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CHEVRON CORP (1CVX.MI) Stock Fundamental Analysis

BIT:1CVX - Borsa Italiana Milan - US1667641005 - Common Stock - Currency: EUR

145.9  -2.62 (-1.76%)

Fundamental Rating

4

Overall 1CVX gets a fundamental rating of 4 out of 10. We evaluated 1CVX against 62 industry peers in the Oil, Gas & Consumable Fuels industry. 1CVX has only an average score on both its financial health and profitability. 1CVX does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

1CVX had positive earnings in the past year.
1CVX had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: 1CVX reported negative net income in multiple years.
Of the past 5 years 1CVX 4 years had a positive operating cash flow.
1CVX.MI Yearly Net Income VS EBIT VS OCF VS FCF1CVX.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10B -10B 20B 30B 40B

1.2 Ratios

Looking at the Return On Assets, with a value of 6.43%, 1CVX is in line with its industry, outperforming 58.33% of the companies in the same industry.
1CVX's Return On Equity of 10.68% is on the low side compared to the rest of the industry. 1CVX is outperformed by 63.33% of its industry peers.
1CVX has a Return On Invested Capital (6.68%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for 1CVX is below the industry average of 12.33%.
Industry RankSector Rank
ROA 6.43%
ROE 10.68%
ROIC 6.68%
ROA(3y)9.48%
ROA(5y)5.47%
ROE(3y)15.59%
ROE(5y)8.92%
ROIC(3y)9.08%
ROIC(5y)N/A
1CVX.MI Yearly ROA, ROE, ROIC1CVX.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 10 15 20

1.3 Margins

The Profit Margin of 1CVX (8.60%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of 1CVX has grown nicely.
The Operating Margin of 1CVX (10.69%) is worse than 73.33% of its industry peers.
1CVX's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 39.42%, 1CVX is in line with its industry, outperforming 46.67% of the companies in the same industry.
1CVX's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 10.69%
PM (TTM) 8.6%
GM 39.42%
OM growth 3YN/A
OM growth 5Y5.57%
PM growth 3YN/A
PM growth 5Y3.05%
GM growth 3Y-5.36%
GM growth 5Y-0.49%
1CVX.MI Yearly Profit, Operating, Gross Margins1CVX.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30 40

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5

2. Health

2.1 Basic Checks

1CVX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
1CVX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
1CVX.MI Yearly Shares Outstanding1CVX.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B
1CVX.MI Yearly Total Debt VS Total Assets1CVX.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 50B 100B 150B 200B 250B

2.2 Solvency

An Altman-Z score of 3.71 indicates that 1CVX is not in any danger for bankruptcy at the moment.
The Altman-Z score of 1CVX (3.71) is better than 80.00% of its industry peers.
The Debt to FCF ratio of 1CVX is 1.38, which is an excellent value as it means it would take 1CVX, only 1.38 years of fcf income to pay off all of its debts.
1CVX has a better Debt to FCF ratio (1.38) than 80.00% of its industry peers.
A Debt/Equity ratio of 0.13 indicates that 1CVX is not too dependend on debt financing.
1CVX has a better Debt to Equity ratio (0.13) than 81.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 1.38
Altman-Z 3.71
ROIC/WACC0.78
WACC8.6%
1CVX.MI Yearly LT Debt VS Equity VS FCF1CVX.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50B 100B 150B

2.3 Liquidity

A Current Ratio of 1.07 indicates that 1CVX should not have too much problems paying its short term obligations.
1CVX's Current ratio of 1.07 is on the low side compared to the rest of the industry. 1CVX is outperformed by 80.00% of its industry peers.
1CVX has a Quick Ratio of 1.07. This is a bad value and indicates that 1CVX is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.80, 1CVX is doing worse than 81.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.07
Quick Ratio 0.8
1CVX.MI Yearly Current Assets VS Current Liabilites1CVX.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 10B 20B 30B 40B 50B

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1

3. Growth

3.1 Past

The earnings per share for 1CVX have decreased strongly by -23.46% in the last year.
Measured over the past years, 1CVX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.14% on average per year.
EPS 1Y (TTM)-23.46%
EPS 3Y7.32%
EPS 5Y10.14%
EPS Q2Q%-40.29%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%10.7%

3.2 Future

The Earnings Per Share is expected to grow by 6.99% on average over the next years.
Based on estimates for the next years, 1CVX will show a decrease in Revenue. The Revenue will decrease by -4.96% on average per year.
EPS Next Y9.91%
EPS Next 2Y12.71%
EPS Next 3Y9.6%
EPS Next 5Y6.99%
Revenue Next Year-5.1%
Revenue Next 2Y0.68%
Revenue Next 3Y-6.41%
Revenue Next 5Y-4.96%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
1CVX.MI Yearly Revenue VS Estimates1CVX.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 50B 100B 150B 200B
1CVX.MI Yearly EPS VS Estimates1CVX.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 5 10 15

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3

4. Valuation

4.1 Price/Earnings Ratio

1CVX is valuated correctly with a Price/Earnings ratio of 15.01.
71.67% of the companies in the same industry are cheaper than 1CVX, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 28.47, 1CVX is valued a bit cheaper.
The Price/Forward Earnings ratio is 13.65, which indicates a correct valuation of 1CVX.
Based on the Price/Forward Earnings ratio, 1CVX is valued a bit more expensive than 60.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 92.74, 1CVX is valued rather cheaply.
Industry RankSector Rank
PE 15.01
Fwd PE 13.65
1CVX.MI Price Earnings VS Forward Price Earnings1CVX.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

