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Cambium Networks Corp
NASDAQ:CMBM

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Cambium Networks Corp Logo
Cambium Networks Corp
NASDAQ:CMBM
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Price: 4.31 USD -2.27% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Cambium Networks Corp. engages in the provision of wireless broadband networking infrastructure solutions for network operators. [ Read More ]

The intrinsic value of one CMBM stock under the Base Case scenario is 14.05 USD. Compared to the current market price of 4.31 USD, Cambium Networks Corp is Undervalued by 69%.

Key Points:
CMBM Intrinsic Value
Base Case
14.05 USD
Undervaluation 69%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Cambium Networks Corp

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Fundamental Analysis

Company Faces Declining Revenues and Losses
2023-Q4 Earnings Call

Company Faces Declining Revenues and Losses

In Q4 '23, the company's revenue fell by 52% year-over-year and 7% quarter-over-quarter to $40.2 million, affected by decreased enterprise orders and PMP business challenges. Notably, gross margin turned negative at -19.4%, a stark drop from 49.6% the previous year, due to pricing incentives and high inventory charges. The company reported a non-GAAP net loss of $26.4 million, worsened compared to a net income of $10.3 million in Q4 '22. Cash reserves decreased to $18.7 million, and the company expects to draw on its credit line in 2024. Looking ahead, Q1 '24 revenue is projected to grow 7-19% sequentially, with a non-GAAP gross margin of about 44%, while the full year 2024 is expected to yield $215 to $245 million in revenues, a potential decline or gain of 2-11%, and an adjusted EBITDA margin between -2.7% to positive 2.7%.

Financials

Balance Sheet Decomposition
Cambium Networks Corp

Current Assets 162.6m
Cash & Short-Term Investments 18.7m
Receivables 64.3m
Other Current Assets 79.5m
Non-Current Assets 66.8m
PP&E 20.8m
Intangibles 29.5m
Other Non-Current Assets 16.6m
Current Liabilities 94m
Accounts Payable 19.1m
Accrued Liabilities 49.8m
Other Current Liabilities 25.1m
Non-Current Liabilities 40.6m
Long-Term Debt 21.9m
Other Non-Current Liabilities 18.7m
Efficiency

Earnings Waterfall
Cambium Networks Corp

Revenue
220.2m USD
Cost of Revenue
-149.1m USD
Gross Profit
71.1m USD
Operating Expenses
-125.6m USD
Operating Income
-54.5m USD
Other Expenses
-9.1m USD
Net Income
-63.6m USD

Free Cash Flow Analysis
Cambium Networks Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
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Fundamental Scores

CMBM Profitability Score
Profitability Due Diligence

Cambium Networks Corp's profitability score is 43/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive 3-Year Average ROE
Positive 3-Year Average ROIC
Positive Revenue Growth Forecast
43/100
Profitability
Score

Cambium Networks Corp's profitability score is 43/100. The higher the profitability score, the more profitable the company is.

CMBM Solvency Score
Solvency Due Diligence

Cambium Networks Corp's solvency score is 41/100. The higher the solvency score, the more solvent the company is.

Low D/E
Short-Term Solvency
Long-Term Solvency
Positive Net Debt
41/100
Solvency
Score

Cambium Networks Corp's solvency score is 41/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

CMBM Price Targets Summary
Cambium Networks Corp

Wall Street analysts forecast CMBM stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for CMBM is 9.23 USD with a low forecast of 5.05 USD and a high forecast of 17.85 USD.

Lowest
Price Target
5.05 USD
17% Upside
Average
Price Target
9.23 USD
114% Upside
Highest
Price Target
17.85 USD
314% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

CMBM Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

CMBM Price
Cambium Networks Corp

1M 1M
+1%
6M 6M
-41%
1Y 1Y
-75%
3Y 3Y
-90%
5Y 5Y
-56%
10Y 10Y
-56%
Annual Price Range
4.31
52w Low
3.54
52w High
17.72
Price Metrics
Average Annual Return 36.98%
Standard Deviation of Annual Returns 83.96%
Max Drawdown -95%
Shares Statistics
Market Capitalization 120m USD
Shares Outstanding 27 680 080
Percentage of Shares Shorted 3.45%

CMBM Return Decomposition
Main factors of price return

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Company Profile

Cambium Networks Corp Logo
Cambium Networks Corp

Country

United States of America

Industry

Communications

Market Cap

120m USD

Dividend Yield

0%

Description

Cambium Networks Corp. engages in the provision of wireless broadband networking infrastructure solutions for network operators. The company is headquartered in Rolling Meadows, Illinois and currently employs 573 full-time employees. The company went IPO on 2019-06-26. The company offers fixed wireless broadband and Wi-Fi networking infrastructure solutions for commercial and government network operators as well as broadband service providers and other network operators, including industrial organizations, broadband service providers, and public and private networks. Its wireless fabric includes intelligent radios, smart antennas, radio frequency, algorithms, wireless-aware switches, and its on-premise or cloud-based network management software. The company provides solutions, such as closed-circuit television (CCTV) backhaul, enterprise networking, hybrid networks, outdoor wireless for private networks, and small cell backhaul. Its Wi-Fi portfolio includes cnPilot cloud-managed Wi-Fi solutions; cnMatrix cloud-managed wireless-aware switching solutions; Xirrus Wi-Fi solutions, and Xirrus XMS management.

Contact

ILLINOIS
Rolling Meadows
3800 Golf Rd Ste 360
+13459433100.0

IPO

2019-06-26

Employees

573

Officers

Senior Vice President of Global Sales
Mr. Bryan Sheppeck
CEO, President & Director
Mr. Morgan C. S. Kurk
Interim CFO, Global Controller, Chief Accounting Officer & Principal Accounting Officer
Mr. John M. Becerril
Senior Vice President of Operations
Mr. Raymond de Graaf
Chief Technical Officer
Mr. Nigel King
Senior Director of Investor & Industry Analyst Relations
Mr. Peter Schuman
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General Counsel
Ms. Sally J. Rau
Senior VP & Chief Marketing Officer
Ms. Mary Peterson
Chief Human Resources Officer
Ms. Archana Nirwan
Senior Vice President of Product Management
Mr. Scott Imhoff
Show Less

See Also

Discover More
What is the Intrinsic Value of one CMBM stock?

The intrinsic value of one CMBM stock under the Base Case scenario is 14.05 USD.

Is CMBM stock undervalued or overvalued?

Compared to the current market price of 4.31 USD, Cambium Networks Corp is Undervalued by 69%.