Clearfield
Clearfield, Inc. manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The last earnings update was 76 days ago. More info.
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- Clearfield has significant price volatility in the past 3 months.
CLFD Share Price and Events
7 Day Returns
1 Year Returns
CLFD Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Clearfield (CLFD) | 0.8% | 7.1% | 26.5% | 13.7% | -9.3% | -0.1% |
| US Communications | 0.1% | 7.4% | 23.6% | 22.4% | 89.9% | 98.5% |
| US Market | -0.8% | 2.7% | 7.5% | 7% | 37.9% | 47% |
1 Year Return vs Industry and Market
- CLFD underperformed the Communications industry which returned 22.4% over the past year.
- CLFD outperformed the Market in United States of America which returned 7% over the past year.
CLFD Value
Is Clearfield 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
Clearfield
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 Clearfield.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9% |
| 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% |
| Communications Unlevered Beta | Simply Wall St/ S&P Global | 1.09 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.09 (1 + (1- 21%) (0%)) |
1.06 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.06 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.06 * 5.96%) |
9.05% |
Discounted Cash Flow Calculation for NasdaqGM:CLFD using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Clearfield 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 (@ 9.05%) |
|
|---|---|---|---|
| 2019 | 7.93 | Est @ 3.48% | 7.27 |
| 2020 | 8.18 | Est @ 3.25% | 6.88 |
| 2021 | 8.44 | Est @ 3.1% | 6.51 |
| 2022 | 8.69 | Est @ 2.99% | 6.14 |
| 2023 | 8.94 | Est @ 2.91% | 5.80 |
| 2024 | 9.20 | Est @ 2.86% | 5.47 |
| 2025 | 9.46 | Est @ 2.82% | 5.16 |
| 2026 | 9.72 | Est @ 2.79% | 4.86 |
| 2027 | 9.99 | Est @ 2.77% | 4.58 |
| 2028 | 10.27 | Est @ 2.76% | 4.32 |
| Present value of next 10 years cash flows | $56.98 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $10.27 × (1 + 2.73%) ÷ (9.05% – 2.73%) |
$166.88 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $166.88 ÷ (1 + 9.05%)10 |
$70.18 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $56.98 + $70.18 |
$127.16 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $127.16 / 13.66 |
$9.31 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $9.31 |
| Current discount | Discount to share price of
$15.18
= -1 x ($15.18 - $9.31) / $9.31 |
-63.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Clearfield 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 Clearfield's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Clearfield'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 | $0.32 |
| NasdaqGM:CLFD Share Price ** | NasdaqGM (2019-04-22) in USD | $15.18 |
| United States of America Communications Industry PE Ratio | Median Figure of 33 Publicly-Listed Communications Companies | 34.35x |
| United States of America Market PE Ratio | Median Figure of 3,080 Publicly-Listed Companies | 18.21x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Clearfield.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGM:CLFD Share Price ÷ EPS (both in USD) = 15.18 ÷ 0.32 |
46.92x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Clearfield is overvalued based on earnings compared to the US Communications industry average.
- Clearfield is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Clearfield's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 46.92x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
9.9%per year |
| United States of America Communications Industry PEG Ratio | Median Figure of 21 Publicly-Listed Communications Companies | 1.33x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.56x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 46.92x ÷ 9.9% |
4.72x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Clearfield is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Clearfield's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $5.16 |
| NasdaqGM:CLFD Share Price * | NasdaqGM (2019-04-22) in USD | $15.18 |
| United States of America Communications Industry PB Ratio | Median Figure of 69 Publicly-Listed Communications Companies | 1.89x |
| United States of America Market PB Ratio | Median Figure of 5,186 Publicly-Listed Companies | 1.91x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGM:CLFD Share Price ÷ Book Value per Share (both in USD) = 15.18 ÷ 5.16 |
2.94x |
* Primary Listing of Clearfield.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Clearfield is overvalued based on assets compared to the US Communications industry average.
