CALIX INC (CALX)

US13100M5094 - Common Stock

33.16  -0.34 (-1.01%)

After market: 33.16 0 (0%)

Fundamental Rating

5

Overall CALX gets a fundamental rating of 5 out of 10. We evaluated CALX against 56 industry peers in the Communications Equipment industry. CALX has an excellent financial health rating, but there are some minor concerns on its profitability. While showing a medium growth rate, CALX is valued expensive at the moment.



6

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.
Of the past 5 years CALX 4 years were profitable.
In the past 5 years CALX always reported a positive cash flow from operatings.

1.2 Ratios

The Return On Assets of CALX (3.11%) is better than 75.00% of its industry peers.
CALX has a Return On Equity of 4.08%. This is in the better half of the industry: CALX outperforms 69.64% of its industry peers.
CALX has a Return On Invested Capital of 2.72%. This is in the better half of the industry: CALX outperforms 62.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CALX is below the industry average of 10.58%.
Industry RankSector Rank
ROA 3.11%
ROE 4.08%
ROIC 2.72%
ROA(3y)13.29%
ROA(5y)8.42%
ROE(3y)17.35%
ROE(5y)10.5%
ROIC(3y)6.04%
ROIC(5y)N/A

1.3 Margins

Looking at the Profit Margin, with a value of 2.82%, CALX is in the better half of the industry, outperforming 66.07% of the companies in the same industry.
In the last couple of years the Profit Margin of CALX has declined.
CALX has a Operating Margin of 2.46%. This is in the better half of the industry: CALX outperforms 60.71% of its industry peers.
In the last couple of years the Operating Margin of CALX has declined.
CALX has a Gross Margin of 49.86%. This is in the better half of the industry: CALX outperforms 75.00% of its industry peers.
CALX's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 2.46%
PM (TTM) 2.82%
GM 49.86%
OM growth 3Y-32.39%
OM growth 5YN/A
PM growth 3Y-23.05%
PM growth 5YN/A
GM growth 3Y0.35%
GM growth 5Y2.19%

8

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CALX is destroying value.
CALX has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, CALX has more shares outstanding
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.

2.2 Solvency

An Altman-Z score of 7.02 indicates that CALX is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 7.02, CALX belongs to the best of the industry, outperforming 94.64% of the companies in the same industry.
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 RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 7.02
ROIC/WACC0.31
WACC8.84%

2.3 Liquidity

CALX has a Current Ratio of 3.19. This indicates that CALX is financially healthy and has no problem in meeting its short term obligations.
CALX has a better Current ratio (3.19) than 78.57% of its industry peers.
A Quick Ratio of 2.48 indicates that CALX has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.48, CALX is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.19
Quick Ratio 2.48

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 38.39% over the past year.
The Earnings Per Share has been growing by 17.73% on average over the past years. This is quite good.
Looking at the last year, CALX shows a quite strong growth in Revenue. The Revenue has grown by 19.79% in the last year.
CALX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.69% yearly.
EPS 1Y (TTM)38.39%
EPS 3Y17.73%
EPS 5YN/A
EPS growth Q2Q26.47%
Revenue 1Y (TTM)19.79%
Revenue growth 3Y24.31%
Revenue growth 5Y18.69%
Revenue growth Q2Q8.27%

3.2 Future

Based on estimates for the next years, CALX will show a small growth in Earnings Per Share. The EPS will grow by 6.70% on average per year.
Based on estimates for the next years, CALX will show a small growth in Revenue. The Revenue will grow by 1.96% on average per year.
EPS Next Y-29.49%
EPS Next 2Y6.7%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-8.44%
Revenue Next 2Y1.96%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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.

2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 21.39, which indicates a rather expensive current valuation of CALX.
Based on the Price/Earnings ratio, CALX is valued a bit cheaper than the industry average as 64.29% of the companies are valued more expensively.
CALX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.48.
A Price/Forward Earnings ratio of 30.34 indicates a quite expensive valuation of CALX.
CALX's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.79, CALX is valued a bit more expensive.
Industry RankSector Rank
PE 21.39
Fwd PE 30.34

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as CALX.
CALX's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 56.49
EV/EBITDA 42.44

4.3 Compensation for Growth

CALX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y6.7%
EPS Next 3YN/A

0

5. Dividend

5.1 Amount

CALX does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

CALIX INC

NYSE:CALX (3/28/2024, 8:04:00 PM)

After market: 33.16 0 (0%)

33.16

-0.34 (-1.01%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.17B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield N/A
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 21.39
Fwd PE 30.34
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 3.11%
ROE 4.08%
ROCE
ROIC
ROICexc
ROICexgc
OM 2.46%
PM (TTM) 2.82%
GM 49.86%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.1
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 3.19
Quick Ratio 2.48
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)38.39%
EPS 3Y17.73%
EPS 5Y
EPS growth Q2Q
EPS Next Y-29.49%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)19.79%
Revenue growth 3Y24.31%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y