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70.05 (1y: -15%)
Market Cap 1.62 B P/E(ttm) 17.30
Enterprise Value 1.53 B P/B 2.30
CRR- NYSE (USA)
Carbo Ceramics, Inc.
  • Currently 5/5
Business Predictability Rank: 5-Star (On Watch)
Back Testing Results:
Average gain of all 5-Star stocks: 12.1% per year.
% of Stocks that are in still loss if held for 10yrs: 3%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$70.05
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 10/10

vs
industry		 vs
history
Cash to Debt No Debt
CRR's Cash to Debt is ranked higher than
81% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.50 vs. CRR: No Debt )
CRR' s 10-Year Cash to Debt Range
Min: 0.11   Max: No Debt
Current: No Debt
Equity to Asset 0.841
CRR's Equity to Asset is ranked higher than
92% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.46 vs. CRR: 0.841 )
CRR' s 10-Year Equity to Asset Range
Min: 0.73   Max: 0.87
Current: 0.84
0.73
0.87
Interest Coverage No Debt
CRR's Interest Coverage is ranked higher than
72% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 27.90 vs. CRR: No Debt )
CRR' s 10-Year Interest Coverage Range
Min: 59   Max: No Debt
Current: No Debt
F-Score: 5
Z-Score: 12.82
M-Score: -2.69
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry		 vs
history
Operating margin (%) 24.60
CRR's Operating margin (%) is ranked higher than
77% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 12.20 vs. CRR: 24.60 )
CRR' s 10-Year Operating margin (%) Range
Min: 22.5   Max: 31.6
Current: 24.6
22.5
31.6
Net-margin (%) 16.4
CRR's Net-margin (%) is ranked higher than
77% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 7.70 vs. CRR: 16.4 )
CRR' s 10-Year Net-margin (%) Range
Min: 15.1   Max: 28.4
Current: 16.4
15.1
28.4
ROE (%) 14.9
CRR's ROE (%) is ranked higher than
61% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 10.80 vs. CRR: 14.9 )
CRR' s 10-Year ROE (%) Range
Min: 11.2   Max: 24.9
Current: 14.9
11.2
24.9
ROA (%) 13.1
CRR's ROA (%) is ranked higher than
81% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 5.20 vs. CRR: 13.1 )
CRR' s 10-Year ROA (%) Range
Min: 9.8   Max: 20.1
Current: 13.1
9.8
20.1
ROC (Joel Greenblatt) (%) 25.00
CRR's ROC (Joel Greenblatt) (%) is ranked higher than
71% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 12.20 vs. CRR: 25.00 )
CRR' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 17.5   Max: 40.3
Current: 25
17.5
40.3
Revenue Growth (%) 17.4
CRR's Revenue Growth (%) is ranked higher than
91% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.00 vs. CRR: 17.4 )
CRR' s 10-Year Revenue Growth (%) Range
Min: 3.7   Max: 17.6
Current: 17.4
3.7
17.6
EBITDA Growth (%) 18.4
CRR's EBITDA Growth (%) is ranked higher than
91% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -1.00 vs. CRR: 18.4 )
CRR' s 10-Year EBITDA Growth (%) Range
Min: 2.5   Max: 22.1
Current: 18.4
2.5
22.1
EPS Growth (%) 19.2
CRR's EPS Growth (%) is ranked higher than
84% of the 170 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -2.70 vs. CRR: 19.2 )
CRR' s 10-Year EPS Growth (%) Range
Min: 0.6   Max: 23.6
Current: 19.2
0.6
23.6
ยป CRR's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

CRR Guru Trades in Q2 2012

Joel Greenblatt 4,665 sh (New)
Tom Gayner 69,000 sh (+56.82%)
Manning & Napier Advisors, Inc 64,220 sh (+4.8%)
Murray Stahl 2,697 sh (+3.85%)
Lee Ainslie Sold Out
Paul Tudor Jones Sold Out
Chuck Royce 584,250 sh (-0.51%)
Ron Baron 2,172,431 sh (-5.21%)
John Burbank 14,800 sh (-42.41%)
Steven Cohen 4,049 sh (-68.37%)
» More
Q3 2012

