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
Flawless balance sheet with reasonable growth potential.
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.
7 Day Return
1 Year Return
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.
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
6 days ago | Simply Wall StClearfield, Inc.'s (NASDAQ:CLFD) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
2 weeks ago | Simply Wall StThis Insider Has Just Sold Shares In Clearfield, Inc. (NASDAQ:CLFD)
1 month ago | Simply Wall StWhat Percentage Of Clearfield, Inc. (NASDAQ:CLFD) Shares Do Insiders Own?
Is Clearfield undervalued compared to its fair value and its price relative to the market?
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).
How is Clearfield forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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
How has Clearfield performed over the past 5 years?
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.
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 ($2.1M).
Debt to Equity History and Analysis
Debt Level: CLFD is debt free.
Reducing Debt: CLFD has not had any debt for past 5 years.
Debt Coverage: CLFD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CLFD has no debt, therefore coverage of interest payments is not a concern.
What is Clearfield current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CLFD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CLFD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CLFD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CLFD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CLFD's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Cheri Beranek (58 yo)
Ms. Cheryl P. Beranek, also known as Cheri has been the Chief Executive Officer and President at Clearfield, Inc. (formerly, APA Enterprises Inc) since June 28, 2007. She has been an Independent Director o...
CEO Compensation Analysis
Compensation vs Market: Cheri's total compensation ($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.
|CEO, President & Director||13.5yrs||US$537.01k||3.87% |
|Chief Financial Officer||9.33yrs||US$321.26k||0.29% |
|Chief Operating Officer||12.17yrs||US$539.25k||1.41% |
|Chief Marketing Officer||4.33yrs||no data||no data|
|Chief Commercial Officer||0.25yr||no data||no data|
Experienced Management: CLFD's management team is seasoned and experienced (9.3 years average tenure).
|CEO, President & Director||13.5yrs||US$537.01k||3.87% |
|Independent Chairman of the Board||13.5yrs||US$25.00k||10.43% |
|Independent Director||12.25yrs||US$28.12k||1.3% |
|Independent Director||5.25yrs||US$25.00k||0.56% |
|Independent Director||13.33yrs||US$25.00k||0.11% |
|Independent Director||4.42yrs||US$25.00k||0.22% |
Experienced Board: CLFD's board of directors are seasoned and experienced ( 12.8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Clearfield, Inc.'s company bio, employee growth, exchange listings and data sources
- 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
- Clearfield, Inc.
- 7050 Winnetka Avenue North
- Suite 100
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CLFD||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Aug 1986|
|AP7||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Aug 1986|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/03 00:00|
|End of Day Share Price||2020/12/02 00:00|
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.