Value checks
We assess Clearfield'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 Communications 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 Communications industry average (and greater than 0)? (1 check) Clearfield 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.
CLFD Future Performance
How is Clearfield expected to perform in the next 1 to 3 years based on estimates from 2 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
- Clearfield's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Clearfield's earnings growth is positive but not above the United States of America market average.
- Clearfield's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGM:CLFD Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 9.9% |
| NasdaqGM:CLFD Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 7.8% |
| United States of America Communications Industry Earnings Growth Rate | Market Cap Weighted Average | 15.3% |
| United States of America Communications Industry Revenue Growth Rate | Market Cap Weighted Average | 5.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.5% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7% |
*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 (3 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-09-30 | 93 | 5 | 1 | |
| 2019-09-30 | 85 | 4 | 2 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 81 | 9 | 4 |
| 2018-09-30 | 78 | 5 | 4 |
| 2018-06-30 | 74 | 8 | 4 |
| 2018-03-31 | 72 | 9 | 3 |
| 2017-12-31 | 73 | 9 | 4 |
| 2017-09-30 | 74 | 6 | 4 |
| 2017-06-30 | 77 | 7 | 5 |
| 2017-03-31 | 79 | 9 | 7 |
| 2016-12-31 | 78 | 9 | 7 |
| 2016-09-30 | 75 | 12 | 8 |
| 2016-06-30 | 70 | 9 | 7 |
| 2016-03-31 | 67 | 7 | 6 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from Clearfield Company Filings, last reported 3 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 |
|---|---|---|---|---|
| 2020-09-30 | 0.37 | 0.37 | 0.37 | 1.00 |
| 2019-09-30 | 0.30 | 0.30 | 0.30 | 1.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.32 |
| 2018-09-30 | 0.32 |
| 2018-06-30 | 0.27 |
| 2018-03-31 | 0.20 |
| 2017-12-31 | 0.29 |
| 2017-09-30 | 0.28 |
| 2017-06-30 | 0.39 |
| 2017-03-31 | 0.50 |
| 2016-12-31 | 0.55 |
| 2016-09-30 | 0.60 |
| 2016-06-30 | 0.50 |
| 2016-03-31 | 0.48 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Clearfield will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Clearfield'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)
Clearfield 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.
CLFD Past Performance
How has Clearfield 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
- Clearfield's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Clearfield's 1-year earnings growth exceeds its 5-year average (10.9% vs -7.1%)
- Clearfield's earnings growth has not exceeded the US Communications industry average in the past year (10.9% vs 21.6%).
Earnings and Revenue History
All data from Clearfield Company Filings, last reported 3 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 | 80.87 | 4.34 | 26.13 | |
| 2018-09-30 | 77.65 | 4.27 | 25.82 | |
| 2018-06-30 | 73.60 | 3.65 | 25.06 | |
| 2018-03-31 | 71.73 | 2.70 | 24.97 | |
| 2017-12-31 | 72.55 | 3.91 | 24.76 | |
| 2017-09-30 | 73.95 | 3.85 | 24.31 | |
| 2017-06-30 | 76.58 | 5.26 | 24.58 | |
| 2017-03-31 | 78.57 | 6.82 | 24.48 | |
| 2016-12-31 | 77.86 | 7.40 | 23.46 | |
| 2016-09-30 | 75.29 | 8.01 | 22.14 | |
| 2016-06-30 | 70.01 | 6.71 | 20.13 | |
| 2016-03-31 | 66.60 | 6.30 | 19.10 | |
| 2015-12-31 | 62.03 | 5.10 | 18.25 | |
| 2015-09-30 | 60.32 | 4.68 | 17.82 | |
| 2015-06-30 | 58.87 | 4.36 | 17.49 | |
| 2015-03-31 | 55.04 | 3.58 | 16.83 | |
| 2014-12-31 | 55.88 | 4.52 | 16.34 | |
| 2014-09-30 | 58.05 | 5.43 | 16.08 | |
| 2014-06-30 | 62.76 | 6.88 | 16.26 | |
| 2014-03-31 | 61.93 | 6.85 | 15.91 | |
| 2013-12-31 | 59.24 | 6.17 | 15.37 | |
| 2013-09-30 | 53.35 | 4.73 | 14.54 | |
| 2013-06-30 | 44.72 | 7.07 | 13.03 | |
| 2013-03-31 | 41.98 | 7.66 | 11.97 | |
| 2012-12-31 | 38.57 | 7.25 | 11.28 | |
| 2012-09-30 | 37.47 | 7.70 | 11.01 | |
| 2012-06-30 | 37.77 | 6.73 | 11.25 |
*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.
