Clearfield, Inc. (CLFD)

NASDAQ: CLFD · IEX Real-Time Price · USD
30.84
+0.96 (3.21%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Total Valuation

Clearfield has a market cap or net worth of $439.44 million. The enterprise value is $296.13 million.

Market Cap 439.44M
Enterprise Value 296.13M

Important Dates

The next estimated earnings date is Thursday, May 2, 2024, after market close.

Earnings Date May 2, 2024
Ex-Dividend Date n/a

Share Statistics

Clearfield has 14.71 million shares outstanding. The number of shares has increased by 6.50% in one year.

Shares Outstanding 14.71M
Shares Change (YoY) +6.50%
Shares Change (QoQ) -0.32%
Owned by Insiders (%) 16.14%
Owned by Institutions (%) 69.81%
Float 12.37M

Valuation Ratios

The trailing PE ratio is 37.61 and the forward PE ratio is 30.67.

PE Ratio 37.61
Forward PE 30.67
PS Ratio 2.02
Forward PS 2.72
PB Ratio 1.46
P/FCF Ratio 24.21
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 12.04, with an EV/FCF ratio of 16.31.

EV / Earnings 22.76
EV / Sales 1.36
EV / EBITDA 12.04
EV / EBIT 16.27
EV / FCF 16.31

Financial Position

The company has a current ratio of 11.09, with a Debt / Equity ratio of 0.07.

Current Ratio 11.09
Quick Ratio 7.22
Debt / Equity 0.07
Debt / EBITDA 0.79
Debt / FCF 1.08
Interest Coverage 23.86

Financial Efficiency

Return on equity (ROE) is 4.20% and return on invested capital (ROIC) is 2.62%.

Return on Equity (ROE) 4.20%
Return on Assets (ROA) 3.70%
Return on Capital (ROIC) 2.62%
Revenue Per Employee $542,520
Profits Per Employee $32,525
Employee Count 400
Asset Turnover 0.62
Inventory Turnover 1.71

Taxes

In the past 12 months, Clearfield has paid $4.43 million in taxes.

Income Tax 4.43M
Effective Tax Rate 25.41%

Stock Price Statistics

The stock price has decreased by -30.45% in the last 52 weeks. The beta is 1.33, so Clearfield's price volatility has been higher than the market average.

Beta (1Y) 1.33
52-Week Price Change -30.45%
50-Day Moving Average 28.84
200-Day Moving Average 32.56
Relative Strength Index (RSI) 57.48
Average Volume (30 Days) 222,173

Short Selling Information

The latest short interest is 2.18 million, so 14.86% of the outstanding shares have been sold short.

Short Interest 2.18M
Short Previous Month 2.27M
Short % of Shares Out 14.86%
Short % of Float 17.66%
Short Ratio (days to cover) 10.25

Income Statement

In the last 12 months, Clearfield had revenue of $217.01 million and earned $13.01 million in profits. Earnings per share was $0.82.

Revenue 217.01M
Gross Profit 59.33M
Operating Income 11.23M
Pretax Income 17.44M
Net Income 13.01M
EBITDA 24.60M
EBIT 18.21M
Earnings Per Share (EPS) $0.82
Full Income Statement

Balance Sheet

The company has $162.84 million in cash and $19.53 million in debt, giving a net cash position of $143.31 million or $9.74 per share.

Cash & Cash Equivalents 162.84M
Total Debt 19.53M
Net Cash 143.31M
Net Cash Per Share $9.74
Equity / Book Value 300.10M
Book Value Per Share 20.41
Working Capital 251.66M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $26.73 million and capital expenditures -$8.58 million, giving a free cash flow of $18.15 million.

Operating Cash Flow 26.73M
Capital Expenditures -8.58M
Free Cash Flow 18.15M
FCF Per Share $1.19
Full Cash Flow Statement

Margins

Gross margin is 27.34%, with operating and profit margins of 5.18% and 6.00%.

Gross Margin 27.34%
Operating Margin 5.18%
Pretax Margin 8.04%
Profit Margin 6.00%
EBITDA Margin 11.34%
EBIT Margin 8.39%
FCF Margin 8.36%

Dividends & Yields

Clearfield does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -6.50%
Shareholder Yield -6.50%
Earnings Yield 2.96%
FCF Yield 4.13%

Analyst Forecast

The average price target for Clearfield is $41.50, which is 34.57% higher than the current price. The consensus rating is "Buy".

Price Target $41.50
Price Target Difference 34.57%
Analyst Consensus Buy
Analyst Count 4
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on April 3, 1989. It was a forward split with a ratio of 2:1.

Last Split Date Apr 3, 1989
Split Type Forward
Split Ratio 2:1

Scores

Clearfield has an Altman Z-Score of 9.65 and a Piotroski F-Score of 6.

Altman Z-Score 9.65
Piotroski F-Score 6