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Calnex Solutions
(LSE:CLX)
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Rating:63Neutral
Price Target:
64.00 p
▲(9.40% Upside)
Action:Reiterated
Date:08/24/26
The score is driven primarily by improving operating results and a conservatively financed balance sheet, supported by positive recent corporate updates (dividend actions and insider buying). The main constraints are a very high P/E valuation and only neutral-to-weak technical momentum signals.
Positive Factors
Revenue recovery
The return to sustained top-line growth indicates renewed demand for Calnex’s timing and synchronization testing solutions. Continued adoption of upgraded telecom and digital infrastructure could support further recovery over the next several months.
Negative Factors
Thin operating profitability
Near-breakeven operating profitability leaves limited protection against execution issues, pricing pressure, or softer customer spending. It also reduces the company’s ability to convert revenue growth into durable earnings and internally funded investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery
The return to sustained top-line growth indicates renewed demand for Calnex’s timing and synchronization testing solutions. Continued adoption of upgraded telecom and digital infrastructure could support further recovery over the next several months.
Read all positive factors
Calnex Solutions (CLX) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£52.84M
Dividend Yield1.65%
Average Volume (3M)126.96K
Price to Earnings (P/E)72.3
Beta (1Y)0.82
Revenue Growth18.98%
EPS Growth115.79%
CountryUK
Employees163
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)<0.01
Shares Outstanding88,073,940
10 Day Avg. Volume144,484
30 Day Avg. Volume126,959
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)1.45
Price to Sales (P/S)1.79
P/FCF Ratio6.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.01
Revenue Forecast (FY)£22.65M
Calnex Solutions Business Overview & Revenue Model
Company Description
Calnex Solutions plc is a company specializing in the development, manufacturing, and global marketing of advanced test instrumentation and comprehensive solutions. Its primary focus areas encompass precise network synchronization and robust netwo...
How the Company Makes Money
Calnex Solutions makes money primarily by selling test and measurement products and related services used to validate network timing/synchronization and performance. Key revenue streams include: (1) Product sales: revenue from the sale of Calnex-b...
Calnex Solutions Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
86
Very Positive
Cash Flow
63
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.88M | 18.39M | 16.27M | 27.45M | 22.05M |
| Gross Profit | 11.23M | 13.76M | 8.17M | 16.41M | 13.26M |
| EBITDA | 5.44M | 5.74M | 4.22M | 11.29M | 8.61M |
| Net Income | 728.00K | 337.00K | 40.00K | 5.91M | 4.54M |
Balance Sheet | |||||
| Total Assets | 41.75M | 38.48M | 37.00M | 38.75M | 31.14M |
| Cash, Cash Equivalents and Short-Term Investments | 9.31M | 10.91M | 11.87M | 19.10M | 15.36M |
| Total Debt | 928.00K | 1.22M | 415.00K | 691.00K | 857.00K |
| Total Liabilities | 14.68M | 11.04M | 9.66M | 11.39M | 9.32M |
| Stockholders Equity | 27.07M | 27.44M | 27.34M | 27.36M | 21.83M |
Cash Flow | |||||
| Free Cash Flow | 5.71M | -309.00K | -6.49M | 6.57M | 3.14M |
| Operating Cash Flow | 5.82M | 4.58M | -784.00K | 11.27M | 7.35M |
| Investing Cash Flow | -6.29M | -4.57M | -3.84M | -6.98M | -5.71M |
| Financing Cash Flow | -1.13M | -967.00K | -1.09M | -563.00K | -448.00K |
Calnex Solutions Technical Analysis
Positive
58.50
Price Trends
59.95
Positive
62.70
Negative
55.21
Positive
Market Momentum
-0.04
Negative
51.45
Neutral
68.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CLX, the sentiment is Positive. The current price of 58.5 is below the 20-day moving average (MA) of 59.48, below the 50-day MA of 59.95, and above the 200-day MA of 55.21, indicating a bullish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 51.45 is Neutral, neither overbought nor oversold. The STOCH value of 68.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CLX.
Calnex Solutions Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £57.77M | 15.25 | 17.43% | 3.84% | 7.22% | 12.69% | |
63 Neutral | £52.84M | 72.29 | 2.71% | 1.65% | 18.98% | 115.79% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | £51.48M | 310.00 | -0.11% | 3.55% | -10.70% | -200.00% | |
58 Neutral | £483.87M | 106.28 | 11.47% | 2.68% | -1.40% | -67.76% | |
50 Neutral | £91.28M | -32.38 | -9.80% | ― | -13.38% | 9.48% | |
41 Neutral | £317.64K | -0.01 | 3573.66% | ― | -26.13% | 92.22% |
* Technology Sector Average
GB:CLX
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Calnex Solutions Corporate Events
DividendsShareholder Meetings
Calnex sets September AGM and proposes final dividend for 2026
Positive
Jul 22, 2026
Calnex Solutions plc has confirmed that its Annual General Meeting will take place in person on 2 September 2026 at its Oracle Campus in Linlithgow, with shareholders also able to follow proceedings and pose questions remotely via Zoom, though rem...
Business Operations and StrategyExecutive/Board Changes
Calnex Grants Over 1 Million LTIP Share Options to Senior Management
Positive
Jun 10, 2026
Calnex Solutions has granted a total of 1,063,760 nominal-cost share options under its long-term incentive plan to executive and senior management, with vesting over three years from 1 April 2026 subject to performance conditions. The awards, whic...
Regulatory Filings and Compliance
Calnex Director Buys Shares in AIM-Listed Telecoms Test Specialist
Positive
Jun 1, 2026
Calnex Solutions plc disclosed that non-executive director Graeme Bissett purchased 28,610 ordinary shares in the company on 29 May 2026 at a price of 69.9 pence per share. The director dealing, worth approximately £19,998, was executed on th...
Business Operations and StrategyRegulatory Filings and Compliance
Calnex Expands Share Capital After Employee Option Exercises
Neutral
May 29, 2026
Calnex Solutions has issued 82,300 new ordinary shares following the exercise of employee options under its equity incentive schemes, reflecting ongoing use of share-based compensation to align staff with shareholder interests. Application has bee...
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.