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Ranger Oil Corporation (ROCC) Stock Fundamental Analysis

NASDAQ:ROCC - Nasdaq - US70788V1026 - Common Stock - Currency: USD

37.47  -0.75 (-1.96%)

After market: 37.72 +0.25 (+0.67%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to ROCC. ROCC was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of ROCC while its profitability can be described as average. ROCC is growing strongly while it also seems undervalued. This is an interesting combination


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

ROCC had positive earnings in the past year.
In the past year ROCC had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: ROCC reported negative net income in multiple years.
In multiple years ROCC reported negative operating cash flow during the last 5 years.
ROCC Yearly Net Income VS EBIT VS OCF VS FCFROCC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 0 200M 400M 600M 800M 1B

1.2 Ratios

With a Return On Assets value of 13.40%, ROCC perfoms like the industry average, outperforming 57.40% of the companies in the same industry.
With an excellent Return On Equity value of 52.59%, ROCC belongs to the best of the industry, outperforming 83.41% of the companies in the same industry.
ROCC has a better Return On Invested Capital (27.30%) than 77.58% of its industry peers.
Industry RankSector Rank
ROA 13.4%
ROE 52.59%
ROIC 27.3%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROCC Yearly ROA, ROE, ROICROCC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 0 100 200 300 400 500

1.3 Margins

ROCC has a Profit Margin (24.39%) which is in line with its industry peers.
In the last couple of years the Profit Margin of ROCC has remained more or less at the same level.
ROCC has a Operating Margin of 54.67%. This is amongst the best in the industry. ROCC outperforms 82.06% of its industry peers.
ROCC's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 82.58%, ROCC belongs to the top of the industry, outperforming 86.55% of the companies in the same industry.
ROCC's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 54.67%
PM (TTM) 24.39%
GM 82.58%
OM growth 3YN/A
OM growth 5Y12.22%
PM growth 3YN/A
PM growth 5Y-1.4%
GM growth 3YN/A
GM growth 5Y2.5%
ROCC Yearly Profit, Operating, Gross MarginsROCC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 200 400 600

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2

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ROCC is creating value.
The number of shares outstanding for ROCC has been reduced compared to 1 year ago.
ROCC has a better debt/assets ratio than last year.
ROCC Yearly Shares OutstandingROCC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 10M 20M 30M 40M
ROCC Yearly Total Debt VS Total AssetsROCC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B 2B

2.2 Solvency

ROCC has an Altman-Z score of 1.98. This is not the best score and indicates that ROCC is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 1.98, ROCC is in line with its industry, outperforming 53.36% of the companies in the same industry.
A Debt/Equity ratio of 1.18 is on the high side and indicates that ROCC has dependencies on debt financing.
The Debt to Equity ratio of ROCC (1.18) is worse than 73.54% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.18
Debt/FCF N/A
Altman-Z 1.98
ROIC/WACC2.95
WACC9.25%
ROCC Yearly LT Debt VS Equity VS FCFROCC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 0 200M 400M 600M

2.3 Liquidity

A Current Ratio of 0.71 indicates that ROCC may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.71, ROCC is doing worse than 75.78% of the companies in the same industry.
A Quick Ratio of 0.65 indicates that ROCC may have some problems paying its short term obligations.
ROCC's Quick ratio of 0.65 is on the low side compared to the rest of the industry. ROCC is outperformed by 75.78% of its industry peers.
Industry RankSector Rank
Current Ratio 0.71
Quick Ratio 0.65
ROCC Yearly Current Assets VS Current LiabilitesROCC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M

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8

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 48.47% over the past year.
Measured over the past years, ROCC shows a very strong growth in Earnings Per Share. The EPS has been growing by 28.69% on average per year.
ROCC shows a strong growth in Revenue. In the last year, the Revenue has grown by 53.45%.
ROCC shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 48.22% yearly.
EPS 1Y (TTM)48.47%
EPS 3Y4.65%
EPS 5Y28.69%
EPS Q2Q%-47.79%
Revenue 1Y (TTM)53.45%
Revenue growth 3YN/A
Revenue growth 5Y48.22%
Sales Q2Q%0.66%

3.2 Future

Based on estimates for the next years, ROCC will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.22% on average per year.
Based on estimates for the next years, ROCC will show a quite strong growth in Revenue. The Revenue will grow by 11.79% on average per year.
EPS Next Y18.11%
EPS Next 2Y18.43%
EPS Next 3Y15.22%
EPS Next 5YN/A
Revenue Next Year5.46%
Revenue Next 2Y9.64%
Revenue Next 3Y11.79%
Revenue Next 5YN/A

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
ROCC Yearly Revenue VS EstimatesROCC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
ROCC Yearly EPS VS EstimatesROCC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

