CHEVRON CORP (CVX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CVX - US1667641005 - Common Stock
146.75 USD
-3.05 (-2.04%)
147.25 USD
+0.5 (+0.34%)
Overall CVX gets a fundamental rating of 4 out of 10. We evaluated CVX against 208 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of CVX get a neutral evaluation. Nothing too spectacular is happening here. CVX has a expensive valuation and it also scores bad on growth. CVX also has an excellent dividend rating. With these ratings, CVX could be worth investigating further for dividend investing!.
1. Profitability
1.1 Basic Checks
CVX had positive earnings in the past year.
In the past year CVX had a positive cash flow from operations.
Of the past 5 years CVX 4 years were profitable.
In the past 5 years CVX always reported a positive cash flow from operatings.
1.2 Ratios
CVX has a Return On Assets of 3.91%. This is comparable to the rest of the industry: CVX outperforms 56.25% of its industry peers.
The Return On Equity of CVX (6.73%) is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 4.76%, CVX is in line with its industry, outperforming 40.87% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CVX is significantly below the industry average of 20.87%.
The 3 year average ROIC (9.34%) for CVX is well above the current ROIC(4.76%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.91% | ||
| ROE | 6.73% | ||
| ROIC | 4.76% |
ROA(3y)9.6%
ROA(5y)6.6%
ROE(3y)15.71%
ROE(5y)10.83%
ROIC(3y)9.34%
ROIC(5y)N/A
1.3 Margins
CVX has a Profit Margin of 6.83%. This is comparable to the rest of the industry: CVX outperforms 49.52% of its industry peers.
In the last couple of years the Profit Margin of CVX has grown nicely.
Looking at the Operating Margin, with a value of 10.82%, CVX is in line with its industry, outperforming 41.35% of the companies in the same industry.
In the last couple of years the Operating Margin of CVX has grown nicely.
Looking at the Gross Margin, with a value of 39.56%, CVX is in line with its industry, outperforming 47.12% of the companies in the same industry.
CVX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.82% | ||
| PM (TTM) | 6.83% | ||
| GM | 39.56% |
OM growth 3Y4.53%
OM growth 5Y56.2%
PM growth 3Y-3.12%
PM growth 5Y34.35%
GM growth 3Y-3.4%
GM growth 5Y-2.19%
2. Health
2.1 Basic Checks
CVX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for CVX has been reduced compared to 1 year ago.
Compared to 5 years ago, CVX has less shares outstanding
CVX has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.00 indicates that CVX is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.00, CVX belongs to the top of the industry, outperforming 82.69% of the companies in the same industry.
The Debt to FCF ratio of CVX is 2.69, which is a good value as it means it would take CVX, 2.69 years of fcf income to pay off all of its debts.
CVX has a better Debt to FCF ratio (2.69) than 78.37% of its industry peers.
A Debt/Equity ratio of 0.20 indicates that CVX is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.20, CVX is in the better half of the industry, outperforming 71.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 2.69 | ||
| Altman-Z | 3 |
ROIC/WACC0.57
WACC8.32%
2.3 Liquidity
A Current Ratio of 1.15 indicates that CVX should not have too much problems paying its short term obligations.
The Current ratio of CVX (1.15) is comparable to the rest of the industry.
A Quick Ratio of 0.86 indicates that CVX may have some problems paying its short term obligations.
CVX has a Quick ratio (0.86) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
CVX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -31.29%.
CVX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.14% yearly.
CVX shows a decrease in Revenue. In the last year, the revenue decreased by -3.63%.
CVX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.65% yearly.
EPS 1Y (TTM)-31.29%
EPS 3Y7.32%
EPS 5Y10.14%
EPS Q2Q%-26.29%
Revenue 1Y (TTM)-3.63%
Revenue growth 3Y7.52%
Revenue growth 5Y6.65%
Sales Q2Q%-1.86%
3.2 Future
CVX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.89% yearly.
The Revenue is expected to decrease by -1.94% on average over the next years.
EPS Next Y-26.12%
EPS Next 2Y-11.08%
EPS Next 3Y1.02%
EPS Next 5Y4.89%
Revenue Next Year-4.6%
Revenue Next 2Y-0.81%
Revenue Next 3Y0.07%
Revenue Next 5Y-1.94%
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.
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
With a Price/Earnings ratio of 18.67, CVX is valued on the expensive side.
The rest of the industry has a similar Price/Earnings ratio as CVX.
CVX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.43.
With a Price/Forward Earnings ratio of 18.47, CVX is valued on the expensive side.
CVX's Price/Forward Earnings is on the same level as the industry average.
CVX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.66, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.67 | ||
| Fwd PE | 18.47 |
4.2 Price Multiples
CVX's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as CVX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.16 | ||
| EV/EBITDA | 8.5 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.84
EPS Next 2Y-11.08%
EPS Next 3Y1.02%
5. Dividend
5.1 Amount
CVX has a Yearly Dividend Yield of 4.54%, which is a nice return.
CVX's Dividend Yield is a higher than the industry average which is at 3.83.
Compared to an average S&P500 Dividend Yield of 1.87, CVX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.54% |
5.2 History
The dividend of CVX is nicely growing with an annual growth rate of 6.53%!
CVX has been paying a dividend for at least 10 years, so it has a reliable track record.
CVX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.53%
Div Incr Years23
Div Non Decr Years23
5.3 Sustainability
95.82% 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.
