OTCPK:ONDS

Stock Analysis Report

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Executive Summary

Ondas Holdings Inc., through its subsidiaries, designs, develops, manufactures, sells, and supports FullMAX software defined radio systems in the United States and internationally.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

4.5%

ONDS

1.8%

US Communications

2.6%

US Market


1 Year Return

n/a

ONDS

-6.0%

US Communications

15.4%

US Market

Return vs Industry: Insufficient data to determine how ONDS performed against the US Communications industry.

Return vs Market: Insufficient data to determine how ONDS performed against the US Market.


Shareholder returns

ONDSIndustryMarket
7 Day4.5%1.8%2.6%
30 Day4.5%4.1%6.1%
90 Dayn/a13.2%16.6%
1 Yearn/a-3.4%-6.0%17.8%15.4%
3 Yearn/a43.9%34.2%43.9%34.7%
5 Yearn/a67.2%48.8%76.2%57.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


In this section, we usually try to help investors determine whether Ondas Holdings is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Ondas Holdings 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 ONDS'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 Ondas Holdings regulatory filings here.
  • Explore potentially undervalued companies in the Tech industry.

Future Growth

How is Ondas Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.5%

Forecasted Tech 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 Ondas Holdings 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 ONDS’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 theOTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Ondas Holdings's filings and announcementshere.
  • Explore growth companies in the Tech industry.

Past Performance

How has Ondas Holdings performed over the past 5 years?

-54.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ONDS is currently unprofitable.

Growing Profit Margin: ONDS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ONDS is unprofitable, and losses have increased over the past 5 years at a rate of 54.6% per year.

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

Earnings vs Industry: ONDS is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (-29.6%).


Return on Equity

High ROE: ONDS's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Ondas Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: ONDS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: ONDS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: ONDS has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: ONDS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: ONDS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ONDS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 52.8% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ONDS'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 ONDS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ONDS'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 ONDS'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?

2.2yrs

Average management tenure


CEO

Eric Brock

2.17yrs

Tenure

US$227,819

Compensation

Mr. Eric Ashley Brock, CPA, has been Chairman of the Board of Ondas Holdings Inc. since September 28, 2018 and serves as its Chief Executive Officer and Director since June 28, 2018. Mr. Brock serves as Ch ...


CEO Compensation Analysis

Compensation vs Market: Eric's total compensation ($USD227.82K) is below average for companies of similar size in the US market ($USD606.98K).

Compensation vs Earnings: Eric's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Eric Brock
Chairman & CEO2.17yrsUS$227.82k9.24%
$ 12.6m
Stewart Kantor
Co-Founder1.92yrsUS$262.50k4.6%
$ 6.3m
Thomas Bushey
President & Director0.17yrno datano data
Menashe Shahar
Co-Founder & CTOno dataUS$150.00k5.01%
$ 6.8m
Guy Simpson
Chief Operating Officer8.58yrsUS$150.00kno data
Suresh Palliparambil
Chief Revenue Officerno datano datano data

2.2yrs

Average Tenure

59yo

Average Age

Experienced Management: ONDS's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Eric Brock
Chairman & CEO2.17yrsUS$227.82k9.24%
$ 12.6m
Stewart Kantor
Co-Founder1.92yrsUS$262.50k4.6%
$ 6.3m
Thomas Bushey
President & Director0.17yrno datano data
Derek Reisfield
Independent Director1.92yrsno data0.12%
$ 167.8k
Richard Cohen
Independent Director1.92yrsno data0.12%
$ 167.8k
Richard Silverman
Independent Director1.92yrsno data0.12%
$ 167.8k

1.9yrs

Average Tenure

57yo

Average Age

Experienced Board: ONDS's board of directors are not considered experienced ( 1.9 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: Insufficient data to determine if 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 17.4%.


Top Shareholders

Company Information

Ondas Holdings Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ondas Holdings Inc.
  • Ticker: ONDS
  • Exchange: OTCPK
  • Founded:
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: US$136.317m
  • Shares outstanding: 59.27m
  • Website: https://www.ondas.com

Number of Employees


Location

  • Ondas Holdings Inc.
  • 165 Gibraltar Court
  • Sunnyvale
  • California
  • 94089
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ONDSOTCPK (Pink Sheets LLC)COMUSUSDNo data
ONDSOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2018

Biography

Ondas Holdings Inc., through its subsidiaries, designs, develops, manufactures, sells, and supports FullMAX software defined radio systems in the United States and internationally. It provides FullMAX Base ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/06 01:13
End of Day Share Price2020/08/03 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.