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CORE SCIENTIFIC INC (CORZ) Stock Fundamental Analysis

NASDAQ:CORZ - Nasdaq - US21874A1060 - Common Stock

15.27  +0.27 (+1.8%)

After market: 15.3327 +0.06 (+0.41%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to CORZ. CORZ was compared to 82 industry peers in the IT Services industry. CORZ may be in some trouble as it scores bad on both profitability and health. CORZ is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

CORZ had negative earnings in the past year.
In the past year CORZ had a positive cash flow from operations.
CORZ had negative earnings in 4 of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: CORZ reported negative operating cash flow in multiple years.
CORZ Yearly Net Income VS EBIT VS OCF VS FCFCORZ Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 0 -500M -1B -1.5B -2B

1.2 Ratios

Looking at the Return On Assets, with a value of -122.94%, CORZ is doing worse than 96.20% of the companies in the same industry.
CORZ's Return On Invested Capital of 3.86% is in line compared to the rest of the industry. CORZ outperforms 59.49% of its industry peers.
Industry RankSector Rank
ROA -122.94%
ROE N/A
ROIC 3.86%
ROA(3y)-99.47%
ROA(5y)-63.16%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
CORZ Yearly ROA, ROE, ROICCORZ Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 0 200 -200 400

1.3 Margins

CORZ's Operating Margin of 7.41% is fine compared to the rest of the industry. CORZ outperforms 63.29% of its industry peers.
The Gross Margin of CORZ (27.90%) is worse than 67.09% of its industry peers.
In the last couple of years the Gross Margin of CORZ has grown nicely.
Industry RankSector Rank
OM 7.41%
PM (TTM) N/A
GM 27.9%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y16.43%
GM growth 5YN/A
CORZ Yearly Profit, Operating, Gross MarginsCORZ Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 0 -100 -200 -300

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3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CORZ is destroying value.
Compared to 1 year ago, CORZ has more shares outstanding
The debt/assets ratio for CORZ is higher compared to a year ago.
CORZ Yearly Shares OutstandingCORZ Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 100M 200M 300M
CORZ Yearly Total Debt VS Total AssetsCORZ Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.2 Solvency

Based on the Altman-Z score of -2.73, we must say that CORZ is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -2.73, CORZ is not doing good in the industry: 92.41% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z -2.73
ROIC/WACC0.35
WACC11.17%
CORZ Yearly LT Debt VS Equity VS FCFCORZ Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 0 500M -500M 1B

2.3 Liquidity

A Current Ratio of 3.63 indicates that CORZ has no problem at all paying its short term obligations.
CORZ has a better Current ratio (3.63) than 89.87% of its industry peers.
CORZ has a Quick Ratio of 3.63. This indicates that CORZ is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 3.63, CORZ belongs to the best of the industry, outperforming 89.87% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.63
Quick Ratio 3.63
CORZ Yearly Current Assets VS Current LiabilitesCORZ Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 200M 400M 600M

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5

3. Growth

3.1 Past

CORZ shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -325.29%.
Looking at the last year, CORZ shows a quite strong growth in Revenue. The Revenue has grown by 15.77% in the last year.
Measured over the past years, CORZ shows a very strong growth in Revenue. The Revenue has been growing by 102.70% on average per year.
EPS 1Y (TTM)-325.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-963.64%
Revenue 1Y (TTM)15.77%
Revenue growth 3Y102.7%
Revenue growth 5YN/A
Sales Q2Q%-15.54%

3.2 Future

The Earnings Per Share is expected to grow by 52.11% on average over the next years. This is a very strong growth
Based on estimates for the next years, CORZ will show a small growth in Revenue. The Revenue will grow by 0.62% on average per year.
EPS Next Y-1037.24%
EPS Next 2Y66.57%
EPS Next 3Y52.11%
EPS Next 5YN/A
Revenue Next Year8.4%
Revenue Next 2Y13.59%
Revenue Next 3Y27.89%
Revenue Next 5Y0.62%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CORZ Yearly Revenue VS EstimatesCORZ Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B
CORZ Yearly EPS VS EstimatesCORZ Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 -1 -2 -3 -4

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for CORZ. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 54.76, CORZ can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CORZ is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of CORZ to the average of the S&P500 Index (24.44), we can say CORZ is valued expensively.
Industry RankSector Rank
PE N/A
Fwd PE 54.76
CORZ Price Earnings VS Forward Price EarningsCORZ Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40 50

4.2 Price Multiples

CORZ's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 27.75
CORZ Per share dataCORZ EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -2 -4

4.3 Compensation for Growth

CORZ's earnings are expected to grow with 52.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y66.57%
EPS Next 3Y52.11%

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0

5. Dividend

5.1 Amount

No dividends for CORZ!.
Industry RankSector Rank
Dividend Yield N/A

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CORE SCIENTIFIC INC

NASDAQ:CORZ (1/21/2025, 8:00:00 PM)

After market: 15.3327 +0.06 (+0.41%)

15.27

+0.27 (+1.8%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)11-06 2024-11-06/amc
Earnings (Next)N/A N/A
Inst Owners61.81%
Inst Owner Change0.08%
Ins Owners4.72%
Ins Owner Change1.09%
Market Cap4.26B
Analysts85
Price Target20.4 (33.6%)
Short Float %17.97%
Short Ratio4.19
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-7535.92%
Min EPS beat(2)-13917.4%
Max EPS beat(2)-1154.44%
EPS beat(4)1
Avg EPS beat(4)-3933.87%
Min EPS beat(4)-13917.4%
Max EPS beat(4)20.66%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.57%
Min Revenue beat(2)-8.73%
Max Revenue beat(2)7.59%
Revenue beat(4)3
Avg Revenue beat(4)8.56%
Min Revenue beat(4)-8.73%
Max Revenue beat(4)21.71%
Revenue beat(8)3
Avg Revenue beat(8)-7.52%
Revenue beat(12)6
Avg Revenue beat(12)0.83%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.77%
PT rev (3m)22.7%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.6%
EPS NY rev (1m)0%
EPS NY rev (3m)-34.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.06%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)-5.31%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 54.76
P/S 7.65
P/FCF N/A
P/OCF 83.95
P/B N/A
P/tB N/A
EV/EBITDA 27.75
EPS(TTM)-5.72
EYN/A
EPS(NY)0.28
Fwd EY1.83%
FCF(TTM)-0.1
FCFYN/A
OCF(TTM)0.18
OCFY1.19%
SpS2
BVpS-2.61
TBVpS-2.61
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -122.94%
ROE N/A
ROCE 4.89%
ROIC 3.86%
ROICexc 5.51%
ROICexgc 5.51%
OM 7.41%
PM (TTM) N/A
GM 27.9%
FCFM N/A
ROA(3y)-99.47%
ROA(5y)-63.16%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y16.43%
GM growth 5YN/A
F-Score5
Asset Turnover0.6
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA 2.97
Cap/Depr 65.76%
Cap/Sales 13.96%
Interest Coverage 1.35
Cash Conversion 31.81%
Profit Quality N/A
Current Ratio 3.63
Quick Ratio 3.63
Altman-Z -2.73
F-Score5
WACC11.17%
ROIC/WACC0.35
Cap/Depr(3y)519.05%
Cap/Depr(5y)466.49%
Cap/Sales(3y)58.44%
Cap/Sales(5y)52.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-325.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-963.64%
EPS Next Y-1037.24%
EPS Next 2Y66.57%
EPS Next 3Y52.11%
EPS Next 5YN/A
Revenue 1Y (TTM)15.77%
Revenue growth 3Y102.7%
Revenue growth 5YN/A
Sales Q2Q%-15.54%
Revenue Next Year8.4%
Revenue Next 2Y13.59%
Revenue Next 3Y27.89%
Revenue Next 5Y0.62%
EBIT growth 1Y149.29%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year3843.45%
EBIT Next 3Y350.86%
EBIT Next 5Y214.58%
FCF growth 1Y95.26%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-74.47%
OCF growth 3YN/A
OCF growth 5YN/A