CALIFORNIA RESOURCES CORP (CRC) Stock Fundamental Analysis
USA - NYSE:CRC - US13057Q3056 - Common Stock
55 USD
-2.58 (-4.48%)
54.999 USD
0 (0%)
Overall CRC gets a fundamental rating of 6 out of 10. We evaluated CRC against 210 industry peers in the Oil, Gas & Consumable Fuels industry. CRC has an excellent profitability rating, but there are some minor concerns on its financial health. CRC has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
CRC had positive earnings in the past year.
CRC had a positive operating cash flow in the past year.
CRC had positive earnings in each of the past 5 years.
Each year in the past 5 years CRC had a positive operating cash flow.
1.2 Ratios
CRC has a Return On Assets of 9.91%. This is amongst the best in the industry. CRC outperforms 87.14% of its industry peers.
The Return On Equity of CRC (19.52%) is better than 84.76% of its industry peers.
With an excellent Return On Invested Capital value of 14.94%, CRC belongs to the best of the industry, outperforming 91.90% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CRC is significantly below the industry average of 21.66%.
The 3 year average ROIC (14.73%) for CRC is below the current ROIC(14.94%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.91% | ||
| ROE | 19.52% | ||
| ROIC | 14.94% |
ROA(3y)10.86%
ROA(5y)21.94%
ROE(3y)21.39%
ROE(5y)53.16%
ROIC(3y)14.73%
ROIC(5y)N/A
1.3 Margins
CRC has a better Profit Margin (16.14%) than 68.57% of its industry peers.
In the last couple of years the Profit Margin of CRC has declined.
Looking at the Operating Margin, with a value of 28.30%, CRC is in the better half of the industry, outperforming 69.52% of the companies in the same industry.
CRC's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 69.78%, CRC belongs to the best of the industry, outperforming 80.48% 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 | 28.3% | ||
| PM (TTM) | 16.14% | ||
| GM | 69.78% |
OM growth 3Y27.28%
OM growth 5Y7.28%
PM growth 3Y-28.67%
PM growth 5YN/A
GM growth 3Y3.65%
GM growth 5Y1.12%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CRC is creating some value.
Compared to 1 year ago, CRC has more shares outstanding
CRC has more shares outstanding than it did 5 years ago.
The debt/assets ratio for CRC is higher compared to a year ago.
2.2 Solvency
CRC has an Altman-Z score of 2.38. This is not the best score and indicates that CRC is in the grey zone with still only limited risk for bankruptcy at the moment.
CRC's Altman-Z score of 2.38 is fine compared to the rest of the industry. CRC outperforms 74.76% of its industry peers.
CRC has a debt to FCF ratio of 2.02. This is a good value and a sign of high solvency as CRC would need 2.02 years to pay back of all of its debts.
CRC has a Debt to FCF ratio of 2.02. This is amongst the best in the industry. CRC outperforms 82.38% of its industry peers.
CRC has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.26, CRC is in the better half of the industry, outperforming 66.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 2.02 | ||
| Altman-Z | 2.38 |
ROIC/WACC1.71
WACC8.76%
2.3 Liquidity
CRC has a Current Ratio of 0.78. This is a bad value and indicates that CRC is not financially healthy enough and could expect problems in meeting its short term obligations.
CRC has a Current ratio of 0.78. This is in the lower half of the industry: CRC underperforms 68.57% of its industry peers.
CRC has a Quick Ratio of 0.78. This is a bad value and indicates that CRC is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.68, CRC is doing worse than 70.48% of the companies in the same industry.
The current and quick ratio evaluation for CRC is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 38.79% over the past year.
CRC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.50% yearly.
Looking at the last year, CRC shows a very strong growth in Revenue. The Revenue has grown by 91.27%.
CRC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.96% yearly.
EPS 1Y (TTM)38.79%
EPS 3Y-14.99%
EPS 5Y21.5%
EPS Q2Q%83.33%
Revenue 1Y (TTM)91.27%
Revenue growth 3Y19.18%
Revenue growth 5Y3.96%
Sales Q2Q%90.27%
3.2 Future
The Earnings Per Share is expected to grow by 4.64% on average over the next years.
Based on estimates for the next years, CRC will show a small growth in Revenue. The Revenue will grow by 2.22% on average per year.
EPS Next Y6.54%
EPS Next 2Y-9.87%
EPS Next 3Y-0.48%
EPS Next 5Y4.64%
Revenue Next Year16.64%
Revenue Next 2Y2.5%
Revenue Next 3Y2.22%
Revenue Next 5YN/A
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
With a Price/Earnings ratio of 12.01, CRC is valued correctly.
Based on the Price/Earnings ratio, CRC is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.38, CRC is valued rather cheaply.
CRC is valuated rather expensively with a Price/Forward Earnings ratio of 18.01.
CRC's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.86. CRC is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.01 | ||
| Fwd PE | 18.01 |
4.2 Price Multiples
88.57% of the companies in the same industry are more expensive than CRC, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CRC indicates a somewhat cheap valuation: CRC is cheaper than 79.05% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.22 | ||
| EV/EBITDA | 3.25 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of CRC may justify a higher PE ratio.
PEG (NY)1.84
PEG (5Y)0.56
EPS Next 2Y-9.87%
EPS Next 3Y-0.48%
5. Dividend
5.1 Amount
CRC has a Yearly Dividend Yield of 2.69%.
