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Wallbox N.V. (WBX) 10-Year Financial Performance & Capital Metrics

WBX • • Industrial / General
TechnologyTech Hardware & EquipmentSpecialized Industrial SystemsEnergy Management & Charging Systems
AboutWallbox 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.Show more
  • Revenue $164M +13.7%
  • EBITDA -$120M -22.9%
  • Net Income -$149M -32.6%
  • EPS (Diluted) -0.72 -10.8%
  • Gross Margin 32.8% +0.5%
  • EBITDA Margin -73.42% -8.0%
  • Operating Margin -81.62% -9.7%
  • Net Margin -90.87% -16.6%
  • ROE -140.35% -99.1%
  • ROIC -35.08% -18.1%
  • Debt/Equity 3.75 +128.3%
  • Interest Coverage -6.12 +5.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 83.3%

✗Weaknesses

  • ✗High debt to equity ratio of 3.8x
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 8 (bottom 8%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y83.31%
3Y31.67%
TTM-11.88%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-25.84%

EPS CAGR

10Y-
5Y-
3Y-
TTM-1.44%

ROCE

10Y Avg-45.53%
5Y Avg-49.47%
3Y Avg-55.83%
Latest-56.96%

Peer Comparison

Energy Management & Charging Systems
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
VNTVontier Corporation5.64B38.8814.14-3.75%13.34%32.77%6.11%2.07
WBXWallbox N.V.48.88M2.99-4.1513.72%-84.91%-347.74%3.75

