DB:1CLB

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California Resources

Executive Summary

California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California.


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.


Similar Companies

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.


Market Performance


7 Day Return

-14.2%

1CLB

2.9%

DE Oil and Gas

2.7%

DE Market


1 Year Return

-93.1%

1CLB

33.3%

DE Oil and Gas

0.2%

DE Market

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.


Shareholder returns

1CLBIndustryMarket
7 Day-14.2%2.9%2.7%
30 Day-9.2%7.2%3.7%
90 Day-12.8%18.5%28.3%
1 Year-93.1%-93.1%35.6%33.3%2.3%0.2%
3 Year-84.6%-84.6%14.7%4.4%4.0%-4.5%
5 Year-97.6%-97.7%165.4%128.6%14.9%-0.3%

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

Valuation

Is California Resources undervalued compared to its fair value and its price relative to the market?

>50%

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.


Next Steps

Future Growth

How is California Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

52.5%

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


Next Steps

Past Performance

How has California Resources performed over the past 5 years?

50.4%

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.


Next Steps

Financial Health

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.


Balance Sheet


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.


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Todd Stevens (53yo)

6yrs

Tenure

US$10,497,077

Compensation

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.


Leadership Team

NamePositionTenureCompensationOwnership
Todd Stevens
President6yrsUS$10.50m0.56% $295.4k
Marshall Smith
Senior EVP & CFO6yrsUS$4.96m0.26% $134.6k
Darren Williams
Executive Vice President of Operations & Geoscience2.5yrsUS$2.96m0.14% $72.9k
Michael Preston
Senior EVP1.5yrsUS$2.79m0.12% $64.6k
Charles Weiss
Executive Vice President of Public Affairs6.5yrsUS$3.00m0.15% $79.2k
Roy Pineci
Executive VP of Finance & Chief Accounting Officerno dataUS$4.10m0.077% $40.8k
Cynthia Johnson
Chief Information Officer & VPno datano datano data
Scott Espenshade
Senior Vice President of Investor Relationsno datano datano data
Francisco Leon
Executive Vice President of Corporate Development & Strategic Planning2.5yrsno data0.063% $33.3k
Alana Sotiri
Vice President of Human Resourcesno datano datano data

4.3yrs

Average Tenure

55yo

Average Age

Experienced Management: 1CLB's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Todd Stevens
President6yrsUS$10.50m0.56% $295.4k
Robert Sinnott
Independent Director5.58yrsUS$306.50k0.061% $32.0k
Laurie Siegel
Independent Director1.92yrsUS$267.00k0.031% $16.2k
Harry McMahon
Independent Director3.33yrsUS$300.00k0.16% $83.3k
Avedick Poladian
Independent Director5.83yrsUS$280.00k0.098% $51.7k
William Albrecht
Independent Non-Executive Chairman4.17yrsUS$378.54k0.19% $99.1k
Richard Moncrief
Independent Director5.58yrsUS$280.00k0.074% $39.2k
Anita Powers
Independent Director2.92yrsUS$265.00k0.027% $14.1k
Justin Gannon
Independent Director5.58yrsUS$285.00k0.076% $39.9k

5.6yrs

Average Tenure

68yo

Average Age

Experienced Board: 1CLB's board of directors are considered experienced (5.6 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

California Resources Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • California Resources Corporation
  • 27200 Tourney Road
  • Suite 200
  • Santa Clara
  • California
  • 91355
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRCNYSE (New York Stock Exchange)YesCommon SharesUSUSDNov 2014
1CLBDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2014

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/02 22:30
End of Day Share Price2020/07/02 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.