Financials Infinera Corporation

Equities

INFN

US45667G1031

Communications & Networking

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
5.1 USD +2.62% Intraday chart for Infinera Corporation +8.05% +7.37%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 698.2 1,436 2,023 2,021 1,481 1,180 1,180 -
Enterprise Value (EV) 1 935.4 1,684 2,275 2,308 1,971 1,689 1,671 1,525
P/E ratio -2.98 x -3.68 x -9.53 x -11.7 x -19.3 x -34 x -1,020 x 16.5 x
Yield - - - - - - - -
Capitalization / Revenue 0.74 x 1.11 x 1.49 x 1.42 x 0.94 x 0.74 x 0.72 x 0.66 x
EV / Revenue 0.99 x 1.3 x 1.68 x 1.62 x 1.25 x 1.06 x 1.02 x 0.85 x
EV / EBITDA 17.8 x 45.1 x 24.2 x 20.4 x 12.9 x 10.1 x 9.56 x 5.59 x
EV / FCF -6.84 x -8.52 x -15 x -174 x -23.6 x 107 x 34.1 x 11.2 x
FCF Yield -14.6% -11.7% -6.65% -0.57% -4.24% 0.94% 2.93% 8.92%
Price to Book 0.89 x 3.68 x 4.95 x 6.26 x 8.27 x 6.8 x 6.03 x 4.19 x
Nbr of stocks (in thousands) 174,987 180,803 193,070 210,788 219,744 231,422 231,422 -
Reference price 2 3.990 7.940 10.48 9.590 6.740 5.100 5.100 5.100
Announcement Date 2/21/19 2/25/20 2/23/21 2/16/22 2/23/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 943.4 1,299 1,356 1,425 1,573 1,595 1,636 1,789
EBITDA 1 52.68 37.33 93.87 113.2 152.8 166.7 174.7 273
EBIT 1 -47.82 -82.47 -6.274 29.59 68.99 88.54 110.7 196.5
Operating Margin -5.07% -6.35% -0.46% 2.08% 4.39% 5.55% 6.76% 10.98%
Earnings before Tax (EBT) 1 -211.5 -383.7 -200.7 -158.8 -55.51 -15.1 14.55 98.25
Net income 1 -211.4 -386.6 -206.7 -170.8 -76.04 -35.55 2 81.9
Net margin -22.4% -29.77% -15.25% -11.98% -4.83% -2.23% 0.12% 4.58%
EPS 2 -1.340 -2.160 -1.100 -0.8200 -0.3500 -0.1500 -0.005000 0.3100
Free Cash Flow 1 -136.8 -197.6 -151.3 -13.25 -83.61 15.8 49 136
FCF margin -14.5% -15.21% -11.16% -0.93% -5.31% 0.99% 3% 7.6%
FCF Conversion (EBITDA) - - - - - 9.48% 28.04% 49.82%
FCF Conversion (Net income) - - - - - - 2,450% 166.06%
Dividend per Share 2 - - - - - - - -
Announcement Date 2/21/19 2/25/20 2/23/21 2/16/22 2/23/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 338.2 355.8 400.3 338.9 358 390.4 485.9 392.1 376.2 392.4 440 336.1 373.2 429.7 495.3
EBITDA 1 21.38 29.53 40.41 18.08 22.64 - - 33.21 23.46 43.8 47.3 -9.6 20.75 56.7 89.65
EBIT 1 2.617 8.603 17.06 -3.491 1.506 20.13 50.84 13.61 10.72 30.3 34.97 -20.21 11.92 43.22 75.48
Operating Margin 0.77% 2.42% 4.26% -1.03% 0.42% 5.16% 10.46% 3.47% 2.85% 7.72% 7.95% -6.01% 3.19% 10.06% 15.24%
Earnings before Tax (EBT) 1 -32.52 -48.34 -30.62 -35.41 -50.38 -7.138 37.42 -4.838 -13.79 -6.947 10.5 -44.25 -11.1 21 48.85
Net income 1 -35.59 -53.79 -33.07 -41.85 -55.72 -11.93 33.46 -8.41 -20.26 -9.413 4.55 -44.5 -12.9 17.85 41.55
Net margin -10.52% -15.12% -8.26% -12.35% -15.57% -3.06% 6.89% -2.14% -5.39% -2.4% 1.03% -13.24% -3.46% 4.15% 8.39%
EPS 2 -0.1700 -0.2600 -0.1600 -0.2000 -0.2600 -0.0500 0.1400 -0.0400 -0.0900 -0.0400 0.0200 -0.1800 -0.0500 0.0700 0.1550
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 8/3/21 11/3/21 2/16/22 5/3/22 7/28/22 11/2/22 2/23/23 5/3/23 8/9/23 2/29/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 237 249 251 287 490 509 491 345
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.504 x 6.659 x 2.678 x 2.533 x 3.204 x 3.052 x 2.81 x 1.263 x
Free Cash Flow 1 -137 -198 -151 -13.3 -83.6 15.8 49 136
ROE (net income / shareholders' equity) -8.61% -19.7% -8.89% -2.34% 10.4% 25.4% 27.6% 51.3%
ROA (Net income/ Total Assets) -4.05% -6.26% -2.15% -0.53% 1.61% 2.31% 3.31% 7.78%
Assets 1 5,225 6,179 9,613 32,355 -4,738 -1,542 60.48 1,053
Book Value Per Share 2 4.480 2.160 2.120 1.530 0.8200 0.7500 0.8500 1.220
Cash Flow per Share -0.6300 - - - - - - -
Capex 1 37.7 30.2 39 41.4 46.1 51.6 55.4 61.6
Capex / Sales 4% 2.33% 2.88% 2.9% 2.93% 3.24% 3.39% 3.44%
Announcement Date 2/21/19 2/25/20 2/23/21 2/16/22 2/23/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
5.1 USD
Average target price
7.267 USD
Spread / Average Target
+42.48%
Consensus
  1. Stock Market
  2. Equities
  3. INFN Stock
  4. Financials Infinera Corporation