OTCPK:WAYS

Stock Analysis Report

Executive Summary

Wave Sync Corp., a development stage company, engages in the design, development, and proliferation of debit and credit cards for financial institutions in the United States.

Snowflake

Fundamentals

Worrying balance sheet with weak fundamentals.

Risks

  • Wave Sync is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

WAYS

-0.8%

US Semiconductor

-0.02%

US Market


1 Year Return

n/a

WAYS

10.2%

US Semiconductor

1.6%

US Market

No trading data on WAYS.

No trading data on WAYS.


Share holder returns

WAYSIndustryMarket
7 Day0%-0.8%-0.02%
30 Day0%5.8%2.7%
90 Day12.8%12.0%1.4%
1 Yearn/a12.3%10.2%3.8%1.6%
3 Yearn/a82.2%71.6%45.2%35.8%
5 Yearn/a122.9%100.2%61.8%44.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Wave Sync undervalued based on future cash flows and its price relative to the stock market?


In this section, we usually try to help investors determine whether Wave Sync is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Wave Sync has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of WAYS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Wave Sync regulatory filings here.
  • Explore potentially undervalued companies in the Semiconductors industry.

Future Growth

How is Wave Sync expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.0%

Forecasted Semiconductors 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 Wave Sync 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

  • Take a look at our analysis of WAYS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Wave Sync's filings and announcements here.
  • Explore growth companies in the Semiconductors industry.

Past Performance

How has Wave Sync performed over the past 5 years?

-59.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Wave Sync does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Wave Sync's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Wave Sync's 1-year growth to the US Semiconductor industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Wave Sync has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if Wave Sync has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Wave Sync improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.


Next Steps

Financial Health

How is Wave Sync's financial position?


Financial Position Analysis

Wave Sync's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Wave Sync has no long term commitments.


Debt to Equity History and Analysis

Wave Sync has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Wave Sync's debt level has increased considering it has negative shareholder equity.


Balance Sheet

Low level of unsold assets.

Wave Sync has negative shareholder equity (liabilities exceed assets) therefore debt is not 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.

Wave Sync has less than a year of cash runway based on current free cash flow.

Wave Sync has less than a year of cash runway if free cash flow continues to grow at historical rates of 21% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Wave Sync's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Wave Sync's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Wave Sync has not reported any payouts.

Unable to verify if Wave Sync's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Wave Sync has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

4.2yrs

Average board tenure


CEO

Zuyue Xiang (49yo)

0.7yrs

Tenure

US$66,667

Compensation

Mr. Zuyue Xiang has been a Director of Wave Sync Corp. since October 16, 2015. Mr. Mr. Xiang has been Chief Executive Officer of Wave Sync Corp. since January 29, 2019 and previously he served as its Chief ...


CEO Compensation Analysis

Insufficient data for Zuyue to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.

Zuyue's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

4.2yrs

Average Tenure

48.5yo

Average Age

The tenure for the Wave Sync board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Zuyue Xiang (49yo)

    CEO & Director

    • Tenure: 0.7yrs
    • Compensation: US$66.67k
  • Zhenpeng Gao (44yo)

    Chief Financial & Accounting Officer

    • Tenure: 0.7yrs

Board Members

  • Mei Yang (48yo)

    Chairwoman of the Board

    • Tenure: 4.7yrs
    • Compensation: US$60.00k
  • Xiaoqiang Zuo (51yo)

    Independent Director

    • Tenure: 4.5yrs
  • Zuyue Xiang (49yo)

    CEO & Director

    • Tenure: 0.7yrs
    • Compensation: US$66.67k
  • Minqin Tang (33yo)

    Director

    • Tenure: 1.9yrs

Company Information

Wave Sync Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wave Sync Corp.
  • Ticker: WAYS
  • Exchange: OTCPK
  • Founded: 1988
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$1.186m
  • Shares outstanding: 21.03m
  • Website: https://null

Location

  • Wave Sync Corp.
  • 11 Middlebury Boulevard
  • Unit 3
  • Randolph
  • New Jersey
  • 7869
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WAYSOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2015

Biography

Wave Sync Corp., a development stage company, engages in the design, development, and proliferation of debit and credit cards for financial institutions in the United States. The company offers its product ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 01:14
End of Day Share Price2019/08/23 00:00
Earnings2018/12/31
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.