CRR Guru Trades in Q3 2012

Richard Snow 3,845 sh (New)
Joel Greenblatt 26,822 sh (+474.96%)
Tom Gayner 155,000 sh (+124.64%)
Murray Stahl 3,197 sh (+18.54%)
Manning & Napier Advisors, Inc 73,220 sh (+14.01%)
Chuck Royce 614,950 sh (+5.25%)
John Burbank Sold Out
Steven Cohen Sold Out
Ron Baron 1,609,082 sh (-25.93%)
» More
Q4 2012

CRR Guru Trades in Q4 2012

Richard Snow 11,510 sh (+199.35%)
Tom Gayner 173,000 sh (+11.61%)
Chuck Royce 569,350 sh (-7.42%)
Joel Greenblatt 24,058 sh (-10.3%)
Murray Stahl 2,697 sh (-15.64%)
Ron Baron 1,233,013 sh (-23.37%)
Manning & Napier Advisors, Inc 29,090 sh (-60.27%)
» More
Q1 2013

CRR Guru Trades in Q1 2013

Steven Cohen 2,700 sh (New)
Murray Stahl 3,197 sh (+18.54%)
Tom Gayner 186,000 sh (+7.51%)
Chuck Royce 577,870 sh (+1.5%)
Ron Baron 1,205,847 sh (-2.2%)
Manning & Napier Advisors, Inc 28,000 sh (-3.75%)
Richard Snow 10,885 sh (-5.43%)
Joel Greenblatt 13,986 sh (-41.87%)
» More
» Details

Insider Trades

Latest Guru Trades with CRR

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-03-31 Reduce -41.87%0.05%$75.03 - $97.53 $ 70.05-19%13986
Ron Baron 2012-12-31 Reduce -23.37%0.15%$61 - $81.67 $ 70.05-4%1233013
Ron Baron 2012-09-30 Reduce -25.93%0.29%$62.89 - $86.26 $ 70.05-2%1609082
Tom Gayner 2012-09-30 Add 124.64%0.23%$62.89 - $86.26 $ 70.05-2%155000
Joel Greenblatt 2012-09-30 Add 474.96%0.09%$62.89 - $86.26 $ 70.05-2%26822
John Burbank 2012-09-30 Sold Out 0.04%$62.89 - $86.26 $ 70.05-2%0
Lee Ainslie 2012-06-30 Sold Out 0.46%$72.86 - $104.07 $ 70.05-17%0
Tom Gayner 2012-06-30 Add 56.82%0.09%$72.86 - $104.07 $ 70.05-17%69000
John Burbank 2012-06-30 Reduce -42.41%0.04%$72.86 - $104.07 $ 70.05-17%14800
Joel Greenblatt 2012-06-30 New Buy0.03%$72.86 - $104.07 $ 70.05-17%4665
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Carbo Ceramics, Inc.

Baron Funds Comments on CARBO Ceramics - Feb 20, 2013

CARBO Ceramics, Inc. (CRR) is the leading supplier of advanced material proppants for the oil and gas industry. After underperforming for much of the year, its shares rebounded strongly in the fourth quarter when it appeared that the problems of oversupplied markets and logistical challenges that were hurting pricing, costs, and volumes were abating. As a result, earnings estimates have stabilized and begun to improve for 2013. Investors are now beginning to look at the next phase of growth for the company in late 2013 and 2014, as it brings on new capacity. (Jamie Stone)

From Baron Funds' fourth quarter commentary.


