Company Valuation: Kalray

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 161.3 184.8 113.9 176 9.744 15.25
Change - 14.56% -38.35% 54.45% -94.46% 56.47%
Enterprise Value (EV) 1 152.9 184.2 94.72 173 21.02 20.61
Change - 20.46% -48.58% 82.63% -87.85% -1.98%
P/E Ratio -13.7x -12.2x -6.94x -14.7x -0.4x -3.19x
PBR 5.7x 7.21x 2.93x 3.56x 0.33x 0.54x
PEG - -0.7x 1.94x 0.3x -0x 0x
Capitalization / Revenue 18.7x 18.9x 3.72x 4.41x 0.22x 0.61x
EV / Revenue 17.8x 18.8x 3.09x 4.33x 0.48x 0.82x
EV / EBITDA -13.7x -13x -7.67x -19.4x -1.04x 4.48x
EV / EBIT -10.4x -9.89x -4.83x -10.6x -0.73x -2.1x
EV / FCF -13.7x -12.1x -6.22x -8.61x -1.12x -1.62x
FCF Yield -7.32% -8.26% -16.1% -11.6% -89.7% -61.7%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -2.19 -2.593 -2.5 -1.41 -2.642 -0.37
Distribution rate - - - - - -
Net sales 1 8.612 9.777 30.63 39.95 44.1 24.98
EBITDA 1 -11.2 -14.16 -12.36 -8.921 -20.16 4.598
EBIT 1 -14.68 -18.62 -19.63 -16.26 -28.94 -9.795
Net income 1 -11.82 -15.12 -15.55 -11.69 -23.27 -4.54
Net Debt 1 -8.401 -0.61 -19.22 -3.002 11.28 5.361
Reference price 2 30.000 31.700 17.340 20.750 1.050 1.180
Nbr of stocks (in thousands) 5,378 5,830 6,571 8,482 9,280 12,920
Announcement Date 4/30/21 6/13/22 4/17/23 4/30/24 7/10/25 4/30/26
1EUR in Million2EUR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 172M
132.62x - - 0.02% 97.51B
Average 132.62x 0.02% 48.84B
Weighted average by Cap. 132.62x 0.02%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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