Clearfield Capital Surpluse vs Property Plant Equipment Analysis

CLFD Stock  USD 30.81  0.34  1.09%   
Clearfield financial indicator trend analysis is way more than just evaluating Clearfield prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clearfield is a good investment. Please check the relationship between Clearfield Capital Surpluse and its Property Plant Equipment accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearfield. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
For information on how to trade Clearfield Stock refer to our How to Trade Clearfield Stock guide.

Capital Surpluse vs Property Plant Equipment

Capital Surpluse vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clearfield Capital Surpluse account and Property Plant Equipment. At this time, the significance of the direction appears to have weak relationship.
The correlation between Clearfield's Capital Surpluse and Property Plant Equipment is 0.35. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Clearfield, assuming nothing else is changed. The correlation between historical values of Clearfield's Capital Surpluse and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Clearfield are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Capital Surpluse i.e., Clearfield's Capital Surpluse and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.35
Relationship DirectionPositive 
Relationship StrengthVery Weak

Capital Surpluse

Property Plant Equipment

Most indicators from Clearfield's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clearfield current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearfield. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
For information on how to trade Clearfield Stock refer to our How to Trade Clearfield Stock guide.At present, Clearfield's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.74, whereas Enterprise Value Over EBITDA is projected to grow to (10.96).
 2023 2024 2025 2026 (projected)
Gross Profit28.9M50.5M58.1M61.0M
Total Revenue166.7M150.1M172.7M181.3M

Clearfield fundamental ratios Correlations

0.930.880.990.90.10.980.650.920.930.630.470.80.870.780.940.870.940.990.590.650.730.52-0.37-0.010.49
0.930.920.910.750.170.920.530.980.790.580.380.80.710.890.840.890.890.870.530.60.630.54-0.340.010.48
0.880.920.830.850.380.90.520.880.660.850.40.940.850.660.70.990.760.840.790.430.850.82-0.340.220.45
0.990.910.830.870.020.970.670.910.960.550.480.730.830.790.970.80.950.990.510.670.670.43-0.36-0.060.49
0.90.750.850.870.290.920.630.720.80.810.430.880.980.490.770.880.810.930.830.540.910.7-0.380.130.38
0.10.170.380.020.290.2-0.50.15-0.170.53-0.230.560.30.05-0.160.450.110.080.650.180.480.570.090.41-0.28
0.980.920.90.970.920.20.60.910.880.690.40.830.890.730.880.890.920.970.650.630.770.59-0.430.10.42
0.650.530.520.670.63-0.50.60.480.720.410.580.40.620.320.70.480.510.690.320.150.50.32-0.41-0.160.61
0.920.980.880.910.720.150.910.480.780.560.430.750.670.880.840.850.880.850.470.620.570.5-0.350.10.53
0.930.790.660.960.8-0.170.880.720.780.370.440.570.760.730.980.640.910.950.370.670.560.23-0.31-0.230.43
0.630.580.850.550.810.530.690.410.560.370.380.870.850.20.380.870.430.630.930.120.920.97-0.330.430.37
0.470.380.40.480.43-0.230.40.580.430.440.380.320.430.260.530.370.390.470.270.240.290.31-0.150.080.95
0.80.80.940.730.880.560.830.40.750.570.870.320.850.560.580.970.720.780.920.480.910.84-0.320.190.34
0.870.710.850.830.980.30.890.620.670.760.850.430.850.40.730.860.730.910.840.430.930.75-0.340.170.36
0.780.890.660.790.490.050.730.320.880.730.20.260.560.40.790.640.870.710.210.760.290.15-0.23-0.250.38
0.940.840.70.970.77-0.160.880.70.840.980.380.530.580.730.790.670.920.940.360.660.530.26-0.27-0.220.53
0.870.890.990.80.880.450.890.480.850.640.870.370.970.860.640.670.760.830.850.450.880.84-0.340.220.42
0.940.890.760.950.810.110.920.510.880.910.430.390.720.730.870.920.760.920.470.860.570.32-0.34-0.130.4
0.990.870.840.990.930.080.970.690.850.950.630.470.780.910.710.940.830.920.620.640.760.51-0.36-0.050.45
0.590.530.790.510.830.650.650.320.470.370.930.270.920.840.210.360.850.470.620.260.950.9-0.240.290.22
0.650.60.430.670.540.180.630.150.620.670.120.240.480.430.760.660.450.860.640.260.240.01-0.22-0.190.22
0.730.630.850.670.910.480.770.50.570.560.920.290.910.930.290.530.880.570.760.950.240.87-0.270.210.25
0.520.540.820.430.70.570.590.320.50.230.970.310.840.750.150.260.840.320.510.90.010.87-0.250.50.31
-0.37-0.34-0.34-0.36-0.380.09-0.43-0.41-0.35-0.31-0.33-0.15-0.32-0.34-0.23-0.27-0.34-0.34-0.36-0.24-0.22-0.27-0.25-0.16-0.22
-0.010.010.22-0.060.130.410.1-0.160.1-0.230.430.080.190.17-0.25-0.220.22-0.13-0.050.29-0.190.210.5-0.160.06
0.490.480.450.490.38-0.280.420.610.530.430.370.950.340.360.380.530.420.40.450.220.220.250.31-0.220.06
Click cells to compare fundamentals

