Company Valuation: Ondas Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 273.7 68.19 89.22 233.7 3,654 3,794 - -
Change - -75.09% 30.84% 161.93% 1,463.54% 3.84% - -
Enterprise Value (EV) 1 233.2 71.8 108.8 251.5 3,094 2,802 3,242 3,390
Change - -69.21% 51.6% 131.11% 1,129.91% -9.44% 15.7% 4.58%
P/E -15.3x -0.92x -1.74x -4.2x -15.7x 24.6x -19x -70x
PBR - - 2.44x - - - - -
PEG - -0x 0x 0.1x -9.58x -0x 0x 1x
Capitalization / Revenue 94.2x 32.1x 5.69x 32.5x 72x 7.07x 3.75x 2.81x
EV / Revenue 80.2x 33.8x 6.94x 35x 61x 5.22x 3.2x 2.51x
EV / EBITDA -17.7x -1.79x -3.67x -8.82x -98.8x -23.3x -129x 25.3x
EV / EBIT -13x -1.44x -2.74x -7.27x -53x -7.77x -14x -37.3x
EV / FCF -13.1x -1.72x -3.18x -7.17x -79.7x -9.95x -41.9x 251x
FCF Yield -7.64% -58.1% -31.4% -14% -1.25% -10.1% -2.39% 0.4%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.44 -1.73 -0.88 -0.61 -0.62 0.27 -0.35 -0.095
Distribution rate - - - - - - - -
Net sales 1 2.907 2.126 15.69 7.193 50.73 536.7 1,013 1,352
EBITDA 1 -13.21 -40.13 -29.68 -28.52 -31.3 -120.1 -25.05 134
EBIT 1 -17.97 -50.01 -39.73 -34.61 -58.38 -360.5 -231.2 -90.93
Net income 1 -15.02 -73.24 -44.84 -42.42 -137.2 153.7 -204 -50.43
Net Debt 1 -40.52 3.61 19.63 17.86 -560 -992.4 -552.4 -403.8
Reference price 2 6.710 1.590 1.530 2.560 9.760 6.650 6.650 6.650
Nbr of stocks (in thousands) 40,789 42,885 58,311 91,283 374,359 570,552 - -
Announcement Date 22/3/22 14/3/23 1/4/24 12/3/25 23/3/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.13x6.08x15.74x1.53% 439B
49.02x17.38x34.84x-.--% 236B
15.12x0.61x10.97x2.99% 137B
18.67x5.8x14x0.66% 102B
34.99x6.78x19.66x1% 80.03B
40.08x12.02x26.82x-.--% 78.46B
28.62x6.54x21.57x1.43% 55.8B
45.67x2.05x12.94x1.89% 50.69B
16.9x2.69x11.22x4.21% 47.07B
Average 30.69x 6.66x 18.64x 1.52% 136.13B
Weighted average by Cap. 31.09x 7.77x 19.68x 1.31%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Ondas Inc.

Historical PBR trend

Valuation ratios - PBR - Ondas Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Ondas Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Ondas Inc.