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Employees: 835
Size Audax Renovables (ADX.MC) is a Spain Utilities company (Electric Utilities) with a market value of $564M, the 78th largest of 97 Spain companies the cockpit tracks. Shares closed at €1.11 on 6 Nov 2026.
Performance Over six months the shares fell 20.7%, against -25.2% for the median peer and +8.2% for the Spain market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue fell 8.4% over the last twelve months (peer median +4.0%); the operating margin is 4.1% (peer median 4.2%).
Valuation It trades at 12.1× forward earnings against a peer median of 14.3× (5th cheapest of 9).
Capital Return on invested capital runs 1.0 points above its cost of capital (8.2% WACC).
Credit Audax Renovables has 1 bond outstanding ($390M), rated BB- by the agencies and trading like B at a weighted spread of 488 bp.
Next results Next results expected around 16 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.87B | €1.88B | €1.98B | €2.29B | €2.63B |
| Revenue growth | — | -5% | -13% | -13% | — |
| Gross profit | €173M | €101M | €110M | €101M | €39.8M |
| EBITDA | €95.7M | €100M | €115M | €99.3M | €51.7M |
| Net income | €11.9M | €19.6M | €60.6M | €29.0M | €3.54M |
| Free cash flow | -€4.22M | €1.76M | €32.3M | €118M | €122M |
| Capital expenditure | €40.5M | €63.3M | €56.5M | €31.1M | €46.7M |
| Total debt | €618M | €611M | €600M | €604M | €662M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ADX.MC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.6% | -9.4% | 3rd highest of 21 |
| 6-month return | -20.7% | -25.2% | 8th highest of 21 |
| Distance from 52-week high | -27.0% | -39.7% | 5th highest of 21 |
| Revenue growth (TTM) | -8.4% | +4.0% | 4th lowest of 21 |
| Operating margin | 4.1% | 4.2% | 11th highest of 21 |
| Forward P/E | 12.1× | 14.3× | 5th cheapest of 9 |
| ROIC minus cost of capital | +1.0 pp | -0.9 pp | 9th highest of 21 |
| EV / EBITDA | 9.3× | 9.1× | 5th cheapest of 9 |
| Net debt / EBITDA | 3.9× | 1.0× | 3rd most indebted of 11 |
| Bond spread | 488 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Audax Renovables ADX.MC | Spain | $564M | -21% | -8% | 4% | 12.1× | n/a | n/a |
| Zhejiang Xinzhonggang Thermal Power 605162.SS | China | $556M | -25% | -5% | 19% | n/a | 0.8% | +4.4% |
| Elmera ELMRA.OL | Norway | $549M | +43% | +48% | 5% | 19.9× | -15.6% | +24.2% |
| KDHC 071320.KS | South Korea | $601M | -8% | +1% | 15% | 2.5× | -11.2% | +13.8% |
| Voltalia VLTSA.PA | France | $602M | -42% | +19% | 12% | n/a | n/a | n/a |
| Shandong Xinneng Taishan Power Generation 000720.SZ | China | $602M | -28% | +8% | -39% | n/a | n/a | n/a |
| Shenzhen Nanshan Power 000037.SZ | China | $527M | -18% | +35% | -7% | n/a | n/a | n/a |
| Ningbo Shimao Energy 605028.SS | China | $522M | -21% | 0% | 36% | n/a | 9.5% | +1.5% |
| Sichuan Xichang Electric Power 600505.SS | China | $520M | -31% | -10% | 7% | n/a | 1.2% | +9.5% |
| Sichuan Mingxing Electric Power 600101.SS | China | $620M | -23% | +2% | 6% | n/a | n/a | n/a |
| Hengsheng Energy 605580.SS | China | $653M | -28% | +30% | 19% | n/a | 15.7% | +14.1% |
| Ning Xia Yin Xing Energy 000862.SZ | China | $665M | -25% | -8% | 0% | 19.3× | -1.4% | +1.7% |
| Hallador Energy HNRG | United States | $476M | -46% | +8% | 2% | 2,020.0× | n/a | n/a |
| Sichuan Guangan AAA Public 600979.SS | China | $670M | -28% | +4% | -5% | n/a | n/a | n/a |
| Genie Energy GNE | United States | $466M | +23% | +10% | 3% | 18.3× | -3.6% | +7.1% |
| Acinque AC5.MI | Italy | $460M | -6% | -11% | 3% | n/a | 12.8% | +9.3% |
| Hunan Chendian International Development 600969.SS | China | $453M | -18% | +4% | 3% | n/a | 0.2% | +6.4% |
| Zhejiang Fuchunjiang Environmental Thermoelectric 002479.SZ | China | $704M | -2% | +26% | 9% | n/a | -10.7% | +2.9% |
| Suwen Electric Energy Technology 300982.SZ | China | $448M | -41% | -55% | -13% | 10.4× | n/a | n/a |
| PTC India PTC.NS | India | $437M | -39% | +13% | 4% | 9.6× | -18.2% | -1.4% |
| Empresa Distribuidora Y Comercializadora Norte S.A. Sponsored ADR EDN | United States | $738M | -40% | +2% | 6% | 6.9× | n/a | n/a |
Audax Renovables has 1 bond outstanding with $390M face value. The agencies rate it BB-; its bonds trade like B. Weighted yield 8.19%, a spread of 488 bp over government bonds.