Clarus Z Score

CLAR -  USA Stock  

USD 29.09  0.90  3.00%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Continue to Clarus Corp Piotroski F Score and Clarus Corp Valuation analysis.

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Clarus Corp Return on Invested Capital is relatively stable at the moment as compared to the past year. Clarus Corp reported last year Return on Invested Capital of 0.03. As of 08/04/2021, Working Capital is likely to grow to about 108.4 M, while Capital Expenditure is likely to drop (5.5 M). Clarus Corp Weighted Average Shares is relatively stable at the moment as compared to the past year. Clarus Corp reported last year Weighted Average Shares of 30.18 Million. As of 08/04/2021, Weighted Average Shares Diluted is likely to grow to about 33.4 M, while Cost of Revenue is likely to drop slightly above 139.2 M.

Clarus Z Score Analysis

Clarus Corp's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2019 2020 2021 (projected)
Receivables Turnover5.924.855.95
PPandE Turnover9.918.9610.96
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Clarus Corp Z Score

    
  14.8  
Most of Clarus Corp's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Clarus Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Factor
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1.2 * (
Working Capital
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Total Assets )
Second Factor
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1.4 * (
Retained Earnings
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Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
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Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
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Total Assets )

Clarus Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Clarus Corp is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Clarus Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Clarus Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Clarus Corp's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

In accordance with the company's disclosures, Clarus Corp has a Z Score of 14.8. This is 358.2% higher than that of the Consumer Cyclical sector and 239.45% higher than that of the Leisure industry. The z score for all United States stocks is 69.72% lower than that of the firm.

Clarus Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Clarus Corp's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Clarus Corp could also be used in its relative valuation, which is a method of valuing Clarus Corp by comparing valuation metrics of similar companies.
Clarus Corp is currently under evaluation in z score category among related companies.

Clarus Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of Clarus Corp from analyzing Clarus Corp's financial statements. These drivers represent accounts that assess Clarus Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Clarus Corp's important valuation drivers and their relationship over time.
201620172018201920202021 (projected)
Net Income Per Employee(22.38 K)(1.35 K)14.6 K37.94 K9.22 K9.94 K
Revenue Per Employee369.46 K341.37 K424.28 K458.87 K372.32 K332.79 K
Average Assets215.74 M199.43 M208.93 M221.02 M253.59 M237.17 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(2.1 M)787 K12.23 M16.62 M10.54 M11.38 M
Earnings Before Interest Taxes and Depreciation Amortization USD(2.1 M)787 K12.23 M16.62 M10.54 M11.38 M
Earnings before Tax(8.31 M)(5.76 M)6.47 M9.98 M3.58 M3.87 M
Average Equity164.91 M158.52 M164.69 M171.88 M190.24 M181.1 M
Enterprise Value86.45 M262.06 M322.48 M427.54 M502.41 M431.54 M
Free Cash Flow2.27 M(11.71 M)8.03 M5.43 M24.31 M26.23 M
Invested Capital64.7 M123.83 M131.85 M151.13 M164.25 M147.72 M
Invested Capital Average76.6 M97.36 M123.04 M137.36 M162.82 M144.19 M
Market Capitalization160.96 M236.38 M302.79 M404.48 M478.37 M411.83 M
Tangible Asset Value178.15 M124.62 M133.93 M154.73 M187.04 M195.15 M
Working Capital126.34 M79.66 M86.76 M96.31 M102.5 M108.43 M

Clarus Corp Institutional Holders

Institutional Holdings refers to the ownership stake in Clarus Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Clarus Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Clarus Corp's value.
Security TypeSharesValue
Brown Advisory IncCommon SharesM78.2 M
Assenagon Asset Management SaCommon Shares347.3 K8.9 M
Rice Hall James Associates LlcCommon Shares123.1 K3.2 M
Parthenon LlcCommon Shares93.8 K2.4 M
New York State Common Retirement FundCommon Shares53.1 K1.4 M
Mesirow Financial Investment Management IncCommon Shares26.1 K670 K
Victory Capital Management IncCommon Shares22.4 K575 K

Clarus Fundamentals

About Clarus Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Clarus Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Clarus Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Clarus Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. Clarus Corporation was incorporated in 1991 and is headquartered in Salt Lake City, Utah. Clarus Corp operates under Leisure classification in the United States and is traded on NASDAQ Exchange. It employs 600 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Clarus Corp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Clarus Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Clarus Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Clarus Corp will appreciate offsetting losses from the drop in the long position's value.

Clarus Corp Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Clarus Corp and Brunswick Corp. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to Clarus Corp Piotroski F Score and Clarus Corp Valuation analysis. Note that the Clarus Corp information on this page should be used as a complementary analysis to other Clarus Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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When running Clarus Corp price analysis, check to measure Clarus Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Clarus Corp is operating at the current time. Most of Clarus Corp's value examination focuses on studying past and present price action to predict the probability of Clarus Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Clarus Corp's price. Additionally, you may evaluate how the addition of Clarus Corp to your portfolios can decrease your overall portfolio volatility.
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The market value of Clarus Corp is measured differently than its book value, which is the value of Clarus that is recorded on the company's balance sheet. Investors also form their own opinion of Clarus Corp's value that differs from its market value or its book value, called intrinsic value, which is Clarus Corp'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 Clarus Corp's market value can be influenced by many factors that don't directly affect Clarus Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Clarus Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Clarus Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clarus Corp'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.