CALIFORNIA RESOURCES CORP (CRC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CRC - US13057Q3056 - Common Stock
43.6 USD
-0.53 (-1.2%)
43.6 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to CRC. CRC was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. CRC has an average financial health and profitability rating. CRC scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year CRC was profitable.
CRC had a positive operating cash flow in the past year.
Each year in the past 5 years CRC has been profitable.
CRC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CRC has a Return On Assets of 5.69%. This is in the better half of the industry: CRC outperforms 69.67% of its industry peers.
Looking at the Return On Equity, with a value of 11.15%, CRC is in the better half of the industry, outperforming 67.77% of the companies in the same industry.
CRC has a better Return On Invested Capital (9.14%) than 80.09% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CRC is significantly below the industry average of 21.00%.
The last Return On Invested Capital (9.14%) for CRC is well below the 3 year average (14.73%), which needs to be investigated, but indicates that CRC had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.69% | ||
| ROE | 11.15% | ||
| ROIC | 9.14% |
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
CRC has a Profit Margin of 10.60%. This is comparable to the rest of the industry: CRC outperforms 59.24% of its industry peers.
CRC's Profit Margin has declined in the last couple of years.
CRC's Operating Margin of 19.85% is in line compared to the rest of the industry. CRC outperforms 56.40% of its industry peers.
In the last couple of years the Operating Margin of CRC has grown nicely.
CRC's Gross Margin of 65.49% is fine compared to the rest of the industry. CRC outperforms 72.99% of its industry peers.
CRC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.85% | ||
| PM (TTM) | 10.6% | ||
| GM | 65.49% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CRC is still creating some value.
Compared to 1 year ago, CRC has more shares outstanding
Compared to 5 years ago, CRC has more shares outstanding
The debt/assets ratio for CRC is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 1.88 indicates that CRC is not a great score, but indicates only limited risk for bankruptcy at the moment.
CRC has a better Altman-Z score (1.88) than 67.30% of its industry peers.
The Debt to FCF ratio of CRC is 1.85, which is an excellent value as it means it would take CRC, only 1.85 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.85, CRC belongs to the best of the industry, outperforming 83.89% of the companies in the same industry.
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 better Debt to Equity ratio (0.26) than 66.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 1.85 | ||
| Altman-Z | 1.88 |
ROIC/WACC1.04
WACC8.77%
2.3 Liquidity
CRC has a Current Ratio of 0.89. This is a bad value and indicates that CRC is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.89, CRC is doing worse than 60.66% of the companies in the same industry.
A Quick Ratio of 0.78 indicates that CRC may have some problems paying its short term obligations.
The Quick ratio of CRC (0.78) is worse than 60.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
CRC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.11%, which is quite impressive.
CRC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.50% yearly.
Looking at the last year, CRC shows a quite strong growth in Revenue. The Revenue has grown by 18.87% 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)18.87%
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 7.57% on average over the next years.
EPS Next Y11.22%
EPS Next 2Y-15.54%
EPS Next 3Y3.5%
EPS Next 5Y2.15%
Revenue Next Year16.02%
Revenue Next 2Y7.64%
Revenue Next 3Y7.57%
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
With a Price/Earnings ratio of 9.60, the valuation of CRC can be described as very reasonable.
Based on the Price/Earnings ratio, CRC is valued cheaply inside the industry as 80.09% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of CRC to the average of the S&P500 Index (26.38), we can say CRC is valued rather cheaply.
The Price/Forward Earnings ratio is 16.26, which indicates a correct valuation of CRC.
CRC's Price/Forward Earnings is on the same level as the industry average.
CRC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.6 | ||
| Fwd PE | 16.26 |
4.2 Price Multiples
85.78% of the companies in the same industry are more expensive than CRC, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CRC indicates a rather cheap valuation: CRC is cheaper than 89.57% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.2 | ||
| EV/EBITDA | 3.38 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of CRC may justify a higher PE ratio.
PEG (NY)0.86
PEG (5Y)0.45
EPS Next 2Y-15.54%
EPS Next 3Y3.5%
5. Dividend
5.1 Amount
CRC has a Yearly Dividend Yield of 3.67%.
The stock price of CRC dropped by -20.73% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 3.90, CRC has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 1.87, CRC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.67% |
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
35.94% of the earnings are spent on dividend by CRC. This is a low number and sustainable payout ratio.
