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Clorox

DB:CXX
Snowflake Description

Established dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CXX
DB
$18B
Market Cap
  1. Home
  2. DE
  3. Household
Company description

The Clorox Company manufactures and markets consumer and professional products worldwide. The last earnings update was 21 days ago. More info.


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CXX Share Price and Events
7 Day Returns
-1.3%
DB:CXX
0.4%
Europe Household Products
-0.4%
DE Market
1 Year Returns
-5.7%
DB:CXX
-2.9%
Europe Household Products
10.4%
DE Market
CXX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Clorox (CXX) -1.3% -1.2% -8.3% -5.7% 20.7% 65.3%
Europe Household Products 0.4% 1.4% 2.3% -2.9% -13.4% 10.5%
DE Market -0.4% 3% 11.1% 10.4% 13.8% 15.7%
1 Year Return vs Industry and Market
  • CXX underperformed the Household Products industry which returned -2.9% over the past year.
  • CXX underperformed the Market in Germany which returned 10.4% over the past year.
Price Volatility
CXX
Industry
5yr Volatility vs Market

Value

 Is Clorox undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Clorox to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Clorox.

DB:CXX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:CXX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Household Products Unlevered Beta Simply Wall St/ S&P Global 0.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.373 (1 + (1- 21%) (16.86%))
0.613
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:CXX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Clorox is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:CXX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5%)
2020 817.77 Analyst x6 778.86
2021 820.08 Analyst x6 743.90
2022 846.88 Analyst x5 731.65
2023 859.86 Est @ 1.53% 707.52
2024 869.68 Est @ 1.14% 681.55
2025 877.23 Est @ 0.87% 654.75
2026 883.15 Est @ 0.68% 627.81
2027 887.93 Est @ 0.54% 601.17
2028 891.91 Est @ 0.45% 575.13
2029 895.31 Est @ 0.38% 549.85
Present value of next 10 years cash flows $6,652.00
DB:CXX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $895.31 × (1 + 0.23%) ÷ (5% – 0.23%)
$18,820.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $18,820.29 ÷ (1 + 5%)10
$11,558.43
DB:CXX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6,652.00 + $11,558.43
$18,210.43
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $18,210.43 / 125.50
$145.1
DB:CXX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CXX represents 0.89848x of NYSE:CLX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89848x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 145.10 x 0.89848
€130.37
Value per share (EUR) From above. €130.37
Current discount Discount to share price of €131.52
= -1 x (€131.52 - €130.37) / €130.37
-0.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Clorox is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Clorox's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Clorox's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CXX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $6.39
NYSE:CLX Share Price ** NYSE (2019-11-21) in USD $146.38
Europe Household Products Industry PE Ratio Median Figure of 5 Publicly-Listed Household Products Companies 18.31x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.78x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Clorox.

DB:CXX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CLX Share Price ÷ EPS (both in USD)

= 146.38 ÷ 6.39

22.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Clorox is overvalued based on earnings compared to the Europe Household Products industry average.
  • Clorox is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Clorox's expected growth come at a high price?
Raw Data
DB:CXX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
3.4%per year
Europe Household Products Industry PEG Ratio Median Figure of 5 Publicly-Listed Household Products Companies 1.89x
Germany Market PEG Ratio Median Figure of 259 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

DB:CXX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.91x ÷ 3.4%

6.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Clorox is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Clorox's assets?
Raw Data
DB:CXX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $4.38
NYSE:CLX Share Price * NYSE (2019-11-21) in USD $146.38
Europe Household Products Industry PB Ratio Median Figure of 10 Publicly-Listed Household Products Companies 2.07x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.88x
DB:CXX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CLX Share Price ÷ Book Value per Share (both in USD)

