CALIFORNIA RESOURCES CORP (CRC)
US13057Q3056 - Common Stock
Taking everything into account, CRC scores 5 out of 10 in our fundamental rating. CRC was compared to 209 industry peers in the Oil, Gas & Consumable Fuels industry. While CRC belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. CRC is not valued too expensively and it also shows a decent growth rate.
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
CRC's Return On Assets of 7.45% is fine compared to the rest of the industry. CRC outperforms 64.71% of its industry peers.
CRC has a better Return On Equity (15.17%) than 63.24% of its industry peers.
Looking at the Return On Invested Capital, with a value of 10.41%, CRC is in the better half of the industry, outperforming 67.16% of the companies in the same industry.
CRC had an Average Return On Invested Capital over the past 3 years of 13.15%. This is significantly below the industry average of 28.77%.
| 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
CRC's Profit Margin of 17.43% is fine compared to the rest of the industry. CRC outperforms 60.78% of its industry peers.
In the last couple of years the Profit Margin of CRC has grown nicely.
The Operating Margin of CRC (29.50%) is better than 63.24% of its industry peers.
In the last couple of years the Operating Margin of CRC has grown nicely.
With an excellent Gross Margin value of 72.79%, CRC belongs to the best of the industry, outperforming 80.39% 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CRC is creating some value.
The number of shares outstanding for CRC has been reduced compared to 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
CRC has an Altman-Z score of 1.97. This is not the best score and indicates that CRC is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of CRC (1.97) 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.
With a decent Debt to FCF ratio value of 3.75, CRC is doing good in the industry, outperforming 66.18% of the companies in the same industry.
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 (0.32) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 3.75 | ||
| Altman-Z | 1.97 |
ROIC/WACC1.16
WACC9.01%
2.3 Liquidity
A Current Ratio of 0.97 indicates that CRC may have some problems paying its short term obligations.
CRC has a Current ratio of 0.97. This is in the lower half of the industry: CRC underperforms 64.71% of its industry peers.
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.
CRC has a worse Quick ratio (0.89) than 61.76% 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%.
CRC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 32.95% yearly.
CRC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.52%.
The Revenue has been decreasing by -1.78% on average over the past years.
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
The Earnings Per Share is expected to decrease by -4.26% on average over the next years.
The Revenue is expected to grow by 8.05% on average over the next years. This is quite good.
EPS Next Y-23.11%
EPS Next 2Y-8.39%
EPS Next 3Y-3.84%
EPS Next 5Y-4.26%
Revenue Next Year20.48%
Revenue Next 2Y15.09%
Revenue Next 3Y8.18%
Revenue Next 5Y8.05%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
CRC is valuated correctly with a Price/Earnings ratio of 14.37.
The rest of the industry has a similar Price/Earnings ratio as CRC.
CRC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.91.
With a Price/Forward Earnings ratio of 12.66, CRC is valued correctly.
CRC's Price/Forward Earnings ratio is in line with the industry average.
CRC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.26, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.37 | ||
| Fwd PE | 12.66 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CRC indicates a somewhat cheap valuation: CRC is cheaper than 68.63% of the companies listed in the same industry.
CRC's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.43 | ||
| EV/EBITDA | 4.76 |
4.3 Compensation for Growth
CRC has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as CRC's earnings are expected to decrease with -3.84% in the coming years.
PEG (NY)N/A
PEG (5Y)0.44
EPS Next 2Y-8.39%
EPS Next 3Y-3.84%
5. Dividend
5.1 Amount
CRC has a Yearly Dividend Yield of 2.95%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.60, CRC has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, CRC pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
5.2 History
CRC has been paying a dividend for less than 5 years, so it still needs to build a 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 18.64% of its income as dividend. This is a sustainable payout ratio.
