Added to YB: 2024-05-09
Pitch date: 2024-05-08
CLX.L [bullish]
Calnex Solutions plc
-15.64%
current return
Author Info
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Company Info
Calnex Solutions plc designs, produces, and markets test instrumentation and solutions for network synchronization, and network emulation for telecoms networks, enterprise networks, and data centers in the Americas, North Asia, and internationally.
Market Cap
GBP 43.5M
Pitch Price
GBP 0.52
Price Target
N/A
Dividend
1.88%
EV/EBITDA
29.38
P/E
137.54
EV/Sales
1.84
Sector
Communications Equipment
Category
turnaround
Calnex Solutions - Momentum Financial
Calnex Solutions (CLX.L): UK test equipment maker for telecoms hit by macro slowdown; H1 sales -38% but demand drop seen as temporary. High 40% EBITDA margins, ROCE vs peers. Trades at 5x EBITDA, 1/4 of comps. Well-run by founder-CEO with 20% stake. Upside: growth resumes to 20%+ driving 20-30% IRR. Downside: multiples to 15x PE limits losses.
Read full article (7 min)