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CORE SCIENTIFIC INC (CORZ) Stock Fundamental Analysis

NASDAQ:CORZ - Nasdaq - US21874A1060 - Common Stock - Currency: USD

10.8  -1.04 (-8.78%)

After market: 11.18 +0.38 (+3.52%)

Fundamental Rating

3

Overall CORZ gets a fundamental rating of 3 out of 10. We evaluated CORZ against 82 industry peers in the IT Services industry. CORZ may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, CORZ is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

CORZ had negative earnings in the past year.
CORZ had a positive operating cash flow in the past year.
CORZ had negative earnings in 4 of the past 5 years.
In multiple years CORZ reported negative operating cash flow during the last 5 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

CORZ has a worse Return On Assets (-122.94%) than 96.15% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.86%, CORZ is in line with its industry, outperforming 58.97% of the companies in the same industry.
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

Looking at the Operating Margin, with a value of 7.41%, CORZ is in the better half of the industry, outperforming 62.82% of the companies in the same industry.
CORZ has a worse Gross Margin (27.90%) than 66.67% of its industry peers.
CORZ's Gross Margin has improved in the last couple of years.
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

CORZ has an Altman-Z score of -3.05. This is a bad value and indicates that CORZ is not financially healthy and even has some risk of bankruptcy.
CORZ has a Altman-Z score of -3.05. This is amonst the worse of the industry: CORZ underperforms 89.74% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z -3.05
ROIC/WACC0.39
WACC9.97%
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

CORZ has a Current Ratio of 3.63. This indicates that CORZ is financially healthy and has no problem in meeting its short term obligations.
CORZ has a Current ratio of 3.63. This is amongst the best in the industry. CORZ outperforms 89.74% 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.
CORZ has a Quick ratio of 3.63. This is amongst the best in the industry. CORZ outperforms 89.74% of its industry peers.
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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6

3. Growth

3.1 Past

The earnings per share for CORZ have decreased strongly by -325.29% in the last year.
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

CORZ is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 52.96% yearly.
The Revenue is expected to grow by 37.82% on average over the next years. This is a very strong growth
EPS Next Y-936.93%
EPS Next 2Y58.18%
EPS Next 3Y52.96%
EPS Next 5YN/A
Revenue Next Year10.07%
Revenue Next 2Y18.11%
Revenue Next 3Y30.65%
Revenue Next 5Y37.82%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past 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 2B
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.
The Price/Forward Earnings ratio is 59.74, which means the current valuation is very expensive for CORZ.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CORZ is on the same level as its industry peers.
CORZ's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.68.
Industry RankSector Rank
PE N/A
Fwd PE 59.74
CORZ Price Earnings VS Forward Price EarningsCORZ Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as CORZ.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 22.22
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 52.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y58.18%
EPS Next 3Y52.96%

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0

5. Dividend

5.1 Amount

CORZ does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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CORE SCIENTIFIC INC

NASDAQ:CORZ (2/21/2025, 9:08:59 PM)

After market: 11.18 +0.38 (+3.52%)

10.8

-1.04 (-8.78%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)11-06 2024-11-06/amc
Earnings (Next)03-10 2025-03-10/amc
Inst Owners90.02%
Inst Owner Change42.98%
Ins Owners4.45%
Ins Owner Change0.53%
Market Cap3.02B
Analysts84.55
Price Target20.88 (93.33%)
Short Float %16.88%
Short Ratio3.96
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)2.67%
PT rev (3m)25.48%
EPS NQ rev (1m)-0.7%
EPS NQ rev (3m)3.93%
EPS NY rev (1m)8.82%
EPS NY rev (3m)-16.37%
Revenue NQ rev (1m)-0.67%
Revenue NQ rev (3m)-3.71%
Revenue NY rev (1m)1.54%
Revenue NY rev (3m)-2.19%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 59.74
P/S 5.41
P/FCF N/A
P/OCF 59.38
P/B N/A
P/tB N/A
EV/EBITDA 22.22
EPS(TTM)-5.72
EYN/A
EPS(NY)0.18
Fwd EY1.67%
FCF(TTM)-0.1
FCFYN/A
OCF(TTM)0.18
OCFY1.68%
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 -3.05
F-Score5
WACC9.97%
ROIC/WACC0.39
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-936.93%
EPS Next 2Y58.18%
EPS Next 3Y52.96%
EPS Next 5YN/A
Revenue 1Y (TTM)15.77%
Revenue growth 3Y102.7%
Revenue growth 5YN/A
Sales Q2Q%-15.54%
Revenue Next Year10.07%
Revenue Next 2Y18.11%
Revenue Next 3Y30.65%
Revenue Next 5Y37.82%
EBIT growth 1Y149.29%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year3998.55%
EBIT Next 3Y368.03%
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