California Resources Revenue vs. Price To Earning

CRC Stock  USD 53.60  1.72  3.11%   
Based on California Resources' profitability indicators, California Resources' profitability may be sliding down. It has an above-average risk of reporting lower numbers next quarter. Profitability indicators assess California Resources' ability to earn profits and add value for shareholders.
 
Total Revenue  
First Reported
2013-03-31
Previous Quarter
509 M
Current Value
1.4 B
Quarterly Volatility
243.4 M
 
Yuan Drop
 
Covid
At present, California Resources' EV To Sales is projected to increase slightly based on the last few years of reporting. The current year's Operating Cash Flow Sales Ratio is expected to grow to 0.33, whereas Days Sales Outstanding is forecasted to decline to 31.72. At present, California Resources' Operating Income is projected to decrease significantly based on the last few years of reporting. The current year's Income Before Tax is expected to grow to about 785.4 M, whereas Total Other Income Expense Net is forecasted to decline to (63 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.340.4995
Way Down
Pretty Stable
For California Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of California Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well California Resources Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between California Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of California Resources Corp over time as well as its relative position and ranking within its peers.
  

California Resources' Revenue Breakdown by Earning Segment

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Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of California Resources. If investors know California will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about California Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.92)
Dividend Share
1.318
Earnings Share
7.02
Revenue Per Share
35.122
Quarterly Revenue Growth
0.502
The market value of California Resources Corp is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Resources' value that differs from its market value or its book value, called intrinsic value, which is California Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because California Resources' market value can be influenced by many factors that don't directly affect California Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between California Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if California Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

California Resources Corp Price To Earning vs. Revenue Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining California Resources's current stock value. Our valuation model uses many indicators to compare California Resources value to that of its competitors to determine the firm's financial worth.
California Resources Corp is rated fourth in revenue category among its peers. It is rated below average in price to earning category among its peers . The ratio of Revenue to Price To Earning for California Resources Corp is about  2,115,037,594 . At present, California Resources' Total Revenue is projected to decrease significantly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the California Resources' earnings, one of the primary drivers of an investment's value.

California Revenue vs. Competition

California Resources Corp is rated fourth in revenue category among its peers. Market size based on revenue of Energy industry is currently estimated at about 21.15 Billion. California Resources retains roughly 2.81 Billion in revenue claiming about 13% of equities under Energy industry.

California Price To Earning vs. Revenue

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.

California Resources

Revenue

 = 

Money Received

-

Discounts and Returns

 = 
2.81 B
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

California Resources

P/E

 = 

Market Value Per Share

Earnings Per Share

 = 
1.33 X
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.

California Price To Earning Comparison

California Resources is currently under evaluation in price to earning category among its peers.

California Resources Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in California Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, California Resources will eventually generate negative long term returns. The profitability progress is the general direction of California Resources' change in net profit over the period of time. It can combine multiple indicators of California Resources, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income74 M77.7 M
Operating Income808 M848.4 M
Income Before Tax748 M785.4 M
Net Income564 M592.2 M
Income Tax Expense184 M193.2 M
Total Other Income Expense Net-60 M-63 M
Interest Income48.6 M46.2 M
Net Income Applicable To Common Shares602.6 M632.7 M
Net Interest Income-57 M-59.9 M
Net Income From Continuing Ops459 M553.3 M
Non Operating Income Net Other2.3 M2.4 M
Change To Netincome877.5 M921.3 M
Net Income Per Share 8.10  8.51 
Income Quality 1.16  1.60 
Net Income Per E B T 0.75  0.81 

California Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on California Resources. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of California Resources position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the California Resources' important profitability drivers and their relationship over time.

Use California Resources in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if California Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in California Resources will appreciate offsetting losses from the drop in the long position's value.

California Resources Pair Trading

California Resources Corp Pair Trading Analysis

The ability to find closely correlated positions to California Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace California Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back California Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling California Resources Corp to buy it.
The correlation of California Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as California Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California Resources Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for California Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your California Resources position

In addition to having California Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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When determining whether California Resources Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of California Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of California Resources Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on California Resources Corp Stock:
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You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
To fully project California Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of California Resources Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include California Resources' income statement, its balance sheet, and the statement of cash flows.
Potential California Resources investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although California Resources investors may work on each financial statement separately, they are all related. The changes in California Resources's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on California Resources's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.