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Baron Funds' Comments on CARBO Ceramics - Aug 23, 2012

From Baron Funds' second quarter commentary:

CARBO Ceramics, Inc. (CRR) is the leading supplier of ceramic proppant to the shale oil and gas industry. CARBO Ceramic's share price fell significantly during the period as a result of a decline in gas drilling in the United States caused by unusually low gas prices. The decline in gas drilling caused CARBO to incur unusual transportation costs to reposition its proppant inventory. Less drilling coupled with this business' increased proppant production capacity and increased competition from ceramic and sand proppant produced in China have negatively impacted the company's current earnings.We reduced our holdings in CARBO but not by enough to significantly mitigate the impact of short term negative fundamentals.We continue to believe that the company's proppant has superior characteristics to its competition which should help this business recover over the long term as shale oil and gas drilling increases. (Jamie Stone)
Check out Ron Baron latest stock trades

Baron Funds Comments on CARBO Ceramics - May 24, 2012

From Baron Funds first quarter letter: CARBO Ceramics, Inc. (CRR) is the leading supplier of ceramic proppant used in hydraulic fracturing. CARBO's share price was volatile in the quarter and has suffered since the company announced lower fourth-quarter earnings. The company warned that a rapid rotation from gas to oil drilling in the U.S. was leading to significant logistics and cost challenges. The shares partially recovered as it became clear that its challenges are related to logistics rather than end-market demand or competition. However, it will be several quarters before these concerns dissipate, at which time we believe CARBO shares will begin to perform well once again. (Jamie Stone)
Check out Ron Baron latest stock trades

Top Ranked Articles about Carbo Ceramics, Inc.

Baron Funds Comments on CARBO Ceramics
February 20, 2013
CARBO Ceramics, Inc. (CRR) is the leading supplier of advanced material proppants for the oil and gas industry. After underperforming for much of the year, its shares rebounded strongly in the fourth quarter when it appeared that the problems of oversupplied markets and logistical challenges that were hurting pricing, costs, and volumes were abating. As a result, earnings estimates have stabilized and begun to improve for 2013. Investors are now beginning to look at the next phase of growth for the company in late 2013 and 2014, as it brings on new capacity. (Jamie Stone) Read more...
Baron Funds' Comments on CARBO Ceramics
August 23, 2012
From Baron Funds' second quarter commentary: Read more...
Baron Funds Comments on CARBO Ceramics
May 24, 2012
From Baron Funds first quarter letter: CARBO Ceramics, Inc. (CRR) is the leading supplier of ceramic proppant used in hydraulic fracturing. CARBO's share price was volatile in the quarter and has suffered since the company announced lower fourth-quarter earnings. The company warned that a rapid rotation from gas to oil drilling in the U.S. was leading to significant logistics and cost challenges. The shares partially recovered as it became clear that its challenges are related to logistics rather than end-market demand or competition. However, it will be several quarters before these concerns dissipate, at which time we believe CARBO shares will begin to perform well once again. (Jamie Stone) Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 17.30
CRR's P/E(ttm) is ranked lower than
564971% of the 177 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 16.30 vs. CRR: 17.30 )
CRR' s 10-Year P/E(ttm) Range
Min: 5.92   Max: 56.81
Current: 17.3
5.92
56.81
P/B 2.30
CRR's P/B is ranked lower than
467289% of the 214 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.57 vs. CRR: 2.30 )
CRR' s 10-Year P/B Range
Min: 1.49   Max: 7.14
Current: 2.3
1.49
7.14
P/S 2.55
CRR's P/S is ranked lower than
460829% of the 217 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.25 vs. CRR: 2.55 )
CRR' s 10-Year P/S Range
Min: 1.65   Max: 7.69
Current: 2.55
1.65
7.69
PFCF 20.00
CRR's PFCF is ranked lower than
877192% of the 114 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 15.60 vs. CRR: 20.00 )
CRR' s 10-Year PFCF Range
Min: 13.45   Max: 544.67
Current: 20
13.45
544.67
EV-to-EBIT 11.4
CRR's EV-to-EBIT is ranked lower than
526315% of the 190 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 13.41 vs. CRR: 11.4 )
CRR' s 10-Year EV-to-EBIT Range
Min: 5.7   Max: 32.5
Current: 11.4
5.7
32.5
PEG 0.7
CRR's PEG is ranked lower than
1333332% of the 75 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.40 vs. CRR: 0.7 )
CRR' s 10-Year PEG Range
Min: 0.49   Max: 4.12
Current: 0.7
0.49
4.12
Shiller P/E 17.3
CRR's Shiller P/E is ranked lower than
100% of the Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: vs. CRR: 17.3 )
CRR' s 10-Year Shiller P/E Range
Min: 10.97   Max: 62.53
Current: 17.3
10.97
62.53

