CALIFORNIA RESOURCES CORP (CRC) Stock Fundamental Analysis
NYSE:CRC - New York Stock Exchange, Inc. - US13057Q3056 - Common Stock - Currency: USD
CRC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 211 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 correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year CRC was profitable.
In the past year CRC had a positive cash flow from operations.
CRC had positive earnings in each of the past 5 years.
In the past 5 years CRC always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of CRC (7.34%) is better than 73.93% of its industry peers.
CRC's Return On Equity of 14.25% is fine compared to the rest of the industry. CRC outperforms 69.67% of its industry peers.
CRC has a Return On Invested Capital of 11.73%. This is amongst the best in the industry. CRC outperforms 84.36% of its industry peers.
CRC had an Average Return On Invested Capital over the past 3 years of 14.73%. This is significantly below the industry average of 23.70%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.34% | ||
| ROE | 14.25% | ||
| ROIC | 11.73% |
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 13.70%, CRC is in the better half of the industry, outperforming 63.51% of the companies in the same industry.
CRC's Profit Margin has declined in the last couple of years.
The Operating Margin of CRC (25.38%) is comparable to the rest of the industry.
CRC's Operating Margin has improved in the last couple of years.
CRC's Gross Margin of 69.75% is fine compared to the rest of the industry. CRC outperforms 78.20% 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 | 25.38% | ||
| PM (TTM) | 13.7% | ||
| GM | 69.75% |
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.
CRC has more shares outstanding than it did 1 year ago.
CRC has more shares outstanding than it did 5 years ago.
The debt/assets ratio for CRC is higher compared to a year ago.
2.2 Solvency
CRC has an Altman-Z score of 2.05. 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.
CRC's Altman-Z score of 2.05 is fine compared to the rest of the industry. CRC outperforms 67.30% of its industry peers.
The Debt to FCF ratio of CRC is 2.23, which is a good value as it means it would take CRC, 2.23 years of fcf income to pay off all of its debts.
CRC has a Debt to FCF ratio of 2.23. This is amongst the best in the industry. CRC outperforms 81.52% of its industry peers.
CRC has a Debt/Equity ratio of 0.25. This is a healthy value indicating a solid balance between debt and equity.
CRC has a better Debt to Equity ratio (0.25) than 67.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 2.23 | ||
| Altman-Z | 2.05 |
ROIC/WACC1.32
WACC8.87%
2.3 Liquidity
A Current Ratio of 0.83 indicates that CRC may have some problems paying its short term obligations.
CRC's Current ratio of 0.83 is on the low side compared to the rest of the industry. CRC is outperformed by 68.25% of its industry peers.
A Quick Ratio of 0.74 indicates that CRC may have some problems paying its short term obligations.
The Quick ratio of CRC (0.74) is worse than 66.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.83 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
CRC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.32%, which is quite impressive.
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.
The Revenue has grown by 63.87% in the past year. This is a very strong growth!
The Revenue has been growing slightly by 3.96% on average over the past years.
EPS 1Y (TTM)26.32%
EPS 3Y-14.99%
EPS 5Y21.5%
EPS Q2Q%42.67%
Revenue 1Y (TTM)63.87%
Revenue growth 3Y19.18%
Revenue growth 5Y3.96%
Sales Q2Q%100.88%
3.2 Future
Based on estimates for the next years, CRC will show a small growth in Earnings Per Share. The EPS will grow by 4.64% on average per year.
Based on estimates for the next years, CRC will show a small growth in Revenue. The Revenue will grow by 2.99% on average per year.
EPS Next Y-2.84%
EPS Next 2Y-4.47%
EPS Next 3Y4.33%
EPS Next 5Y4.64%
Revenue Next Year8.19%
Revenue Next 2Y2.71%
Revenue Next 3Y2.99%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 11.19, which indicates a very decent valuation of CRC.
67.30% of the companies in the same industry are more expensive than CRC, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.15, CRC is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 13.31, the valuation of CRC can be described as correct.
CRC's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.60, CRC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.19 | ||
| Fwd PE | 13.31 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CRC is valued cheaply inside the industry as 83.41% of the companies are valued more expensively.
CRC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CRC is cheaper than 77.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.99 | ||
| EV/EBITDA | 3.49 |
4.3 Compensation for Growth
The decent profitability rating of CRC may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.52
EPS Next 2Y-4.47%
EPS Next 3Y4.33%
5. Dividend
5.1 Amount
CRC has a Yearly Dividend Yield of 3.39%. Purely for dividend investing, there may be better candidates out there.