DP35.94%
EPS Next 2Y-15.54%
EPS Next 3Y3.5%
43.6
-0.53 (-1.2%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners113.35%
Inst Owner Change1.73%
Ins Owners1.16%
Ins Owner Change14.4%
Market Cap3.38B
Revenue(TTM)3.62B
Net Income(TTM)384.00M
Analysts82.35
Price Target67.08 (53.85%)
Short Float %4.95%
Short Ratio4.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.67% |
Yearly Dividend1.41
Dividend Growth(5Y)N/A
DP35.94%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.39%
Min EPS beat(2)14.93%
Max EPS beat(2)19.85%
EPS beat(4)3
Avg EPS beat(4)15.8%
Min EPS beat(4)-6.92%
Max EPS beat(4)35.33%
EPS beat(8)6
Avg EPS beat(8)10.12%
EPS beat(12)8
Avg EPS beat(12)7.59%
EPS beat(16)10
Avg EPS beat(16)2.43%
Revenue beat(2)1
Avg Revenue beat(2)10.96%
Min Revenue beat(2)-1.47%
Max Revenue beat(2)23.39%
Revenue beat(4)2
Avg Revenue beat(4)5.86%
Min Revenue beat(4)-3.28%
Max Revenue beat(4)23.39%
Revenue beat(8)5
Avg Revenue beat(8)10.11%
Revenue beat(12)7
Avg Revenue beat(12)6.72%
Revenue beat(16)10
Avg Revenue beat(16)10.16%
PT rev (1m)-1.71%
PT rev (3m)7.52%
EPS NQ rev (1m)-2.04%
EPS NQ rev (3m)-20.35%
EPS NY rev (1m)2%
EPS NY rev (3m)4.39%
Revenue NQ rev (1m)0.34%
Revenue NQ rev (3m)-3.68%
Revenue NY rev (1m)-0.7%
Revenue NY rev (3m)-0.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.6 | ||
| Fwd PE | 16.26 | ||
| P/S | 0.93 | ||
| P/FCF | 6.2 | ||
| P/OCF | 4.05 | ||
| P/B | 0.98 | ||
| P/tB | 0.98 | ||
| EV/EBITDA | 3.38 |
EPS(TTM)4.54
EY10.41%
EPS(NY)2.68
Fwd EY6.15%
FCF(TTM)7.04
FCFY16.14%
OCF(TTM)10.77
OCFY24.71%
SpS46.67
BVpS44.36
TBVpS44.36
PEG (NY)0.86
PEG (5Y)0.45
Graham Number67.32
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.69% | ||
| ROE | 11.15% | ||
| ROCE | 12.32% | ||
| ROIC | 9.14% | ||
| ROICexc | 9.45% | ||
| ROICexgc | 9.45% | ||
| OM | 19.85% | ||
| PM (TTM) | 10.6% | ||
| GM | 65.49% | ||
| FCFM | 15.07% |
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-Score6
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 1.85 | ||
| Debt/EBITDA | 0.72 | ||
| Cap/Depr | 55.34% | ||
| Cap/Sales | 8.01% | ||
| Interest Coverage | 8.46 | ||
| Cash Conversion | 67.26% | ||
| Profit Quality | 142.19% | ||
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.78 | ||
| Altman-Z | 1.88 |
F-Score6
WACC8.77%
ROIC/WACC1.04
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 Y11.22%
EPS Next 2Y-15.54%
EPS Next 3Y3.5%
EPS Next 5Y2.15%
Revenue 1Y (TTM)18.87%
Revenue growth 3Y19.18%
Revenue growth 5Y3.96%
Sales Q2Q%-36.81%
Revenue Next Year16.02%
Revenue Next 2Y7.64%
Revenue Next 3Y7.57%
Revenue Next 5YN/A
EBIT growth 1Y-20.02%
EBIT growth 3Y51.69%
EBIT growth 5Y11.52%
EBIT Next Year131.8%
EBIT Next 3Y33.93%
EBIT Next 5Y21.09%
FCF growth 1Y23.53%
FCF growth 3Y-8.67%
FCF growth 5Y9.94%
OCF growth 1Y31.45%
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 5 / 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 6 / 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 5 / 10 and the dividend payout ratio is 35.94%.