NYSE:CALX

Stock Analysis Report

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Market Cap

US$2.7b

Last Updated

2021/06/20 22:58 UTC

Data Sources

Company Financials +

Executive Summary

Calix, Inc., together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, the Middle East, Canada, Europe, the Caribbean, and internationally. More Details


Snowflake Analysis

Flawless balance sheet with acceptable track record.


Similar Companies

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: CALX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: CALX's weekly volatility (10%) has been stable over the past year.


Market Performance


7 Day Return

-9.0%

CALX

-4.9%

US Communications

-1.9%

US Market


1 Year Return

204.8%

CALX

18.9%

US Communications

38.2%

US Market

Return vs Industry: CALX exceeded the US Communications industry which returned 18.9% over the past year.

Return vs Market: CALX exceeded the US Market which returned 38.2% over the past year.


Shareholder returns

CALXIndustryMarket
7 Day-9.0%-4.9%-1.9%
30 Day-2.0%-0.03%1.0%
90 Day-8.0%2.2%3.8%
1 Year204.8%204.8%22.1%18.9%40.4%38.2%
3 Year432.6%432.6%25.6%16.7%57.5%47.8%
5 Year532.2%532.2%97.2%74.6%127.2%101.7%

Long-Term 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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CALX ($42.61) is trading below our estimate of fair value ($184.47)

Significantly Below Fair Value: CALX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CALX is poor value based on its PE Ratio (42.3x) compared to the US Communications industry average (34.7x).

PE vs Market: CALX is poor value based on its PE Ratio (42.3x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CALX is overvalued based on its PB Ratio (8.5x) compared to the US Communications industry average (2.3x).


Future Growth

How is Calix forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

12.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CALX's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if CALX's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CALX's revenue (12.9% per year) is forecast to grow faster than the US market (9.5% per year).

High Growth Revenue: CALX's revenue (12.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CALX's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Calix performed over the past 5 years?

40.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CALX has high quality earnings.

Growing Profit Margin: CALX became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CALX has become profitable over the past 5 years, growing earnings by 40% per year.

Accelerating Growth: CALX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CALX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Communications industry (89.3%).


Return on Equity

High ROE: CALX's Return on Equity (19.4%) is considered low.


Financial Health

How is Calix's financial position?


Financial Position Analysis

Short Term Liabilities: CALX's short term assets ($309.8M) exceed its short term liabilities ($109.4M).

Long Term Liabilities: CALX's short term assets ($309.8M) exceed its long term liabilities ($44.0M).


Debt to Equity History and Analysis

Debt Level: CALX is debt free.

Reducing Debt: CALX had no debt 5 years ago.

Debt Coverage: CALX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CALX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate CALX'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 CALX's dividends per share have been stable in the past.

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


Next Steps

Management

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

3.9yrs

Average management tenure


CEO

Carl Russo (64 yo)

18.5yrs

Tenure

US$6,894,750

Compensation

Mr. Carl E. Russo has been the Chief Executive Officer of Calix Inc. (alternative name, Calix Networks, Inc) since December 2002. He served as President at Calix, Inc. since December 2002 until January 27,...


CEO Compensation Analysis

Compensation vs Market: Carl's total compensation ($USD6.89M) is about average for companies of similar size in the US market ($USD5.38M).

Compensation vs Earnings: Carl's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CALX's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: CALX's board of directors are considered experienced (7.8 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 been diluted in the past year, with total shares outstanding growing by 11%.


Top Shareholders

Company Information

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


Key Information

  • Name: Calix, Inc.
  • Ticker: CALX
  • Exchange: NYSE
  • Founded: 1999
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: US$2.678b
  • Shares outstanding: 62.85m
  • Website: https://www.calix.com

Number of Employees


Location

  • Calix, Inc.
  • 2777 Orchard Parkway
  • San Jose
  • California
  • 95134
  • United States

Listings


Biography

Calix, Inc., together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, the Middle East, Canada, Europe, the Caribbean, and internationally. The c...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/20 22:58
End of Day Share Price2021/06/18 00:00
Earnings2021/04/03
Annual Earnings2020/12/31


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.