Berry Corp (bry)

Energy
Oil & Gas Production
www.bry.com

Earnings Score
Moat Score
Safety Score

Market Cap $316.82M
PE 4
Debt $455.00M
Cash $9.47M
EV $762.35M
FCF $145.74M

Earnings

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Sales & Net Margins

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Earnings	$83.56M
EBIT	$116.43M
ROE	11%
ROA	8%
FCF	$145.74M
Equity	$732.21M
Growth Stability	1
PE	3.79
PEG	-2.09
PB	0.43
P/FCF	2.17
P/S	0.39
Price/Cash	0.03
Debt/Equity	0.62
Debt/FCF	3.12
Net Margins	4%
Op. Margins	14%
Earnings CAGR	-3%
Sales Growth YoY	-17%
Sales Growth QoQ	-9%
Sales CAGR	15%
FCF CAGR	15%
Equity CAGR	-4%
Earnings Stability	-0.23
Earnings Growth YoY	-255%
Earnings Growth QoQ	-897%
Earnings CAGR 5Y	-2%

Sales CAGR 5Y	14%
FCF CAGR 5Y	28%
Equity CAGR 5Y	-3%
Earnings CAGR 3Y	-2%
Sales CAGR 3Y	-2%
FCF CAGR 3Y	1%
Equity CAGR 3Y	2%
Market Cap	$316.82M
Revenue	$806.73M
Dividend Yield	20%
Payout Ratio	75%
Assets	$1.52B
Total Debt	$455.00M
Cash	$9.47M
Shares Outstanding	76.71M
EV	762.35M
Earnings Score	6%
Moat Score	83%
Safety Score	90%
Final Score	60%
Working Capital	-34.82M
Current Ratio	0.8
Shares Growth 3y	-2%
Equity Growth QoQ	9%
Equity Growth YoY	3%

Assets & ROA

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Stockholders Equity & ROE

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Berry Corp (bry) is a western United States independent upstream energy company with a focus on the conventional, long-lived oil reserves in the San Joaquin basin of California. The business activities of the group include development and production of conventional oil reserves.

SEC Filings

Direct access to Berry Corp (bry) (BRY) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Berry Corp (bry) compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Berry Corp (bry) compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -3%

Stability -23%

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Berry Corp (bry) Discounted Cash Flow

Fully customizable DCF calculator online for Berry Corp (bry).

Years

Calculation mode

= $4.2B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$146M	$168M	$193M	$222M	$255M	$294M	$338M	$389M	$447M	$514M	$592M	$5.9B
DCF		$152M	$159M	$167M	$174M	$182M	$191M	$199M	$209M	$218M	$228M	$2.3B
Value	$4.2B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	8%	8%	-50%	-2%	24%	4%	4%
ROA	11%	0%	-19%	-1%	13%	3%	8%
ROE	5%	4%	-37%	-2%	31%	5%	11%

Bad Net Margins (3.56%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-43.84	17.74	3.33	-39.1	1.92	3.43	3.12
Debt over Equity	0.4	0.41	0.56	0.58	0.5	0.57	0.62
Growth Stability	-	-	-	-	-	-	1

Neutral Debt/FCF ratio (3.12)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.62)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-5%	-6%	34%	50%	-18%	14%
Earnings YoY growth	-	-11%	-704%	-94%	-2K%	-85%	-2%
Equity YoY growth	-	-3%	-27%	-3%	16%	-5%	-3%
FCF YoY growth	-	-348%	430%	-109%	-2K%	-40%	28%