Kalray SA (FR:ALKAL)
:ALKAL
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Kalray SA
(ALKAL)
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Rating:54Neutral
Price Target:
€2.50
▲(108.33% Upside)
Action:UpgradedDate:01/29/26
The score is held back primarily by weak financial performance—persistent losses, negative margins, and negative operating/free cash flow—despite meaningful revenue growth. Technicals are a relative positive with the stock above major moving averages and supportive momentum, but valuation remains pressured because losses make the negative P/E a risk signal and there is no dividend support.
Positive Factors
Revenue Growth Momentum
Reported strong revenue growth indicates Kalray is winning customer engagements and expanding product adoption across data-center, embedded and storage use cases. Sustained top-line growth can fund R&D, support scale economics, and enable longer-term customer relationships if margins are improved.
Negative Factors
Persistent Negative Profitability
Ongoing negative gross profit and EBIT indicate the company still sells below production or service delivery cost. Without durable margin improvement, losses will persist, undermining the ability to self-fund growth, eroding equity, and forcing reliance on external financing or dilutive capital raises.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Momentum
Reported strong revenue growth indicates Kalray is winning customer engagements and expanding product adoption across data-center, embedded and storage use cases. Sustained top-line growth can fund R&D, support scale economics, and enable longer-term customer relationships if margins are improved.
Read all positive factors
Kalray SA (ALKAL) vs. iShares MSCI France ETF (EWQ)
Market Cap
€53.80M
Dividend YieldN/A
Average Volume (3M)91.84K
Price to Earnings (P/E)―
Beta (1Y)1.21
Revenue Growth1.54%
EPS GrowthN/A
CountryFR
Employees221
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.18
Shares Outstanding15,412,938
10 Day Avg. Volume80,055
30 Day Avg. Volume91,843
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.25
Price to Sales (P/S)0.35
P/FCF Ratio-0.93
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)-0.45
Revenue Forecast (FY)€15.60M
Kalray SA Business Overview & Revenue Model
Company Description
Kalray S.A., a fabless semiconductor company, provides processors and acceleration cards in France. The company's products include MPPA processor for various data transfers; Kalray Flashbox, a disaggregated NVMe storage array to use the potential ...
How the Company Makes Money
Kalray generates revenue through the sale of its specialized processors and related software solutions, targeting industries that require high-performance computing capabilities. Key revenue streams include direct sales of hardware products to ori...
Kalray SA Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
52
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.62M | 24.82M | 25.83M | 16.41M | 1.45M | 1.03M |
| Gross Profit | -6.56M | -33.87M | 29.66M | -17.15M | -18.44M | -14.24M |
| EBITDA | 1.75M | -6.37M | -858.00K | -2.69M | -5.82M | -5.98M |
| Net Income | -14.28M | -23.27M | -11.69M | -15.55M | -15.12M | -11.82M |
Balance Sheet | ||||||
| Total Assets | 66.84M | 88.14M | 80.52M | 88.05M | 43.28M | 47.50M |
| Cash, Cash Equivalents and Short-Term Investments | 2.29M | 1.70M | 13.21M | 32.20M | 12.22M | 20.24M |
| Total Debt | 9.26M | 12.98M | 3.27M | 6.67M | 11.61M | 11.84M |
| Total Liabilities | 33.60M | 53.51M | 23.87M | 34.03M | 17.62M | 18.97M |
| Stockholders Equity | 33.24M | 34.63M | 56.65M | 51.27M | 25.63M | 28.43M |
Cash Flow | ||||||
| Free Cash Flow | -7.36M | -9.44M | -22.70M | -16.54M | -20.74M | -16.15M |
| Operating Cash Flow | -4.75M | -1.03M | -2.15M | -1.72M | -7.06M | -5.62M |
| Investing Cash Flow | 330.00K | -20.05M | -16.51M | -15.88M | -12.12M | -9.43M |
| Financing Cash Flow | 4.22M | 9.29M | -484.00K | 37.98M | 11.17M | 19.57M |
Kalray SA Technical Analysis
Positive
1.20
Price Trends
3.69
Negative
2.39
Positive
1.55
Positive
Market Momentum
-0.12
Positive
45.64
Neutral
25.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALKAL, the sentiment is Positive. The current price of 1.2 is below the 20-day moving average (MA) of 3.92, below the 50-day MA of 3.69, and below the 200-day MA of 1.55, indicating a neutral trend. The MACD of -0.12 indicates Positive momentum. The RSI at 45.64 is Neutral, neither overbought nor oversold. The STOCH value of 25.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:ALKAL.
Kalray SA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | €1.90B | -5.18 | 0.73% | ― | -14.27% | -89.94% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | €31.51M | 36.28 | 3.43% | ― | 9.77% | -86.18% | |
54 Neutral | €53.80M | -0.47 | -34.88% | ― | 1.54% | ― | |
50 Neutral | €636.44M | 25.30 | 2.04% | ― | -5.30% | -81.29% |
* Technology Sector Average
FR:ALKAL
Kalray SA
3.50
2.87
451.18%
FR:SOI
Soitec SA
53.08
6.80
14.69%
FR:XFAB
X-Fab Silicon Foundries SE
4.87
1.33
37.63%
FR:ALHYP
Hipay Group SA
4.99
-3.01
-37.63%
FR:ALTXC
TXCom SA
7.80
-0.83
-9.62%
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.