= 146.38 ÷ 4.38

33.4x

* Primary Listing of Clorox.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Clorox is overvalued based on assets compared to the Europe Household Products industry average.
X
Value checks
We assess Clorox's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Household Products industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Household Products industry average (and greater than 0)? (1 check)
  5. Clorox has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Clorox expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Clorox expected to grow at an attractive rate?
  • Clorox's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Clorox's earnings growth is positive but not above the Germany market average.
  • Clorox's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CXX Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CXX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 3.4%
DB:CXX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 2.5%
Europe Household Products Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
Europe Household Products Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CXX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CXX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30 6,936 1
2023-06-30 6,738 1
2022-06-30 6,503 1,062 848 8
2021-06-30 6,370 1,020 814 13
2020-06-30 6,213 1,018 785 13
2019-11-21
DB:CXX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 6,157 1,004 813
2019-06-30 6,214 992 820
2019-03-31 6,278 1,001 796
2018-12-31 6,244 1,099 790
2018-09-30 6,187 975 841
2018-06-30 6,124 976 823
2018-03-31 6,080 962 808
2017-12-31 6,040 922 799
2017-09-30 6,030 958 716
2017-06-30 5,973 865 703
2017-03-31 5,926 813 666
2016-12-31 5,875 863 653

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Clorox's earnings are expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
  • Clorox's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CXX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Clorox Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CXX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-06-30 7.67 7.67 7.67 1.00
2023-06-30 7.27 7.27 7.27 1.00
2022-06-30 6.78 7.25 6.61 8.00
2021-06-30 6.48 6.70 6.27 15.00
2020-06-30 6.16 6.40 6.07 15.00
2019-11-21
DB:CXX Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 6.39
2019-06-30 6.42
2019-03-31 6.20
2018-12-31 6.14
2018-09-30 6.52
2018-06-30 6.37
2018-03-31 6.25
2017-12-31 6.19
2017-09-30 5.56
2017-06-30 5.45
2017-03-31 5.16
2016-12-31 5.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Clorox is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Clorox's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Clorox has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Clorox performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Clorox's growth in the last year to its industry (Household Products).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Clorox's year on year earnings growth rate has been positive over the past 5 years.
  • Clorox's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Clorox's 1-year earnings growth is negative, it can't be compared to the Europe Household Products industry average.
Earnings and Revenue History
Clorox's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Clorox Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CXX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 6,157.00 813.00 1,478.00 134.00
2019-06-30 6,214.00 820.00 1,482.00 136.00
2019-03-31 6,278.00 796.00 1,458.00 135.00
2018-12-31 6,244.00 790.00 1,439.00 133.00
2018-09-30 6,187.00 841.00 1,420.00 132.00
2018-06-30 6,124.00 823.00 1,407.00 132.00
2018-03-31 6,080.00 808.00 1,427.00 132.00
2017-12-31 6,040.00 799.00 1,431.00 135.00
2017-09-30 6,030.00 716.00 1,423.00 136.00
2017-06-30 5,973.00 703.00 1,409.00 135.00
2017-03-31 5,926.00 666.00 1,432.00 140.00
2016-12-31 5,875.00 653.00 1,420.00 140.00
2016-09-30 5,814.00 654.00 1,412.00 142.00
2016-06-30 5,761.00 648.00 1,393.00 141.00
2016-03-31 5,718.00 672.00 1,348.00 138.00
2015-12-31 5,693.00 657.00 1,328.00 137.00
2015-09-30 5,693.00 634.00 1,329.00 136.00
2015-06-30 5,655.00 606.00 1,321.00 136.00
2015-03-31 5,595.00 588.00 1,273.00 132.00
2014-12-31 5,560.00 595.00 1,241.00 126.00
2014-09-30 5,523.00 585.00 1,241.00 124.00
2014-06-30 5,514.00 579.00 1,254.00 125.00
2014-03-31 5,564.00 592.00 1,272.00 125.00
2013-12-31 5,611.00 575.00 1,302.00 131.00
2013-09-30 5,628.00 580.00 1,304.00 131.00
2013-06-30 5,533.00 573.00 1,291.00 130.00
2013-03-31 5,617.00 564.00 1,301.00 129.00
2012-12-31 5,605.00 564.00 1,310.00 125.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Clorox made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Clorox used its assets more efficiently than the Europe Household Products industry average last year based on Return on Assets.
  • Clorox's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Clorox's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Household Products industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Clorox has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Clorox's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Clorox's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Clorox's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Clorox's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Clorox's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Clorox Company Filings, last reported 1 month ago.

