Clorox
The Clorox Company manufactures and markets consumer and professional products worldwide. The last earnings update was 43 days ago. More info.
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CLX Share Price and Events
7 Day Returns
1 Year Returns
CLX Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Clorox (CLX) | -1.5% | 0.4% | 1.3% | 22.4% | 24.2% | 79.8% |
| US Household Products | 1.7% | 3% | 8.7% | 28.2% | 23.4% | 34% |
| US Market | 1.6% | 2.1% | 12.8% | 3.2% | 38.6% | 43.6% |
1 Year Return vs Industry and Market
- CLX underperformed the Household Products industry which returned 28.2% over the past year.
- CLX outperformed the Market in United States of America which returned 3.2% over the past year.
Value
Is Clorox undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Clorox
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Clorox.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 16 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Household Products Unlevered Beta | Simply Wall St/ S&P Global | 0.33 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.326 (1 + (1- 21%) (12.53%)) |
0.57 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%) |
7.5% |
Discounted Cash Flow Calculation for NYSE:CLX using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Clorox is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 7.5%) |
|
|---|---|---|---|
| 2019 | 848.30 | Analyst x7 | 789.13 |
| 2020 | 879.42 | Analyst x6 | 761.02 |
| 2021 | 897.83 | Analyst x4 | 722.75 |
| 2022 | 912.10 | Est @ 1.59% | 683.04 |
| 2023 | 929.73 | Est @ 1.93% | 647.67 |
| 2024 | 949.92 | Est @ 2.17% | 615.58 |
| 2025 | 972.14 | Est @ 2.34% | 586.04 |
| 2026 | 996.02 | Est @ 2.46% | 558.55 |
| 2027 | 1,021.30 | Est @ 2.54% | 532.78 |
| 2028 | 1,047.82 | Est @ 2.6% | 508.49 |
| Present value of next 10 years cash flows | $6,405.05 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,047.82 × (1 + 2.73%) ÷ (7.5% – 2.73%) |
$22,575.93 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $22,575.93 ÷ (1 + 7.5%)10 |
$10,955.74 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $6,405.05 + $10,955.74 |
$17,360.80 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $17,360.80 / 128.16 |
$135.46 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $135.46 |
| Current discount | Discount to share price of
$156.87
= -1 x ($156.87 - $135.46) / $135.46 |
-15.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Clorox is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Clorox's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Clorox's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $6.14 |
| NYSE:CLX Share Price ** | NYSE (2019-03-19) in USD | $156.87 |
| United States of America Household Products Industry PE Ratio | Median Figure of 8 Publicly-Listed Household Products Companies | 24.91x |
| United States of America Market PE Ratio | Median Figure of 3,056 Publicly-Listed Companies | 17.77x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Clorox.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:CLX Share Price ÷ EPS (both in USD) = 156.87 ÷ 6.14 |
25.55x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Clorox is overvalued based on earnings compared to the US Household Products industry average.
- Clorox is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Clorox's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 25.55x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts |
5.5%per year |
| United States of America Household Products Industry PEG Ratio | Median Figure of 6 Publicly-Listed Household Products Companies | 4.56x |
| United States of America Market PEG Ratio | Median Figure of 2,107 Publicly-Listed Companies | 1.49x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 25.55x ÷ 5.5% |
4.66x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Clorox is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Clorox's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $5.79 |
| NYSE:CLX Share Price * | NYSE (2019-03-19) in USD | $156.87 |
| United States of America Household Products Industry PB Ratio | Median Figure of 11 Publicly-Listed Household Products Companies | 2.15x |
| United States of America Market PB Ratio | Median Figure of 5,154 Publicly-Listed Companies | 1.89x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:CLX Share Price ÷ Book Value per Share (both in USD) = 156.87 ÷ 5.79 |
27.08x |
* Primary Listing of Clorox.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Clorox is overvalued based on assets compared to the US Household Products industry average.
Value checks
We assess Clorox's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Household Products industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Household Products industry average (and greater than 0)? (1 check) Clorox has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Clorox expected to perform in the next 1 to 3 years based on estimates from 16 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Clorox's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Clorox's earnings growth is positive but not above the United States of America market average.
