Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, Europe, Australia, and Asia.
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Adequate balance sheet and overvalued.
Share Price & News
How has Ocean Power Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OPTT's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: OPTT underperformed the US Electrical industry which returned -24.2% over the past year.
Return vs Market: OPTT underperformed the US Market which returned -14.9% over the past year.
Price Volatility Vs. Market
How volatile is Ocean Power Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StImagine Owning Ocean Power Technologies (NASDAQ:OPTT) And Taking A 99% Loss Square On The Chin
2 months ago | Simply Wall StHow Much Did Ocean Power Technologies, Inc.'s (NASDAQ:OPTT) CEO Pocket Last Year?
3 months ago | Simply Wall StDo Institutions Own Ocean Power Technologies, Inc. (NASDAQ:OPTT) Shares?
Is Ocean Power Technologies undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate OPTT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate OPTT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: OPTT is unprofitable, so we can't compare its PE Ratio to the Electrical industry average.
PE vs Market: OPTT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate OPTT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OPTT is good value based on its PB Ratio (0.3x) compared to the US Electrical industry average (1.3x).
How is Ocean Power Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ocean Power Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Ocean Power Technologies's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Capital Goods industry.
How has Ocean Power Technologies performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OPTT is currently unprofitable.
Growing Profit Margin: OPTT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: OPTT is unprofitable, but has reduced losses over the past 5 years at a rate of 2.8% per year.
Accelerating Growth: Unable to compare OPTT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: OPTT is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (-1.4%).
Return on Equity
High ROE: OPTT has a negative Return on Equity (-119.07%), as it is currently unprofitable.
How is Ocean Power Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: OPTT's short term assets ($11.8M) exceed its short term liabilities ($2.8M).
Long Term Liabilities: OPTT's short term assets ($11.8M) exceed its long term liabilities ($1.1M).
Debt to Equity History and Analysis
Debt Level: OPTT is debt free.
Reducing Debt: OPTT has no debt compared to 5 years ago when its debt to equity ratio was 0.9%.
Inventory Level: OPTT has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if OPTT's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: OPTT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: OPTT has less than a year of cash runway if free cash flow continues to reduce at historical rates of -0.7% each year
What is Ocean Power Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate OPTT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate OPTT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if OPTT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if OPTT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of OPTT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
George Kirby (49yo)
Mr. George H. Kirby III has served as President, Chief Executive Officer and a Member of the Board of Directors of Ocean Power Technologies Incorporated since January 2015. Prior to this, he joined AECOM T ...
CEO Compensation Analysis
Compensation vs Market: George's total compensation ($USD719.86K) is about average for companies of similar size in the US market ($USD609.32K).
Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.
|Independent Director||1.58yrs||US$42.82k||no data|
|Independent Director||3.92yrs||US$62.87k||no data|
|Independent Director||3.92yrs||US$70.87k||0.0065% $218.2|
|Independent Chairman of the Board||5.83yrs||US$102.87k||0.0039% $131.3|
|Independent Vice Chairman of the Board||3.75yrs||US$72.47k||0.057% $1.9k|
Experienced Board: OPTT's board of directors are considered experienced (3.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 494.8%.
Ocean Power Technologies, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Ocean Power Technologies, Inc.
- Ticker: OPTT
- Exchange: NasdaqCM
- Founded: 1984
- Industry: Heavy Electrical Equipment
- Sector: Capital Goods
- Market Cap: US$3.357m
- Shares outstanding: 9.24m
- Website: https://www.oceanpowertechnologies.com
Number of Employees
- Ocean Power Technologies, Inc.
- 28 Engelhard Drive
- Suite B
- Monroe Township
- New Jersey
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OPTT||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Jan 2005|
|RUOC||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 2005|
|0KAM||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jan 2005|
Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, Europe, Australia, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in remote offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and support services, such as innovation, remote monitoring, extended agreement, customization and pre-packaged payload option, engineering-design-testing, mooring design, and marine services. It offers electric power and real-time data communications for remote offshore and subsea applications in markets, such as oil and gas, defense and security, science and research, and communications. The company focuses on serving public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was founded in 1984 and is headquartered in Monroe Township, New Jersey.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/03 03:56|
|End of Day Share Price||2020/04/02 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.