Added to YB: 2026-09-14
Pitch date: 2026-09-10
COXG.MC [bullish]
Cox Infrastructure Group, S.A.
Author Info
No bio for this author
Company Info
Cox Infrastructure Group, S.A. operates an utilities company in South America, Mexico, Europe, Africa, Spain, Latin America, and internationally.
Market Cap
EUR 1.0B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
21.66
P/E
-18.48
EV/Sales
3.17
Sector
Independent Power and Renewable Electricity Producers
Category
value
3x Owners Earnings. Less than 1x 2028 EBITDA. Contracted cash flows. Conservative EBITDA 42.7% CAGR to 2028 - Cox Infrastructure Group, S.A.
COXG.MC: Cox Infrastructure combines contracted energy and water cash flows with a founder-controlled structure and substantial Phase 1 growth, yet trades at roughly 3x pro forma 2025 owner earnings of €365.9m and less than 1x management’s €1.6bn 2028 EBITDA target. Phase 1 adds 6,721 MW of generation and 710,000 m³/day of water capacity. Contractual cash-flow timing and expected capital-structure improvement by 2028 mitigate concern over €3.3bn of net debt, though reliance on €650m of asset sales remains an execution risk.
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