- Clearfield has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Clearfield used its assets less efficiently than the US Communications industry average last year based on Return on Assets.
- Clearfield's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Clearfield'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 Communications 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)
Clearfield has a total score of 1/6, 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.
CLFD Health
How is Clearfield'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 Clearfield's finances.
The net worth of a company is the difference between its assets and liabilities.
- Clearfield is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Clearfield's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Clearfield has no debt, it does not need to be covered by short term assets.
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 Clearfield Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 70.56 | 0.00 | 23.85 |
| 2018-09-30 | 68.87 | 0.00 | 17.48 |
| 2018-06-30 | 67.01 | 0.00 | 17.77 |
| 2018-03-31 | 66.05 | 0.00 | 15.43 |
| 2017-12-31 | 66.08 | 0.00 | 25.84 |
| 2017-09-30 | 64.53 | 0.00 | 24.47 |
| 2017-06-30 | 64.45 | 0.00 | 25.49 |
| 2017-03-31 | 65.70 | 0.00 | 28.30 |
| 2016-12-31 | 64.22 | 0.00 | 29.99 |
| 2016-09-30 | 62.59 | 0.00 | 33.54 |
| 2016-06-30 | 59.33 | 0.00 | 31.98 |
| 2016-03-31 | 55.15 | 0.00 | 28.94 |
| 2015-12-31 | 53.13 | 0.00 | 29.45 |
| 2015-09-30 | 51.28 | 0.00 | 26.00 |
| 2015-06-30 | 50.29 | 0.00 | 25.11 |
| 2015-03-31 | 47.95 | 0.00 | 24.92 |
| 2014-12-31 | 48.04 | 0.00 | 24.07 |
| 2014-09-30 | 46.75 | 0.00 | 24.82 |
| 2014-06-30 | 45.69 | 0.00 | 25.27 |
| 2014-03-31 | 43.72 | 0.00 | 23.11 |
| 2013-12-31 | 42.29 | 0.00 | 21.07 |
| 2013-09-30 | 40.08 | 0.00 | 15.80 |
| 2013-06-30 | 37.59 | 0.00 | 14.91 |
| 2013-03-31 | 36.22 | 0.00 | 15.26 |
| 2012-12-31 | 35.48 | 0.00 | 16.14 |
| 2012-09-30 | 34.69 | 0.00 | 14.79 |
| 2012-06-30 | 29.72 | 0.00 | 11.82 |
- Clearfield has no debt.
- Clearfield has not taken on any debt in the past 5 years.
- Clearfield has no debt, it does not need to be covered by operating cash flow.
- Clearfield has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Clearfield'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) Clearfield has a total score of 6/6, 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.
CLFD Dividends
What is Clearfield'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
Clearfield
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Clearfield's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Clearfield's dividend against the top 25% market benchmark as the company has not reported any payouts.
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 2 Analyst Estimates (S&P Global) | See Below |
| United States of America Communications Industry Average Dividend Yield | Market Cap Weighted Average of 15 Stocks | 2.3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.4% |
| 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 |
|---|---|---|
| 2020-09-30 | ||
| 2019-09-30 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Clearfield has not reported any payouts.
