CALIFORNIA RESOURCES CORP (CRC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CRC - US13057Q3056 - Common Stock
47.78 USD
+0.88 (+1.88%)
47.01 USD
-0.77 (-1.61%)
Overall CRC gets a fundamental rating of 6 out of 10. We evaluated CRC against 210 industry peers in the Oil, Gas & Consumable Fuels industry. While CRC has a great profitability rating, there are some minor concerns on its financial health. CRC is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
CRC had positive earnings in the past year.
In the past year CRC had a positive cash flow from operations.
Each year in the past 5 years CRC has been profitable.
In the past 5 years CRC always reported a positive cash flow from operatings.
1.2 Ratios
CRC has a Return On Assets of 9.91%. This is amongst the best in the industry. CRC outperforms 88.10% of its industry peers.
CRC has a better Return On Equity (19.52%) than 86.67% of its industry peers.
Looking at the Return On Invested Capital, with a value of 14.94%, CRC belongs to the top of the industry, outperforming 94.29% of the companies in the same industry.
CRC had an Average Return On Invested Capital over the past 3 years of 14.73%. This is significantly below the industry average of 21.41%.
The 3 year average ROIC (14.73%) for CRC is below the current ROIC(14.94%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.91% | ||
| ROE | 19.52% | ||
| ROIC | 14.94% |
ROA(3y)10.86%
ROA(5y)21.94%
ROE(3y)21.39%
ROE(5y)53.16%
ROIC(3y)14.73%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 16.14%, CRC is in the better half of the industry, outperforming 67.62% of the companies in the same industry.
In the last couple of years the Profit Margin of CRC has declined.
CRC's Operating Margin of 28.30% is fine compared to the rest of the industry. CRC outperforms 70.00% of its industry peers.
CRC's Operating Margin has improved in the last couple of years.
The Gross Margin of CRC (69.78%) is better than 78.57% of its industry peers.
In the last couple of years the Gross Margin of CRC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.3% | ||
| PM (TTM) | 16.14% | ||
| GM | 69.78% |
OM growth 3Y27.28%
OM growth 5Y7.28%
PM growth 3Y-28.67%
PM growth 5YN/A
GM growth 3Y3.65%
GM growth 5Y1.12%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CRC is creating some value.
CRC has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CRC has more shares outstanding
Compared to 1 year ago, CRC has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.26 indicates that CRC is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.26, CRC is in the better half of the industry, outperforming 70.48% of the companies in the same industry.
CRC has a debt to FCF ratio of 2.02. This is a good value and a sign of high solvency as CRC would need 2.02 years to pay back of all of its debts.
The Debt to FCF ratio of CRC (2.02) is better than 83.33% of its industry peers.
CRC has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
CRC has a Debt to Equity ratio of 0.26. This is in the better half of the industry: CRC outperforms 65.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 2.02 | ||
| Altman-Z | 2.26 |
ROIC/WACC1.72
WACC8.69%
2.3 Liquidity
CRC has a Current Ratio of 0.78. This is a bad value and indicates that CRC is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.78, CRC is not doing good in the industry: 68.10% of the companies in the same industry are doing better.
CRC has a Quick Ratio of 0.78. This is a bad value and indicates that CRC is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.68, CRC is not doing good in the industry: 68.10% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 20.11% over the past year.
Measured over the past years, CRC shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.50% on average per year.
Looking at the last year, CRC shows a quite strong growth in Revenue. The Revenue has grown by 14.17% in the last year.
CRC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.96% yearly.
EPS 1Y (TTM)20.11%
EPS 3Y-14.99%
EPS 5Y21.5%
EPS Q2Q%-2.67%
Revenue 1Y (TTM)14.17%
Revenue growth 3Y19.18%
Revenue growth 5Y3.96%
Sales Q2Q%-36.81%
3.2 Future
CRC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.15% yearly.
The Revenue is expected to grow by 7.38% on average over the next years.
EPS Next Y9.03%
EPS Next 2Y-11.63%
EPS Next 3Y0.75%
EPS Next 5Y2.15%
Revenue Next Year16.84%
Revenue Next 2Y8.53%
Revenue Next 3Y7.38%
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.
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
A Price/Earnings ratio of 10.52 indicates a reasonable valuation of CRC.
Based on the Price/Earnings ratio, CRC is valued a bit cheaper than the industry average as 77.14% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.31, CRC is valued rather cheaply.
The Price/Forward Earnings ratio is 16.27, which indicates a correct valuation of CRC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CRC is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of CRC to the average of the S&P500 Index (36.59), we can say CRC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.52 | ||
| Fwd PE | 16.27 |
4.2 Price Multiples
CRC's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CRC is cheaper than 90.48% of the companies in the same industry.
86.19% of the companies in the same industry are more expensive than CRC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.01 | ||
| EV/EBITDA | 2.85 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of CRC may justify a higher PE ratio.
PEG (NY)1.17
PEG (5Y)0.49
EPS Next 2Y-11.63%
EPS Next 3Y0.75%
5. Dividend
5.1 Amount
CRC has a Yearly Dividend Yield of 3.51%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 5.90, CRC has a dividend in line with its industry peers.
CRC's Dividend Yield is a higher than the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.51% |
5.2 History
CRC has been paying a dividend for over 5 years, so it has already some track record.
CRC has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
CRC pays out 21.05% of its income as dividend. This is a sustainable payout ratio.
