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Clorox Co CLX

Morningstar Rating
$152.84 +0.24 (0.16%)
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Company Report

Clorox Earnings: Cyberattack in the Rearview as Sales and Profits Soar on Regained Distribution

We surmise that the speed wide-moat Clorox employed to rebuild retailer inventories, underpinned by its unwavering brand prowess, resulted in its impressive second-quarter performance. Organic sales shot up 20%, reflecting a 13% increase in volumes and a 7% price hike, while the gross margin surged 730 basis points to 43.5%, reflecting higher prices, cost savings, and fixed-cost leverage on stepped-up shipments.

Price vs Fair Value

CLX is trading at a 2% discount.
Price
$152.84
Fair Value
$436.00
Uncertainty
Medium
1-Star Price
$137.90
5-Star Price
$324.50
Economic Moat
Pqrm
Capital Allocation
Sbvbjhhy

Bulls Say, Bears Say

Bulls

The rising globalization of travel and the potential for ensuing illnesses, like COVID-19, could bolster demand for disinfectant offerings, aiding cleaning sales, about one third of Clorox's base, over a longer time than we currently anticipate.

Bears

Promotional spending has plagued Clorox's categories (like bags and wraps) in the past, and we think these headwinds could resume against a bleak economic backdrop.

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News

Trading Information

Previous Close Price
$152.60
Day Range
$152.10153.36
52-Week Range
$114.69178.21
Bid/Ask
$148.88 / $152.84
Market Cap
$18.97 Bil
Volume/Avg
983,493 / 1.1 Mil

Key Statistics

Price/Earnings (Normalized)
26.11
Price/Sales
2.59
Dividend Yield (Trailing)
3.13%
Dividend Yield (Forward)
3.14%
Total Yield
3.13%

Company Profile

Since its inception more than 100 years ago, Clorox has grown to play in a variety of categories across the consumer products space, including cleaning supplies, laundry care, trash bags, cat litter, charcoal, food dressings, water-filtration products, and natural personal-care products. Beyond its namesake brand, the firm’s portfolio includes Liquid-Plumr, Pine-Sol, S.O.S, Tilex, Kingsford, Fresh Step, Glad, Hidden Valley, KC Masterpiece, Brita, and Burt’s Bees. Just shy of 85% of Clorox’s sales stem from its home turf.
Sector
Consumer Defensive
Industry
Household & Personal Products
Stock Style Box
Mid Core
Total Number of Employees
8,700

Competitors

Valuation

Metric
CLX
PG
CHD
Price/Earnings (Normalized)
26.1124.3330.99
Price/Book Value
356.357.676.20
Price/Sales
2.594.594.09
Price/Cash Flow
22.8919.2223.10
Price/Earnings
CLX
PG
CHD

Financial Strength

Metric
CLX
PG
CHD
Quick Ratio
0.490.400.61
Current Ratio
0.860.641.08
Interest Coverage
2.5220.669.72
Quick Ratio
CLX
PG
CHD

Profitability

Metric
CLX
PG
CHD
Return on Assets (Normalized)
10.48%13.58%9.58%
Return on Equity (Normalized)
376.90%35.76%21.40%
Return on Invested Capital (Normalized)
19.73%20.36%14.37%
Return on Assets
CLX
PG
CHD
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Economic Moat
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PG
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UL
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CL
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EL
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RBGLY
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KMB
Kimberly-Clark CorpYzpkhxv$41.0 Bil
KVUE
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CHD
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COTY
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