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
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.
7 Day Return
1 Year Return
Return vs Industry: OPTT exceeded the US Electrical industry which returned 23.2% over the past year.
Return vs Market: OPTT exceeded the US Market which returned 15.6% 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
2 months ago | Simply Wall StIs Ocean Power Technologies (NASDAQ:OPTT) In A Good Position To Deliver On Growth Plans?
4 months ago | Simply Wall StWhat Did Ocean Power Technologies, Inc.'s (NASDAQ:OPTT) CEO Take Home Last Year?
6 months ago | Simply Wall StCompanies Like Ocean Power Technologies (NASDAQ:OPTT) Can Be Considered Quite Risky
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 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 (3.5x) compared to the US Electrical industry average (3.7x).
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 2.2% 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 (-24.7%).
Return on Equity
High ROE: OPTT has a negative Return on Equity (-105.88%), as it is currently unprofitable.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
George Kirby (50 yo)
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 ($USD585.94K).
Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.
|Independent Director||2.08yrs||US$67.92k||0% |
|Independent Director||4.42yrs||US$67.92k||0% |
|Independent Director||4.42yrs||US$75.92k||0.0025% |
|Independent Chairman of the Board||6.33yrs||US$107.92k||0.0015% |
|Independent Vice Chairman of the Board||4.25yrs||US$77.52k||0.022% |
Experienced Board: OPTT's board of directors are considered experienced (4.4 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.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 286.9%.
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$42.909m
- Shares outstanding: 23.58m
- 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|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/29 00:31|
|End of Day Share Price||2020/10/28 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.