Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, Europe, Australia, and Asia.
The last earnings update was 23 days ago.
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Ocean Power Technologies. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
Ocean Power Technologies's
is considered below, and whether this is a fair price.
Price based on past earnings
Ocean Power Technologies's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Ocean Power Technologies 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
Expected Electrical industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Ocean Power Technologies
expected to grow at an
Unable to compare Ocean Power Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Ocean Power Technologies's earnings growth to the Germany market average as no estimate data is available.
Unable to compare Ocean Power Technologies's revenue growth to the Germany market average as no estimate data is available.
Unable to determine if Ocean Power Technologies is high growth as no earnings estimate data is available.
Unable to determine if Ocean Power Technologies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Ocean Power Technologies's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
Ocean Power Technologies
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Ocean Power Technologies's finances.
The net worth of a company is the difference between its assets and liabilities.
Ocean Power Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Ocean Power Technologies's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
Ocean Power Technologies's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Ocean Power Technologies has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. George H. Kirby III has served as President, Chief Executive Officer and a Member of the Board of Directors of Ocean Power Technologies Incorporated since January 2015. Prior to this, he joined AECOM Technology Corporation (“AECOM”), a leading provider of engineering, procurement and construction (“EPC”) services in September 2013 as Senior Vice President. Prior to AECOM, he joined SAIC Energy, Environment, & Infrastructure in January 2012, as Managing Director for their Asset Transactions group providing power generation investors and developers with technical and market consulting and advisory services and was promoted to Vice President in 2013 providing EPC services to Investor Owned Utilities. In 2009, he joined American Superconductor as Director of Global Sales and was promoted to Managing Director of the Americas and Australia in 2011. From 2000 to 2009, Mr. Kirby held significant leadership roles at General Electric in both GE Energy and GE Capital in product development, global sales, quality and project finance. In June 2016, Mr. Kirby was elected to the Board of Trustees of the Sea Research Foundation. Mr. Kirby previously served as a Director of Blade Dynamics, LLC from April to December 2011 and Schooner, Inc. from June to October 2012.
George's compensation has been consistent with company performance over the past year, both up more than 20%.
George's remuneration is higher than average for companies of similar size in Germany.
CFO, VP of Finance & Treasurer
General Counsel & Secretary
Board of Directors Tenure
Average tenure and age of the
Ocean Power Technologies
board of directors in years:
The tenure for the Ocean Power Technologies board of directors is about average.
Board of Directors
Independent Chairman of the Board
Independent Vice Chairman of the Board
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, Europe, Australia, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in remote offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and support services, such as innovation, remote monitoring, extended agreement, customization and pre-packaged payload option, engineering-design-testing, mooring design, and marine services. It offers electric power and real-time data communications for remote offshore and subsea applications in markets, such as oil and gas, defense and security, science and research, and communications. The company focuses on serving public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was founded in 1984 and is headquartered in Monroe Township, New Jersey.
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