Wallbox N.V. (WBX)
NYSE:WBX
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Wallbox
(NYSE:WBX)
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Rating:43Neutral
Price Target:
$2.50
▼(-16.94% Downside)
Action:ReiteratedDate:01/07/26
The score is primarily constrained by weak financial performance (continued losses, negative free cash flow, and high leverage with declining equity). Technicals also remain broadly bearish (below key longer-term moving averages with negative MACD). Earnings-call execution showed some improvement in margins and cost control, but revenue weakness and debt-related risk keep the outlook pressured, while valuation is also limited by unprofitability and no dividend support.
Positive Factors
DC fast-charging growth
Sustained double-digit growth in DC (fast) charging reflects structural demand for faster public and commercial charging. Higher-margin DC products and Supernova traction diversify revenue mix, improve average selling prices and support longer-term margin expansion if scale continues.
Negative Factors
High leverage and shrinking equity
Substantial leverage and a shrinking equity base constrain financial flexibility, increase refinancing and covenant risk, and raise the likelihood of future dilution or costly financing. This structural capital weakness limits the firm's ability to invest organically or weather cyclical downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
DC fast-charging growth
Sustained double-digit growth in DC (fast) charging reflects structural demand for faster public and commercial charging. Higher-margin DC products and Supernova traction diversify revenue mix, improve average selling prices and support longer-term margin expansion if scale continues.
Read all positive factors
Wallbox (WBX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$46.96M
Dividend YieldN/A
Average Volume (3M)17.47K
Price to Earnings (P/E)―
Beta (1Y)1.24
Revenue Growth-11.22%
EPS Growth6.15%
CountryUS
Employees905
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-6.57
Shares Outstanding16,761,694
10 Day Avg. Volume13,079
30 Day Avg. Volume17,472
Financial Highlights & Ratios
PEG Ratio-1.18
Price to Book (P/B)29.25
Price to Sales (P/S)11.56
P/FCF Ratio-21.78
Enterprise Value/Market Cap4.51
Enterprise Value/Revenue1.43
Enterprise Value/Gross Profit4.44
Enterprise Value/Ebitda-2.97
Forecast
1Y Price Target
$7.00Price Target Upside132.56% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.39
Revenue Forecast (FY)$231.00M
Wallbox Business Overview & Revenue Model
Company Description
Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use. The company operates in three segments: Europe-Middle East Asia, North America, and Asia-Pacific. It offers EV...
How the Company Makes Money
Wallbox generates revenue through several key streams. Primarily, the company sells its EV charging hardware, including residential and commercial charging stations, which constitute a significant portion of its income. In addition to hardware sal...
Wallbox Earnings Call Summary
Earnings Call Date:Mar 04, 2026
(Q4-2025)
| Next Earnings Date:May 13, 2026
Earnings Call Sentiment Neutral
The call communicated meaningful operational and financial progress—improved gross margins, sizable cost reductions, inventory release, strong software growth, product launches, and substantial progress on a comprehensive refinancing plan—while also acknowledging material top-line weaknesses (full-year and Q4 revenue declines), pronounced North American softness, constrained DC sales due in part to refinancing-related limitations, and a modest cash balance with significant outstanding debt. Management presented concrete remediation steps (sales/service reinvestment, new sales leadership, product rollouts) and near-term guidance. The positive momentum on margins, cost structure and refinancing progress is offset by the continued revenue pressure and liquidity/leverage sensitivity, resulting in a balanced view.Positive Updates
Full-Year Revenue and Unit Shipments
Full-year 2025 revenue totaled €145,100,000 with approximately 144,000 units delivered (536 DC units).
Negative Updates
Full-Year and Quarterly Revenue Declines
Full-year revenue declined 11% year-over-year. Q4 revenue was €33,700,000, down 10% YoY and down 5% QoQ, missing guidance.
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year Revenue and Unit Shipments
Full-year 2025 revenue totaled €145,100,000 with approximately 144,000 units delivered (536 DC units).
