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Financial statements

Wallbox N.V. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Wallbox N.V. files with the SEC in its annual reports.

In EUR millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2019FY2021FY2021FY2022FY2023FY2024
Revenue8.0219.771.6144144164
General and administrative0.480.343.437.37.977.43
Operating income-5.37-11-53.6-139-107-134
Interest expense0.271.0132.1815.223.7
Interest income0.010.010.162.311.471.95
Pre-tax income-6.14-12.3-226-67.7-113-159
Income tax-0.91-1.81-4.93-0.7-6.72
Net income-6.14-11.4-224-62.8-112-152
EBITDA-4.61-8.61-45.1-120-78.5-95.9
EPS, basic-1.99-0.38-0.60-0.66
EPS, diluted-1.99-0.38-0.60-0.66

Balance sheet

FY2019FY2021FY2021FY2022FY2023FY2024
Cash and equivalents6.4522.311483.310120
Short-term investments0.2457.25.45.7325.9
Receivables8.9823.839.843.429.7
Inventory7.2427.510792.570.1
Total current assets41.5251255
Property, plant and equipment1.395.4225.357.976.267.8
Lease right-of-use assets3.953.8518.524.935.432.2
Goodwill6.156.1515.113.411.2
Intangible assets9.8923.137.360.89476.1
Total assets32.581.8343422484353
Short-term debt12.633.889.3126132
Total current liabilities23.7170179191176
Lease liabilities3.4318.224.734.131.7
Total liabilities23.169.6212253334290
Total debt22.90.06145229214
Paid-in capital28.7322378482531
Retained earnings-20.1-244-307-420-569
Shareholders' equity12.213116915064.8
Minority interests0.02-2.22
Total equity9.3812.213116915062.6
Total liabilities and equity32.581.8343422484353

Cash flow statement

FY2019FY2021FY2021FY2022FY2023FY2024
Net income-6.14-11.4-224-62.8-112-152
Depreciation and amortization0.762.388.4818.928.437.9
Cash from operations-5.42-11.6-69.6-136-64.1-51.5
Capital expenditures-0.54-4.14-10.7-37.8-12.2-8.24
Cash from investing-7.9-19.3-88.3-14-54.1-39.5
Debt issued0.12
Cash from financing17.546.72471121412.96
Exchange rate effect-0.020.092.537.95-4.546.92
Free cash flow-5.96-15.8-80.3-174-76.3-59.8

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Operating margin-81.6%Operating income / revenue.
EBITDA margin-58.5%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-96.7%Pre-tax income / revenue.
Net margin-92.6%Net income / revenue.
FCF margin-36.5%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-31.4%Cash from operations / revenue.
Return on equity (ROE)-141.5%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-36.3%Net income / average total assets.
Return on invested capital (ROIC)-39.4%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Capex / revenue5.0%Capital expenditures / revenue.
D&A / revenue23.1%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y14.0%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y31.8%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y82.9%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-56.7%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-20.9%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y-27.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y1.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y61.2%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Quick ratio0.43x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.26x(Cash + short-term investments) / current liabilities.
Debt / equity3.31xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets60.7%Total debt / total assets.
Liabilities / assets82.3%Total liabilities / total assets.
Net debt€168.4MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-5.65xOperating income / interest expense.
Goodwill and intangibles / assets24.7%(Goodwill + intangible assets) / total assets.
Tangible book value-€22.5MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.39xRevenue / average total assets.
Fixed asset turnover2.28xRevenue / average property, plant and equipment.
Receivables turnover4.49xRevenue / average receivables.
Days sales outstanding81 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-€0.66Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-€0.66Net income per basic share, as reported (split-adjusted).
What was Wallbox N.V.'s revenue in fiscal 2024?

Wallbox N.V. reported revenue of €163.9M for fiscal 2024, 14% higher than the year before.

Was Wallbox N.V. profitable in fiscal 2024?

No. It reported a net loss of €151.8M.

How much free cash flow did Wallbox N.V. generate in fiscal 2024?

Cash from operations of €51.5M minus capital expenditures of €8.2M left free cash flow of -€59.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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