CALIFORNIA RESOURCES CORP (CRC)
US13057Q3056 - Common Stock
Overall CRC gets a fundamental rating of 5 out of 10. We evaluated CRC against 204 industry peers in the Oil, Gas & Consumable Fuels industry. CRC has only an average score on both its financial health and profitability. CRC has a decent growth rate and is not valued too expensively.
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.
CRC had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CRC had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.45%, CRC is in the better half of the industry, outperforming 64.04% of the companies in the same industry.
CRC has a Return On Equity of 15.17%. This is in the better half of the industry: CRC outperforms 60.59% of its industry peers.
CRC's Return On Invested Capital of 10.41% is fine compared to the rest of the industry. CRC outperforms 65.52% of its industry peers.
CRC had an Average Return On Invested Capital over the past 3 years of 13.15%. This is significantly below the industry average of 22.54%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.45% | ||
| ROE | 15.17% | ||
| ROIC | 10.41% |
ROA(3y)14.41%
ROA(5y)20.81%
ROE(3y)29.93%
ROE(5y)N/A
ROIC(3y)13.15%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of CRC (17.43%) is comparable to the rest of the industry.
CRC's Profit Margin has improved in the last couple of years.
CRC has a Operating Margin of 29.50%. This is in the better half of the industry: CRC outperforms 61.08% of its industry peers.
In the last couple of years the Operating Margin of CRC has grown nicely.
Looking at the Gross Margin, with a value of 72.79%, CRC belongs to the top of the industry, outperforming 80.79% of the companies in the same industry.
CRC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.5% | ||
| PM (TTM) | 17.43% | ||
| GM | 72.79% |
OM growth 3YN/A
OM growth 5Y2.07%
PM growth 3Y-44.95%
PM growth 5Y13.96%
GM growth 3Y5.65%
GM growth 5Y0.12%
2. Health
2.1 Basic Checks
CRC has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
CRC has less shares outstanding than it did 1 year ago.
The number of shares outstanding for CRC has been increased compared to 5 years ago.
Compared to 1 year ago, CRC has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.07 indicates that CRC is not a great score, but indicates only limited risk for bankruptcy at the moment.
CRC has a Altman-Z score (2.07) which is comparable to the rest of the industry.
The Debt to FCF ratio of CRC is 3.75, which is a good value as it means it would take CRC, 3.75 years of fcf income to pay off all of its debts.
CRC has a better Debt to FCF ratio (3.75) than 65.02% of its industry peers.
CRC has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
CRC has a Debt to Equity ratio of 0.32. This is comparable to the rest of the industry: CRC outperforms 58.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 3.75 | ||
| Altman-Z | 2.07 |
ROIC/WACC1.19
WACC8.73%
2.3 Liquidity
CRC has a Current Ratio of 0.97. 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 0.97, CRC is not doing good in the industry: 63.55% of the companies in the same industry are doing better.
CRC has a Quick Ratio of 0.97. This is a bad value and indicates that CRC is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of CRC (0.89) is worse than 61.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
CRC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -30.26%.
Measured over the past years, CRC shows a very strong growth in Earnings Per Share. The EPS has been growing by 32.95% on average per year.
CRC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.52%.
CRC shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.78% yearly.
EPS 1Y (TTM)-30.26%
EPS 3Y-41.55%
EPS 5Y32.95%
EPS Q2Q%47.06%
Revenue 1Y (TTM)10.52%
Revenue growth 3Y21.57%
Revenue growth 5Y-1.78%
Sales Q2Q%194.13%
3.2 Future
Based on estimates for the next years, CRC will show a decrease in Earnings Per Share. The EPS will decrease by -2.26% on average per year.
Based on estimates for the next years, CRC will show a quite strong growth in Revenue. The Revenue will grow by 8.58% on average per year.
EPS Next Y-20.27%
EPS Next 2Y-7.21%
EPS Next 3Y-2.26%
EPS Next 5YN/A
Revenue Next Year12.95%
Revenue Next 2Y15.27%
Revenue Next 3Y8.58%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.76, which indicates a correct valuation of CRC.
CRC's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 28.96, CRC is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 13.54, the valuation of CRC can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CRC is on the same level as its industry peers.
CRC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.76 | ||
| Fwd PE | 13.54 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CRC is valued a bit cheaper than the industry average as 65.52% of the companies are valued more expensively.
CRC's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.09 | ||
| EV/EBITDA | 5.3 |
4.3 Compensation for Growth
The decent profitability rating of CRC may justify a higher PE ratio.
A cheap valuation may be justified as CRC's earnings are expected to decrease with -2.26% in the coming years.
PEG (NY)N/A
PEG (5Y)0.48
EPS Next 2Y-7.21%
EPS Next 3Y-2.26%
5. Dividend
5.1 Amount
CRC has a Yearly Dividend Yield of 2.65%. Purely for dividend investing, there may be better candidates out there.
CRC's Dividend Yield is comparable with the industry average which is at 6.45.
Compared to an average S&P500 Dividend Yield of 2.23, CRC has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.65% |
5.2 History
CRC has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
18.64% of the earnings are spent on dividend by CRC. This is a low number and sustainable payout ratio.
DP18.64%
EPS Next 2Y-7.21%
EPS Next 3Y-2.26%
CALIFORNIA RESOURCES CORP
NYSE:CRC (11/21/2024, 8:20:55 PM)
After market: 59.58 0 (0%)59.58
+1.42 (+2.44%)
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 Cap5.46B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.65% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.76 | ||
| Fwd PE | 13.54 | ||
| 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)0.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.45% | ||
| ROE | 15.17% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 29.5% | ||
| PM (TTM) | 17.43% | ||
| GM | 72.79% | ||
| 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 Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.89 | ||
| 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)-30.26%
EPS 3Y-41.55%
EPS 5Y
EPS Q2Q%
EPS Next Y-20.27%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)10.52%
Revenue growth 3Y21.57%
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