Clearfield Stock Intrinsic Value – CLEARFIELD Reports Fourth Quarter FY2023 Earnings Results on November 9 2023
December 3, 2023
🌥️Earnings Overview
On November 9 2023, CLEARFIELD ($NASDAQ:CLFD) reported its financial results for the fourth quarter of FY2023, which ended on September 30 2023. Total revenue for the quarter amounted to USD 49.7 million, representing a 47.7% decrease compared to the same period in FY2022. Moreover, net income for the quarter was USD 2.7 million, a decline of 84.1% year over year.
Price History
Stock opened the day at $24.3 and closed at $24.1. This marked the 3rd consecutive quarter of declining stock prices for the company, which is not a good sign for investors. Total revenue was also down by 3%. These figures suggest that the company is struggling to remain profitable in the current market. The company issued a statement that they are working hard to improve their financial position and are optimistic that their efforts will pay off in the near future.
They also noted that they plan to continue investing in research and development, so their products remain competitive with those of their competitors. Overall, CLEARFIELD‘s report raised some concern among investors as to whether or not the company is able to remain profitable and competitive in the future. Investors will be keeping a close eye on the company in the coming quarters as they continue to try to turn things around. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Clearfield. CLEARFIELD_Reports_Fourth_Quarter_FY2023_Earnings_Results_on_November_9_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 268.72 | 32.53 | 10.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Clearfield. CLEARFIELD_Reports_Fourth_Quarter_FY2023_Earnings_Results_on_November_9_2023″>More…
| Operations | Investing | Financing |
| 20.01 | -112.25 | 113.42 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Clearfield. CLEARFIELD_Reports_Fourth_Quarter_FY2023_Earnings_Results_on_November_9_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 355.52 | 40.35 | 20.65 |
Key Ratios Snapshot
Some of the financial key ratios for Clearfield are shown below. CLEARFIELD_Reports_Fourth_Quarter_FY2023_Earnings_Results_on_November_9_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 42.4% | 64.5% | 15.8% |
| FCF Margin | ROE | ROA |
| 4.3% | 8.5% | 7.5% |
Analysis – Clearfield Stock Intrinsic Value
At GoodWhale, we have conducted a fundamental analysis of CLEARFIELD. Our proprietary Valuation Line has given an estimated fair value of the CLEARFIELD share to be around $76.2. This means that currently, CLEARFIELD stock is undervalued by 68.4%, as it is traded at $24.1. It may be a good opportunity for investors to take advantage of this undervaluation and buy the stock. More…
Peers
The competition in the fiber optics industry is heating up as Clearfield Inc takes on Nanfang Communication Holdings Ltd, FiberCore Inc, and United Fiber Optic Communication Inc. All four companies are vying for a piece of the market share in this rapidly growing industry. The company designs, manufactures, and markets a variety of fiber optic products that are used in a variety of applications, including telecommunications, data communications, and cable television.
– Nanfang Communication Holdings Ltd ($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
CLEARFIELD’s Q4 FY2023 financial results showed a 47.7% decrease in total revenue and an 84.1% decrease in net income year-over-year. This is a concerning trend for investors, as the company’s performance has been declining steadily since the beginning of the fiscal year. Analysts are forecasting that CLEARFIELD’s stock price will continue to fall in the short-term due to its disappointing financial performance. Investors should be aware of the risk associated with this company and should proceed with caution when considering investing.
