ENXTPA:ALKAL

Stock Analysis Report

Executive Summary

Kalray S.A. provides low-power and time-critical processor solutions in France.

Snowflake

Fundamentals

Exceptional growth potential with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-3.6%

ALKAL

-0.5%

FR Semiconductor

-0.4%

FR Market


1 Year Return

-2.7%

ALKAL

33.6%

FR Semiconductor

9.5%

FR Market

Return vs Industry: ALKAL underperformed the French Semiconductor industry which returned 33.6% over the past year.

Return vs Market: ALKAL underperformed the French Market which returned 9.5% over the past year.


Shareholder returns

ALKALIndustryMarket
7 Day-3.6%-0.5%-0.4%
30 Day-14.6%4.8%0.06%
90 Day-16.3%13.9%0.04%
1 Year-2.7%-2.7%35.2%33.6%13.3%9.5%
3 Yearn/a193.1%181.9%42.5%28.7%
5 Yearn/a272.0%218.5%71.0%45.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.86x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate ALKAL's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate ALKAL's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ALKAL is overvalued based on its PB Ratio (1.9x) compared to the FR Semiconductor industry average (1.7x).


Next Steps

Future Growth

How is Kalray forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

50.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALKAL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.7%).

Earnings vs Market: ALKAL is forecast to become profitable over the next 3 year, which is considered above average market growth.

High Growth Earnings: ALKAL's loss is forecast to worsen by 0% next year.

Revenue vs Market: ALKAL's revenue (59% per year) is forecast to grow faster than the French market (4.4% per year).

High Growth Revenue: ALKAL's revenue (59% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: ALKAL's Return on Equity is forecast to be high in 3 years time (21.2%)


Next Steps

Past Performance

How has Kalray performed over the past 5 years?

-24.7%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ALKAL is unprofitable, and there is insufficient past data to establish if their past 5-year earnings growth rate was positive.

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

Earnings vs Industry: ALKAL is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-4.8%).


Return on Equity

High ROE: ALKAL has a negative Return on Equity (-24.01%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ALKAL is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ALKAL is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Kalray's financial position?


Financial Position Analysis

Short Term Liabilities: ALKAL's short term assets (€33.6M) exceeds its short term liabilities (€7.8M)

Long Term Liabilities: ALKAL's short term assets (33.6M) exceeds its long term liabilities (6.8M)


Debt to Equity History and Analysis

Debt Level: ALKAL's debt to equity ratio (17.6%) is considered satisfactory

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


Balance Sheet

Inventory Level: ALKAL has a low level of unsold assets or inventory.

Debt Coverage by Assets: ALKAL's debt is covered by short term assets (assets are 5.355120x debt).


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: Insufficient data to determine if ALKAL has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ALKAL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Kalray's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.6%markettop25%4.7%industryaverage1.3%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if ALKAL'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 ALKAL's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

What is the CEO of Kalray's salary, the management and board of directors tenure and is there insider trading?


CEO

Eric Baissus 0

5.8yrs

Tenure

0

Mr. Eric Baissus co-founded Open-Plug SA in 2002 and served as its President, Chief Executive Officer and Chief Technology Officer. Mr. Baissus has been Chief Executive Officer of Kalray S.A. since 2014. H ...


Insider Trading

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


Ownership Breakdown


Management Team

  • Eric Baissus

    Chief Executive Officer

    • Tenure: 5.8yrs
  • Anne Gabrot

    Chief Financial Officer

    • Tenure: 0yrs
  • Loïc Hamon

    Vice President of Corporate Development & Strategic Marketing

    • Tenure: 0yrs
  • Benoît de Dinechin

    Chief Technical Officer

    • Tenure: 0yrs
  • Olivier Lauvray

    Executive Vice President Worldwide Sales & Data Center Business Unit

    • Tenure: 0.9yrs

Board Members

  • Eric Bantégnie

    Vice Chairman of Supervisory Board

    • Tenure: 1.8yrs
  • Gilles Defassy

    President of Supervisory Board

    • Tenure: 0yrs

Company Information

Kalray S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kalray S.A.
  • Ticker: ALKAL
  • Exchange: ENXTPA
  • Founded:
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: €66.108m
  • Shares outstanding: 4.53m
  • Website: https://www.kalrayinc.com

Number of Employees


Location

  • Kalray S.A.
  • 180 avenue de l’Europe
  • Montbonnot Saint Martin
  • Rhône-Alpes
  • 38330
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALKALENXTPA (Euronext Paris)YesCommon SharesFREURJun 2018
3FSDB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2018

Biography

Kalray S.A. provides low-power and time-critical processor solutions in France. It offers massively parallel manycore array processors. The company also provides data center solutions, including Kalray Tar ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:09
End of Day Share Price2019/10/18 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.