Audax Renovables SA (ADX) AI Stock Analysis

• Market Cap: €625.73M
• Dividend Yield: 4.82%
• Average Volume (3M): 333.65K
• Price to Earnings (P/E): 13.6
• Beta (1Y): 0.53
• Revenue Growth: 4.35%
• EPS Growth: -16.78%
• Country: ES
• Employees: 685
• Sector: Energy
• Sector Strength: 52
• Industry: Renewable Utilities
• EPS (TTM): N/A
• Shares Outstanding: 453,430,800
• 10 Day Avg. Volume: 380,537
• 30 Day Avg. Volume: 333,649
• PEG Ratio: 0.12
• Price to Book (P/B): 3.32
• Price to Sales (P/S): 0.35
• P/FCF Ratio: 39.56
• 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: Hold
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• Price Target: €1.50 ▲(8.70% Upside)

Audax Renovables SA has a strong financial foundation with improving profitability and cash flow management, despite challenges in revenue growth and leverage. The stock's reasonable valuation and attractive dividend yield further support its investment case. However, technical indicators suggest limited short-term upside, warranting cautious optimism.

Audax Renovables SA Business Overview & Revenue Model

Company Description

Audax Renovables SA (ADX) is a leading Spanish renewable energy company specializing in the production and management of renewable energy sources, primarily focusing on wind and solar power. The company operates in the energy sector and is committed to promoting sustainable energy solutions. Audax Renovables SA offers a range of services including electricity generation, trading, and distribution, catering to both residential and commercial clients while contributing to the transition towards a more sustainable energy landscape.

How the Company Makes Money

Audax Renovables generates revenue primarily through the sale of electricity produced from its renewable energy assets, including wind and solar farms. The company benefits from long-term power purchase agreements (PPAs) with various customers, which provide stable income streams. Additionally, Audax engages in energy trading, allowing it to capitalize on market fluctuations. The company also generates income from offering energy management services and solutions to its clients. Strategic partnerships with other energy firms and participation in government-supported renewable energy programs further enhance its earnings potential.

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	2.07B	1.98B	2.29B	2.63B	1.68B	967.44M
Gross Profit	217.75M	229.66M	229.56M	136.73M	114.47M	113.02M
EBITDA	157.70M	144.81M	99.83M	67.15M	49.22M	71.48M
Net Income	56.58M	60.56M	29.03M	3.54M	-1.72M	26.39M
Balance Sheet
Total Assets	1.34B	1.37B	1.30B	1.32B	1.35B	1.15B
Cash, Cash Equivalents and Short-Term Investments	236.18M	324.99M	310.84M	250.59M	327.28M	448.45M
Total Debt	585.28M	600.11M	605.62M	664.07M	789.53M	661.39M
Total Liabilities	1.10B	1.15B	1.12B	1.18B	1.20B	995.57M
Stockholders Equity	221.26M	210.51M	161.22M	122.43M	132.40M	135.19M
Cash Flow
Free Cash Flow	13.13M	17.69M	109.39M	104.57M	-113.19M	58.63M
Operating Cash Flow	26.39M	74.19M	140.51M	151.25M	-74.05M	75.59M
Investing Cash Flow	-20.09M	-58.92M	-34.94M	-44.01M	-115.08M	-141.98M
Financing Cash Flow	1.09M	-16.69M	-81.31M	-145.46M	65.04M	283.84M

Audax Renovables SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.38
• 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 1.38 is above the 20-day moving average (MA) of 1.36, above the 50-day MA of 1.37, and below the 200-day MA of 1.46, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.18 is Neutral, neither overbought nor oversold. The STOCH value of 64.34 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
ANE	―	€7.94B	10.62	13.06%	1.84%	2.05%	307.60%
SLR	―	€1.84B	14.22	20.56%	―	27.18%	30.87%
ADX	―	€625.73M	13.64	21.81%	4.82%	4.35%	-16.78%
Sector *	―	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%