Wallbox (WBX) AI Stock Analysis

• Market Cap: $69.73M
• Dividend Yield: N/A
• Average Volume (3M): 41.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.72
• Revenue Growth: -11.22%
• EPS Growth: 6.15%
• Country: US
• Employees: 905
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -1.29
• Shares Outstanding: 13,272,572
• 10 Day Avg. Volume: 36,266
• 30 Day Avg. Volume: 41,690
• PEG Ratio: -1.25
• Price to Book (P/B): 28.24
• Price to Sales (P/S): 10.32
• P/FCF Ratio: -21.03
• Enterprise Value/Market Cap: 4.36
• Enterprise Value/Revenue: 2.06
• Enterprise Value/Gross Profit: 6.37
• Enterprise Value/Ebitda: -3.45
• 1Y Price Target: $7.50
• Price Target Upside: 55.28% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 41 Neutral
• Price Target: $4.50 ▼(-6.83% 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 indicates a bearish trend, and valuation metrics are unattractive due to negative earnings. While the earnings call highlighted some operational improvements, these are not enough to offset the significant financial challenges.

Positive Factors

Strategic Partnerships

Strategic partnerships enhance market presence and drive sales, supporting long-term growth in the expanding EV market.

Product Innovation

Innovative products like Quasar 2 strengthen Wallbox's competitive edge and align with the growing demand for advanced EV solutions.

Market Expansion

Expanding infrastructure in Italy supports Wallbox's growth strategy and positions it to capture increasing demand in the European EV market.

Negative Factors

High Leverage

High leverage poses financial risk, limiting flexibility and potentially impacting long-term stability and investment capacity.

Negative Cash Flow

Persistent negative cash flow challenges operational sustainability, requiring improvements in efficiency and cost management.

Declining Revenue

Declining revenue indicates market challenges and may hinder growth, necessitating strategic adjustments to regain momentum.

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 shows strong revenue growth but faces significant challenges with profitability, high leverage, declining equity, and negative cash flows. These financial risks necessitate strategic improvements in cost management and debt reduction.

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	-88.17M	-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: 4.83
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 4.83 is below the 20-day moving average (MA) of 5.78, below the 50-day MA of 4.87, and below the 200-day MA of 6.54, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 41.22 is Neutral, neither overbought nor oversold. The STOCH value of 9.77 is Positive, 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	―	$921.10M	4,313.64	4.36%	―	-7.67%	7.66%
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
LINK	―	$95.58M	-46.81	-15.12%	―	-7.12%	-11.02%
GNSS	―	$106.56M	-3.77	-177.60%	―	8.95%	14.34%
BKSY	―	$697.59M	―	-105.30%	―	-1.21%	-112.08%
WBX	―	$69.73M	―	-184.98%	―	-11.22%	6.15%

Wallbox Corporate Events

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.

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.