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CALIX INC (CALX) Stock Fundamental Analysis

NYSE:CALX - New York Stock Exchange, Inc. - US13100M5094 - Common Stock - Currency: USD

37.61  +4.36 (+13.11%)

After market: 38.2 +0.59 (+1.57%)

Fundamental Rating

5

Overall CALX gets a fundamental rating of 5 out of 10. We evaluated CALX against 49 industry peers in the Communications Equipment industry. No worries on liquidiy or solvency for CALX as it has an excellent financial health rating, but there are worries on the profitability. CALX is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

CALX had positive earnings in the past year.
CALX had a positive operating cash flow in the past year.
CALX had positive earnings in 4 of the past 5 years.
CALX had a positive operating cash flow in each of the past 5 years.
CALX Yearly Net Income VS EBIT VS OCF VS FCFCALX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M

1.2 Ratios

CALX has a Return On Assets (-3.17%) which is comparable to the rest of the industry.
CALX has a Return On Equity (-3.81%) which is comparable to the rest of the industry.
Industry RankSector 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
CALX Yearly ROA, ROE, ROICCALX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

1.3 Margins

CALX has a better Gross Margin (54.55%) than 73.47% of its industry peers.
In the last couple of years the Gross Margin of CALX has grown nicely.
CALX does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector 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%
CALX Yearly Profit, Operating, Gross MarginsCALX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

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8

2. Health

2.1 Basic Checks

CALX does not have a ROIC to compare to the WACC, probably because it is not profitable.
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.
CALX Yearly Shares OutstandingCALX Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
CALX Yearly Total Debt VS Total AssetsCALX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

2.2 Solvency

An Altman-Z score of 10.23 indicates that CALX is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 10.23, CALX belongs to the best of the industry, outperforming 93.88% of the companies in the same industry.
CALX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 10.23
ROIC/WACCN/A
WACC9.65%
CALX Yearly LT Debt VS Equity VS FCFCALX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

CALX has a Current Ratio of 4.46. This indicates that CALX is financially healthy and has no problem in meeting its short term obligations.
CALX has a better Current ratio (4.46) than 87.76% of its industry peers.
A Quick Ratio of 3.68 indicates that CALX has no problem at all paying its short term obligations.
The Quick ratio of CALX (3.68) is better than 89.80% of its industry peers.
Industry RankSector Rank
Current Ratio 4.46
Quick Ratio 3.68
CALX Yearly Current Assets VS Current LiabilitesCALX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

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5

3. Growth

3.1 Past

The earnings per share for CALX have decreased strongly by -66.21% in the last year.
Measured over the past years, CALX shows a very strong growth in Earnings Per Share. The EPS has been growing by 53.42% on average per year.
CALX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -20.02%.
The Revenue has been growing by 14.40% on average over the past years. This is quite good.
EPS 1Y (TTM)-66.21%
EPS 3Y-28.24%
EPS 5Y53.42%
EPS Q2Q%-9.52%
Revenue 1Y (TTM)-20.02%
Revenue growth 3Y6.97%
Revenue growth 5Y14.4%
Sales Q2Q%-2.68%

3.2 Future

Based on estimates for the next years, CALX will show a very strong growth in Earnings Per Share. The EPS will grow by 60.50% on average per year.
The Revenue is expected to grow by 8.24% on average over the next years. This is quite good.
EPS Next Y39.67%
EPS Next 2Y60.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.63%
Revenue Next 2Y8.24%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CALX Yearly Revenue VS EstimatesCALX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M 1B
CALX Yearly EPS VS EstimatesCALX Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.5 -0.5 1 -1 1.5

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2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 76.76, CALX can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of CALX is on the same level as its industry peers.
CALX is valuated expensively when we compare the Price/Earnings ratio to 28.33, which is the current average of the S&P500 Index.
CALX is valuated quite expensively with a Price/Forward Earnings ratio of 28.63.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CALX is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 21.37. CALX is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 76.76
Fwd PE 28.63
CALX Price Earnings VS Forward Price EarningsCALX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

The rest of the industry has a similar Price/Free Cash Flow ratio as CALX.
Industry RankSector Rank
P/FCF 49.79
EV/EBITDA N/A
CALX Per share dataCALX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

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.
A more expensive valuation may be justified as CALX's earnings are expected to grow with 60.50% in the coming years.
PEG (NY)1.94
PEG (5Y)1.44
EPS Next 2Y60.5%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for CALX!.
Industry RankSector Rank
Dividend Yield N/A

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CALIX INC

NYSE:CALX (4/22/2025, 8:04:00 PM)

After market: 38.2 +0.59 (+1.57%)

37.61

+4.36 (+13.11%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)04-21 2025-04-21/amc
Earnings (Next)07-21 2025-07-21/amc
Inst Owners88.89%
Inst Owner Change0.14%
Ins Owners10.14%
Ins Owner Change0.01%
Market Cap2.51B
Analysts80
Price Target51.2 (36.13%)
Short Float %3.4%
Short Ratio3.01
Dividend
Industry RankSector 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)11.97%
EPS NQ rev (1m)-1.29%
EPS NQ rev (3m)17.29%
EPS NY rev (1m)-1.09%
EPS NY rev (3m)1.93%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.82%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.49%
Valuation
Industry RankSector Rank
PE 76.76
Fwd PE 28.63
P/S 3.01
P/FCF 49.79
P/OCF 36.65
P/B 3.21
P/tB 3.77
EV/EBITDA N/A
EPS(TTM)0.49
EY1.3%
EPS(NY)1.31
Fwd EY3.49%
FCF(TTM)0.76
FCFY2.01%
OCF(TTM)1.03
OCFY2.73%
SpS12.48
BVpS11.72
TBVpS9.97
PEG (NY)1.94
PEG (5Y)1.44
Profitability
Industry RankSector 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 RankSector 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 10.23
F-Score5
WACC9.65%
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)-66.21%
EPS 3Y-28.24%
EPS 5Y53.42%
EPS Q2Q%-9.52%
EPS Next Y39.67%
EPS Next 2Y60.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-20.02%
Revenue growth 3Y6.97%
Revenue growth 5Y14.4%
Sales Q2Q%-2.68%
Revenue Next Year3.63%
Revenue Next 2Y8.24%
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%