Compared to an average industry Dividend Yield of 6.00, CRC has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, CRC has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.69% |
5.2 History
CRC has been paying a dividend for over 5 years, so it has already some track record.
CRC has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
21.05% of the earnings are spent on dividend by CRC. This is a low number and sustainable payout ratio.
DP21.05%
EPS Next 2Y-9.87%
EPS Next 3Y-0.48%
55
-2.58 (-4.48%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners93.06%
Inst Owner Change3.93%
Ins Owners0.69%
Ins Owner Change3.55%
Market Cap4.60B
Analysts82.35
Price Target62.39 (13.44%)
Short Float %3.31%
Short Ratio2.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.69% |
Yearly Dividend1.41
Dividend Growth(5Y)N/A
DP21.05%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)27.59%
Min EPS beat(2)19.85%
Max EPS beat(2)35.33%
EPS beat(4)3
Avg EPS beat(4)14.83%
Min EPS beat(4)-6.92%
Max EPS beat(4)35.33%
EPS beat(8)6
Avg EPS beat(8)11.25%
EPS beat(12)8
Avg EPS beat(12)6.5%
EPS beat(16)10
Avg EPS beat(16)11.48%
Revenue beat(2)2
Avg Revenue beat(2)14.09%
Min Revenue beat(2)4.8%
Max Revenue beat(2)23.39%
Revenue beat(4)3
Avg Revenue beat(4)15.8%
Min Revenue beat(4)-3.28%
Max Revenue beat(4)38.28%
Revenue beat(8)5
Avg Revenue beat(8)9.01%
Revenue beat(12)8
Avg Revenue beat(12)14.45%
Revenue beat(16)11
Avg Revenue beat(16)11.53%
PT rev (1m)4.41%
PT rev (3m)6.22%
EPS NQ rev (1m)10.19%
EPS NQ rev (3m)36.29%
EPS NY rev (1m)0%
EPS NY rev (3m)9.65%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)9.98%
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.01 | ||
| Fwd PE | 18.01 | ||
| P/S | 1.12 | ||
| P/FCF | 9.22 | ||
| P/OCF | 5.92 | ||
| P/B | 1.35 | ||
| P/tB | 1.35 | ||
| EV/EBITDA | 3.25 |
EPS(TTM)4.58
EY8.33%
EPS(NY)3.05
Fwd EY5.55%
FCF(TTM)5.96
FCFY10.84%
OCF(TTM)9.29
OCFY16.88%
SpS49.24
BVpS40.71
TBVpS40.71
PEG (NY)1.84
PEG (5Y)0.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.91% | ||
| ROE | 19.52% | ||
| ROCE | 20.16% | ||
| ROIC | 14.94% | ||
| ROICexc | 15.13% | ||
| ROICexgc | 15.13% | ||
| OM | 28.3% | ||
| PM (TTM) | 16.14% | ||
| GM | 69.78% | ||
| FCFM | 12.11% |
ROA(3y)10.86%
ROA(5y)21.94%
ROE(3y)21.39%
ROE(5y)53.16%
ROIC(3y)14.73%
ROIC(5y)N/A
ROICexc(3y)16.58%
ROICexc(5y)N/A
ROICexgc(3y)16.58%
ROICexgc(5y)N/A
ROCE(3y)19.88%
ROCE(5y)N/A
ROICexcg growth 3Y17.49%
ROICexcg growth 5Y13.2%
ROICexc growth 3Y17.49%
ROICexc growth 5Y13.2%
OM growth 3Y27.28%
OM growth 5Y7.28%
PM growth 3Y-28.67%
PM growth 5YN/A
GM growth 3Y3.65%
GM growth 5Y1.12%
F-Score8
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 2.02 | ||
| Debt/EBITDA | 0.52 | ||
| Cap/Depr | 51.39% | ||
| Cap/Sales | 6.75% | ||
| Interest Coverage | 11 | ||
| Cash Conversion | 45.52% | ||
| Profit Quality | 75.04% | ||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.68 | ||
| Altman-Z | 2.38 |
F-Score8
WACC8.76%
ROIC/WACC1.71
Cap/Depr(3y)113.12%
Cap/Depr(5y)88.68%
Cap/Sales(3y)9.53%
Cap/Sales(5y)8.37%
Profit Quality(3y)78.91%
Profit Quality(5y)63.2%
High Growth Momentum
Growth
EPS 1Y (TTM)38.79%
EPS 3Y-14.99%
EPS 5Y21.5%
EPS Q2Q%83.33%
EPS Next Y6.54%
EPS Next 2Y-9.87%
EPS Next 3Y-0.48%
EPS Next 5Y4.64%
Revenue 1Y (TTM)91.27%
Revenue growth 3Y19.18%
Revenue growth 5Y3.96%
Sales Q2Q%90.27%
Revenue Next Year16.64%
Revenue Next 2Y2.5%
Revenue Next 3Y2.22%
Revenue Next 5YN/A
EBIT growth 1Y277.35%
EBIT growth 3Y51.69%
EBIT growth 5Y11.52%
EBIT Next Year120.46%
EBIT Next 3Y30.36%
EBIT Next 5Y19.89%
FCF growth 1Y0%
FCF growth 3Y-8.67%
FCF growth 5Y9.94%
OCF growth 1Y1.3%
OCF growth 3Y-2.59%
OCF growth 5Y-2.03%