SANUWAVE Health, Inc.

SANUWAVE Health, Inc.

SNWVยทNASDAQ

$15.60

+1.3%
HealthcareMedical - Devices

SANUWAVE Health, Inc., a shock wave technology company, researches, develops, and commercializes noninvasive, high-energy, and acoustic shock waves for regenerative medicine and other applications in the United States and internationally. Its shockwaves are used to produce a biological response resulting in the body healing itself through the repair and regeneration of tissue, musculoskeletal, and vascular structures. The company's lead regenerative product is the dermaPACE device for treating diabetic foot ulcers. Its portfolio of healthcare products and product candidates activate biologic signaling and angiogenic responses, including new vascularization and microcirculatory improvement, which helps to restore the body's normal healing processes and regeneration. The company also focuses on applying its Pulsed Acoustic Cellular Expression technology in wound healing, orthopedic, plastic/cosmetic, and cardiac conditions. In addition, it offers UltraMIST, non-contact and non-thermal ultrasound therapy device used to treat diabetic foot ulcers, pressure ulcers, venous leg ulcers, deep tissue pressure injuries, and surgical wounds; and orthoPACE system to treat tendinopathies and acute and nonunion fractures. The company was founded in 2005 and is headquartered in Suwanee, Georgia.

At a Glance

Live Snapshot
Market Cap$134.14M
EPS1.3800
P/E Ratio11.30
Earnings Date08/14/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is compressed (P/E 11.3).

Valuation inputs: P/E 11.3, earnings yield +8.8%, momentum +1.3%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +7.3%, ROIC +19.4%).

Profitability stack: net margin +26.8%, ROE +7.3%, ROIC +19.4%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +95.7%, momentum +1.3%, net margin +26.8%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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SANUWAVE Health, Inc. Market vs Earnings Trajectory

SNWV ยท NASDAQ

Loading price and EPS data...

SANUWAVE Health, Inc.

SANUWAVE Health, Inc. Fair Value Envelope

SNWV ยท NASDAQ

Our analysis suggests that SNWV has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $15.6, this represents a potential HIDDEN relative to our calculated worth for SANUWAVE Health, Inc..

Intrinsic Value
Current Price: $15.6
3Y-120.0%
5Y-104.0%
10Y-2400.0%
3Y+163.0%
5Y+986.0%
10Y+3101.0%
3Y-215.0%
5Y-138.0%
10Y-283.0%
3Y-123.0%
5Y-130.0%
10Y-221.0%
3Y-112.0%
5Y-115.0%
10Y-160.0%
3Y+88.0%
5Y+62.0%
10Y+3616.0%
SANUWAVE Health, Inc.

SANUWAVE Health, Inc. Profit Bridge

SNWV ยท NASDAQ
Revenue44.05M
Cost of Goods Sold (10.96M)
Gross Profit33.09M
Operating Expenses (28.14M)
Operating Income4.95M
Interest Expense (6.25M)
Other Income/Expense6.95M
Pretax Income11.90M
Income Tax (86.00K)
Net Income11.81M
Net Income
11.81M

Profitability Analysis

Gross Margin

75.1%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

11.2%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

26.8%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

0.7%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

75.12%
Gross Profit Margin
3Y+1.0%
5Y+5.0%
10Y+27.0%
11.23%
Operating Profit Margin
-32%
3Y-121.0%
5Y-102.0%
10Y-105.0%
26.82%
Net Profit Margin
-128%
3Y-144.0%
5Y-104.0%
10Y-106.0%
729.65%
Return on Equity
196%
3Y+2807.0%
5Y+224.0%
10Y+683.0%
31.63%
Return on Assets
-130%
3Y-161.0%
5Y-124.0%
10Y-105.0%
19.41%
Return on Invested Capital
-53%
3Y-96.0%
5Y-103.0%
10Y-94.0%
SNWV

SANUWAVE Health, Inc. Cash Conversion Engine

SNWV ยท NASDAQ
Net Income0.00
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital-4.01M
Others7.89M
Capital Expenditures-1.94M
Free Cash Flow1.93M

Cash Flow Quality Analysis

CapEx Intensity

50.1%

Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.

FCF Growth Trend

-1.6%

Flat FCF growth. Stable but not expandingโ€”monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

-$4.01M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

snwv

SANUWAVE Health, Inc. Funding & Solvency Profile

SNWV ยท NASDAQ
Cash & Cash Equivalents10.78M
Net Receivables6.00M
Inventory5.90M
Other Current Assets1.27M
Total Current Assets24 M
Property, Plant & Equipment2.90M
Goodwill & Intangible Assets10.18M
Long-Term Investments0.00
Other Non-Current Assets58.00K
Total Non-Current Assets3 M
Total Assets
37.10M

Financial Health Analysis

Current Ratio

1.31x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

19.18x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

6 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

65% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

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SANUWAVE Health, Inc. Street Expectations Map

SNWV ยท NASDAQ

Wall Street analysts project that SNWV stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 54.00, with estimates ranging from a low of 53.00 to a high of 55.00.

Lowest Target
53.00
239.74%
Consensus Target
54.00
246.15%
Highest Target
55.00
252.56%

The consensus 1-year price target stands at 54.00, with estimates ranging from a low of 53.00 to a high of 55.00.

Analyst Consensus Analysis

Upside Potential

+246.2%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

3.7% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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SANUWAVE Health, Inc. Insider Positioning

SNWV ยท NASDAQ

During the last 12 months, insiders have purchased $303K and sold $6.95M worth of SNWV shares, resulting in $6.65M of net selling activity.

3 Months

Bought

0

0.00

Sold

112.7K

2.00M

Net Activity

-2.0M

-$2.00M

3-6 Months

Bought

0

0.00

Sold

162.8K

4.95M

Net Activity

-4.9M

-$4.95M

6-9 Months

Bought

1.3K

38.36K

Sold

0

0.00

Net Activity

+38K

+$38K

9-12 Months

Bought

8.1K

265.08K

Sold

529

11.90K

Net Activity

+253K

+$253K

Top Buyers

1
MID

Miller Ian D.

Director

1.8K sharesโ€ข1 transactions

$58K

2
TJ

Tyler James

Director

1.6K sharesโ€ข1 transactions

$52K

3
BGM

Bazar Gregory Matthew

Director

1.6K sharesโ€ข1 transactions

$52K

4
FMC

Frank Morgan C.

Director, 10 Percent Owner, Officer: Chief Executive Officer

1.6K sharesโ€ข1 transactions

$52K

5
BJ

Blizard Jeffrey

Director

1.6K sharesโ€ข1 transactions

$52K

Top Sellers

1
MMCL

Manchester Management Co Llc

Other: Director By Deputization

162.8K sharesโ€ข5 transactions

$4.95M

2
OMI

Opaleye Management Inc.

10 Percent Owner

112.7K sharesโ€ข6 transactions

$2.00M

3
SP

Stegagno Peter

Officer: Chief Operating Officer

529 sharesโ€ข1 transactions

$12K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $6.65M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.04:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$2.00M

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

Moderate Buying

5 insider buyers vs. 3 sellers. More insiders buying than selling indicates positive sentiment.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

No Dividend Yield Data

SNWV has not reported any dividend yield values in the available annual periods.

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snwv Dividend History

SNWV
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%