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.50
CRR's Dividend Yield is ranked lower than
826445% of the 121 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 2.25 vs. CRR: 1.50 )
CRR' s 10-Year Dividend Yield Range
Min: 0.44   Max: 2.37
Current: 1.5
0.44
2.37
Dividend Payout 0.1922
CRR's Dividend Payout is ranked lower than
980391% of the 102 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.40 vs. CRR: 0.1922 )
CRR' s 10-Year Dividend Payout Range
Min: 0.14   Max: 0.42
Current: 0.19
0.14
0.42
Dividend growth (3y) 1.7
CRR's Dividend growth (3y) is ranked lower than
2439022% of the 41 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 15.80 vs. CRR: 1.7 )
CRR' s 10-Year Dividend growth (3y) Range
Min: 1.7   Max: 15.4
Current: 1.7
1.7
15.4
Yield on cost (5-Year) 2.04
CRR's Yield on cost (5-Year) is ranked lower than
787401% of the 127 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 2.70 vs. CRR: 2.04 )
CRR' s 10-Year Yield on cost (5-Year) Range
Min: 0.6   Max: 3.22
Current: 2.04
0.6
3.22
Share Buyback Rate 0.2
CRR's Share Buyback Rate is ranked lower than
5882347% of the 17 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.40 vs. CRR: 0.2 )
CRR' s 10-Year Share Buyback Rate Range
Min: 1.6   Max: -1.6
Current: 0.2

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 11
CRR's Price/Net Current Asset Value is ranked lower than
598802% of the 167 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 7.90 vs. CRR: 11 )
CRR' s 10-Year Price/Net Current Asset Value Range
Min: 10.4   Max: 28.7
Current: 11
10.4
28.7
Price/Tangible Book 2.4
CRR's Price/Tangible Book is ranked lower than
476190% of the 210 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 2.00 vs. CRR: 2.4 )
CRR' s 10-Year Price/Tangible Book Range
Min: 2   Max: 5.2
Current: 2.4
2
5.2
Price/DCF (Projected) 1.8
CRR's Price/DCF (Projected) is ranked lower than
1111110% of the 90 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.80 vs. CRR: 1.8 )
CRR' s 10-Year Price/DCF (Projected) Range
Min: 1.6   Max: 6.1
Current: 1.8
1.6
6.1
Price/Median PS Value 0.6
CRR's Price/Median PS Value is ranked lower than
483091% of the 207 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.00 vs. CRR: 0.6 )
CRR' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 1.4
Current: 0.6
0.5
1.4
Price/Peter Lynch Fair Value 0.8
CRR's Price/Peter Lynch Fair Value is ranked lower than
2564100% of the 39 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.00 vs. CRR: 0.8 )
CRR' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.7   Max: 3.6
Current: 0.8
0.7
3.6
Price/Graham Number 1.3
CRR's Price/Graham Number is ranked lower than
602409% of the 166 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.20 vs. CRR: 1.3 )
CRR' s 10-Year Price/Graham Number Range
Min: 1.1   Max: 3
Current: 1.3
1.1
3
Earnings Yield (Greenblatt) 8.80
CRR's Earnings Yield (Greenblatt) is ranked lower than
505050% of the 198 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 7.50 vs. CRR: 8.80 )
CRR' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.1   Max: 17.5
Current: 8.8
3.1
17.5
Forward Rate of Return (Yacktman) 23.12
CRR's Forward Rate of Return (Yacktman) is ranked lower than
1351350% of the 74 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 9.17 vs. CRR: 23.12 )
CRR' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 8.1   Max: 24.4
Current: 23.12
8.1
24.4

