Company Valuation: Calix Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 423.3 988.4 755.5 257.6 72.99 71.21 - -
Change - 133.47% -23.56% -65.91% -71.67% -2.44% - -
Enterprise Value (EV) 1 408.2 964.9 682.4 217.9 52.64 54.79 56.25 63.19
Change - 136.37% -29.28% -68.07% -75.84% 4.08% 2.67% 12.35%
P/E -44.1x -59.5x -29.9x -9.83x -3.54x -1.46x -6.37x -7.66x
PBR 10.5x - - - - - - -
PEG - -0.8x -0.8x -2.86x 0.1x -0x 0.1x 0.5x
Capitalization / Revenue 22x 53.5x 40.6x 10.6x 2.59x 1.93x 1.56x 1.31x
EV / Revenue 21.2x 52.2x 36.7x 9.01x 1.87x 1.49x 1.23x 1.16x
EV / EBITDA 10,366x -79.4x -38.7x -11.5x -1.82x -5.54x -13.4x -15.5x
EV / EBIT -58.9x -59x -29x -8.35x -1.36x -3.05x -4.67x -5.2x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.0605 -0.1029 -0.1396 -0.1444 -0.0961 -0.2263 -0.0518 -0.0431
Distribution rate - - - - - - - -
Net sales 1 19.21 18.47 18.6 24.19 28.17 36.88 45.58 54.37
EBITDA 1 0.0394 -12.14 -17.63 -18.88 -28.95 -9.891 -4.2 -4.075
EBIT 1 -6.934 -16.37 -23.49 -26.09 -38.74 -17.98 -12.06 -12.15
Net income 1 -9.107 -16.51 -23.19 -25.26 -19.17 -33.81 -13.28 -11.84
Net Debt 1 -15.13 -23.51 -73.15 -39.7 -20.35 -16.42 -14.96 -8.014
Reference price 2 2.6700 6.1200 4.1700 1.4200 0.3400 0.3300 0.3300 0.3300
Nbr of stocks (in thousands) 158,551 161,498 181,183 181,406 214,675 215,785 - -
Announcement Date 8/23/21 A 8/23/22 A 8/23/23 A 8/26/24 A 8/25/25 A - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-1.5x1.54x-5.76x - 51.19M
27.3x4.28x13.81x2.09% 126B
51.29x1.37x8.67x6.12% 40.99B
14.32x4.29x29.6x2.76% 38.46B
12.59x1.22x6.92x2.43% 34.32B
10.37x3.06x7.57x4.27% 24.65B
6.26x0.83x5.5x4.74% 18.79B
16.36x - - - 18.4B
67.8x12.06x44.66x0.08% 17.28B
10.15x0.89x7.91x3.46% 17B
Average 21.49x 3.28x 13.21x 3.24% 33.55B
Weighted average by Cap. 25.43x 3.51x 14.70x 3.02%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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