One-glance verdict
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Fundamentals snapshot
Wallbox N.V.
WBX · NYQ · Industrials · Electrical Equipment & Parts
Current price
$2.75
52-week range
$2.30 - $7.83
Market cap
$66.70M
Balance sheet
Distressed
-3.77x Concerning
Net cash $0.00. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
1 Risk
0 rewards · 1 risks
View details ↓What this company does
Wallbox N.V.
Wallbox builds and sells the chargers that power electric cars, like a personal gas pump for your home or a public parking lot. The company makes money mainly from selling these physical charging units and also offers software apps to help drivers find and manage them. This is important because as more people switch to electric vehicles, the demand for charging infrastructure (the network of physical chargers and software to run them) is likely to increase.
How the company got here
Wallbox was founded in Barcelona, Spain, in 2015 by two former Tesla employees, Enric Asunción and Eduard Castañeda. They aimed to create advanced and user-friendly electric vehicle (EV) charging solutions. The company gained early recognition by winning a European startup competition in 2017 and later introduced the world's first bidirectional charger for home use, called Quasar, in 2019. To fuel its growth, Wallbox went public on the New York Stock Exchange in October 2021 through a merger with a special-purpose acquisition company (SPAC), a faster way for a private company to start trading its stock publicly. More recently, the company has been focusing on strengthening its financial foundation through a restructuring plan to reduce its debt.
What it actually does
Wallbox designs and sells smart charging systems for electric vehicles and provides energy management solutions. Think of them as the company that creates the 'gas pumps' for electric cars, but for your home, office, or public parking spots. Their products include the physical charging stations (hardware) and the software that helps manage the charging process, often through a smartphone app. This allows users to schedule charging for when electricity is cheapest or to manage power for multiple chargers at once. Wallbox aims to make the relationship with energy smarter, allowing users to control their energy consumption and live more sustainably.
AC Chargers
This is the company's largest business line, making up the majority of its sales. It includes chargers designed for homes and businesses, like the Pulsar and Copper series. These are known as AC (alternating current) chargers, which is the standard type of electricity in homes and is a common, though slower, way to charge an EV. Customers for these products are individual EV owners, homebuilders, and companies that want to provide charging for their employees or customers. This segment is the company's primary source of revenue (the total money it brings in from sales).
DC Chargers
This segment includes powerful, fast chargers like the Supernova and Hypernova, designed for public use along highways or in commercial areas. DC (direct current) chargers can power up an EV much faster than AC chargers, making them ideal for drivers on long trips. The customers are typically businesses, governments, and charging network operators who want to offer quick charging services to the public. While currently a smaller part of Wallbox's revenue than AC chargers, this is a key area for growth as public charging infrastructure expands.
Software, Services & Other
This part of the business provides the intelligence behind the hardware and is a growing source of revenue. It includes the myWallbox platform, which allows users to manage their chargers remotely, and Electromaps, an app that helps drivers find public charging stations. The company makes money from software subscriptions and services related to managing charging networks. This segment also includes sales of accessories like mounting pedestals and charging cables.
What management is betting on now
Wallbox's strategy is to move beyond just selling hardware and become a leader in energy management. A key part of this is their focus on bidirectional charging, with products like the Quasar 2, which allows an EV to not only take power from the grid but also send it back to power a home or sell it back to the utility company. They are also expanding their software and service offerings to create recurring revenue (predictable income that comes in regularly, like a subscription). The company is also focused on partnerships, like one with Generac, a major home power equipment company, to expand its reach in the United States.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $2.75
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net cash $0 - more cash than debt. Interest coverage -3.8x.
Net debt
$0.00
Interest coverage
-3.77x
Wallbox N.V.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 5 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
WBX
BASELINE
Wallbox N.V.
Total debt — Interest coverage -3.77x This is the baseline the peer rows are being compared against.
Total debt $250.10M Interest coverage -8.81x Neither company has much profit cushion over interest right now.
Total debt $4.47M Interest coverage -173.27x Neither company has much profit cushion over interest right now.
Total debt $415.56M Interest coverage -18.01x Neither company has much profit cushion over interest right now.
Total debt $1.92M Interest coverage -644.31x Neither company has much profit cushion over interest right now.
Total debt $6.37M Interest coverage -14.68x Neither company has much profit cushion over interest right now.
What you should know
The case for and against WBX
0 Rewards
1 Risk
Rewards
Risks
-
Net debt grew 160.8% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-1.05x
P/B
-1.36x
P/S
0.54x
EV/EBITDA
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PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
36.8%
Operating margin
-46.1%
Net margin
-93.8%
ROE
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ROA
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Health
Liquidity and balance-sheet strength
Debt / equity
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Current ratio
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Quick ratio
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Total debt
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Total cash
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Growth
How the business has been compounding
Revenue TTM
$138.25M
Revenue 5Y CAGR
0.2%
EPS TTM
-0.95
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$11.26M
Free CF TTM
$-42.78K
FCF margin
-0.0%
Dividend
Shareholder payout
Yield
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Payout ratio
0.0%
Last ex-div date
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