- Unable to verify if Clearfield's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Clearfield'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 Clearfield afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Clearfield has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
CLFD Management
CEO
| COMPENSATION | $335,454 |
| AGE | 56 |
| TENURE AS CEO | 11.8 years |
CEO Bio
Ms. Cheryl P. Beranek, also known as Cheri has been the Chief Executive Officer and President at Clearfield, Inc. (formerly, APA Enterprises Inc) since June 28, 2007. Ms. Beranek has been a Director of Clearfield, Inc. since August 27, 2007. Ms. Beranek served as the President of APA Cables and Networks (APACN) (formerly known as Ape Optics Inc), subsidiary of Clearfield, Inc., from June 27, 2003 to June 2007. She served as the Chief Executive Officer and Chief Operating Officer of Americable, Inc. from 2001 to 2002 and it’s President from 2002 to 2003. Ms. Beranek held a variety of lead marketing positions with emerging high-growth technology companies. She served as Vice President of Marketing of Transition Networks from 1996 to 2001, Director of Marketing of TRICOR Systems from 1992 to 1996 and Director of Marketing of Digit International from 1988 to 1992. Ms. Beranek holds a Bachelors of Science Degree from Southwest Minnesota State University and a Masters of Science Degree from North Dakota State University. Ms. Beranek is qualified to serve on the Clearfield Board of Directors because she brings to the Board a keen understanding of business and industry developed through her tenure as President and Chief Executive Officer and in her previous position as the President of Former subsidiary of Clearfield, Inc. Additionally, Ms. Beranek’s role as President and Chief Executive Officer allows her to provide the Board with her unique insight as a member of management on business and operations.
CEO Compensation
- Cheri's compensation has been consistent with company performance over the past year.
- Cheri's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Clearfield management team in years:
- The average tenure for the Clearfield management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Cheri Beranek
CEO, President & Director
$335K
56
11.8 yrs
Dan Herzog
Chief Financial Officer
$209K
54
7.7 yrs
Johnny Hill
Chief Operating Officer
$338K
52
10.5 yrs
Kevin Morgan
Chief Marketing Officer
2.7 yrs
Rosa Burns
Chief Revenue Officer
1 yrs
Board of Directors Tenure
Average tenure and age of the Clearfield board of directors in years:
- The average tenure for the Clearfield board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Ron Roth
Chairman
$25K
73
11.8 yrs
Cheri Beranek
CEO, President & Director
$335K
56
11.7 yrs
Donald Hayward
Director
$25K
60
11.7 yrs
Chip Hayssen
Director
$28K
66
10.6 yrs
Pat Goepel
Director
$25K
56
3.6 yrs
Roger Harding
Director
$25K
63
2.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 15. May 18 | Buy | Roger Harding | Individual | 14. May 18 | 14. May 18 | 1,000 | $11.35 | $11,350 | ||
| 04. May 18 | Buy | Ronald Roth | Individual | 02. May 18 | 04. May 18 | 5,000 | $12.25 | $61,029 | ||
Management checks
We assess Clearfield'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) Clearfield 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.
CLFD News
Simply Wall St News
Is Clearfield, Inc. (NASDAQ:CLFD) Overpaying Its CEO?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Cheri Beranek's Compensation Compare With Similar Sized Companies. … is worth US$210m, and total annual CEO compensation is US$335k.
Simply Wall St - – Full articleWhat Kind Of Shareholder Owns Most Clearfield, Inc. (NASDAQ:CLFD) Stock?
A look at the shareholders of Clearfield, Inc. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Let's take a closer look to see what the different types of shareholder can tell us about CLFD
Simply Wall St - – Full articleThose Who Purchased Clearfield (NASDAQ:CLFD) Shares Five Years Ago Have A 42% Loss To Show For It
In fact, the share price is down 42%, which falls well short of the return you could get by buying an index fund. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Looking back five years, both Clearfield's share price and EPS declined; the latter at a rate of 8.0% per year.
