CALIX INC (CALX) Stock Fundamental Analysis
NYSE:CALX - New York Stock Exchange, Inc. - US13100M5094 - Common Stock - Currency: USD
Taking everything into account, CALX scores 5 out of 10 in our fundamental rating. CALX was compared to 51 industry peers in the Communications Equipment industry. While CALX has a great health rating, there are worries on its profitability. While showing a medium growth rate, CALX is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year CALX was profitable.
In the past year CALX had a positive cash flow from operations.
CALX had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CALX had a positive operating cash flow.
1.2 Ratios
CALX has a Return On Assets (-3.17%) which is comparable to the rest of the industry.
CALX's Return On Equity of -3.81% is in line compared to the rest of the industry. CALX outperforms 54.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.17% | ||
| ROE | -3.81% | ||
| ROIC | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CALX has a better Gross Margin (54.55%) than 74.00% of its industry peers.
In the last couple of years the Gross Margin of CALX has grown nicely.
The Profit Margin and Operating Margin are not available for CALX so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 54.55% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.29%
GM growth 5Y4.26%
2. Health
2.1 Basic Checks
CALX does not have a ROIC to compare to the WACC, probably because it is not profitable.
CALX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 10.71 indicates that CALX is not in any danger for bankruptcy at the moment.
CALX has a Altman-Z score of 10.71. This is amongst the best in the industry. CALX outperforms 94.00% of its industry peers.
There is no outstanding debt for CALX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 10.71 |
ROIC/WACCN/A
WACC9.33%
2.3 Liquidity
A Current Ratio of 4.46 indicates that CALX has no problem at all paying its short term obligations.
With an excellent Current ratio value of 4.46, CALX belongs to the best of the industry, outperforming 86.00% of the companies in the same industry.
CALX has a Quick Ratio of 3.68. This indicates that CALX is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 3.68, CALX belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.46 | ||
| Quick Ratio | 3.68 |
3. Growth
3.1 Past
The earnings per share for CALX have decreased strongly by -67.10% in the last year.
CALX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 53.42% yearly.
Looking at the last year, CALX shows a very negative growth in Revenue. The Revenue has decreased by -20.02% in the last year.
Measured over the past years, CALX shows a quite strong growth in Revenue. The Revenue has been growing by 14.40% on average per year.
EPS 1Y (TTM)-67.1%
EPS 3Y-28.24%
EPS 5Y53.42%
EPS Q2Q%-81.4%
Revenue 1Y (TTM)-20.02%
Revenue growth 3Y6.97%
Revenue growth 5Y14.4%
Sales Q2Q%-22.14%
3.2 Future
CALX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 65.65% yearly.
CALX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.37% yearly.
EPS Next Y41.2%
EPS Next 2Y65.65%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.86%
Revenue Next 2Y8.37%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 75.94 indicates a quite expensive valuation of CALX.
CALX's Price/Earnings is on the same level as the industry average.
CALX's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 29.63.
With a Price/Forward Earnings ratio of 53.78, CALX can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CALX indicates a slightly more expensive valuation: CALX is more expensive than 60.00% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of CALX to the average of the S&P500 Index (22.68), we can say CALX is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 75.94 | ||
| Fwd PE | 53.78 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as CALX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51.02 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CALX does not grow enough to justify the current Price/Earnings ratio.
CALX's earnings are expected to grow with 65.65% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.84
PEG (5Y)1.42
EPS Next 2Y65.65%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CALX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
38.73
-0.99 (-2.49%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)
Earnings (Next)
Inst Owners88.89%
Inst Owner Change1.98%
Ins Owners10.14%
Ins Owner Change0%
Market Cap2.57B
Analysts78.46
Price Target49.13 (26.85%)
Short Float %3.82%
Short Ratio3.79
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)24.52%
Min EPS beat(2)7.65%
Max EPS beat(2)41.39%
EPS beat(4)3
Avg EPS beat(4)19.67%
Min EPS beat(4)-7.62%
Max EPS beat(4)41.39%
EPS beat(8)7
Avg EPS beat(8)17.43%
EPS beat(12)11
Avg EPS beat(12)20.25%
EPS beat(16)15
Avg EPS beat(16)25.6%
Revenue beat(2)0
Avg Revenue beat(2)-1.46%
Min Revenue beat(2)-2.02%
Max Revenue beat(2)-0.9%
Revenue beat(4)0
Avg Revenue beat(4)-2.81%
Min Revenue beat(4)-5.05%
Max Revenue beat(4)-0.9%
Revenue beat(8)0
Avg Revenue beat(8)-1.93%
Revenue beat(12)3
Avg Revenue beat(12)-0.44%
Revenue beat(16)6
Avg Revenue beat(16)0.2%
PT rev (1m)0%
PT rev (3m)3.07%
EPS NQ rev (1m)21.69%
EPS NQ rev (3m)-36.2%
EPS NY rev (1m)3.04%
EPS NY rev (3m)3.04%
Revenue NQ rev (1m)0.97%
Revenue NQ rev (3m)-6.53%
Revenue NY rev (1m)0.7%
Revenue NY rev (3m)0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 75.94 | ||
| Fwd PE | 53.78 | ||
| P/S | 3.09 | ||
| P/FCF | 51.02 | ||
| P/OCF | 37.55 | ||
| P/B | 3.29 | ||
| P/tB | 3.86 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.51
EY1.32%
EPS(NY)0.72
Fwd EY1.86%
FCF(TTM)0.76
FCFY1.96%
OCF(TTM)1.03
OCFY2.66%
SpS12.54
BVpS11.78
TBVpS10.02
PEG (NY)1.84
PEG (5Y)1.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.17% | ||
| ROE | -3.81% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 54.55% | ||
| FCFM | 6.05% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.29%
GM growth 5Y4.26%
F-Score5
Asset Turnover0.89
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 92.35% | ||
| Cap/Sales | 2.17% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 4.46 | ||
| Quick Ratio | 3.68 | ||
| Altman-Z | 10.71 |
F-Score5
WACC9.33%
ROIC/WACCN/A
Cap/Depr(3y)99.33%
Cap/Depr(5y)84.93%
Cap/Sales(3y)1.84%
Cap/Sales(5y)1.7%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-67.1%
EPS 3Y-28.24%
EPS 5Y53.42%
EPS Q2Q%-81.4%
EPS Next Y41.2%
EPS Next 2Y65.65%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-20.02%
Revenue growth 3Y6.97%
Revenue growth 5Y14.4%
Sales Q2Q%-22.14%
Revenue Next Year3.86%
Revenue Next 2Y8.37%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-268.2%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year124.78%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y31.12%
FCF growth 3Y2.81%
FCF growth 5YN/A
OCF growth 1Y21.6%
OCF growth 3Y6.39%
OCF growth 5Y71.21%