(YOU) Clear Secure - Overview
Sector: Technology | Industry: Software - Application | Exchange: NYSE (USA) | Market Cap: 8.038m USD | Total Return: 150.1% in 12m
Industry Rotation: +0.2
Avg Turnover: 74.1M
EPS Trend: 85.4%
Qual. Beats: 0
Rev. Trend: 99.0%
Qual. Beats: 7
Warnings
No concerns identified
Tailwinds
Leader, Tailwind, Confidence
Clear Secure, Inc. (NYSE: YOU) operates a proprietary identity verification platform focused on streamlining security checkpoints and authentication processes. Its primary revenue driver is CLEAR Plus, a subscription-based model that grants members expedited access to airport security lanes through biometric verification. The company has expanded its ecosystem to include B2B integrations, digital ID services, and TSA PreCheck enrollment processing.
The company operates within the broader digital identity and biometrics sector, which relies on high switching costs and network effects as more airports and venues adopt the technology. Unlike traditional hardware-focused security firms, Clear Secure utilizes a software-as-a-service (SaaS) model to scale its identity platform across travel, healthcare, and sports entertainment verticals.
Investors may find additional data points on the company’s valuation and growth metrics at ValueRay.
- CLEAR Plus subscription growth drives recurring revenue and airport network expansion
- TSA PreCheck enrollment partnership expands total addressable market and member base
- Platform diversification into B2B identity verification reduces reliance on aviation
- Operating leverage improves as member acquisition costs stabilize against rising renewals
- Regulatory changes in airport security protocols impact core verification competitive advantage
| Net Income: 168.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.31 > 0.02 and ΔFCF/TA 4.00 > 1.0 |
| NWC/Revenue: 0.52% < 20% (prev -13.27%; Δ 13.78% < -1%) |
| CFO/TA 0.33 > 3% & CFO 464.5m > Net Income 168.9m |
| Net Debt (-170.7m) to EBITDA (257.2m): -0.66 < 3 |
| Current Ratio: 1.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (101.0m) vs 12m ago 3.62% < -2% |
| Gross Margin: 85.20% > 18% (prev 0.63%; Δ 8.46k% > 0.5%) |
| Asset Turnover: 74.40% > 50% (prev 72.24%; Δ 2.16% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM) |
| A: 0.00 (Total Current Assets 864.9m - Total Current Liabilities 860.0m) / Total Assets 1.42b |
| B: 0.09 (Retained Earnings 123.4m / Total Assets 1.42b) |
| C: 0.18 (EBIT TTM 222.3m / Avg Total Assets 1.27b) |
| D: 0.10 (Book Value of Equity 123.1m / Total Liabilities 1.21b) |
| Altman-Z'' Score: 1.59 = BB |
| DSRI: 1.77 (Receivables 1.06m/512k, Revenue 942.4m/802.8m) |
| GMI: 0.74 (GM 85.20% / 63.03%) |
| AQI: 0.85 (AQ_t 0.28 / AQ_t-1 0.33) |
| SGI: 1.17 (Revenue 942.4m / 802.8m) |
| TATA: -0.21 (NI 168.9m - CFO 464.5m) / TA 1.42b) |
| Beneish M-Score: -2.81 (Cap -4..+1) = A |
Over the past week, the price has changed by +11.65%, over one month by +9.11%, over three months by +81.53% and over the past year by +150.09%.
- StrongBuy: 1
- Buy: 2
- Hold: 4
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 62 | -0% |
P/S = 8.5296
P/B = 32.6951
Revenue TTM = 942.4m USD
EBIT TTM = 222.3m USD
EBITDA TTM = 257.2m USD
Long Term Debt = 111.3m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = -170.7m USD (from netDebt column, last quarter)
Enterprise Value = 7.24b USD (8.04b + (null Debt) - CCE 800.1m)
Interest Coverage Ratio = unknown (Ebit TTM 222.3m / Interest Expense TTM 0.0)
EV/FCF = 16.55x (Enterprise Value 7.24b / FCF TTM 437.3m)
FCF Yield = 6.04% (FCF TTM 437.3m / Enterprise Value 7.24b)
FCF Margin = 46.41% (FCF TTM 437.3m / Revenue TTM 942.4m)
Net Margin = 17.92% (Net Income TTM 168.9m / Revenue TTM 942.4m)
Gross Margin = 85.20% ((Revenue TTM 942.4m - Cost of Revenue TTM 139.5m) / Revenue TTM)
Gross Margin QoQ = 63.65% (prev none%)
Tobins Q-Ratio = 5.09 (Enterprise Value 7.24b / Total Assets 1.42b)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 20.30% (14.4m / 70.7m)
NOPAT = 177.2m (EBIT 222.3m * (1 - 20.30%))
Current Ratio = 1.01 (Total Current Assets 864.9m / Total Current Liabilities 860.0m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = -0.66 (Net Debt -170.7m / EBITDA 257.2m)
Debt / FCF = -0.39 (Net Debt -170.7m / FCF TTM 437.3m)
Total Stockholder Equity = 158.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 13.33% (Net Income 168.9m / Total Assets 1.42b)
RoE = 106.7% (Net Income TTM 168.9m / Total Stockholder Equity 158.2m)
RoCE = 82.49% (EBIT 222.3m / Capital Employed (Equity 158.2m + L.T.Debt 111.3m))
RoIC = 112.0% (NOPAT 177.2m / Invested Capital 158.2m)
WACC = 6.56% (E(8.04b)/V(8.04b) * Re(6.56%) + (debt-free company))
Discount Rate = 6.56% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: 64.44 | Cagr: 4.58%
[DCF] Terminal Value 86.45% ; FCFF base≈381.3m ; Y1≈470.4m ; Y5≈802.6m
[DCF] Fair Price = 196.0 (EV 19.55b - Net Debt -170.7m = Equity 19.72b / Shares 100.6m; r=6.56% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 85.44 | EPS CAGR: 67.02% | SUE: 0.93 | # QB: 0
Revenue Correlation: 99.03 | Revenue CAGR: 22.61% | SUE: 4.0 | # QB: 7
EPS current Quarter (2026-06-30): EPS=0.48 | Chg30d=+14.12% | Revisions=+50% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.53 | Chg30d=+8.58% | Revisions=+50% | Analysts=4
EPS current Year (2026-12-31): EPS=2.02 | Chg30d=+11.91% | Revisions=+50% | GrowthEPS=+31.7% | GrowthRev=+20.9%
EPS next Year (2027-12-31): EPS=2.67 | Chg30d=-5.07% | Revisions=+14% | GrowthEPS=+32.3% | GrowthRev=+15.2%
[Analyst] Revisions Ratio: +50%