Calix, Inc (CALX) vs Nayax Ltd. (NYAX)

Calix, Inc and Nayax Ltd. are both Software Infrastructure companies. Calix, Inc is the larger, with a market value of $2.0B against $1.7B — 1.1× the size. Calix, Inc trades at the lower P/E: 43.1× against 217×. Nayax Ltd. grew revenue faster over the last twelve months: 30.0% against 22.9%. Calix, Inc has the higher net margin (3.99% vs 1.74%) and the higher return on invested capital (6.95% vs 6.41%). Across the 21 metrics below, Calix, Inc leads on 17 and Nayax Ltd. on 4.

Valuation

Metric CALX NYAX Software Infrastructure median
P/E 43.07 216.91 24.52
P/S 1.68 3.96 2.78
P/B 2.76 7.31 2.84
Price to free cash flow 30.99 n/m 18.22
EV/EBITDA 23.27 37.27 13.98
EV/Sales 1.58 3.79 2.92
Earnings yield 2.32% 0.46% 0.00%
Free cash flow yield 3.23% (0.38%) 0.37%

Profitability

Metric CALX NYAX Software Infrastructure median
Gross margin 55.56% 47.80% 57.91%
Operating margin 5.26% 3.89% 0.00%
Net margin 3.99% 1.74% 0.00%
Free cash flow margin 5.42% (1.50%) 0.00%
Return on equity 6.02% 3.52% 0.00%
Return on assets 4.83% 1.01% 0.00%
Return on invested capital 6.95% 6.41% 0.00%

Growth

Metric CALX NYAX Software Infrastructure median
Revenue growth (TTM) 22.90% 29.98% 14.42%
EPS growth (last fiscal year) 157.78% 687.50% 17.35%
Revenue growth, 5-year CAGR 13.06% 38.43% 16.15%
Net income growth, 5-year CAGR (11.79%) 0.00% 0.00%

Health

Metric CALX NYAX Software Infrastructure median
Debt to equity 0.00 1.47 0.02
Current ratio 3.04 2.12 1.53
Net debt to EBITDA (10.03) (1.25) 0.05

Dividend

Metric CALX NYAX Software Infrastructure median
Dividend yield — — 1.04%
Payout ratio — — 0.29

Size

Metric CALX NYAX Software Infrastructure median
Market cap 1.97b 1.72b 606.60m

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