CRC's Dividend Yield is comparable with the industry average which is at 6.66.
CRC's Dividend Yield is a higher than the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.39% |
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 25.35% of its income as dividend. This is a sustainable payout ratio.
DP25.35%
EPS Next 2Y-4.47%
EPS Next 3Y4.33%
45.67
0 (0%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners92.38%
Inst Owner Change-3.83%
Ins Owners0.7%
Ins Owner Change16.06%
Market Cap4.07B
Analysts81.18
Price Target58.74 (28.62%)
Short Float %6.29%
Short Ratio5.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.39% |
Yearly Dividend1.41
Dividend Growth(5Y)N/A
DP25.35%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)14.2%
Min EPS beat(2)-6.92%
Max EPS beat(2)35.33%
EPS beat(4)2
Avg EPS beat(4)6.92%
Min EPS beat(4)-11.8%
Max EPS beat(4)35.33%
EPS beat(8)5
Avg EPS beat(8)5.46%
EPS beat(12)7
Avg EPS beat(12)1.22%
EPS beat(16)10
Avg EPS beat(16)11%
Revenue beat(2)1
Avg Revenue beat(2)0.76%
Min Revenue beat(2)-3.28%
Max Revenue beat(2)4.8%
Revenue beat(4)3
Avg Revenue beat(4)12.64%
Min Revenue beat(4)-3.28%
Max Revenue beat(4)38.28%
Revenue beat(8)5
Avg Revenue beat(8)7.22%
Revenue beat(12)8
Avg Revenue beat(12)16.1%
Revenue beat(16)10
Avg Revenue beat(16)8.65%
PT rev (1m)-1.11%
PT rev (3m)-15.41%
EPS NQ rev (1m)-1.43%
EPS NQ rev (3m)4.84%
EPS NY rev (1m)7.31%
EPS NY rev (3m)0.75%
Revenue NQ rev (1m)-3.44%
Revenue NQ rev (3m)-4.88%
Revenue NY rev (1m)-0.84%
Revenue NY rev (3m)-3.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.19 | ||
| Fwd PE | 13.31 | ||
| P/S | 1.11 | ||
| P/FCF | 8.99 | ||
| P/OCF | 5.74 | ||
| P/B | 1.16 | ||
| P/tB | 1.16 | ||
| EV/EBITDA | 3.49 |
EPS(TTM)4.08
EY8.93%
EPS(NY)3.43
Fwd EY7.51%
FCF(TTM)5.08
FCFY11.12%
OCF(TTM)7.95
OCFY17.41%
SpS41
BVpS39.43
TBVpS39.43
PEG (NY)N/A
PEG (5Y)0.52
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.34% | ||
| ROE | 14.25% | ||
| ROCE | 15.82% | ||
| ROIC | 11.73% | ||
| ROICexc | 12.17% | ||
| ROICexgc | 12.17% | ||
| OM | 25.38% | ||
| PM (TTM) | 13.7% | ||
| GM | 69.75% | ||
| FCFM | 12.39% |
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
ROICexcg growth 3Y17.49%
ROICexcg 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-Score7
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 2.23 | ||
| Debt/EBITDA | 0.64 | ||
| Cap/Depr | 54.94% | ||
| Cap/Sales | 7% | ||
| Interest Coverage | 13.45 | ||
| Cash Conversion | 50.86% | ||
| Profit Quality | 90.42% | ||
| Current Ratio | 0.83 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 2.05 |
F-Score7
WACC8.87%
ROIC/WACC1.32
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)26.32%
EPS 3Y-14.99%
EPS 5Y21.5%
EPS Q2Q%42.67%
EPS Next Y-2.84%
EPS Next 2Y-4.47%
EPS Next 3Y4.33%
EPS Next 5Y4.64%
Revenue 1Y (TTM)63.87%
Revenue growth 3Y19.18%
Revenue growth 5Y3.96%
Sales Q2Q%100.88%
Revenue Next Year8.19%
Revenue Next 2Y2.71%
Revenue Next 3Y2.99%
Revenue Next 5YN/A
EBIT growth 1Y136.13%
EBIT growth 3Y51.69%
EBIT growth 5Y11.52%
EBIT Next Year116.43%
EBIT Next 3Y29.9%
EBIT Next 5Y19.89%
FCF growth 1Y-11.7%
FCF growth 3Y-8.67%
FCF growth 5Y9.94%
OCF growth 1Y-15.6%
OCF growth 3Y-2.59%
OCF growth 5Y-2.03%