Clear Secure, Inc. logo YOU - Clear Secure, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 4
HOLD 4
SELL 1
STRONG
SELL
0
| PRICE TARGET: $61.75 DETAILS
HIGH: $70.00
LOW: $55.00
MEDIAN: $61.00
CONSENSUS: $61.75
UPSIDE: 39.30%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Undervalued Strong
Trading 67.7% below fair value
Current Price $44.33
Bear Case $80.94 82.6% upside ($80.94 - $44.33) / $44.33 = 82.6% 11% stage 1 growth, 11% discount
Fair Value $137.16 209.4% upside ($137.16 - $44.33) / $44.33 = 209.4% 19% stage 1 growth, 11% discount
Bull Case $205.78 364.2% upside ($205.78 - $44.33) / $44.33 = 364.2% 24% stage 1 growth, 11% discount

Adjust Assumptions

18.8%
11.0%
3.0%

Key Value Driver

FCF growth rate (19% base case)

Terminal Value % of EV 45%
Implied Market Multiple 12.0x
Market is pricing in (growth) 2.0% vs our 18.8% base

Plain-Language Summary

Using a two-stage FCF DCF with 19% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $137.16 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (9 analysts) $61.75
Analyst Range $55.00 – $70.00
Divergence from AlphaVal 122%

Warnings

Stock-based employee pay equals 36% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $61.75 (from 9 analysts). Our estimate is 122% above the consensus -- consider that gap carefully.

Key Risks

  • P/E alone misleads — earnings depressed by growth investment
  • Cyclical or commodity businesses may be misclassified as platforms
  • Terminal value dominance suggests sensitivity to long-run assumptions