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CLSA

ClearSale BOVESPA:CLSA3 Stock Report

Last Price

R$4.37

Market Cap

R$821.2m

7D

10.1%

1Y

n/a

Updated

05 Jul, 2022

Data

Company Financials +
CLSA3 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance0/6
Financial Health3/6
Dividends0/6

CLSA3 Stock Overview

ClearSale S.A. develops fraud detection solutions for businesses in Brazil.

ClearSale Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ClearSale
Historical stock prices
Current Share PriceR$4.37
52 Week HighR$30.50
52 Week LowR$3.41
Beta0
1 Month Change-13.12%
3 Month Change-26.43%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-84.67%

Recent News & Updates

Shareholder Returns

CLSA3BR SoftwareBR Market
7D10.1%1.6%-2.0%
1Yn/a-23.4%-29.6%

Return vs Industry: Insufficient data to determine how CLSA3 performed against the BR Software industry.

Return vs Market: Insufficient data to determine how CLSA3 performed against the BR Market.

Price Volatility

Is CLSA3's price volatile compared to industry and market?
CLSA3 volatility
CLSA3 Average Weekly Movement10.6%
Software Industry Average Movement8.0%
Market Average Movement5.8%
10% most volatile stocks in BR Market9.2%
10% least volatile stocks in BR Market2.8%

Stable Share Price: CLSA3 is more volatile than 90% of BR stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: CLSA3's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of BR stocks.

About the Company

FoundedEmployeesCEOWebsite
20002,618Bernardo Lustosahttps://www.clearsale.com.br

ClearSale S.A. develops fraud detection solutions for businesses in Brazil. It also offers fraud consulting services. The company was founded in 2000 and is based in São Paulo, Brazil.

ClearSale Fundamentals Summary

How do ClearSale's earnings and revenue compare to its market cap?
CLSA3 fundamental statistics
Market CapR$821.24m
Earnings (TTM)-R$127.53m
Revenue (TTM)R$464.98m

1.8x

P/S Ratio

-6.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CLSA3 income statement (TTM)
RevenueR$464.98m
Cost of RevenueR$322.12m
Gross ProfitR$142.86m
Other ExpensesR$270.39m
Earnings-R$127.53m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.68
Gross Margin30.72%
Net Profit Margin-27.43%
Debt/Equity Ratio12.6%

How did CLSA3 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is CLSA3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CLSA3?

Other financial metrics that can be useful for relative valuation.

CLSA3 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA-2.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does CLSA3's PS Ratio compare to its peers?

CLSA3 PS Ratio vs Peers
The above table shows the PS ratio for CLSA3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.6x
TOTS3 TOTVS
4.2x14.6%R$14.8b
NGRD3 Neogrid Participações
1.8x14.0%R$441.7m
SQIA3 Sinqia
3.3x16.6%R$1.4b
CARD3 CSU Cardsystem
1xn/aR$522.9m
CLSA3 ClearSale
1.8x34.2%R$821.2m

Price-To-Sales vs Peers: CLSA3 is good value based on its Price-To-Sales Ratio (1.8x) compared to the peer average (2.6x).


Price to Earnings Ratio vs Industry

How does CLSA3's PE Ratio compare vs other companies in the Global Software Industry?

Price-To-Sales vs Industry: CLSA3 is good value based on its Price-To-Sales Ratio (1.8x) compared to the Global Software industry average (3.5x)


Price to Sales Ratio vs Fair Ratio

What is CLSA3's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CLSA3 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.8x
Fair PS Ratio2.9x

Price-To-Sales vs Fair Ratio: CLSA3 is good value based on its Price-To-Sales Ratio (1.8x) compared to the estimated Fair Price-To-Sales Ratio (2.9x).


Share Price vs Fair Value

What is the Fair Price of CLSA3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CLSA3 (R$4.37) is trading above our estimate of fair value (R$0.51)

Significantly Below Fair Value: CLSA3 is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CLSA3's PEG Ratio to determine if it is good value.


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Future Growth

How is ClearSale forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


151.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLSA3 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (9.2%).

Earnings vs Market: CLSA3 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CLSA3 is expected to become profitable in the next 3 years.

Revenue vs Market: CLSA3's revenue (34.2% per year) is forecast to grow faster than the BR market (5.6% per year).

High Growth Revenue: CLSA3's revenue (34.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CLSA3's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has ClearSale performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-43.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CLSA3 is currently unprofitable.

Growing Profit Margin: CLSA3 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CLSA3 is unprofitable, and losses have increased over the past 5 years at a rate of 43.8% per year.

Accelerating Growth: Unable to compare CLSA3's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CLSA3 is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (15%).


Return on Equity

High ROE: CLSA3 has a negative Return on Equity (-17.25%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is ClearSale's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: CLSA3's short term assets (R$767.9M) exceed its short term liabilities (R$159.3M).

Long Term Liabilities: CLSA3's short term assets (R$767.9M) exceed its long term liabilities (R$68.2M).


Debt to Equity History and Analysis

Debt Level: CLSA3 has more cash than its total debt.

Reducing Debt: CLSA3's debt to equity ratio has increased from 4.6% to 12.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if CLSA3 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CLSA3 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is ClearSale current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.67%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate CLSA3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CLSA3's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CLSA3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CLSA3's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CLSA3 has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.5yrs

Average management tenure


CEO

Bernardo Lustosa

no data

Tenure

Mr. Bernardo Carvalho Lustosa, PhD is Chief Executive Officer and Member of Executive Board at ClearSale S.A. Mr. Lustosa joined ClearSale in 2004 and serves as Vice President of Financial Strategy, and C...


Leadership Team

Experienced Management: CLSA3's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: CLSA3 only recently listed within the past 12 months.


Top Shareholders

Company Information

ClearSale S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: ClearSale S.A.
  • Ticker: CLSA3
  • Exchange: BOVESPA
  • Founded: 2000
  • Industry: Systems Software
  • Sector: Software
  • Implied Market Cap: R$821.237m
  • Shares outstanding: 187.93m
  • Website: https://www.clearsale.com.br

Number of Employees


Location

  • ClearSale S.A.
  • Rua Achilles Orlando Curtolo, nº 349
  • Parque Industrial Tomas Edson
  • São Paulo
  • São Paulo
  • 01144-010
  • Brazil

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/05 00:00
End of Day Share Price2022/07/05 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.