CORE LABORATORIES INC (CLB) Stock Fundamental Analysis
NYSE:CLB - New York Stock Exchange, Inc. - US21867A1051 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to CLB. CLB was compared to 63 industry peers in the Energy Equipment & Services industry. CLB has only an average score on both its financial health and profitability. CLB is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
CLB had positive earnings in the past year.
In the past year CLB had a positive cash flow from operations.
Of the past 5 years CLB 4 years were profitable.
CLB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CLB's Return On Assets of 4.74% is in line compared to the rest of the industry. CLB outperforms 53.97% of its industry peers.
Looking at the Return On Equity, with a value of 11.06%, CLB is in the better half of the industry, outperforming 65.08% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 9.43%, CLB is in the better half of the industry, outperforming 69.84% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CLB is in line with the industry average of 8.44%.
The 3 year average ROIC (8.80%) for CLB is below the current ROIC(9.43%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.74% | ||
| ROE | 11.06% | ||
| ROIC | 9.43% |
ROA(3y)4.98%
ROA(5y)0.23%
ROE(3y)13.12%
ROE(5y)-16.91%
ROIC(3y)8.8%
ROIC(5y)8.69%
1.3 Margins
CLB's Profit Margin of 5.41% is in line compared to the rest of the industry. CLB outperforms 46.03% of its industry peers.
CLB's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 11.14%, CLB is in line with its industry, outperforming 55.56% of the companies in the same industry.
In the last couple of years the Operating Margin of CLB has declined.
CLB has a Gross Margin of 19.77%. This is in the lower half of the industry: CLB underperforms 71.43% of its industry peers.
CLB's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.14% | ||
| PM (TTM) | 5.41% | ||
| GM | 19.77% |
OM growth 3Y7.68%
OM growth 5Y-4.33%
PM growth 3Y12.69%
PM growth 5Y-17.05%
GM growth 3Y-3.24%
GM growth 5Y-5.25%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CLB is still creating some value.
CLB has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for CLB has been increased compared to 5 years ago.
The debt/assets ratio for CLB has been reduced compared to a year ago.
2.2 Solvency
CLB has an Altman-Z score of 2.87. This is not the best score and indicates that CLB is in the grey zone with still only limited risk for bankruptcy at the moment.
CLB's Altman-Z score of 2.87 is fine compared to the rest of the industry. CLB outperforms 74.60% of its industry peers.
The Debt to FCF ratio of CLB is 2.83, which is a good value as it means it would take CLB, 2.83 years of fcf income to pay off all of its debts.
CLB has a Debt to FCF ratio of 2.83. This is in the better half of the industry: CLB outperforms 66.67% of its industry peers.
A Debt/Equity ratio of 0.49 indicates that CLB is not too dependend on debt financing.
CLB has a Debt to Equity ratio (0.49) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 2.83 | ||
| Altman-Z | 2.87 |
ROIC/WACC1.13
WACC8.32%
2.3 Liquidity
CLB has a Current Ratio of 2.21. This indicates that CLB is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.21, CLB is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
CLB has a Quick Ratio of 1.64. This is a normal value and indicates that CLB is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.64, CLB is doing good in the industry, outperforming 65.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.21 | ||
| Quick Ratio | 1.64 |
3. Growth
3.1 Past
CLB shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.47%.
CLB shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -13.14% yearly.
CLB shows a small growth in Revenue. In the last year, the Revenue has grown by 1.32%.
The Revenue has been decreasing by -4.75% on average over the past years.
EPS 1Y (TTM)2.47%
EPS 3Y7.42%
EPS 5Y-13.14%
EPS Q2Q%-26.32%
Revenue 1Y (TTM)1.32%
Revenue growth 3Y3.66%
Revenue growth 5Y-4.75%
Sales Q2Q%-4.67%
3.2 Future
Based on estimates for the next years, CLB will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.78% on average per year.
The Revenue is expected to grow by 3.47% on average over the next years.
EPS Next Y-11.91%
EPS Next 2Y-3.25%
EPS Next 3Y-0.94%
EPS Next 5Y12.78%
Revenue Next Year-3.25%
Revenue Next 2Y-0.21%
Revenue Next 3Y-1.03%
Revenue Next 5Y3.47%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
With a Price/Earnings ratio of 15.41, CLB is valued correctly.
CLB's Price/Earnings ratio is in line with the industry average.
CLB's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.45.
Based on the Price/Forward Earnings ratio of 15.53, the valuation of CLB can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CLB indicates a slightly more expensive valuation: CLB is more expensive than 61.90% of the companies listed in the same industry.
CLB is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.41 | ||
| Fwd PE | 15.53 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CLB is valued more expensive than 80.95% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CLB is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.64 | ||
| EV/EBITDA | 9.68 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.25%
EPS Next 3Y-0.94%
5. Dividend
5.1 Amount
With a yearly dividend of 0.34%, CLB is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.70, CLB has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.42, CLB's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.34% |
5.2 History
The dividend of CLB decreases each year by -55.13%.
CLB has been paying a dividend for at least 10 years, so it has a reliable track record.
CLB has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-55.13%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
CLB pays out 6.70% of its income as dividend. This is a sustainable payout ratio.
DP6.7%
EPS Next 2Y-3.25%
EPS Next 3Y-0.94%
12.79
-0.11 (-0.85%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners117.5%
Inst Owner Change0.91%
Ins Owners1.04%
Ins Owner Change7.23%
Market Cap599.60M
Analysts50
Price Target14.89 (16.42%)
Short Float %16.95%
Short Ratio14.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.34% |
Yearly Dividend0.04
Dividend Growth(5Y)-55.13%
DP6.7%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.47%
Min EPS beat(2)-4.67%
Max EPS beat(2)-0.26%
EPS beat(4)2
Avg EPS beat(4)1.95%
Min EPS beat(4)-4.67%
Max EPS beat(4)7.15%
EPS beat(8)4
Avg EPS beat(8)3.65%
EPS beat(12)7
Avg EPS beat(12)4.64%
EPS beat(16)7
Avg EPS beat(16)1.87%
Revenue beat(2)0
Avg Revenue beat(2)-2.65%
Min Revenue beat(2)-3.38%
Max Revenue beat(2)-1.92%
Revenue beat(4)0
Avg Revenue beat(4)-1.99%
Min Revenue beat(4)-3.38%
Max Revenue beat(4)-0.73%
Revenue beat(8)1
Avg Revenue beat(8)-1.71%
Revenue beat(12)2
Avg Revenue beat(12)-1.5%
Revenue beat(16)3
Avg Revenue beat(16)-1.54%
PT rev (1m)-5.19%
PT rev (3m)-18.89%
EPS NQ rev (1m)-2.58%
EPS NQ rev (3m)-8.02%
EPS NY rev (1m)-3.7%
EPS NY rev (3m)-10.79%
Revenue NQ rev (1m)-0.12%
Revenue NQ rev (3m)-1.06%
Revenue NY rev (1m)-0.85%
Revenue NY rev (3m)-7.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.41 | ||
| Fwd PE | 15.53 | ||
| P/S | 1.16 | ||
| P/FCF | 13.64 | ||
| P/OCF | 10.42 | ||
| P/B | 2.37 | ||
| P/tB | 4.06 | ||
| EV/EBITDA | 9.68 |
EPS(TTM)0.83
EY6.49%
EPS(NY)0.82
Fwd EY6.44%
FCF(TTM)0.94
FCFY7.33%
OCF(TTM)1.23
OCFY9.59%
SpS11.05
BVpS5.41
TBVpS3.15
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.74% | ||
| ROE | 11.06% | ||
| ROCE | 11.82% | ||
| ROIC | 9.43% | ||
| ROICexc | 9.87% | ||
| ROICexgc | 12.77% | ||
| OM | 11.14% | ||
| PM (TTM) | 5.41% | ||
| GM | 19.77% | ||
| FCFM | 8.49% |
ROA(3y)4.98%
ROA(5y)0.23%
ROE(3y)13.12%
ROE(5y)-16.91%
ROIC(3y)8.8%
ROIC(5y)8.69%
ROICexc(3y)9.11%
ROICexc(5y)8.99%
ROICexgc(3y)11.75%
ROICexgc(5y)11.63%
ROCE(3y)11.03%
ROCE(5y)10.9%
ROICexcg growth 3Y11.32%
ROICexcg growth 5Y-6.37%
ROICexc growth 3Y11.52%
ROICexc growth 5Y-2.86%
OM growth 3Y7.68%
OM growth 5Y-4.33%
PM growth 3Y12.69%
PM growth 5Y-17.05%
GM growth 3Y-3.24%
GM growth 5Y-5.25%
F-Score6
Asset Turnover0.88
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 2.83 | ||
| Debt/EBITDA | 1.72 | ||
| Cap/Depr | 91.42% | ||
| Cap/Sales | 2.62% | ||
| Interest Coverage | 5.86 | ||
| Cash Conversion | 79.34% | ||
| Profit Quality | 156.87% | ||
| Current Ratio | 2.21 | ||
| Quick Ratio | 1.64 | ||
| Altman-Z | 2.87 |
F-Score6
WACC8.32%
ROIC/WACC1.13
Cap/Depr(3y)71.15%
Cap/Depr(5y)68.67%
Cap/Sales(3y)2.22%
Cap/Sales(5y)2.39%
Profit Quality(3y)84.24%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.47%
EPS 3Y7.42%
EPS 5Y-13.14%
EPS Q2Q%-26.32%
EPS Next Y-11.91%
EPS Next 2Y-3.25%
EPS Next 3Y-0.94%
EPS Next 5Y12.78%
Revenue 1Y (TTM)1.32%
Revenue growth 3Y3.66%
Revenue growth 5Y-4.75%
Sales Q2Q%-4.67%
Revenue Next Year-3.25%
Revenue Next 2Y-0.21%
Revenue Next 3Y-1.03%
Revenue Next 5Y3.47%
EBIT growth 1Y-4.22%
EBIT growth 3Y11.62%
EBIT growth 5Y-8.87%
EBIT Next Year11.28%
EBIT Next 3Y4.07%
EBIT Next 5Y17.46%
FCF growth 1Y586.92%
FCF growth 3Y23.36%
FCF growth 5Y-8.39%
OCF growth 1Y248.59%
OCF growth 3Y15.5%
OCF growth 5Y-8.83%