- Clorox's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:CLX Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts | 5.5% |
| NYSE:CLX Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts | 3.3% |
| United States of America Household Products Industry Earnings Growth Rate | Market Cap Weighted Average | 5.6% |
| United States of America Household Products Industry Revenue Growth Rate | Market Cap Weighted Average | 3.5% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-06-30 | 7,285 | 1,206 | 1,034 | 2 |
| 2022-06-30 | 7,048 | 1,151 | 980 | 2 |
| 2021-06-30 | 6,702 | 1,107 | 903 | 10 |
| 2020-06-30 | 6,513 | 1,072 | 862 | 16 |
| 2019-06-30 | 6,335 | 1,045 | 822 | 16 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 6,244 | 1,099 | 790 |
| 2018-09-30 | 6,187 | 973 | 841 |
| 2018-06-30 | 6,124 | 974 | 823 |
| 2018-03-31 | 6,080 | 962 | 808 |
| 2017-12-31 | 6,040 | 922 | 799 |
| 2017-09-30 | 6,030 | 958 | 716 |
| 2017-06-30 | 5,973 | 868 | 703 |
| 2017-03-31 | 5,926 | 813 | 666 |
| 2016-12-31 | 5,875 | 863 | 653 |
| 2016-09-30 | 5,814 | 801 | 654 |
| 2016-06-30 | 5,761 | 778 | 648 |
| 2016-03-31 | 5,718 | 826 | 672 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
All data from Clorox Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-06-30 | 8.34 | 8.44 | 8.23 | 2.00 |
| 2022-06-30 | 7.81 | 7.86 | 7.75 | 2.00 |
| 2021-06-30 | 7.12 | 7.34 | 6.79 | 10.00 |
| 2020-06-30 | 6.74 | 7.00 | 6.48 | 16.00 |
| 2019-06-30 | 6.33 | 6.60 | 6.20 | 17.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 6.14 |
| 2018-09-30 | 6.52 |
| 2018-06-30 | 6.37 |
| 2018-03-31 | 6.25 |
| 2017-12-31 | 6.19 |
| 2017-09-30 | 5.56 |
| 2017-06-30 | 5.45 |
| 2017-03-31 | 5.16 |
| 2016-12-31 | 5.05 |
| 2016-09-30 | 5.05 |
| 2016-06-30 | 5.00 |
| 2016-03-31 | 5.19 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Clorox's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Clorox has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Clorox performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Clorox's year on year earnings growth rate has been positive over the past 5 years.
- Clorox's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Clorox's 1-year earnings growth is negative, it can't be compared to the US Household Products industry average.
Earnings and Revenue History
All data from Clorox Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 6,244.00 | 790.00 | 1,439.00 | 133.00 |
| 2018-09-30 | 6,187.00 | 841.00 | 1,420.00 | 132.00 |
| 2018-06-30 | 6,124.00 | 823.00 | 1,407.00 | 132.00 |
| 2018-03-31 | 6,080.00 | 808.00 | 1,427.00 | 132.00 |
| 2017-12-31 | 6,040.00 | 799.00 | 1,431.00 | 135.00 |
| 2017-09-30 | 6,030.00 | 716.00 | 1,423.00 | 136.00 |
| 2017-06-30 | 5,973.00 | 703.00 | 1,409.00 | 135.00 |
| 2017-03-31 | 5,926.00 | 666.00 | 1,432.00 | 140.00 |
| 2016-12-31 | 5,875.00 | 653.00 | 1,420.00 | 140.00 |
| 2016-09-30 | 5,814.00 | 654.00 | 1,412.00 | 142.00 |
| 2016-06-30 | 5,761.00 | 648.00 | 1,393.00 | 141.00 |
| 2016-03-31 | 5,718.00 | 672.00 | 1,348.00 | 138.00 |
| 2015-12-31 | 5,693.00 | 657.00 | 1,328.00 | 137.00 |
| 2015-09-30 | 5,693.00 | 634.00 | 1,329.00 | 136.00 |
| 2015-06-30 | 5,655.00 | 606.00 | 1,321.00 | 136.00 |
| 2015-03-31 | 5,595.00 | 588.00 | 1,273.00 | 132.00 |
