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CLW

Clearwater PaperNYSE:CLW Stock Report

Market Cap

US$671.1m

7D

-2.8%

1Y

16.0%

Updated

02 Dec, 2021

Data

Company Financials +
CLW fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

CLW Stock Overview

Clearwater Paper Corporation produces and sells private label tissue and bleached paperboard products in the United States and internationally.

Clearwater Paper Competitors

Domtar

NYSE:UFS

US$2.8b

Resolute Forest Products

NYSE:RFP

US$891.3m

Neenah

NYSE:NP

US$773.1m

Glatfelter

NYSE:GLT

US$744.0m

Price History & Performance

Summary of all time highs, changes and price drops for Clearwater Paper
Historical stock prices
Current Share PriceUS$41.45
52 Week HighUS$45.81
52 Week LowUS$27.30
Beta1.22
1 Month Change1.94%
3 Month Change20.85%
1 Year Change16.04%
3 Year Change46.57%
5 Year Change-36.96%
Change since IPO268.44%

Recent News & Updates

Nov 07
Why Clearwater Paper Corporation (NYSE:CLW) Could Be Worth Watching

Why Clearwater Paper Corporation (NYSE:CLW) Could Be Worth Watching

While Clearwater Paper Corporation ( NYSE:CLW ) might not be the most widely known stock at the moment, it saw a...

Sep 30
Here's What's Concerning About Clearwater Paper's (NYSE:CLW) Returns On Capital

Here's What's Concerning About Clearwater Paper's (NYSE:CLW) Returns On Capital

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...

Jun 21

Clearwater Paper: Downside Too Large, Even With Enticing Valuation

CLW, despite its valuation, is not underpriced at current levels. The poor investments by previous management give me pause when assessing new management’s ability to execute on their current plan of paying down debt and generating significant free cash flow. The upside scenario for CLW is limited by capacity and commodity costs, making a downside scenario a lot more likely.

Shareholder Returns

CLWUS ForestryUS Market
7D-2.8%-2.0%-3.5%
1Y16.0%53.6%19.4%

Return vs Industry: CLW underperformed the US Forestry industry which returned 53.6% over the past year.

Return vs Market: CLW underperformed the US Market which returned 19.4% over the past year.

Price Volatility

Is CLW's price volatile compared to industry and market?
CLW volatility
CLW Average Weekly Movement6.1%
Forestry Industry Average Movement6.2%
Market Average Movement6.1%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market2.4%

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

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

About the Company

FoundedEmployeesCEOWebsite
20053,340Arsen Kitchhttps://www.clearwaterpaper.com

Clearwater Paper Corporation produces and sells private label tissue and bleached paperboard products in the United States and internationally. The company operates through two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bath tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products and parent rolls.

Clearwater Paper Fundamentals Summary

How do Clearwater Paper's earnings and revenue compare to its market cap?
CLW fundamental statistics
Market CapUS$671.08m
Earnings (TTM)-US$15.00m
Revenue (TTM)US$1.74b

0.4x

P/S Ratio

-46.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CLW income statement (TTM)
RevenueUS$1.74b
Cost of RevenueUS$1.54b
Gross ProfitUS$198.50m
ExpensesUS$213.50m
Earnings-US$15.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.90
Gross Margin11.44%
Net Profit Margin-0.86%
Debt/Equity Ratio137.6%

How did CLW perform over the long term?

See historical performance and comparison

Valuation

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

1.41x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CLW ($41.45) is trading above our estimate of fair value ($35.6)

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


Price To Earnings Ratio

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

PE vs Market: CLW 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 CLW's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CLW's PB Ratio (1.4x) is in line with the US Forestry industry average.


Future Growth

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

6.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CLW's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if CLW's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CLW's revenue (6.6% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: CLW's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has Clearwater Paper performed over the past 5 years?

-13.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLW is currently unprofitable.

Growing Profit Margin: CLW is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CLW is unprofitable, and losses have increased over the past 5 years at a rate of 13.7% per year.

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

Earnings vs Industry: CLW is unprofitable, making it difficult to compare its past year earnings growth to the Forestry industry (172.7%).


Return on Equity

High ROE: CLW has a negative Return on Equity (-3.05%), as it is currently unprofitable.


Financial Health

How is Clearwater Paper's financial position?


Financial Position Analysis

Short Term Liabilities: CLW's short term assets ($483.6M) exceed its short term liabilities ($256.9M).

Long Term Liabilities: CLW's short term assets ($483.6M) do not cover its long term liabilities ($969.6M).


Debt to Equity History and Analysis

Debt Level: CLW's net debt to equity ratio (132%) is considered high.

Reducing Debt: CLW's debt to equity ratio has increased from 123.8% to 137.6% over the past 5 years.

Debt Coverage: CLW's debt is well covered by operating cash flow (20%).

Interest Coverage: CLW's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


Dividend

What is Clearwater Paper current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if CLW'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 CLW'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?

1.9yrs

Average management tenure


CEO

Arsen Kitch (39 yo)

1.67yrs

Tenure

US$4,010,645

Compensation

Mr. Arsen S. Kitch has been President, Chief Executive Officer and Director of Clearwater Paper Corporation since April 1, 2020. He was Senior Vice President at Clearwater Paper Corporation since May 2018...


CEO Compensation Analysis

Compensation vs Market: Arsen's total compensation ($USD4.01M) is above average for companies of similar size in the US market ($USD2.36M).

Compensation vs Earnings: Arsen's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: CLW's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: CLW's board of directors are not considered experienced ( 2.6 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Clearwater Paper Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Clearwater Paper Corporation
  • Ticker: CLW
  • Exchange: NYSE
  • Founded: 2005
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: US$671.078m
  • Shares outstanding: 16.69m
  • Website: https://www.clearwaterpaper.com

Number of Employees


Location

  • Clearwater Paper Corporation
  • 601 West Riverside Avenue
  • Suite 1100
  • Spokane
  • Washington
  • 99201
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/02 23:41
End of Day Share Price2021/12/02 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.