Cambium Networks Corp
NASDAQ:CMBM
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%.
Valuation Backtest
Cambium Networks Corp
Run backtest to discover the historical profit from buying and selling CMBM stocks based on their intrinsic value.
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Fundamental Analysis
Company Faces Declining Revenues and Losses
2023-Q4 Earnings Call
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%.
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 |
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
What is Free Cash Flow?
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.
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.
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
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.
Ownership
CMBM Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
CMBM Price
Cambium Networks Corp
Average Annual Return | 36.98% |
Standard Deviation of Annual Returns | 83.96% |
Max Drawdown | -95% |
Market Capitalization | 120m USD |
Shares Outstanding | 27 680 080 |
Percentage of Shares Shorted | 3.45% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.