California Resources Corporation
Find Ratings ReportsCALIFORNIA RESOURCES CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago. CALIFORNIA RESOURCES CORP has average liquidity. Currently, the Quick Ratio is 1.26 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 19.04% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.
Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 726.0 | 682.0 |
EBITDA ($mil) | 324.0 | 193.0 |
EBIT ($mil) | 258.0 | 133.0 |
Net Income ($mil) | 188.0 | 83.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 496.0 | 307.0 |
Total Assets ($mil) | 3998.0 | 3967.0 |
Total Debt ($mil) | 610.0 | 662.0 |
Equity ($mil) | 2219.0 | 1864.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 53.86 | 37.1 |
EBITDA Margin | 44.62 | 28.29 |
Operating Margin | 35.54 | 19.5 |
Sales Turnover | 0.7 | 0.68 |
Return on Assets | 14.1 | 13.2 |
Return on Equity | 25.42 | 28.11 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.51 | 0.97 |
Debt/Capital | 0.22 | 0.26 |
Interest Expense | 13.0 | 14.0 |
Interest Coverage | 19.85 | 9.5 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 68.69 | 71.95 |
Div / share | 0.31 | 0.28 |
EPS | 2.6 | 1.11 |
Book value / share | 32.3 | 25.91 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 964065.0 | 586711.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 13.90 for the Oil and Gas Extraction subsector and a significant discount compared to the S&P 500 average of 28.11. Conducting a second comparison, its price-to-book ratio of 1.69 indicates a significant discount versus the S&P 500 average of 4.71 and a discount versus the subsector average of 2.50. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, CALIFORNIA RESOURCES CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRC 7.08 | Peers 13.90 | CRC 5.75 | Peers 5.84 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. CRC is trading at a significant discount to its peers. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. CRC is trading at a valuation on par to its peers. |
|||||||||||||||||||||||
Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
CRC 7.67 | Peers 11.32 | CRC NM | Peers 8.88 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. CRC is trading at a discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. CRC's negative PEG ratio makes this valuation measure meaningless. |
|||||||||||||||||||||||
Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
CRC 1.69 | Peers 2.50 | CRC 12.37 | Peers 5.13 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. CRC is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. CRC is expected to have an earnings growth rate that significantly exceeds its peers. |
|||||||||||||||||||||||
Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
CRC 1.34 | Peers 2.51 | CRC 3.47 | Peers -8.42 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. CRC is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. CRC has a sales growth rate that significantly exceeds its peers. |
|||||||||||||||||||||||