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ZYBERNO

Stock Report

Updated Aug 31, 2026

CLARUS CORPORATION (CLAR)

NASDAQ

$3.73

Professional Investment Analysis

ZYBERNO SCORE →

Is it a great business? Is it getting better?

32.0/100

WEAK BUSINESS

CLARUS CORPORATION (CLAR) scores 32/100 — weak fundamentals with mixed indicators requiring careful analysis before acting.

📊 How is the Zyberno Score calculated? +

The Zyberno Score answers one question: "Is this a quality business worth owning?" It's a 0-100 investment grade that evaluates business fundamentals across four critical dimensions, based on principles from Warren Buffett, Benjamin Graham, Peter Lynch, and Charlie Munger.

The 4 Core Categories (25 points each):

1. PROFITABILITY (25 pts)

Metrics: ROE, ROIC, Net Margin, Operating Margin
Thresholds: ROE >20% excellent • ROIC >20% excellent • Net Margin >20% excellent • Operating Margin >25% excellent

2. FINANCIAL STRENGTH (25 pts)

Metrics: Debt-to-Equity, Current Ratio, Interest Coverage, Altman Z-Score
Thresholds: D/E <0.3 excellent • Current Ratio >2.5 excellent • Interest Coverage >10x excellent • Altman Z >3.0 safe

3. CASH FLOW QUALITY (25 pts)

Metrics: Free Cash Flow, OCF vs Net Income, FCF Margin
Thresholds: Positive & growing FCF excellent • OCF/NI >1.2x excellent (cash earnings exceed accounting)

4. GROWTH & CONSISTENCY (25 pts)

Metrics: Revenue Growth, Net Income Growth, FCF Growth, Piotroski F-Score
Thresholds: Growth via log-linear regression • Piotroski 8-9 excellent, 6-7 good

Score Interpretation:

75-100

GREAT BUSINESS

65-74

GOOD BUSINESS

50-64

AVERAGE BUSINESS

30-49

WEAK BUSINESS

0-29

POOR BUSINESS

→ View full CLAR quality analysis & detailed breakdown

VALUATION SIGNAL

N/A (Requires more data)

Requires fair value calculation and current price data

💰 How is Margin of Safety calculated? +

Margin of Safety measures how much discount or premium you're paying relative to a stock's intrinsic value. It's Benjamin Graham's core principle: the larger the margin, the lower your downside risk.

Formula: (Intrinsic Value − Current Price) ÷ Intrinsic Value × 100%

How We Calculate Intrinsic Value (DCF Method):

Step 1: Calculate current Owner Earnings (OCF − Maintenance CapEx)

Step 2: Calculate company-specific growth rate using log-linear regression on 16 quarters of Owner Earnings

Step 3: Project 10 years forward using the calculated growth rate

Step 4: Discount each year's cash flow to present value using 10% discount rate

Step 5: Calculate terminal value using 3% perpetual growth rate

Step 6: Sum all discounted cash flows = Intrinsic Value

What The Percentages Mean:

+50% or more

EXCELLENT — Very undervalued

+25% to +50%

GOOD — Attractive discount

0% to +25%

FAIR — Reasonable value

0% to -25%

CAUTION — Slight premium

-25% or worse

POOR — Overvalued

"Price is what you pay, value is what you get." — Warren Buffett

→ View full CLAR valuation analysis · → View full CLAR Brina Gap analysis

📈 How is Brina Gap calculated? +

Brina Gap measures the difference between the growth a business can fundamentally sustain and the growth the market is already pricing in.

Formula: Fundamental Growth Rate − Market-Implied Growth Rate

The Two Components:

Fundamental Growth Rate = ROIC × Reinvestment Rate

What the business can sustainably grow at based on how much it reinvests and what return it earns on that capital. Grounded in historical financials.

Market-Implied Growth Rate = Reverse DCF

The growth rate the current Enterprise Value implicitly assumes. Calculated by back-solving a 10-year DCF model (10% WACC, 3% terminal growth) until the present value of projected cash flows equals EV.

What The Gap Means:

Gap > +5% Market Underestimates — potential upside

+2% to +5% Slight Underestimate

-2% to +2% Fairly Priced — market consensus matches fundamentals

-5% to -2% Slight Overestimate

Gap < -5% Market Overestimates — price embeds optimism fundamentals don't support

A positive gap (market underestimates) combined with a positive Margin of Safety is the strongest combined signal — the business is both cheap historically and forward economics are stronger than the price suggests.

