ASX:CXL

Stock Analysis Report

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Executive Summary

Calix Limited provides industrial solutions to address global sustainability challenges in Australia and internationally. More Details


Snowflake Analysis

Excellent balance sheet with limited growth.

Share Price & News

How has Calix's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CXL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.9%

CXL

-3.9%

AU Chemicals

-3.5%

AU Market


1 Year Return

12.8%

CXL

-35.4%

AU Chemicals

-9.2%

AU Market

Return vs Industry: CXL exceeded the Australian Chemicals industry which returned -35.4% over the past year.

Return vs Market: CXL exceeded the Australian Market which returned -9.2% over the past year.


Shareholder returns

CXLIndustryMarket
7 Day-1.9%-3.9%-3.5%
30 Day-11.7%-4.7%0.5%
90 Day0.6%-5.0%2.3%
1 Year12.8%12.8%-34.5%-35.4%-6.0%-9.2%
3 Yearn/a-34.2%-37.7%12.4%-1.8%
5 Yearn/a-23.9%-32.2%39.6%10.8%

Price Volatility Vs. Market

How volatile is Calix's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Calix undervalued compared to its fair value and its price relative to the market?

4.47x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CXL (A$0.8) is trading above our estimate of fair value (A$0.22)

Significantly Below Fair Value: CXL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CXL is unprofitable, so we can't compare its PE Ratio to the AU Chemicals industry average.

PE vs Market: CXL is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CXL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CXL is overvalued based on its PB Ratio (4.5x) compared to the AU Chemicals industry average (3.8x).


Next Steps

Future Growth

How is Calix forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

53.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CXL is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CXL is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CXL is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CXL's revenue (27.3% per year) is forecast to grow faster than the Australian market (5% per year).

High Growth Revenue: CXL's revenue (27.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CXL is forecast to be unprofitable in 3 years.


Next Steps

  • Explore growth companies in the Materials industry.

Past Performance

How has Calix performed over the past 5 years?

-25.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CXL is currently unprofitable.

Growing Profit Margin: CXL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CXL is unprofitable, and losses have increased over the past 5 years at a rate of 25.7% per year.

Accelerating Growth: Unable to compare CXL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CXL is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-3.7%).


Return on Equity

High ROE: CXL has a negative Return on Equity (-26.98%), as it is currently unprofitable.


Next Steps

Financial Health

How is Calix's financial position?


Financial Position Analysis

Short Term Liabilities: CXL's short term assets (A$19.4M) exceed its short term liabilities (A$15.5M).

Long Term Liabilities: CXL's short term assets (A$19.4M) exceed its long term liabilities (A$1.0M).


Debt to Equity History and Analysis

Debt Level: CXL's debt to equity ratio (0.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if CXL's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable CXL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CXL is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 28.7% per year.


Next Steps

Dividend

What is Calix current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CXL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CXL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CXL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CXL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CXL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.1yrs

Average management tenure


CEO

Phil Hodgson

7.75yrs

Tenure

AU$569,701

Compensation

Dr. Philip Hargraves Hodgson also known as Phil, BE, PhD has been Chief Executive Officer of Calix Limited since 2013 and serves as its Managing Director. He has been Director of Calix Limited since Februa ...


CEO Compensation Analysis

Compensation vs Market: Phil's total compensation ($USD399.57K) is above average for companies of similar size in the Australian market ($USD275.10K).

Compensation vs Earnings: Phil's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Philip Hodgson
MD, CEO & Director7.75yrsAU$569.70k2.75%
A$ 3.3m
Mark Sceats
Co-Founder6.75yrsAU$430.16k5.34%
A$ 6.3m
Darren Charles
CFO & Company Secretary9.75yrsAU$409.38k0.52%
A$ 614.3k
Bill Karis
General Manager of Sales2.42yrsAU$331.40k0.0097%
A$ 11.5k
Andrew Okely
General Manager of Strategy & Commercialno dataAU$371.56k0.50%
A$ 589.6k
Vincent Nguyen
Operations Manager1.58yrsno datano data
Audrey Barucchi
General Manager of Marketing1.5yrsno datano data

5.1yrs

Average Tenure

Experienced Management: CXL's management team is seasoned and experienced (5.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Philip Hodgson
MD, CEO & Director7.75yrsAU$569.70k2.75%
A$ 3.3m
Mark Sceats
Co-Founder6.75yrsAU$430.16k5.34%
A$ 6.3m
John Hamilton
Independent Non-Executive Director7.92yrsAU$150.83k1.48%
A$ 1.8m
Lance Adrian O'Neill
Independent Director6.58yrsAU$85.34k0.093%
A$ 110.4k
Peter Turnbull
Non-Executive Chairman7.75yrsAU$210.00k0.76%
A$ 897.6k
Helen Fisher
Independent Non-Executive Director0.083yrno datano data

6.7yrs

Average Tenure

64yo

Average Age

Experienced Board: CXL's board of directors are considered experienced (6.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Calix Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Calix Limited
  • Ticker: CXL
  • Exchange: ASX
  • Founded: 2005
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: AU$118.732m
  • Shares outstanding: 148.41m
  • Website: https://www.calix.global

Location

  • Calix Limited
  • 9-11 Bridge Street
  • Level 1
  • Sydney
  • New South Wales
  • 2073
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CXLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJul 2018
CXLCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJul 2018

Biography

Calix Limited provides industrial solutions to address global sustainability challenges in Australia and internationally. The company offers ACTI-Mag, a solution for phosphate removal, pH and boost alkalin ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 10:42
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.