Clearwater Analytics Holdings, Inc.

Technology
Computer Software: Prepackaged Software
www.clearwateranalytics.com

Moat Score
Safety Score

Market Cap $6.24B
PE 3785
Debt $2.75M
Cash $228.69M
EV $6.02B
FCF $121.62M

Earnings

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Sales & Net Margins

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Earnings	$1.65M
EBIT	$13.61M
ROE	0%
ROA	2%
FCF	$121.62M
Equity	$453.62M
Growth Stability	1
PE	3.79K
PB	13.76
P/FCF	51.32
P/S	14.71
Price/Cash	0.04
Debt/Equity	0.01
Debt/FCF	0.02
Net Margins	2%
Gross Margins	72%
Op. Margins	3%
Sales Growth YoY	22%
Sales Growth QoQ	8%
Sales CAGR	45%
FCF CAGR	5%
Equity CAGR	2%
Earnings Growth YoY	-255%
Earnings Growth QoQ	-942%

Sales CAGR 5Y	45%
FCF CAGR 5Y	5%
Equity CAGR 5Y	2%
Earnings CAGR 3Y	26%
Sales CAGR 3Y	26%
FCF CAGR 3Y	81%
Equity CAGR 3Y	15%
Market Cap	$6.24B
Revenue	$424.36M
Assets	$623.45M
Total Debt	$2.75M
Cash	$228.69M
Shares Outstanding	216.88M
EV	6.02B
Moat Score	30%
Safety Score	98%
Working Capital	338.44M
Current Ratio	4.66
Gross Profit	$306.60M
Shares Growth 3y	8%
Equity Growth QoQ	6%
Equity Growth YoY	16%

Assets & ROA

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Stockholders Equity & ROE

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Clearwater Analytics Holdings Inc provides investment accounting and reporting, performance measurement, compliance monitoring, and risk analytics solutions for asset managers, insurance companies, and large corporations. Its cloud-native software allows clients to radically simplify their investment accounting operations, enabling them to focus on higher-value business functions such as asset allocation strategy and investment selection.

SEC Filings

Direct access to Clearwater Analytics Holdings, Inc. (CWAN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Clearwater Analytics Holdings, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Clearwater Analytics Holdings, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Clearwater Analytics Holdings, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Clearwater Analytics Holdings, Inc..

Years

Calculation mode

= $1.7B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$122M	$128M	$134M	$140M	$147M	$154M	$162M	$170M	$178M	$187M	$196M	$2B
DCF		$116M	$111M	$105M	$101M	$96M	$91M	$87M	$83M	$79M	$76M	$755M
Value	$1.7B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	5%	-22%	-3%	-3%	-6%	2%
ROA	-	-	8%	1%	-3%	2%
ROE	-	-	-	-2%	-6%	0%

Bad Net Margins (1.57%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-34.23	1.08	0.65	0.02
Debt over Equity	-	-	-	0.16	0.13	0.01
Growth Stability	-	-	-	-	-	1

Good Debt/FCF ratio (0.02)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.01)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	21%	24%	20%	21%	45%
Earnings YoY growth	-	-672%	-81%	-3%	190%	-
Equity YoY growth	-	-	-	-	21%	2%
FCF YoY growth	-	-96%	-84%	-3K%	57%	5%