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Cox ABG Group (COXG) Fair Value & Analysis

Utilities · ES · Market cap €1.0B

CA Cox ABG Group COXG · MC
Price€11.20
Fair Value€14.46
Upside+29.1%
Quality29/100
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Expensive Growth
Thin margins · 5.5% net margin
Moderate debt · negative free cash flow
Ranks above peers (8/12)
Moderate moat 53/100
Evidence: Medium Range €10.84 – €18.07 Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated yesterday

Share price −5.9% over the past month.

Below-average quality, screening 29% undervalued on our models.

What matters now

  • Our model range runs from €10.84 (bear) to €18.07 (bull), base €14.46. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 29/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (21 months)

€14.35 €8.00 Fair Value €14.46 Nov 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

21‑month range €8.00 – €14.35 · fair‑value band €10.84 – €18.07 · the €11.20 price screens below the €14.46 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Cox ABG Group (COXG) currently trades at €11.20, while our model-based Fair Value estimate is €14.46, implying the stock looks roughly 29.1% undervalued today. The Quality Score stands at 29/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Net debt stands at €371M. The stock trades on a trailing P/E of 14.0. Fundamentals as of Aug 13, 2026

Our scenario range runs from €10.84 (bear case) to €18.07 (bull case); at €11.20, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 24% below its 52-week high and 30% above its 52-week low. For context, the median of 10 Utilities peers we cover trades at -11% fair-value upside, at 29%, COXG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
ROIC Compounder €11.16 €17.95 €21.57 72
Growth-Adj P/E €24.60 €35.14 €45.68 68
P/E Multiple €10.84 €14.46 €18.07 63
All 15 models by family
DCF Models
Owner Earnings €11.14 €26.23 €54.22 31
Earnings-Based
Graham-Dodd €5.46 €38.10 €53.46 54
Lynch FV €19.68 €28.12 €36.55 50
PEG = 1.0 €19.68 €28.12 €36.55 46
EPV €8.05 €9.54 €10.79 59
Multiples
P/E Multiple €10.84 €14.46 €18.07 63
P/S Multiple €10.24 €13.66 €17.07 58
P/B Multiple €4.86 €6.48 €8.10 55
EV/EBIT €16.60 €23.11 €29.62 53
EV/EBITDA €17.24 €23.96 €30.68 54
EV/Revenue €12.87 €19.64 €26.41 43
Asset-Based
NCAV (Graham) €1.80 €2.41 €3.60 50
Economic Profit
Residual Income €4.60 €6.16 €24.00 61
ROIC Compounder €11.16 €17.95 €21.57 72
Growth Earnings
Growth-Adj P/E €24.60 €35.14 €45.68 68

Widest divergence: Growth Earnings (€35.14) versus Asset-Based (€2.41). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) €1.2B
Revenue growth (YoY) +56.0%
Net margin 5.5%
Return on equity 19.8%
Free cash flow −€93.0M FY2025
P/E ratio 14.0
More key figures
Operating margin 15.4%
EPS (TTM) €0.8000
EPS growth (YoY) +1,122%
Net debt €371M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 29/100

Of which business quality 29 · Market factors (momentum, volatility) 48

Profitability 55
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 23
Balance sheet, leverage, solvency risk
Investment 28
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Cox ABG Group, S.A. operates an utilities company in South America, Mexico, Europe, Africa, Spain, Latin America, and internationally. It engages in the desalination, purification, reutilization, treatment, and integrated water resource management business.

Full company description

Cox ABG Group, S.A. operates an utilities company in South America, Mexico, Europe, Africa, Spain, Latin America, and internationally. It engages in the desalination, purification, reutilization, treatment, and integrated water resource management business. The company also generates and transmits renewable energy, such as photovoltaics, solar thermal, and biofuels. Cox ABG Group, S.A. offers engineering, procurement, operations, and maintenance services. Cox ABG Group, S.A. was founded in 2014 and is headquartered in Seville, Spain. Cox ABG Group, S.A. operates as a subsidiary of Inversiones Riquelme Vives, S.L.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Cox ABG Group reported revenue of €1.1B in FY2025 versus €12.6M in FY2021, a compound +208.6%/yr. Reported net income was €68.2M in FY2025.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€1.1B
Latest YoY
+62.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+199.1%
Revenue +208.6%/yr
FY21 €12.6M
FY22 €42.6M
FY23 €581M
FY24 €702M
FY25 €1.1B
Net income
FY21 −€10.9M
FY22 −€4.9M
FY23 €31.7M
FY24 €42.2M
FY25 €68.2M

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Cite: Fair Value Calculator (2026). "Cox ABG Group Fair Value". https://www.fairvalue-calculator.com/stock/COXG

Peer Group

Utilities - Renewable · 221 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 29 · Bottom 25%
Fair Value upside +29% · Top 25%
Return on equity (TTM) 20% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 15% · Below median
Revenue growth 56% · Top 25%
Debt / equity 1.31× · Higher than median

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 14.0× · Cheaper than median
P/B 3.87× · Pricier than 75% of peers
P/S (TTM) 0.96× · Cheaper than median
EV/EBITDA 6.4× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 72 · sector 10
FUTURE 100 · sector 0
PAST 79 · sector 11
HEALTH 35 · sector 67
DIVIDEND 0 · sector 50

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥28.02 ¥25.13 -10%
Ørsted A/S ORSTED kr 148.25 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.69 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,319 ₹169.61 -87%
AXIA Energia SA AXIAP $10.74 $9.54 -11%
VERBUND AG OEWA €56.80 €66.19 +17%
BEP BEP $34.23 $70.40 +106%
BEPUN BEPUN C$44.56 C$10.15 -77%
China Longyuan Power Group 001289 ¥15.92 ¥7.55 -53%
SDIC Power Holdings 600886 ¥13.95 ¥16.63 +19%

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Frequently asked questions

Is Cox ABG Group (COXG) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €14.46 versus a price of €11.20, about +29% (undervalued).
What is the fair value of COXG?
Our model-based fair value for Cox ABG Group is €14.46 (as of Aug 13, 2026), built from audited fundamentals. The current price is €11.20.
What is the quality score of COXG?
Cox ABG Group has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the net profit margin of COXG?
The net profit margin of Cox ABG Group is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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