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7

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 4.08, which indicates a rather cheap valuation of ROCC.
Based on the Price/Earnings ratio, ROCC is valued a bit cheaper than the industry average as 76.23% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.45. ROCC is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 2.60, the valuation of ROCC can be described as very cheap.
Based on the Price/Forward Earnings ratio, ROCC is valued cheaply inside the industry as 95.96% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of ROCC to the average of the S&P500 Index (21.90), we can say ROCC is valued rather cheaply.
Industry RankSector Rank
PE 4.08
Fwd PE 2.6
ROCC Price Earnings VS Forward Price EarningsROCC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

ROCC's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ROCC is cheaper than 94.17% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 1.47
ROCC Per share dataROCC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

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 ROCC may justify a higher PE ratio.
ROCC's earnings are expected to grow with 15.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.23
PEG (5Y)0.14
EPS Next 2Y18.43%
EPS Next 3Y15.22%

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0

5. Dividend

5.1 Amount

ROCC has a yearly dividend return of 0.80%, which is pretty low.
Compared to an average industry Dividend Yield of 6.51, ROCC is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.38, ROCC's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.8%

5.2 History

ROCC does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
ROCC Yearly Dividends per shareROCC Yearly Dividends per shareYearly Dividends per share 2022 2023 0.1 0.2 0.3 0.4

5.3 Sustainability

DPN/A
EPS Next 2Y18.43%
EPS Next 3Y15.22%
ROCC Yearly Income VS Free CF VS DividendROCC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 0 200M 400M 600M 800M 1B

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Ranger Oil Corporation

NASDAQ:ROCC (6/16/2023, 8:00:02 PM)

After market: 37.72 +0.25 (+0.67%)

37.47

-0.75 (-1.96%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)05-08 2023-05-08/amc
Earnings (Next)07-31 2023-07-31/amc
Inst Owners0%
Inst Owner Change-98.78%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap712.30M
Analysts78.18
Price Target51.82 (38.3%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.8%
Yearly Dividend0.07
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-36.6%
Min EPS beat(2)-54.98%
Max EPS beat(2)-18.22%
EPS beat(4)1
Avg EPS beat(4)-19.38%
Min EPS beat(4)-54.98%
Max EPS beat(4)1.53%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-3.01%
Min Revenue beat(2)-4.71%
Max Revenue beat(2)-1.3%
Revenue beat(4)2
Avg Revenue beat(4)9.54%
Min Revenue beat(4)-4.71%
Max Revenue beat(4)31.3%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.55%
PT rev (3m)-3.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.26%
EPS NY rev (1m)0%
EPS NY rev (3m)-8.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-15.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.92%
Valuation
Industry RankSector Rank
PE 4.08
Fwd PE 2.6
P/S 0.62
P/FCF N/A
P/OCF 1.01
P/B 1.34
P/tB 1.34
EV/EBITDA 1.47
EPS(TTM)9.19
EY24.53%
EPS(NY)14.41
Fwd EY38.44%
FCF(TTM)-0.92
FCFYN/A
OCF(TTM)36.92
OCFY98.53%
SpS60.33
BVpS27.98
TBVpS27.98
PEG (NY)0.23
PEG (5Y)0.14
Profitability
Industry RankSector Rank
ROA 13.4%
ROE 52.59%
ROCE N/A
ROIC 27.3%
ROICexc 27.49%
ROICexgc 27.49%
OM 54.67%
PM (TTM) 24.39%
GM 82.58%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y30.35%
ROICexc growth 3YN/A
ROICexc growth 5Y30.35%
OM growth 3YN/A
OM growth 5Y12.22%
PM growth 3YN/A
PM growth 5Y-1.4%
GM growth 3YN/A
GM growth 5Y2.5%
F-Score8
Asset Turnover0.55
Health
Industry RankSector Rank
Debt/Equity 1.18
Debt/FCF N/A
Debt/EBITDA 0.69
Cap/Depr 257.94%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.71
Quick Ratio 0.65
Altman-Z 1.98
F-Score8
WACC9.25%
ROIC/WACC2.95
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)48.47%
EPS 3Y4.65%
EPS 5Y28.69%
EPS Q2Q%-47.79%
EPS Next Y18.11%
EPS Next 2Y18.43%
EPS Next 3Y15.22%
EPS Next 5YN/A
Revenue 1Y (TTM)53.45%
Revenue growth 3YN/A
Revenue growth 5Y48.22%
Sales Q2Q%0.66%
Revenue Next Year5.46%
Revenue Next 2Y9.64%
Revenue Next 3Y11.79%
Revenue Next 5YN/A
EBIT growth 1Y47.44%
EBIT growth 3YN/A
EBIT growth 5Y66.33%
EBIT Next Year25.3%
EBIT Next 3Y15.89%
EBIT Next 5YN/A
FCF growth 1Y72.61%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y133.69%
OCF growth 3YN/A
OCF growth 5Y52.57%