Discounted Cash Flow

California Resources Corp.

CRC · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $1.5b $279.0m $55.0m 18.0% $6.76
2017 $2.0b (29.7%) $-266.0m (-195.3%) $-123.0m (-323.6%) -13.3% (-173.5%) $-6.26 (-192.6%)
2018 $3.1b (52.7%) $328.0m (223.3%) $-229.0m (-86.2%) 10.7% (180.8%) $6.77 (208.1%)
2019 $2.7b (-12.1%) $-28.0m (-108.5%) $221.0m (196.5%) -1.0% (-109.7%) $-0.57 (-108.4%)
2020 $1.3b (-51.1%) $1.9b (6846.4%) $78.0m (-64.7%) 143.5% (13905.6%) $40.59 (7221.1%)
2021 $2.0b (55.6%) $612.0m (-67.6%) $466.0m (497.4%) 29.9% (-79.2%) $7.46 (-81.6%)
2022 $2.6b (29.1%) $524.0m (-14.4%) $311.0m (-33.3%) 19.8% (-33.7%) $6.94 (-7.0%)
2023 $2.2b (-18.5%) $564.0m (7.6%) $468.0m (50.5%) 26.2% (32.0%) $8.10 (16.7%)
2024 $2.5b (17.7%) $376.0m (-33.3%) $355.0m (-24.1%) 14.8% (-43.4%) $4.74 (-41.5%)
2025 $2.9b (14.7%) $363.0m (-3.5%) $543.0m (53.0%) 12.5% (-15.8%) $4.17 (-12.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model