Editor’s Note
This article highlights a remarkable outlier in the Spanish market—a small-cap stock surging over 71% this year. While coverage remains limited, analysts see further potential. As the Ibex enjoys strong gains, this piece examines a standout performer flying under the radar.
One of the smallest companies by market capitalization on the Spanish stock exchange is standing out positively this year with an advance of over 71%. Only one investment firm covers its stock, and it is clear that it is a buy option with cards to play for further gains.
The Spanish stock market is walking with firm steps this year. The Ibex has gained over 31% since the start of the year and is trading above 15,300 points. The General Index is also positive, with a similar advance, and there are small-cap companies that have been doing very well since the beginning of January.
Among the smaller capitalization companies in the Spanish market, one is flying very high on the stock exchange. It is Nextil (Nueva Expresión Textil), which is up more than 71.3% in 2025. With a market capitalization of 256 million euros, it has taken flight after two negative years, during which it had lost 14%. Due to its small size, only one investment firm, Renta 4, covers its stock, believing the company is a rough diamond for medium-term investment.
The company manufactures textile products and produces elastic fabrics and luxury garments for premium brands, sports, underwear, and swimwear. It pleased the market with its business evolution and announced this week “the most relevant and highest-volume contract in its history with the American giant Maxum International Group.” It is valued at 175 million dollars (about 149 million euros). After the news, the stock soared 7.6% in the session.
The American Maxum manages volumes in the retail market of over 2 billion dollars with reference clients such as Costco, BJ’s, Sam’s, Home Depot, Lowe’s, Dick’s, Bass Pro Cabelas, Panama Jack USA, Emerson Electric, and Walmart, among others.
César Sánchez-Grande, an analyst at Renta 4, believes that Nextil offers a vertical service that integrates the entire production process, from design to the manufacturing of fabrics and garments. Its activity is divided into three business units: Premium Fabric, Luxury-Premium Garment, and Greendyes, its natural dye solution for clothing.
Today, Nextil is focused on completing the industrial restructuring of its business, concentrating Fabric activity in Guatemala, Garment activity in Portugal, and closing agreements with strategic partners to finally make Greendyes a reality.
Simultaneously, the restoration of equity balance is a priority. To achieve this, the company has designed a clear action plan that includes: a capital increase of 20 million euros (carried out at the end of 2024), the sale of assets for 4 million euros through a sale and leaseback of its production facilities in Portugal, and the entry of a local partner in Guatemala with a contribution of 7 million dollars.
This new strategic plan should translate into spectacular growth in the 2024-2027 period, with a compound annual growth rate (CAGR) of 70.9%, reaching 120 million euros, which would allow achieving an EBITDA of 28.6 million compared to 5.1 million in 2024.
For experts, Nextil offers a growth story based on a deep industrial, financial, and organizational restructuring, backed by a strategic plan they consider adequate and ambitious. Therefore, Renta 4 advises overweighting the company and gives it a target price of 0.64 euros, 7% above its current price.