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California Resources

DB:1CLB
Snowflake Description

Good value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1CLB
DB
$934M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. The last earnings update was 75 days ago. More info.


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  • California Resources has significant price volatility in the past 3 months.
1CLB Share Price and Events
7 Day Returns
2.4%
DB:1CLB
3.9%
DE Oil and Gas
-1%
DE Market
1 Year Returns
-48.6%
DB:1CLB
20.2%
DE Oil and Gas
-6.2%
DE Market
1CLB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
California Resources (1CLB) 2.4% 11.7% -31.1% -48.6% 40.7% -
DE Oil and Gas 3.9% 4.8% 11.7% 20.2% 29.5% 74.6%
DE Market -1% 2.1% -1.8% -6.2% 10.4% 12.6%
1 Year Return vs Industry and Market
  • 1CLB underperformed the Oil and Gas industry which returned 20.2% over the past year.
  • 1CLB underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
1CLB
Industry
5yr Volatility vs Market

1CLB Value

 Is California Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of California Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for California Resources.

DB:1CLB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:1CLB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.926 (1 + (1- 21%) (567.3%))
3.732
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:1CLB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for California Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:1CLB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.15%)
2020 345.00 Analyst x1 307.63
2021 229.72 Est @ -33.42% 182.64
2022 176.14 Est @ -23.32% 124.88
2023 147.50 Est @ -16.26% 93.25
2024 130.82 Est @ -11.31% 73.74
2025 120.55 Est @ -7.85% 60.59
2026 114.01 Est @ -5.43% 51.10
2027 109.75 Est @ -3.73% 43.86
2028 106.96 Est @ -2.54% 38.12
2029 105.13 Est @ -1.71% 33.41
Present value of next 10 years cash flows $1,009.21
DB:1CLB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $105.13 × (1 + 0.23%) ÷ (12.15% – 0.23%)
$884.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $884.00 ÷ (1 + 12.15%)10
$280.89
DB:1CLB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,009.21 + $280.89
$1,290.10
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,290.10 / 48.80
$26.44
DB:1CLB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:1CLB represents 0.93682x of NYSE:CRC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.93682x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 26.44 x 0.93682
€24.77
Value per share (EUR) From above. €24.77
Current discount Discount to share price of €17.20
= -1 x (€17.20 - €24.77) / €24.77
30.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price California Resources is available for.
Intrinsic value
31%
Share price is €17.2 vs Future cash flow value of €24.77
Current Discount Checks
For California Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • California Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • California Resources's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for California Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are California Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1CLB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $5.28
NYSE:CRC Share Price ** NYSE (2019-07-16) in USD $18.36
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 8.84x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 19.92x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of California Resources.

DB:1CLB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CRC Share Price ÷ EPS (both in USD)

= 18.36 ÷ 5.28

3.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • California Resources is good value based on earnings compared to the DE Oil and Gas industry average.
  • California Resources is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does California Resources's expected growth come at a high price?
Raw Data
DB:1CLB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
42.3%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 56 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

DB:1CLB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.48x ÷ 42.3%

0.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • California Resources is good value based on expected growth next year.
Price based on value of assets
What value do investors place on California Resources's assets?
Raw Data
DB:1CLB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $-8.73
NYSE:CRC Share Price * NYSE (2019-07-16) in USD $18.36
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.31x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:1CLB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CRC Share Price ÷ Book Value per Share (both in USD)

= 18.36 ÷ -8.73

-2.1x

* Primary Listing of California Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • California Resources has negative assets, we can't compare the value of its assets to the DE Oil and Gas industry average.
X
Value checks
We assess California Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. California Resources has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1CLB Future Performance

 How is California Resources expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
42.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is California Resources expected to grow at an attractive rate?
  • California Resources's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • California Resources's earnings growth is expected to exceed the Germany market average.
  • California Resources's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:1CLB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:1CLB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 42.3%
DB:1CLB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 0.4%
Germany Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -8.2%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:1CLB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1CLB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31 2,942 907 297 4
2019-12-31 2,672 681 92 3
DB:1CLB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 3,195 419 256
2018-12-31 3,062 461 321
2018-09-30 2,840 416 -156
2018-06-30 2,468 362 -355
2018-03-31 2,225 315 -320
2017-12-31 2,096 248 -266
2017-09-30 2,001 210 -204
2017-06-30 1,961 206 461
2017-03-31 1,923 148 375
2016-12-31 1,753 130 273
2016-09-30 1,735 136 -2,933
2016-06-30 1,823 215 -3,569

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • California Resources's earnings are expected to grow significantly at over 20% yearly.
  • California Resources's revenue is expected to grow by 0.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:1CLB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from California Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1CLB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 7.15 11.63 2.66 2.00
2019-12-31 2.32 3.07 1.57 2.00
DB:1CLB Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 5.28
2018-12-31 6.77
2018-09-30 -3.40
2018-06-30 -7.99
2018-03-31 -7.45
2017-12-31 -6.26
2017-09-30 -4.80
2017-06-30 10.97
2017-03-31 9.07
2016-12-31 6.76
2016-09-30 -74.54
2016-06-30 -92.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if California Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess California Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
California Resources has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1CLB Past Performance

