CLEARFIELD INC (CLFD)
US18482P1030 - Common Stock
CLFD gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 54 industry peers in the Communications Equipment industry. CLFD has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. CLFD is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
CLFD had positive earnings in the past year.
CLFD had a positive operating cash flow in the past year.
In the past 5 years CLFD has always been profitable.
CLFD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CLFD has a better Return On Assets (3.88%) than 79.63% of its industry peers.
Looking at the Return On Equity, with a value of 4.33%, CLFD is in the better half of the industry, outperforming 72.22% of the companies in the same industry.
CLFD has a Return On Invested Capital of 2.78%. This is in the better half of the industry: CLFD outperforms 62.96% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CLFD is significantly above the industry average of 10.42%.
The 3 year average ROIC (18.19%) for CLFD is well above the current ROIC(2.78%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.88% | ||
| ROE | 4.33% | ||
| ROIC | 2.78% |
ROA(3y)15.61%
ROA(5y)12.02%
ROE(3y)21.12%
ROE(5y)15.66%
ROIC(3y)18.19%
ROIC(5y)13.53%
1.3 Margins
CLFD has a Profit Margin of 5.99%. This is amongst the best in the industry. CLFD outperforms 83.33% of its industry peers.
CLFD's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 5.18%, CLFD is doing good in the industry, outperforming 62.96% of the companies in the same industry.
In the last couple of years the Operating Margin of CLFD has grown nicely.
Looking at the Gross Margin, with a value of 27.34%, CLFD is doing worse than 83.33% of the companies in the same industry.
CLFD's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.18% | ||
| PM (TTM) | 5.99% | ||
| GM | 27.34% |
OM growth 3Y15.43%
OM growth 5Y16.15%
PM growth 3Y15.58%
PM growth 5Y16.95%
GM growth 3Y-7.97%
GM growth 5Y-4.47%
2. Health
2.1 Basic Checks
CLFD has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for CLFD has been increased compared to 1 year ago.
Compared to 5 years ago, CLFD has more shares outstanding
CLFD has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 9.46 indicates that CLFD is not in any danger for bankruptcy at the moment.
CLFD's Altman-Z score of 9.46 is amongst the best of the industry. CLFD outperforms 96.30% of its industry peers.
CLFD has a debt to FCF ratio of 0.32. This is a very positive value and a sign of high solvency as it would only need 0.32 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.32, CLFD belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
A Debt/Equity ratio of 0.01 indicates that CLFD is not too dependend on debt financing.
CLFD's Debt to Equity ratio of 0.01 is fine compared to the rest of the industry. CLFD outperforms 70.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.32 | ||
| Altman-Z | 9.46 |
ROIC/WACC0.29
WACC9.48%
2.3 Liquidity
A Current Ratio of 11.09 indicates that CLFD has no problem at all paying its short term obligations.
CLFD has a better Current ratio (11.09) than 98.15% of its industry peers.
CLFD has a Quick Ratio of 7.29. This indicates that CLFD is financially healthy and has no problem in meeting its short term obligations.
CLFD has a better Quick ratio (7.29) than 96.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 11.09 | ||
| Quick Ratio | 7.29 |
3. Growth
3.1 Past
The earnings per share for CLFD have decreased strongly by -78.42% in the last year.
CLFD shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 46.64% yearly.
Looking at the last year, CLFD shows a very negative growth in Revenue. The Revenue has decreased by -29.02% in the last year.
Measured over the past years, CLFD shows a very strong growth in Revenue. The Revenue has been growing by 28.17% on average per year.
EPS 1Y (TTM)-78.42%
EPS 3Y59.98%
EPS 5Y46.64%
EPS growth Q2Q-135%
Revenue 1Y (TTM)-29.02%
Revenue growth 3Y42.38%
Revenue growth 5Y28.17%
Revenue growth Q2Q-60.17%
3.2 Future
CLFD is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -78.32% yearly.
Based on estimates for the next years, CLFD will show a very negative growth in Revenue. The Revenue will decrease by -13.84% on average per year.
EPS Next Y-156.29%
EPS Next 2Y-78.32%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-45.27%
Revenue Next 2Y-13.84%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 35.99 indicates a quite expensive valuation of CLFD.
The rest of the industry has a similar Price/Earnings ratio as CLFD.
The average S&P500 Price/Earnings ratio is at 24.92. CLFD is valued slightly more expensive when compared to this.
CLFD is valuated quite expensively with a Price/Forward Earnings ratio of 289.31.
The rest of the industry has a similar Price/Forward Earnings ratio as CLFD.
CLFD's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.49.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.99 | ||
| Fwd PE | 289.31 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CLFD is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
CLFD's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CLFD is cheaper than 64.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.92 | ||
| EV/EBITDA | 8.1 |
4.3 Compensation for Growth
CLFD has a very decent profitability rating, which may justify a higher PE ratio.
CLFD's earnings are expected to decrease with -78.32% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.77
EPS Next 2Y-78.32%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CLFD does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
CLEARFIELD INC
NASDAQ:CLFD (4/26/2024, 7:00:00 PM)
After market: 29.51 0 (0%)29.51
+0.15 (+0.51%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap434.09M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.99 | ||
| Fwd PE | 289.31 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.88% | ||
| ROE | 4.33% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 5.18% | ||
| PM (TTM) | 5.99% | ||
| GM | 27.34% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 11.09 | ||
| Quick Ratio | 7.29 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-78.42%
EPS 3Y59.98%
EPS 5Y
EPS growth Q2Q
EPS Next Y-156.29%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-29.02%
Revenue growth 3Y42.38%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y