Wallbox N.V.

WBX

Hardware, Equipment & Parts · Technology

Price

$4.56

-0.15 (-3.18%)

Market Cap

$47.9M

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count falling — buybacks

−89.6% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 138.2M (2021) → 14.4M (2025)

Wallbox makes electric vehicle (EV) charging equipment for homes, businesses, and public spaces. Its main products are wall-mounted chargers and charging management software, sold to individual EV owners, fleet operators, and commercial property managers. The company is headquartered in Barcelona, Spain, and competes in the fast-growing but crowded EV charging hardware market.

Wallbox earns money by selling charging hardware and, to a smaller degree, software subscriptions for managing charging networks. It operates primarily in Europe but has expanded into North America and other markets, generating roughly $150–200 million in annual revenue. The company has not yet reached profitability, as its operating losses remain deep, and the key risk it faces is whether it can scale production and cut costs fast enough to survive intense competition from larger, better-funded rivals before it runs out of runway.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-21.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+49.6% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

64.9%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$27M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Wallbox N.V.'s revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

37.8%

Modest — 37.8% gross margin

Operating Margin

-49.1%

Losing money on operations — -49.1%

ROCE

-8.7%

Weak — -8.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-11.9%

Shrinking sales (-11.9% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-26.1%

Burning cash (-26.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

5.15

Heavy debt load (5.15)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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