CALIFORNIA RESOURCES CORP (CRC)

US13057Q3056 - Common Stock

55  +1 (+1.85%)

After market: 56 +1 (+1.82%)

Fundamental Rating

5

Taking everything into account, CRC scores 5 out of 10 in our fundamental rating. CRC was compared to 215 industry peers in the Oil, Gas & Consumable Fuels industry. CRC has only an average score on both its financial health and profitability. CRC is valued correctly, but it does not seem to be growing.



6

1. Profitability

1.1 Basic Checks

In the past year CRC was profitable.
In the past year CRC had a positive cash flow from operations.
Of the past 5 years CRC 4 years were profitable.
In the past 5 years CRC always reported a positive cash flow from operatings.

1.2 Ratios

CRC has a better Return On Assets (11.61%) than 63.55% of its industry peers.
Looking at the Return On Equity, with a value of 22.39%, CRC is in the better half of the industry, outperforming 61.22% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 13.82%, CRC is in the better half of the industry, outperforming 68.22% of the companies in the same industry.
Industry RankSector Rank
ROA 11.61%
ROE 22.39%
ROIC 13.82%
ROA(3y)30.11%
ROA(5y)18.89%
ROE(3y)76.58%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

CRC has a Profit Margin of 16.65%. This is comparable to the rest of the industry: CRC outperforms 50.47% of its industry peers.
The Operating Margin of CRC (23.72%) is comparable to the rest of the industry.
CRC's Operating Margin has improved in the last couple of years.
The Gross Margin of CRC (69.71%) is better than 73.36% of its industry peers.
In the last couple of years the Gross Margin of CRC has grown nicely.
Industry RankSector Rank
OM 23.72%
PM (TTM) 16.65%
GM 69.71%
OM growth 3Y19.64%
OM growth 5Y50.28%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.45%
GM growth 5Y4.74%

6

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.
CRC has less shares outstanding than it did 1 year ago.
CRC has more shares outstanding than it did 5 years ago.
CRC has a better debt/assets ratio than last year.

2.2 Solvency

An Altman-Z score of 2.93 indicates that CRC is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.93, CRC is in the better half of the industry, outperforming 73.36% of the companies in the same industry.
The Debt to FCF ratio of CRC is 1.33, which is an excellent value as it means it would take CRC, only 1.33 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 1.33, CRC is doing good in the industry, outperforming 78.97% of the companies in the same industry.
CRC has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.29, CRC is in the better half of the industry, outperforming 63.08% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 1.33
Altman-Z 2.93
ROIC/WACC1.65
WACC8.39%

2.3 Liquidity

A Current Ratio of 1.34 indicates that CRC should not have too much problems paying its short term obligations.
CRC has a Current ratio of 1.34. This is comparable to the rest of the industry: CRC outperforms 57.48% of its industry peers.
A Quick Ratio of 1.24 indicates that CRC should not have too much problems paying its short term obligations.
CRC has a Quick ratio of 1.24. This is in the better half of the industry: CRC outperforms 63.55% of its industry peers.
Industry RankSector Rank
Current Ratio 1.34
Quick Ratio 1.24

2

3. Growth

3.1 Past

CRC shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.19%.
The Earnings Per Share has been growing by 51.63% 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 3.69% in the last year.
CRC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.18% yearly.
EPS 1Y (TTM)-7.19%
EPS 3Y51.63%
EPS 5YN/A
EPS growth Q2Q-29.66%
Revenue 1Y (TTM)3.69%
Revenue growth 3Y0.92%
Revenue growth 5Y6.18%
Revenue growth Q2Q-59.11%

3.2 Future

Based on estimates for the next years, CRC will show a decrease in Earnings Per Share. The EPS will decrease by -1.01% on average per year.
The Revenue is expected to decrease by -7.66% on average over the next years.
EPS Next Y1.86%
EPS Next 2Y4.06%
EPS Next 3Y-1.01%
EPS Next 5YN/A
Revenue Next Year-9.95%
Revenue Next 2Y-13.33%
Revenue Next 3Y-7.66%
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 decreasing.

5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 10.15, which indicates a very decent valuation of CRC.
The rest of the industry has a similar Price/Earnings ratio as CRC.
When comparing the Price/Earnings ratio of CRC to the average of the S&P500 Index (25.89), we can say CRC is valued rather cheaply.
A Price/Forward Earnings ratio of 10.26 indicates a reasonable valuation of CRC.
CRC's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.57. CRC is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.15
Fwd PE 10.26

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, CRC is valued a bit cheaper than 66.36% of the companies in the same industry.
70.09% of the companies in the same industry are more expensive than CRC, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.54
EV/EBITDA 4.37

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CRC has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.45
PEG (5Y)N/A
EPS Next 2Y4.06%
EPS Next 3Y-1.01%

3

5. Dividend

5.1 Amount

CRC has a Yearly Dividend Yield of 2.26%.
CRC's Dividend Yield is comparable with the industry average which is at 6.37.
Compared to an average S&P500 Dividend Yield of 2.45, CRC has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.26%

5.2 History

CRC has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2

5.3 Sustainability

CRC pays out 17.21% of its income as dividend. This is a sustainable payout ratio.
DP17.21%
EPS Next 2Y4.06%
EPS Next 3Y-1.01%

CALIFORNIA RESOURCES CORP

NYSE:CRC (2/27/2024, 7:25:55 PM)

After market: 56 +1 (+1.82%)

55

+1 (+1.85%)

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 Cap3.77B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 2.26%
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)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 10.15
Fwd PE 10.26
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)5.45
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 11.61%
ROE 22.39%
ROCE
ROIC
ROICexc
ROICexgc
OM 23.72%
PM (TTM) 16.65%
GM 69.71%
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 RankSector Rank
Debt/Equity 0.29
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 1.34
Quick Ratio 1.24
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)-7.19%
EPS 3Y51.63%
EPS 5Y
EPS growth Q2Q
EPS Next Y1.86%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.69%
Revenue growth 3Y0.92%
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