  How has California Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare California Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • California Resources's year on year earnings growth rate has been positive over the past 5 years.
  • California Resources has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • California Resources has become profitable in the last year making it difficult to compare the Europe Oil and Gas industry average.
Earnings and Revenue History
California Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from California Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1CLB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,195.00 256.00 364.00
2018-12-31 3,062.00 321.00 342.00
2018-09-30 2,840.00 -156.00 327.00
2018-06-30 2,468.00 -355.00 309.00
2018-03-31 2,225.00 -320.00 283.00
2017-12-31 2,096.00 -266.00 281.00
2017-09-30 2,001.00 -204.00 279.00
2017-06-30 1,961.00 461.00 265.00
2017-03-31 1,923.00 375.00 262.00
2016-12-31 1,753.00 273.00 271.00
2016-09-30 1,735.00 -2,933.00 256.00
2016-06-30 1,823.00 -3,569.00 268.00
2016-03-31 2,040.00 -3,504.00 288.00
2015-12-31 2,270.00 -3,554.00 323.00
2015-09-30 2,607.00 -2,352.00 372.00
2015-06-30 3,141.00 -2,063.00 403.00
2015-03-31 3,629.00 -1,753.00 399.00
2014-12-31 4,178.00 -1,434.00 404.00
2014-09-30 4,432.00 844.00 404.00
2014-06-30 4,447.00 894.00 400.00
2014-03-31 4,357.00 857.00 427.00
2013-12-31 4,284.00 855.00 382.00
2012-12-31 4,073.00 688.00 421.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst California Resources made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • California Resources used its assets less efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • California Resources has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess California Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
California Resources has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1CLB Health

 How is California Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up California Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • California Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • California Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of California Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from California Resources Company Filings, last reported 3 months ago.

DB:1CLB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 477.00 5,269.00 43.00
2018-12-31 509.00 5,251.00 17.00
2018-09-30 140.00 5,108.00 31.00
2018-06-30 90.00 5,075.00 42.00
2018-03-31 70.00 4,941.00 494.00
2017-12-31 -720.00 5,306.00 20.00
2017-09-30 -574.00 5,139.00 28.00
2017-06-30 -491.00 5,169.00 9.00
2017-03-31 -447.00 5,121.00 50.00
2016-12-31 -557.00 5,268.00 12.00
2016-09-30 -493.00 5,247.00 10.00
2016-06-30 -1,045.00 5,942.00 2.00
2016-03-31 -952.00 5,972.00 10.00
2015-12-31 -916.00 6,143.00 12.00
2015-09-30 2,355.00 6,420.00 4.00
2015-06-30 2,455.00 6,526.00 37.00
2015-03-31 2,516.00 6,504.00 28.00
2014-12-31 2,611.00 6,360.00 14.00
2014-09-30 10,869.00 0.00 105.00
2014-06-30 10,274.00 0.00
2014-03-31 9,979.00 0.00
2013-12-31 9,989.00 0.00
2012-12-31 9,860.00 0.00
  • California Resources's level of debt (1104.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 1104.6% today).
  • Debt is not well covered by operating cash flow (8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess California Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. California Resources has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1CLB Dividends

 What is California Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from California Resources dividends. Estimated to be 0% next year.
If you bought €2,000 of California Resources shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate California Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate California Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:1CLB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 56 Stocks 5.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:1CLB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00
DB:1CLB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-08-03 0.000 0.000
2017-05-04 0.000 0.000
2017-02-24 0.000 0.000
2017-02-16 0.000 0.000
2016-11-03 0.000 0.000
2016-08-04 0.000 0.000
2016-05-05 0.000 0.000
2016-02-29 0.000 0.000
2015-08-05 0.000 0.000
2015-05-07 0.400 0.651
2015-04-30 0.400 0.467
2015-02-27 0.400 0.511

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as California Resources has not reported any payouts.
  • Unable to verify if California Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of California Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as California Resources has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of California Resources's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess California Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can California Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. California Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1CLB Management

 What is the CEO of California Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Todd Stevens
COMPENSATION $7,734,657
AGE 52
TENURE AS CEO 5 years
CEO Bio

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 Petroleum Corporation from August 2012 to July 2014, as Vice President ofCalifornia Operations, Oxy Oil & Gas from 2008 to 2012 and Vice President of Acquisitions and Corporate Finance from October 14, 2004 to 2012. He has led Occidental’s growth-focused initiatives including mergers and acquisitions, land management and worldwide exploration and has played a key role in the capital allocation process. From 2008 to 2012, he was Vice President, California Operations, for Occidental. He joined Occidental in 1995 and has filled a series of progressively more responsible roles in the Corporate Development Department. Most recently, he served as Director of Mergers and Acquisitions, with responsibility for evaluating and developing strategic and business opportunities, including restructuring alternatives, mergers and acquisitions and asset dispositions. He has been a Director of California Resources Corporation since July 2014. Mr. Stevens holds a Master of Business Administration degree from the University of Southern California and a Bachelor of Science degree from the United States Military Academy.

