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 4,342 - -
Change - -75.09% 30.84% 161.93% 1,463.54% 18.83% - -
Enterprise Value (EV) 1 233.2 71.8 108.8 251.5 3,094 3,349 3,789 3,938
Change - -69.21% 51.6% 131.11% 1,129.91% 8.27% 13.14% 3.92%
P/E -15.3x -0.92x -1.74x -4.2x -15.7x 28.4x -21.7x -95.1x
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 8.1x 4.29x 3.14x
EV / Revenue 80.2x 33.8x 6.94x 35x 61x 6.25x 3.74x 2.85x
EV / EBITDA -17.7x -1.79x -3.67x -8.82x -98.8x -27.6x -150x 26.7x
EV / EBIT -13x -1.44x -2.74x -7.27x -53x -9.29x -15.5x -39.2x
EV / FCF -13.1x -1.72x -3.18x -7.17x -79.7x -11.7x -73.4x 76.6x
FCF Yield -7.64% -58.1% -31.4% -14% -1.25% -8.53% -1.36% 1.31%
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 50.73 536.3 1,013 1,381
EBITDA 1 -13.21 -40.13 -29.68 -28.52 -31.3 -121.2 -25.25 147.7
EBIT 1 -17.97 -50.01 -39.73 -34.61 -58.38 -360.6 -244.2 -100.4
Net income 1 -15.02 -73.24 -44.84 -42.42 -137.2 155.4 -216.9 -44.44
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 7.610 7.610 7.610
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.($)
28.45x6.25x-27.64x - 4.34B
17.62x0.8x11.66x3.72% 3.74B
17.96x2.12x10.44x5.39% 840M
9.37x1.33x5.3x4.15% 449M
11.95x1.25x5.2x - 174M
45.19x - - - 131M
Average 21.76x 2.35x 0.99x 4.42% 1.61B
Weighted average by Cap. 22.40x 3.43x -6.74x 4.04%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA