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CLX

CloroxNYSE:CLX Stock Report

Market Cap

US$20.7b

7D

-0.3%

1Y

-15.9%

Updated

07 Dec, 2021

Data

Company Financials +
CLX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance1/6
Financial Health3/6
Dividends4/6

CLX Stock Overview

The Clorox Company manufactures and markets consumer and professional products worldwide.

Clorox Competitors

Procter & Gamble

NYSE:PG

US$368.2b

Colgate-Palmolive

NYSE:CL

US$66.2b

Kimberly-Clark

NYSE:KMB

US$45.9b

Church & Dwight

NYSE:CHD

US$23.0b

Price History & Performance

Summary of all time highs, changes and price drops for Clorox
Historical stock prices
Current Share PriceUS$168.73
52 Week HighUS$231.11
52 Week LowUS$156.23
Beta0.17
1 Month Change3.35%
3 Month Change0.36%
1 Year Change-15.89%
3 Year Change4.03%
5 Year Change45.42%
Change since IPO1,469.58%

Recent News & Updates

Dec 06

Clorox Coming Off COVID High

Clorox shares are becoming more reasonably valued after a significant run-up as a COVID story stock last year. The vitamins, minerals, and supplements business is struggling while competitors are making gains in the space. An increase in U.S. corporate tax rates would have a significant impact on Clorox's bottom line. The underlying business is still attractive, but value and dividend growth investors should be patient and wait for a better entry point.

Nov 22
We Think Clorox (NYSE:CLX) Can Stay On Top Of Its Debt

We Think Clorox (NYSE:CLX) Can Stay On Top Of Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Nov 18

Clorox Stock: When Good Companies Make Bad Investments, A Sell For Multiple Reasons

Clorox saw earnings rise at an unsustainable rate during the pandemic. The company will likely face a number of headwinds over the next couple years that will likely hurt the company's growth and margins. The stock is overvalued using almost any metric given the limited future growth prospects the company's core businesses face.

Oct 14

Clorox Stock: Little Reason To Believe Growth Projections

The Clorox Company was set up for greatness during the COVID-19 pandemic. But margin contraction and competitive pressures are mounting, and the company's balance sheet won't support these headwinds intensifying. As a result, I have turned bearish on the company's long-term prospects.

Shareholder Returns

CLXUS Household ProductsUS Market
7D-0.3%1.7%-2.6%
1Y-15.9%6.1%17.8%

Return vs Industry: CLX underperformed the US Household Products industry which returned 4.5% over the past year.

Return vs Market: CLX underperformed the US Market which returned 16.5% over the past year.

Price Volatility

Is CLX's price volatile compared to industry and market?
CLX volatility
CLX Average Weekly Movement2.7%
Household Products Industry Average Movement3.4%
Market Average Movement6.2%
10% most volatile stocks in US Market14.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: CLX is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CLX's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19139,000Linda Rendlehttps://www.thecloroxcompany.com

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brand names; professional cleaning and disinfecting products under the CloroxPro, Clorox Healthcare, and Clorox Total 360 brand names; professional food service products under the Hidden Valley brand name; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brand names in the United States.

Clorox Fundamentals Summary

How do Clorox's earnings and revenue compare to its market cap?
CLX fundamental statistics
Market CapUS$20.73b
Earnings (TTM)US$437.00m
Revenue (TTM)US$7.23b

47.4x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CLX income statement (TTM)
RevenueUS$7.23b
Cost of RevenueUS$4.28b
Gross ProfitUS$2.95b
ExpensesUS$2.51b
EarningsUS$437.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.56
Gross Margin40.78%
Net Profit Margin6.04%
Debt/Equity Ratio524.7%

How did CLX perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

130%

Payout Ratio

Does CLX pay a reliable dividends?

See CLX dividend history and benchmarks
When do you need to buy CLX by to receive an upcoming dividend?
Clorox dividend dates
Ex Dividend DateJan 25 2022
Dividend Pay DateFeb 11 2022
Days until Ex dividend49 days
Days until Dividend pay date66 days

Does CLX pay a reliable dividends?

