NasdaqCM:WATT

Stock Analysis Report

Executive Summary

Energous Corporation develops wire-free charging solutions.

Snowflake

Fundamentals

Adequate balance sheet with limited growth.

Share Price & News

How has Energous's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.4%

WATT

2.3%

US Electrical

0.07%

US Market


1 Year Return

-61.9%

WATT

9.7%

US Electrical

8.9%

US Market

Return vs Industry: WATT underperformed the US Electrical industry which returned 9.7% over the past year.

Return vs Market: WATT underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

WATTIndustryMarket
7 Day-5.4%2.3%0.07%
30 Day-18.2%2.4%-0.3%
90 Day-23.5%1.2%-1.6%
1 Year-61.9%-61.9%12.1%9.7%11.3%8.9%
3 Year-77.8%-77.8%45.0%36.4%46.3%36.8%
5 Year-68.5%-68.5%37.0%23.2%62.1%44.3%

Price Volatility Vs. Market

How volatile is Energous's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Energous undervalued compared to its fair value and its price relative to the market?

3.54x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate WATT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate WATT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: WATT is unprofitable, so we can't compare its PE Ratio to the Electrical industry average.

PE vs Market: WATT 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 WATT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WATT is overvalued based on its PB Ratio (3.5x) compared to the US Electrical industry average (1.6x).


Next Steps

Future Growth

How is Energous forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

100.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WATT is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: WATT is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: WATT is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: WATT's revenue (143.4% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: WATT's revenue (143.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if WATT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Energous performed over the past 5 years?

-10.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: WATT is unprofitable, and losses have increased over the past 5 years at a rate of -10.9% per year.

Accelerating Growth: Unable to compare WATT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WATT is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (16.3%).


Return on Equity

High ROE: WATT has a negative Return on Equity (-168.74%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: WATT is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: WATT is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Energous's financial position?


Financial Position Analysis

Short Term Liabilities: WATT's short term assets ($29.9M) exceeds its short term liabilities ($3.6M)

Long Term Liabilities: WATT has no long term liabilities


Debt to Equity History and Analysis

Debt Level: WATT is debt free.

Reducing Debt: WATT had no debt 5 years ago.


Balance Sheet

Inventory Level: WATT has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if WATT'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: WATT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: WATT has less than a year of cash runway if free cash flow continues to reduce at historical rates of -1.1% each year


Next Steps

Dividend

What is Energous's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate WATT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

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

Stable Dividend: Insufficient data to determine if WATT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WATT'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 WATT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Energous's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Steve Rizzone (70yo)

6yrs

Tenure

US$652,438

Compensation

Mr. Stephen R. Rizzone, also known as Steve, has been the Chief Executive Officer and President of Energous Corporation since October 2013. Mr. Rizzone served as the Chief Executive Officer and Chairman of ...


CEO Compensation Analysis

Compensation vs. Market: Steve's total compensation ($USD652.44K) is about average for companies of similar size in the US market ($USD509.30K).

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


Management Age and Tenure

4.8yrs

Average Tenure

56.5yo

Average Age

Experienced Management: WATT's management team is considered experienced (4.8 years average tenure).


Board Age and Tenure

1.8yrs

Average Tenure

70yo

Average Age

Experienced Board: WATT's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$70,22716 Jul 19
Brian Sereda
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares15,300
Max PriceUS$4.59
SellUS$16,15424 May 19
Nicolaos Alexopoulos
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,435
Max PriceUS$4.70

Ownership Breakdown


Management Team

  • Steve Rizzone (70yo)

    President

    • Tenure: 6yrs
    • Compensation: US$652.44k
  • Brian Sereda (58yo)

    Senior VP & CFO

    • Tenure: 4.3yrs
    • Compensation: US$1.46m
  • Cesar Johnston (55yo)

    COO & Executive VP of Engineering

    • Tenure: 5.3yrs
    • Compensation: US$2.24m
  • Neeraj Sahejpal (49yo)

    Senior Vice President of Marketing & Strategy

    • Tenure: 0.8yrs

Board Members

  • Dan Fairfax (63yo)

    Director

    • Tenure: 0.6yrs
  • John Major (73yo)

    Member of Advisory Board

    • Tenure: 5.3yrs
  • Steve Rizzone (70yo)

    President

    • Tenure: 6yrs
    • Compensation: US$652.44k
  • John Gaulding (73yo)

    Chairman Emeritus

    • Tenure: 0yrs
    • Compensation: US$1.25m
  • Mike Noonen (56yo)

    Director

    • Tenure: 0.2yrs
  • Bob Griffin (52yo)

    Chairman of the Board

    • Tenure: 1.6yrs
    • Compensation: US$715.62k
  • Nick Alexopoulos (77yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$342.93k
  • Franco De Flaviis

    Member of Advisory Board

    • Tenure: 2.6yrs
  • Sheryl Wilkerson

    Member of Advisory Board

    • Tenure: 1.8yrs
  • Rahul Patel

    Director

    • Tenure: 0.2yrs

Company Information

Energous Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Energous Corporation
  • Ticker: WATT
  • Exchange: NasdaqCM
  • Founded: 2012
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: US$96.508m
  • Shares outstanding: 30.64m
  • Website: https://www.energous.com

Number of Employees


Location

  • Energous Corporation
  • 3590 North First Street
  • Suite 210
  • San Jose
  • California
  • 95134
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WATTNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMar 2014
116DB (Deutsche Boerse AG)YesCommon StockDEEURMar 2014
0IH3LSE (London Stock Exchange)YesCommon StockGBUSDMar 2014

Biography

Energous Corporation develops wire-free charging solutions. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:28
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.