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Calnex Solutions
(LSE:CLX)
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Rating:69Neutral
Price Target:
64.00 p
▲(7.56% Upside)
Action:Reiterated
Date:05/27/26
The score is driven primarily by solid underlying financial stability (low leverage) and improving operations, tempered by still-weaker profitability and historical cash-flow volatility. Technically, the stock shows strong upward momentum above key moving averages, while valuation is constrained by a negative P/E and only a modest dividend yield.
Positive Factors
Conservative Balance Sheet
Very low leverage and stable equity provide financial resilience, reduce refinancing risk, and preserve flexibility to fund product development or withstand cyclical demand without excessive balance-sheet pressure.
Negative Factors
Thin Operating Profitability
Near-breakeven operating profitability leaves limited protection against execution issues, pricing pressure, or cost inflation. It also restricts the amount of revenue growth that can translate into durable earnings and cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage and stable equity provide financial resilience, reduce refinancing risk, and preserve flexibility to fund product development or withstand cyclical demand without excessive balance-sheet pressure.
Read all positive factors
Calnex Solutions (CLX) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£51.52M
Dividend Yield1.71%
Average Volume (3M)124.09K
Price to Earnings (P/E)69.9
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. Volume73,027
30 Day Avg. Volume124,093
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 Target
£125.00Price Target Upside110.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
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
null...
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
Negative
59.50
Price Trends
61.71
Negative
61.41
Negative
55.05
Positive
Market Momentum
-0.74
Negative
43.60
Neutral
25.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CLX, the sentiment is Negative. The current price of 59.5 is above the 20-day moving average (MA) of 58.77, below the 50-day MA of 61.71, and above the 200-day MA of 55.05, indicating a neutral trend. The MACD of -0.74 indicates Negative momentum. The RSI at 43.60 is Neutral, neither overbought nor oversold. The STOCH value of 25.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | £58.20M | 15.57 | 17.43% | 3.73% | 7.22% | 12.69% | |
69 Neutral | £51.52M | 69.88 | 2.71% | 1.56% | 18.98% | 115.79% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | £53.14M | 317.50 | -0.11% | 4.23% | -10.70% | -200.00% | |
58 Neutral | £538.86M | 123.19 | 11.47% | ― | -1.40% | -67.76% | |
50 Neutral | £106.05M | -36.38 | -9.80% | ― | -13.38% | 9.48% | |
44 Neutral | £291.17K | -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...
Business Operations and StrategyExecutive/Board ChangesDividendsFinancial Disclosures
Calnex lifts profit and dividend as diversification drive gathers pace
Positive
May 26, 2026
Calnex Solutions reported a strong FY26, with revenue up 19% to £21.9m and profit before tax rising 73% to £1.2m, driven by robust gross margins and disciplined cost control. The company ended the year with £9.3m in cash, rising to ...
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.