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SANUWAVE Health, Inc (SNWV) Fair Value & Analysis

Healthcare · US · Market cap $77.5M

SH SANUWAVE Health, Inc logo SANUWAVE Health, Inc SNWV · US
Price$5.88
Fair Value$7.53
Upside+28.1%
Quality55/100
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Expensive Growth
Highly profitable · 37.2% net margin
High debt · generates free cash flow
Mixed vs. peers (7/13)
Moderate moat 47/100
Evidence: High Range $5.37 – $9.68 Share as image

Fair value as of: Jul 19, 2026

From 24 valuation models · updated 22 days ago

Share price −41.8% over the past month.

A solid business, screening 28% undervalued on our models.

What matters now

  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range ($5.37 to $9.68) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$76.88 $0.5250 Fair Value $7.53 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range $0.5250 – $76.88 · fair‑value band $5.37 – $9.68 · the $5.88 price screens below the $7.53 fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

SANUWAVE Health, Inc (SNWV) currently trades at $5.88, while our model-based Fair Value estimate is $7.53, implying the stock looks roughly 28.1% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, SANUWAVE Health, Inc generated revenue of $44.3M at a net margin of 37.2%. Revenue grew 3.1% year over year. Net debt stands at $11.0M. The stock trades on a trailing P/E of 9.4. Fundamentals as of Jul 19, 2026

Our scenario range runs from $5.37 (bear case) to $9.68 (bull case); at $5.88, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Healthcare peers we cover trades at -22% fair-value upside, at 28%, SNWV screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $1.99 $3.52 $5.92 80
Rev-Margin DCF $4.57 $9.11 $18.57 74
ROIC Compounder $3.75 $4.99 $6.35 72
All 24 models by family
DCF Models
FCF DCF $2.16 $3.23 $6.35 38
Owner Earnings $13.92 $27.84 $52.13 31
5Y Revenue Exit $4.06 $7.91 $16.01 39
5Y EBITDA Exit $5.35 $10.52 $20.67 41
5Y P/E Exit $15.09 $38.34 $70.67 38
10Y Revenue Exit $3.16 $8.44 $12.08 36
10Y EBITDA Exit $4.14 $10.81 $22.73 37
10Y P/E Exit $10.22 $28.67 $60.25 35
Earnings-Based
Graham-Dodd $9.34 $65.15 $91.42 54
Lynch FV $33.66 $48.08 $62.51 50
PEG = 1.0 $33.66 $48.08 $62.51 46
EPV $3.19 $3.63 $3.99 59
Multiples
P/E Multiple $22.67 $30.22 $37.78 63
P/S Multiple $13.45 $17.93 $22.41 58
P/B Multiple $0.6400 $0.8500 $1.06 55
EV/EBIT $6.82 $9.27 $11.71 53
EV/EBITDA $7.10 $9.63 $12.17 54
EV/Revenue $4.73 $6.97 $9.21 43
Asset-Based
NCAV (Graham) $0.0900 $0.1300 $0.1900 50
Growth DCF
Growth DCF $1.99 $3.52 $5.92 80
Rev-Margin DCF $4.57 $9.11 $18.57 74
Economic Profit
Residual Income $0.8200 $1.39 $26.61 61
ROIC Compounder $3.75 $4.99 $6.35 72
Growth Earnings
Growth-Adj P/E $44.68 $63.83 $82.97 68

Widest divergence: Growth Earnings ($63.83) versus Asset-Based ($0.1300). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $44.3M
Revenue growth (YoY) +3.1%
Net margin 37.2%
Free cash flow $1.9M FY2025
P/E ratio 9.4
Operating margin -11.7%
More key figures
EPS (TTM) $0.9600
EPS growth (YoY) -99.6%
Net debt $11.0M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 54 · Market factors (momentum, volatility) 5

Profitability 98
Margins and returns on capital today
Quality Growth 93
Are margins and returns improving?
Cashflow 24
Earnings quality: real cash, not paper profit
Fin. Strength 21
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 18
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 50
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

SANUWAVE Health, Inc. operates as a medical device company in the United States and internationally. It focuses on the commercialization of regenerative medicines through noninvasive ultrasound or shockwaves to produce a biological response promoting the repair and regeneration of tissue, musculoskeletal, and vascular structures.

Full company description

SANUWAVE Health, Inc. operates as a medical device company in the United States and internationally. It focuses on the commercialization of regenerative medicines through noninvasive ultrasound or shockwaves to produce a biological response promoting the repair and regeneration of tissue, musculoskeletal, and vascular structures. The company markets UltraMist system, a medical device that uses non-thermal ultrasound to treat tissues using a fluid mist to transmit energy in a non-contact and pain free way for use in the treatment of acute and chronic wounds. The company was founded in 2004 and is headquartered in Eden Prairie, Minnesota.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SANUWAVE Health, Inc reported revenue of $44.1M in FY2025 versus $13.0M in FY2021, a compound +35.6%/yr. Reported net income was $11.8M in FY2025.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$44.1M
Latest YoY
+35.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+38.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+61.1%
Avg. growth/yr (16Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+30.0%
Revenue +35.6%/yr
FY21 $13.0M
FY22 $16.7M
FY23 $20.4M
FY24 $32.6M
FY25 $44.1M
Net income
FY21 −$27.3M
FY22 −$10.3M
FY23 −$25.8M
FY24 −$31.4M
FY25 $11.8M

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Cite: Fair Value Calculator (2026). "SANUWAVE Health, Inc Fair Value". https://www.fairvalue-calculator.com/stock/SNWV

Peer Group

Medical Devices · 352 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 55 · Above median
Fair Value upside +28% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 37% · Top 25%
Operating margin (TTM) -12% · Below median
Revenue growth 3% · Below median
Debt / equity 10.08× · Higher than 75% of peers

Valuation Multiples vs Medical Devices median · lower = cheaper

P/E (TTM) 9.4× · Cheaper than 75% of peers
P/B 47.85× · Pricier than 75% of peers
P/S (TTM) 1.75× · Cheaper than median
P/FCF 40.1× · Pricier than 75% of peers
EV/EBITDA 14.0× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 71 · sector 0
FUTURE 16 · sector 29
PAST 0 · sector 8
HEALTH 0 · sector 97
DIVIDEND 0 · sector 38

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $100.68 $74.79 -26%
Stryker Corporation SYK $316.44 $186.28 -41%
Medtronic plc MDT $83.56 $65.57 -22%
Boston Scientific Corporation BSX $43.04 $38.44 -11%
Edwards Lifesciences Corporation EW $85.73 $41.02 -52%
Siemens Healthineers AG SHL €34.59 €33.87 -2%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥149.43 ¥147.63 -1%
Shanghai United Imaging Healthcare Co 688271 ¥109.00 ¥43.60 -60%
Demant A/S DEMANT kr 276.60 kr 161.17 -42%
Getinge AB GETIB kr 206.80 kr 192.14 -7%

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Frequently asked questions

Is SANUWAVE Health, Inc (SNWV) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of $7.53 versus a price of $5.88, about +28% (undervalued).
What is the fair value of SNWV?
Our model-based fair value for SANUWAVE Health, Inc is $7.53 (as of Jul 19, 2026), built from audited fundamentals. The current price is $5.88.
What is the quality score of SNWV?
SANUWAVE Health, Inc has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of SANUWAVE Health, Inc (SNWV)?
SANUWAVE Health, Inc reported trailing-twelve-month revenue of about $44.3M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of SNWV?
The net profit margin of SANUWAVE Health, Inc is about 37.2%, meaning it keeps roughly 37.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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