Company Valuation: Kalray

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 184.8 113.9 176 9.744 15.25 98.95 - -
Change - -38.35% 54.45% -94.46% 56.47% 549.01% - -
Enterprise Value (EV) 1 184.2 94.72 173 21.02 20.61 106.4 105.9 105
Change - -48.58% 82.63% -87.85% -1.97% 416.56% -0.47% -0.85%
P/E -12.2x -6.94x -14.7x -0.4x -3.19x 659x 165x 132x
PBR - 2.93x 3.56x 0.33x - 3.88x 3.88x 3.66x
PEG - 1.96x 0.3x -0x 0x -6x 1x 5.3x
Capitalization / Revenue 127x 6.94x 6.81x 0.39x 0.93x 5.15x 4.97x 4.8x
EV / Revenue 127x 5.77x 6.7x 0.85x 1.25x 5.54x 5.32x 5.1x
EV / EBITDA -31.9x -35.4x -161x -2.57x 4.46x 9.18x 9.29x 9.06x
EV / EBIT -9.89x -4.83x -10.6x -0.73x -2.11x 355x 132x 87.5x
EV / FCF -8.88x -5.78x -7.6x -0.74x -1.36x -26x 212x 131x
FCF Yield -11.3% -17.3% -13.2% -135% -73.7% -3.85% 0.47% 0.76%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -2.592 -2.5 -1.41 -2.64 -0.37 0.01 0.04 0.05
Distribution rate - - - - - - - -
Net sales 1 1.454 16.41 25.83 24.82 16.45 19.2 19.9 20.6
EBITDA 1 -5.771 -2.678 -1.074 -8.188 4.624 11.6 11.4 11.6
EBIT 1 -18.62 -19.63 -16.26 -28.94 -9.769 0.3 0.8 1.2
Net income 1 -15.12 -15.55 -11.69 -23.27 -4.54 0.2 0.8 1.1
Net Debt 1 -0.596 -19.22 -3.002 11.28 5.361 7.5 7 6.1
Reference price 2 31.700 17.340 20.750 1.050 1.180 6.590 6.590 6.590
Nbr of stocks (in thousands) 5,830 6,571 8,482 9,280 12,920 15,015 - -
Announcement Date 3/28/22 4/17/23 4/24/24 4/30/25 4/23/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
685x5.75x9.51x - 119M
149.33x28.59x94.77x0.12% 98.36B
Average 417.16x 17.17x 52.14x 0.12% 49.24B
Weighted average by Cap. 149.97x 28.56x 94.67x 0.12%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA