CALIFORNIA RESOURCES CORP (CRC) Stock Fundamental Analysis
NYSE:CRC - New York Stock Exchange, Inc. - US13057Q3056 - Common Stock - Currency: USD
Overall CRC gets a fundamental rating of 5 out of 10. We evaluated CRC against 212 industry peers in the Oil, Gas & Consumable Fuels industry. CRC has an average financial health and profitability rating. CRC has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year CRC was profitable.
CRC had a positive operating cash flow in the past year.
CRC had positive earnings in each of the past 5 years.
CRC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 5.27%, CRC perfoms like the industry average, outperforming 57.08% of the companies in the same industry.
CRC has a Return On Equity (10.63%) which is comparable to the rest of the industry.
CRC has a Return On Invested Capital of 8.90%. This is in the better half of the industry: CRC outperforms 68.40% 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 27.42%.
The 3 year average ROIC (14.73%) for CRC is well above the current ROIC(8.90%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.27% | ||
| ROE | 10.63% | ||
| ROIC | 8.9% |
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's Profit Margin of 11.76% is in line compared to the rest of the industry. CRC outperforms 57.55% of its industry peers.
CRC's Profit Margin has declined in the last couple of years.
CRC has a Operating Margin (23.11%) which is comparable to the rest of the industry.
CRC's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 69.79%, CRC is in the better half of the industry, outperforming 78.30% 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 | 23.11% | ||
| PM (TTM) | 11.76% | ||
| GM | 69.79% |
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
CRC has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for CRC has been increased compared to 1 year ago.
Compared to 5 years ago, CRC has more shares outstanding
Compared to 1 year ago, CRC has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.67, we must say that CRC is in the distress zone and has some risk of bankruptcy.
CRC has a Altman-Z score (1.67) which is in line with its industry peers.
The Debt to FCF ratio of CRC is 3.19, which is a good value as it means it would take CRC, 3.19 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CRC (3.19) is better than 76.42% 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 in the better half of the industry: CRC outperforms 60.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 3.19 | ||
| Altman-Z | 1.67 |
ROIC/WACC0.84
WACC10.58%
2.3 Liquidity
A Current Ratio of 1.04 indicates that CRC should not have too much problems paying its short term obligations.
CRC's Current ratio of 1.04 is in line compared to the rest of the industry. CRC outperforms 44.81% of its industry peers.
CRC has a Quick Ratio of 1.04. 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 Quick ratio (0.95) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.95 |
3. Growth
3.1 Past
CRC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -26.42%.
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 14.17% in the past year. This is quite good.
CRC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.96% yearly.
EPS 1Y (TTM)-26.42%
EPS 3Y-14.99%
EPS 5Y21.5%
EPS Q2Q%-2.15%
Revenue 1Y (TTM)14.17%
Revenue growth 3Y19.18%
Revenue growth 5Y3.96%
Sales Q2Q%44.48%
3.2 Future
The Earnings Per Share is expected to grow by 4.64% on average over the next years.
CRC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.22% yearly.
EPS Next Y-15.49%
EPS Next 2Y-6.31%
EPS Next 3Y-3.67%
EPS Next 5Y4.64%
Revenue Next Year11.28%
Revenue Next 2Y3.9%
Revenue Next 3Y3.22%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 9.49, the valuation of CRC can be described as reasonable.
Based on the Price/Earnings ratio, CRC is valued a bit cheaper than 68.40% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.29. CRC is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 11.23, the valuation of CRC can be described as reasonable.
CRC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CRC is cheaper than 61.32% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CRC to the average of the S&P500 Index (21.08), we can say CRC is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.49 | ||
| Fwd PE | 11.23 |
4.2 Price Multiples
78.30% of the companies in the same industry are more expensive than CRC, based on the Enterprise Value to EBITDA ratio.
73.58% 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 | 9.11 | ||
| EV/EBITDA | 3.54 |
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 -3.67% in the coming years.
PEG (NY)N/A
PEG (5Y)0.44
EPS Next 2Y-6.31%
EPS Next 3Y-3.67%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.34%, CRC is a good candidate for dividend investing.
In the last 3 months the price of CRC has falen by -33.46%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 7.52, CRC has a dividend in line with its industry peers.
CRC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.52.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.34% |
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
30.05% of the earnings are spent on dividend by CRC. This is a low number and sustainable payout ratio.