CEO Compensation
  • Todd's compensation has increased in line with California Resources recently becoming profitable.
  • Todd's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the California Resources management team in years:

5
Average Tenure
53
Average Age
  • The average tenure for the California Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Todd Stevens

TITLE
President
COMPENSATION
$8M
AGE
52
TENURE
5 yrs

Mark Smith

TITLE
Senior EVP & CFO
COMPENSATION
$4M
AGE
59
TENURE
5 yrs

Charles Weiss

TITLE
Executive Vice President of Public Affairs
COMPENSATION
$2M
AGE
55
TENURE
5.5 yrs

Shawn Kerns

TITLE
Executive Vice President of Operations & Engineering
COMPENSATION
$2M
AGE
48
TENURE
1.5 yrs

Darren Williams

TITLE
Executive Vice President of Operations & Geoscience
COMPENSATION
$2M
AGE
47
TENURE
1.5 yrs

Roy Pineci

TITLE
Executive VP of Finance & Chief Accounting Officer
COMPENSATION
$4M
AGE
56

Cynthia Johnson

TITLE
Chief Information Officer & VP

Scott Espenshade

TITLE
Senior Vice President of Investor Relations

Michael Preston

TITLE
Executive VP
AGE
54
TENURE
5.5 yrs

Francisco Leon

TITLE
Executive Vice President of Corporate Development & Strategic Planning
AGE
42
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the California Resources board of directors in years:

4.6
Average Tenure
67.5
Average Age
  • The tenure for the California Resources board of directors is about average.
Board of Directors

Bill Albrecht

TITLE
Non-Executive Chairman
COMPENSATION
$419K
AGE
67
TENURE
3.2 yrs

Todd Stevens

TITLE
President
COMPENSATION
$8M
AGE
52
TENURE
5 yrs

Justin Gannon

TITLE
Independent Director
COMPENSATION
$288K
AGE
69
TENURE
4.6 yrs

Richard Moncrief

TITLE
Independent Director
COMPENSATION
$283K
AGE
76
TENURE
4.6 yrs

Bob Sinnott

TITLE
Independent Director
COMPENSATION
$283K
AGE
70
TENURE
4.6 yrs

Harry McMahon

TITLE
Independent Director
COMPENSATION
$293K
AGE
65
TENURE
2.3 yrs

Harold Korell

TITLE
Lead Independent Director
COMPENSATION
$295K
AGE
74
TENURE
4.6 yrs

Dick Poladian

TITLE
Independent Director
COMPENSATION
$283K
AGE
68
TENURE
4.8 yrs

Anita Powers

TITLE
Independent Director
COMPENSATION
$262K
AGE
63
TENURE
1.9 yrs

Laurie Siegel

TITLE
Independent Director
COMPENSATION
$132K
AGE
63
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by California Resources individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
29. May 19 Buy Todd Stevens Individual 29. May 19 29. May 19 1,000 €14.55 €14,548
29. May 19 Buy Harold Korell Individual 28. May 19 28. May 19 10,000 €14.72 €147,170
29. May 19 Buy Harry McMahon Individual 29. May 19 29. May 19 15,230 €14.71 €224,091
28. May 19 Buy Laurie Siegel Individual 28. May 19 28. May 19 3,000 €15.01 €45,036
26. Nov 18 Buy Justin Gannon Individual 21. Nov 18 21. Nov 18 1,000 €19.96 €19,960
20. Nov 18 Buy Harold Korell Individual 20. Nov 18 20. Nov 18 4,736 €18.52 €87,721
06. Nov 18 Buy Harold Korell Individual 06. Nov 18 06. Nov 18 1,848 €25.56 €47,238
X
Management checks
We assess California Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. California Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1CLB News

Simply Wall St News

1CLB Company Info

Description

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, 2018, the company had net proved reserves of 712 million barrels of oil equivalent. It also generates and sells electricity to the grid and utility customers. The company was founded in 2014 and is based in Los Angeles, California.

Details
Name: California Resources Corporation
1CLB
Exchange: DB
Founded: 2014
$832,351,531
48,800,217
Website: http://www.crc.com
Address: California Resources Corporation
9200 Oakdale Avenue,
9th Floor,
Los Angeles,
California, 91311,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CRC Common Shares New York Stock Exchange US USD 14. Nov 2014
DB 1CLB Common Shares Deutsche Boerse AG DE EUR 14. Nov 2014
Number of employees
Current staff
Staff numbers
1,500
California Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 21:55
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.