Clear Secure Inc. YOU

Name: YOU Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored March 14, 2026

Price at analysis: $54.77

Crucible Score

62.7

C+

Quality × Value Composite

KQI — Quality

72.5

Fundamental Quality Index

KVI — Value

50.7

C-

Valuation Attractiveness Index

Crucible Verdict — YOU

Clear Secure Inc. (YOU) shows solid operational fundamentals with strong financial quality (83) and growth profile (81), but trades at a discount to fair value despite decent execution. The company's poor diversification score (33) and insider selling activity highlight concentration risk in its core business model. YOU appears undervalued at current levels, making it attractive for investors comfortable with single-business exposure.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

82.7

Growth Profile⚠

81.4

Moat Durability

71.3

Management Effectiveness

72.1

Diversification & Resilience

33.2

Market Position

62.0

Weakest dimension: Diversification & Resilience (33.2)

◆ KVI Value Dimensions

DCF Margin of Safety

59.9

FCF Yield & Cash Returns

50.0

Relative Valuation

50.0

Growth-Adjusted Value

35.0

Historical Valuation

50.0

Macro Context

50.0

◆ DCF Valuation Scenarios

Bear Case

$38.52

Base Case

$62.14

Bull Case

$95.83

Price at Analysis

$54.77

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$38.52	10.0%	22.0%	10.5%
🟢 Base	$62.14	14.0%	25.0%	9.9%
🟢 Bull	$95.83	18.0%	28.0%	9.3%

Key Assumptions: YOU has demonstrated explosive revenue growth from $254M to $901M over 5 years (~37% CAGR) with rapidly improving margins from -45% to +21% operating margin, reflecting strong operating leverage in a SaaS/software model. Growth is assumed to decelerate materially from historical rates as the company scales, with base case 14% 5-year CAGR tapering to mid-single digits by year 10. WACC of ~10% reflects the 1.10 beta with a 5.5% ERP, and FCF conversion remains strong given low capex intensity (~3.5% of revenue) consistent with software economics.

◆ Financial Snapshot

Profitability

Gross Margin85.8%

Operating Margin20.7%

Net Margin12.1%

ROIC26.8%

ROE10.9%

Balance Sheet

Balance SheetCR: 1.01

Cash ConversionFCF/EPS: 3.16x

Capital IntensityCapex/Rev: 3.3%

Altman Z-Score3.70 (Safe)

Piotroski F-Score5/9 (Mixed)

Growth

Revenue CAGR37.2% CAGR

Earnings CAGR97.1% CAGR

Growth ConsistencyCV: 0.67

Segment BreadthNo data

Quarterly TrendMargin↑, Cash↓, WC↓

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEO Ownership82.8%

Compensation92% performance-based

Insider ActivitySelling

Capital AllocationROIC 26.8% vs WACC 10.6%

Earnings Beat Rate64% (10/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted March 14, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.