CALIFORNIA RESOURCES CORP (CRC) Stock Fundamental Analysis
NYSE:CRC - New York Stock Exchange, Inc. - US13057Q3056 - Common Stock - Currency: USD
Overall CRC gets a fundamental rating of 5 out of 10. We evaluated CRC against 209 industry peers in the Oil, Gas & Consumable Fuels industry. CRC scores excellent on profitability, but there are some minor concerns on its financial health. CRC has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
CRC had positive earnings in the past year.
In the past year CRC had a positive cash flow from operations.
Each year in the past 5 years CRC has been profitable.
In the past 5 years CRC always reported a positive cash flow from operatings.
1.2 Ratios
CRC's Return On Assets of 9.91% is amongst the best of the industry. CRC outperforms 84.21% of its industry peers.
CRC has a better Return On Equity (19.52%) than 83.73% of its industry peers.
With an excellent Return On Invested Capital value of 14.94%, CRC belongs to the best of the industry, outperforming 89.95% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CRC is significantly below the industry average of 23.52%.
The last Return On Invested Capital (14.94%) for CRC is above the 3 year average (14.73%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 16.14%, CRC is in the better half of the industry, outperforming 66.99% of the companies in the same industry.
CRC's Profit Margin has declined in the last couple of years.
CRC's Operating Margin of 28.30% is fine compared to the rest of the industry. CRC outperforms 65.55% of its industry peers.
CRC's Operating Margin has improved in the last couple of years.
CRC has a Gross Margin of 69.78%. This is in the better half of the industry: CRC outperforms 79.90% of its industry peers.
In the last couple of years the Gross Margin of CRC has remained more or less at the same level.
| 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
CRC has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, CRC has more shares outstanding
Compared to 5 years ago, CRC has more shares outstanding
The debt/assets ratio for CRC is higher compared to a year ago.
2.2 Solvency
CRC has an Altman-Z score of 2.33. 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 2.33 is fine compared to the rest of the industry. CRC outperforms 73.21% 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.
Looking at the Debt to FCF ratio, with a value of 2.02, CRC belongs to the top of the industry, outperforming 82.30% of the companies in the same industry.
CRC has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.26, CRC is doing good in the industry, outperforming 67.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 2.02 | ||
| Altman-Z | 2.33 |
ROIC/WACC1.63
WACC9.18%
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 68.42% 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 has a worse Quick ratio (0.68) than 69.38% 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 38.79%, which is quite impressive.
The Earnings Per Share has been growing by 21.50% on average over the past years. This is a very strong growth
The Revenue has grown by 91.27% in the past year. This is a very strong growth!
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
CRC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.64% yearly.
The Revenue is expected to grow by 2.73% on average over the next years.
EPS Next Y-1.1%
EPS Next 2Y-2.75%
EPS Next 3Y5.9%
EPS Next 5Y4.64%
Revenue Next Year8.88%
Revenue Next 2Y2.02%
Revenue Next 3Y2.73%
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
A Price/Earnings ratio of 10.53 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 73.21% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.87. CRC is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 13.56, 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 35.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.53 | ||
| Fwd PE | 13.56 |
4.2 Price Multiples
87.56% of the companies in the same industry are more expensive than CRC, based on the Enterprise Value to EBITDA ratio.
CRC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CRC is cheaper than 79.90% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.62 | ||
| EV/EBITDA | 3.07 |
4.3 Compensation for Growth
The decent profitability rating of CRC may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.49
EPS Next 2Y-2.75%
EPS Next 3Y5.9%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.16%, CRC has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.29, CRC has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, CRC pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.16% |
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 21.05% of its income as dividend. This is a sustainable payout ratio.
DP21.05%
EPS Next 2Y-2.75%
EPS Next 3Y5.9%
48.23
-0.76 (-1.55%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners93.06%
Inst Owner Change3.92%
Ins Owners0.69%
Ins Owner Change14.97%
Market Cap4.30B
Analysts82.35
Price Target59.76 (23.91%)
Short Float %4.01%
Short Ratio3.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.16% |
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)1.74%
PT rev (3m)0.61%
EPS NQ rev (1m)19.14%
EPS NQ rev (3m)10.59%
EPS NY rev (1m)0%
EPS NY rev (3m)9.23%
Revenue NQ rev (1m)4.13%
Revenue NQ rev (3m)-3.12%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)-0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.53 | ||
| Fwd PE | 13.56 | ||
| P/S | 1.04 | ||
| P/FCF | 8.62 | ||
| P/OCF | 5.54 | ||
| P/B | 1.26 | ||
| P/tB | 1.26 | ||
| EV/EBITDA | 3.07 |
EPS(TTM)4.58
EY9.5%
EPS(NY)3.56
Fwd EY7.37%
FCF(TTM)5.6
FCFY11.6%
OCF(TTM)8.71
OCFY18.06%
SpS46.2
BVpS38.2
TBVpS38.2
PEG (NY)N/A
PEG (5Y)0.49
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 | 2.33 |
F-Score8
WACC9.18%
ROIC/WACC1.63
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 Y-1.1%
EPS Next 2Y-2.75%
EPS Next 3Y5.9%
EPS Next 5Y4.64%
Revenue 1Y (TTM)91.27%
Revenue growth 3Y19.18%
Revenue growth 5Y3.96%
Sales Q2Q%90.27%
Revenue Next Year8.88%
Revenue Next 2Y2.02%
Revenue Next 3Y2.73%
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%