Audax Renovables SA (ADX) AI Stock Analysis

• Market Cap: €711.89M
• Dividend Yield: N/A
• Average Volume (3M): 332.10K
• Price to Earnings (P/E): 11.2
• Beta (1Y): 0.62
• Revenue Growth: -13.48%
• EPS Growth: 103.33%
• Country: ES
• Employees: 685
• Sector: Utilities
• Sector Strength: 77
• Industry: Renewable Utilities
• EPS (TTM): 0.13
• Shares Outstanding: 453,430,800
• 10 Day Avg. Volume: 264,922
• 30 Day Avg. Volume: 332,097
• PEG Ratio: 0.21
• Price to Book (P/B): 3.32
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Audax Renovables SA's stock is supported by solid financial performance, particularly in cash flow management and profitability. However, challenges such as declining revenue and high leverage exist. Technical indicators suggest negative momentum, which is a concern. The stock's reasonable valuation offers potential upside, balancing the negative technical outlook.

Audax Renovables SA Business Overview & Revenue Model

Company Description

Audax Renovables SA (ADX) is a Spanish company specializing in the renewable energy sector. It focuses on the generation and supply of electricity, primarily through wind and solar energy projects. The company is committed to sustainable energy solutions and operates across various markets, providing clean energy to both residential and commercial customers.

How the Company Makes Money

Audax Renovables SA generates revenue through the production and sale of renewable energy, primarily from wind and solar power plants. The company sells electricity directly to end-users and through power purchase agreements (PPAs) with businesses and utilities. Additionally, it may benefit from government incentives and subsidies for renewable energy production, further boosting its financial performance. The company's growth is supported by strategic investments in expanding its generation capacity and developing new projects in various geographic regions, enhancing its ability to supply clean energy and generate consistent revenue.

Audax Renovables SA Financial Statement Overview

Summary

Audax Renovables SA exhibits a solid financial performance with improving profitability and cash flow management. The company faces challenges in revenue growth and managing high leverage, but the positive trends in equity and cash flow provide a strong foundation for future growth.

Income Statement

Audax Renovables SA shows a consistent recovery in net income over the years, with a notable increase in EBIT and EBITDA margins from 2023 to 2024. However, a decline in total revenue from 2023 to 2024 highlights some concerns about revenue growth.

Balance Sheet

The balance sheet reflects a healthy equity growth, with stockholders' equity increasing significantly from 2022 to 2024, which improves the equity ratio. However, the debt-to-equity ratio remains high, indicating potential leverage risks.

Cash Flow

The company has shown a strong improvement in free cash flow from 2023 to 2024, alongside a positive operating cash flow to net income ratio. This demonstrates effective cash flow management, although the fluctuation in investing cash flow could be a concern.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.96B	1.98B	2.29B	2.63B	1.68B	967.44M
	Gross Profit
262.57M	229.66M	233.18M	136.73M	123.41M	113.02M
	EBIT
116.83M	93.58M	75.13M	32.29M	30.97M	46.79M
	EBITDA
109.05M	144.81M	99.83M	64.19M	49.22M	71.48M
	Net Income Common Stockholders
54.40M	60.56M	29.03M	3.54M	2.84M	26.39M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
221.11M	324.99M	310.84M	250.59M	327.28M	448.45M
	Total Assets
1.34B	1.37B	1.30B	1.32B	1.35B	1.15B
	Total Debt
571.12M	600.11M	605.62M	664.07M	789.53M	698.11M
	Net Debt
350.01M	371.33M	375.42M	458.14M	545.38M	329.87M
	Total Liabilities
1.12B	1.15B	1.12B	1.18B	1.20B	995.57M
	Stockholders Equity
207.65M	210.51M	161.22M	122.43M	136.96M	143.22M
Cash Flow		Free Cash Flow
10.78M	17.69M	109.39M	104.57M	-113.19M	58.63M
	Operating Cash Flow
10.78M	74.19M	140.51M	151.25M	-74.05M	75.59M
	Investing Cash Flow
0.00	-58.92M	-34.94M	-44.01M	-115.08M	-141.98M
	Financing Cash Flow
0.00	-16.69M	-81.31M	-145.46M	65.04M	283.84M

Audax Renovables SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.53
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:ADX, the sentiment is Negative. The current price of 1.53 is above the 20-day moving average (MA) of 1.52, above the 50-day MA of 1.50, and below the 200-day MA of 1.64, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 48.42 is Neutral, neither overbought nor oversold. The STOCH value of 46.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:ADX.

Audax Renovables SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FER	78 Outperform	€30.94B	9.72	65.54%	1.46%	7.43%	608.14%
ELE	78 Outperform	€26.66B	12.23	26.26%	3.19%	-8.09%	395.09%
IBE	77 Outperform	€96.67B	19.47	10.55%	3.09%	-3.50%	-20.24%
ACS	70 Outperform	€14.92B	17.72	16.48%	2.84%	16.50%	7.64%
Sector *	63 Neutral	$8.39B	10.63	5.35%	4.38%	3.68%	-10.94%
ADX	63 Neutral	€711.89M	11.22	32.58%	―	-13.48%	103.33%
TEF	54 Neutral	€24.35B	―	-0.55%	5.59%	1.15%	98.59%

Audax Renovables SA Corporate Events

Audax Renovables Receives Positive Credit Rating Upgrade

Audax Renovables S.A. has received a credit rating upgrade from EthiFinance Ratings, moving from a Stable to a Positive outlook with a ‘BBB-‘ rating. This improvement reflects positively on the company’s financial health and could enhance its market position and stakeholder confidence.

Audax Renovables Enhances Green Financing Framework for Sustainable Growth

Audax Renovables has updated its Green Financing Framework to optimize debt costs, diversify financing sources, and align with sustainability values. The framework meets the highest compliance level set by the International Capital Market Association, ensuring funds are allocated to projects supporting Sustainable Development Goals.

Audax Renovables SA Announces Director Remuneration Policy

Audax Renovables SA has outlined its remuneration policy for directors, emphasizing transparency and adherence to the guidelines approved by the general meeting of shareholders. The policy aims to reward directors for their dedication and responsibility while ensuring their independence. The remuneration system includes attendance fees, with the maximum annual remuneration approved by the general meeting. The policy will remain effective for three years, with any modifications requiring prior approval by the shareholders.

Audax Renovables Doubles Net Profit in 2024, Achieves Historic Growth

Audax Renovables closed the 2024 fiscal year with a net profit of 63 million euros, doubling the previous year’s results. The company achieved significant growth in supply points, energy supplied, and energy generated, alongside a 20% increase in EBITDA. The debt ratio reached historic lows, and the company’s commercial strategy focused on large clients and SMEs contributed to these successes. The Executive Chairman emphasized the company’s commitment to sustainable growth, profitability, and debt reduction, aiming to position Audax as a key player in the European energy market.