CHEVRON CORP (CVX)
US1667641005 - Common Stock
Overall CVX gets a fundamental rating of 5 out of 10. We evaluated CVX against 204 industry peers in the Oil, Gas & Consumable Fuels industry. CVX has an excellent financial health rating, but there are some minor concerns on its profitability. CVX does not seem to be growing, but still is valued expensively. CVX also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CVX had positive earnings in the past year.
CVX had a positive operating cash flow in the past year.
CVX had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CVX had a positive operating cash flow.
1.2 Ratios
CVX has a Return On Assets (6.43%) which is in line with its industry peers.
CVX has a Return On Equity (10.68%) which is in line with its industry peers.
Looking at the Return On Invested Capital, with a value of 6.68%, CVX is in line with its industry, outperforming 46.31% of the companies in the same industry.
CVX had an Average Return On Invested Capital over the past 3 years of 9.08%. This is significantly below the industry average of 22.54%.
| Industry Rank | Sector 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
1.3 Margins
With a Profit Margin value of 8.60%, CVX is not doing good in the industry: 60.59% of the companies in the same industry are doing better.
CVX's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 10.69%, CVX is not doing good in the industry: 66.50% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of CVX has grown nicely.
CVX has a Gross Margin (39.42%) which is in line with its industry peers.
In the last couple of years the Gross Margin of CVX has remained more or less at the same level.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CVX is creating some value.
Compared to 1 year ago, CVX has less shares outstanding
The number of shares outstanding for CVX has been reduced compared to 5 years ago.
Compared to 1 year ago, CVX has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.82 indicates that CVX is not in any danger for bankruptcy at the moment.
CVX has a better Altman-Z score (3.82) than 82.76% of its industry peers.
The Debt to FCF ratio of CVX is 1.38, which is an excellent value as it means it would take CVX, only 1.38 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.38, CVX belongs to the top of the industry, outperforming 81.77% of the companies in the same industry.
A Debt/Equity ratio of 0.13 indicates that CVX is not too dependend on debt financing.
CVX's Debt to Equity ratio of 0.13 is fine compared to the rest of the industry. CVX outperforms 75.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.38 | ||
| Altman-Z | 3.82 |
ROIC/WACC0.79
WACC8.5%
2.3 Liquidity
A Current Ratio of 1.07 indicates that CVX should not have too much problems paying its short term obligations.
CVX's Current ratio of 1.07 is in line compared to the rest of the industry. CVX outperforms 42.36% of its industry peers.
A Quick Ratio of 0.80 indicates that CVX may have some problems paying its short term obligations.
CVX has a worse Quick ratio (0.80) than 64.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.07 | ||
| Quick Ratio | 0.8 |
3. Growth
3.1 Past
CVX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.92%.
Measured over the past years, CVX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.15% on average per year.
Looking at the last year, CVX shows a decrease in Revenue. The Revenue has decreased by -4.19% in the last year.
The Revenue has been growing slightly by 4.40% on average over the past years.
EPS 1Y (TTM)-16.92%
EPS 3YN/A
EPS 5Y11.15%
EPS Q2Q%-17.7%
Revenue 1Y (TTM)-4.19%
Revenue growth 3Y27.74%
Revenue growth 5Y4.4%
Sales Q2Q%-6.31%
3.2 Future
Based on estimates for the next years, CVX will show a small growth in Earnings Per Share. The EPS will grow by 2.33% on average per year.
The Revenue is expected to decrease by -5.47% on average over the next years.
EPS Next Y-19.25%
EPS Next 2Y-6.16%
EPS Next 3Y0.47%
EPS Next 5Y2.33%
Revenue Next Year-3.22%
Revenue Next 2Y-3.33%
Revenue Next 3Y-0.76%
Revenue Next 5Y-5.47%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 14.17, which indicates a correct valuation of CVX.
The rest of the industry has a similar Price/Earnings ratio as CVX.
The average S&P500 Price/Earnings ratio is at 28.65. CVX is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 14.02, which indicates a correct valuation of CVX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CVX is on the same level as its industry peers.
CVX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.56.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.17 | ||
| Fwd PE | 14.02 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CVX.
CVX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.53 | ||
| EV/EBITDA | 7.91 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.27
EPS Next 2Y-6.16%
EPS Next 3Y0.47%
5. Dividend
5.1 Amount
CVX has a Yearly Dividend Yield of 4.03%, which is a nice return.
CVX's Dividend Yield is a higher than the industry average which is at 6.45.
CVX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.03% |
5.2 History
On average, the dividend of CVX grows each year by 6.07%, which is quite nice.
CVX has been paying a dividend for at least 10 years, so it has a reliable track record.
CVX has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.07%
Div Incr Years22
Div Non Decr Years22
5.3 Sustainability
70.28% of the earnings are spent on dividend by CVX. This is not a sustainable payout ratio.
CVX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP70.28%
EPS Next 2Y-6.16%
EPS Next 3Y0.47%
CHEVRON CORP
NYSE:CVX (11/21/2024, 3:31:10 PM)
162.09
+0.76 (+0.47%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap291.29B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.03% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.17 | ||
| Fwd PE | 14.02 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)1.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.43% | ||
| ROE | 10.68% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.69% | ||
| PM (TTM) | 8.6% | ||
| GM | 39.42% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.75
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.07 | ||
| Quick Ratio | 0.8 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-16.92%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y-19.25%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-4.19%
Revenue growth 3Y27.74%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y