Financial analysis: Ondas (ONDS) versus its competitors


Ondas (NASDAQ:ONDS – Get Rating) is one of 66 publicly traded companies in the “radio and television communications equipment” sector, but how does it stack up against its competitors? We will compare Ondas to similar companies based on the strength of its risk, earnings, dividends, profitability, analyst recommendations, valuation and institutional ownership.

Benefits and evaluation

This table compares the gross revenue, earnings per share and valuation of Ondas and its rivals.

Gross revenue Net revenue Price/earnings ratio
Waves $2.91 million -$15.02 million -9.65
Ondas Competitors $3.37 billion $415.96 million -3.87

Ondas rivals have higher revenue and profit than Ondas. Ondas trades at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares the net margins, return on equity and return on assets of Ondas and its competitors.

Net margins Return on equity return on assets
Waves -1,017.95% -22.43% -20.51%
Ondas Competitors -190.45% -1,743.51% -2.51%

Insider and Institutional Ownership

17.5% of Ondas shares are held by institutional investors. In comparison, 48.6% of the shares of all “radio & tv communication equipment” companies are held by institutional investors. 8.5% of Ondas shares are held by insiders. In comparison, 21.0% of the shares of all the “Radio & TV communication equipment” companies are held by insiders. Strong institutional ownership indicates that hedge funds, large fund managers, and endowments believe a company will outperform the market over the long term.

Volatility and risk

Ondas has a beta of -0.98, meaning its stock price is 198% less volatile than the S&P 500. Comparatively, Ondas’ competitors have a beta of 1.06, meaning its stock price average is 6% more volatile than the S&P 500.

Analyst Notes

This is a breakdown of the current recommendations for Ondas and its rivals, as provided by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Waves 0 0 0 0 N / A
Ondas Competitors 259 1537 2520 105 2.56

As a group, the “radio and television communication equipment” companies have an upside potential of 47.95%. Since Ondas’ rivals have higher upside potential, analysts clearly believe that Ondas has less favorable growth aspects than its rivals.

Summary

Ondas’ rivals beat Ondas on 9 of the 10 factors compared.

About Ondas (Get a rating)

Ondas Holdings Inc., through its subsidiaries, provides private wireless, drone and automated data solutions in the United States and around the world. The Company operates in two segments, Ondas Networks and American Robotics. It designs, develops, manufactures, sells and supports the FullMAX software-defined radio (SDR) platform. It provides a FullMAX base station and remote radios; and the FullMAX SDR platform that helps enable secure and reliable industrial-grade connectivity for truly mission-critical applications. The company also offers Scout Drone, an AI-powered drone with imaging payloads; the ScoutBase, a hardened base station for housing, charging, data processing and cloud transfer; and ScoutView, an American robotics analysis and user interface software package. It sells its products and services through a direct sales force and value-added sales partners to critical infrastructure providers and applications, such as rail operators, commercial and industrial drone operators, utilities electric and gas utilities, water and wastewater utilities, oil and gas producers and pipelines. operators, and for other critical infrastructure applications in areas such as homeland security and defense, and transportation markets. The company is headquartered in Nantucket, Massachusetts.



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Sarah J. Greer