Clearfield Inc
NASDAQ:CLFD
Intrinsic Value
Clearfield, Inc. designs, manufactures, and distributes fiber optic management, protection and delivery products for communications networks. [ Read More ]
The intrinsic value of one CLFD stock under the Base Case scenario is 31.8 USD. Compared to the current market price of 30.84 USD, Clearfield Inc is Undervalued by 3%.
Valuation Backtest
Clearfield Inc
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Fundamental Analysis
Clearfield Q1 2024: Sales Beat Amidst Down Trends
2024-Q1 Earnings Call
In the first quarter of fiscal 2024, Clearfield exceeded sales expectations with $34.2 million, despite a steep 60% year-over-year drop from $85.9 million. The company's order backlog sharply declined by 68% to $43.5 million, significantly lower than the previous year's $136.3 million. Clearfield's gross profit margin also fell, sitting at 13.7% compared to last year's 35.7%. Despite the downturn, operating expenses remained stable at $12.9 million, aligning closely with the previous year's $12.8 million. The company remains optimistic and continues to launch new products, such as an innovative vault that reduces costs by 67%, anticipating a healthier market and inventory normalization in the near future.
Balance Sheet Decomposition
Clearfield Inc
Current Assets | 276.6m |
Cash & Short-Term Investments | 162.8m |
Receivables | 17.4m |
Other Current Assets | 96.4m |
Non-Current Assets | 59m |
Long-Term Investments | 6.5m |
PP&E | 36.2m |
Intangibles | 12.6m |
Other Non-Current Assets | 3.7m |
Current Liabilities | 25m |
Accounts Payable | 7.4m |
Accrued Liabilities | 11.8m |
Short-Term Debt | 3.5m |
Other Current Liabilities | 2.2m |
Non-Current Liabilities | 10.6m |
Other Non-Current Liabilities | 10.6m |
Earnings Waterfall
Clearfield Inc
Revenue
|
217m
USD
|
Cost of Revenue
|
-157.7m
USD
|
Gross Profit
|
59.3m
USD
|
Operating Expenses
|
-48.1m
USD
|
Operating Income
|
11.2m
USD
|
Other Expenses
|
1.8m
USD
|
Net Income
|
13m
USD
|
Free Cash Flow Analysis
Clearfield Inc
What is Free Cash Flow?
CLFD Profitability Score
Profitability Due Diligence
Clearfield Inc's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
Score
Clearfield Inc's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
CLFD Solvency Score
Solvency Due Diligence
Clearfield Inc's solvency score is 99/100. The higher the solvency score, the more solvent the company is.
Score
Clearfield Inc's solvency score is 99/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
CLFD Price Targets Summary
Clearfield Inc
According to Wall Street analysts, the average 1-year price target for CLFD is 34.17 USD with a low forecast of 25.25 USD and a high forecast of 49.35 USD.
Ownership
CLFD Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
CLFD Price
Clearfield Inc
Average Annual Return | 78.58% |
Standard Deviation of Annual Returns | 107.77% |
Max Drawdown | -83% |
Market Capitalization | 460.7m USD |
Shares Outstanding | 14 706 700 |
Percentage of Shares Shorted | 18.4% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Clearfield, Inc. designs, manufactures, and distributes fiber optic management, protection and delivery products for communications networks. The company is headquartered in Brooklyn Park, Minnesota and currently employs 250 full-time employees. Clearfield is focused on providing fiber management, fiber protection, and fiber delivery products that accelerate the turn-up of gigabit speed bandwidth to residential homes, businesses, and network infrastructure in the wireline and wireless access network. The company provides contract manufacturing services for its customers which include original equipment manufacturers (OEM) requiring copper and fiber cable assemblies built to their specifications. Clearfield products include Clearview, FieldSmart, FieldShield, CraftSmart, WaveSmart and YOURx. Its YOURx platform consists of hardened terminals, test access points, and multiple drop cable options. Its broadband service providers include Multiple Service Operators (cable television) and Community Broadband (Tier 2 and 3 telco carriers, utilities, municipalities, and alternative carriers).
Contact
IPO
Employees
Officers
The intrinsic value of one CLFD stock under the Base Case scenario is 31.8 USD.
Compared to the current market price of 30.84 USD, Clearfield Inc is Undervalued by 3%.