Wallbox (WBX) AI Stock Analysis

• Market Cap: $47.21M
• Dividend Yield: N/A
• Average Volume (3M): 29.93K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.00
• Revenue Growth: -11.22%
• EPS Growth: 6.15%
• Country: US
• Employees: 905
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -1.72
• Shares Outstanding: 13,272,572
• 10 Day Avg. Volume: 30,085
• 30 Day Avg. Volume: 29,930
• PEG Ratio: -1.14
• Price to Book (P/B): 28.24
• Price to Sales (P/S): 11.16
• P/FCF Ratio: -21.03
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $5.00
• Price Target Upside: 52.91% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: $3.00 ▼(-8.26% Downside)

Wallbox's overall stock score is primarily impacted by its financial performance, which is hindered by high leverage, declining equity, and negative cash flows. Technical analysis and valuation metrics further contribute to a low score, indicating bearish sentiment and unattractive valuation. The earnings call provided some positive insights into operational efficiencies, but significant challenges remain.

Positive Factors

Strategic Partnerships

Strategic partnerships enhance Wallbox's market reach and infrastructure, supporting long-term growth and competitive positioning in key regions.

DC Sales Growth

Robust DC sales growth indicates strong demand for Wallbox's products, reinforcing its position in the fast-growing EV charging market.

Product Innovation

Innovative product features enhance customer value and energy management, strengthening Wallbox's competitive edge and market differentiation.

Negative Factors

High Leverage

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

Negative Cash Flow

Negative cash flow challenges Wallbox's ability to fund operations and growth, necessitating improvements in operational efficiency and cash management.

Profitability Challenges

Ongoing profitability issues highlight the need for cost structure improvements to ensure long-term financial sustainability and shareholder value.

Wallbox Business Overview & Revenue Model

Company Description

Wallbox (WBX) is a global leader in electric vehicle (EV) charging solutions, specializing in the design and manufacture of smart charging systems for residential, commercial, and public use. The company operates in the electric mobility sector and offers a wide range of products including home chargers, commercial charging stations, and software solutions that optimize charging efficiency and facilitate energy management. Wallbox aims to accelerate the transition to sustainable energy by providing innovative, user-friendly charging solutions that integrate seamlessly with existing energy systems.

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 demonstrates strong revenue growth, a positive sign of market demand and expansion. However, significant challenges remain in terms of profitability and financial stability. High leverage, declining equity, and negative cash flows highlight the need for strategic improvements in cost management and debt reduction. Addressing these areas will be vital for long-term viability and success.

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	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

• Technical Analysis Sentiment: Negative
• Last Price: 3.27
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 3.27 is below the 20-day moving average (MA) of 3.75, below the 50-day MA of 4.71, and below the 200-day MA of 5.97, indicating a bearish trend. The MACD of -0.50 indicates Positive momentum. The RSI at 30.05 is Neutral, neither overbought nor oversold. The STOCH value of 37.74 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	64 Neutral	$924.50M	4,329.55	4.36%	―	-7.67%	7.66%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
GNSS	47 Neutral	$98.44M	―	-177.60%	―	8.95%	14.34%
LINK	41 Neutral	$64.81M	―	-13.78%	―	-1.70%	17.13%
BKSY	41 Neutral	$638.87M	―	-88.03%	―	-5.13%	-37.34%
WBX	39 Underperform	$47.21M	―	-184.98%	―	-11.22%	6.15%

Wallbox Corporate Events

Wallbox Secures Additional Lender Support in Standstill Agreement

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 with the company and its majority lenders. This agreement, initially reached on October 9, 2025, aims to stabilize Wallbox’s financial arrangements, although some minority lenders have yet to accede. The accession of these lenders is crucial for Wallbox’s financial stability and ongoing operations, as it seeks to maintain favorable terms with its banking partners.

Wallbox Reports Q3 2025 Financial Results and Strategic Partnerships

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%. Despite an operating loss of €17.0 million, Wallbox showed an 8% improvement in adjusted EBITDA quarter-over-quarter. The company also highlighted a 30% revenue growth in DC fast charging and announced new partnerships with SureCharge Corp. and Hera Group to expand its charging network in Canada and Italy. Wallbox’s strategic focus remains on accelerating profitability through cost management, enhancing its sales organization, and strengthening its financial position with a standstill agreement with its banking partners.

Wallbox Secures Standstill Agreement with Major Lenders

On October 9, 2025, Wallbox N.V. announced a standstill agreement with its major banking partners, including Banco Santander, Banco Bilbao Vizcaya Argentaria, and CaixaBank. This agreement aims to stabilize the company’s capital structure by temporarily suspending principal and interest payments until December 9, 2025, or until a long-term solution is implemented. The agreement also anticipates potential breaches and includes mechanisms to manage them. Additionally, Wallbox is in advanced negotiations with other lenders to join the agreement, which is crucial for its financial restructuring efforts.

Wallbox Announces Board Resignation of Ferdinand Schlutius

On October 6, 2025, Ferdinand Schlutius resigned from his position as a non-executive director of Wallbox N.V.’s Board of Directors, citing personal reasons. His departure does not stem from any disagreements or issues related to the company’s operations or accounting practices, indicating stability in Wallbox’s governance and operations.

Wallbox N.V. Reports First Half 2025 Financial Results and Strategic Expansion

On September 23, 2025, Wallbox N.V. filed a report detailing its financial condition and results for the first half of 2025. The company highlighted its strategic acquisitions and expansion efforts in Europe and the U.S., which have bolstered its market position and innovation capabilities. Wallbox remains committed to growing its global presence in the EV market, leveraging its vertically-integrated model to accelerate time to market and maintain compliance with certification standards. The report underscores Wallbox’s focus on engineering excellence and its role as a leading supplier of charging products as the EV market continues to mature.