Wallbox (WBX) AI Stock Analysis

• Market Cap: $59.33M
• Dividend Yield: N/A
• Average Volume (3M): 18.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.07
• Revenue Growth: -11.22%
• EPS Growth: N/A
• Country: US
• Employees: 905
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -1.30
• Shares Outstanding: 13,272,572
• 10 Day Avg. Volume: 14,438
• 30 Day Avg. Volume: 18,186
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $7.33
• Price Target Upside: 78.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 39 Underperform
• Price Target: $4.00 ▼(-2.68% Downside)

Wallbox's overall stock score is primarily impacted by its financial performance, which is hindered by high leverage and negative cash flows. Technical analysis indicates a bearish trend, while valuation metrics reflect ongoing losses. Although the earnings call highlighted some operational improvements, significant challenges remain.

Positive Factors

Strategic Partnerships

Strategic partnerships like the one with PowerGo enhance Wallbox's market position and expand its reach, providing a durable competitive advantage in the growing EV charging market.

Operational Efficiency

Improved operational efficiency through cost reductions strengthens Wallbox's ability to manage expenses, supporting long-term profitability and financial health.

Growth in Software and Services

Growth in software and services diversifies Wallbox's revenue streams, enhancing resilience and providing a stable income source that complements hardware sales.

Negative Factors

High Leverage

High leverage increases financial risk and limits flexibility, potentially impacting Wallbox's ability to invest in growth and weather economic downturns.

Negative Cash Flow

Negative cash flow indicates challenges in generating cash from operations, which can strain resources and hinder Wallbox's capacity to fund future investments.

Declining Revenue

A significant decline in revenue suggests potential market challenges and competitive pressures, which could affect Wallbox's growth trajectory and market share.

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 charging hardware products, such as Pulsar Plus, an AC smart charger for home or multi-family residence; Commander 2, an AC smart charger for fleets and businesses with a 7-inch touchscreen display that provides a personalized and secure user interface for multiple users; Copper SB, an AC smart charger for fleets and businesses with an integrated socket that makes it compatible with both type 1 and type 2 charging cables; Quasar, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle, and enables to use car battery to power home or sell energy back to the grid; Supernova, a DC fast charger equipment designed for public use; and Hypernova that allows to optimize available power and adapt to the number of EVs connected for public charging along highways and transcontinental road networks. The company also provides EV charging software solutions, including the myWallbox platform, a cloud based software designed to provide smart management of its chargers in residential and business parking lots, such as workplaces, fleets, and semi-public parking lots; Electromaps, a hardware-agnostic e-mobility service provider and charger management software that enables users to find publicly available charging ports; and Sirius, an energy management solution that is designed to seamlessly integrates the electric grid with solar, on-site batteries, and other renewable energy sources. In addition, it offers upgrades and accessories, which includes energy meters, EV charging cables, pedestals, and RFID cards; and installation, maintenance, and charging network management services. The company was incorporated in 2015 and is headquartered in Barcelona, Spain.

How the Company Makes Money

Wallbox generates revenue primarily through the sale of its charging hardware, including home and commercial charging stations. Additionally, the company earns income from its software solutions, which provide advanced energy management and optimization features for users. Key revenue streams include direct sales to consumers and businesses, partnerships with automotive manufacturers, and collaborations with energy providers to integrate charging solutions into broader energy management systems. Wallbox's strategic partnerships with major automotive companies enhance its market presence and drive additional sales, contributing significantly to its earnings. As the EV market continues to grow, Wallbox is well-positioned to capitalize on the increasing demand for charging infrastructure.

Wallbox Financial Statement Overview

Summary

Wallbox exhibits strong revenue growth, indicating a positive market demand. However, significant profitability issues, high leverage, declining equity, and negative cash flows highlight financial instability. Strategic improvements in cost management and debt reduction are crucial for long-term viability.

Income Statement

Wallbox has shown consistent revenue growth over the years, with a notable increase from $19.68 million in 2020 to $169.84 million in 2024. However, profitability remains a significant concern, as evidenced by the negative net income and declining margins. The gross profit margin has decreased, and both EBIT and EBITDA margins are negative, indicating operational challenges. While revenue growth is a positive indicator, the company needs to address its cost structure to improve profitability.

Balance Sheet

Wallbox's balance sheet reveals a high debt-to-equity ratio, indicating substantial leverage. Stockholders' equity has been declining, and the equity ratio has decreased over the years, reflecting increased financial risk. The company's assets are primarily funded by liabilities, and the shrinking equity base is a concern. Improvement in equity and reduction in debt are necessary for financial stability.