DP95.82%
EPS Next 2Y-11.08%
EPS Next 3Y1.02%
146.75
-3.05 (-2.04%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners67.87%
Inst Owner Change4.6%
Ins Owners0.05%
Ins Owner Change0.01%
Market Cap295.48B
Revenue(TTM)186.98B
Net Income(TTM)12.77B
Analysts76.25
Price Target176.29 (20.13%)
Short Float %0.97%
Short Ratio2.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.54% |
Yearly Dividend6.49
Dividend Growth(5Y)6.53%
DP95.82%
Div Incr Years23
Div Non Decr Years23
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.86%
Min EPS beat(2)2.79%
Max EPS beat(2)8.92%
EPS beat(4)2
Avg EPS beat(4)1.77%
Min EPS beat(4)-3.41%
Max EPS beat(4)8.92%
EPS beat(8)5
Avg EPS beat(8)0.42%
EPS beat(12)7
Avg EPS beat(12)-1.52%
EPS beat(16)10
Avg EPS beat(16)-0.5%
Revenue beat(2)2
Avg Revenue beat(2)0.87%
Min Revenue beat(2)0.46%
Max Revenue beat(2)1.27%
Revenue beat(4)3
Avg Revenue beat(4)2.59%
Min Revenue beat(4)-1.97%
Max Revenue beat(4)10.61%
Revenue beat(8)4
Avg Revenue beat(8)-0.22%
Revenue beat(12)7
Avg Revenue beat(12)0.69%
Revenue beat(16)10
Avg Revenue beat(16)2.29%
PT rev (1m)1.86%
PT rev (3m)2.61%
EPS NQ rev (1m)0.04%
EPS NQ rev (3m)-19.77%
EPS NY rev (1m)0.62%
EPS NY rev (3m)-5.13%
Revenue NQ rev (1m)1.37%
Revenue NQ rev (3m)1.09%
Revenue NY rev (1m)0.99%
Revenue NY rev (3m)0.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.67 | ||
| Fwd PE | 18.47 | ||
| P/S | 1.58 | ||
| P/FCF | 19.16 | ||
| P/OCF | 9.28 | ||
| P/B | 1.56 | ||
| P/tB | 1.59 | ||
| EV/EBITDA | 8.5 |
EPS(TTM)7.86
EY5.36%
EPS(NY)7.95
Fwd EY5.41%
FCF(TTM)7.66
FCFY5.22%
OCF(TTM)15.82
OCFY10.78%
SpS92.86
BVpS94.28
TBVpS92.02
PEG (NY)N/A
PEG (5Y)1.84
Graham Number129.13
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.91% | ||
| ROE | 6.73% | ||
| ROCE | 6.95% | ||
| ROIC | 4.76% | ||
| ROICexc | 4.89% | ||
| ROICexgc | 4.97% | ||
| OM | 10.82% | ||
| PM (TTM) | 6.83% | ||
| GM | 39.56% | ||
| FCFM | 8.25% |
ROA(3y)9.6%
ROA(5y)6.6%
ROE(3y)15.71%
ROE(5y)10.83%
ROIC(3y)9.34%
ROIC(5y)N/A
ROICexc(3y)9.89%
ROICexc(5y)N/A
ROICexgc(3y)10.11%
ROICexgc(5y)N/A
ROCE(3y)13.67%
ROCE(5y)N/A
ROICexgc growth 3Y11.59%
ROICexgc growth 5Y65.58%
ROICexc growth 3Y11.57%
ROICexc growth 5Y65.59%
OM growth 3Y4.53%
OM growth 5Y56.2%
PM growth 3Y-3.12%
PM growth 5Y34.35%
GM growth 3Y-3.4%
GM growth 5Y-2.19%
F-Score6
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 2.69 | ||
| Debt/EBITDA | 0.96 | ||
| Cap/Depr | 85.43% | ||
| Cap/Sales | 8.78% | ||
| Interest Coverage | 24.26 | ||
| Cash Conversion | 80.71% | ||
| Profit Quality | 120.8% | ||
| Current Ratio | 1.15 | ||
| Quick Ratio | 0.86 | ||
| Altman-Z | 3 |
F-Score6
WACC8.32%
ROIC/WACC0.57
Cap/Depr(3y)86.64%
Cap/Depr(5y)70.12%
Cap/Sales(3y)7.21%
Cap/Sales(5y)7.25%
Profit Quality(3y)94.62%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-31.29%
EPS 3Y7.32%
EPS 5Y10.14%
EPS Q2Q%-26.29%
EPS Next Y-26.12%
EPS Next 2Y-11.08%
EPS Next 3Y1.02%
EPS Next 5Y4.89%
Revenue 1Y (TTM)-3.63%
Revenue growth 3Y7.52%
Revenue growth 5Y6.65%
Sales Q2Q%-1.86%
Revenue Next Year-4.6%
Revenue Next 2Y-0.81%
Revenue Next 3Y0.07%
Revenue Next 5Y-1.94%
EBIT growth 1Y-2.45%
EBIT growth 3Y12.39%
EBIT growth 5Y66.6%
EBIT Next Year47.29%
EBIT Next 3Y24.48%
EBIT Next 5Y13.77%
FCF growth 1Y-24.28%
FCF growth 3Y-10.71%
FCF growth 5Y2.65%
OCF growth 1Y-10.73%
OCF growth 3Y2.57%
OCF growth 5Y2.89%
CHEVRON CORP / CVX FAQ
What is the fundamental rating for CVX stock?
ChartMill assigns a fundamental rating of 4 / 10 to CVX.
What is the valuation status of CHEVRON CORP (CVX) stock?
ChartMill assigns a valuation rating of 2 / 10 to CHEVRON CORP (CVX). This can be considered as Overvalued.
What is the profitability of CVX stock?
CHEVRON CORP (CVX) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for CVX stock?
The Price/Earnings (PE) ratio for CHEVRON CORP (CVX) is 18.67 and the Price/Book (PB) ratio is 1.56.
Can you provide the financial health for CVX stock?
The financial health rating of CHEVRON CORP (CVX) is 6 / 10.