DP30.05%
EPS Next 2Y-6.31%
EPS Next 3Y-3.67%
35.68
+1.05 (+3.03%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners94.9%
Inst Owner Change0%
Ins Owners0.47%
Ins Owner Change6.56%
Market Cap3.23B
Analysts82.22
Price Target68.49 (91.96%)
Short Float %4.79%
Short Ratio4.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.34% |
Yearly Dividend1.41
Dividend Growth(5Y)N/A
DP30.05%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.07%
Min EPS beat(2)-6.92%
Max EPS beat(2)11.07%
EPS beat(4)2
Avg EPS beat(4)2.53%
Min EPS beat(4)-11.8%
Max EPS beat(4)17.79%
EPS beat(8)5
Avg EPS beat(8)5.19%
EPS beat(12)6
Avg EPS beat(12)-2.68%
EPS beat(16)10
Avg EPS beat(16)19.1%
Revenue beat(2)1
Avg Revenue beat(2)17.5%
Min Revenue beat(2)-3.28%
Max Revenue beat(2)38.28%
Revenue beat(4)2
Avg Revenue beat(4)10.3%
Min Revenue beat(4)-4.57%
Max Revenue beat(4)38.28%
Revenue beat(8)5
Avg Revenue beat(8)6.98%
Revenue beat(12)7
Avg Revenue beat(12)10.06%
Revenue beat(16)9
Avg Revenue beat(16)7.52%
PT rev (1m)-2.08%
PT rev (3m)-1.5%
EPS NQ rev (1m)-2.74%
EPS NQ rev (3m)-30.6%
EPS NY rev (1m)-16.58%
EPS NY rev (3m)-25.9%
Revenue NQ rev (1m)3.45%
Revenue NQ rev (3m)0.75%
Revenue NY rev (1m)-1.02%
Revenue NY rev (3m)-0.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.49 | ||
| Fwd PE | 11.23 | ||
| P/S | 1.01 | ||
| P/FCF | 9.11 | ||
| P/OCF | 5.3 | ||
| P/B | 0.91 | ||
| P/tB | 0.91 | ||
| EV/EBITDA | 3.54 |
EPS(TTM)3.76
EY10.54%
EPS(NY)3.18
Fwd EY8.91%
FCF(TTM)3.92
FCFY10.98%
OCF(TTM)6.73
OCFY18.86%
SpS35.28
BVpS39.03
TBVpS39.03
PEG (NY)N/A
PEG (5Y)0.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.27% | ||
| ROE | 10.63% | ||
| ROCE | 12.01% | ||
| ROIC | 8.9% | ||
| ROICexc | 9.47% | ||
| ROICexgc | 9.47% | ||
| OM | 23.11% | ||
| PM (TTM) | 11.76% | ||
| GM | 69.79% | ||
| FCFM | 11.1% |
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-Score4
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 3.19 | ||
| Debt/EBITDA | 1 | ||
| Cap/Depr | 65.72% | ||
| Cap/Sales | 7.97% | ||
| Interest Coverage | 9.24 | ||
| Cash Conversion | 54.13% | ||
| Profit Quality | 94.41% | ||
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.95 | ||
| Altman-Z | 1.67 |
F-Score4
WACC10.58%
ROIC/WACC0.84
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)-26.42%
EPS 3Y-14.99%
EPS 5Y21.5%
EPS Q2Q%-2.15%
EPS Next Y-15.49%
EPS Next 2Y-6.31%
EPS Next 3Y-3.67%
EPS Next 5Y4.64%
Revenue 1Y (TTM)14.17%
Revenue growth 3Y19.18%
Revenue growth 5Y3.96%
Sales Q2Q%44.48%
Revenue Next Year11.28%
Revenue Next 2Y3.9%
Revenue Next 3Y3.22%
Revenue Next 5YN/A
EBIT growth 1Y-5.13%
EBIT growth 3Y51.69%
EBIT growth 5Y11.52%
EBIT Next Year121.37%
EBIT Next 3Y29.13%
EBIT Next 5Y19.89%
FCF growth 1Y-24.15%
FCF growth 3Y-8.67%
FCF growth 5Y9.94%
OCF growth 1Y-6.58%
OCF growth 3Y-2.59%
OCF growth 5Y-2.03%