Financial Analysis: Ondas (ONDS) versus The Competition


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

Risk and Volatility

Ondas has a beta of -0.98, indicating that its stock price is 198% less volatile than the S&P 500. In comparison, Ondas’ peers have a beta of 1.06, indicating that its stock price average is 6% more volatile than the S&P 500.

Analyst Notes

This is a breakdown of recent ratings and price targets for Ondas and its peers, as provided by MarketBeat.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Waves 0 0 0 0 N / A
Ondas Competitors 256 1533 2514 104 2.56

As a group, the “radio and television communication equipment” companies have an upside potential of 50.34%. Since Ondas peers have higher upside potential, analysts clearly believe that Ondas has less favorable growth aspects than its peers.

Benefits and evaluation

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

Gross revenue Net revenue Price/earnings ratio
Waves $2.91 million -$15.02 million -12.65
Ondas Competitors $3.37 billion $415.96 million -4.39

Ondas peers have higher revenue and profit than Ondas. Ondas trades at a lower price-to-earnings ratio than its peers, 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 peers.

Net margins Return on equity return on assets
Waves -1,017.95% -19.51% -18.65%
Ondas Competitors -190.32% -1,833.17% -2.37%

Institutional and insider ownership

17.5% of Ondas shares are held by institutional investors. In comparison, 48.4% of the shares of all “radio & tv communication equipment” companies are held by institutional investors. 8.5% of Ondas shares are held by company insiders. In comparison, 20.4% of the shares of all “radio and television communication equipment” companies are held by insiders of the company. Strong institutional ownership indicates that endowments, hedge funds, and large fund managers believe a company will outperform the market over the long term.

Summary

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

Ondas Company Profile (Get an assessment)

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