CIVITAS RESOURCES INC (CIVI) Stock Fundamental Analysis
USA - NYSE:CIVI - US17888H1032 - Common Stock
29.48 USD
-3.46 (-10.5%)
29.55 USD
+0.07 (+0.24%)
CIVI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 211 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of CIVI while its profitability can be described as average. CIVI is cheap, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
CIVI had positive earnings in the past year.
In the past year CIVI had a positive cash flow from operations.
In the past 5 years CIVI has always been profitable.
Each year in the past 5 years CIVI had a positive operating cash flow.
1.2 Ratios
CIVI's Return On Assets of 4.91% is fine compared to the rest of the industry. CIVI outperforms 63.98% of its industry peers.
CIVI has a better Return On Equity (11.14%) than 64.45% of its industry peers.
CIVI has a Return On Invested Capital of 8.54%. This is in the better half of the industry: CIVI outperforms 72.99% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CIVI is significantly below the industry average of 21.57%.
The last Return On Invested Capital (8.54%) for CIVI is well below the 3 year average (16.04%), which needs to be investigated, but indicates that CIVI had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.91% | ||
| ROE | 11.14% | ||
| ROIC | 8.54% |
ROA(3y)8.94%
ROA(5y)7.65%
ROE(3y)16.19%
ROE(5y)12.46%
ROIC(3y)16.04%
ROIC(5y)11.52%
1.3 Margins
CIVI has a better Profit Margin (15.72%) than 67.30% of its industry peers.
In the last couple of years the Profit Margin of CIVI has declined.
The Operating Margin of CIVI (31.21%) is better than 75.36% of its industry peers.
CIVI's Operating Margin has declined in the last couple of years.
CIVI has a Gross Margin of 85.46%. This is amongst the best in the industry. CIVI outperforms 92.42% of its industry peers.
CIVI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.21% | ||
| PM (TTM) | 15.72% | ||
| GM | 85.46% |
OM growth 3Y-12.18%
OM growth 5Y-4.42%
PM growth 3Y-5.72%
PM growth 5Y-5.54%
GM growth 3Y-1.66%
GM growth 5Y-0.03%
2. Health
2.1 Basic Checks
CIVI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
CIVI has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for CIVI has been increased compared to 5 years ago.
Compared to 1 year ago, CIVI has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.96, we must say that CIVI is in the distress zone and has some risk of bankruptcy.
CIVI has a Altman-Z score (0.96) which is comparable to the rest of the industry.
CIVI has a debt to FCF ratio of 6.25. This is a slightly negative value and a sign of low solvency as CIVI would need 6.25 years to pay back of all of its debts.
CIVI has a Debt to FCF ratio (6.25) which is in line with its industry peers.
A Debt/Equity ratio of 0.79 indicates that CIVI is somewhat dependend on debt financing.
CIVI has a worse Debt to Equity ratio (0.79) than 65.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 6.25 | ||
| Altman-Z | 0.96 |
ROIC/WACC0.89
WACC9.6%
2.3 Liquidity
CIVI has a Current Ratio of 0.62. This is a bad value and indicates that CIVI is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.62, CIVI is not doing good in the industry: 81.52% of the companies in the same industry are doing better.
CIVI has a Quick Ratio of 0.62. This is a bad value and indicates that CIVI is not financially healthy enough and could expect problems in meeting its short term obligations.
CIVI has a worse Quick ratio (0.62) than 74.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.62 | ||
| Quick Ratio | 0.62 |
3. Growth
3.1 Past
The earnings per share for CIVI have decreased strongly by -38.74% in the last year.
The Earnings Per Share has been growing slightly by 7.79% on average over the past years.
Looking at the last year, CIVI shows a small growth in Revenue. The Revenue has grown by 0.24% in the last year.
The Revenue has been growing by 75.45% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-38.74%
EPS 3Y30.46%
EPS 5Y7.79%
EPS Q2Q%-51.94%
Revenue 1Y (TTM)0.24%
Revenue growth 3Y77.53%
Revenue growth 5Y75.45%
Sales Q2Q%-19.48%
3.2 Future
CIVI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.61% yearly.
The Revenue is expected to decrease by -1.21% on average over the next years.
EPS Next Y-35.15%
EPS Next 2Y-26.78%
EPS Next 3Y-9.25%
EPS Next 5Y3.61%
Revenue Next Year-11.85%
Revenue Next 2Y-8.15%
Revenue Next 3Y-3.15%
Revenue Next 5Y-1.21%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 4.51 indicates a rather cheap valuation of CIVI.
CIVI's Price/Earnings ratio is rather cheap when compared to the industry. CIVI is cheaper than 91.47% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.02. CIVI is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 6.42, the valuation of CIVI can be described as very cheap.
88.15% of the companies in the same industry are more expensive than CIVI, based on the Price/Forward Earnings ratio.
CIVI's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.51 | ||
| Fwd PE | 6.42 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CIVI indicates a rather cheap valuation: CIVI is cheaper than 93.84% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CIVI indicates a rather cheap valuation: CIVI is cheaper than 94.79% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.17 | ||
| EV/EBITDA | 2.38 |
4.3 Compensation for Growth
The decent profitability rating of CIVI may justify a higher PE ratio.
A cheap valuation may be justified as CIVI's earnings are expected to decrease with -9.25% in the coming years.
PEG (NY)N/A
PEG (5Y)0.58
EPS Next 2Y-26.78%
EPS Next 3Y-9.25%
5. Dividend
5.1 Amount
CIVI has a Yearly Dividend Yield of 5.94%, which is a nice return.