Business Description

CARBO Ceramics Inc. was incorporated in 1987 in Delaware. The Company is a supplier of ceramic proppant, it provides fracture simulation software, and a provider of fracture design, engineering and consulting services. Continuing operations include the Company's ceramic proppant, software, consulting services and geotechnical monitoring businesses. It manufactures five distinct ceramic proppants. The Company has historically pursued a strategy of introducing new products that expand the market for ceramic proppants relative to sand-based proppants. CARBOHSP(r) and CARBOPROP(r) are premium priced, high strength proppants designed mainly for use in deep gas wells. CARBOHSP(r) has the highest strength of any of the ceramic proppants manufactured by the Company and is used mainly in the fracturing of deep gas wells. CARBOPROP(r) is slightly lower in weight and strength than CARBOHSP(r) and was developed for use in deep gas wells that do not require the strength of CARBOHSP(r). CARBOLITE(r) and CARBOECONOPROP(r) are lightweight ceramic proppants designed for use in natural gas wells of moderate depth and oil wells. CARBOLITE(r) is used in medium depth oil and gas wells, where the additional strength of ceramic proppant might not be essential, but where higher production rates could be achieved due to the product's uniform size and spherical shape. CARBOLITE(r) is most commonly used in oil wells. CARBOECONOPROP(r), introduced in 1992 to compete directly with sand-based proppant, and CARBOHYDROPROPtm, introduced in late 2007 to improve performance in 'slickwater' fracture treatments, is the Company's lowest priced products. The Company also provides a range of technologies for geotechnical monitoring through its wholly owned subsidiary Applied Geomechanics, Inc. or AGI. AGI provides monitoring systems and services for bridges, buildings, tunnels, dams, slopes, embankments, volcanoes, landslides, mines and construction projects around the world. It competes with Saint-Gobain Proppants. Ceramic proppant is made from alumina-bearing ores commonly referred to as clay, bauxite, bauxitic clay or kaolin, depending on the alumina content that are readily available on the world market. The Company owns six U.S. patents, three Russian patents, three Eurasian patents, one Saudi Arabian patent and one Singapore patent. The Company's operations are in substantial compliance with applicable domestic and foreign federal, state and local environmental and safety laws and regulations.
Company Website
SEC Reports
Industry: Oil & Gas Equipment & Services
Compare:SPN, GLF, NOV, HAL, SAPMY
Traded in other countries:CR8.Germany
ยป More Articles for CRR

Headlines

Articles On GuruFocus.com
Baron Funds Comments on CARBO Ceramics Feb 20 2013 
What Is the Best Way to Learn Accounting? Dec 12 2012 
CARBO Ceramics: World's Largest Supplier of Ceramic Proppant Nov 22 2012 
18 Best Dividend-Paying Basic Material Stocks (High Growth with Low Debt) Sep 10 2012 
Baron Funds' Comments on CARBO Ceramics Aug 23 2012 
Weekly Guru Bargains Highlights: DCI, ANF, FWLT, JNPR, CRR Jul 07 2012 
9 Basic Material Dividend Stocks with Highest Float Short Ratio Jun 11 2012 
How to Think About Retained Earnings May 31 2012 
Baron Funds Comments on CARBO Ceramics May 24 2012 
Carbo Ceramics (CRR): Is it Ever Okay for a Company to Have No Free Cash Flow? May 16 2012 

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