Clarivate Plc: Investor Discussion

Clarivate Plc

TMT


Presented:02/09/2022
Price:$16.53
Cap:$11.35B
Current Price:$6.75
Cap:$4.89B

Presented

Date02/09/2022
Price$16.53
Market Cap$11.35B
Ent Value$16.46B
P/E RatioN/A
Book Value$14.85
Div Yield0%
Shares O/S686.69M
Ave Daily Vol5,272,471
Short Int7.85%

Current

Price$6.75
Market Cap$4.89B
Clarivate Plc engages in the provision of trusted insights and analytics to accelerate the pace of innovation. It operates through the Science and Intellectual Property segments. The Science segment comprises the academic and life science product lines. The Intellectual Property segment includes patent, trademark, domain, and IP management product lines. The company was founded in 1864 and is headquartered in London.
On Wednesday, February 9th, we held a discussion with five investors on Clarivate PLC (CLVT), which is down ~30% YTD after the company restated financial results and lowered its organic growth guidance from 7% - 8% to ~4.5%. The investors agree that CLVT has the potential to reaccelerate organic growth and continue rolling up other companies but frustration with management is increasing as they do not seem to have a good grasp on what is negatively impacting the business and the underlying growth going forward. The group has varying views on the reacceleration of organic growth ranging from 4% to 7% and price targets ranging from $30 to the low $40s.
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