(CLW) Clearwater Paper - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US18538R1032

Stock: Bleached Paperboard, Packaging, Printing

Total Rating 28

Risk 95

Buy Signal -0.75

Paper & Paper Products » Paper Products
Age: 17.2y

Market Cap: 268m
Avg Trading Vol: 3.65M USD

ATR: 4.78%
Peers RS (IBD): 11.11

EPS (Earnings per Share)

EPS CAGR: -6.71%
EPS Trend: -37.8%

Last SUE: 0.11
Qual. Beats: 0

Revenue

Rev. CAGR: -5.32%
Rev. Trend: -51.1%

Last SUE: 0.03
Qual. Beats: 0

Risk 5d forecast
Volatility	46.9%
Relative Tail Risk	-15.9%

Reward TTM
Sharpe Ratio	-1.15
Alpha	-57.52

Character TTM
Beta	0.828
Beta Downside	0.533

Drawdowns 3y
Max DD	70.40%
CAGR/Max DD	-0.31

Description: CLW Clearwater Paper December 28, 2025

Clearwater Paper Corporation (NYSE: CLW) produces solid bleached sulfate (SBS) paperboard for packaging, liquid containers, and commercial printing, offering custom sheeting, slitting, and cutting services. Its customers include folding-carton converters, merchants, and printers. The company, incorporated in 2005, is headquartered in Spokane, Washington, and operates primarily in the United States with some international sales.

Key operational metrics as of Q4 2023 show revenue of approximately $1.1 billion, an adjusted EBITDA margin near 7 %, and free cash flow of about $120 million, while capacity utilization hovers around 85 %. The business is sensitive to pulp and energy price volatility and benefits from secular demand growth in e-commerce packaging and sustainable consumer-goods packaging, both of which are driving higher SBS consumption. Additionally, the paperboard sector’s exposure to housing starts and retail inventory cycles can amplify earnings swings.

For a deeper dive into CLW’s valuation dynamics and scenario analysis, consider exploring the detailed model on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income: -164.6m TTM > 0 and > 6% of Revenue
FCF/TA: -0.09 > 0.02 and ΔFCF/TA -10.77 > 1.0
NWC/Revenue: 16.42% < 20% (prev 21.28%; Δ -4.86% < -1%)
CFO/TA -0.02 > 3% & CFO -27.8m > Net Income -164.6m
Net Debt (313.5m) to EBITDA (17.7m): 17.71 < 3
Current Ratio: 2.10 > 1.5 & < 3
Outstanding Shares: last quarter (16.1m) vs 12m ago -2.88% < -2%
Gross Margin: 7.27% > 18% (prev 0.09%; Δ 717.6% > 0.5%)
Asset Turnover: 76.84% > 50% (prev 60.37%; Δ 16.47% > 0%)
Interest Coverage Ratio: -3.74 > 6 (EBITDA TTM 17.7m / Interest Expense TTM 19.6m)

Altman Z'' 3.62

A: 0.16 (Total Current Assets 487.9m - Total Current Liabilities 232.4m) / Total Assets 1.56b
B: 0.53 (Retained Earnings 823.9m / Total Assets 1.56b)
C: -0.04 (EBIT TTM -73.3m / Avg Total Assets 2.03b)
D: 1.01 (Book Value of Equity 789.6m / Total Liabilities 778.6m)
Altman-Z'' Score: 3.62 = AA

Beneish M -3.45

DSRI: 0.90 (Receivables 161.7m/172.7m, Revenue 1.56b/1.50b)
GMI: 1.27 (GM 7.27% / 9.22%)
AQI: 0.12 (AQ_t 0.04 / AQ_t-1 0.30)
SGI: 1.04 (Revenue 1.56b / 1.50b)
TATA: -0.09 (NI -164.6m - CFO -27.8m) / TA 1.56b)
Beneish M-Score: -3.45 (Cap -4..+1) = AA

What is the price of CLW shares?

As of February 08, 2026, the stock is trading at USD 17.79 with a total of 156,041 shares traded.
Over the past week, the price has changed by +5.77%, over one month by -5.17%, over three months by -3.21% and over the past year by -44.11%.

Is CLW a buy, sell or hold?

Clearwater Paper has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy CLW.

StrongBuy: 0
Buy: 1
Hold: 0
Sell: 0
StrongSell: 0

What are the forecasts/targets for the CLW price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	23.7	33.1%
Analysts Target Price	23.7	33.1%
ValueRay Target Price	15.1	-15.2%

CLW Fundamental Data Overview February 05, 2026

P/E Forward = 10.9051
P/S = 0.1725
P/B = 0.3415
P/EG = 4.05
Revenue TTM = 1.56b USD
EBIT TTM = -73.3m USD
EBITDA TTM = 17.7m USD
Long Term Debt = 335.5m USD (from longTermDebt, last quarter)
Short Term Debt = 12.4m USD (from shortTermDebt, last quarter)
Debt = 347.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 313.5m USD (from netDebt column, last quarter)
Enterprise Value = 582.0m USD (268.5m + Debt 347.9m - CCE 34.4m)
Interest Coverage Ratio = -3.74 (Ebit TTM -73.3m / Interest Expense TTM 19.6m)
EV/FCF = -4.32x (Enterprise Value 582.0m / FCF TTM -134.7m)
FCF Yield = -23.15% (FCF TTM -134.7m / Enterprise Value 582.0m)
FCF Margin = -8.66% (FCF TTM -134.7m / Revenue TTM 1.56b)
Net Margin = -10.58% (Net Income TTM -164.6m / Revenue TTM 1.56b)
Gross Margin = 7.27% ((Revenue TTM 1.56b - Cost of Revenue TTM 1.44b) / Revenue TTM)
Gross Margin QoQ = 4.69% (prev 10.97%)
Tobins Q-Ratio = 0.37 (Enterprise Value 582.0m / Total Assets 1.56b)
Interest Expense / Debt = 1.44% (Interest Expense 5.00m / Debt 347.9m)
Taxrate = 21.0% (US default 21%)
NOPAT = -57.9m (EBIT -73.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.10 (Total Current Assets 487.9m / Total Current Liabilities 232.4m)
Debt / Equity = 0.44 (Debt 347.9m / totalStockholderEquity, last quarter 783.0m)
Debt / EBITDA = 17.71 (Net Debt 313.5m / EBITDA 17.7m)
Debt / FCF = -2.33 (negative FCF - burning cash) (Net Debt 313.5m / FCF TTM -134.7m)
Total Stockholder Equity = 827.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -8.13% (Net Income -164.6m / Total Assets 1.56b)
RoE = -19.89% (Net Income TTM -164.6m / Total Stockholder Equity 827.7m)
RoCE = -6.30% (EBIT -73.3m / Capital Employed (Equity 827.7m + L.T.Debt 335.5m))
RoIC = -5.10% (negative operating profit) (NOPAT -57.9m / Invested Capital 1.14b)
WACC = 4.55% (E(268.5m)/V(616.4m) * Re(8.97%) + D(347.9m)/V(616.4m) * Rd(1.44%) * (1-Tc(0.21)))
Discount Rate = 8.97% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.17%
Fair Price DCF = unknown (Cash Flow -134.7m)
EPS Correlation: -37.75 | EPS CAGR: -6.71% | SUE: 0.11 | # QB: 0
Revenue Correlation: -51.08 | Revenue CAGR: -5.32% | SUE: 0.03 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.46 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=-1.16 | Chg30d=-0.682 | Revisions Net=-1 | Growth EPS=-26.2% | Growth Revenue=-3.6%

Additional Sources for CLW Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle