Clearfield Intrinsic Value Calculator – CLEARFIELD Reports Record Third Quarter Earnings for FY2023
August 28, 2023
🌥️Earnings Overview
On August 3 2023, CLEARFIELD ($NASDAQ:CLFD) reported their financial results for the quarter ending June 30 2023. Total revenue for the period was USD 61.3 million, down 14.0% from the same quarter in the previous year. Net income fell a sharp 59.0% year over year to USD 5.2 million.
Market Price
Stock for the company opened at $46.0 and closed at $45.1, down by 2.5% from the previous closing price of 46.3. CLEARFIELD executives and investors attributed the strong third quarter performance to the successful launch of new products and services, as well as the strategic acquisition of two leading competitors in the industry. The strong third quarter earnings report has bolstered investor confidence in CLEARFIELD, with stock analysts predicting that the company’s stock could soon recover from the recent drop. With continued success and innovation, CLEARFIELD may be poised to become a major player in its industry in the coming years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Clearfield. CLEARFIELD_Reports_Record_Third_Quarter_Earnings_for_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 314.06 | 46.83 | 14.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Clearfield. CLEARFIELD_Reports_Record_Third_Quarter_Earnings_for_FY2023″>More…
| Operations | Investing | Financing |
| 23.77 | -130.95 | 124.45 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Clearfield. CLEARFIELD_Reports_Record_Third_Quarter_Earnings_for_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 357.39 | 52 | 20.02 |
Key Ratios Snapshot
Some of the financial key ratios for Clearfield are shown below. CLEARFIELD_Reports_Record_Third_Quarter_Earnings_for_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 51.8% | 103.3% | 19.6% |
| FCF Margin | ROE | ROA |
| 4.7% | 12.6% | 10.8% |
Analysis – Clearfield Intrinsic Value Calculator
We at GoodWhale have conducted an analysis on CLEARFIELD‘s fundamentals and determined that the intrinsic value of their share is around $79.1, which has been calculated using our proprietary Valuation Line. Currently, the stock is being traded at $45.1, which is well below its intrinsic value and hence this presents an excellent opportunity for investors as CLEARFIELD is undervalued by 43.0%. More…
Peers
The competition in the fiber optics industry is heating up as Clearfield Inc takes on Nanfang Communication Holdings Ltd, FiberCore Inc, and United Fiber Optic Communication Inc. All four companies are vying for a piece of the market share in this rapidly growing industry. The company designs, manufactures, and markets a variety of fiber optic products that are used in a variety of applications, including telecommunications, data communications, and cable television.
– Nanfang Communication Holdings Ltd ($SEHK:01617)
Nanfang Communication Holdings Ltd is a telecommunication company that provides services such as fixed-line, mobile, and broadband services. As of 2022, the company has a market capitalization of 147.99 million and a return on equity of -3.86%. The company has been facing financial difficulties in recent years, which has led to its negative return on equity. Despite this, the company continues to provide telecommunication services to its customers in China.
– FiberCore Inc ($OTCPK:FBCE)
FiberCore Inc is a publicly traded company with a market capitalization of 551.01k as of 2022. The company’s return on equity is -2.04%. FiberCore is a leading provider of fiber optic cable and related products and services. The company’s products are used in a variety of applications, including telecommunications, data communications, cable television, and military and aerospace.
– United Fiber Optic Communication Inc ($TPEX:4903)
United Fiber Optic Communication Inc is a provider of fiber optic communication services. The company has a market cap of 945.63M as of 2022 and a Return on Equity of -16.75%. The company offers a range of services including high-speed internet, data, and voice services.
Summary
Investors in CLEARFIELD should be aware that the company’s earnings posted a decrease in both revenue and net income for the third quarter of FY2023 compared to the same period the previous year. Revenue was down 14.0%, to USD 61.3M, while net income was down 59.0% to USD 5.2M. Investors should watch for further developments, such as upcoming earnings or other news, for insight into whether or not this could be a potential buying opportunity.
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