ONDS Stock Analysis: Ondas Holdings | NASDAQ
Communication Equipment | NASDAQ, USA | Market Cap: 4.188m USD | 12M Return: 320.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 524M
Qual. Beats: 0
Rev. Trend: 70.4%
Qual. Beats: 3
Warnings
Tailwinds
Seasonality 7.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Ondas Inc. (ONDS) operates in the Information Technology sector (Electronic Equipment & Instruments sub-industry), providing private wireless, drone, and automated data solutions through two segments: Ondas Networks and Ondas Autonomous Systems. Its Autonomous Systems segment spans counter-UAS platforms (Iron Drone Raider, Sentrycs), autonomous surveillance drones (Optimus), tactical ground robotics (Roboteam), demining support (4M Defense), loitering munition systems, and autonomy software (Apeiro Motion)-placing the company in the rapidly growing defense and homeland security robotics market. Its Networks segment is anchored by the FullMAX Software-Defined Radio (SDR) platform, a patented wide-area broadband technology for mission-critical communications, supplemented by licensing/royalties, maintenance agreements, and engineering services. End markets include rail, electric utilities, oil and gas, public safety, government, and industrial applications. The company was incorporated in 2014, is headquartered in West Palm Beach, Florida, and was renamed from Ondas Holdings Inc. to Ondas Inc. in January 2026.
- Counter-drone defense demand accelerates Ondas Autonomous Systems bookings
- Rail and utility FullMAX contracts drive Networks segment revenue growth
- Acquisition dilution and integration costs pressure near-term margins
| Net Income: 245.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 46.22 > 1.0 |
| NWC/Revenue: 1.53k% < 20% (prev -64.91%; Δ 1.60k% < -1%) |
| CFO/TA -0.03 > 3% & CFO -83.4m > Net Income 245.1m |
| Net Debt (-1.07b) to EBITDA (259.0m): -4.13 < 3 |
| Current Ratio: 10.91 > 1.5 & < 3 |
| Outstanding Shares: last quarter (461.7m) vs 12m ago 339.7% < -2% |
| Gross Margin: 44.85% > 18% (prev 20.60%; Δ 24.25% > 0.5%) |
| Asset Turnover: 7.57% > 50% (prev 10.34%; Δ -2.77% > 0%) |
| Interest Coverage Ratio: 80.71 > 6 (EBIT TTM 245.8m / Interest Expense TTM 3.05m) |
| A: 0.60 (Total Current Assets 1.63b - Total Current Liabilities 149.3m) / Total Assets 2.45b |
| B: -0.00 (Retained Earnings -5.44m / Total Assets 2.45b) |
| C: 0.19 (EBIT TTM 245.8m / Avg Total Assets 1.28b) |
| D: 0.79 (Book Value of Equity 1.07b / Total Liabilities 1.37b) |
| Altman-Z'' = 6.08 = AAA |
| DSRI: 1.64 (Receivables 61.3m/4.19m, Revenue 96.6m/10.8m) |
| GMI: 0.46 (GM 20.60% / 44.85%) |
| AQI: 0.63 (AQ_t 0.33 / AQ_t-1 0.52) |
| SGI: 8.93 (Revenue 96.6m / 10.8m) |
| TATA: 0.13 (NI 245.1m - CFO -83.4m) / TA 2.45b) |
| Beneish M = 2.49 (Cap -4..+1) = D |
As of July 09, 2026, the stock is trading at USD 7.52 with a total of 60,807,054 shares traded. Over the past week, the price has changed by -8.74%, over one month by -26.99%, over three months by -20.42% and over the past year by +320.11%.
Current recommended Stop Loss: 6.50 (which is 13.6% or 1.3 ATR below the current price).
Ondas Holdings has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy ONDS.
- StrongBuy: 3
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 19.8 | 163.4% |
P/E Trailing = 91.875
P/E Forward = 42.3729
P/S = 43.355
P/B = 3.6555
Revenue TTM = 96.6m USD
EBIT TTM = 245.8m USD
EBITDA TTM = 259.0m USD
Long Term Debt = 3.60m USD (from longTermDebt, last quarter)
Short Term Debt = 4.27m USD (from shortTermDebt, last quarter)
Debt = 11.4m USD (from shortLongTermDebtTotal, last quarter) + Leases 3.50m
Net Debt = -1.07b USD (calculated: Debt 11.4m - CCE 1.08b)
Enterprise Value = 3.12b USD (4.19b + Debt 11.4m - CCE 1.08b)
Interest Coverage Ratio = 80.71 (Ebit TTM 245.8m / Interest Expense TTM 3.05m)
EV/FCF = 10.81x (Enterprise Value 3.12b / FCF TTM 288.4m)
FCF Yield = 9.25% (FCF TTM 288.4m / Enterprise Value 3.12b)
FCF Margin = 298.5% (FCF TTM 288.4m / Revenue TTM 96.6m)
Net Margin = 253.7% (Net Income TTM 245.1m / Revenue TTM 96.6m)
Gross Margin = 44.85% ((Revenue TTM 96.6m - Cost of Revenue TTM 53.3m) / Revenue TTM)
Gross Margin QoQ = 49.20% (prev 42.28%)
Tobins Q-Ratio = 1.27 (Enterprise Value 3.12b / Total Assets 2.45b)
Interest Expense / Debt = 26.80% (Interest Expense 3.05m / Debt 11.4m)
Taxrate = 0.82% (2.00m / 242.7m)
NOPAT = 243.8m (EBIT 245.8m * (1 - 0.82%))
Current Ratio = 9.81 (Total Current Assets 1.63b / Total Current Liabilities 166.0m)
Debt / Equity = 0.01 (Debt 11.4m / totalStockholderEquity, last quarter 1.07b)
Debt / EBITDA = -4.13 (Net Debt -1.07b / EBITDA 259.0m)
Debt / FCF = -3.71 (Net Debt -1.07b / FCF TTM 288.4m)
Total Stockholder Equity = 522.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 19.21% (Net Income 245.1m / Total Assets 2.45b)
RoE = 46.94% (Net Income TTM 245.1m / Total Stockholder Equity 522.1m)
RoCE = 46.76% (EBIT 245.8m / Capital Employed (Equity 522.1m + L.T.Debt 3.60m))
RoIC = 10.61% (NOPAT 243.8m / Invested Capital 2.30b)
WACC = 11.75% (E(4.19b)/V(4.20b) * Re(11.71%) + D(11.4m)/V(4.20b) * Rd(26.80%) * (1-Tc(0.01)))
Discount Rate = 11.71% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 144.2%
[DCF] Terminal Value 64.50% ; FCFF base≈288.4m ; Y1≈289.5m ; Y5≈306.7m
[DCF] Fair Price = 7.18 (EV 3.02b - Net Debt -1.07b = Equity 4.09b / Shares 569.8m; r=11.75% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.36 | # QB: 0
Revenue Correlation: 70.38 | Revenue CAGR: 84.66% | SUE: 4.0 | # QB: 3
EPS current Quarter (2026-06-30): EPS=-0.07 | Chg30d=-16.67% | Revisions=-25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=-0.06 | Chg30d=-20.00% | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=-0.18 | Chg30d=-28.57% | Revisions=+25% | GrowthEPS=+0.3% | GrowthRev=+936.1%
EPS next Year (2027-12-31): EPS=-0.03 | Chg30d=+40.00% | Revisions=+25% | GrowthEPS=+83.3% | GrowthRev=+92.3%