1CVX's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. 1CVX is more expensive than 65.00% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as 1CVX.
Industry RankSector Rank
P/FCF 14.44
EV/EBITDA 7.43
1CVX.MI Per share data1CVX.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.51
PEG (5Y)1.48
EPS Next 2Y12.71%
EPS Next 3Y9.6%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.17%, 1CVX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 60.90, 1CVX has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.28, 1CVX pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.17%

5.2 History

On average, the dividend of 1CVX grows each year by 6.07%, which is quite nice.
Dividend Growth(5Y)6.07%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

1CVX pays out 70.28% of its income as dividend. This is not a sustainable payout ratio.
The dividend of 1CVX is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP70.28%
EPS Next 2Y12.71%
EPS Next 3Y9.6%
1CVX.MI Yearly Income VS Free CF VS Dividend1CVX.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10B -10B 20B 30B
1CVX.MI Dividend Payout.1CVX.MI Dividend Payout, showing the Payout Ratio.1CVX.MI Dividend Payout.PayoutRetained Earnings

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CHEVRON CORP

BIT:1CVX (2/3/2025, 7:00:00 PM)

145.9

-2.62 (-1.76%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)01-31 2025-01-31/bmo
Earnings (Next)N/A N/A
Inst Owners69.29%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap262.20B
Analysts78.67
Price Target168.71 (15.63%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.17%
Yearly Dividend6
Dividend Growth(5Y)6.07%
DP70.28%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.62%
Min EPS beat(2)-13.86%
Max EPS beat(2)2.63%
EPS beat(4)3
Avg EPS beat(4)-0.93%
Min EPS beat(4)-13.86%
Max EPS beat(4)6.55%
EPS beat(8)5
Avg EPS beat(8)-3.16%
EPS beat(12)8
Avg EPS beat(12)-1.26%
EPS beat(16)10
Avg EPS beat(16)-5.66%
Revenue beat(2)1
Avg Revenue beat(2)1.09%
Min Revenue beat(2)-0.24%
Max Revenue beat(2)2.41%
Revenue beat(4)1
Avg Revenue beat(4)-3.03%
Min Revenue beat(4)-9.51%
Max Revenue beat(4)2.41%
Revenue beat(8)4
Avg Revenue beat(8)-0.76%
Revenue beat(12)7
Avg Revenue beat(12)1.85%
Revenue beat(16)9
Avg Revenue beat(16)1.36%
PT rev (1m)2.59%
PT rev (3m)6.02%
EPS NQ rev (1m)-12.58%
EPS NQ rev (3m)-35.7%
EPS NY rev (1m)-2.18%
EPS NY rev (3m)-4.01%
Revenue NQ rev (1m)-2.59%
Revenue NQ rev (3m)-5.97%
Revenue NY rev (1m)-0.31%
Revenue NY rev (3m)0.02%
Valuation
Industry RankSector Rank
PE 15.01
Fwd PE 13.65
P/S 1.4
P/FCF 14.44
P/OCF 7.69
P/B 1.73
P/tB 1.79
EV/EBITDA 7.43
EPS(TTM)9.72
EY6.66%
EPS(NY)10.69
Fwd EY7.33%
FCF(TTM)10.1
FCFY6.92%
OCF(TTM)18.97
OCFY13%
SpS104.46
BVpS84.1
TBVpS81.56
PEG (NY)1.51
PEG (5Y)1.48
Profitability
Industry RankSector Rank
ROA 6.43%
ROE 10.68%
ROCE 9.28%
ROIC 6.68%
ROICexc 6.83%
ROICexgc 6.98%
OM 10.69%
PM (TTM) 8.6%
GM 39.42%
FCFM 9.67%
ROA(3y)9.48%
ROA(5y)5.47%
ROE(3y)15.59%
ROE(5y)8.92%
ROIC(3y)9.08%
ROIC(5y)N/A
ROICexc(3y)9.62%
ROICexc(5y)N/A
ROICexgc(3y)9.84%
ROICexgc(5y)N/A
ROCE(3y)12.63%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y9.7%
ROICexc growth 3YN/A
ROICexc growth 5Y9.69%
OM growth 3YN/A
OM growth 5Y5.57%
PM growth 3YN/A
PM growth 5Y3.05%
GM growth 3Y-5.36%
GM growth 5Y-0.49%
F-Score5
Asset Turnover0.75
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 1.38
Debt/EBITDA 0.53
Cap/Depr 88.73%
Cap/Sales 8.49%
Interest Coverage 41.57
Cash Conversion 89.63%
Profit Quality 112.46%
Current Ratio 1.07
Quick Ratio 0.8
Altman-Z 3.71
F-Score5
WACC8.6%
ROIC/WACC0.78
Cap/Depr(3y)69.89%
Cap/Depr(5y)60.75%
Cap/Sales(3y)6.1%
Cap/Sales(5y)7.56%
Profit Quality(3y)111.3%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-23.46%
EPS 3Y7.32%
EPS 5Y10.14%
EPS Q2Q%-40.29%
EPS Next Y9.91%
EPS Next 2Y12.71%
EPS Next 3Y9.6%
EPS Next 5Y6.99%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%10.7%
Revenue Next Year-5.1%
Revenue Next 2Y0.68%
Revenue Next 3Y-6.41%
Revenue Next 5Y-4.96%
EBIT growth 1Y-32.68%
EBIT growth 3YN/A
EBIT growth 5Y10.22%
EBIT Next Year27.8%
EBIT Next 3Y17.17%
EBIT Next 5Y1.5%
FCF growth 1Y-47.62%
FCF growth 3Y128.64%
FCF growth 5Y3.29%
OCF growth 1Y-24.34%
OCF growth 3Y49.88%
OCF growth 5Y3.07%