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Calix Ltd.
(Sydney:CXL)
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Rating:44Neutral
Price Target:
AU$0.19
▼(-25.38% Downside)
Action:Reiterated
Date:08/27/26
The score is weighed down primarily by persistent large losses and ongoing cash burn, alongside balance-sheet erosion (shrinking equity/assets) despite low debt. Technicals also point to a sustained downtrend with weak momentum. Revenue growth and improved gross profit provide some support, but are not yet translating into profitability or positive cash generation.
Positive Factors
Revenue Growth
Strong multi-year revenue expansion indicates increasing commercial traction and a growing customer or market opportunity. If this momentum persists, the larger revenue base could improve operating leverage and provide a foundation for scaling the company’s platform and services.
Negative Factors
Persistent Net Losses
Recurring and widening net losses show that revenue growth and positive gross profit have not yet translated into a sustainable earnings model. Continued losses can consume financial resources, restrict investment capacity, and make a durable path to profitability increasingly difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong multi-year revenue expansion indicates increasing commercial traction and a growing customer or market opportunity. If this momentum persists, the larger revenue base could improve operating leverage and provide a foundation for scaling the company’s platform and services.
Read all positive factors
Calix Ltd. (CXL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$43.25M
Dividend YieldN/A
Average Volume (3M)183.09K
Price to Earnings (P/E)―
Beta (1Y)1.87
Revenue Growth27.85%
EPS Growth-141.00%
CountryAU
Employees100
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-0.24
Shares Outstanding216,236,180
10 Day Avg. Volume187,363
30 Day Avg. Volume183,088
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)2.30
Price to Sales (P/S)2.45
P/FCF Ratio-4.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.35Price Target Upside419.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.06
Revenue Forecast (FY)AU$42.65M
Calix Ltd. Business Overview & Revenue Model
Company Description
Calix Limited, an Australian company established in Sydney in 2005, delivers industrial-scale solutions aimed at confronting worldwide sustainability concerns. Operating across Australia, Europe, the United States, and South East Asia, its product...
Calix Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
21
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 36.02M | 27.74M | 24.19M | 18.60M | 18.47M |
| Gross Profit | 5.83M | 10.22M | 10.29M | -2.40M | 1.01M |
| EBITDA | -17.44M | -11.24M | -18.89M | -25.03M | -12.69M |
| Net Income | -51.03M | -19.17M | -25.26M | -23.19M | -16.34M |
Balance Sheet | |||||
| Total Assets | 60.95M | 110.38M | 112.40M | 127.51M | 61.21M |
| Cash, Cash Equivalents and Short-Term Investments | 9.77M | 22.98M | 42.96M | 74.47M | 24.98M |
| Total Debt | 3.41M | 2.63M | 3.26M | 1.32M | 1.47M |
| Total Liabilities | 23.80M | 22.83M | 28.39M | 22.55M | 16.41M |
| Stockholders Equity | 38.42M | 88.29M | 83.79M | 103.73M | 43.49M |
Cash Flow | |||||
| Free Cash Flow | -19.70M | -39.59M | -33.13M | -30.29M | -12.76M |
| Operating Cash Flow | -11.38M | -28.67M | -13.68M | -17.26M | -3.74M |
| Investing Cash Flow | -3.59M | -10.64M | -17.55M | -13.03M | 13.83M |
| Financing Cash Flow | 1.76M | 19.33M | -280.00K | 79.77M | -232.33K |
Calix Ltd. Technical Analysis
Negative
0.26
Price Trends
0.24
Negative
0.30
Negative
0.56
Negative
Market Momentum
-0.01
Negative
41.34
Neutral
26.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CXL, the sentiment is Negative. The current price of 0.26 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.24, and below the 200-day MA of 0.56, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 41.34 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CXL.
Calix Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$10.51B | 43.72 | 6.34% | 2.67% | 1.79% | 156.48% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
44 Neutral | AU$43.25M | -0.83 | -119.47% | ― | 27.85% | -141.00% | |
44 Neutral | AU$28.60M | -6.06 | -75.44% | 20.00% | -3.10% | 39.78% | |
42 Neutral | AU$160.83M | -3.80 | -74.68% | ― | -1.41% | -4.04% | |
42 Neutral | AU$37.16M | -3.93 | -1186.33% | ― | ― | -84.62% | |
40 Underperform | AU$14.13M | -0.89 | 268.53% | ― | -74.92% | -46.21% |
* Basic Materials Sector Average
AU:CXL
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Calix Ltd. Corporate Events
Calix Seeks ASX Quotation for Additional Ordinary Shares
Oct 29, 2026
Calix Limited has applied for quotation on the ASX of 211,633 new ordinary fully paid shares under its existing CXL issuer code. The shares, issued on 29 October 2026, expand the company’s listed capital base and are the result of options be...
Calix CEO’s Share Transfer Leaves Overall Holding Unchanged
Oct 22, 2026
Calix Limited has reported a change in director’s interest relating to Chief Executive Officer and Managing Director Dr Phil Hodgson, following an off‑market transfer of ordinary shares between two of his accounts. The company confirme...
Calix Sets Hybrid AGM for November, Urges Proxy Voting
Oct 22, 2026
Calix Limited has announced details of its 2026 Annual General Meeting, which will be held as a hybrid event at 10:00 a.m. AEDT on 23 November 2026 in Sydney and online. Shareholders and proxyholders will be able to attend either in person or via ...
Calix Issues FY26 Investor Update with Strong Risk and Disclaimer Emphasis
Aug 26, 2026
Calix Ltd. has released an FY26 results investor presentation dated 26 August 2026, outlining summary financial and operational information for the year ended 30 June 2026. The document emphasises that the material is general background informatio...
Calix Delivers Record FY26 Revenue and Tightens Cash Discipline as Decarbonisation Projects Advance
Aug 26, 2026
Calix reported record FY26 revenue and a sharply improved cash profile, underpinned by strong growth in its Magnesia business and a capital-light commercialisation approach. Group revenue rose 16% to $39.2m, with product and services income up 28%...
Calix Files Updated Corporate Governance Statement and Appendix 4G
Aug 26, 2026
Calix Limited has lodged its latest corporate governance statement for the financial year ended 30 June 2026, confirming that the document is current as of 26 August 2026 and has been approved by the board. The statement, accessible through the co...
Calix Unveils 2026 Governance and Sustainability Framework
Aug 26, 2026
Calix Limited released its 2026 Corporate Governance Statement and related annual and sustainability reports, outlining its governance framework, board structure, risk management, and ethical business practices. The documents highlight how the com...
Calix releases 2026 reports as it doubles down on industrial decarbonisation
Aug 26, 2026
Calix Ltd. has released its 2026 annual, sustainability and corporate governance reports, outlining financial and operational highlights, governance practices and its approach to sustainability across business units including Leilac, Sustainable P...
Calix to Unveil FY26 Results and Host Investor Webinar on 26 August
Aug 3, 2026
Calix Limited has announced it will release its full-year results for the period ended 30 June 2026 on 26 August 2026 and will host an investor webinar the same day to discuss the performance. The online event, led by Managing Director and CEO Phi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.