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+7.92M19.62M71.85M143.47M144.23M164.01M
Revenue Growth %-1.48%2.66%1%0.01%0.14%
Cost of Goods Sold+3.63M10.58M44.66M85.69M97.17M110.21M
COGS % of Revenue0.46%0.54%0.62%0.6%0.67%0.67%
Gross Profit+4.3M9.04M27.2M57.78M47.05M53.8M
Gross Margin %0.54%0.46%0.38%0.4%0.33%0.33%
Gross Profit Growth %-1.1%2.01%1.12%-0.19%0.14%
Operating Expenses+9.6M19.99M80.97M195.93M154.34M187.67M
OpEx % of Revenue1.21%1.02%1.13%1.37%1.07%1.14%
Selling, General & Admin5.27M11.41M37.71M115.63M94.24M78.14M
SG&A % of Revenue0.67%0.58%0.52%0.81%0.65%0.48%
Research & Development000013.89M15.47M
R&D % of Revenue----0.1%0.09%
Other Operating Expenses4.33M8.58M43.27M80.3M46.21M94.06M
Operating Income+-5.3M-10.95M-53.78M-138.15M-107.28M-133.87M
Operating Margin %-0.67%-0.56%-0.75%-0.96%-0.74%-0.82%
Operating Income Growth %--1.07%-3.91%-1.57%0.22%-0.25%
EBITDA+-4.55M-8.58M-45.26M-119.35M-98M-120.42M
EBITDA Margin %-0.57%-0.44%-0.63%-0.83%-0.68%-0.73%
EBITDA Growth %--0.89%-4.27%-1.64%0.18%-0.23%
D&A (Non-Cash Add-back)753.52K2.37M8.52M18.8M9.28M13.45M
EBIT-5.3M-10.95M-53.78M-138.15M-107.28M-107.45M
Net Interest Income+-299.22K-1.11M-6.94M-6.44M-15.83M-22.72M
Interest Income0000652.77K0
Interest Expense299.22K1.01M6.55M6.44M16.48M21.87M
Other Income/Expense-758.73K-1.32M-172.67M70.76M-5.85M-11.26M
Pretax Income+-6.06M-12.28M-226.45M-67.39M-113.13M-145.13M
Pretax Margin %-0.77%-0.63%-3.15%-0.47%-0.78%-0.88%
Income Tax+0-907.41K-1.81M-4.9M-705.25K6.73M
Effective Tax Rate %1%0.93%0.99%0.93%0.99%1.03%
Net Income+-6.06M-11.37M-224.63M-62.49M-112.43M-149.04M
Net Margin %-0.77%-0.58%-3.13%-0.44%-0.78%-0.91%
Net Income Growth %--0.88%-18.76%0.72%-0.8%-0.33%
Net Income (Continuing)-6.06M-11.37M-224.63M-62.49M-112.43M-151.85M
Discontinued Operations000000
Minority Interest000022K-2.22M
EPS (Diluted)+-0.04-0.07-1.62-0.81-0.65-0.72
EPS Growth %--0.9%-21.88%0.5%0.2%-0.11%
EPS (Basic)-0.04-0.07-1.62-0.81-0.65-0.72
Diluted Shares Outstanding160.99M160.99M138.16M163.37M187.68M189.34M
Basic Shares Outstanding160.99M160.99M138.16M163.37M187.68M189.34M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+18.66M41.51M251.49M273.64M256.92M158.37M
Cash & Short-Term Investments7.5M22.58M171.06M88.7M106.89M45.94M
Cash Only7.23M22.34M113.87M83.31M101.16M20.04M
Short-Term Investments267.57K239.38K57.19M5.4M6.32M25.9M
Accounts Receivable4.11M11.11M41.23M42.61M57.27M30.29M
Days Sales Outstanding189.11206.62209.42108.41144.9367.42
Inventory4.25M7.24M27.49M117.36M92.48M70.08M
Days Inventory Outstanding428.22249.89224.69499.91347.36232.1
Other Current Assets2.8M09.13M21.73M-4.52M7.25M
Total Non-Current Assets+17.74M40.33M91.12M166.81M226.62M194.7M
Property, Plant & Equipment6M9.27M43.78M36.26M111.61M100.02M
Fixed Asset Turnover1.32x2.12x1.64x3.96x1.29x1.64x
Goodwill06.15M6.15M16.17M14.79M11.18M
Intangible Assets1.31M23.12M37.31M12.06M103.89M76.1M
Long-Term Investments656.55K00000
Other Non-Current Assets9.78M1.79M3.89M102.32M-3.66M7.4M
Total Assets+36.41M81.84M342.61M421.98M483.54M353.07M
Asset Turnover0.22x0.24x0.21x0.34x0.30x0.46x
Asset Growth %-1.25%3.19%0.23%0.15%-0.27%
Total Current Liabilities+15.9M23.68M193.91M178.79M190.77M175.75M
Accounts Payable6.99M8.13M40.93M65.83M36.54M23.52M
Days Payables Outstanding703.31280.3334.52280.42137.2477.88
Short-Term Debt7.36M12.63M38.44M89.27M126.5M131.81M
Deferred Revenue (Current)0401.58K1000K1000K1000K1000K
Other Current Liabilities443.21K094.37M7.15M4.87M4.52M
Current Ratio1.17x1.75x1.30x1.53x1.35x0.90x
Quick Ratio0.91x1.45x1.16x0.87x0.86x0.50x
Cash Conversion Cycle-85.97176.2199.59327.9355.05221.63
Total Non-Current Liabilities+9.98M45.93M41.17M74.04M142.96M114.74M
Long-Term Debt5.85M35.89M20.01M44.36M80.86M66.66M
Capital Lease Obligations4.02M3.43M20.68M24.66M34.06M31.74M
Deferred Tax Liabilities040.64K30.48K1.39M9.35M3.41M
Other Non-Current Liabilities108.75K6.57M-800.86K1.44M13.84M3.06M
Total Liabilities25.88M69.61M211.54M252.83M333.73M290.49M
Total Debt+17.71M52.64M80.87M160.93M246.33M234.88M
Net Debt10.48M30.3M-42.81M77.62M145.18M214.84M
Debt / Equity1.68x4.30x0.62x0.95x1.64x3.75x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage-17.72x-10.83x-8.20x-21.46x-6.51x-6.12x
Total Equity+10.53M12.23M131.07M169.15M149.81M62.58M
Equity Growth %-0.16%9.71%0.29%-0.11%-0.58%
Book Value per Share0.070.080.951.040.800.33
Total Shareholders' Equity10.53M12.23M131.07M169.15M149.79M64.8M
Common Stock189.18K196.06K44.48M45.77M50.35M55.24M
Retained Earnings-9.78M-20.12M-243.9M-306.7M-463.89M-569.17M
Treasury Stock000000
Accumulated OCI623.05K76.17K2.6M10.6M5.87M12.78M
Minority Interest000022K-2.22M

