Financial Analysis: Montauk Renewables (NASDAQ:MNTK) & Eco Wave Power Global AB (publ) (NASDAQ:WAVE)

Eco Wave Power Global AB (publ) (NASDAQ:WAVEGet Free Report) and Montauk Renewables (NASDAQ:MNTKGet Free Report) are both small-cap energy companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, valuation, profitability, institutional ownership, earnings, risk and analyst recommendations.

Institutional & Insider Ownership

0.6% of Eco Wave Power Global AB (publ) shares are owned by institutional investors. Comparatively, 16.4% of Montauk Renewables shares are owned by institutional investors. 54.3% of Montauk Renewables shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Analyst Ratings

This is a summary of recent recommendations and price targets for Eco Wave Power Global AB (publ) and Montauk Renewables, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Eco Wave Power Global AB (publ) 1 0 0 0 1.00
Montauk Renewables 1 4 0 0 1.80

Montauk Renewables has a consensus target price of $1.80, suggesting a potential upside of 14.36%. Given Montauk Renewables’ stronger consensus rating and higher possible upside, analysts clearly believe Montauk Renewables is more favorable than Eco Wave Power Global AB (publ).

Profitability

This table compares Eco Wave Power Global AB (publ) and Montauk Renewables’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Eco Wave Power Global AB (publ) N/A -66.77% -46.75%
Montauk Renewables 0.40% 0.28% 0.17%

Earnings & Valuation

This table compares Eco Wave Power Global AB (publ) and Montauk Renewables”s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Eco Wave Power Global AB (publ) $40,000.00 1,442.48 -$3.70 million ($0.68) -14.53
Montauk Renewables $180.21 million 1.24 $1.75 million $0.02 78.70

Montauk Renewables has higher revenue and earnings than Eco Wave Power Global AB (publ). Eco Wave Power Global AB (publ) is trading at a lower price-to-earnings ratio than Montauk Renewables, indicating that it is currently the more affordable of the two stocks.

Risk and Volatility

Eco Wave Power Global AB (publ) has a beta of -0.46, meaning that its share price is 146% less volatile than the S&P 500. Comparatively, Montauk Renewables has a beta of 0.47, meaning that its share price is 53% less volatile than the S&P 500.

Summary

Montauk Renewables beats Eco Wave Power Global AB (publ) on 12 of the 13 factors compared between the two stocks.

About Eco Wave Power Global AB (publ)

(Get Free Report)

Eco Wave Power Global AB (publ), a wave energy company, engages in the development of a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity. The company also holds various agreements comprising power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts. It has operations in the United States, Sweden, Israel, the British Overseas Territory of Gibraltar, Greece, Portugal, China, Australia, and internationally. The company was formerly known as EWPG Holding AB (publ) and changed its name to Eco Wave Power Global AB (publ) in June 2021. Eco Wave Power Global AB (publ) was founded in 2011 and is headquartered in Tel Aviv-Yafo, Israel.

About Montauk Renewables

(Get Free Report)

Montauk Renewables, Inc., a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid. Its customers for RNG and renewable identification numbers (RIN) include large, long-term owner-operators of landfills and livestock farms, local utilities, and large refiners in the natural gas and refining sectors. Montauk Renewables, Inc. was founded in 1980 and is headquartered in Pittsburgh, Pennsylvania.

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