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Clorox Co

CLX: XNYS (USA)

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Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$729.00	Lwdkd	Jfvbzmzbx

Clorox Earnings: Muted Sales and Profits, but on Track to Close the Book on 2023 Cyberattack

May 1, 2024

The market soured on Clorox after it printed tempered third-quarter marks, sending shares down at a low- to mid-single-digit percentage clip in after-hours trading. However, we never expected Clorox’s turnaround would head due north. Thus, we don’t anticipate any change to our $169 fair value estimate, beyond a low-single-digit bump for the time value of money. With shares at around a 15% discount to our intrinsic valuation, we think investors would be wise to stock up on this wide-moat company.

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