CIVITAS RESOURCES INC (CIVI) Stock Fundamental Analysis
NYSE:CIVI - New York Stock Exchange, Inc. - US17888H1032 - Common Stock - Currency: USD
Taking everything into account, CIVI scores 5 out of 10 in our fundamental rating. CIVI was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. CIVI has a medium profitability rating, but doesn't score so well on its financial health evaluation. CIVI is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
CIVI had positive earnings in the past year.
In the past year CIVI had a positive cash flow from operations.
In the past 5 years CIVI has always been profitable.
In the past 5 years CIVI always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of CIVI (5.54%) is better than 63.03% of its industry peers.
CIVI's Return On Equity of 12.66% is fine compared to the rest of the industry. CIVI outperforms 65.88% of its industry peers.
CIVI's Return On Invested Capital of 10.10% is fine compared to the rest of the industry. CIVI outperforms 76.30% of its industry peers.
CIVI had an Average Return On Invested Capital over the past 3 years of 16.04%. This is significantly below the industry average of 23.70%.
The last Return On Invested Capital (10.10%) for CIVI is well below the 3 year average (16.04%), which needs to be investigated, but indicates that CIVI had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.54% | ||
| ROE | 12.66% | ||
| ROIC | 10.1% |
ROA(3y)8.94%
ROA(5y)7.65%
ROE(3y)16.19%
ROE(5y)12.46%
ROIC(3y)16.04%
ROIC(5y)11.52%
1.3 Margins
CIVI has a Profit Margin of 16.74%. This is in the better half of the industry: CIVI outperforms 68.72% of its industry peers.
In the last couple of years the Profit Margin of CIVI has declined.
CIVI has a better Operating Margin (34.56%) than 76.78% of its industry peers.
In the last couple of years the Operating Margin of CIVI has declined.
CIVI has a Gross Margin of 86.81%. This is amongst the best in the industry. CIVI outperforms 93.84% of its industry peers.
CIVI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.56% | ||
| PM (TTM) | 16.74% | ||
| GM | 86.81% |
OM growth 3Y-12.18%
OM growth 5Y-4.42%
PM growth 3Y-5.72%
PM growth 5Y-5.54%
GM growth 3Y-1.66%
GM growth 5Y-0.03%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CIVI is creating some value.
The number of shares outstanding for CIVI remains at a similar level compared to 1 year ago.
Compared to 5 years ago, CIVI has more shares outstanding
Compared to 1 year ago, CIVI has an improved debt to assets ratio.
2.2 Solvency
CIVI has an Altman-Z score of 0.99. This is a bad value and indicates that CIVI is not financially healthy and even has some risk of bankruptcy.
CIVI has a Altman-Z score (0.99) which is comparable to the rest of the industry.
CIVI has a debt to FCF ratio of 5.79. This is a neutral value as CIVI would need 5.79 years to pay back of all of its debts.
The Debt to FCF ratio of CIVI (5.79) is better than 61.14% of its industry peers.
CIVI has a Debt/Equity ratio of 0.76. This is a neutral value indicating CIVI is somewhat dependend on debt financing.
CIVI has a Debt to Equity ratio of 0.76. This is in the lower half of the industry: CIVI underperforms 63.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 5.79 | ||
| Altman-Z | 0.99 |
ROIC/WACC1
WACC10.11%
2.3 Liquidity
A Current Ratio of 0.52 indicates that CIVI may have some problems paying its short term obligations.
CIVI has a worse Current ratio (0.52) than 83.89% of its industry peers.
A Quick Ratio of 0.52 indicates that CIVI may have some problems paying its short term obligations.
CIVI has a Quick ratio of 0.52. This is amonst the worse of the industry: CIVI underperforms 80.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
The earnings per share for CIVI have decreased strongly by -25.49% in the last year.
Measured over the past 5 years, CIVI shows a small growth in Earnings Per Share. The EPS has been growing by 7.79% on average per year.
The Revenue has grown by 22.14% in the past year. This is a very strong growth!
CIVI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 75.45% yearly.
EPS 1Y (TTM)-25.49%
EPS 3Y30.46%
EPS 5Y7.79%
EPS Q2Q%-35.4%
Revenue 1Y (TTM)22.14%
Revenue growth 3Y77.53%
Revenue growth 5Y75.45%
Sales Q2Q%-10.17%
3.2 Future
CIVI is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -15.08% yearly.
CIVI is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -2.54% yearly.
EPS Next Y-28.55%
EPS Next 2Y-22.42%
EPS Next 3Y-10.1%
EPS Next 5Y-15.08%
Revenue Next Year-10.37%
Revenue Next 2Y-5.77%
Revenue Next 3Y-2.54%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 3.91, which indicates a rather cheap valuation of CIVI.
Compared to the rest of the industry, the Price/Earnings ratio of CIVI indicates a rather cheap valuation: CIVI is cheaper than 94.31% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.45, CIVI is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 5.76, the valuation of CIVI can be described as very cheap.
Based on the Price/Forward Earnings ratio, CIVI is valued cheaply inside the industry as 90.52% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 21.90. CIVI is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.91 | ||
| Fwd PE | 5.76 |
4.2 Price Multiples
CIVI's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CIVI is cheaper than 95.73% of the companies in the same industry.
92.89% of the companies in the same industry are more expensive than CIVI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.13 | ||
| EV/EBITDA | 2.07 |
4.3 Compensation for Growth
CIVI has a very decent profitability rating, which may justify a higher PE ratio.