Cash Flow

The cash flow analysis shows negative free cash flow, which has worsened over the years, indicating challenges in generating cash from operations. The operating cash flow to net income ratio is negative due to persistent losses, and capital expenditures remain high, putting pressure on cash reserves. Improving operational efficiency and cash generation is crucial for sustainability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	169.84M	158.72M	146.97M	76.37M	19.68M
Gross Profit	56.02M	51.78M	59.49M	32.12M	9.10M
EBITDA	-100.60M	-74.69M	-44.54M	-256.61M	-8.92M
Net Income	-136.24M	-123.72M	-131.78M	-223.78M	-11.40M
Balance Sheet
Total Assets	353.07M	483.54M	421.98M	342.61M	81.84M
Cash, Cash Equivalents and Short-Term Investments	45.94M	106.89M	88.70M	171.06M	22.58M
Total Debt	234.88M	246.33M	160.93M	71.06M	52.64M
Total Liabilities	290.49M	333.73M	252.83M	211.54M	69.61M
Stockholders Equity	64.80M	149.79M	169.15M	131.07M	12.23M
Cash Flow
Free Cash Flow	-87.02M	-108.51M	-201.47M	-99.97M	-30.41M
Operating Cash Flow	-51.53M	-64.10M	-136.29M	-69.63M	-11.63M
Investing Cash Flow	-39.46M	-59.78M	-13.96M	-88.30M	-19.32M
Financing Cash Flow	2.96M	140.63M	111.75M	246.92M	46.74M

Wallbox Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 4.11 is below the 20-day moving average (MA) of 4.14, below the 50-day MA of 4.86, and below the 200-day MA of 7.44, indicating a bearish trend. The MACD of -0.22 indicates Negative momentum. The RSI at 42.47 is Neutral, neither overbought nor oversold. The STOCH value of 65.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WBX.

Wallbox Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DAKT	68 Neutral	1.10B	5,165.91	-3.72%	―	-7.67%	7.66%
LINK	51 Neutral	106.83M	-52.34	-16.35%	―	-7.12%	-11.00%
BKSY	47 Neutral	679.50M	-5.72	-99.43%	―	-1.21%	-112.08%
GNSS	46 Neutral	113.34M	-4.01	-889.21%	―	8.95%	14.34%
WBX	39 Underperform	$59.33M	―	-138.61%	―	-11.22%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Wallbox Corporate Events

Wallbox Regains NYSE Compliance After Reverse Stock Split

On August 14, 2025, Wallbox N.V. announced that it had regained compliance with the New York Stock Exchange’s (NYSE) continued listing standards, following a reverse stock split implemented on July 3, 2025. This compliance ensures that Wallbox’s Class A ordinary shares will continue to be listed and traded on the NYSE, reinforcing its market position and providing stability for its stakeholders.

Wallbox Reports Q2 2025 Financial Results and Strategic Growth Initiatives

On July 31, 2025, Wallbox N.V. announced its financial results for the second quarter ending June 30, 2025. The company reported a revenue of €38.3 million, with a gross margin of 37.8% and an operating loss of €18.8 million. Despite the challenging macroeconomic conditions, Wallbox saw a 21% growth in North American AC sales and a 33% increase in Supernova DC unit sales compared to the previous quarter. The company also expanded its partnerships with PowerGo and Ensol, and completed the installation of its first Quasar 2 units in California. Additionally, Wallbox secured approximately $15 million in new funding and completed a 1-20 reverse stock split to regain NYSE compliance. The company remains optimistic about future growth, particularly in the European EV market, and aims to achieve Adjusted EBITDA breakeven in the near term.

Wallbox Executes Reverse Stock Split and Capital Increase

On June 30, 2025, Wallbox N.V. approved a 1-for-20 reverse stock split of its Class A and B ordinary shares, which was executed on July 2, 2025. This move, alongside an increase in authorized capital, aims to strengthen the company’s market position and ensure compliance with New York Stock Exchange listing requirements. The Class A shares are set to begin trading on a split-adjusted basis on July 3, 2025, under the symbol ‘WBX’.

Wallbox Approves 1-for-20 Reverse Stock Split Effective July 3, 2025

On June 30, 2025, Wallbox N.V. held its annual general meeting where shareholders approved several key items, including the adoption of the 2024 financial accounts, discharge of directors, and reappointment of various directors. Notably, a reverse stock split at a ratio of 1-for-20 was approved, effective July 3, 2025, which will adjust the trading of shares and impact outstanding warrants and equity awards. This strategic move is expected to streamline Wallbox’s share structure and potentially enhance its market positioning.