CALIFORNIA RESOURCES CORP (CRC) Stock Fundamental Analysis
NYSE:CRC - New York Stock Exchange, Inc. - US13057Q3056 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to CRC. CRC was compared to 213 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of CRC get a neutral evaluation. Nothing too spectacular is happening here. 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.
In the past 5 years CRC has always been profitable.
CRC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.34%, CRC is in the better half of the industry, outperforming 74.18% of the companies in the same industry.
CRC's Return On Equity of 14.25% is fine compared to the rest of the industry. CRC outperforms 69.95% of its industry peers.
Looking at the Return On Invested Capital, with a value of 11.73%, CRC belongs to the top of the industry, outperforming 84.04% of the companies in the same industry.
CRC had an Average Return On Invested Capital over the past 3 years of 14.73%. This is significantly below the industry average of 23.54%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.34% | ||
| ROE | 14.25% | ||
| ROIC | 11.73% |
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 Profit Margin of 13.70%. This is in the better half of the industry: CRC outperforms 63.38% of its industry peers.
In the last couple of years the Profit Margin of CRC has declined.
With a Operating Margin value of 25.38%, CRC perfoms like the industry average, outperforming 59.62% of the companies in the same industry.
In the last couple of years the Operating Margin of CRC has grown nicely.
The Gross Margin of CRC (69.75%) is better than 77.93% of its industry peers.
CRC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.38% | ||
| PM (TTM) | 13.7% | ||
| GM | 69.75% |
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
CRC has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
CRC has more shares outstanding than it did 1 year ago.
The number of shares outstanding for CRC has been increased compared to 5 years ago.
Compared to 1 year ago, CRC has a worse debt to assets ratio.
2.2 Solvency
CRC has an Altman-Z score of 2.07. 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.
Looking at the Altman-Z score, with a value of 2.07, CRC is in the better half of the industry, outperforming 67.14% of the companies in the same industry.
CRC has a debt to FCF ratio of 2.23. This is a good value and a sign of high solvency as CRC would need 2.23 years to pay back of all of its debts.
The Debt to FCF ratio of CRC (2.23) is better than 81.22% of its industry peers.
CRC has a Debt/Equity ratio of 0.25. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.25, CRC is doing good in the industry, outperforming 67.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 2.23 | ||
| Altman-Z | 2.07 |
ROIC/WACC1.35
WACC8.69%
2.3 Liquidity
CRC has a Current Ratio of 0.83. 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 worse Current ratio (0.83) than 68.08% of its industry peers.
CRC has a Quick Ratio of 0.83. 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 0.74, CRC is doing worse than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.83 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
CRC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.32%, which is quite impressive.
Measured over the past years, CRC shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.50% on average per year.
Looking at the last year, CRC shows a very strong growth in Revenue. The Revenue has grown by 63.87%.
CRC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.96% yearly.
EPS 1Y (TTM)26.32%
EPS 3Y-14.99%
EPS 5Y21.5%
EPS Q2Q%42.67%
Revenue 1Y (TTM)63.87%
Revenue growth 3Y19.18%
Revenue growth 5Y3.96%
Sales Q2Q%100.88%
3.2 Future
Based on estimates for the next years, CRC will show a small growth in Earnings Per Share. The EPS will grow by 4.64% on average per year.
CRC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.99% yearly.
EPS Next Y-2.84%
EPS Next 2Y-4.47%
EPS Next 3Y4.33%
EPS Next 5Y4.64%
Revenue Next Year8.19%
Revenue Next 2Y2.71%
Revenue Next 3Y2.99%
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 11.42, the valuation of CRC can be described as very reasonable.
69.01% of the companies in the same industry are more expensive than CRC, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.34. CRC is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 13.58, CRC is valued correctly.
CRC's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.03. CRC is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.42 | ||
| Fwd PE | 13.58 |
4.2 Price Multiples
CRC's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CRC is cheaper than 84.51% of the companies in the same industry.
CRC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CRC is cheaper than 77.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.18 | ||
| EV/EBITDA | 3.55 |
4.3 Compensation for Growth
The decent profitability rating of CRC may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.53
EPS Next 2Y-4.47%
EPS Next 3Y4.33%
5. Dividend
5.1 Amount
CRC has a Yearly Dividend Yield of 3.37%.
CRC's Dividend Yield is comparable with the industry average which is at 6.42.
