Company Valuation: Ondas Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 273.7 68.19 89.22 233.7 3,654 4,382 - -
Change - -75.09% 30.84% 161.93% 1,463.54% 19.93% - -
Enterprise Value (EV) 1 233.2 71.8 108.8 251.5 3,094 3,389 3,829 3,978
Change - -69.21% 51.6% 131.11% 1,129.91% 9.56% 12.98% 3.88%
P/E -15.3x -0.92x -1.74x -4.2x -15.7x 28.7x -21.9x -96x
PBR - - 2.44x - - - - -
PEG - -0x 0x 0.1x -9.58x -0x 0x 1.2x
Capitalization / Revenue 94.2x 32.1x 5.69x 32.5x 72x 8.17x 4.35x 3.31x
EV / Revenue 80.2x 33.8x 6.94x 35x 61x 6.32x 3.8x 3.01x
EV / EBITDA -17.7x -1.79x -3.67x -8.82x -98.8x -28.3x -152x 29.3x
EV / EBIT -13x -1.44x -2.74x -7.27x -53x -9.48x -16.9x -46.3x
EV / FCF -13.1x -1.72x -3.18x -7.17x -79.7x -11.9x -74.2x 77.4x
FCF Yield -7.64% -58.1% -31.4% -14% -1.25% -8.43% -1.35% 1.29%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.44 -1.73 -0.88 -0.61 -0.62 0.2675 -0.3512 -0.08
Distribution rate - - - - - - - -
Net sales 1 2.907 2.126 15.69 7.193 50.73 536.4 1,007 1,323
EBITDA 1 -13.21 -40.13 -29.68 -28.52 -31.3 -119.8 -25.25 135.9
EBIT 1 -17.97 -50.01 -39.73 -34.61 -58.38 -357.6 -226.7 -85.88
Net income 1 -15.02 -73.24 -44.84 -42.42 -137.2 153.2 -202.4 -40.31
Net Debt 1 -40.52 3.61 19.63 17.86 -560 -992.4 -552.4 -403.8
Reference price 2 6.710 1.590 1.530 2.560 9.760 7.680 7.680 7.680
Nbr of stocks (in thousands) 40,789 42,885 58,311 91,283 374,359 570,552 - -
Announcement Date 3/22/22 3/14/23 4/1/24 3/12/25 3/23/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.71x6.32x-28.29x - 4.38B
17.88x0.77x11.33x3.84% 3.62B
16.66x1.72x9.33x6.89% 644M
8.55x1.18x4.71x4.55% 401M
15.9x1.1x4.56x - 144M
45.81x - - - 133M
Average 22.25x 2.22x 0.33x 5.09% 1.55B
Weighted average by Cap. 22.85x 3.51x -8.10x 4.32%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA