California Resources Corporation

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $450M normalized annual FCF base (TTM FCF $385M adjusted toward mid-cycle oil price); 2% FCF growth yrs 1-5, 1% yrs 6-10; 10% discount rate; 1.5% terminal growth; $1,291M net debt; 88.82M shares outstanding.

Reasoning: California Resources is a mature, cash-generative California oil & gas producer with growing carbon capture/management optionality; a normalized FCF DCF captures its base hydrocarbon cash flows while staying conservative on carbon-management upside not yet monetized.