Calix Inc
Find Ratings ReportsCALIX INC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. CALIX INC has strong liquidity. Currently, the Quick Ratio is 1.85 which shows the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 5.80% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 264.73 | 244.5 |
EBITDA ($mil) | 24.28 | 16.53 |
EBIT ($mil) | 19.83 | 13.05 |
Net Income ($mil) | -6.6 | 11.93 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 220.35 | 241.72 |
Total Assets ($mil) | 941.87 | 884.84 |
Total Debt ($mil) | 11.56 | 12.39 |
Equity ($mil) | 718.98 | 679.57 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 55.29 | 52.5 |
EBITDA Margin | 9.17 | 6.76 |
Operating Margin | 7.49 | 5.34 |
Sales Turnover | 1.1 | 0.98 |
Return on Assets | 3.11 | 4.63 |
Return on Equity | 4.08 | 6.03 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 3.19 | 3.31 |
Debt/Capital | 0.02 | 0.02 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 65.05 | 65.74 |
Div / share | 0.0 | 0.0 |
EPS | -0.1 | 0.17 |
Book value / share | 11.05 | 10.34 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 793370.0 | 762279.0 |
HOLD. CALIX INC's P/E ratio indicates a significant premium compared to an average of 53.34 for the Computer and Electronic Product Manufacturing subsector and a significant premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 3.04 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 23.59. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount.
Price/Earnings |
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Price/Cash Flow |
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CALX 82.02 | Peers 53.34 | CALX 38.89 | Peers 44.47 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. CALX is trading at a significant premium to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. CALX is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CALX 19.61 | Peers 26.06 | CALX 0.53 | Peers 1.95 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. CALX is trading at a premium to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. CALX trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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CALX 3.04 | Peers 23.59 | CALX -30.51 | Peers 123.02 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. CALX is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, CALX is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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CALX 2.10 | Peers 14.13 | CALX 19.79 | Peers 27.20 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. CALX is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. CALX significantly trails its peers on the basis of sales growth. |
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