CALIFORNIA RESOURCES CORP (CRC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CRC - US13057Q3056 - Common Stock
44.71 USD
+0.03 (+0.07%)
44.71 USD
0 (0%)
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. Both the profitability and the financial health of CRC get a neutral evaluation. Nothing too spectacular is happening here. 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.
In the past year CRC had a positive cash flow from operations.
In the past 5 years CRC has always been profitable.
Each year in the past 5 years CRC had a positive operating cash flow.
1.2 Ratios
The Return On Assets of CRC (5.69%) is better than 69.38% of its industry peers.
CRC's Return On Equity of 11.15% is fine compared to the rest of the industry. CRC outperforms 67.46% of its industry peers.
With a decent Return On Invested Capital value of 9.14%, CRC is doing good in the industry, outperforming 79.90% 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 21.18%.
The 3 year average ROIC (14.73%) for CRC is well above the current ROIC(9.14%). The reason for the recent decline needs to be investigated.
| 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 58.85% of its industry peers.
CRC's Profit Margin has declined in the last couple of years.
CRC has a Operating Margin (19.85%) which is in line with its industry peers.
CRC's Operating Margin has improved in the last couple of years.
CRC has a better Gross Margin (65.49%) than 73.21% 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 | 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
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 increased compared to 1 year ago.
CRC has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CRC has a worse debt to assets ratio.
2.2 Solvency
CRC has an Altman-Z score of 1.90. 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 has a better Altman-Z score (1.90) than 66.03% 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.
Looking at the Debt to FCF ratio, with a value of 1.85, CRC belongs to the top of the industry, outperforming 83.73% of the companies in the same industry.
A Debt/Equity ratio of 0.26 indicates that CRC is not too dependend on debt financing.
CRC has a better Debt to Equity ratio (0.26) than 66.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 1.85 | ||
| Altman-Z | 1.9 |
ROIC/WACC1.04
WACC8.79%
2.3 Liquidity
A Current Ratio of 0.89 indicates that CRC may have some problems paying its short term obligations.
The Current ratio of CRC (0.89) is worse than 61.24% of its industry peers.
A Quick Ratio of 0.78 indicates that CRC may have some problems paying its short term obligations.
CRC has a Quick ratio of 0.78. This is in the lower half of the industry: CRC underperforms 60.77% 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.
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 18.87% in the past year. This is quite good.
The Revenue has been growing slightly by 3.96% on average over the past years.
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
Based on estimates for the next years, CRC will show a small growth in Earnings Per Share. The EPS will grow by 2.15% on average per year.
CRC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.50% yearly.
EPS Next Y12.48%
EPS Next 2Y-24.31%
EPS Next 3Y1.01%
EPS Next 5Y2.15%
Revenue Next Year16.32%
Revenue Next 2Y6.19%
Revenue Next 3Y6.5%
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
A Price/Earnings ratio of 9.85 indicates a reasonable valuation of CRC.
Based on the Price/Earnings ratio, CRC is valued cheaper than 81.34% of the companies in the same industry.
CRC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.51.
With a Price/Forward Earnings ratio of 20.76, CRC is valued on the expensive side.
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 (23.13), we can say CRC is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.85 | ||
| Fwd PE | 20.76 |
4.2 Price Multiples
CRC's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CRC is cheaper than 86.60% of the companies in the same industry.
89.47% 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 | 6.36 | ||
| EV/EBITDA | 3.45 |
4.3 Compensation for Growth
CRC's 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)0.79
PEG (5Y)0.46
EPS Next 2Y-24.31%
EPS Next 3Y1.01%
5. Dividend
5.1 Amount
CRC has a Yearly Dividend Yield of 3.68%. Purely for dividend investing, there may be better candidates out there.
CRC's Dividend Yield is comparable with the industry average which is at 3.93.
Compared to an average S&P500 Dividend Yield of 2.00, CRC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.68% |
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-24.31%
EPS Next 3Y1.01%
44.71
+0.03 (+0.07%)
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 Change14.62%
Market Cap3.47B
Revenue(TTM)3.62B
Net Income(TTM)384.00M
Analysts82.35
Price Target66.54 (48.83%)
Short Float %5.01%
Short Ratio4.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.68% |
Yearly Dividend1.41
Dividend Growth(5Y)N/A
DP35.94%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
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)-1.91%
PT rev (3m)6.64%
EPS NQ rev (1m)5.48%
EPS NQ rev (3m)-20.35%
EPS NY rev (1m)3.16%
EPS NY rev (3m)0.29%
Revenue NQ rev (1m)0.48%
Revenue NQ rev (3m)-3.68%
Revenue NY rev (1m)-0.45%
Revenue NY rev (3m)-0.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.85 | ||
| Fwd PE | 20.76 | ||
| P/S | 0.96 | ||
| P/FCF | 6.36 | ||
| P/OCF | 4.15 | ||
| P/B | 1.01 | ||
| P/tB | 1.01 | ||
| EV/EBITDA | 3.45 |
EPS(TTM)4.54
EY10.15%
EPS(NY)2.15
Fwd EY4.82%
FCF(TTM)7.04
FCFY15.74%
OCF(TTM)10.77
OCFY24.09%
SpS46.67
BVpS44.36
TBVpS44.36
PEG (NY)0.79
PEG (5Y)0.46
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 | 1.9 |
F-Score6
WACC8.79%
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 Y12.48%
EPS Next 2Y-24.31%
EPS Next 3Y1.01%
EPS Next 5Y2.15%
Revenue 1Y (TTM)18.87%
Revenue growth 3Y19.18%
Revenue growth 5Y3.96%
Sales Q2Q%-36.81%
Revenue Next Year16.32%
Revenue Next 2Y6.19%
Revenue Next 3Y6.5%
Revenue Next 5YN/A
EBIT growth 1Y-20.02%
EBIT growth 3Y51.69%
EBIT growth 5Y11.52%
EBIT Next Year131.25%
EBIT Next 3Y33.59%
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 for CRC stock?
ChartMill assigns a valuation rating of 7 / 10 to CALIFORNIA RESOURCES CORP (CRC). This can be considered as Undervalued.
Can you provide the profitability details for CALIFORNIA RESOURCES CORP?
CALIFORNIA RESOURCES CORP (CRC) has a profitability rating of 6 / 10.
How financially healthy is CALIFORNIA RESOURCES CORP?
The financial health rating of CALIFORNIA RESOURCES CORP (CRC) is 4 / 10.
How sustainable is the dividend of CALIFORNIA RESOURCES CORP (CRC) stock?
The dividend rating of CALIFORNIA RESOURCES CORP (CRC) is 5 / 10 and the dividend payout ratio is 35.94%.