CIVITAS RESOURCES INC (CIVI) Stock Fundamental Analysis
NYSE:CIVI - US17888H1032 - Common Stock
33.47 USD
+1.2 (+3.72%)
33.53 USD
+0.06 (+0.18%)
CIVI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 208 industry peers in the Oil, Gas & Consumable Fuels industry. CIVI has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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.
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
CIVI's Return On Assets of 4.91% is fine compared to the rest of the industry. CIVI outperforms 62.50% of its industry peers.
The Return On Equity of CIVI (11.14%) is better than 64.42% of its industry peers.
The Return On Invested Capital of CIVI (8.54%) is better than 71.15% of its industry peers.
CIVI had an Average Return On Invested Capital over the past 3 years of 16.04%. This is significantly below the industry average of 23.40%.
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 65.87% of its industry peers.
In the last couple of years the Profit Margin of CIVI has declined.
CIVI has a better Operating Margin (31.21%) than 73.56% of its industry peers.
In the last couple of years the Operating Margin of CIVI has declined.
CIVI has a better Gross Margin (85.46%) than 92.79% 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
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.
CIVI has more shares outstanding than it did 5 years ago.
CIVI has a better debt/assets ratio than last year.
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.
With a Altman-Z score value of 0.96, CIVI perfoms like the industry average, outperforming 44.71% of the companies in the same 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's Debt to Equity ratio of 0.79 is on the low side compared to the rest of the industry. CIVI is outperformed by 65.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 6.25 | ||
| Altman-Z | 0.96 |
ROIC/WACC0.84
WACC10.13%
2.3 Liquidity
A Current Ratio of 0.62 indicates that CIVI may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.62, CIVI is doing worse than 81.25% of the companies in the same industry.
A Quick Ratio of 0.62 indicates that CIVI may have some problems paying its short term obligations.
With a Quick ratio value of 0.62, CIVI is not doing good in the industry: 74.04% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.62 | ||
| Quick Ratio | 0.62 |
3. Growth
3.1 Past
CIVI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.74%.
CIVI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.79% yearly.
The Revenue has been growing slightly by 0.24% in the past year.
Measured over the past years, CIVI shows a very strong growth in Revenue. The Revenue has been growing by 75.45% on average per year.
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 decrease in Earnings Per Share. In the coming years, the EPS will decrease by -8.95% yearly.
The Revenue is expected to decrease by -3.15% on average over the next years.
EPS Next Y-32.33%
EPS Next 2Y-26.06%
EPS Next 3Y-10.45%
EPS Next 5Y-8.95%
Revenue Next Year-11.25%
Revenue Next 2Y-7.77%
Revenue Next 3Y-3.15%
Revenue Next 5YN/A
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 5.13, the valuation of CIVI can be described as very cheap.
CIVI's Price/Earnings ratio is rather cheap when compared to the industry. CIVI is cheaper than 90.38% of the companies in the same industry.
CIVI's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.24.
With a Price/Forward Earnings ratio of 7.14, the valuation of CIVI can be described as very cheap.
CIVI's Price/Forward Earnings ratio is rather cheap when compared to the industry. CIVI is cheaper than 84.62% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CIVI to the average of the S&P500 Index (22.81), we can say CIVI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.13 | ||
| Fwd PE | 7.14 |
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 93.75% of the companies listed in the same industry.
94.71% of the companies in the same industry are more expensive than CIVI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.6 | ||
| EV/EBITDA | 2.39 |
4.3 Compensation for Growth
CIVI has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as CIVI's earnings are expected to decrease with -10.45% in the coming years.
PEG (NY)N/A
PEG (5Y)0.66
EPS Next 2Y-26.06%
EPS Next 3Y-10.45%
5. Dividend
5.1 Amount
CIVI has a Yearly Dividend Yield of 6.20%, which is a nice return.
CIVI's Dividend Yield is a higher than the industry average which is at 6.33.
CIVI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.2% |
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%
33.47
+1.2 (+3.72%)
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 Change11.03%
Market Cap3.10B
Analysts77.14
Price Target43.86 (31.04%)
Short Float %8.94%
Short Ratio3.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.2% |
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)1.45%
PT rev (3m)-11.21%
EPS NQ rev (1m)-10.56%
EPS NQ rev (3m)-37.13%
EPS NY rev (1m)-9.62%
EPS NY rev (3m)-2.26%
Revenue NQ rev (1m)0.5%
Revenue NQ rev (3m)-9.25%
Revenue NY rev (1m)-1.25%
Revenue NY rev (3m)-1.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.13 | ||
| Fwd PE | 7.14 | ||
| P/S | 0.64 | ||
| P/FCF | 3.6 | ||
| P/OCF | 1.14 | ||
| P/B | 0.46 | ||
| P/tB | 0.46 | ||
| EV/EBITDA | 2.39 |
EPS(TTM)6.53
EY19.51%
EPS(NY)4.69
Fwd EY14%
FCF(TTM)9.3
FCFY27.79%
OCF(TTM)29.25
OCFY87.39%
SpS51.97
BVpS73.32
TBVpS73.32
PEG (NY)N/A
PEG (5Y)0.66
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
WACC10.13%
ROIC/WACC0.84
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 5Y-8.95%
Revenue 1Y (TTM)0.24%
Revenue growth 3Y77.53%
Revenue growth 5Y75.45%
Sales Q2Q%-19.48%
Revenue Next Year-11.25%
Revenue Next 2Y-7.77%
Revenue Next 3Y-3.15%
Revenue Next 5YN/A
EBIT growth 1Y-24.5%
EBIT growth 3Y55.9%
EBIT growth 5Y67.69%
EBIT Next Year99.88%
EBIT Next 3Y27.28%
EBIT Next 5Y19.94%
FCF growth 1Y43.77%
FCF growth 3Y94.29%
FCF growth 5YN/A
OCF growth 1Y29.16%
OCF growth 3Y118.52%
OCF growth 5Y66.4%