Audax Renovables SA (ES:ADX)
BME:ADX
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Audax Renovables SA
(BME:ADX)
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Rating:48Neutral
Price Target:
€1.50
▲(8.70% Upside)
Action:ReiteratedDate:03/02/26
The score is held down primarily by weakening 2025 financial performance—margin compression, lower earnings, minimal free cash flow, and still-elevated leverage. Technicals provide some support (price above shorter-term averages), while valuation is balanced by a solid dividend yield but an elevated P/E.
Positive Factors
Integrated retail supply and renewable generation
The combination of retail energy supply and owned renewable generation creates diversified, recurring revenue streams and partial vertical integration. This structural mix supports supply security, hedging flexibility and multiple margin sources over the medium term, cushioning commodity swings.
Negative Factors
Three-year revenue decline and margin compression
Sustained top-line contraction and halving of gross margins are structural concerns: they reduce headroom to cover fixed costs and service debt, limit investment capacity, and signal competitive or pricing pressures that may persist absent product or market fixes.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated retail supply and renewable generation
The combination of retail energy supply and owned renewable generation creates diversified, recurring revenue streams and partial vertical integration. This structural mix supports supply security, hedging flexibility and multiple margin sources over the medium term, cushioning commodity swings.
Read all positive factors
Audax Renovables SA (ADX) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€634.80M
Dividend Yield5.2%
Average Volume (3M)333.65K
Price to Earnings (P/E)―
Beta (1Y)0.43
Revenue Growth3.59%
EPS Growth-29.28%
CountryES
Employees685
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)N/A
Shares Outstanding453,430,800
10 Day Avg. Volume380,537
30 Day Avg. Volume333,649
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)2.95
Price to Sales (P/S)0.33
P/FCF Ratio353.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.11
Revenue Forecast (FY)€1.89B
Audax Renovables SA Business Overview & Revenue Model
Company Description
Audax Renovables, S.A. engages in the generation and supplying of renewable electricity and gas in Spain, Portugal, Italy, Poland, Germany, the Netherlands, Polonia, France, and Panama. The company generates electricity primarily through wind and ...
How the Company Makes Money
Audax Renovables generates revenue primarily through the sale of electricity produced from its renewable energy assets, including wind and solar farms. The company benefits from long-term power purchase agreements (PPAs) with various customers, wh...
Audax Renovables SA Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
42
Neutral
Cash Flow
33
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.88B | 1.98B | 2.29B | 2.63B | 1.68B |
| Gross Profit | 100.52M | 229.66M | 229.56M | 136.73M | 114.47M |
| EBITDA | 100.03M | 144.81M | 99.83M | 67.15M | 49.22M |
| Net Income | 19.59M | 60.56M | 29.03M | 3.54M | -1.72M |
Balance Sheet | |||||
| Total Assets | 1.36B | 1.37B | 1.30B | 1.32B | 1.35B |
| Cash, Cash Equivalents and Short-Term Investments | 294.88M | 324.99M | 310.84M | 250.59M | 327.28M |
| Total Debt | 611.12M | 600.11M | 605.62M | 664.07M | 789.53M |
| Total Liabilities | 1.13B | 1.15B | 1.12B | 1.18B | 1.20B |
| Stockholders Equity | 210.50M | 210.51M | 161.22M | 122.43M | 132.40M |
Cash Flow | |||||
| Free Cash Flow | 1.76M | 17.69M | 109.39M | 104.57M | -113.19M |
| Operating Cash Flow | 51.23M | 74.19M | 140.51M | 151.25M | -74.05M |
| Investing Cash Flow | 23.50M | -58.92M | -34.94M | -44.01M | -115.08M |
| Financing Cash Flow | -30.34M | -16.69M | -81.31M | -145.46M | 65.04M |
Audax Renovables SA Technical Analysis
Positive
1.38
Price Trends
1.30
Positive
1.31
Positive
1.36
Negative
Market Momentum
0.01
Negative
58.36
Neutral
73.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:ADX, the sentiment is Positive. The current price of 1.38 is above the 20-day moving average (MA) of 1.28, above the 50-day MA of 1.30, and above the 200-day MA of 1.36, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 58.36 is Neutral, neither overbought nor oversold. The STOCH value of 73.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:ADX.
Audax Renovables SA Peers Comparison
UnderperformOutperform
Sector (66)
ES:ADX
Audax Renovables SA
1.40
-0.03
-2.37%
ES:SLR
Solaria Energia y Medio Ambiente
23.50
16.59
240.09%
ES:ANE
Corporacion Acciona Energias Renovables SA
21.02
4.60
28.05%
ES:HLZ
Holaluz Clidom SA
0.84
-0.46
-35.38%
ES:ENER
Grupo Ecoener SAU
4.58
-0.02
-0.43%
ES:ETC
Energy Solar Tech, S.A.
2.47
0.05
2.07%
Audax Renovables SA Corporate Events
Audax Renovables Sets Date for 2025 Results Release and Investor Presentation
Feb 19, 2026
Audax Renovables has announced that it will publish its financial results for the 2025 fiscal year on 26 February 2026 before the Spanish market opens, followed by a results presentation later that morning led by its chairman and key members of th...
Audax Renovables Advances Share Buy-Back, Acquires Over 20% of Authorised Volume
Jan 27, 2026
Audax Renovables has reported the latest tranche of transactions under its ongoing share buy-back programme, detailing purchases of its own shares on the Madrid Stock Exchange (XMAD) between 19 and 23 January 2026 at average prices around €1...
Audax Renovables Pauses Share Buyback During Blackout Period, Plans Full Resumption Afterward
Jan 27, 2026
Audax Renovables has temporarily suspended its ongoing share buyback programme during the legally defined blackout period between 26 January and 26 February 2026, citing prudence, but intends to automatically resume the programme afterwards under ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.