CALIFORNIA RESOURCES CORP (CRC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CRC - US13057Q3056 - Common Stock
47.74 USD
+0.31 (+0.65%)
47.74 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to CRC. CRC was compared to 209 industry peers in the Oil, Gas & Consumable Fuels industry. While CRC has a great profitability rating, there are some minor concerns on its financial health. CRC may be a bit undervalued, certainly considering the very reasonable score on growth
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
The Return On Assets of CRC (9.91%) is better than 88.52% of its industry peers.
CRC's Return On Equity of 19.52% is amongst the best of the industry. CRC outperforms 87.08% of its industry peers.
CRC has a Return On Invested Capital of 14.94%. This is amongst the best in the industry. CRC outperforms 94.26% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CRC is significantly below the industry average of 21.47%.
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 Profit Margin of 16.14%. This is in the better half of the industry: CRC outperforms 67.94% of its industry peers.
CRC's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 28.30%, CRC is doing good in the industry, outperforming 70.33% of the companies in the same industry.
In the last couple of years the Operating Margin of CRC has grown nicely.
CRC has a better Gross Margin (69.78%) than 78.47% of its industry peers.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CRC is still creating some value.
The number of shares outstanding for CRC has been increased compared to 1 year ago.
CRC has more shares outstanding than it did 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 2.22. 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.
The Altman-Z score of CRC (2.22) is better than 69.86% of its industry peers.
The Debt to FCF ratio of CRC is 2.02, which is a good value as it means it would take CRC, 2.02 years of fcf income to pay off all of its debts.
CRC's Debt to FCF ratio of 2.02 is amongst the best of the industry. CRC outperforms 83.25% of its industry peers.
A Debt/Equity ratio of 0.26 indicates that CRC is not too dependend on debt financing.
CRC's Debt to Equity ratio of 0.26 is fine compared to the rest of the industry. CRC outperforms 65.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 2.02 | ||
| Altman-Z | 2.22 |
ROIC/WACC1.71
WACC8.74%
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 worse Current ratio (0.78) than 68.42% 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.
CRC's Quick ratio of 0.68 is on the low side compared to the rest of the industry. CRC is outperformed by 68.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
CRC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.11%, which is quite impressive.
CRC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.50% yearly.
CRC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.17%.
CRC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.96% yearly.
EPS 1Y (TTM)20.11%
EPS 3Y-14.99%
EPS 5Y21.5%
EPS Q2Q%-2.67%
Revenue 1Y (TTM)14.17%
Revenue growth 3Y19.18%
Revenue growth 5Y3.96%
Sales Q2Q%-36.81%
3.2 Future
The Earnings Per Share is expected to grow by 2.15% 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 7.38% on average per year.
EPS Next Y9.03%
EPS Next 2Y-11.63%
EPS Next 3Y0.75%
EPS Next 5Y2.15%
Revenue Next Year16.84%
Revenue Next 2Y8.53%
Revenue Next 3Y7.38%
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.
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
A Price/Earnings ratio of 10.52 indicates a reasonable valuation of CRC.
Compared to the rest of the industry, the Price/Earnings ratio of CRC indicates a somewhat cheap valuation: CRC is cheaper than 77.99% of the companies listed in the same industry.
CRC is valuated cheaply when we compare the Price/Earnings ratio to 26.37, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 16.26, CRC is valued correctly.
CRC's Price/Forward Earnings ratio is in line with the industry average.
CRC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.20.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.52 | ||
| Fwd PE | 16.26 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CRC is valued cheaply inside the industry as 92.34% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, CRC is valued cheaply inside the industry as 87.08% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.43 | ||
| EV/EBITDA | 2.72 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of CRC may justify a higher PE ratio.
PEG (NY)1.16
PEG (5Y)0.49
EPS Next 2Y-11.63%
EPS Next 3Y0.75%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.45%, CRC has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 5.93, CRC has a dividend in line with its industry peers.
CRC's Dividend Yield is a higher than the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.45% |
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-11.63%
EPS Next 3Y0.75%
47.74
+0.31 (+0.65%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners101.22%
Inst Owner Change1.73%
Ins Owners0.75%
Ins Owner Change14.4%
Market Cap3.71B
Revenue(TTM)3.20B
Net Income(TTM)665.00M
Analysts82.35
Price Target67.83 (42.08%)
Short Float %4.57%
Short Ratio3.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.45% |
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)-1.55%
PT rev (3m)10.07%
EPS NQ rev (1m)0.58%
EPS NQ rev (3m)1.19%
EPS NY rev (1m)1.11%
EPS NY rev (3m)2.34%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)-2.47%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.52 | ||
| Fwd PE | 16.26 | ||
| P/S | 0.9 | ||
| P/FCF | 7.43 | ||
| P/OCF | 4.77 | ||
| P/B | 1.09 | ||
| P/tB | 1.09 | ||
| EV/EBITDA | 2.72 |
EPS(TTM)4.54
EY9.51%
EPS(NY)2.94
Fwd EY6.15%
FCF(TTM)6.43
FCFY13.47%
OCF(TTM)10.01
OCFY20.97%
SpS53.09
BVpS43.9
TBVpS43.9
PEG (NY)1.16
PEG (5Y)0.49
Graham Number66.96
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
ROICexgc growth 3Y17.49%
ROICexgc 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 | 2.22 |
F-Score8
WACC8.74%
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)20.11%
EPS 3Y-14.99%
EPS 5Y21.5%
EPS Q2Q%-2.67%
EPS Next Y9.03%
EPS Next 2Y-11.63%
EPS Next 3Y0.75%
EPS Next 5Y2.15%
Revenue 1Y (TTM)14.17%
Revenue growth 3Y19.18%
Revenue growth 5Y3.96%
Sales Q2Q%-36.81%
Revenue Next Year16.84%
Revenue Next 2Y8.53%
Revenue Next 3Y7.38%
Revenue Next 5YN/A
EBIT growth 1Y277.35%
EBIT growth 3Y51.69%
EBIT growth 5Y11.52%
EBIT Next Year134.54%
EBIT Next 3Y31.11%
EBIT Next 5Y21.09%
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%
CALIFORNIA RESOURCES CORP / CRC FAQ
What is the fundamental rating for CRC stock?
ChartMill assigns a fundamental rating of 6 / 10 to CRC.
What is the valuation status of CALIFORNIA RESOURCES CORP (CRC) stock?
ChartMill assigns a valuation rating of 7 / 10 to CALIFORNIA RESOURCES CORP (CRC). This can be considered as Undervalued.
What is the profitability of CRC stock?
CALIFORNIA RESOURCES CORP (CRC) has a profitability rating of 7 / 10.
What is the financial health of CALIFORNIA RESOURCES CORP (CRC) stock?
The financial health rating of CALIFORNIA RESOURCES CORP (CRC) is 4 / 10.
Can you provide the dividend sustainability for CRC stock?
The dividend rating of CALIFORNIA RESOURCES CORP (CRC) is 4 / 10 and the dividend payout ratio is 21.05%.