NYSE:CCC

Stock Analysis Report

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Executive Summary

Clarivate Plc, an information services and analytics company, provides structured information and analytics for discovery, protection, and commercialization of scientific research, innovations, and brands. More Details


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Clarivate's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CCC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CCC's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

2.0%

CCC

1.1%

US Professional Services

1.5%

US Market


1 Year Return

58.8%

CCC

25.0%

US Professional Services

22.3%

US Market

Return vs Industry: CCC exceeded the US Professional Services industry which returned 25% over the past year.

Return vs Market: CCC exceeded the US Market which returned 22.3% over the past year.


Shareholder returns

CCCIndustryMarket
7 Day2.0%1.1%1.5%
30 Day-9.5%6.1%8.8%
90 Day-0.07%12.0%10.8%
1 Year58.8%58.8%25.9%25.0%25.1%22.3%
3 Yearn/a62.3%57.6%49.5%39.6%
5 Yearn/a119.2%107.7%105.8%83.3%

Long-Term Price Volatility Vs. Market

How volatile is Clarivate's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Clarivate undervalued compared to its fair value and its price relative to the market?

4.61x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CCC ($27.95) is trading above our estimate of fair value ($20.18)

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


Price To Earnings Ratio

PE vs Industry: CCC is unprofitable, so we can't compare its PE Ratio to the US Professional Services industry average.

PE vs Market: CCC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CCC is overvalued based on its PB Ratio (4.6x) compared to the US Professional Services industry average (3.2x).


Next Steps

Future Growth

How is Clarivate forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

87.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

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

High Growth Earnings: CCC's is expected to become profitable in the next 3 years.

Revenue vs Market: CCC's revenue (18% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: CCC's revenue (18% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CCC's Return on Equity is forecast to be low in 3 years time (5.6%).


Next Steps

Past Performance

How has Clarivate performed over the past 5 years?

-16.1%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: CCC is currently unprofitable.

Growing Profit Margin: CCC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if CCC's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: CCC is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (-0.06%).


Return on Equity

High ROE: CCC has a negative Return on Equity (-8.38%), as it is currently unprofitable.


Next Steps

Financial Health

How is Clarivate's financial position?


Financial Position Analysis

Short Term Liabilities: CCC's short term assets ($944.3M) exceed its short term liabilities ($662.7M).

Long Term Liabilities: CCC's short term assets ($944.3M) do not cover its long term liabilities ($2.1B).


Debt to Equity History and Analysis

Debt Level: CCC's debt to equity ratio (81.8%) is considered high.

Reducing Debt: Insufficient data to determine if CCC's debt to equity ratio has reduced 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: Whilst unprofitable CCC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CCC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 99.3% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate CCC'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 CCC's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CCC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Jerre Stead (77 yo)

1.5yrs

Tenure

US$16,589,115

Compensation

Mr. Jerre L. Stead has been the Chairman and Chief Executive Officer of Markit Ltd. since July 12, 2016. Mr. Stead serves as an Executive Director and Executive Chairman of Clarivate Analytics Plc since Ma...


CEO Compensation Analysis

Compensation vs Market: Jerre's total compensation ($USD16.59M) is above average for companies of similar size in the US market ($USD10.83M).

Compensation vs Earnings: Insufficient data to compare Jerre's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Jerre Stead
Executive Chairman & CEO1.5yrsUS$16.59m0.87%
$ 147.2m
Richard Hanks
Chief Financial Officer3.75yrsUS$858.44kno data
Stephen Hartman
General Counsel6.42yrsUS$616.52kno data
Mukhtar Ahmed
President of Science Group2.92yrsUS$889.49kno data
Jeff Roy
President of Intellectual Property Group3.25yrsUS$674.97k0%
$ 0
Michael Morhardt
Executive Vice President of Commercial Performance & Operationsno datano datano data
Christie Archbold
Chief Accounting Officerno datano datano data
Stefano Maestri
Chief Technology Officer0.33yrno datano data
Mark Donohue
Head of Investor Relationsno datano datano data
Tabita Seagrave
Head of Global Corporate Communicationsno datano datano data
Julia Mair
Chief Marketing Officerno datano datano data
Andrea Degutis
Chief Human Resources Officerno datano datano data

3.1yrs

Average Tenure

55yo

Average Age

Experienced Management: CCC's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jerre Stead
Executive Chairman & CEO1.5yrsUS$16.59m0.87%
$ 147.2m
Anthony Munk
Independent Director4.17yrsno datano data
Karen Mills
Independent Director1.58yrsUS$132.46kno data
Konstantin Gilis
Independent Director1.92yrsno datano data
Balakrishnan Iyer
Independent Director1.58yrsUS$140.38k0.043%
$ 7.2m
Richard Roedel
Independent Director0.58yrno datano data
Usama Cortas
Director0.17yrno datano data
Jane Bomba
Independent Director0.58yrno data0.0083%
$ 1.4m
Sheryl von Blucher
Independent Director1.58yrsUS$137.77k0.54%
$ 91.8m
Charles Neral
Independent Director3.42yrsUS$240.07k0.0044%
$ 738.4k
Adam Levyn
Director0.17yrno datano data
Nicholas Macksey
Independent Director4.17yrsno datano data

1.6yrs

Average Tenure

60yo

Average Age

Experienced Board: CCC's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


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: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 98%.


Top Shareholders

Company Information

Clarivate Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Clarivate Plc
  • Ticker: CCC
  • Exchange: NYSE
  • Founded:
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: US$16.936b
  • Shares outstanding: 605.96m
  • Website: https://www.clarivate.com

Number of Employees


Location

  • Clarivate Plc
  • Friars House
  • 160 Blackfriars Road
  • London
  • Greater London
  • SE1 8EZ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CCCNYSE (New York Stock Exchange)YesCommon StockUSUSDMay 2019
16ADB (Deutsche Boerse AG)YesCommon StockDEEURMay 2019

Biography

Clarivate Plc, an information services and analytics company, provides structured information and analytics for discovery, protection, and commercialization of scientific research, innovations, and brands....


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/06 00:36
End of Day Share Price2020/12/04 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.