Read all positive updates
Company Guidance
For Q1 2026 Wallbox guided revenue of €33.0–€36.0 million, a gross margin of 38–40%, and a negative adjusted EBITDA of €(5.0)–€(3.0) million. This guidance follows Q4 revenue of €33.7 million (below guidance), Q4 gross margin of 37.3% (in the 37–39% guided range) and a Q4 adjusted EBITDA loss of €7.3 million; for full-year 2025 the company reported €145.1 million of revenue on ~144,000 units (536 DC), a FY gross margin of 38.3% (up 410 bps YoY), cash of ~$9.6 million at year-end, loans and borrowings of €165 million, inventory €47.5 million, and a 25% YoY improvement in cash cost—with completion of the refinancing expected to support the Q1 targets.Wallbox Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 148.00M | 164.01M | 144.23M | 143.47M | 71.85M | 19.62M |
| Gross Profit | 47.74M | 53.80M | 47.05M | 57.78M | 27.20M | 9.04M |
| EBITDA | -71.48M | -93.99M | -98.00M | -119.35M | -45.26M | -8.58M |
| Net Income | -125.67M | -149.04M | -112.43M | -62.49M | -224.63M | -11.37M |
Balance Sheet | ||||||
| Total Assets | 316.49M | 353.07M | 483.54M | 421.98M | 342.61M | 81.84M |
| Cash, Cash Equivalents and Short-Term Investments | 32.22M | 45.94M | 106.89M | 88.70M | 171.06M | 22.58M |
| Total Debt | 216.39M | 234.88M | 246.33M | 160.93M | 80.87M | 52.64M |
| Total Liabilities | 280.35M | 290.49M | 333.73M | 252.83M | 211.54M | 69.61M |
| Stockholders Equity | 35.27M | 64.80M | 149.79M | 169.15M | 131.07M | 12.23M |
Cash Flow | ||||||
| Free Cash Flow | -38.61M | -87.02M | -108.51M | -201.47M | -99.97M | -30.41M |
| Operating Cash Flow | -36.47M | -51.53M | -89.74M | -136.29M | -69.63M | -11.63M |
| Investing Cash Flow | -7.15M | -39.46M | -58.54M | -13.96M | -88.30M | -19.32M |
| Financing Cash Flow | 0.00 | 2.96M | 172.48M | 111.75M | 246.92M | 46.74M |
Wallbox Technical Analysis
Negative
3.01
Price Trends
2.89
Negative
3.08
Negative
4.19
Negative
Market Momentum
-0.11
Positive
41.11
Neutral
45.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WBX, the sentiment is Negative. The current price of 3.01 is above the 20-day moving average (MA) of 2.77, above the 50-day MA of 2.89, and below the 200-day MA of 4.19, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 41.11 is Neutral, neither overbought nor oversold. The STOCH value of 45.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WBX.
Wallbox Risk Analysis
Wallbox disclosed 64 risk factors in its most recent earnings report. Wallbox reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Failure of banks or other financial institutions could adversely affect our cash, cash equivalents and investments and our business and financial condition may suffer as a result. Q4, 2023
2.
We are susceptible to risks associated with an increased focus by stakeholders and regulators on environmental and social matters, including climate change, which may adversely affect our business and results of operations. Q4, 2023
3.
Political and economic uncertainty and macroeconomic factors could adversely affect our business, financial condition and results of operations. Q4, 2023
Wallbox Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $961.13M | 93.63 | 9.64% | ― | -6.13% | -76.92% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $1.04B | -193.07 | -77.78% | ― | -5.13% | -37.34% | |
49 Neutral | $81.83M | -29.74 | -391.12% | ― | 69.76% | 43.82% | |
43 Neutral | $46.96M | -0.29 | -181.83% | ― | -11.22% | 6.15% | |
43 Neutral | $47.72M | -35.85 | -14.57% | ― | -1.70% | 17.13% |
* Technology Sector Average
WBX
Wallbox
2.51
-4.04
-61.68%
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Wallbox Corporate Events
Wallbox Secures Non-Binding €5 Million Equity Commitment from Catalan Public Lender
Jan 14, 2026
On January 14, 2026, Wallbox N.V. announced that Institut Català de Finances, through its vehicle IFEM, has agreed on a non-binding basis to make a €5 million equity investment in the company, subject to certain conditions precedent. Th...
Wallbox Extends Standstill Agreement with Lenders to January 31, 2026
Dec 23, 2025
On October 9, 2025, Wallbox N.V. entered into a standstill agreement with a majority of its banking pool, later joined on November 7, 2025 by additional syndicated lenders, to support ongoing negotiations over a long-term capital structure. Origin...
Wallbox Announces New CFO to Drive Sustainable Growth
Dec 17, 2025
Wallbox announced the appointment of Isabel López Trujillo as its new Chief Financial Officer, effective January 7, 2026. She brings over 20 years of international financial leadership experience and previously served as Wallbox’s Vice ...
Wallbox Secures New Capital Structure with Major Shareholders and Banks
Dec 1, 2025
On December 1, 2025, Wallbox announced a significant step in its capital restructuring plan by reaching a commercial agreement with core banking partners and major shareholders. This agreement includes an extension of debt maturities and a propose...
Wallbox Secures Additional Lender Support in Standstill Agreement
Nov 12, 2025
On November 7, 2025, Wallbox N.V. announced that additional lenders, including Instituto de Crédito Oficial E.P.E. and Compañía Española de Financiación del Desarrollo, COFIDES, S.A., have joined a standstill agreement wit...
Wallbox Reports Q3 2025 Financial Results and Strategic Partnerships
Nov 5, 2025
On November 5, 2025, Wallbox N.V. announced its financial results for the third quarter ending September 30, 2025. The company reported a revenue of €35.5 million, marking a 2% year-over-year growth, with a gross margin improvement to 39.8%....
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.