Critical Financial Health Indicators

Return on Equity (Profitability):CRITICAL (-15.5%)

Debt-to-Equity (Solvency Risk):EXCELLENT (0.11x)

Operating Margin (Operational Efficiency):CRITICAL (-17.2%)

Return on Capital (Capital Efficiency):CRITICAL (-23.3%)

📊 Valuation Trilogy

Three interconnected metrics for complete valuation analysis

Click any metric for full methodology and detailed analysis

Zyberno's Verdict

CLARUS CORPORATION (CLAR) stock report — Zyberno Score 32/100 (WEAK BUSINESS). Full financial analysis on Zyberno.

Over the trailing twelve months, CLAR generated -$12.35M in Owner Earnings. Capital was deployed as follows: $32.00K returned via share buybacks, $3.84M paid as dividends, $5.54M invested in capital expenditures. Reinvestment rate: 17.4%.

DIVISION I: EXECUTIVE SUMMARY

A. Market Valuation

Market Price & Capitalization (2)

Current Price:3.73

Market Cap:$143.12M

Valuation Multiples (3)

P/B Ratio:0.72x

P/S Ratio:0.57x

Peg Ratio:-999.00x

Enterprise Metrics (1)

Enterprise Value:$131.35M

Price Action & Momentum (3)

12-1 Momentum:

-5.6% (31th pctile)

📈 Click to view full CLAR Momentum analysis →

Momentum Percentile:31 / 100

% of 52-Week High:92.6%

B. Profitability Assessment

Return Metrics (5)

ROE:

-15.5%

📊 Click to view full CLAR ROE analysis →

ROA:-12.2%

Roic:

-23.3%

📊 Click to view full CLAR ROIC analysis →

Reinvestment Rate:17.4%

Fundamental Growth Rate (g):-4.1%

Margin Analysis (3)

Operating Margin Ttm:-17.2%

Net Margin Ttm:-12.4%

Ebitda Margin:-6.8%

TTM Performance (3)

Gross Margin Ttm:36.7%

Operating Margin Ttm:-17.2%

Net Margin Ttm:-12.4%

Yield Metrics (2)

Earnings Yield:-$21.64

Dividend Yield:2.6%

C. Log-Linear Regression Growth Trends

Earnings Surprise (SUE) (3)

Earnings Surprise (SUE):

+0.49

📊 Click to view full CLAR Earnings Surprise analysis →

EPS Surprise vs Expected:135.8%

Latest Earnings Filed:2026-08-06

Revenue Growth (Linear) (1)

Revenue Growth Rate (Linear):-8.4%

Earnings Growth (Linear) (1)

Net Income Growth Rate (Linear):25.6%

Cash Flow Growth (Linear) (2)

Free Cash Flow Growth Rate (Linear):38.8%

Operating Cash Flow Growth Rate (Linear):13.0%

Operating Growth (Linear) (1)

Operating Income Growth Rate (Linear):-1.4%

D. Financial Stability

Liquidity Ratios (3)

Current Ratio:4.45x

Quick Ratio:2.09x

Cash Ratio:0.74x

Leverage Analysis (3)

Debt To Equity Ttm:0.11x

Debt-to-Equity Ratio:0.11x

Debt To Ebitda:-999.00x

Coverage Ratios (1)

Times Interest Earned:-999.00

Capital Structure (4)

Working Capital:134,531,000.00

Cash And Cash Equivalents:28,925,000.00

Long Term Debt:$14.60M

Net Debt:-$11.77M

DIVISION II: FINANCIAL STATEMENTS ANALYSIS

A. Income Statement Analysis

Revenue Components (2)

Revenue TTM: $252.85M

Linear Growth: -8.4%

📊 Click to view full CLAR Revenue analysis & methodology →

Cost Of Revenue Ttm:$160.12M

Profitability Breakdown (2)

Gross profit TTM: $92.74M

Linear Growth: -16.5%

📊 Click to view full CLAR Gross Profit analysis & methodology →

Operating income TTM: -$43.53M

Linear Growth: -1.4%

📊 Click to view full CLAR Operating Income analysis & methodology →

Bottom Line Performance (3)

Net income TTM: -$31.46M

Linear Growth: 25.6%

📊 Click to view full CLAR Net Income analysis & methodology →

Income Before Tax:-$40.11M

Ebitda Ttm:-17,096,000.00

Operating Expenses (5)

Operating Expenses:136,263,000.00

R And D Expense:11,928,000.00

Sga Expense:102,527,000.00

Income Tax Expense:-$8.66M

Interest Expense:0.00

Expense Ratios (3)