DP18.64%
EPS Next 2Y-8.39%
EPS Next 3Y-3.84%
CALIFORNIA RESOURCES CORP
NYSE:CRC (1/13/2025, 2:36:01 PM)
54.305
+1.58 (+2.99%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners94.53%
Inst Owner Change-0.01%
Ins Owners0.62%
Ins Owner Change-5.71%
Market Cap4.96B
Analysts82.5
Price Target69.53 (28.04%)
Short Float %3.93%
Short Ratio4.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
Dividend Growth(5Y)N/A
DP18.64%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.37%
Min EPS beat(2)-11.8%
Max EPS beat(2)11.07%
EPS beat(4)3
Avg EPS beat(4)4.45%
Min EPS beat(4)-11.8%
Max EPS beat(4)17.79%
EPS beat(8)5
Avg EPS beat(8)3.48%
EPS beat(12)7
Avg EPS beat(12)-2.02%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)24.52%
Min Revenue beat(2)10.76%
Max Revenue beat(2)38.28%
Revenue beat(4)3
Avg Revenue beat(4)14.37%
Min Revenue beat(4)-4.57%
Max Revenue beat(4)38.28%
Revenue beat(8)5
Avg Revenue beat(8)7.15%
Revenue beat(12)8
Avg Revenue beat(12)11.59%
Revenue beat(16)9
Avg Revenue beat(16)6.4%
PT rev (1m)0.84%
PT rev (3m)9.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-41.8%
EPS NY rev (1m)-3.71%
EPS NY rev (3m)-12.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.73%
Revenue NY rev (1m)-0.23%
Revenue NY rev (3m)9.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.37 | ||
| Fwd PE | 12.66 | ||
| P/S | 1.63 | ||
| P/FCF | 16.43 | ||
| P/OCF | 9.27 | ||
| P/B | 1.42 | ||
| P/tB | 1.42 | ||
| EV/EBITDA | 4.76 |
EPS(TTM)3.78
EY6.96%
EPS(NY)4.29
Fwd EY7.9%
FCF(TTM)3.31
FCFY6.09%
OCF(TTM)5.86
OCFY10.78%
SpS33.35
BVpS38.32
TBVpS38.32
PEG (NY)N/A
PEG (5Y)0.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.45% | ||
| ROE | 15.17% | ||
| ROCE | 14.43% | ||
| ROIC | 10.41% | ||
| ROICexc | 10.83% | ||
| ROICexgc | 10.83% | ||
| OM | 29.5% | ||
| PM (TTM) | 17.43% | ||
| GM | 72.79% | ||
| FCFM | 9.91% |
ROA(3y)14.41%
ROA(5y)20.81%
ROE(3y)29.93%
ROE(5y)N/A
ROIC(3y)13.15%
ROIC(5y)N/A
ROICexc(3y)14.95%
ROICexc(5y)N/A
ROICexgc(3y)14.95%
ROICexgc(5y)N/A
ROCE(3y)18.23%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y18.06%
ROICexc growth 3YN/A
ROICexc growth 5Y18.06%
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%
F-Score5
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 3.75 | ||
| Debt/EBITDA | 0.94 | ||
| Cap/Depr | 77.41% | ||
| Cap/Sales | 7.65% | ||
| Interest Coverage | 21.4 | ||
| Cash Conversion | 44.58% | ||
| Profit Quality | 56.87% | ||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z | 1.97 |
F-Score5
WACC9.01%
ROIC/WACC1.16
Cap/Depr(3y)121.57%
Cap/Depr(5y)94.86%
Cap/Sales(3y)10.29%
Cap/Sales(5y)10.23%
Profit Quality(3y)72.82%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-30.26%
EPS 3Y-41.55%
EPS 5Y32.95%
EPS Q2Q%47.06%
EPS Next Y-23.11%
EPS Next 2Y-8.39%
EPS Next 3Y-3.84%
EPS Next 5Y-4.26%
Revenue 1Y (TTM)10.52%
Revenue growth 3Y21.57%
Revenue growth 5Y-1.78%
Sales Q2Q%194.13%
Revenue Next Year20.48%
Revenue Next 2Y15.09%
Revenue Next 3Y8.18%
Revenue Next 5Y8.05%
EBIT growth 1Y37.46%
EBIT growth 3YN/A
EBIT growth 5Y0.26%
EBIT Next Year56.38%
EBIT Next 3Y22.47%
EBIT Next 5Y15.86%
FCF growth 1Y-26.34%
FCF growth 3Y99.43%
FCF growth 5YN/A
OCF growth 1Y-31.41%
OCF growth 3Y83.32%
OCF growth 5Y7.21%