CIVITAS RESOURCES INC (CIVI) Stock Fundamental Analysis
USA - NYSE:CIVI - US17888H1032 - Common Stock
30.8 USD
-1.11 (-3.48%)
30.87 USD
+0.07 (+0.23%)
Taking everything into account, CIVI scores 5 out of 10 in our fundamental rating. CIVI was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. While CIVI is still in line with the averages on profitability rating, there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on CIVI.
1. Profitability
1.1 Basic Checks
In the past year CIVI was profitable.
CIVI had a positive operating cash flow in the past year.
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
With a decent Return On Assets value of 4.91%, CIVI is doing good in the industry, outperforming 63.33% of the companies in the same industry.
With a decent Return On Equity value of 11.14%, CIVI is doing good in the industry, outperforming 64.29% of the companies in the same industry.
With a decent Return On Invested Capital value of 8.54%, CIVI is doing good in the industry, outperforming 72.38% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CIVI is significantly below the industry average of 21.66%.
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
Looking at the Profit Margin, with a value of 15.72%, CIVI is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Profit Margin of CIVI has declined.
With a decent Operating Margin value of 31.21%, CIVI is doing good in the industry, outperforming 75.24% of the companies in the same industry.
CIVI's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 85.46%, CIVI belongs to the best of the industry, outperforming 92.38% of the companies in the same industry.
In the last couple of years the Gross Margin of CIVI has remained more or less at the same level.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CIVI is creating some value.
The number of shares outstanding for CIVI remains at a similar level compared to 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 0.95, we must say that CIVI is in the distress zone and has some risk of bankruptcy.
CIVI's Altman-Z score of 0.95 is in line compared to the rest of the industry. CIVI outperforms 44.76% of its industry peers.
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.
CIVI has a Debt/Equity ratio of 0.79. This is a neutral value indicating CIVI is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.79, CIVI is doing worse than 64.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 6.25 | ||
| Altman-Z | 0.95 |
ROIC/WACC0.89
WACC9.57%
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.
CIVI has a Current ratio of 0.62. This is amonst the worse of the industry: CIVI underperforms 80.48% of its industry peers.
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 Quick ratio of 0.62. This is in the lower half of the industry: CIVI underperforms 73.81% 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
The Earnings Per Share is expected to grow by 3.42% on average over the next years.
CIVI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.00% yearly.
EPS Next Y-32.33%
EPS Next 2Y-26.06%
EPS Next 3Y-10.45%
EPS Next 5Y3.42%
Revenue Next Year-11.74%
Revenue Next 2Y-7.84%
Revenue Next 3Y-3.15%
Revenue Next 5Y0%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 4.72 indicates a rather cheap valuation of CIVI.
Based on the Price/Earnings ratio, CIVI is valued cheaper than 92.38% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.38. CIVI is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 6.57, the valuation of CIVI can be described as very cheap.
87.62% 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 22.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.72 | ||
| Fwd PE | 6.57 |
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 93.81% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CIVI is valued cheaper than 95.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.31 | ||
| EV/EBITDA | 2.35 |
4.3 Compensation for Growth
The decent profitability rating of CIVI may justify a higher PE ratio.
CIVI's earnings are expected to decrease with -10.45% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.61
EPS Next 2Y-26.06%
EPS Next 3Y-10.45%
5. Dividend
5.1 Amount
CIVI has a Yearly Dividend Yield of 6.09%, which is a nice return.
CIVI's Dividend Yield is a higher than the industry average which is at 6.18.
CIVI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.09% |
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
CIVI pays out 38.77% of its income as dividend. This is a sustainable payout ratio.
DP38.77%
EPS Next 2Y-26.06%
EPS Next 3Y-10.45%
30.8
-1.11 (-3.48%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners108.23%
Inst Owner Change4.34%
Ins Owners0.94%
Ins Owner Change11.25%
Market Cap2.85B
Analysts75.45
Price Target42.69 (38.6%)
Short Float %11.06%
Short Ratio4.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.09% |
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)-2.31%
PT rev (3m)0.03%
EPS NQ rev (1m)-11.2%
EPS NQ rev (3m)-42.83%
EPS NY rev (1m)-9.62%
EPS NY rev (3m)-2.26%
Revenue NQ rev (1m)-0.99%
Revenue NQ rev (3m)-10.74%
Revenue NY rev (1m)-2%
Revenue NY rev (3m)-2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.72 | ||
| Fwd PE | 6.57 | ||
| P/S | 0.59 | ||
| P/FCF | 3.31 | ||
| P/OCF | 1.05 | ||
| P/B | 0.42 | ||
| P/tB | 0.42 | ||
| EV/EBITDA | 2.35 |
EPS(TTM)6.53
EY21.2%
EPS(NY)4.69
Fwd EY15.21%
FCF(TTM)9.3
FCFY30.2%
OCF(TTM)29.25
OCFY94.96%
SpS51.97
BVpS73.32
TBVpS73.32
PEG (NY)N/A
PEG (5Y)0.61
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 | 0.95 |
F-Score5
WACC9.57%
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-32.33%
EPS Next 2Y-26.06%
EPS Next 3Y-10.45%
EPS Next 5Y3.42%
Revenue 1Y (TTM)0.24%
Revenue growth 3Y77.53%
Revenue growth 5Y75.45%
Sales Q2Q%-19.48%
Revenue Next Year-11.74%
Revenue Next 2Y-7.84%
Revenue Next 3Y-3.15%
Revenue Next 5Y0%
EBIT growth 1Y-24.5%
EBIT growth 3Y55.9%
EBIT growth 5Y67.69%
EBIT Next Year99.88%
EBIT Next 3Y27.28%
EBIT Next 5Y18.86%
FCF growth 1Y43.77%
FCF growth 3Y94.29%
FCF growth 5YN/A
OCF growth 1Y29.16%
OCF growth 3Y118.52%
OCF growth 5Y66.4%