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Friday 6 November 2026
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Eco Wave Power Global AB (publ) Unsponsored ADR
WAVE Utilities Utilities Renewable
Eco Wave Power Global AB (publ) Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $38,000.00, down 77.4% from fiscal 2024.
- EPS
- +47.0%
- Free cash flow
- −70.1%
- Total debt
- +1.32%
Quarter to September 2026, against a year earlier
4.50
0.02
−0.44%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | +5.2% | 0 | 0 | — | +170.4% | |
| Gross margin, % | — | 0.00 | 0.00 | 0.00 | 0.00 | 12.90 | 15.38 | 80.72 | 75.00 | 57.89 | 75.60 | +57.9 pt | ||||||
| EBT | — | 0 | 0 | (2) | (2) | (2) | (3) | (2) | (2) | (4) | (3) | +52.2% | ||||||
| EBT margin, % | — | 0.00 | 0.00 | 0.00 | 0.00 | (7,570.97) | (11,157.69) | (609.80) | (1,254.76) | (9,800.00) | 0.00 | (9,800.0) pt | ||||||
| Net income | — | 0 | 0 | (2) | (2) | (2) | (3) | (2) | (2) | (4) | (5) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.06 | 0.03 | 0.01 | 0.00 | n/m | |||||
| Earnings | — | (0.02) | (0.02) | (0.51) | (0.45) | (0.46) | (0.56) | (0.32) | (0.40) | (0.64) | (0.52) | +52.5% | ||||||
| Cash flow | — | (0.02) | (0.02) | (0.30) | (0.48) | (0.51) | (0.44) | (0.47) | (0.33) | (0.52) | 0.00 | +47.8% | ||||||
| Capex | — | 0.00 | 0.00 | (0.04) | (0.04) | 0.00 | 0.00 | 0.00 | (0.01) | (0.08) | 0.00 | n/m | ||||||
| Free cash flow | — | (0.02) | (0.02) | (0.34) | (0.52) | (0.51) | (0.44) | (0.47) | (0.33) | (0.60) | 0.00 | +50.4% | ||||||
| Book value | — | (0.01) | (0.02) | 2.88 | 2.45 | 2.96 | 1.78 | 1.41 | 1.49 | 0.94 | 1.13 | n/m | ||||||
| Shares, m | — | 5 | 5 | 4 | 4 | 5 | 6 | 6 | 6 | 6 | 6 | +0.8% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | — | 0.00 | 0.00 | 25.24 | 184.30 | 102.73 | 84.57 | 62.5 | ||||||
| P/B | — | — | — | — | — | 1.62 | 1.69 | 1.07 | 7.37 | 6.22 | 3.99 | 3.6 | ||||||
| EV/Sales | — | — | — | — | — | 0.00 | 0.00 | 3.15 | 159.98 | 87.47 | 65.17 | 50.1 | ||||||
| EV/FCF | — | — | — | — | — | (6.17) | (2.45) | (0.17) | (16.48) | (3.81) | (2.63) | (5.8) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | 0 | 0 | (1) | (2) | (3) | (2) | (3) | (2) | (3) | (8) | +48.9% | |||||
| Capex | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | +63.7% | ||||||
| Free cash flow | — | 0 | 0 | (1) | (2) | (3) | (2) | (3) | (2) | (3) | (8) | +51.5% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | 0 | 0 | 11 | 10 | 14 | 9 | 7 | 7 | 4 | 6 | +69.9% | |||||
| Net debt | — | 0 | 0 | (10) | (9) | (13) | (9) | (7) | (8) | (5) | (6) | n/m | ||||||
| Shareholders’ equity | — | 0 | 0 | 11 | 11 | 15 | 10 | 8 | 8 | 5 | 7 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | (7.05) | (116.84) | (29.03) | (14.91) | (16.00) | (20.31) | (15.60) | (20.08) | (39.29) | (33.83) | (32.2) pt | |||||
| ROIC | — | 0.00 | 0.00 | (135.44) | (80.69) | (150.73) | (334.97) | (321.56) | (646.57) | (467.18) | (299.81) | (467.2) pt | ||||||
| ROE | — | 16.23 | 123.48 | (35.36) | (17.68) | (18.39) | (23.58) | (19.35) | (25.80) | (53.63) | (46.20) | (69.9) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 15 | 14 | 15 | 14 | 12 | 11 | — | (6.0%) | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.02 | 0.01 | 0.00 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Dec 2023 · fundamentals updated 5 Nov 2026
Eco Wave Power Global AB (publ) Unsponsored ADR vs peers in Utilities Renewable (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SAFX XCF Global Capital, Inc. | $52.3M | — (loss-making) | — | −89.49% (below 0%: shrinking) | n/m | −89.55% (below 0%: shrinking) | 39.98% | (833.13%) | Compare |
| VGAS Verde Clean Fuels, Inc. | $43.4M | — (loss-making) | — | — | n/m | +77.82% (above 0%: growing) | 0.00% | 0.00% | Compare |
| AGIG Abundia Global Impact Group, Inc. | $36.7M | — (loss-making) | — (loss-making) | +304.43% (above 0%: growing) | n/m | +214.38% (above 0%: growing) | 30.76% | (172.29%) | Compare |
| WAVE Eco Wave Power Global AB (publ) Unsponsored ADR | $27.1M | — (loss-making) | — (loss-making) | +7,706.63% (above 0%: growing) | n/m | −70.08% (below 0%: shrinking) | 85.66% | 0.00% | |
| STEM Stem, Inc. | $21.0M | — (loss-making) | — (loss-making) | −12.30% (below 0%: shrinking) | n/m | +96.12% (above 0%: growing) | 41.26% | (22.79%) | Compare |
| BESS Bimergen Energy Corporation | $18.7M | — (loss-making) | — | +14,700.00% (above 0%: growing) | n/m | +247.73% (above 0%: growing) | 60.90% | 19.90% | Compare |
| HTOO Fusion Fuel Green PLC | $10.6M | — (loss-making) | — (loss-making) | — | n/m | +64.49% (above 0%: growing) | (26.76%) | 0.00% | Compare |
| PBK PowerBank Corporation | $8.7M | — (loss-making) | — | −40.48% (below 0%: shrinking) | n/m | −372.99% (below 0%: shrinking) | 33.16% | (109.55%) | Compare |
| NXXT NextNRG Inc. | $3.9M | — (loss-making) | — (loss-making) | +40.91% (above 0%: growing) | n/m | −328.47% (below 0%: shrinking) | 7.05% | (15.96%) | Compare |
| Median of peers | $19.9M | — | — | +14.31% | — | +71.16% | 31.96% | (19.37%) |