CRC's Dividend Yield is a higher than the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.37% |
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
CRC pays out 25.35% of its income as dividend. This is a sustainable payout ratio.
DP25.35%
EPS Next 2Y-4.47%
EPS Next 3Y4.33%
46.61
+0.56 (+1.22%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners92.38%
Inst Owner Change-3.83%
Ins Owners0.7%
Ins Owner Change16.32%
Market Cap4.16B
Analysts81.18
Price Target58.74 (26.02%)
Short Float %6.29%
Short Ratio5.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.37% |
Yearly Dividend1.41
Dividend Growth(5Y)N/A
DP25.35%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)14.2%
Min EPS beat(2)-6.92%
Max EPS beat(2)35.33%
EPS beat(4)2
Avg EPS beat(4)6.92%
Min EPS beat(4)-11.8%
Max EPS beat(4)35.33%
EPS beat(8)5
Avg EPS beat(8)5.46%
EPS beat(12)7
Avg EPS beat(12)1.22%
EPS beat(16)10
Avg EPS beat(16)11%
Revenue beat(2)1
Avg Revenue beat(2)0.76%
Min Revenue beat(2)-3.28%
Max Revenue beat(2)4.8%
Revenue beat(4)3
Avg Revenue beat(4)12.64%
Min Revenue beat(4)-3.28%
Max Revenue beat(4)38.28%
Revenue beat(8)5
Avg Revenue beat(8)7.22%
Revenue beat(12)8
Avg Revenue beat(12)16.1%
Revenue beat(16)10
Avg Revenue beat(16)8.65%
PT rev (1m)-1.11%
PT rev (3m)-16.02%
EPS NQ rev (1m)-1.43%
EPS NQ rev (3m)6.06%
EPS NY rev (1m)7.31%
EPS NY rev (3m)-4.1%
Revenue NQ rev (1m)-3.44%
Revenue NQ rev (3m)-4.88%
Revenue NY rev (1m)-0.84%
Revenue NY rev (3m)-3.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.42 | ||
| Fwd PE | 13.58 | ||
| P/S | 1.14 | ||
| P/FCF | 9.18 | ||
| P/OCF | 5.86 | ||
| P/B | 1.18 | ||
| P/tB | 1.18 | ||
| EV/EBITDA | 3.55 |
EPS(TTM)4.08
EY8.75%
EPS(NY)3.43
Fwd EY7.36%
FCF(TTM)5.08
FCFY10.9%
OCF(TTM)7.95
OCFY17.06%
SpS41
BVpS39.43
TBVpS39.43
PEG (NY)N/A
PEG (5Y)0.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.34% | ||
| ROE | 14.25% | ||
| ROCE | 15.82% | ||
| ROIC | 11.73% | ||
| ROICexc | 12.17% | ||
| ROICexgc | 12.17% | ||
| OM | 25.38% | ||
| PM (TTM) | 13.7% | ||
| GM | 69.75% | ||
| FCFM | 12.39% |
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-Score7
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 2.23 | ||
| Debt/EBITDA | 0.64 | ||
| Cap/Depr | 54.94% | ||
| Cap/Sales | 7% | ||
| Interest Coverage | 13.45 | ||
| Cash Conversion | 50.86% | ||
| Profit Quality | 90.42% | ||
| Current Ratio | 0.83 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 2.07 |
F-Score7
WACC8.69%
ROIC/WACC1.35
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)26.32%
EPS 3Y-14.99%
EPS 5Y21.5%
EPS Q2Q%42.67%
EPS Next Y-2.84%
EPS Next 2Y-4.47%
EPS Next 3Y4.33%
EPS Next 5Y4.64%
Revenue 1Y (TTM)63.87%
Revenue growth 3Y19.18%
Revenue growth 5Y3.96%
Sales Q2Q%100.88%
Revenue Next Year8.19%
Revenue Next 2Y2.71%
Revenue Next 3Y2.99%
Revenue Next 5YN/A
EBIT growth 1Y136.13%
EBIT growth 3Y51.69%
EBIT growth 5Y11.52%
EBIT Next Year116.43%
EBIT Next 3Y29.9%
EBIT Next 5Y19.89%
FCF growth 1Y-11.7%
FCF growth 3Y-8.67%
FCF growth 5Y9.94%
OCF growth 1Y-15.6%
OCF growth 3Y-2.59%
OCF growth 5Y-2.03%