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-5.42M-11.63M-69.63M-136.29M-89.74M-51.53M
Operating CF Margin %-0.68%-0.59%-0.97%-0.95%-0.62%-0.31%
Operating CF Growth %--1.14%-4.99%-0.96%0.34%0.43%
Net Income-6.14M-11.4M-223.78M-62.8M-112.07M-136.24M
Depreciation & Amortization762.71K2.38M8.48M18.89M28.44M40.97M
Stock-Based Compensation559.61K2.78M2.46M32.63M16.67M3.96M
Deferred Taxes588.2K-910K-1.81M-4.93M-703K-6.72M
Other Non-Cash Items257.37K6.95M172.93M-64.01M-21.03M47.45M
Working Capital Changes-1.45M-11.43M-27.92M-56.07M-1.05M-951K
Change in Receivables-3.77M-7.37M-30.16M-12.4M2.98M10.58M
Change in Inventory-2.6M-3.61M-20.56M-73.62M23.55M11.68M
Change in Payables0033.75M22.83M-32.88M0
Cash from Investing+-7.9M-19.32M-88.3M-13.96M-58.54M-39.46M
Capital Expenditures-7.09M-18.78M-30.34M-65.18M-13.51M-8.24M
CapEx % of Revenue0.9%0.96%0.42%0.45%0.09%0.05%
Acquisitions------
Investments------
Other Investing-148.87K14.17M18.17M-140K-35.32M-27.25M
Cash from Financing+17.5M46.74M246.92M111.75M172.48M2.96M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing10.17M-575K-25.56M-4.69M91.8M-21.55M
Net Change in Cash------
Free Cash Flow+-12.52M-30.41M-99.97M-201.47M-108.51M-87.02M
FCF Margin %-1.58%-1.55%-1.39%-1.4%-0.75%-0.53%
FCF Growth %--1.43%-2.29%-1.02%0.46%0.2%
FCF per Share-0.08-0.19-0.72-1.23-0.58-0.46
FCF Conversion (FCF/Net Income)0.89x1.02x0.31x2.18x0.80x0.35x
Interest Paid000000
Taxes Paid000000

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-57.59%-99.91%-313.5%-41.63%-70.5%-140.35%
Return on Invested Capital (ROIC)--25.86%-57.37%-60.09%-29.7%-35.08%
Gross Margin54.23%46.07%37.85%40.28%32.62%32.8%
Net Margin-76.51%-57.95%-312.63%-43.56%-77.95%-90.87%
Debt / Equity1.68x4.30x0.62x0.95x1.64x3.75x
Interest Coverage-17.72x-10.83x-8.20x-21.46x-6.51x-6.12x
FCF Conversion0.89x1.02x0.31x2.18x0.80x0.35x
Revenue Growth-147.63%266.2%99.67%0.53%13.72%

Revenue by Geography

2021202220232024
Other Countries--68.11M62.44M
Other Countries Growth----8.33%
GERMANY--9.11M39.99M
GERMANY Growth---338.91%
UNITED STATES--22.27M31.49M
UNITED STATES Growth---41.43%
SPAIN--29.59M24.46M
SPAIN Growth----17.34%
ITALY--14.69M5.56M
ITALY Growth----62.13%
Emea-120.62M--
Emea Growth----
North America-23.55M--
North America Growth----
Europe Middle East Asia----
Europe Middle East Asia Growth----

Frequently Asked Questions

Growth & Financials

Wallbox N.V. (WBX) reported $148.0M in revenue for fiscal year 2024. This represents a 1768% increase from $7.9M in 2019.

Wallbox N.V. (WBX) grew revenue by 13.7% over the past year. This is steady growth.

Wallbox N.V. (WBX) reported a net loss of $125.7M for fiscal year 2024.

Dividend & Returns

Wallbox N.V. (WBX) has a return on equity (ROE) of -140.3%. Negative ROE indicates the company is unprofitable.

Wallbox N.V. (WBX) had negative free cash flow of $38.6M in fiscal year 2024, likely due to heavy capital investments.

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