| 2014-12-31 | 5,560.00 | 595.00 | 1,241.00 | 126.00 |
| 2014-09-30 | 5,523.00 | 585.00 | 1,241.00 | 124.00 |
| 2014-06-30 | 5,514.00 | 579.00 | 1,254.00 | 125.00 |
| 2014-03-31 | 5,564.00 | 592.00 | 1,272.00 | 125.00 |
| 2013-12-31 | 5,611.00 | 575.00 | 1,302.00 | 131.00 |
| 2013-09-30 | 5,628.00 | 580.00 | 1,304.00 | 131.00 |
| 2013-06-30 | 5,533.00 | 573.00 | 1,291.00 | 130.00 |
| 2013-03-31 | 5,617.00 | 564.00 | 1,301.00 | 129.00 |
| 2012-12-31 | 5,605.00 | 564.00 | 1,310.00 | 125.00 |
| 2012-09-30 | 5,501.00 | 546.00 | 1,289.00 | 123.00 |
| 2012-06-30 | 5,468.00 | 543.00 | 1,280.00 | 121.00 |
| 2012-03-31 | 5,409.00 | 536.00 | 1,278.00 | 116.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Whilst Clorox made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
- Clorox used its assets more efficiently than the US Household Products industry average last year based on Return on Assets.
- Clorox's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Clorox's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Household Products industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Clorox has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Clorox's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Clorox's finances.
The net worth of a company is the difference between its assets and liabilities.
- Clorox is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Clorox's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Clorox Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 742.00 | 2,520.00 | 162.00 |
| 2018-09-30 | 677.00 | 2,565.00 | 162.00 |
| 2018-06-30 | 726.00 | 2,483.00 | 131.00 |
| 2018-03-31 | 837.00 | 2,855.00 | 1,174.00 |
| 2017-12-31 | 760.00 | 2,283.00 | 489.00 |
| 2017-09-30 | 592.00 | 2,200.00 | 468.00 |
| 2017-06-30 | 542.00 | 2,195.00 | 418.00 |
| 2017-03-31 | 404.00 | 2,440.00 | 431.00 |
| 2016-12-31 | 270.00 | 2,549.00 | 414.00 |
| 2016-09-30 | 289.00 | 2,407.00 | 408.00 |
| 2016-06-30 | 297.00 | 2,312.00 | 401.00 |
| 2016-03-31 | 259.00 | 2,228.00 | 414.00 |
| 2015-12-31 | 198.00 | 2,296.00 | 390.00 |
| 2015-09-30 | 119.00 | 2,227.00 | 383.00 |
| 2015-06-30 | 118.00 | 2,191.00 | 382.00 |
| 2015-03-31 | 302.00 | 2,166.00 | 378.00 |
| 2014-12-31 | 281.00 | 2,672.00 | 819.00 |
| 2014-09-30 | 169.00 | 2,240.00 | 355.00 |
| 2014-06-30 | 154.00 | 2,326.00 | 329.00 |
| 2014-03-31 | 53.00 | 2,568.00 | 364.00 |
| 2013-12-31 | 156.00 | 2,512.00 | 341.00 |
| 2013-09-30 | 81.00 | 2,456.00 | 323.00 |
| 2013-06-30 | 146.00 | 2,372.00 | 299.00 |
| 2013-03-31 | 152.00 | 2,561.00 | 423.00 |
| 2012-12-31 | 56.00 | 2,674.00 | 445.00 |
| 2012-09-30 | -20.00 | 3,021.00 | 667.00 |
| 2012-06-30 | -135.00 | 2,721.00 | 267.00 |
| 2012-03-31 | -106.00 | 2,850.00 | 303.00 |
- Clorox's level of debt (339.6%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (1622.6% vs 339.6% today).
- Debt is well covered by operating cash flow (43.6%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 13x coverage).
Financial health checks
We assess Clorox's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Clorox has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Clorox's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Clorox
shares you are expected to receive
$49
in your first year as a dividend.
