Company Valuation: California Resources Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,434 3,167 3,752 4,741 3,743 4,936 - -
Change - -7.76% 18.48% 26.36% -21.06% 31.87% - -
Enterprise Value (EV) 1 3,718 3,452 3,796 5,501 4,894 6,012 5,596 4,894
Change - -7.14% 9.97% 44.92% -11.04% 22.86% -6.93% -12.54%
P/E 5.8x 6.45x 7.03x 11.2x 10.8x -78.2x 11.5x 7.33x
PBR - - - 1.34x 1.08x 1.42x 1.39x 1.31x
PEG - -0.77x 0.5x -0.3x -1.1x 1x -0x 0.1x
Capitalization / Revenue 1.82x 1.17x 1.34x 1.48x 1.02x 1.38x 1.35x 1.25x
EV / Revenue 1.97x 1.28x 1.36x 1.72x 1.33x 1.68x 1.53x 1.24x
EV / EBITDA 4.32x 4.05x 4.4x 5.47x 3.94x 4.67x 4.26x 3.02x
EV / EBIT 6.38x 5.81x 6.73x 10.8x 8.27x 9.42x 7.58x 4.57x
EV / FCF 7.98x 11.1x 8.11x 15.5x 9.01x 11.8x 11.8x 7.41x
FCF Yield 12.5% 9.01% 12.3% 6.45% 11.1% 8.49% 8.48% 13.5%
Dividend per Share 2 0.17 0.7925 1.158 1.395 1.568 1.66 1.696 1.79
Rate of return 0.4% 1.82% 2.12% 2.69% 3.51% 2.99% 3.05% 3.22%
EPS 2 7.37 6.75 7.78 4.62 4.15 -0.7102 4.819 7.586
Distribution rate 2.31% 11.7% 14.9% 30.2% 37.8% -234% 35.2% 23.6%
Net sales 1 1,889 2,707 2,801 3,198 3,669 3,587 3,650 3,954
EBITDA 1 860 852 862 1,006 1,241 1,286 1,314 1,619
EBIT 1 583 594 564 508 592 638.1 738.6 1,071
Net income 1 612 524 564 376 363 -62.95 407.6 591.3
Net Debt 1 284 285 44 760 1,151 1,077 660.1 -41.69
Reference price 2 42.71 43.51 54.68 51.89 44.71 55.57 55.57 55.57
Nbr of stocks (in thousands) 80,393 72,788 68,620 91,373 83,712 88,820 - -
Announcement Date 2/24/22 2/24/23 2/27/24 3/3/25 3/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-78.25x1.68x4.67x2.99% 4.94B
12.72x2.43x5.53x2.52% 162B
12.57x3.35x6.41x3.55% 105B
8.65x2.64x4.61x2.84% 76.25B
7.77x2.56x4.04x1.69% 60.63B
9.92x1.47x4.8x1.9% 61.3B
12.04x3.63x5.15x2.18% 55.91B
9.54x2.59x5.02x2.3% 55.66B
12.22x3.43x5.16x5.71% 44.35B
5.63x1.64x3.93x4.8% 36.45B
Average 1.28x 2.54x 4.93x 3.05% 66.27B
Weighted average by Cap. 10.09x 2.65x 5.17x 2.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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