Clearwater Paper Corporation

NYSE:CLW Stock Report

Market Cap: US$325.7m

Clearwater Paper Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

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Learn how to determine fair value like the best investors in the world.

Below Fair Value: CLW ($20.44) is trading below our estimate of fair value ($31.57)

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

Key Valuation Metric

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

Key metric: As CLW is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CLW. This is calculated by dividing CLW's market cap by their current revenue.
What is CLW's PS Ratio?
PS Ratio0.2x
SalesUS$1.56b
Market CapUS$325.74m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for CLW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.2x
MERC Mercer International
0.09x9.19%US$170.5m
MAGN Magnera
0.2x3.00%US$522.6m
SLVM Sylvamo
0.6x-2.68%US$2.0b
ITP IT Tech Packaging
0.05xn/aUS$3.9m
CLW Clearwater Paper
0.2x1.38%US$325.7m

Price-To-Sales vs Peers: CLW is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.2x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does CLW's PS Ratio compare vs other companies in the US Forestry Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
MERC Mercer International
0.09x9.19%US$170.52m
ITP IT Tech Packaging
0.05xn/aUS$3.90m
No more companies available in this PS range
CLW 0.2xIndustry Avg. 0.7xNo. of Companies2PS00.40.81.21.62+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CLW is good value based on its Price-To-Sales Ratio (0.2x) compared to the Global Forestry industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is CLW'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.

CLW PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: CLW is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CLW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$20.44
US$27.50
+34.54%
9.09%US$30.00US$25.00n/a2
Jan ’27US$17.40
US$27.50
+58.05%
9.09%US$30.00US$25.00n/a2
Oct ’26US$20.46
US$33.00
+61.29%
9.09%US$36.00US$30.00n/a2
US$27.5
Fair Value
25.7% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/12 07:01
End of Day Share Price 2026/01/12 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Clearwater Paper Corporation is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark WildeBMO Capital Markets Equity Research
Roger SpitzBofA Global Research
Steven ChercoverD.A. Davidson & Co.