Dividend Amount
- Clorox's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
- Clorox's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
Upcoming dividend payment
Purchase Clorox on or before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
| United States of America Household Products Industry Average Dividend Yield | Market Cap Weighted Average of 7 Stocks | 2.7% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-06-30 | 4.78 | 1.00 |
| 2022-06-30 | 4.56 | 1.00 |
| 2021-06-30 | 4.24 | 10.00 |
| 2020-06-30 | 4.09 | 13.00 |
| 2019-06-30 | 3.90 | 14.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-13 | 3.840 | 2.432 |
| 2018-11-14 | 3.840 | 2.463 |
| 2018-09-18 | 3.840 | 2.535 |
| 2018-05-22 | 3.840 | 2.841 |
| 2018-02-14 | 3.840 | 3.079 |
| 2017-11-14 | 3.360 | 2.391 |
| 2017-09-13 | 3.360 | 2.574 |
| 2017-05-09 | 3.360 | 2.488 |
| 2017-05-03 | 3.200 | 2.421 |
| 2016-11-16 | 3.200 | 2.530 |
| 2016-09-14 | 3.200 | 2.663 |
| 2016-05-17 | 3.200 | 2.424 |
| 2016-02-10 | 3.080 | 2.417 |
| 2015-11-18 | 3.080 | 2.424 |
| 2015-09-16 | 3.080 | 2.572 |
| 2015-05-12 | 3.080 | 2.803 |
| 2015-02-11 | 2.960 | 2.712 |
| 2014-11-19 | 2.960 | 2.838 |
| 2014-09-17 | 2.960 | 3.032 |
| 2014-05-13 | 2.960 | 3.296 |
| 2014-02-12 | 2.840 | 3.224 |
| 2013-11-19 | 2.840 | 3.129 |
| 2013-09-18 | 2.840 | 3.286 |
| 2013-05-14 | 2.840 | 3.353 |
| 2013-02-13 | 2.560 | 2.986 |
| 2013-02-05 | 2.560 | 3.174 |
| 2012-09-12 | 2.560 | 3.442 |
| 2012-05-15 | 2.560 | 3.575 |
| 2012-02-15 | 2.400 | 3.497 |
| 2011-11-16 | 2.400 | 3.592 |
| 2011-11-03 | 2.400 | 3.683 |
| 2011-05-19 | 2.400 | 3.524 |
| 2011-02-16 | 2.200 | 3.187 |
| 2010-11-17 | 2.200 | 3.467 |
| 2010-09-15 | 2.200 | 3.331 |
| 2010-05-19 | 2.200 | 3.415 |
| 2010-02-09 | 2.000 | 3.169 |
| 2009-11-18 | 2.000 | 3.277 |
| 2009-09-16 | 2.000 | 3.406 |
| 2009-06-11 | 2.000 | 3.467 |
| 2009-03-20 | 1.840 | 3.468 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Clorox's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.6x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
Income/ dividend checks
We assess Clorox's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Clorox afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Clorox has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $8,133,067 |
| AGE | 54 |
| TENURE AS CEO | 4.3 years |
CEO Bio
Mr. Benno O. Dorer has been the Chairman of The Clorox Company since August 15, 2016 and has been its Chief Executive Officer since November 20, 2014. Mr. Dorer served as an Executive Vice President and Chief Operating Officer of Cleaning, International & Corporate Strategy at The Clorox Company from January 1, 2013 to November 20, 2014. He served as Senior Vice President of Cleaning Division and Canada at Clorox Company from March 2011 to December 2012. He served as Senior Vice President of Cleaning Division at The Clorox Company from June 2009 to March 2011 and as its General Manager of Cleaning Division from October 2007 to June 2009. He served as Vice President of Cleaning Division of The Clorox Company from October 2007 to June 2009. He served as Vice President of Household Division and General Manager of Household Division of The Clorox Company from March 2007 to October 2007 and its Vice President and General Manager of the Glad Business from joining in January 2005 to March 2007. He was responsible for the manufacturing and marketing of Clorox 's U.S. retail Fresh Step® and Scoop Away® cat litter brands and plastic wraps, food storage bags and containers and trash bags, including the Glad® and GladWare® brands. Prior to this, he worked at Procter & Gamble leading the marketing organization for the Glad Products joint venture since its inception. He worked at Procter & Gamble for 14 years, where he held marketing positions across a range of categories, including home care, in the United States and worldwide. He has been a Director of V.F. Corporation since February 14, 2017 and The Clorox Company since 2014. He serves on the Board of Directors of the Chabot Space & Science Center Foundation in Oakland, Calif. He served as a Member of Board of Directors of The American Cleaning Institute. He served as a Director of Clorox Holdings Pty Limited until October 27, 2014. He served as a Director of Clorox New Zealand Limited from April 01, 2013 to October 2014. Mr. Dorer holds a Basic Degree in Economics from University of Freiburg in Germany and a Graduate degree in Business Administration (Diplom-Kaufmann) from University of Saarbruecken, also in Germany.
