Clarus Corporation (CLAR) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-108.2%

-$0.37

vs $4.48 price

Levered DCF

-$0.09

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.39

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-2.77×	-3.29×	-25.56×	-4.17×	35.09×	85.56×	21.43×	42×
P/B	0.65×	0.74×	0.89×	0.75×	2.48×	2.32×	2.23×	1.83×
P/S	0.51×	0.65×	0.9×	0.7×	3.45×	2.12×	1.76×	1.44×
EV / EBITDA	-2.33×	-15.4×	256.57×	29.94×	81.22×	36.21×	21.88×	20.15×
Gross margin	33.1%	35.0%	34.1%	34.9%	33.0%	34.7%	35.0%	34.9%
Operating margin	-10.7%	-26.6%	-7.4%	-33.8%	-4.8%	1.8%	5.0%	3.9%
Net margin	-18.6%	-19.8%	-3.5%	-22.1%	9.8%	2.5%	8.3%	3.4%
Current ratio	4.23×	4.93×	1.75×	3.69×	3.11×	3.59×	4.92×	4.99×
Debt / equity	0.06×	0.07×	0.47×	0.53×	0.43×	0.2×	0.13×	0.13×
Interest coverage	0×	0×	0×	-13.49×	-4.32×	3.12×	8.42×	6.1×
Dividend yield	3.0%	2.2%	1.4%	1.7%	0.4%	0.3%	0.7%	0.5%
Payout ratio	-8.2%	-7.3%	-37.0%	-5.3%	12.8%	27.4%	15.7%	20.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-23.7%	-22.4%	-3.5%	-23.9%	7.0%	2.7%	10.5%	4.4%
Return on invested capital	-10.4%	-26.7%	-3.7%	-19.6%	0.3%	1.6%	5.6%	4.3%
Return on assets	-18.7%	-17.8%	-2.0%	-13.5%	4.1%	2.0%	8.2%	3.4%
Free cash flow yield	-7.7%	-8.1%	10.0%	2.9%	-1.9%	5.1%	1.3%	2.6%
Earnings yield	-36.2%	-30.3%	-3.9%	-31.8%	2.8%	1.2%	4.7%	2.4%
Enterprise value	$104.2M	$144M	$383.3M	$362M	$1.1B	$496.6M	$425.3M	$324.6M
Net debt / EBITDA	0.55×	3.07×	83.45×	11.8×	10.74×	1.62×	1.08×	1.22×
Cash conversion cycle (days)	214	211	208	207	292	199	187	177