R And D To Revenue Percentage:21.2%

Sga To Revenue Percentage:182.6%

Ebitda Margin:-6.8%

B. Balance Sheet Analysis

Asset Composition (5)

Total Assets:$254.83M

Current Assets:$173.56M

Ppe Net:18,867,000.00

Goodwill:3,804,000.00

Intangible Assets:$21.57M

Liability Structure (4)

Total Liabilities:56,758,000.00

Current Liabilities:39,024,000.00

Long Term Debt:$14.60M

Short Term Debt:$2.55M

Equity & Capital (3)

Equity:$198.07M

Retained Earnings:-$457.76M

Common Stock:100,000,000.00

Working Capital Items (3)

Accounts Receivable:43,119,000.00

Inventory:92,008,000.00

Accounts Payable:17,861,000.00

Special Items (2)

Contract Liabilities:0.00

Stock Based Compensation:268,000.00

C. Cash Flow Analysis

Operating Activities (2)

Operating cash flow TTM: -$6.81M

Linear Growth: 13.0%

Free cash flow TTM: -$12.35M

Linear Growth: 38.8%

📊 Click to view full CLAR Free Cash Flow analysis & methodology →

Investment Activities (2)

Investing Cash Flow:-$1.53M

Capital Expenditures Ttm:5,539,000.00

Financing Activities (3)

Financing Cash Flow:-$993.00K

Dividends Paid Ttm:3,842,000.00

Stock Repurchase:32,000.00

Capital Transactions (3)

Common Stock Issuance:0.00

Long Term Debt Issuance:$0.00

Long Term Debt Repayments:$0.00

Non-Cash Items (1)

Depreciation Amortization Ttm:26,430,000.00

DIVISION III: OPERATIONAL METRICS

A. Per Share Analysis

Earnings Per Share (3)

EPS (Basic TTM):-0.82

Eps diluted TTM: -$0.82

Linear Growth: 25.8%

📊 Click to view full CLAR EPS analysis & methodology →

Earnings Per Share Ttm:-$0.82

Revenue & Cash Per Share (2)

Sales Per Share Ttm:6.59

Operating Cash Flow Per Share:-$0.12

Book Value & Capital (2)

Book Value Per Share:$5.16

Cash Per Share:0.75

Dividend Policy (1)

Dividend Payout Ratio:-999.00x

B. Operational Efficiency

Asset Utilization (2)

Asset Turnover Ttm:0.98x

Working Capital Turnover Ttm:1.88x

Receivables Management (2)

Receivables Turnover Ttm:5.86x

Days Sales Outstanding Ttm:62.24

Inventory Management (2)

Inventory Turnover Ttm:1.74x

Days Inventory Outstanding Ttm:209.74

Payables & Cash Cycle (2)

Days Payable Outstanding:40.72

Cash Conversion Cycle:231.27

C. Quality & Risk Metrics

Financial Quality Scores (2)

Financial Strength Score:100.00

Quality Score:40.00

Market Metrics (2)

Beta:0.00x

Volatility Category:unknown

DIVISION IV: INVESTMENT ANALYSIS

A. Value Investment Framework

Owner Earnings Analysis (1)

-$12.35M

Damodaran Growth Analysis (2)

Reinvestment Rate:17.4%

Fundamental Growth Rate (g):-4.1%

B. Log-Linear Regression Growth Analysis

Growth Rates (Log-Linear Regression) (3)

Revenue Growth Rate (Linear):-8.4%

Net Income Growth Rate (Linear):25.6%

Operating Income Growth Rate (Linear):-1.4%

Cash Flow Growth Rates (2)

Free Cash Flow Growth Rate (Linear):38.8%

Operating Cash Flow Growth Rate (Linear):13.0%

Other Growth Rates (2)

Gross Profit Growth Rate (Linear):-16.5%

Book Value Growth Rate (Linear):-14.7%

C. Company Profile & Context

Corporate Information (6)

Symbol:CLAR

Company Name:CLARUS CORPORATION

Sector:Unknown

Industry:Sporting & Athletic Goods, NEC

Exchange:NASDAQ

Country:United States

Market Classification (3)

Market Cap Category:N/A

Price Category:low

Volume Category:N/A

Share Structure (3)

Shares Outstanding:38.37M

Shares Outstanding Basic:38.37M

Shares Outstanding Diluted:38.37M

Data Processing Info (3)

Processing Version:v3.0

Last Updated:2026-08-31 16:36:39 UTC

Data Timestamp:2026-08-19T14:14:59.659940