CIVITAS RESOURCES INC (CIVI)
US17888H1032 - Common Stock
CIVI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 204 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.
CIVI had a positive operating cash flow in the past year.
Each year in the past 5 years CIVI has been profitable.
In the past 5 years CIVI always reported a positive cash flow from operatings.
1.2 Ratios
CIVI has a Return On Assets of 6.60%. This is comparable to the rest of the industry: CIVI outperforms 57.14% of its industry peers.
CIVI's Return On Equity of 14.85% is in line compared to the rest of the industry. CIVI outperforms 59.61% of its industry peers.
With a decent Return On Invested Capital value of 11.52%, CIVI is doing good in the industry, outperforming 69.95% of the companies in the same industry.
CIVI had an Average Return On Invested Capital over the past 3 years of 14.31%. This is significantly below the industry average of 22.54%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.6% | ||
| ROE | 14.85% | ||
| ROIC | 11.52% |
ROA(3y)7.96%
ROA(5y)7.64%
ROE(3y)13.25%
ROE(5y)11.36%
ROIC(3y)14.31%
ROIC(5y)11.08%
1.3 Margins
With a decent Profit Margin value of 19.65%, CIVI is doing good in the industry, outperforming 64.04% of the companies in the same industry.
CIVI's Profit Margin has declined in the last couple of years.
CIVI has a Operating Margin of 38.28%. This is in the better half of the industry: CIVI outperforms 76.35% of its industry peers.
In the last couple of years the Operating Margin of CIVI has declined.
With an excellent Gross Margin value of 88.87%, CIVI belongs to the best of the industry, outperforming 94.09% of the companies in the same industry.
In the last couple of years the Gross Margin of CIVI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.28% | ||
| PM (TTM) | 19.65% | ||
| GM | 88.87% |
OM growth 3Y36.85%
OM growth 5Y-2.68%
PM growth 3Y-21.97%
PM growth 5Y-18%
GM growth 3Y2.72%
GM growth 5Y1.52%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CIVI is creating value.
The number of shares outstanding for CIVI has been increased compared to 1 year ago.
The number of shares outstanding for CIVI has been increased compared to 5 years ago.
CIVI has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.16, we must say that CIVI is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.16, CIVI is in line with its industry, outperforming 41.87% of the companies in the same industry.
The Debt to FCF ratio of CIVI is 1.20, which is an excellent value as it means it would take CIVI, only 1.20 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.20, CIVI belongs to the top of the industry, outperforming 83.74% of the companies in the same industry.
CIVI has a Debt/Equity ratio of 0.73. This is a neutral value indicating CIVI is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.73, CIVI is doing worse than 65.52% of the companies in the same industry.
Even though the debt/equity ratio score it not favorable for CIVI, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 1.2 | ||
| Altman-Z | 1.16 |
ROIC/WACC1.71
WACC6.72%
2.3 Liquidity
CIVI has a Current Ratio of 0.45. This is a bad value and indicates that CIVI is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of CIVI (0.45) is worse than 90.15% of its industry peers.
A Quick Ratio of 0.45 indicates that CIVI may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.45, CIVI is doing worse than 87.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.45 | ||
| Quick Ratio | 0.45 |
3. Growth
3.1 Past
The earnings per share for CIVI have decreased strongly by -15.75% in the last year.
The Earnings Per Share has been growing by 16.34% on average over the past years. This is quite good.
CIVI shows a strong growth in Revenue. In the last year, the Revenue has grown by 59.18%.
The Revenue has been growing by 65.92% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-15.75%
EPS 3Y19.91%
EPS 5Y16.34%
EPS Q2Q%-45.63%
Revenue 1Y (TTM)59.18%
Revenue growth 3Y151.74%
Revenue growth 5Y65.92%
Sales Q2Q%22.79%
3.2 Future
CIVI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.94% yearly.
Based on estimates for the next years, CIVI will show a quite strong growth in Revenue. The Revenue will grow by 15.68% on average per year.
EPS Next Y-11.75%
EPS Next 2Y-5.93%
EPS Next 3Y1.1%
EPS Next 5Y1.94%
Revenue Next Year51.34%
Revenue Next 2Y23.9%
Revenue Next 3Y15.68%
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 estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 5.85, the valuation of CIVI can be described as very cheap.
Based on the Price/Earnings ratio, CIVI is valued cheaply inside the industry as 85.22% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of CIVI to the average of the S&P500 Index (28.96), we can say CIVI is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 5.73, the valuation of CIVI can be described as very cheap.
84.73% of the companies in the same industry are more expensive than CIVI, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.82, CIVI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.85 | ||
| Fwd PE | 5.73 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CIVI indicates a rather cheap valuation: CIVI is cheaper than 94.09% of the companies listed in the same industry.
CIVI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CIVI is cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.27 | ||
| EV/EBITDA | 2.56 |
4.3 Compensation for Growth
The decent profitability rating of CIVI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.36
EPS Next 2Y-5.93%
EPS Next 3Y1.1%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.87%, CIVI has a reasonable but not impressive dividend return.
CIVI's Dividend Yield is comparable with the industry average which is at 6.45.
CIVI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.87% |
5.2 History
CIVI has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
60.13% of the earnings are spent on dividend by CIVI. This is not a sustainable payout ratio.
DP60.13%
EPS Next 2Y-5.93%
EPS Next 3Y1.1%
CIVITAS RESOURCES INC
NYSE:CIVI (11/22/2024, 9:44:03 AM)
52.615
+0.34 (+0.64%)
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 Cap5.11B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.87% |
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)
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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)
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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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.85 | ||
| Fwd PE | 5.73 | ||
| 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)N/A
PEG (5Y)0.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.6% | ||
| ROE | 14.85% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 38.28% | ||
| PM (TTM) | 19.65% | ||
| GM | 88.87% | ||
| 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 Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.45 | ||
| Quick Ratio | 0.45 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)-15.75%
EPS 3Y19.91%
EPS 5Y
EPS Q2Q%
EPS Next Y-11.75%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)59.18%
Revenue growth 3Y151.74%
Revenue growth 5Y
Sales 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