Stock CRC CALIFORNIA RESOURCES CORPORATION
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Financials California Resources Corporation

Equities

CRC

US13057Q3056

Oil & Gas Exploration and Production

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
54.9 USD -0.65% Intraday chart for California Resources Corporation +0.86% +0.40%
Apr. 23 Stifel Adjusts Price Target on California Resources to $69 From $68, Maintains Buy Rating MT
Apr. 10 Barclays Initiates Coverage on California Resources With Equalweight Rating, $62 Price Target MT

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 3,434 3,167 3,752 3,775 - -
Enterprise Value (EV) 1 3,718 3,452 3,796 4,101 3,560 3,134
P/E ratio 5.8 x 6.45 x 7.03 x 11.8 x 9 x 9.82 x
Yield 0.4% 1.82% 2.12% 2.26% 2.26% 2.26%
Capitalization / Revenue 1.82 x 1.17 x 1.34 x 1.33 x 1.08 x 1.14 x
EV / Revenue 1.97 x 1.28 x 1.36 x 1.45 x 1.02 x 0.94 x
EV / EBITDA 4.32 x 4.05 x 4.4 x 4.27 x 2.7 x 2.32 x
EV / FCF 7.98 x 11.1 x 8.11 x 9.85 x 5.21 x 5.75 x
FCF Yield 12.5% 9.01% 12.3% 10.2% 19.2% 17.4%
Price to Book - - - - - -
Nbr of stocks (in thousands) 80,393 72,788 68,620 68,762 - -
Reference price 2 42.71 43.51 54.68 54.90 54.90 54.90
Announcement Date 2/24/22 2/24/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,634 - 1,889 2,707 2,801 2,828 3,502 3,318
EBITDA 1 1,142 - 860 852 862 959.3 1,318 1,353
EBIT 1 671 - 583 594 564 518.5 801 822
Operating Margin 25.47% - 30.86% 21.94% 20.14% 18.33% 22.88% 24.77%
Earnings before Tax (EBT) 1 100 1,871 229 761 748 524 813 991
Net income 1 -28 1,766 612 524 564 382.7 572.7 618.5
Net margin -1.06% - 32.4% 19.36% 20.14% 13.53% 16.35% 18.64%
EPS 2 - - 7.370 6.750 7.780 4.665 6.100 5.590
Free Cash Flow 1 159 - 466 311 468 416.5 683 545.5
FCF margin 6.04% - 24.67% 11.49% 16.71% 14.73% 19.51% 16.44%
FCF Conversion (EBITDA) 13.92% - 54.19% 36.5% 54.29% 43.42% 51.81% 40.32%
FCF Conversion (Net income) - - 76.14% 59.35% 82.98% 108.84% 119.27% 88.2%
Dividend per Share 2 - - 0.1700 0.7925 1.158 1.240 1.240 1.240
Announcement Date 2/26/20 3/11/21 2/24/22 2/24/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 588 634 628 747 1,125 682 1,024 591 460 726 471 471 977 910 882
EBITDA 1 242 260 206 204 234 208 358 138 187 179 138.3 145.7 357 318 322.5
EBIT 1 171 192 142 139 169 144 281 63 113 107 65.5 54.5 200 199 230
Operating Margin 29.08% 30.28% 22.61% 18.61% 15.02% 21.11% 27.44% 10.66% 24.57% 14.74% 13.91% 11.57% 20.47% 21.87% 26.08%
Earnings before Tax (EBT) 1 107 318 - 266 579 117 376 135 -30 267 51 81 231 161 178
Net income 1 103 714 -175 190 426 83 301 97 -22 188 44.33 48.33 160 129.7 139
Net margin 17.52% 112.62% -27.87% 25.44% 37.87% 12.17% 29.39% 16.41% -4.78% 25.9% 9.41% 10.26% 16.38% 14.25% 15.76%
EPS 2 1.250 8.710 -2.230 2.410 5.580 1.110 4.090 1.350 -0.3200 2.600 0.6650 0.6050 1.685 1.470 1.520
Dividend per Share 2 - - - - - - - - - 0.3100 0.3100 0.3100 0.3100 0.3100 0.3100
Announcement Date 11/11/21 2/24/22 5/5/22 8/3/22 11/3/22 2/24/23 5/2/23 7/31/23 11/1/23 2/27/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,960 - 284 285 44 326 - -
Net Cash position 1 - - - - - - 215 641
Leverage (Debt/EBITDA) 4.343 x - 0.3302 x 0.3345 x 0.051 x 0.3398 x - -
Free Cash Flow 1 159 - 466 311 468 417 683 546
ROE (net income / shareholders' equity) - - 43.3% 21.6% 27.6% 38.9% - -
ROA (Net income/ Total Assets) -0.4% - - - - - - -
Assets 1 7,058 - - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share 2 - - 7.950 8.890 9.010 10.20 12.00 11.90
Capex 1 455 - 194 379 185 292 379 515
Capex / Sales 17.27% - 10.27% 14% 6.6% 10.33% 10.83% 15.51%
Announcement Date 2/26/20 3/11/21 2/24/22 2/24/23 2/27/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for California Resources Corporation

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
54.9 USD
Average target price
63 USD
Spread / Average Target
+14.75%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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