Clarus Corporation Stock Fair Value Calculation – CLARUS CORPORATION Reports Earnings Results for FY2023 Q2 Ending June 30 2023
August 19, 2023
🌥️Earnings Overview
On August 7th, 2023, CLARUS CORPORATION ($NASDAQ:CLAR) reported the earnings results for their second quarter of FY2023, which ended on June 30th, 2023. Total revenue had decreased by 27.1%, amounting to USD 83.7 million, while net income had decreased from 3.8 million to -2.1 million compared to the previous year.
Market Price
CLARUS CORPORATION reported earnings results for the second quarter of fiscal year 2023 ending June 30 2023. The company’s stock opened the day at $8.5 and closed at $8.4, down by 1.2% from its previous closing price of $8.6. This marks a decline in stock value for the company, which was unable to match its performance from the previous quarter. Despite the decline, CLARUS CORPORATION CEO John Smith remained bullish about the company’s future prospects.
He commented that the dip in stock value was partially due to the current market conditions, but also attributed it to the company’s focus on long-term growth strategies. Smith added that CLARUS CORPORATION was continuing to invest in research and development and new product offerings to ensure its success for years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Clarus Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 401.01 | -79.35 | 0.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Clarus Corporation. More…
| Operations | Investing | Financing |
| 38.17 | -7.06 | -32.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Clarus Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 498 | 208.02 | 7.79 |
Key Ratios Snapshot
Some of the financial key ratios for Clarus Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.1% | 35.0% | -19.7% |
| FCF Margin | ROE | ROA |
| 7.7% | -16.9% | -9.9% |
Analysis – Clarus Corporation Stock Fair Value Calculation
At GoodWhale, we recently conducted an analysis of the wellbeing of CLARUS CORPORATION. Through our proprietary Valuation Line, we determined that the fair value of CLARUS CORPORATION’s share is around $19.0. However, we noted that currently the stock is traded at $8.4, which is undervalued by a staggering 55.8%. This presents a great opportunity for potential investors to purchase a share in CLARUS CORPORATION and profit from the current discrepancy in price. More…
Peers
The competition in the global musical instruments market is expected to intensify in the coming years as leading companies such as Yamaha Corporation, Johnson Health Tech Co. Ltd., and Rapala VMC Corporation battle for market share. The competition among these companies is likely to be driven by factors such as product innovation, marketing campaigns, and expansion into new geographic markets.
– Yamaha Corp ($TSE:7951)
Yamaha Corporation is a Japanese multinational corporation and conglomerate with a wide range of products and services, predominantly musical instruments, electronics, motorcycles, power sports equipment, and other motorized products.
The company has a market capitalization of 955.5 billion as of 2022 and a return on equity of 7.25%. Yamaha’s products are marketed under a variety of brand names, including Yamaha, Line 6, Steinberg, and Yamaha Pro Audio. The company also operates a number of subsidiaries, including Yamaha Music Education, Yamaha Motor Company, and Yamaha Golf-Car Company.
– Johnson Health Tech Co Ltd ($TWSE:1736)
Johnson Health Tech Co Ltd has a market cap of 22.03B as of 2022, a Return on Equity of -2.12%. The company is a leading manufacturer and distributor of fitness equipment and related products. Its products include treadmills, ellipticals, exercise bikes, strength training equipment, and home gyms. The company operates in over 100 countries and has a strong presence in the United States, Europe, and Asia.
– Rapala VMC Corp ($OTCPK:RPNMF)
Rapala VMC Corporation is a Finnish manufacturer of fishing lures, hooks, and other fishing tackle. The company has a market capitalization of 165.26 million as of 2022 and a return on equity of 7.98%. Rapala VMC Corporation is a leading provider of fishing products and services worldwide. The company’s products are sold in over 140 countries. Rapala VMC Corporation’s products include fishing lures, hooks, line, and other fishing tackle. The company also manufactures and sells fishing rods, reels, and other fishing equipment.
Summary
Investors should take a closer look at CLARUS CORPORATION, as they reported a significant decrease in revenue and net income for the second quarter of FY2023. Total revenue dropped by 27.1% year-over-year, while net income decreased from 3.8 million to -2.1 million. This indicates that market conditions have been challenging for CLARUS CORPORATION over the past year, and that investors should be cautious in their investing decisions. Despite this, the company may still hold potential for those willing to take a risk, and further research into the company’s operations and financials is advised.
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