OSS is undervalued at 8.3x P/S vs ONDS at 144x P/S; multiple expansion to 30-50x P/S would yield 3.6-6x returns without revenue growth.
OSS trades at a significant multiple discount to ONDS despite similar revenue scale; multiple expansion alone provides multibagger potential.
$OSS trades at 8.3x P/S. $ONDS trades at 144x P/S. That's a 17x multiple difference for companies with nearly identical revenue scale. If $OSS rerates to just 30x P/S(still onefifth of $ONDS): $900M market cap on current revenue = 3.6x return. At 50x P/S (one-third of $ONDS): $1.5B market cap = 6x return. The multiple expansion case alone is a multibagger without any revenue growth.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +3.5% | +3.9% |
| 1 week | -4.6% | -2.3% |
| 1 month | -24.3% | -22.5% |
| 3 months | -21.6% | -20.5% |
| 6 months | +15.0% | +7.0% |