0.85%
-11.15%
-35.64%
10.87%
24.38%
-4.13%
-40.83%

Company Description

Clear Secure, Inc.provides a member-centric secure identity platform in the United States.The company's secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking.


It also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR app, a consumer-facing digital product that facilitates new user enrollment and member engagement from their mobile device.In addition, the company provides Reserve powered by CLEAR, a virtual queuing technology that provides users with the choice of how they queue either at home or on the move; and Atlas Certified, an automated solution to verify professional licenses and certification data across industries by communicating with certifying organizations for on-demand, current, and trusted data.The company was founded in 2010 and is headquartered in New York, New York.

Market Data

Last Price 23.67
Change Percentage 0.85%
Open 23.7
Previous Close 23.47
Market Cap ( Millions) 2225
Volume 1459615
Year High 38.88
Year Low 16.05
M A 50 26.29
M A 200 25.04

Financial Ratios

FCF Yield 10.77%
Dividend Yield 3.11%
ROE 47.16%
Debt / Equity 95.43%
Net Debt / EBIDTA 68.26%
Price To Book 17.18
Price Earnings Ratio 27.57
Price To FCF 9.28
Price To sales 3.03
EV / EBITDA 17.52

News

Business Breakdown

Expected Mid-Term Growth

Segment n°1 -> Biometric Scanning Product

Expected Growth : 14 %

What the company do ?

Clear Secure, Inc.'s Biometric Scanning Product uses facial recognition and fingerprint scanning to provide secure and convenient identity verification for various applications.

Why we expect these perspectives ?

Clear Secure, Inc.'s biometric scanning product growth is driven by increasing demand for secure and convenient identity verification, government initiatives for biometric adoption, and rising security concerns in various industries such as travel, finance, and healthcare. Additionally, the product's ease of use, accuracy, and cost-effectiveness contribute to its rapid adoption.

Clear Secure, Inc. Products

Product Range What is it ?
CLEAR A trusted traveler program that uses biometric technology to expedite security screening at airports and stadiums.
Health Pass A digital health verification platform that enables secure and convenient COVID-19 health checks.
CLEAR for Sports A secure and efficient entry solution for sports and entertainment venues.
CLEAR for Work A comprehensive identity verification and access control solution for the modern workforce.

Clear Secure, Inc.'s Porter Forces

Clear Secure, Inc. operates in a niche market with limited substitutes, reducing the threat of substitutes.

Clear Secure, Inc. has a diverse customer base, but some large customers may have bargaining power, influencing prices and terms.

Clear Secure, Inc. has a diversified supplier base, reducing dependence on individual suppliers and minimizing their bargaining power.

The security screening industry has low barriers to entry, and new entrants could potentially disrupt the market, posing a significant threat to Clear Secure, Inc.

The security screening industry is moderately competitive, with several established players, but Clear Secure, Inc. has a strong market position and differentiated products.

Capital Structure

Value
Debt Weight 35.31%
Debt Cost 11.65%
Equity Weight 64.69%
Equity Cost 11.65%
WACC 11.65%
Leverage 54.59%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
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PLUS ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It …
UPBD Upbound Group, Inc., an omni-channel platform company, leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. The company operates in four …
SSNT SilverSun Technologies, Inc. operates as a business application, technology, and consulting company in the United States. The company provides solutions for accounting and business management, financial reporting, managed services, enterprise …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
23.67$
Current Price
23.67$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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