Simply Wall St - – Full articleWhere Clearfield, Inc. (NASDAQ:CLFD) Stands In Terms Of Earnings Growth Against Its Industry
Today I will assess CLFD's recent performance announced on 31 December 2018 and evaluate these figures to its long-term trend and industry movements. … Were CLFD's earnings stronger than its past performances and the industry. … CLFD's trailing twelve-month earnings (from 31 December 2018) of US$4.3m has.
Simply Wall St - – Full articleHow Good Is Clearfield, Inc. (NASDAQ:CLFD) At Creating Shareholder Value?
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleIs Now An Opportune Moment To Examine Clearfield, Inc. (NASDAQ:CLFD)?
As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Is there still an opportunity here to buy. … Let’s examine Clearfield’s valuation and outlook in more detail to determine if there’s still a bargain opportunity
Simply Wall St - – Full articleWhat Does Clearfield, Inc.'s (NASDAQ:CLFD) P/E Ratio Tell You?
We'll look at Clearfield, Inc.'s (NASDAQ:CLFD) P/E ratio and reflect on what it tells us about the company's share price. … Clearfield has a P/E ratio of 38.54, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleDoes Clearfield, Inc. (NASDAQ:CLFD) Have A Volatile Share Price?
Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.
Simply Wall St - – Full articleShould You Worry About Clearfield, Inc.'s (NASDAQ:CLFD) CEO Pay Cheque?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Take the survey and be part of one of the most advanced studies of stock market investors to date … How Does Cheri Beranek's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleWhat Kind Of Investor Owns Most Of Clearfield, Inc. (NASDAQ:CLFD)?
So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Our analysis of the ownership of the company, below, shows that. … We can zoom in on the different ownership groups, to learn more about CLFD
Simply Wall St - – Full articleCLFD Company Info
Description
Clearfield, Inc. manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures. It also provides WaveSmart, which are optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and ODC outdoor active cabinet products. In addition, the company offers FieldShield, a fiber pathway and protection method for reducing the cost of broadband deployment; and YOURx platform that consists of hardened terminals, test access points, and various drop cable options for portions of the access network across various fiber drop cable media. Further, it provides CraftSmart, a line of optical protection field enclosures, including CraftSmart Fiber Protection Pedestals and CraftSmart Fiber Protection Vaults integrated solutions optimized to house FieldSmart products at the last mile access point of the network in above-grade or below-grade installations. Additionally, the company offers fiber and copper assemblies with an industry-standard or customer-specified configuration; and designs and manufactures custom solutions for in-the-box and network connectivity assemblies specific to that customer’s product line. It provides its fiber to anywhere platform for various incumbent local exchange carriers, competitive local exchange carriers, and MSO/cable TV companies, as well as the utility/municipality, enterprise, data center, and military markets. The company was formerly known as APA Enterprises, Inc. and changed its name to Clearfield, Inc. in January 2008. Clearfield, Inc. was founded in 1979 and is headquartered in Minneapolis, Minnesota.
Details
| Name: | Clearfield, Inc. |
| CLFD | |
| Exchange: | NasdaqGM |
| Founded: | 1979 |
| $207,396,082 | |
| 13,662,456 | |
| Website: | http://www.seeclearfield.com |
| Address: |
Clearfield, Inc. 7050 Winnetka Avenue North, Suite 100, Minneapolis, Minnesota, 55428, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGM | CLFD | Common Stock | Nasdaq Global Market | US | USD | 06. Aug 1986 | |
| DB | AP7 | Common Stock | Deutsche Boerse AG | DE | EUR | 06. Aug 1986 |
Number of employees
Current staff
Industry
| Communications Equipment | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/23 00:15 |
| End of day share price update: | 2019/04/22 00:00 |
| Last estimates confirmation: | 2019/02/01 |
| Last earnings filing: | 2019/02/06 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/09/30 |
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.
