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CLFD

Clearfield NasdaqGM:CLFD Stock Report

Last Price

US$59.49

Market Cap

US$819.3m

7D

2.5%

1Y

58.9%

Updated

29 Jun, 2022

Data

Company Financials +
CLFD fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends0/6

CLFD Stock Overview

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.

Clearfield Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Clearfield
Historical stock prices
Current Share PriceUS$59.49
52 Week HighUS$86.71
52 Week LowUS$32.53
Beta1.17
1 Month Change-3.47%
3 Month Change-8.79%
1 Year Change58.85%
3 Year Change348.98%
5 Year Change350.68%
Change since IPO1,222.00%

Recent News & Updates

Jun 06
I Ran A Stock Scan For Earnings Growth And Clearfield (NASDAQ:CLFD) Passed With Ease

I Ran A Stock Scan For Earnings Growth And Clearfield (NASDAQ:CLFD) Passed With Ease

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

May 10
Why The 31% Return On Capital At Clearfield (NASDAQ:CLFD) Should Have Your Attention

Why The 31% Return On Capital At Clearfield (NASDAQ:CLFD) Should Have Your Attention

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...

May 06

Clearfield: A High-Growth Telecom Equipment Story

Clearfield’s future revenue growth will be driven by its high-speed bandwidth generating products. The company is investing in products, manufacturing, and supply chain to increase competitiveness and reduce costs. Long-term investors can buy the company’s shares on dips to maximize their profit.

Shareholder Returns

CLFDUS CommunicationsUS Market
7D2.5%-0.6%1.6%
1Y58.9%-17.2%-20.8%

Return vs Industry: CLFD exceeded the US Communications industry which returned -17% over the past year.

Return vs Market: CLFD exceeded the US Market which returned -20.4% over the past year.

Price Volatility

Is CLFD's price volatile compared to industry and market?
CLFD volatility
CLFD Average Weekly Movement9.7%
Communications Industry Average Movement8.2%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: CLFD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: CLFD's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1979250Cheri Beranekhttps://www.seeclearfield.com

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 outdoor cabinet and fiber active cabinet products.

Clearfield Fundamentals Summary

How do Clearfield's earnings and revenue compare to its market cap?
CLFD fundamental statistics
Market CapUS$819.27m
Earnings (TTM)US$33.15m
Revenue (TTM)US$188.58m

24.7x

P/E Ratio

4.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CLFD income statement (TTM)
RevenueUS$188.58m
Cost of RevenueUS$105.57m
Gross ProfitUS$83.00m
Other ExpensesUS$49.85m
EarningsUS$33.15m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.41
Gross Margin44.02%
Net Profit Margin17.58%
Debt/Equity Ratio0%

How did CLFD perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

CLFD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.3x
Enterprise Value/EBITDA18.4x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does CLFD's PE Ratio compare to its peers?

CLFD PE Ratio vs Peers
The above table shows the PE ratio for CLFD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average67.4x
HLIT Harmonic
50.2x73.9%US$896.5m
DGII Digi International
70.1x78.7%US$825.2m
AUDC AudioCodes
21.8x17.3%US$705.4m
RDWR Radware
127.7xn/aUS$980.2m
CLFD Clearfield
24.7x16.9%US$819.3m

Price-To-Earnings vs Peers: CLFD is good value based on its Price-To-Earnings Ratio (24.7x) compared to the peer average (67.4x).


Price to Earnings Ratio vs Industry

How does CLFD's PE Ratio compare vs other companies in the US Communications Industry?

Price-To-Earnings vs Industry: CLFD is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the US Communications industry average (21.7x)


Price to Earnings Ratio vs Fair Ratio

What is CLFD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CLFD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.7x
Fair PE Ratio23.9x

Price-To-Earnings vs Fair Ratio: CLFD is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the estimated Fair Price-To-Earnings Ratio (23.9x).


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate CLFD's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate CLFD's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: CLFD is poor value based on its PEG Ratio (1.5x)


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Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLFD's forecast earnings growth (16.9% per year) is above the savings rate (1.9%).

Earnings vs Market: CLFD's earnings (16.9% per year) are forecast to grow faster than the US market (13.7% per year).

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

Revenue vs Market: CLFD's revenue (15.8% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: CLFD's revenue (15.8% 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 CLFD's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Clearfield performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


45.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CLFD has a high level of non-cash earnings.

Growing Profit Margin: CLFD's current net profit margins (17.6%) are higher than last year (11.7%).


Past Earnings Growth Analysis

Earnings Trend: CLFD's earnings have grown significantly by 45.1% per year over the past 5 years.

Accelerating Growth: CLFD's earnings growth over the past year (158%) exceeds its 5-year average (45.1% per year).

Earnings vs Industry: CLFD earnings growth over the past year (158%) exceeded the Communications industry 35.7%.


Return on Equity

High ROE: CLFD's Return on Equity (26.9%) is considered high.


Discover strong past performing companies

Financial Health

How is Clearfield's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CLFD's short term assets ($99.0M) exceed its short term liabilities ($25.3M).

Long Term Liabilities: CLFD's short term assets ($99.0M) exceed its long term liabilities ($11.2M).


Debt to Equity History and Analysis

Debt Level: CLFD is debt free.

Reducing Debt: CLFD had no debt 5 years ago.

Debt Coverage: CLFD has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CLFD has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if CLFD's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CLFD has not reported any payouts.


Discover strong dividend paying companies

Management

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

10.8yrs

Average management tenure


CEO

Cheri Beranek (59 yo)

15yrs

Tenure

US$1,516,458

Compensation

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. She has been an Independent Director...


CEO Compensation Analysis

Compensation vs Market: Cheri's total compensation ($USD1.52M) is below average for companies of similar size in the US market ($USD4.00M).

Compensation vs Earnings: Cheri's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CLFD's management team is seasoned and experienced (10.8 years average tenure).


Board Members

Experienced Board: CLFD's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CLFD 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

Clearfield, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Clearfield, Inc.
  • Ticker: CLFD
  • Exchange: NasdaqGM
  • Founded: 1979
  • Industry: Communications Equipment
  • Sector: Tech
  • Implied Market Cap: US$819.274m
  • Shares outstanding: 13.77m
  • Website: https://www.seeclearfield.com

Number of Employees


Location

  • Clearfield, Inc.
  • 7050 Winnetka Avenue North
  • Suite 100
  • Minneapolis
  • Minnesota
  • 55428
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.