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ADX

Audax RenovablesBME:ADX Stock Report

Last Price

€1.31

Market Cap

€575.9m

7D

-0.2%

1Y

-39.4%

Updated

19 Jan, 2022

Data

Company Financials +
ADX fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance1/6
Financial Health2/6
Dividends3/6

ADX Stock Overview

Audax Renovables, S.A. engages in the generation and supplying of renewable electricity and gas in Spain, Portugal, Italy, Poland, Germany, the Netherlands, Polonia, France, and Panama.

Price History & Performance

Summary of all time highs, changes and price drops for Audax Renovables
Historical stock prices
Current Share Price€1.31
52 Week High€2.29
52 Week Low€1.19
Beta0.98
1 Month Change7.65%
3 Month Change-13.49%
1 Year Change-39.44%
3 Year Change-48.30%
5 Year Changen/a
Change since IPO-6.57%

Recent News & Updates

Oct 30
Does Audax Renovables (BME:ADX) Have A Healthy Balance Sheet?

Does Audax Renovables (BME:ADX) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Sep 16
When Should You Buy Audax Renovables, S.A. (BME:ADX)?

When Should You Buy Audax Renovables, S.A. (BME:ADX)?

While Audax Renovables, S.A. ( BME:ADX ) might not be the most widely known stock at the moment, it saw significant...

Shareholder Returns

ADXES Renewable EnergyES Market
7D-0.2%-0.9%0.1%
1Y-39.4%-9.6%5.2%

Return vs Industry: ADX underperformed the Spanish Renewable Energy industry which returned -9.2% over the past year.

Return vs Market: ADX underperformed the Spanish Market which returned 5% over the past year.

Price Volatility

Is ADX's price volatile compared to industry and market?
ADX volatility
ADX Average Weekly Movement6.4%
Renewable Energy Industry Average Movement5.3%
Market Average Movement3.8%
10% most volatile stocks in ES Market6.4%
10% least volatile stocks in ES Market0.8%

Stable Share Price: ADX is more volatile than 75% of Spanish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ADX's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Spanish stocks.

About the Company

FoundedEmployeesCEOWebsite
2000800Ana Isabel Portahttps://www.audaxrenovables.com

Audax Renovables, S.A. engages in the generation and supplying of renewable electricity and gas in Spain, Portugal, Italy, Poland, Germany, the Netherlands, Polonia, France, and Panama. The company generates electricity primarily through wind and solar energy. It runs a portfolio of operating wind farms of 91 MW.

Audax Renovables Fundamentals Summary

How do Audax Renovables's earnings and revenue compare to its market cap?
ADX fundamental statistics
Market Cap€575.90m
Earnings (TTM)€18.72m
Revenue (TTM)€1.25b

30.8x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ADX income statement (TTM)
Revenue€1.25b
Cost of Revenue€1.14b
Gross Profit€107.95m
Expenses€89.23m
Earnings€18.72m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.043
Gross Margin8.62%
Net Profit Margin1.49%
Debt/Equity Ratio550.6%

How did ADX perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

53%

Payout Ratio

Valuation

Is Audax Renovables undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ADX (€1.31) is trading below our estimate of fair value (€5.1)

Significantly Below Fair Value: ADX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ADX is good value based on its PE Ratio (30.8x) compared to the Spanish Renewable Energy industry average (52.6x).

PE vs Market: ADX is poor value based on its PE Ratio (30.8x) compared to the Spanish market (21x).


Price to Earnings Growth Ratio

PEG Ratio: ADX is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: ADX is good value based on its PB Ratio (4.3x) compared to the ES Renewable Energy industry average (4.4x).


Future Growth

How is Audax Renovables forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

44.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ADX's forecast earnings growth (44.7% per year) is above the savings rate (0.9%).

Earnings vs Market: ADX's earnings (44.7% per year) are forecast to grow faster than the Spanish market (14% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ADX's revenue (13.3% per year) is forecast to grow faster than the Spanish market (5.6% per year).

High Growth Revenue: ADX's revenue (13.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ADX's Return on Equity is forecast to be high in 3 years time (36.1%)


Past Performance

How has Audax Renovables performed over the past 5 years?

21.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ADX has a high level of non-cash earnings.

Growing Profit Margin: ADX's current net profit margins (1.5%) are lower than last year (2.5%).


Past Earnings Growth Analysis

Earnings Trend: ADX's earnings have grown significantly by 21.9% per year over the past 5 years.

Accelerating Growth: ADX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ADX had negative earnings growth (-17.6%) over the past year, making it difficult to compare to the Renewable Energy industry average (-11.3%).


Return on Equity

High ROE: ADX's Return on Equity (13.6%) is considered low.


Financial Health

How is Audax Renovables's financial position?


Financial Position Analysis

Short Term Liabilities: ADX's short term assets (€788.2M) exceed its short term liabilities (€479.2M).

Long Term Liabilities: ADX's short term assets (€788.2M) exceed its long term liabilities (€657.5M).


Debt to Equity History and Analysis

Debt Level: ADX's net debt to equity ratio (241.7%) is considered high.

Reducing Debt: ADX's debt to equity ratio has increased from 193.7% to 550.6% over the past 5 years.

Debt Coverage: ADX's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ADX's interest payments on its debt are not well covered by EBIT (1.3x coverage).


Balance Sheet


Dividend

What is Audax Renovables's current dividend yield, its reliability and sustainability?

1.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ADX's dividend (1.74%) is higher than the bottom 25% of dividend payers in the Spanish market (1.73%).

High Dividend: ADX's dividend (1.74%) is low compared to the top 25% of dividend payers in the Spanish market (5.15%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether ADX's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if ADX's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (53.4%), ADX's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ADX's dividends in 3 years are forecast to be thoroughly covered by earnings (9.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.4yrs

Average board tenure


CEO

Ana Isabel Porta

no data

Tenure

Mrs. Ana Isabel Lopez Porta serves as the Chief Executive Officer at Audax Renovables, S.A. and serves as its Director since March 16, 2021.


Board Members

Experienced Board: ADX's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Audax Renovables, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Audax Renovables, S.A.
  • Ticker: ADX
  • Exchange: BME
  • Founded: 2000
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Implied Market Cap: €575.901m
  • Shares outstanding: 440.29m
  • Website: https://www.audaxrenovables.com

Number of Employees


Location

  • Audax Renovables, S.A.
  • Avenida Navarra, no 14
  • Badalona
  • Catalonia
  • 8911
  • Spain

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 21:21
End of Day Share Price2022/01/19 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.