CEO Compensation
- Benno's compensation has been consistent with company performance over the past year.
- Benno's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Clorox management team in years:
- The average tenure for the Clorox management team is less than 2 years, this suggests a new team.
Management Team
Benno Dorer
Chairman & CEO
$8M
54
4.3 yrs
Kevin Jacobsen
Executive VP & CFO
$1M
51
0.9 yrs
Linda Rendle
Executive Vice President of Strategy & Operations
$2M
40
0.2 yrs
Laura Stein
Executive VP of Corporate Affairs & General Counsel
$2M
56
14.2 yrs
Steve Robb
$3M
53
1 yrs
Jeff Baker
VP, Chief Accounting Officer & Corporate Controller
49
2.2 yrs
Jay McNulty
Senior VP & Chief Information Officer
62
0.7 yrs
Lisah Burhan
Vice President of Investor Relations
Jon Balousek
Executive Vice President of Specialty & Corporate Development
49
1.2 yrs
Bill Bailey
Senior Vice President of Corporate Business Development
52
3.2 yrs
Board of Directors Tenure
Average tenure and age of the Clorox board of directors in years:
- The tenure for the Clorox board of directors is about average.
Board of Directors
Benno Dorer
Chairman & CEO
$8M
54
2.6 yrs
Carolyn Ticknor
Independent Director
$271K
71
14.2 yrs
Rich Carmona
Independent Director
$266K
68
12.1 yrs
Spencer Fleischer
Independent Director
$251K
64
3.7 yrs
Pamela Thomas-Graham
Lead Director
$301K
55
2.6 yrs
Robert Matschullat
Independent Director
$251K
70
20.2 yrs
Esther Lee
Independent Director
$251K
59
5.6 yrs
Chris Williams
Independent Director
$251K
60
3.7 yrs
David MacKay
Independent Director
$251K
62
2.6 yrs
Amy Banse
Independent Director
$251K
60
2.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10. Dec 18 | Sell | Denise Garner | Individual | 07. Dec 18 | 07. Dec 18 | -6,751 | $162.72 | $-1,098,541 | ||
| 10. Sep 18 | Sell | Linda Rendle | Individual | 06. Sep 18 | 06. Sep 18 | -382 | $148.32 | $-56,657 | ||
| 07. Sep 18 | Sell | Dawn Willoughby | Individual | 05. Sep 18 | 05. Sep 18 | -3,387 | $148.01 | $-501,309 | ||
| 30. Aug 18 | Sell | Jon Balousek | Individual | 29. Aug 18 | 29. Aug 18 | -3,354 | $144.73 | $-485,409 | ||
Management checks
We assess Clorox's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Clorox has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Why The Clorox Company’s (NYSE:CLX) Return On Capital Employed Is Impressive
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … How Do You Calculate Return On Capital Employed
Simply Wall St - – Full articleThe Clorox Company (NYSE:CLX): Immense Growth Potential?
Based on The Clorox Company's (NYSE:CLX) earnings update on 31 December 2018, … the consensus outlook from analysts appear somewhat bearish, … the higher past 5-year average growth rate of 7.9%.
Simply Wall St - – Full articleBrief Commentary On The Clorox Company's (NYSE:CLX) Fundamentals
Help shape the future of investing tools and you could win a $250 gift card! … The Clorox Company (NYSE:CLX) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.
Simply Wall St - – Full articleWhy The Clorox Company (NYSE:CLX) Is A Dividend Rockstar
There is a lot to be liked about The Clorox Company (NYSE:CLX) as an income stock. … The stock currently pays out a dividend yield of 2.6%, and has a market cap of US$19b. … Does Clorox tick all the boxes of a great dividend stock?
