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 65.54 - -
Change - -38.35% 54.45% -94.46% 56.47% 329.88% - -
Enterprise Value (EV) 1 184.2 94.72 173 21.02 20.61 72.14 71.64 70.64
Change - -48.58% 82.63% -87.85% -1.97% 250.07% -0.69% -1.4%
P/E -12.2x -6.94x -14.7x -0.4x -3.19x 87.3x 48.5x 39.7x
PBR - 2.93x 3.56x 0.33x - 2.57x 2.43x 2.3x
PEG - 1.96x 0.3x -0x 0x -1x 0.6x 1.8x
Capitalization / Revenue 127x 6.94x 6.81x 0.39x 0.93x 3.52x 3.34x 3.18x
EV / Revenue 127x 5.77x 6.7x 0.85x 1.25x 3.88x 3.66x 3.43x
EV / EBITDA -31.9x -35.4x -161x -2.57x 4.46x 5.59x 5.64x 5.39x
EV / EBIT -9.89x -4.83x -10.6x -0.73x -2.11x 65.6x 39.8x 32.1x
EV / FCF -8.88x -5.78x -7.6x -0.74x -1.36x -22.5x 179x 70.6x
FCF Yield -11.3% -17.3% -13.2% -135% -73.7% -4.44% 0.56% 1.42%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -2.592 -2.5 -1.41 -2.64 -0.37 0.05 0.09 0.11
Distribution rate - - - - - - - -
Net sales 1 1.454 16.41 25.83 24.82 16.45 18.6 19.6 20.6
EBITDA 1 -5.771 -2.678 -1.074 -8.188 4.624 12.9 12.7 13.1
EBIT 1 -18.62 -19.63 -16.26 -28.94 -9.769 1.1 1.8 2.2
Net income 1 -15.12 -15.55 -11.69 -23.27 -4.54 1 1.8 2.2
Net Debt 1 -0.596 -19.22 -3.002 11.28 5.361 6.6 6.1 5.1
Reference price 2 31.700 17.340 20.750 1.050 1.180 4.365 4.365 4.365
Nbr of stocks (in thousands) 5,830 6,571 8,482 9,280 12,920 15,015 - -
Announcement Date 28/03/22 17/04/23 24/04/24 30/04/25 23/04/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
128.94x25.05x90.16x0.13% 85.8B
100x4.39x6.33x - 85.55M
Average 114.47x 14.72x 48.25x 0.13% 42.94B
Weighted average by Cap. 128.92x 25.03x 90.08x 0.13%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA