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ONDS

Ondas Inc. Common Stock (ONDS) fair value

Technology · Communication Equipment · NASDAQ · United States
$6.20+2.99%
Market cap $3.6BNext earnings 2026-11-12Updated Oct 18, 2026
Add earnings to calendarGoogle
Our verdict
Trades 111% above our fair value
Price
$6.20
Model fair valueConfidence: medium
$2.94
Only one of our models could value this stock with confidence, so use it as a guide.
Not used by alerts or posts.
Valued as a cyclical company: EV/EBITDA comparison.
ACCE opinionOndas Inc. Common Stock (ONDS)
Fair value
Not available
ACCE price target
$6.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Price used: $6.20 at the close on 23 Oct 2026, 22:00 CEST.
Models: EV/EBITDA comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
46
out of 100
Analysts
100% buy
10 covering
1-year return
-12.2%
Dividend yield
0.00%

Ondas Inc. Common Stock in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Ondas Inc. makes private wireless networking gear, including its Ondas Networks radio platform for railways, utilities and industrial sites, plus drone and counter-drone systems through its Ondas Autonomous Systems and Airobotics units. Revenue growth of 1235.4% is the headline, but it reflects a small base being rebuilt through acquisitions, so the organic picture matters more than the optics. The 43.7% gross margin is respectable for hardware, yet the -166.3% operating margin shows the cost base is still far ahead of what the sales can carry. At a forward P/E of 45.0 against a 3.5B market cap, the market is pricing in a long runway of execution, and a 44/100 score says the current evidence doesn't yet justify that. Worth a deeper look only if you want to test whether operating leverage actually arrives as the acquired businesses are integrated.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 5 flagsAI-assisted·How I use AI
  • severe
    Short interest extremely high
    Short interest stands at 39.5% of the float, meaning a large share of shares are bet against, which can drive violent swings in either direction.
  • high
    Heavy insider selling, no buys
    Insiders sold $32.05M across the last 10 disclosed transactions and bought $0.00M, while insiders hold only 1.8% of shares.
  • high
    Cash burn with negative operating margin
    Free cash flow is -$40.9M and operating margin is -166.3%, so the company is consuming cash despite headline revenue growth of 1235.4% YoY.
  • moderate
    Score fell over 90 days
    The ACCE score dropped 5 points from 51 to 46 over 90 days, with the valuation component at just 19 out of 100.
  • moderate
    Price sits above ACCE target
    The stock trades at $6.20, 3.3% above the ACCE price target of $6.00, leaving little valuation cushion.

AI research notes

AI-assisted·How I use AIWritten Oct 24, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Revenue grew 1235.4% year over year, far above its 88.0% average annual pace over five years.
  • Debt is small against equity, with a debt to equity ratio of just 0.03.
Why it could disappoint
  • Free cash flow over the last twelve months was negative at -$41M, so the business is consuming cash.
  • Shares outstanding rose 217.2% in the last fiscal year, heavily diluting existing holders.
  • The latest quarter missed expectations, with earnings per share of -0.14 against -0.09 expected.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 12, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where ONDS's valuation models land
Price
$6.20
Model fair valueConfidence: medium
$2.94
Model
Fair value
Upside
EV/EBITDA comparison
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See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish100% buy · 10 covering analysts
● Strong buy 7● Buy 3● Hold 0● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+2.6%
1 month
-16.2%
3 months
-20.5%
6 months
-41.2%
YTD
-36.5%
1 year
-12.2%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
11 Oct 2026, 00:00 CESTACCE price target$6.00first publication$6.73

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth64Value19Quality74Momentum25Total46
Valuation
Trailing P/E
no data
Forward P/E
-310.0x
PEG
no data
P/B
2.74x
EV / Revenue
16.8x
Book value/sh
$2.96
Enterprise value
$2.9B
Profitability
ROE
19.3%
FCF yield
-1.17%
ROIC
-24.1%
Health and risk
Debt / equity
0.03
Dividend yield
0.00%
Beta
2.92

Price

-16.9% · 1Y

Ask anything about ONDS

Answered from Ondas Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
ROEbetter than 83% of peers
low 7%19%high 55%
Div yieldbetter than 33% of peers
low 0.0%0.0%high 1.3%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
ONDS Ondas Inc. Common Stock$6.20---19.3%7446
HUBN.SW Huber+Suhner AGCHF 155.00CHF 9858% above39.3x11.2%6338
BDC Belden Inc Common Stock$104.15$12617% below16.9x18.6%6457
EXTR Extreme Networks Inc. Common Stock$21.97$1821% above70.9x54.6%6565
DGII Digi International Inc. Common Stock$74.95$4089% above59.5x7.5%7574
2018.HK AAC Technologies Holdings Inc.HK$35.60HK$5131% below14.1x10.7%5153
HMS.ST HMS Networks AB (publ)kr 478.80kr 24496% above43.5x15.0%7948

Sector report card

Where ONDS ranks against its sector peers on each metric.

Computing percentiles…
  • PR Newswire•Aug 5, 2026
    Mistral Inc. and Uvision Receive an Additional Order Under U.S. Army Lethal Unmanned Systems Program
40 filings
October 2026
Oct 20
Form 4Insider transactionPeriod 2026-10-01
View on SEC →
Oct 13
8-KCurrent reportPeriod 2026-10-12
View on SEC →
September 2026
Sep 24
Form 4Insider transactionPeriod 2026-09-24
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR