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Centennial Resource Development

DB:241A
Snowflake Description

Undervalued with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
241A
DB
$85M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Centennial Resource Development, Inc., an independent oil and natural gas company, focuses on the development of unconventional oil and associated liquids-rich natural gas reserves in the United States. The last earnings update was 44 days ago. More info.


Add to Portfolio Compare Print
  • Centennial Resource Development has significant price volatility in the past 3 months.
241A Share Price and Events
7 Day Returns
20%
DB:241A
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-96.3%
DB:241A
34.4%
DE Oil and Gas
-14.2%
DE Market
241A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Centennial Resource Development (241A) 20% -77.3% -92.6% -96.3% - -
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • 241A underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • 241A underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
241A
Industry
5yr Volatility vs Market

241A Value

 Is Centennial Resource Development undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Centennial Resource Development to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Centennial Resource Development.

DB:241A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:241A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 21%) (1256.96%))
7.449
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:241A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Centennial Resource Development is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:241A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 -185.56 Analyst x9 -167.94
2021 -71.57 Analyst x7 -58.63
2022 18.00 Analyst x2 13.34
2023 29.93 Est @ 66.27% 20.08
2024 43.78 Est @ 46.27% 26.59
2025 57.91 Est @ 32.28% 31.83
2026 70.92 Est @ 22.48% 35.28
2027 82.00 Est @ 15.62% 36.92
2028 90.87 Est @ 10.81% 37.03
2029 97.64 Est @ 7.45% 36.01
Present value of next 10 years cash flows $10.00
DB:241A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $97.64 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$893.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $893.92 ÷ (1 + 10.49%)10
$329.66
DB:241A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $10.00 + $329.66
$339.66
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $339.66 / 271.18
$1.25
DB:241A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:241A represents 0.95572x of NasdaqCM:CDEV
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.95572x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 1.25 x 0.95572
€1.20
Value per share (EUR) From above. €1.20
Current discount Discount to share price of €0.30
= -1 x (€0.30 - €1.20) / €1.20
74.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Centennial Resource Development is available for.
Intrinsic value
>50%
Share price is €0.3 vs Future cash flow value of €1.2
Current Discount Checks
For Centennial Resource Development to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Centennial Resource Development's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Centennial Resource Development's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Centennial Resource Development's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Centennial Resource Development's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:241A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.06
NasdaqCM:CDEV Share Price ** NasdaqCM (2020-04-07) in USD $0.31
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Centennial Resource Development.

DB:241A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:CDEV Share Price ÷ EPS (both in USD)

= 0.31 ÷ 0.06

5.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Centennial Resource Development is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Centennial Resource Development is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Centennial Resource Development's expected growth come at a high price?
Raw Data
DB:241A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
-11.7%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:241A PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.32x ÷ -11.7%

-0.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Centennial Resource Development earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Centennial Resource Development's assets?
Raw Data
DB:241A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $11.81
NasdaqCM:CDEV Share Price * NasdaqCM (2020-04-07) in USD $0.31
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:241A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:CDEV Share Price ÷ Book Value per Share (both in USD)

= 0.31 ÷ 11.81

0.03x

* Primary Listing of Centennial Resource Development.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Centennial Resource Development is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Centennial Resource Development's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Centennial Resource Development has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

241A Future Performance

 How is Centennial Resource Development expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-11.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Centennial Resource Development expected to grow at an attractive rate?
  • Centennial Resource Development's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Centennial Resource Development's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Centennial Resource Development's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:241A Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:241A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts -11.7%
DB:241A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts -13.1%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:241A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:241A Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 654 304 -57 1
2023-12-31 661 304 -28 2
2022-12-31 599 395 -80 5
2021-12-31 590 343 -141 11
2020-12-31 558 258 -250 12
2020-04-08
DB:241A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 944 564 16
2019-09-30 910 560 37
2019-06-30 916 626 80
2019-03-31 890 639 126
2018-12-31 891 670 200
2018-09-30 835 617 199
2018-06-30 711 491 175
2018-03-31 585 372 132
2017-12-31 430 260 76
2017-09-30 297 147 73
2017-06-30 213 119 53
2017-03-31 145 62 16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Centennial Resource Development's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Centennial Resource Development's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:241A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Centennial Resource Development Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:241A Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 -0.20 -0.20 -0.20 1.00
2023-12-31 -0.11 0.00 -0.21 2.00
2022-12-31 -0.21 0.09 -0.55 4.00
2021-12-31 -0.41 -0.07 -0.90 9.00
2020-12-31 -0.86 -0.42 -1.42 10.00
2020-04-08
DB:241A Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.06
2019-09-30 0.14
2019-06-30 0.30
2019-03-31 0.48
2018-12-31 0.76
2018-09-30 0.76
2018-06-30 0.67
2018-03-31 0.53
2017-12-31 0.32
2017-09-30 0.22
2017-06-30 0.20
2017-03-31 0.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Centennial Resource Development is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Centennial Resource Development's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Centennial Resource Development has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

241A Past Performance

  How has Centennial Resource Development performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Centennial Resource Development's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Centennial Resource Development has delivered over 20% year on year earnings growth in the past 5 years.
  • Centennial Resource Development's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Centennial Resource Development's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Centennial Resource Development's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Centennial Resource Development Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:241A Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 944.33 15.80 90.55
2019-09-30 910.44 37.16 86.41
2019-06-30 916.19 80.03 82.78
2019-03-31 889.72 125.70 76.16
2018-12-31 891.05 199.90 73.27
2018-09-30 834.67 199.46 76.84
2018-06-30 711.40 174.61 72.50
2018-03-31 584.70 131.84 69.93
2017-12-31 429.90 75.57 64.26
2017-09-30 296.82 72.72 49.69
2017-06-30 212.53 53.14 40.01
2017-03-31 144.81 16.25 28.64
2016-12-31 98.83 -8.04 20.24
2015-12-31 90.46 -38.33 14.29
2014-12-31 131.83 17.79 36.47

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Centennial Resource Development has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Centennial Resource Development used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Centennial Resource Development has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Centennial Resource Development's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Centennial Resource Development has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

241A Health

 How is Centennial Resource Development's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Centennial Resource Development's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Centennial Resource Development's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Centennial Resource Development's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Centennial Resource Development's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Centennial Resource Development Company Filings, last reported 3 months ago.

DB:241A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,270.70 1,057.39 10.22
2019-09-30 3,253.81 1,001.87 10.93
2019-06-30 3,267.24 881.35 28.44
2019-03-31 3,241.52 880.86 89.48
2018-12-31 3,243.87 691.63 18.16
2018-09-30 3,205.21 531.39 58.92
2018-06-30 3,158.20 421.15 42.72
2018-03-31 3,085.72 390.92 38.22
2017-12-31 3,003.97 390.76 117.32
2017-09-30 2,946.04 165.00 2.58
2017-06-30 2,925.95 35.00
2017-03-31 2,566.25 0.00 54.87
2016-12-31 2,552.94 0.00 134.08
2015-12-31 450.86 138.65 1.77
2014-12-31
  • Centennial Resource Development's level of debt (32.3%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Centennial Resource Development's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (53.4%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Centennial Resource Development's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Centennial Resource Development has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

241A Dividends

 What is Centennial Resource Development's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Centennial Resource Development dividends. Estimated to be 0% next year.
If you bought €2,000 of Centennial Resource Development shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Centennial Resource Development's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Centennial Resource Development's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:241A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:241A Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.00 1.00
2021-12-31 0.00 3.00
2020-12-31 0.00 4.00
2020-04-08

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Centennial Resource Development has not reported any payouts.
  • Unable to verify if Centennial Resource Development's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Centennial Resource Development's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Centennial Resource Development has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Centennial Resource Development's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Centennial Resource Development's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Centennial Resource Development afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Centennial Resource Development has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

241A Management

 What is the CEO of Centennial Resource Development's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sean Smith
COMPENSATION $4,374,776
AGE 46
TENURE AS CEO 0 years
CEO Bio

Mr. Sean R. Smith has been the Chief Executive Officer and Director of Centennial Resource Development, Inc. since April 1, 2020 and had been its Vice President and Chief Operating Officer since October 2016 until April 1, 2020. Mr. Smith served as Vice President of Geosciences at Centennial Resource Development, Inc. and Centennial OpCo since July 2014. He joined Centennial in 2014. Prior to joining Centennial OpCo, Mr. Smith worked at QEP Resources as a General Manager, leading the geoscience, regulatory and reservoir engineering departments for the Williston, Powder River and Denver Julesburg Basins. Prior to QEP Resources, Mr. Smith worked at Resolute Energy Corporation as a Manager and Geologist. Prior to joining Resolute, he held various geotechnical roles at Kerr-McGee and Sanchez Oil & Gas. Mr. Smith has technical experience in the oil and gas industry. He is licensed with the Texas Board of Professional Geoscientists and is a Member of the American Association of Petroleum Geologists. Mr. Smith earned his B.A. in Geology from Lawrence University.

CEO Compensation
  • Sean's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Sean's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Centennial Resource Development management team in years:

3.1
Average Tenure
49
Average Age
  • The tenure for the Centennial Resource Development management team is about average.
Management Team

Sean Smith

TITLE
CEO & Director
COMPENSATION
$4M
AGE
46

George Glyphis

TITLE
CFO, VP & Assistant Secretary
COMPENSATION
$4M
AGE
49
TENURE
3.5 yrs

Brent Jensen

TITLE
Chief Accounting Officer & VP
COMPENSATION
$2M
AGE
49
TENURE
3.1 yrs

Davis O'Connor

TITLE
VP & General Counsel
COMPENSATION
$3M
AGE
64
TENURE
3.5 yrs

Matt Garrison

TITLE
VP & COO

Hays Mabry

TITLE
Director of Investor Relations

Kathleen Phillips

TITLE
Vice President of Human Resources
TENURE
2.7 yrs

Stephen Coats

TITLE
Secretary
AGE
48
TENURE
4.4 yrs

William Weidig

TITLE
Vice President of Finance & Treasurer
TENURE
1.2 yrs

Jamie Wheat

TITLE
Vice President of Accounting
AGE
49
TENURE
3.1 yrs
Board of Directors Tenure

Average tenure and age of the Centennial Resource Development board of directors in years:

3.5
Average Tenure
54
Average Age
  • The tenure for the Centennial Resource Development board of directors is about average.
Board of Directors

Steve Shapiro

TITLE
Independent Non-Executive Chairman
COMPENSATION
$51K
AGE
67

Sean Smith

TITLE
CEO & Director
COMPENSATION
$4M
AGE
46

Jeffrey Tepper

TITLE
Independent Director
COMPENSATION
$256K
AGE
54
TENURE
4.2 yrs

Maire Baldwin

TITLE
Lead Independent Director
COMPENSATION
$306K
AGE
53
TENURE
2.3 yrs

Karl Bandtel

TITLE
Independent Director
COMPENSATION
$256K
AGE
53
TENURE
3.5 yrs

Robert Tichio

TITLE
Director
AGE
42
TENURE
3.5 yrs

David Leuschen

TITLE
Director
AGE
67
TENURE
3.5 yrs

Pierre Lapeyre

TITLE
Director
AGE
56
TENURE
3.5 yrs

Matt Hyde

TITLE
Independent Director
COMPENSATION
$256K
AGE
63
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Centennial Resource Development individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
05. Mar 20 Buy Steven Shapiro Individual 03. Mar 20 03. Mar 20 50,000 €1.72 €86,218
05. Mar 20 Buy George Glyphis Individual 03. Mar 20 04. Mar 20 25,000 €1.72 €42,976
05. Dec 19 Buy Davis O'Connor Individual 03. Dec 19 03. Dec 19 10,000 €2.73 €27,313
19. Nov 19 Buy George Glyphis Individual 15. Nov 19 18. Nov 19 37,500 €2.96 €106,205
19. Nov 19 Buy Mark Papa Individual 15. Nov 19 15. Nov 19 100,000 €3.11 €311,027
13. Nov 19 Buy Steven Shapiro Individual 08. Nov 19 11. Nov 19 50,000 €3.13 €155,039
13. Nov 19 Buy George Glyphis Individual 08. Nov 19 13. Nov 19 37,500 €3.06 €114,119
13. Aug 19 Buy George Glyphis Individual 09. Aug 19 09. Aug 19 50,000 €4.18 €209,240
X
Management checks
We assess Centennial Resource Development's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Centennial Resource Development has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

241A News

Simply Wall St News

241A Company Info

Description

Centennial Resource Development, Inc., an independent oil and natural gas company, focuses on the development of unconventional oil and associated liquids-rich natural gas reserves in the United States. The company’s assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks primarily in Reeves County in West Texas and Lea County in New Mexico. As of December 31, 2019, it leased or acquired approximately 78,195 net acres; and owned 1,569 net mineral acres in the Delaware Basin. The company was formerly known as Silver Run Acquisition Corporation and changed its name to Centennial Resource Development, Inc. in October 2016. Centennial Resource Development, Inc. was incorporated in 2015 and is headquartered in Denver, Colorado.

Details
Name: Centennial Resource Development, Inc.
241A
Exchange: DB
Founded: 2015
$78,160,733
271,181,475
Website: http://www.cdevinc.com
Address: Centennial Resource Development, Inc.
1001 Seventeenth Street,
Suite 1800,
Denver,
Colorado, 80202,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM CDEV Class A Common Stock Nasdaq Capital Market US USD 18. Apr 2016
DB 241A Class A Common Stock Deutsche Boerse AG DE EUR 18. Apr 2016
LSE 0HVD Class A Common Stock London Stock Exchange GB USD 18. Apr 2016
BMV CDEV * Class A Common Stock Bolsa Mexicana de Valores MX MXN 18. Apr 2016
Number of employees
Current staff
Staff numbers
195
Centennial Resource Development employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 05:56
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/24
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.