ONDS · Ondas Holdings Inc.Ondas Holdings Inc.
📋 Trump administration is funding US drone manufacturers through Pentagon's Strategic Capital Office, with an $1
Trump administration is funding US drone manufacturers through Pentagon's Strategic Capital Office, with an $1.1B program targeting 300k attack drones by 2027. Multiple companies across direct beneficiaries and supply chain stand to benefit.
Evidence & details
- +ONDS forward EV/revenue multiple ~28x, while AVAV was 8-9x and in Replicator program
- +AIRO was at ~2.5x forward P/S when bought
- +DPRO might be at 2.8x from some revenue calculations
- ⚡Potential multiple compression for ONDS as peers trade at lower multiples
- ⚡Replicator program involvement for AVAV and AIRO
- −Personal opinion, not a formal analysis
- −Multiples may vary
- −Drones sector volatility
Chart
Post Timeline · 1 posts
@bennybigbull Personally speaking, I feel like $ONDS is richly priced compared to other drone companies. I have $AVAV, $DPRO, $KTOS, and $AIRO for drone exposure. (Just going off the top of my head, dont take this too literally) Fwd EV/revenue multiples was ~28s+ now for Onda…
Thesis: ONDS is richly priced compared to other drone companies (AVAV, DPRO, KTOS, AIRO) based on forward EV/revenue multiples. Other drone companies offer higher upside.
Overview of 10 thematic investments for 2026, focusing on evolution, disruption, and bottlenecks in soft robotics, silicon photonics (InP bottleneck), glass substrates, money movement (disruption to card networks), AI cloud layers, LLM cybersecurity, LEO space infrastructure, consumer agentic workflows, distributed computing latency, and copper interconnect life extension. Expresses bullish views on specific companies and bearish on incumbent payment networks Visa and Bank of America.
source ↗A comprehensive set of stock ratings for 2026, focusing on recovery plays from tax-loss harvesting and sector tailwinds in AI, semiconductors, data centers, and defense, while avoiding overvalued quantum and retail names.
source ↗ONDS is richly priced compared to other drone companies (AVAV, DPRO, KTOS, AIRO) based on forward EV/revenue multiples. Other drone companies offer higher upside.
source ↗$ONDS has a 28 P/S ratio vs $AIRO's 2.5, indicating it is richly priced, but standalone $ONDS is still a justified pick.
source ↗Despite tariff panic, fundamental buildout in defense, AI, and domestic hardware remains unchanged, presenting a valuation opportunity.
source ↗Personal stock ratings with detailed commentary: Strong Buy on 14 stocks (SNAP, META, MU, TSM, etc.) citing catalysts like memory supercycle, bottlenecks, and AI tailwinds. Buy on 32 stocks including COIN, SMCI, GOOGL, and several crypto and drone plays. Questionable on VELO and SKYT due to weak fundamentals. Avoid on 11 stocks (UAVS, BKKT, PLTR, etc.) due to dilution, high debt, or overvaluation. Overall bullish on AI, memory, bottlenecks, made-in-America supply chains, and defense, with a long-term view until after midterms.
source ↗Market liquidation cascades from silver crash and hawkish Fed nomination fears, but overall fundamentals remain bullish with expected rate cuts and AI growth. Recommend repositioning to FCF-generating names and being cautious on speculative high-beta names.
source ↗Trump administration is funding US drone manufacturers through Pentagon's Strategic Capital Office, with an $1.1B program targeting 300k attack drones by 2027. Multiple companies across direct beneficiaries and supply chain stand to benefit.
source ↗