DP21.05%
EPS Next 2Y-11.63%
EPS Next 3Y0.75%
47.78
+0.88 (+1.88%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners101.22%
Inst Owner Change1.73%
Ins Owners0.75%
Ins Owner Change14.4%
Market Cap4.00B
Revenue(TTM)3.20B
Net Income(TTM)665.00M
Analysts82.35
Price Target67.83 (41.96%)
Short Float %3.63%
Short Ratio2.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.51% |
Yearly Dividend1.41
Dividend Growth(5Y)N/A
DP21.05%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)27.59%
Min EPS beat(2)19.85%
Max EPS beat(2)35.33%
EPS beat(4)3
Avg EPS beat(4)14.83%
Min EPS beat(4)-6.92%
Max EPS beat(4)35.33%
EPS beat(8)6
Avg EPS beat(8)11.25%
EPS beat(12)8
Avg EPS beat(12)6.5%
EPS beat(16)10
Avg EPS beat(16)11.48%
Revenue beat(2)2
Avg Revenue beat(2)14.09%
Min Revenue beat(2)4.8%
Max Revenue beat(2)23.39%
Revenue beat(4)3
Avg Revenue beat(4)15.8%
Min Revenue beat(4)-3.28%
Max Revenue beat(4)38.28%
Revenue beat(8)5
Avg Revenue beat(8)9.01%
Revenue beat(12)8
Avg Revenue beat(12)14.45%
Revenue beat(16)11
Avg Revenue beat(16)11.53%
PT rev (1m)-1.55%
PT rev (3m)10.07%
EPS NQ rev (1m)-0.22%
EPS NQ rev (3m)5.43%
EPS NY rev (1m)1.11%
EPS NY rev (3m)2.34%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)-2.51%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.52 | ||
| Fwd PE | 16.27 | ||
| P/S | 0.97 | ||
| P/FCF | 8.01 | ||
| P/OCF | 5.15 | ||
| P/B | 1.17 | ||
| P/tB | 1.17 | ||
| EV/EBITDA | 2.85 |
EPS(TTM)4.54
EY9.5%
EPS(NY)2.94
Fwd EY6.14%
FCF(TTM)5.96
FCFY12.48%
OCF(TTM)9.28
OCFY19.43%
SpS49.23
BVpS40.71
TBVpS40.71
PEG (NY)1.17
PEG (5Y)0.49
Graham Number64.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.91% | ||
| ROE | 19.52% | ||
| ROCE | 20.16% | ||
| ROIC | 14.94% | ||
| ROICexc | 15.13% | ||
| ROICexgc | 15.13% | ||
| OM | 28.3% | ||
| PM (TTM) | 16.14% | ||
| GM | 69.78% | ||
| FCFM | 12.11% |
ROA(3y)10.86%
ROA(5y)21.94%
ROE(3y)21.39%
ROE(5y)53.16%
ROIC(3y)14.73%
ROIC(5y)N/A
ROICexc(3y)16.58%
ROICexc(5y)N/A
ROICexgc(3y)16.58%
ROICexgc(5y)N/A
ROCE(3y)19.88%
ROCE(5y)N/A
ROICexgc growth 3Y17.49%
ROICexgc growth 5Y13.2%
ROICexc growth 3Y17.49%
ROICexc growth 5Y13.2%
OM growth 3Y27.28%
OM growth 5Y7.28%
PM growth 3Y-28.67%
PM growth 5YN/A
GM growth 3Y3.65%
GM growth 5Y1.12%
F-Score8
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 2.02 | ||
| Debt/EBITDA | 0.52 | ||
| Cap/Depr | 51.39% | ||
| Cap/Sales | 6.75% | ||
| Interest Coverage | 11 | ||
| Cash Conversion | 45.52% | ||
| Profit Quality | 75.04% | ||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.68 | ||
| Altman-Z | 2.26 |
F-Score8
WACC8.69%
ROIC/WACC1.72
Cap/Depr(3y)113.12%
Cap/Depr(5y)88.68%
Cap/Sales(3y)9.53%
Cap/Sales(5y)8.37%
Profit Quality(3y)78.91%
Profit Quality(5y)63.2%
High Growth Momentum
Growth
EPS 1Y (TTM)20.11%
EPS 3Y-14.99%
EPS 5Y21.5%
EPS Q2Q%-2.67%
EPS Next Y9.03%
EPS Next 2Y-11.63%
EPS Next 3Y0.75%
EPS Next 5Y2.15%
Revenue 1Y (TTM)14.17%
Revenue growth 3Y19.18%
Revenue growth 5Y3.96%
Sales Q2Q%-36.81%
Revenue Next Year16.84%
Revenue Next 2Y8.53%
Revenue Next 3Y7.38%
Revenue Next 5YN/A
EBIT growth 1Y277.35%
EBIT growth 3Y51.69%
EBIT growth 5Y11.52%
EBIT Next Year134.54%
EBIT Next 3Y31.11%
EBIT Next 5Y21.09%
FCF growth 1Y0%
FCF growth 3Y-8.67%
FCF growth 5Y9.94%
OCF growth 1Y1.3%
OCF growth 3Y-2.59%
OCF growth 5Y-2.03%
CALIFORNIA RESOURCES CORP / CRC FAQ
What is the fundamental rating for CRC stock?
ChartMill assigns a fundamental rating of 6 / 10 to CRC.
What is the valuation status of CALIFORNIA RESOURCES CORP (CRC) stock?
ChartMill assigns a valuation rating of 7 / 10 to CALIFORNIA RESOURCES CORP (CRC). This can be considered as Undervalued.
What is the profitability of CRC stock?
CALIFORNIA RESOURCES CORP (CRC) has a profitability rating of 7 / 10.
What is the financial health of CALIFORNIA RESOURCES CORP (CRC) stock?
The financial health rating of CALIFORNIA RESOURCES CORP (CRC) is 4 / 10.
Can you provide the dividend sustainability for CRC stock?
The dividend rating of CALIFORNIA RESOURCES CORP (CRC) is 4 / 10 and the dividend payout ratio is 21.05%.