CIVI's earnings are expected to decrease with -10.10% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.5
EPS Next 2Y-22.42%
EPS Next 3Y-10.1%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.02%, CIVI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.66, CIVI pays a bit more dividend than its industry peers.
CIVI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.02% |
5.2 History
CIVI has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
CIVI pays out 46.58% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP46.58%
EPS Next 2Y-22.42%
EPS Next 3Y-10.1%
29.72
+0.12 (+0.41%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners108.41%
Inst Owner Change3.79%
Ins Owners0.94%
Ins Owner Change11.06%
Market Cap2.75B
Analysts75.24
Price Target42.45 (42.83%)
Short Float %8.95%
Short Ratio3.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.02% |
Yearly Dividend5.26
Dividend Growth(5Y)N/A
DP46.58%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.85%
Min EPS beat(2)-11.77%
Max EPS beat(2)6.06%
EPS beat(4)1
Avg EPS beat(4)-9.02%
Min EPS beat(4)-28.25%
Max EPS beat(4)6.06%
EPS beat(8)3
Avg EPS beat(8)-3.08%
EPS beat(12)5
Avg EPS beat(12)2.12%
EPS beat(16)6
Avg EPS beat(16)-4.51%
Revenue beat(2)0
Avg Revenue beat(2)-2.43%
Min Revenue beat(2)-2.65%
Max Revenue beat(2)-2.21%
Revenue beat(4)0
Avg Revenue beat(4)-3.83%
Min Revenue beat(4)-6.05%
Max Revenue beat(4)-2.21%
Revenue beat(8)3
Avg Revenue beat(8)-2.5%
Revenue beat(12)6
Avg Revenue beat(12)2.78%
Revenue beat(16)10
Avg Revenue beat(16)7.3%
PT rev (1m)-14.07%
PT rev (3m)-39.56%
EPS NQ rev (1m)4.8%
EPS NQ rev (3m)-23.74%
EPS NY rev (1m)3.19%
EPS NY rev (3m)-38.03%
Revenue NQ rev (1m)0.62%
Revenue NQ rev (3m)-7.11%
Revenue NY rev (1m)-0.46%
Revenue NY rev (3m)-5.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.91 | ||
| Fwd PE | 5.76 | ||
| P/S | 0.54 | ||
| P/FCF | 3.13 | ||
| P/OCF | 0.99 | ||
| P/B | 0.41 | ||
| P/tB | 0.41 | ||
| EV/EBITDA | 2.07 |
EPS(TTM)7.6
EY25.57%
EPS(NY)5.16
Fwd EY17.35%
FCF(TTM)9.5
FCFY31.96%
OCF(TTM)29.94
OCFY100.73%
SpS54.78
BVpS72.42
TBVpS72.42
PEG (NY)N/A
PEG (5Y)0.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.54% | ||
| ROE | 12.66% | ||
| ROCE | 12.96% | ||
| ROIC | 10.1% | ||
| ROICexc | 10.12% | ||
| ROICexgc | 10.12% | ||
| OM | 34.56% | ||
| PM (TTM) | 16.74% | ||
| GM | 86.81% | ||
| FCFM | 17.34% |
ROA(3y)8.94%
ROA(5y)7.65%
ROE(3y)16.19%
ROE(5y)12.46%
ROIC(3y)16.04%
ROIC(5y)11.52%
ROICexc(3y)17.54%
ROICexc(5y)12.5%
ROICexgc(3y)17.54%
ROICexgc(5y)12.5%
ROCE(3y)20.58%
ROCE(5y)14.78%
ROICexcg growth 3Y17.11%
ROICexcg growth 5Y2.69%
ROICexc growth 3Y17.11%
ROICexc growth 5Y2.69%
OM growth 3Y-12.18%
OM growth 5Y-4.42%
PM growth 3Y-5.72%
PM growth 5Y-5.54%
GM growth 3Y-1.66%
GM growth 5Y-0.03%
F-Score7
Asset Turnover0.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 5.79 | ||
| Debt/EBITDA | 1.35 | ||
| Cap/Depr | 93.01% | ||
| Cap/Sales | 37.31% | ||
| Interest Coverage | 4.25 | ||
| Cash Conversion | 73.18% | ||
| Profit Quality | 103.59% | ||
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 | ||
| Altman-Z | 0.99 |
F-Score7
WACC10.11%
ROIC/WACC1
Cap/Depr(3y)134.44%
Cap/Depr(5y)108.13%
Cap/Sales(3y)40.46%
Cap/Sales(5y)33.41%
Profit Quality(3y)89.88%
Profit Quality(5y)85.9%
High Growth Momentum
Growth
EPS 1Y (TTM)-25.49%
EPS 3Y30.46%
EPS 5Y7.79%
EPS Q2Q%-35.4%
EPS Next Y-28.55%
EPS Next 2Y-22.42%
EPS Next 3Y-10.1%
EPS Next 5Y-15.08%
Revenue 1Y (TTM)22.14%
Revenue growth 3Y77.53%
Revenue growth 5Y75.45%
Sales Q2Q%-10.17%
Revenue Next Year-10.37%
Revenue Next 2Y-5.77%
Revenue Next 3Y-2.54%
Revenue Next 5YN/A
EBIT growth 1Y-0.27%
EBIT growth 3Y55.9%
EBIT growth 5Y67.69%
EBIT Next Year99.81%
EBIT Next 3Y26.97%
EBIT Next 5Y18.05%
FCF growth 1Y-37.93%
FCF growth 3Y94.29%
FCF growth 5YN/A
OCF growth 1Y11.61%
OCF growth 3Y118.52%
OCF growth 5Y66.4%