Clear Secure, Inc.

Clear Secure, Inc.

YOUยทNYSE

$56.08

-2.4%
TechnologySoftware - Application

Clear Secure, Inc. provides a member-centric secure identity platform in the United States. The company's secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking. It also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR app, a consumer-facing digital product that facilitates new user enrollment and member engagement from their mobile device. In addition, the company provides Reserve powered by CLEAR, a virtual queuing technology that provides users with the choice of how they queue either at home or on the move; and Atlas Certified, an automated solution to verify professional licenses and certification data across industries by communicating with certifying organizations for on-demand, current, and trusted data. The company was founded in 2010 and is headquartered in New York, New York.

At a Glance

Live Snapshot
Market Cap$5.64B
EPS1.1400
P/E Ratio49.19
Earnings Date08/04/2026
Clear Secure, Inc.

Clear Secure, Inc. Fair Value Envelope

YOU ยท NYSE

Our analysis suggests that YOU has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $56.08, this represents a potential HIDDEN relative to our calculated worth for Clear Secure, Inc..

Intrinsic Value
Current Price: $56.08

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$26.6B
+ Cash & Equivalents$85.7M
Firm Value$26.6B
- Debt$0
Equity Value$26.6B
/ Shares Outstanding95,596,775B
DCF Value$279
UNDERVALUED BY 397%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$450.5M
$544.9M
$659.1M
$797.2M
$964.3M
$1.2B
$1.4B
$1.7B
$2.1B
$2.5B
Maintenance CapEx
-$7.1M
-$8.6M
-$10.4M
-$12.6M
-$15.2M
-$18.4M
-$22.2M
-$26.9M
-$32.5M
-$39.3M
Owner Earnings
$443.4M
$536.3M
$648.7M
$784.6M
$949.1M
$1.1B
$1.4B
$1.7B
$2.0B
$2.5B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$410.6M
$459.8M
$515.0M
$576.7M
$645.9M
$723.4M
$810.2M
$907.4M
$1.0B
$1.1B
Terminal Value represents 72.9% of Enterprise Value