NasdaqCM:WATT

Stock Analysis Report

Executive Summary

Energous Corporation develops wire-free charging solutions.


Snowflake Analysis

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

Stable Share Price: WATT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.9%

WATT

0.7%

US Electrical

0.9%

US Market


1 Year Return

-82.6%

WATT

14.0%

US Electrical

20.0%

US Market

Return vs Industry: WATT underperformed the US Electrical industry which returned 14.1% over the past year.

Return vs Market: WATT underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

WATTIndustryMarket
7 Day-7.9%0.7%0.9%
30 Day-12.1%0.3%1.4%
90 Day-19.4%5.9%8.8%
1 Year-82.6%-82.6%16.4%14.0%22.5%20.0%
3 Year-88.9%-88.9%34.4%26.6%49.9%40.3%
5 Year-81.2%-81.2%47.8%33.2%73.2%54.1%

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?

2.52x

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 (2.5x) compared to the US Electrical industry average (1.8x).


Next Steps

Future Growth

How is Energous forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

25.8%

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 (131.1% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: WATT's revenue (131.1% 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?

-9.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WATT is currently unprofitable.

Growing Profit Margin: WATT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WATT is unprofitable, and losses have increased over the past 5 years at a rate of -9.9% 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 (-1.9%).


Return on Equity

High ROE: WATT has a negative Return on Equity (-194.85%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Energous's financial position?


Financial Position Analysis

Short Term Liabilities: WATT's short term assets ($23.5M) exceed its short term liabilities ($3.6M).

Long Term Liabilities: WATT's short term assets ($23.5M) exceed its long term liabilities ($1.6M).


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 -19.1% 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%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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.


Stability and Growth of Payments

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

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

5.1yrs

Average management tenure


CEO

Steve Rizzone (70yo)

6.3yrs

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 ($USD652.44K) is about average for companies of similar size in the US market ($USD521.92K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Stephen Rizzone
President6.3yrsUS$652.44k1.86% $1.0m
Brian Sereda
Senior VP & CFO4.6yrsUS$1.46m0.19% $104.1k
Cesar Johnston
COO & Executive VP of Engineering5.6yrsUS$2.24m0.82% $450.0k
Neeraj Sahejpal
Senior Vice President of Marketing & Strategy1.1yrsno data0.19% $105.5k

5.1yrs

Average Tenure

56.5yo

Average Age

Experienced Management: WATT's management team is seasoned and experienced (5.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stephen Rizzone
President6.3yrsUS$652.44k1.86% $1.0m
Daniel Fairfax
Independent Director0.9yrsno datano data
John Major
Member of Advisory Board5.6yrsno datano data
John Gaulding
Chairman Emeritus0yrsUS$1.25m0.12% $63.8k
Michael Noonen
Director0.5yrsno datano data
Robert Griffin
Chairman of the Board1.9yrsUS$715.62k0.19% $101.7k
Nicolaos Alexopoulos
Independent Director2.1yrsUS$342.93k0.019% $10.4k
Franco De Flaviis
Member of Advisory Board2.9yrsno datano data
Sheryl Wilkerson
Member of Advisory Board2.1yrsno datano data
Rahul Patel
Director0.5yrsno datano data

2.1yrs

Average Tenure

70yo

Average Age

Experienced Board: WATT's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: WATT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.9%.


Top Shareholders

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$54.810m
  • Shares outstanding: 31.50m
  • 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 that enables radio frequency based wire-free charging for electronic devices. It has a collaboration with vivo Global to explore integrating WattUp into smartphone designs that charge wirelessly over-the-air. The company was formerly known as DvineWave Inc. and changed its name to Energous Corporation in January 2014. Energous Corporation was founded in 2012 and is headquartered in San Jose, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 00:53
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
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.