NasdaqGM:CLFD

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Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Clearfield's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CLFD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CLFD's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

0.3%

CLFD

2.6%

US Communications

0.7%

US Market


1 Year Return

72.2%

CLFD

0.8%

US Communications

22.2%

US Market

Return vs Industry: CLFD exceeded the US Communications industry which returned -0.6% over the past year.

Return vs Market: CLFD exceeded the US Market which returned 22.7% over the past year.


Shareholder returns

CLFDIndustryMarket
7 Day0.3%2.6%0.7%
30 Day14.9%20.1%11.8%
90 Day13.1%7.6%8.6%
1 Year72.2%72.2%3.6%0.8%25.0%22.2%
3 Year79.2%79.2%19.5%11.1%49.4%39.5%
5 Year87.7%87.7%65.6%46.8%100.2%78.1%

Long-Term Price Volatility Vs. Market

How volatile is Clearfield's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

44.41x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CLFD ($23.74) is trading above our estimate of fair value ($0.69)

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


Price To Earnings Ratio

PE vs Industry: CLFD is poor value based on its PE Ratio (44.4x) compared to the US Communications industry average (37.9x).

PE vs Market: CLFD is poor value based on its PE Ratio (44.4x) compared to the US market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: CLFD is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: CLFD is overvalued based on its PB Ratio (3.9x) compared to the US Communications industry average (1.8x).


Next Steps

Future Growth

How is Clearfield forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

34.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLFD's forecast earnings growth (34.5% per year) is above the savings rate (2.2%).

Earnings vs Market: CLFD's earnings (34.5% per year) are forecast to grow faster than the US market (21.8% per year).

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

Revenue vs Market: CLFD's revenue (13.2% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: CLFD's revenue (13.2% 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


Next Steps

Past Performance

How has Clearfield performed over the past 5 years?

-4.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLFD has high quality earnings.

Growing Profit Margin: CLFD's current net profit margins (7.8%) are higher than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: CLFD's earnings have declined by 4.2% per year over the past 5 years.

Accelerating Growth: CLFD's earnings growth over the past year (59.9%) exceeds its 5-year average (-4.2% per year).

Earnings vs Industry: CLFD earnings growth over the past year (59.9%) exceeded the Communications industry -4.9%.


Return on Equity

High ROE: CLFD's Return on Equity (8.8%) is considered low.


Next Steps

Financial Health

How is Clearfield's financial position?


Financial Position Analysis

Short Term Liabilities: CLFD's short term assets ($52.5M) exceed its short term liabilities ($10.4M).

Long Term Liabilities: CLFD's short term assets ($52.5M) exceed its long term liabilities ($2.1M).


Debt to Equity History and Analysis

Debt Level: CLFD is debt free.

Reducing Debt: CLFD has not had any debt for past 5 years.

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


Next Steps

Dividend

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


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.


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 CLFD'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?

9.3yrs

Average management tenure


CEO

Cheri Beranek (58 yo)

13.5yrs

Tenure

US$537,009

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 o...


CEO Compensation Analysis

Compensation vs Market: Cheri's total compensation ($USD537.01K) is below average for companies of similar size in the US market ($USD1.79M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Cheryl Beranek
CEO, President & Director13.5yrsUS$537.01k3.87%
$ 12.5m
Daniel Herzog
Chief Financial Officer9.33yrsUS$321.26k0.29%
$ 938.8k
John Hill
Chief Operating Officer12.17yrsUS$539.25k1.41%
$ 4.6m
Kevin Morgan
Chief Marketing Officer4.33yrsno datano data
Allen Griser
Chief Commercial Officer0.25yrno datano data

9.3yrs

Average Tenure

56yo

Average Age

Experienced Management: CLFD's management team is seasoned and experienced (9.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Cheryl Beranek
CEO, President & Director13.5yrsUS$537.01k3.87%
$ 12.5m
Ronald Roth
Independent Chairman of the Board13.5yrsUS$25.00k10.43%
$ 33.8m
Charles Hayssen
Independent Director12.25yrsUS$28.12k1.3%
$ 4.2m
Patrick Goepel
Independent Director5.25yrsUS$25.00k0.56%
$ 1.8m
Donald Hayward
Independent Director13.33yrsUS$25.00k0.11%
$ 340.9k
Roger Harding
Independent Director4.42yrsUS$25.00k0.22%
$ 728.6k

12.8yrs

Average Tenure

63.5yo

Average Age

Experienced Board: CLFD's board of directors are seasoned and experienced ( 12.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CLFD 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

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


Key Information

  • Name: Clearfield, Inc.
  • Ticker: CLFD
  • Exchange: NasdaqGM
  • Founded: 1979
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: US$324.050m
  • Shares outstanding: 13.65m
  • Website: https://www.seeclearfield.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLFDNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDAug 1986
AP7DB (Deutsche Boerse AG)YesCommon StockDEEURAug 1986

Biography

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 Sta...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 00:00
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2020/09/30


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.