California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California.
Slightly overvalued with imperfect balance sheet.
Share Price & News
How has California Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1CLB's share price has been volatile over the past 3 months.
7 Day Return
DE Oil and Gas
1 Year Return
DE Oil and Gas
Return vs Industry: 1CLB underperformed the German Oil and Gas industry which returned 33.3% over the past year.
Return vs Market: 1CLB underperformed the German Market which returned 0.2% over the past year.
Price Volatility Vs. Market
How volatile is California Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is California Resources undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1CLB (€1.09) is trading below our estimate of fair value (€223.94)
Significantly Below Fair Value: 1CLB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1CLB is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: 1CLB is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1CLB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1CLB has negative assets, so we can't compare its PB Ratio to the DE Oil and Gas industry average.
How is California Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1CLB is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: 1CLB is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: 1CLB is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: 1CLB's revenue is expected to decline over the next 3 years (-24.3% per year).
High Growth Revenue: 1CLB's revenue is forecast to decline over the next 3 years (-24.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 1CLB's Return on Equity is forecast to be high in 3 years time
How has California Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1CLB is currently unprofitable.
Growing Profit Margin: 1CLB is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 1CLB is unprofitable, but has reduced losses over the past 5 years at a rate of 50.4% per year.
Accelerating Growth: Unable to compare 1CLB's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 1CLB is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-16.2%).
Return on Equity
High ROE: 1CLB's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is California Resources's financial position?
Financial Position Analysis
Short Term Liabilities: 1CLB has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 1CLB has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 1CLB has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 1CLB's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 1CLB has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1CLB is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 18.6% per year.
What is California Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 1CLB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 1CLB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 1CLB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 1CLB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 1CLB is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 1CLB's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Todd Stevens (53yo)
Mr. Todd A. Stevens has been the Chief Executive Officer and President of California Resources Corporation since July 2014. Mr. Stevens served as Vice President of Corporate Development at Occidental Petro ...
CEO Compensation Analysis
Compensation vs Market: Todd's total compensation ($USD10.50M) is above average for companies of similar size in the German market ($USD476.27K).
Compensation vs Earnings: Todd's compensation has increased whilst the company is unprofitable.
|Senior EVP & CFO||6yrs||US$4.96m||0.26% $134.6k|
|Executive Vice President of Operations & Geoscience||2.5yrs||US$2.96m||0.14% $72.9k|
|Senior EVP||1.5yrs||US$2.79m||0.12% $64.6k|
|Executive Vice President of Public Affairs||6.5yrs||US$3.00m||0.15% $79.2k|
|Executive VP of Finance & Chief Accounting Officer||no data||US$4.10m||0.077% $40.8k|
|Chief Information Officer & VP||no data||no data||no data|
|Senior Vice President of Investor Relations||no data||no data||no data|
|Executive Vice President of Corporate Development & Strategic Planning||2.5yrs||no data||0.063% $33.3k|
|Vice President of Human Resources||no data||no data||no data|
Experienced Management: 1CLB's management team is considered experienced (4.3 years average tenure).
|Independent Director||5.58yrs||US$306.50k||0.061% $32.0k|
|Independent Director||1.92yrs||US$267.00k||0.031% $16.2k|
|Independent Director||3.33yrs||US$300.00k||0.16% $83.3k|
|Independent Director||5.83yrs||US$280.00k||0.098% $51.7k|
|Independent Non-Executive Chairman||4.17yrs||US$378.54k||0.19% $99.1k|
|Independent Director||5.58yrs||US$280.00k||0.074% $39.2k|
|Independent Director||2.92yrs||US$265.00k||0.027% $14.1k|
|Independent Director||5.58yrs||US$285.00k||0.076% $39.9k|
Experienced Board: 1CLB's board of directors are considered experienced (5.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
California Resources Corporation's company bio, employee growth, exchange listings and data sources
- Name: California Resources Corporation
- Ticker: 1CLB
- Exchange: DB
- Founded: 2014
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$59.344m
- Listing Market Cap: US$52.786m
- Shares outstanding: 49.45m
- Website: https://www.crc.com
Number of Employees
- California Resources Corporation
- 27200 Tourney Road
- Suite 200
- Santa Clara
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CRC||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Nov 2014|
|1CLB||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Nov 2014|
California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. The company sells crude oil, natural gas, and natural gas liquids to marketers, California refineries, and other purchasers that have access to transportation and storage facilities. It holds interests in approximately 2.2 million net acres of mineral acreage. As of December 31, 2019, the company had net proved reserves of 644 million barrels of oil equivalent. It also engages in the generation and sale of electricity to the grid and utility customers. The company was founded in 2014 and is based in Los Angeles, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/02 22:30|
|End of Day Share Price||2020/07/02 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.