- Shares of Clorox Company have drifted lower in recent months and that has created an opportunity for income-seeking investors.
- Our fair value estimate for Clorox sits at $157 per share, derived through our discounted free cash flow analysis process.
- In our view, Clorox will continue to steadily grow its dividend going forward after pushing through annual dividend increases over the past ~20 consecutive years.
- The company is a great free cash flow generator backed up by a nice portfolio of brands, with over 80% of Clorox's net revenues coming from the US.
- We caution that Clorox has sizable net debt load on the books.
For further details see:
Clorox's Declining Share Price Presents Opportunity For Income Seeking Investors