Clearfield Account Relationship Matchups

Clearfield fundamental ratios Accounts

202120222023202420252026 (projected)
Total Assets229.1M355.5M315.3M306.2M352.1M369.7M
Other Current Liab18.0M14.2M19.0M26.8M30.8M32.3M
Total Current Liabilities51.7M29.0M24.4M36.6M42.1M44.2M
Total Stockholder Equity147.6M315.2M275.8M256.2M294.6M309.3M
Property Plant And Equipment Net31.5M35.4M26.8M18.1M20.8M21.9M
Net Debt20.2M(21.3M)(631K)(12.7M)(11.5M)(12.0M)
Retained Earnings94.8M127.3M115.0M106.9M122.9M129.1M
Cash16.7M37.8M14.1M21.5M24.7M26.0M
Non Current Assets Total69.0M59.3M85.7M107.7M123.8M130.0M
Cash And Short Term Investments22.5M168.1M129.0M106.0M121.9M128.0M
Net Receivables53.7M28.4M13.8M18.0M20.7M21.7M
Common Stock Shares Outstanding13.9M15.0M14.6M14.0M16.1M12.3M
Liabilities And Stockholders Equity229.1M355.5M315.3M306.2M352.1M369.7M
Non Current Liabilities Total29.9M11.4M15.2M13.4M15.4M16.2M
Inventory82.2M98.1M56.1M42.0M48.3M50.8M
Other Current Assets1.8M1.7M30.7M32.5M37.4M39.2M
Other Stockholder Equity54.5M188.2M159.6M147.4M169.5M178.0M
Total Liab81.5M40.4M39.5M50.0M57.5M60.4M
Property Plant And Equipment Gross18.2M35.4M60.7M39.3M45.2M47.5M
Total Current Assets160.1M296.3M229.6M198.5M228.3M239.7M
Accumulated Other Comprehensive Income(1.9M)(544K)1.1M1.7M2.0M2.1M
Short Long Term Debt Total36.9M16.5M13.5M8.8M10.1M10.6M
Non Currrent Assets Other581K1.9M18.8M5.4M6.3M6.6M
Short Term Debt7.8M5.8M2.5M2.8M3.2M3.4M
Accounts Payable24.1M8.9M2.8M7.0M8.1M8.5M
Common Stock137.3K138K153K142K158.7K139.3K
Short Term Investments5.8M130.3M114.8M84.5M97.2M102.0M
Intangible Assets6.4M6.1M4.7M9.4M10.8M11.3M
Long Term Investments22.7M6.3M24.5M59.8M68.8M72.2M

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When determining whether Clearfield is a strong investment it is important to analyze Clearfield's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Clearfield's future performance. For an informed investment choice regarding Clearfield Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearfield. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
For information on how to trade Clearfield Stock refer to our How to Trade Clearfield Stock guide.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Communications Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Clearfield. If investors know Clearfield will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Clearfield listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.85)
Earnings Share
0.45
Revenue Per Share
10.732
Quarterly Revenue Growth
0.023
Return On Assets
0.0043
The market value of Clearfield is measured differently than its book value, which is the value of Clearfield that is recorded on the company's balance sheet. Investors also form their own opinion of Clearfield's value that differs from its market value or its book value, called intrinsic value, which is Clearfield's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Clearfield's market value can be influenced by many factors that don't directly affect Clearfield's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Clearfield's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clearfield is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clearfield's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.