Calnex Solutions (FRA:CSO) Intrinsic Value: Projected FCF: €0.43 (As of Sep. 16, 2026)

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FRA:CSO Calnex Solutions PLC FRA:CSO
46 GF Score
Price €0.68
GF Value €0.79
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Calnex Solutions Intrinsic Value: Projected FCF?

Calnex Solutions FRA:CSO -1.46% 46 Intrinsic Value: Projected FCF is €0.43 as of Sep. 16, 2026. GuruFocus rates FRA:CSO with a GF Score™ of 46/100 and a GF Value™ of €0.79 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,691 Hardware companies, Calnex Solutions ranks better than 53.1% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-16), Calnex Solutions's Intrinsic Value: Projected FCF is €0.43. The stock price of Calnex Solutions is €0.675. Therefore, Calnex Solutions's Price-to-Intrinsic-Value-Projected-FCF of today is 1.6.

The historical rank and industry rank for Calnex Solutions's Intrinsic Value: Projected FCF or its related term are showing as below:

FRA:CSO' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.06   Med: 1.13   Max: 1.59
Current: 1.57

During the past 9 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Calnex Solutions was 1.59. The lowest was 1.06. And the median was 1.13.

FRA:CSO's Price-to-Projected-FCF is ranked better than
53.1% of 1691 companies
in the Hardware industry
Industry Median: 1.68 vs FRA:CSO: 1.57

Calnex Solutions  (FRA:CSO) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Calnex Solutions's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=0.675/1.0103376938782
=0.67

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Calnex Solutions Intrinsic Value: Projected FCF Related Terms


Calnex Solutions Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Calnex Solutions's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Calnex Solutions Intrinsic Value: Projected FCF Chart

Calnex Solutions Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 1.37 1.08 1.04

Calnex Solutions Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

FRA:CSO vs CSCO, MSI, LITE: Intrinsic Value: Projected FCF Comparison

For the Communication Equipment subindustry, Calnex Solutions's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Calnex Solutions Price-to-Projected-FCF vs Hardware Industry

For the Hardware industry and Technology sector, Calnex Solutions's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Calnex Solutions's Price-to-Projected-FCF falls into.


FRA:CSO
46GF Score
Calnex Solutions PLC FRA:CSO
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Calnex Solutions Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Calnex Solutions's Free Cash Flow(6 year avg) = €7.01.

Calnex Solutions's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar26)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*7.0106657142857+30.980637302552*0.8)/90.592
=1.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of €0.43 mean?
Calnex Solutions (FRA:CSO) has a Intrinsic Value: Projected FCF of €0.43 as of Sep. 16, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Calnex Solutions and its competitors. According to the industry distribution chart, Calnex Solutions ranks #793 out of 1691 companies in the Hardware industry, placing it in the top 46.9%.
Is Calnex Solutions' Intrinsic Value: Projected FCF too high?
Calnex Solutions' current Intrinsic Value: Projected FCF is €0.43. Based on the distribution chart, Calnex Solutions ranks #793 out of 1691 companies in the Hardware industry, which is above the industry midpoint. Overall, Calnex Solutions has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Calnex Solutions' Intrinsic Value: Projected FCF compare to CSCO and MSI?
According to the Hardware industry distribution chart, Calnex Solutions ranks #793 out of 1691 companies for Intrinsic Value: Projected FCF. This puts Calnex Solutions in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 1.68. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Hardware company?
The median Intrinsic Value: Projected FCF among Hardware companies is 1.68, based on 1,691 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Calnex Solutions and its competitors. For the Hardware industry, the median Intrinsic Value: Projected FCF is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calnex Solutions's current Intrinsic Value: Projected FCF is €0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calnex Solutions stock overvalued right now?
Based on GuruFocus' analysis, Calnex Solutions (FRA:CSO) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.79, compared to a current price of €0.68 — trading 14.6% below its estimated fair value. The current Intrinsic Value: Projected FCF is €0.43. Calnex Solutions' overall GF Score™ is 46/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Calnex Solutions (FRA:CSO), the current Intrinsic Value: Projected FCF is €0.43 as of Sep. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Calnex Solutions (FRA:CSO) Overvalued in 2026?

Based on GuruFocus' analysis, Calnex Solutions stock appears to be undervalued. The current stock price of €0.68 is trading 14.6% below its estimated GF Value™ of €0.79. GuruFocus considers Calnex Solutions to be Modestly Undervalued.

Key valuation signals for FRA:CSO:

  • Intrinsic Value: Projected FCF: €0.43
  • GF Value™: €0.79 vs. price of €0.68 (14.6% below fair value)
  • GF Score™: 46/100 with 4 warning signs

No single metric tells the full story. See the FRA:CSO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Calnex Solutions Business Description

Other Exchanges CLX:UKCSO:Germany
Address Oracle Campus, Linlithgow, West Lothian, GBR, EH49 7LR
Calnex Solutions PLC is a provider of test and measurement solutions for the telecommunications sector. It designs, produces, and markets test instrumentation and solutions for network synchronization and network emulation. The company offers its equipment to network operators, network providers, systems suppliers, laboratories, and network infrastructures. The company operates in North Asia, Americas and Rest of the world, out of which it derives maximum revenue from Rest of the World.
46GF Score

Get the complete analysis for FRA:CSO

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.68
Price
€0.79
GF Value