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Clearfield Inc
NASDAQ:CLFD

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Clearfield Inc Logo
Clearfield Inc
NASDAQ:CLFD
Watchlist
Price: 30.84 USD 3.21% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

CLFD's intrinsic value estimate is unreliable because it is based only on its multiples and doesn't use a DCF valuation.

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%.

Key Points:
CLFD Intrinsic Value
Base Case
31.8 USD
Undervaluation 3%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Clearfield Inc

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Fundamental Analysis

Clearfield Q1 2024: Sales Beat Amidst Down Trends
2024-Q1 Earnings Call

Clearfield Q1 2024: Sales Beat Amidst Down Trends

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
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Fundamental Scores

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.

Exceptional 3-Year Average ROIC
Exceptional 3-Years Revenue Growth
Positive Gross Profit
Positive 3-Year Average ROE
56/100
Profitability
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.

High Interest Coverage
High Altman Z-Score
Short-Term Solvency
Long-Term Solvency
99/100
Solvency
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

Wall Street analysts forecast CLFD stock price to rise over the next 12 months.

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.

Lowest
Price Target
25.25 USD
18% Downside
Average
Price Target
34.17 USD
11% Upside
Highest
Price Target
49.35 USD
60% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

CLFD Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

CLFD Price
Clearfield Inc

1M 1M
+2%
6M 6M
+8%
1Y 1Y
-31%
3Y 3Y
+7%
5Y 5Y
+110%
10Y 10Y
+34%
Annual Price Range
30.84
52w Low
23.01
52w High
50.06
Price Metrics
Average Annual Return 78.58%
Standard Deviation of Annual Returns 107.77%
Max Drawdown -83%
Shares Statistics
Market Capitalization 460.7m USD
Shares Outstanding 14 706 700
Percentage of Shares Shorted 18.4%

CLFD Return Decomposition
Main factors of price return

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CLFD News

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Company Profile

Clearfield Inc Logo
Clearfield Inc

Country

United States of America

Industry

Communications

Market Cap

460.7m USD

Dividend Yield

0%

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

MINNESOTA
Brooklyn Park
7050 Winnetka Ave. N., Suite 100
+17634766866.0
https://www.seeclearfield.com/

IPO

1986-08-06

Employees

250

Officers

CEO, President & Director
Ms. Cheryl P. Beranek
Chief Financial Officer
Mr. Daniel R. Herzog
Chief Operating Officer
Mr. John P. Hill
Chief Information Officer
Mr. Skip Hansen
General Counsel & Secretary
Frank J. Brixius Jr.
Chief Marketing Officer
Mr. Kevin Morgan
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Vice President of Human Resources & Office of Resource Management
Mr. Bob Cody
Chief Commercial Officer
Mr. Allen Griser
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See Also

Discover More
What is the Intrinsic Value of one CLFD stock?

The intrinsic value of one CLFD stock under the Base Case scenario is 31.8 USD.

Is CLFD stock undervalued or overvalued?

Compared to the current market price of 30.84 USD, Clearfield Inc is Undervalued by 3%.