Compared to an average industry Dividend Yield of 6.07, CIVI pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, CIVI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.94% |
5.2 History
CIVI has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
38.77% of the earnings are spent on dividend by CIVI. This is a low number and sustainable payout ratio.
DP38.77%
EPS Next 2Y-26.78%
EPS Next 3Y-9.25%
29.48
-3.46 (-10.5%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners112.11%
Inst Owner Change0%
Ins Owners0.88%
Ins Owner Change11.25%
Market Cap2.73B
Analysts74.55
Price Target42.33 (43.59%)
Short Float %9.59%
Short Ratio3.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.94% |
Yearly Dividend5.26
Dividend Growth(5Y)N/A
DP38.77%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.48%
Min EPS beat(2)-9.02%
Max EPS beat(2)6.06%
EPS beat(4)1
Avg EPS beat(4)-4.21%
Min EPS beat(4)-11.77%
Max EPS beat(4)6.06%
EPS beat(8)3
Avg EPS beat(8)-3.3%
EPS beat(12)4
Avg EPS beat(12)0%
EPS beat(16)6
Avg EPS beat(16)-4.6%
Revenue beat(2)0
Avg Revenue beat(2)-4.34%
Min Revenue beat(2)-6.46%
Max Revenue beat(2)-2.21%
Revenue beat(4)0
Avg Revenue beat(4)-4.34%
Min Revenue beat(4)-6.46%
Max Revenue beat(4)-2.21%
Revenue beat(8)2
Avg Revenue beat(8)-3.34%
Revenue beat(12)5
Avg Revenue beat(12)-0.34%
Revenue beat(16)9
Avg Revenue beat(16)6.11%
PT rev (1m)-3.49%
PT rev (3m)-0.28%
EPS NQ rev (1m)-0.63%
EPS NQ rev (3m)-16.38%
EPS NY rev (1m)-4.18%
EPS NY rev (3m)-9.24%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.4%
Revenue NY rev (1m)-0.68%
Revenue NY rev (3m)-1.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.51 | ||
| Fwd PE | 6.42 | ||
| P/S | 0.57 | ||
| P/FCF | 3.17 | ||
| P/OCF | 1.01 | ||
| P/B | 0.4 | ||
| P/tB | 0.4 | ||
| EV/EBITDA | 2.38 |
EPS(TTM)6.53
EY22.15%
EPS(NY)4.59
Fwd EY15.58%
FCF(TTM)9.3
FCFY31.55%
OCF(TTM)29.25
OCFY99.21%
SpS51.97
BVpS73.32
TBVpS73.32
PEG (NY)N/A
PEG (5Y)0.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.91% | ||
| ROE | 11.14% | ||
| ROCE | 10.96% | ||
| ROIC | 8.54% | ||
| ROICexc | 8.59% | ||
| ROICexgc | 8.59% | ||
| OM | 31.21% | ||
| PM (TTM) | 15.72% | ||
| GM | 85.46% | ||
| FCFM | 17.9% |
ROA(3y)8.94%
ROA(5y)7.65%
ROE(3y)16.19%
ROE(5y)12.46%
ROIC(3y)16.04%
ROIC(5y)11.52%
ROICexc(3y)17.54%
ROICexc(5y)12.5%
ROICexgc(3y)17.54%
ROICexgc(5y)12.5%
ROCE(3y)20.58%
ROCE(5y)14.78%
ROICexcg growth 3Y17.11%
ROICexcg growth 5Y2.69%
ROICexc growth 3Y17.11%
ROICexc growth 5Y2.69%
OM growth 3Y-12.18%
OM growth 5Y-4.42%
PM growth 3Y-5.72%
PM growth 5Y-5.54%
GM growth 3Y-1.66%
GM growth 5Y-0.03%
F-Score5
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 6.25 | ||
| Debt/EBITDA | 1.53 | ||
| Cap/Depr | 91.74% | ||
| Cap/Sales | 38.38% | ||
| Interest Coverage | 3.65 | ||
| Cash Conversion | 77.04% | ||
| Profit Quality | 113.87% | ||
| Current Ratio | 0.62 | ||
| Quick Ratio | 0.62 | ||
| Altman-Z | 0.96 |
F-Score5
WACC9.6%
ROIC/WACC0.89
Cap/Depr(3y)134.44%
Cap/Depr(5y)108.13%
Cap/Sales(3y)40.46%
Cap/Sales(5y)33.41%
Profit Quality(3y)89.88%
Profit Quality(5y)85.9%
High Growth Momentum
Growth
EPS 1Y (TTM)-38.74%
EPS 3Y30.46%
EPS 5Y7.79%
EPS Q2Q%-51.94%
EPS Next Y-35.15%
EPS Next 2Y-26.78%
EPS Next 3Y-9.25%
EPS Next 5Y3.61%
Revenue 1Y (TTM)0.24%
Revenue growth 3Y77.53%
Revenue growth 5Y75.45%
Sales Q2Q%-19.48%
Revenue Next Year-11.85%
Revenue Next 2Y-8.15%
Revenue Next 3Y-3.15%
Revenue Next 5Y-1.21%
EBIT growth 1Y-24.5%
EBIT growth 3Y55.9%
EBIT growth 5Y67.69%
EBIT Next Year99.13%
EBIT Next 3Y28.05%
EBIT Next 5Y17.4%
FCF growth 1Y43.77%
FCF growth 3Y94.29%
FCF growth 5YN/A
OCF growth 1Y29.16%
OCF growth 3Y118.52%
OCF growth 5Y66.4%