Stocktoria

SANUWAVE Health, Inc. SNWV

Nasdaq · stock · Surgical & Medical Instruments & Apparatus · website · IPO 2008-11-07

SANUWAVE Health, Inc. statistics & valuation

Market cap$74.0M
P / E6.3×
P / S1.7×
P / B45.7×
P / FCF38.3×
Net margin26.8%
FCF margin4.4%
Net debt$9.9M
Net debt / EBITDA1.7×
Enterprise value USD$84.0M
EV / EBITDA14.2×
Earnings yield EBIT/EV5.9%
Return on capital25.4%
Graham number -76.1%$1.28

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($1.28); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-467.90% -749.90% -628.70% -682.30% -762.60% -209.50% -61.50% -126.50% -101.40% 26.80% 2016201720182019202020212022202320242025
Gross margin (%)
67.20% 62.50% 32.00% 71.40% 61.70% 74.10% 70.40% 75.20% 77.10% 2016201720182019202020212022202320242025
Operating margin (%)
-241.00% -517.80% -388.10% -575.30% -621.10% -108.70% -53.50% -2.60% 11.80% 11.20% 2016201720182019202020212022202320242025
Return on equity (%)
729.60% 2016201720182019202020212022202320242025
Shares outstanding
137.2M 139.3M 155.7M 293.8M 470.7M 518.4M 549.5M 3.0M 8.5M 9.1M 2016201720182019202020212022202320242025
Net debt ($)
$5.2M $14.3M $25.6M $9.9M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-640.80% -433.10% -987.60% -308.40% -134.40% -146.40% -51.80% -115.10% -109.80% 31.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-233.30% -207.00% -198.10% -422.90% -314.80% -53.30% -22.20% 6.00% 4.40% 2016201720182019202020212022202320242025
Debt / equity (×)
13.52× 2016201720182019202020212022202320242025
EPS ($)
-$0.05 -$0.08 -$0.05 -$0.02 -$12.19 -$7.41 $0.41 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin77.1%75.2%70.4%74.1%61.7%71.4%32.0%62.5%67.2%—
Operating margin11.2%11.8%-2.6%-53.5%-108.7%-621.1%-575.3%-388.1%-517.8%-241.0%
Net margin26.8%-101.4%-126.5%-61.5%-209.5%-762.6%-682.3%-628.7%-749.9%-467.9%
FCF margin4.4%6.0%-22.2%—-53.3%-314.8%-422.9%-198.1%-207.0%-233.3%
Return on assets31.6%-109.8%-115.1%-51.8%-146.4%-134.4%-308.4%-987.6%-433.1%-640.8%
Return on equity729.6%209.5%57.9%25.1%70.0%225.5%103.6%75.7%56.0%93.2%
Debt / equity13.52×———-0.67×-1.22×———-0.78×
Current ratio1.380.410.150.110.080.220.200.070.110.12

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.