NasdaqCM:OPTT

Stock Analysis Report

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Executive Summary

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North and South America, Europe, and Asia. More Details


Snowflake Analysis

Excellent 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.


Market Performance


7 Day Return

-6.3%

OPTT

3.5%

US Electrical

1.8%

US Market


1 Year Return

-53.9%

OPTT

25.2%

US Electrical

14.2%

US Market

Return vs Industry: OPTT underperformed the US Electrical industry which returned 25.2% over the past year.

Return vs Market: OPTT underperformed the US Market which returned 14.2% over the past year.


Shareholder returns

OPTTIndustryMarket
7 Day-6.3%3.5%1.8%
30 Day-32.1%2.3%0.04%
90 Day10.1%21.6%9.8%
1 Year-53.9%-53.9%27.8%25.2%16.7%14.2%
3 Year-96.4%-96.4%40.7%32.5%41.6%32.2%
5 Year-99.0%-99.0%61.8%49.5%90.9%69.5%

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

Valuation

Is Ocean Power Technologies undervalued compared to its fair value and its price relative to the market?

1.61x

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 US 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 (1.6x) compared to the US Electrical industry average (2.8x).


Next Steps

Future Growth

How is Ocean Power Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.3%

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.


Next Steps

Past Performance

How has Ocean Power Technologies performed over the past 5 years?

2.2%

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 2.2% 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 (-22.8%).


Return on Equity

High ROE: OPTT has a negative Return on Equity (-105.88%), as it is currently unprofitable.


Next Steps

Financial Health

How is Ocean Power Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: OPTT's short term assets ($12.6M) exceed its short term liabilities ($2.7M).

Long Term Liabilities: OPTT's short term assets ($12.6M) exceed its long term liabilities ($1.6M).


Debt to Equity History and Analysis

Debt Level: OPTT's debt to equity ratio (8.8%) is considered satisfactory.

Reducing Debt: OPTT's debt to equity ratio has increased from 1.1% to 8.8% over the past 5 years.


Balance Sheet


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 sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: OPTT has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 2% each year.


Next Steps

Dividend

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 recent payouts.

High Dividend: Unable to evaluate OPTT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average board tenure


CEO

George Kirby (50 yo)

5.67yrs

Tenure

US$520,301

Compensation

Mr. George H. Kirby III has been President, Chief Executive Officer and Director of Ocean Power Technologies Incorporated since January 20, 2015. Prior to this, he joined AECOM Technology Corporation (“AEC ...


CEO Compensation Analysis

Compensation vs Market: George's total compensation ($USD520.30K) is about average for companies of similar size in the US market ($USD594.44K).

Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
George Kirby
President5.67yrsUS$520.30k0.041%
$ 6.6k
Kristine Moore
Independent Director2yrsUS$67.92k0%
$ 0
Robert Winters
Independent Director4.33yrsUS$67.92k0%
$ 0
Steven Fludder
Independent Director4.33yrsUS$75.92k0.0035%
$ 572.1
Terence Cryan
Independent Chairman of the Board6.25yrsUS$107.92k0.0021%
$ 343.9
Dean Glover
Independent Vice Chairman of the Board4.17yrsUS$77.52k0.031%
$ 5.0k

4.3yrs

Average Tenure

56yo

Average Age

Experienced Board: OPTT's board of directors are considered experienced (4.3 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 222.4%.


Top Shareholders

Company Information

Ocean Power Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ocean Power Technologies, Inc.
  • Ticker: OPTT
  • Exchange: NasdaqCM
  • Founded: 1984
  • Industry: Heavy Electrical Equipment
  • Sector: Capital Goods
  • Market Cap: US$16.300m
  • Shares outstanding: 18.61m
  • Website: https://www.oceanpowertechnologies.com

Number of Employees


Location

  • Ocean Power Technologies, Inc.
  • 28 Engelhard Drive
  • Suite B
  • Monroe Township
  • New Jersey
  • 8831
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OPTTNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJan 2005
RUOCDB (Deutsche Boerse AG)YesCommon StockDEEURJan 2005

Biography

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North and South America, Europe, and Asia. It o ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/18 05:50
End of Day Share Price2020/09/17 00:00
Earnings2020/07/31
Annual Earnings2020/04/30


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.