COX ABG Group COXG.MC
SpainUtilities · Utilities - RenewableBolsa de Madrid (BME) · EUR
15.00 EUR (+33.9%)
1 analysts
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COX ABG Group is a Spanish company dedicated to the development and operation of renewable energy projects, mainly photovoltaic solar, with an international presence and a business model focused on the generation and sale of electricity.
Listed on Bolsa de Madrid (BME) · Symbol COXG.MC · BME: COXG · Currency EUR
Key points
from its scores- ✓Strong growth10.0
- ✓Good share-price trend7.1
- ✕Fragile balance sheet0.9
- ✕Little or no dividend1.4
- ✕Unfavourable risk and backdrop2.8
AI analysis
bottom line, main risk, context and newsExtreme leverage and negative return on equity make the balance sheet risk too high, even with strong revenue growth.
COX ABG Group presents a very fragile financial profile: net debt to EBITDA of 16.48 times and negative equity (debt/equity of 1075.98%), with an ROE of -16.45%. Despite strong revenue growth (72.70%) and an attractive FCF yield (11.65%), the extreme leverage and weak return on capital make the stock highly risky, especially in a rising interest rate environment.
The main risk is the extreme financial leverage (net debt/EBITDA of 16.48 times), which in a rising rate environment could lead to solvency issues if cash generation does not cover debt service.
Context and risks
Company domiciled in Spain, a country with elevated governance risk according to the assigned reference. Weak institutional quality and potential regulatory intervention in the renewable sector could affect the future profitability of projects and the protection of minority shareholders.
Is COX ABG Group stock cheap or expensive?
at the analysis dateOn EV / EBITDA, it trades 75% above the Utilities median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| EV / EBITDA | 21.3 | 12.2 | +75% |
| Price / book | 4.8 | 1.9 | +146% |
| Price / sales | 0.6 | 2.6 | −77% |
Sector: median of the 92 Utilities companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.5 out of 10 (median for Utilities: 4.8).
Average analyst target: 15.00 EUR, +33.9% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 3.3 (sector 3.8), Growth 10.0 (sector 5.8).
Classic formulas with standard assumptions (5.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Utilities medianValuation
- Forward P/E
- 6.5
- EV / EBITDA
- 21.3
- Price / book
- 4.8
- Price / sales
- 0.6
- Market cap
- 950.1M EUR
- Enterprise value
- 5.1B EUR
Profitability
- ROE
- −16.5%
- ROA
- 2.2%
- ROIC (approx.)
- 1.4%
- Gross margin
- 50.5%
- Operating margin
- 3.9%
- Net margin
- −3.5%
- Free cash flow
- 110.7M EUR
- FCF yield
- 11.7%
- Cash conversion
- 47%
Solvency
- Total debt
- 4.2B EUR
- Net debt
- 3.9B EUR
- Cash
- 330.3M EUR
- EBITDA
- 237.4M EUR
- Net debt / EBITDA
- 16.48
- Debt / equity
- 1,075.98
- Current ratio
- 0.86
- Quick ratio
- 0.56
Growth
- Revenue growth
- +72.7%
- EPS (TTM)
- −0.61 EUR
- EPS (forward)
- 1.73 EUR
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Analyst consensus
- Strong buy (1)
- Target price
- 15.00 EUR
- 52-week range
- 9.02 – 14.70
Recent news
All COXG.MC news →Compare it with its sector
All 92 in Utilities →Frequently asked questions about COX ABG Group
Is COX ABG Group stock cheap or expensive?
On EV / EBITDA, it trades 75% above the Utilities median. Valuation score: 4.5 out of 10 (median for Utilities: 4.8). Average analyst target: 15.00 EUR, +33.9% versus the price. This is not investment advice.
What score does COX ABG Group get on MeridIAn Screener?
It scores 3.1 out of 10, rank 2,076 of 2,130 (better than 2% of the companies analysed). Its strongest category is Growth (10.0) and its weakest, Financial health (0.9). Analysis of 08/10/2026.
How much is COX ABG Group worth on the stock market?
Its market capitalisation is 950.1M EUR and its enterprise value, debt included, is 5.1B EUR.
How much debt does COX ABG Group have?
Its net debt (debt minus cash) is 3.9B EUR. That is 16.48 times its EBITDA; the Utilities median is 5.33.
Does COX ABG Group pay a dividend?
It pays no dividend, or almost none.
How has COX ABG Group stock performed over the last year?
It has risen 9.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 9.02 and 14.70 EUR. Past performance does not guarantee future results.
What do analysts think of COX ABG Group?
1 analysts cover it; their average recommendation is “Strong buy” and their average target is 15.00 EUR (+33.9% versus the price). It is an estimate, not market data.