CALIFORNIA RESOURCES CORP (CRC)
US13057Q3056 - Common Stock
Taking everything into account, CRC scores 6 out of 10 in our fundamental rating. CRC was compared to 214 industry peers in the Oil, Gas & Consumable Fuels industry. While CRC has a great health rating, its profitability is only average at the moment. CRC is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CRC was profitable.
CRC had a positive operating cash flow in the past year.
Of the past 5 years CRC 4 years were profitable.
CRC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of CRC (14.11%) is better than 78.87% of its industry peers.
CRC has a better Return On Equity (25.42%) than 72.30% of its industry peers.
The Return On Invested Capital of CRC (16.61%) is better than 79.81% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CRC is significantly below the industry average of 45.92%.
The last Return On Invested Capital (16.61%) for CRC is above the 3 year average (13.15%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.11% | ||
| ROE | 25.42% | ||
| ROIC | 16.61% |
ROA(3y)14.41%
ROA(5y)20.81%
ROE(3y)29.93%
ROE(5y)N/A
ROIC(3y)13.15%
ROIC(5y)N/A
1.3 Margins
CRC's Profit Margin of 20.14% is in line compared to the rest of the industry. CRC outperforms 56.34% of its industry peers.
CRC's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 27.81%, CRC is in line with its industry, outperforming 55.40% of the companies in the same industry.
CRC's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 70.65%, CRC is in the better half of the industry, outperforming 74.65% of the companies in the same industry.
CRC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.81% | ||
| PM (TTM) | 20.14% | ||
| GM | 70.65% |
OM growth 3YN/A
OM growth 5Y2.07%
PM growth 3Y-44.95%
PM growth 5Y13.96%
GM growth 3Y5.65%
GM growth 5Y0.12%
2. Health
2.1 Basic Checks
CRC has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for CRC has been reduced compared to 1 year ago.
CRC has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CRC has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.23 indicates that CRC is not in any danger for bankruptcy at the moment.
CRC has a better Altman-Z score (3.23) than 75.12% of its industry peers.
The Debt to FCF ratio of CRC is 1.15, which is an excellent value as it means it would take CRC, only 1.15 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.15, CRC belongs to the best of the industry, outperforming 83.10% of the companies in the same industry.
CRC has a Debt/Equity ratio of 0.24. This is a healthy value indicating a solid balance between debt and equity.
CRC's Debt to Equity ratio of 0.24 is fine compared to the rest of the industry. CRC outperforms 65.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 1.15 | ||
| Altman-Z | 3.23 |
ROIC/WACC1.88
WACC8.86%
2.3 Liquidity
CRC has a Current Ratio of 1.51. This is a normal value and indicates that CRC is financially healthy and should not expect problems in meeting its short term obligations.
CRC has a better Current ratio (1.51) than 66.20% of its industry peers.
A Quick Ratio of 1.39 indicates that CRC should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.39, CRC is doing good in the industry, outperforming 69.01% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.51 | ||
| Quick Ratio | 1.39 |
3. Growth
3.1 Past
CRC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.23%.
The Earnings Per Share has been growing by 32.95% on average over the past years. This is a very strong growth
Looking at the last year, CRC shows a small growth in Revenue. The Revenue has grown by 3.47% in the last year.
CRC shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.78% yearly.
EPS 1Y (TTM)3.23%
EPS 3Y-41.55%
EPS 5Y32.95%
EPS growth Q2Q-25%
Revenue 1Y (TTM)3.47%
Revenue growth 3Y21.57%
Revenue growth 5Y-1.78%
Revenue growth Q2Q6.45%
3.2 Future
The Earnings Per Share is expected to grow by 10.17% on average over the next years. This is quite good.
Based on estimates for the next years, CRC will show a quite strong growth in Revenue. The Revenue will grow by 8.78% on average per year.
EPS Next Y-7.1%
EPS Next 2Y13.28%
EPS Next 3Y10.17%
EPS Next 5YN/A
Revenue Next Year23.09%
Revenue Next 2Y18.92%
Revenue Next 3Y8.78%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 10.74, the valuation of CRC can be described as reasonable.
CRC's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 24.92, CRC is valued rather cheaply.
A Price/Forward Earnings ratio of 11.57 indicates a reasonable valuation of CRC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CRC is on the same level as its industry peers.
CRC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.49, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.74 | ||
| Fwd PE | 11.57 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CRC is valued a bit cheaper than the industry average as 79.34% of the companies are valued more expensively.
CRC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CRC is cheaper than 70.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.13 | ||
| EV/EBITDA | 3.86 |
4.3 Compensation for Growth
The decent profitability rating of CRC may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.33
EPS Next 2Y13.28%
EPS Next 3Y10.17%
5. Dividend
5.1 Amount
CRC has a Yearly Dividend Yield of 2.31%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 5.78, CRC has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.43, CRC has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.31% |
5.2 History
CRC has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
CRC pays out 14.36% of its income as dividend. This is a sustainable payout ratio.
DP14.36%
EPS Next 2Y13.28%
EPS Next 3Y10.17%
CALIFORNIA RESOURCES CORP
NYSE:CRC (4/26/2024, 7:04:00 PM)
After market: 54.9 0 (0%)54.9
-0.36 (-0.65%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.80B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.31% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.74 | ||
| Fwd PE | 11.57 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.11% | ||
| ROE | 25.42% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 27.81% | ||
| PM (TTM) | 20.14% | ||
| GM | 70.65% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.51 | ||
| Quick Ratio | 1.39 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)3.23%
EPS 3Y-41.55%
EPS 5Y
EPS growth Q2Q
EPS Next Y-7.1%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.47%
Revenue growth 3Y21.57%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y