DB:CXX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 550.00 2,736.00 150.00
2019-06-30 559.00 2,683.00 111.00
2019-03-31 781.00 2,607.00 178.00
2018-12-31 742.00 2,520.00 162.00
2018-09-30 677.00 2,565.00 162.00
2018-06-30 726.00 2,483.00 131.00
2018-03-31 837.00 2,855.00 1,174.00
2017-12-31 760.00 2,283.00 489.00
2017-09-30 592.00 2,200.00 468.00
2017-06-30 542.00 2,195.00 418.00
2017-03-31 404.00 2,440.00 431.00
2016-12-31 270.00 2,549.00 414.00
2016-09-30 289.00 2,407.00 408.00
2016-06-30 297.00 2,312.00 401.00
2016-03-31 259.00 2,228.00 414.00
2015-12-31 198.00 2,296.00 390.00
2015-09-30 119.00 2,227.00 383.00
2015-06-30 118.00 2,191.00 382.00
2015-03-31 302.00 2,166.00 378.00
2014-12-31 281.00 2,672.00 819.00
2014-09-30 169.00 2,240.00 355.00
2014-06-30 154.00 2,326.00 329.00
2014-03-31 53.00 2,568.00 364.00
2013-12-31 156.00 2,512.00 341.00
2013-09-30 81.00 2,456.00 323.00
2013-06-30 146.00 2,372.00 299.00
2013-03-31 152.00 2,561.00 423.00
2012-12-31 56.00 2,674.00 445.00
  • Clorox's level of debt (497.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1318.7% vs 497.5% today).
  • Debt is well covered by operating cash flow (36.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.6x coverage).
X
Financial health checks
We assess Clorox's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Clorox has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Clorox's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.9%
Current annual income from Clorox dividends. Estimated to be 2.95% next year.
If you bought €2,000 of Clorox shares you are expected to receive €58 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Clorox's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.38%).
  • Clorox's dividend is below the markets top 25% of dividend payers in Germany (3.75%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CXX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Europe Household Products Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CXX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-06-30
2023-06-30
2022-06-30 4.52 9.00
2021-06-30 4.31 12.00
2020-06-30 4.16 12.00
2019-11-21
DB:CXX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-20 4.240 2.897
2019-10-31 4.240 2.888
2019-05-21 4.240 2.734
2019-02-13 3.840 2.478
2018-11-14 3.840 2.463
2018-09-18 3.840 2.535
2018-05-22 3.840 2.841
2018-02-14 3.840 3.079
2017-11-14 3.360 2.391
2017-09-13 3.360 2.574
2017-05-09 3.360 2.488
2017-05-03 3.200 2.421
2016-11-16 3.200 2.530
2016-09-14 3.200 2.663
2016-05-17 3.200 2.424
2016-02-10 3.080 2.417
2015-11-18 3.080 2.424
2015-09-16 3.080 2.572
2015-05-12 3.080 2.803
2015-02-11 2.960 2.712
2014-11-19 2.960 2.838
2014-09-17 2.960 3.032
2014-05-13 2.960 3.296
2014-02-12 2.840 3.224
2013-11-19 2.840 3.129
2013-09-18 2.840 3.286
2013-05-14 2.840 3.353
2013-02-13 2.560 2.986
2013-02-05 2.560 3.174
2012-09-12 2.560 3.442
2012-05-15 2.560 3.575
2012-02-15 2.400 3.497
2011-11-16 2.400 3.592
2011-11-03 2.400 3.683
2011-05-19 2.400 3.524
2011-02-16 2.200 3.187
2010-11-17 2.200 3.467
2010-09-15 2.200 3.331
2010-05-19 2.200 3.415
2010-02-09 2.000 3.169
2009-11-18 2.000 3.277
2009-09-16 2.000 3.406
2009-06-11 2.000 3.467
2009-02-12 1.840 3.553