Simply Wall St - – Full articleRead This Before Considering The Clorox Company (NYSE:CLX) For Its Upcoming US$0.96 Dividend
If you are interested in cashing in on The Clorox Company's (NYSE:CLX) upcoming dividend of US$0.96 per share, you only have 4 days left to buy the shares before its ex-dividend date, 22 January 2019, in time for dividends payable on the 08 February 2019. … 5 checks you should use to assess a dividend stock? … Will the company be able to keep paying dividend based on the future earnings growth
Simply Wall St - – Full articleShould We Worry About The Clorox Company's (NYSE:CLX) P/E Ratio?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … How Do I Calculate Clorox's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleShould You Be Worried About Insider Transactions At The Clorox Company (NYSE:CLX)?
So before you buy or sell The Clorox Company (NYSE:CLX), you may well want to know whether insiders have been buying or selling. … Clorox Insider Transactions Over The Last Year. … All up, insiders sold more shares in Clorox than they bought, over the last year
Simply Wall St - – Full articleDo Directors Own The Clorox Company (NYSE:CLX) Shares?
Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Our analysis of the ownership of the company, below, shows that.
Simply Wall St - – Full articleUnderstanding Your Return On Investment In The Clorox Company (NYSE:CLX)
and want to begin learning the link between The Clorox Company (NYSE:CLX)’s return fundamentals and stock market performance. … Your return is tied to CLX’s ability to do this because the amount earned is used to invest in opportunities to grow the business or payout dividends, which are the two sources of return on investment. … To understand Clorox’s capital returns we will look at a useful metric called return on capital employed.
Simply Wall St - – Full articleIs The Clorox Company's (NYSE:CLX) CEO Paid Enough To Stay Motivated?
This analysis aims first to contrast CEO compensation with other large companies. … How Does Benno Dorer's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that The Clorox Company has a market cap of US$19.1b, and is paying total annual CEO compensation of US$8m.
Simply Wall St - – Full articleCompany Info
Description
The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; and professional cleaning, disinfecting, and food service products under the Clorox, Dispatch, HealthLink, Clorox Healthcare, Hidden Valley, KC Masterpiece, and Soy Vay brands. It also provides charcoal products under the Kingsford and Match Light brands; bags, wraps, and containers under the Glad brand; cat litter products under the Fresh Step, Scoop Away, and Ever Clean brands; and digestive health products under the RenewLife brand. In addition, the company offers dressings and sauces primarily under the Hidden Valley, KC Masterpiece, Kingsford, and Soy Vay brands; water-filtration systems and filters under the Brita brand; natural personal care products under the Burt’s Bees brand; and dietary supplements under the Rainbow Light, Natural Vitality, and Neocell brands. Further, it markets its products under the PinoLuz, Ayudin, Limpido, Clorinda, Poett, Mistolin, Lestoil, Bon Bril, Agua Jane, and Chux brands. The company sells its products primarily through mass retailers, grocery outlets, warehouse clubs, dollar stores, home hardware centers, third-party and owned e-commerce channels, military stores, and distributors, as well as a direct sales force and medical supply distributors. The Clorox Company was founded in 1913 and is headquartered in Oakland, California.
Details
| Name: | The Clorox Company |
| CLX | |
| Exchange: | NYSE |
| Founded: | 1913 |
| $20,105,132,015 | |
| 128,164,289 | |
| Website: | http://www.thecloroxcompany.com |
| Address: |
The Clorox Company 1221 Broadway, Oakland, California, 94612, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | CLX | Common Stock | New York Stock Exchange | US | USD | 01. Aug 1968 | |
| DB | CXX | Common Stock | Deutsche Boerse AG | DE | EUR | 01. Aug 1968 | |
| LSE | 0I0J | Common Stock | London Stock Exchange | GB | USD | 01. Aug 1968 |
Number of employees
Current staff
Industry
| Household Products | |
| Household |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/19 23:34 |
| End of day share price update: | 2019/03/19 00:00 |
| Last estimates confirmation: | 2019/03/06 |
| Last earnings filing: | 2019/02/04 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/06/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