See CLX dividend history and benchmarks

Valuation

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

20.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CLX ($168.73) is trading below our estimate of fair value ($212.34)

Significantly Below Fair Value: CLX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CLX is poor value based on its PE Ratio (47.4x) compared to the US Household Products industry average (23.6x).

PE vs Market: CLX is poor value based on its PE Ratio (47.4x) compared to the US market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: CLX is poor value based on its PEG Ratio (3.5x)


Price to Book Ratio

PB vs Industry: CLX is overvalued based on its PB Ratio (56.3x) compared to the US Household Products industry average (6.4x).


Future Growth

How is Clorox forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

13.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLX's forecast earnings growth (13.5% per year) is above the savings rate (2%).

Earnings vs Market: CLX's earnings (13.5% per year) are forecast to grow slower than the US market (13.8% per year).

High Growth Earnings: CLX's earnings are forecast to grow, but not significantly.

Revenue vs Market: CLX's revenue (3.4% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: CLX's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CLX's Return on Equity is forecast to be very high in 3 years time (497.1%).


Past Performance

How has Clorox performed over the past 5 years?

4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLX has a large one-off loss of $304.0M impacting its September 30 2021 financial results.

Growing Profit Margin: CLX's current net profit margins (6%) are lower than last year (16.1%).


Past Earnings Growth Analysis

Earnings Trend: CLX's earnings have grown by 4.9% per year over the past 5 years.

Accelerating Growth: CLX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CLX had negative earnings growth (-62%) over the past year, making it difficult to compare to the Household Products industry average (-1%).


Return on Equity

High ROE: Whilst CLX's Return on Equity (81.35%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Clorox's financial position?


Financial Position Analysis

Short Term Liabilities: CLX's short term assets ($1.8B) do not cover its short term liabilities ($2.6B).

Long Term Liabilities: CLX's short term assets ($1.8B) do not cover its long term liabilities ($3.1B).


Debt to Equity History and Analysis

Debt Level: CLX's net debt to equity ratio (481.5%) is considered high.

Reducing Debt: CLX's debt to equity ratio has reduced from 834% to 524.7% over the past 5 years.

Debt Coverage: CLX's debt is well covered by operating cash flow (32.5%).

Interest Coverage: CLX's interest payments on its debt are well covered by EBIT (10.2x coverage).


Balance Sheet


Dividend

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

2.75%

Current Dividend Yield


Upcoming Dividend Payment

TodayDec 07 2021Ex Dividend DateJan 25 2022Dividend Pay DateFeb 11 202217 days from Ex DividendBuy in the next 49 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CLX's dividend (2.75%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: CLX's dividend (2.75%) is low compared to the top 25% of dividend payers in the US market (3.62%).


Stability and Growth of Payments

Stable Dividend: CLX's dividends per share have been stable in the past 10 years.

Growing Dividend: CLX's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (129.6%), CLX's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CLX's dividends in 3 years are forecast to be covered by earnings (69.6% payout ratio).


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Linda Rendle (43 yo)

1.25yrs

Tenure

US$7,899,309

Compensation

Ms. Linda Rendle serves as Chief Executive Officer and Director of The Clorox Company since September 14 2020. Ms. Rendle served as President of The Clorox Company from May 4, 2020 to September 14, 2020. S...


CEO Compensation Analysis

Compensation vs Market: Linda's total compensation ($USD7.90M) is about average for companies of similar size in the US market ($USD11.15M).

Compensation vs Earnings: Linda's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: CLX's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: CLX's board of directors are considered experienced (5.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CLX insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The Clorox Company's employee growth, exchange listings and data sources


Key Information

  • Name: The Clorox Company
  • Ticker: CLX
  • Exchange: NYSE
  • Founded: 1913
  • Industry: Household Products
  • Sector: Household
  • Market Cap: US$20.731b
  • Shares outstanding: 122.86m
  • Website: https://www.thecloroxcompany.com

Number of Employees


Location

  • The Clorox Company
  • 1221 Broadway
  • Oakland
  • California
  • 94612-1888
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/07 00:16
End of Day Share Price2021/12/06 00:00
Earnings2021/09/30
Annual Earnings2021/06/30


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.