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Clorox's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Clorox's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Clorox afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Clorox has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Clorox's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Benno Dorer
COMPENSATION $9,362,715
AGE 55
TENURE AS CEO 5 years
CEO Bio

Mr. Benno O. Dorer has been the Chairman of The Clorox Company since August 15, 2016 and has been its Chief Executive Officer since November 20, 2014. Mr. Dorer served as an Executive Vice President and Chief Operating Officer of Cleaning, International & Corporate Strategy at The Clorox Company from January 1, 2013 to November 20, 2014. He served as Senior Vice President of Cleaning Division and Canada at Clorox Company from March 2011 to December 2012. He served as Senior Vice President of Cleaning Division at The Clorox Company from June 2009 to March 2011 and as its General Manager of Cleaning Division from October 2007 to June 2009. He served as Vice President of Cleaning Division of The Clorox Company from October 2007 to June 2009. He served as Vice President of Household Division and General Manager of Household Division of The Clorox Company from March 2007 to October 2007 and its Vice President and General Manager of the Glad Business from joining in January 2005 to March 2007. He was responsible for the manufacturing and marketing of Clorox 's U.S. retail Fresh Step® and Scoop Away® cat litter brands and plastic wraps, food storage bags and containers and trash bags, including the Glad® and GladWare® brands. Prior to this, he worked at Procter & Gamble leading the marketing organization for the Glad Products joint venture since its inception. He worked at Procter & Gamble for 14 years, where he held marketing positions across a range of categories, including home care, in the United States and worldwide. He has been a Director of V.F. Corporation since February 14, 2017 and The Clorox Company since 2014. He serves on the Board of Directors of the Chabot Space & Science Center Foundation in Oakland, Calif. He served as a Member of Board of Directors of The American Cleaning Institute. He served as a Director of Clorox Holdings Pty Limited until October 27, 2014. He served as a Director of Clorox New Zealand Limited from April 01, 2013 to October 2014. Mr. Dorer holds a Basic Degree in Economics from University of Freiburg in Germany and a Graduate degree in Business Administration (Diplom-Kaufmann) from University of Saarbruecken, also in Germany.

CEO Compensation
  • Benno's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Benno's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Clorox management team in years:

2.8
Average Tenure
53
Average Age
  • The tenure for the Clorox management team is about average.
Management Team

Benno Dorer

TITLE
Chairman & CEO
COMPENSATION
$9M
AGE
55
TENURE
5 yrs

Kevin Jacobsen

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
53
TENURE
1.6 yrs

Linda Rendle

TITLE
Executive Vice President of Cleaning
COMPENSATION
$2M
AGE
41
TENURE
0.8 yrs

Laura Stein

TITLE
Executive VP of Corporate Affairs & General Counsel
COMPENSATION
$3M
AGE
57
TENURE
14.8 yrs

Eric Reynolds

TITLE
Executive Vice President of Household & Lifestyle
COMPENSATION
$2M
AGE
49
TENURE
0.8 yrs

Jeff Baker

TITLE
VP, Chief Accounting Officer & Corporate Controller
AGE
50
TENURE
2.8 yrs

Lisah Burhan

TITLE
Vice President of Investor Relations

Bill Bailey

TITLE
Senior Vice President of Corporate & Business Development
AGE
53
TENURE
3.8 yrs

Stacey Grier

TITLE
Senior VP & Chief Marketing Officer
AGE
56
TENURE
0.8 yrs

Kirsten Marriner

TITLE
Executive VP & Chief People Officer
AGE
46
TENURE
3.7 yrs
Board of Directors Tenure

Average tenure and age of the Clorox board of directors in years:

4.3
Average Tenure
62
Average Age
  • The tenure for the Clorox board of directors is about average.
Board of Directors

Benno Dorer

TITLE
Chairman & CEO
COMPENSATION
$9M
AGE
55
TENURE
3.3 yrs

Carolyn Ticknor

TITLE
Independent Director
COMPENSATION
$273K
AGE
72
TENURE
14.8 yrs

Rich Carmona

TITLE
Independent Director
COMPENSATION
$268K
AGE
69
TENURE
12.8 yrs

Spencer Fleischer

TITLE
Independent Director
COMPENSATION
$265K
AGE
65
TENURE
4.3 yrs

Pamela Thomas-Graham

TITLE
Lead Director
COMPENSATION
$303K
AGE
56
TENURE
3.3 yrs

Bob Matschullat

TITLE
Independent Director
COMPENSATION
$253K
AGE
71
TENURE
20.8 yrs

Esther Lee

TITLE
Independent Director
COMPENSATION
$253K
AGE
60
TENURE
6.3 yrs

Chris Williams

TITLE
Independent Director
COMPENSATION
$253K
AGE
61
TENURE
4.3 yrs

David MacKay

TITLE
Independent Director
COMPENSATION
$253K
AGE
63
TENURE
3.3 yrs

Amy Banse

TITLE
Independent Director
COMPENSATION
$253K
AGE
61
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • Clorox individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
09. Sep 19 Sell Diego Barral Individual 05. Sep 19 05. Sep 19 -1,002 €146.49 €-146,781
22. Aug 19 Sell Michael R. Costello Individual 20. Aug 19 20. Aug 19 -1,925 €146.29 €-281,614
08. Aug 19 Sell Allan MacKay Individual 06. Aug 19 06. Aug 19 -3,400 €138.33 €-470,315
06. Aug 19 Sell Diego Barral Individual 02. Aug 19 02. Aug 19 -1,987 €141.88 €-281,911
10. Dec 18 Sell Denise Garner Individual 07. Dec 18 07. Dec 18 -6,751 €142.77 €-963,860
X
Management checks
We assess Clorox's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Clorox has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; and professional cleaning, disinfecting, and food service products under the CloroxPro, Dispatch, Clorox Healthcare, Hidden Valley, and KC Masterpiece brands. It also provides charcoal products under the Kingsford and Match Light brands; bags, wraps, and containers under the Glad brand; cat litter products under the Fresh Step, Scoop Away, and Ever Clean brands; and digestive health products under the RenewLife brand. In addition, the company offers dressings and sauces primarily under the Hidden Valley, KC Masterpiece, Kingsford, and Soy Vay brands; water-filtration systems and filters under the Brita brand; natural personal care products under the Burt’s Bees brand; and dietary supplements under the Rainbow Light, Natural Vitality, and Neocell brands. Further, it markets its products under the PinoLuz, Ayudin, Limpido, Clorinda, Poett, Mistolin, Lestoil, Bon Bril, Agua Jane, and Chux brands. The company sells its products primarily through mass retailers, grocery outlets, warehouse clubs, dollar stores, home hardware centers, third-party and owned e-commerce channels, military stores, and distributors, as well as a direct sales force and medical supply distributors. The Clorox Company was founded in 1913 and is headquartered in Oakland, California.

Details
Name: The Clorox Company
CXX
Exchange: DB
Founded: 1913
$16,600,214,192
125,503,468
Website: http://www.thecloroxcompany.com
Address: The Clorox Company
1221 Broadway,
Oakland,
California, 94612,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CLX Common Stock New York Stock Exchange US USD 01. Aug 1968
DB CXX Common Stock Deutsche Boerse AG DE EUR 01. Aug 1968
LSE 0I0J Common Stock London Stock Exchange GB USD 01. Aug 1968
BOVESPA CLXC34 BDR EACH REP 0.25 COM USD1.00 Bolsa de Valores de Sao Paulo BR BRL 17. May 2019
Number of employees
Current staff
Staff numbers
8,800
Clorox employees.
Industry
Household Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/21 20:39
End of day share price update: 2019/11/21 00:00
Last estimates confirmation: 2019/11/19
Last earnings filing: 2019/10/31
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.