CHEVRON CORP (CVX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CVX - US1667641005 - Common Stock
149.98 USD
-0.33 (-0.22%)
150.15 USD
+0.17 (+0.11%)
Overall CVX gets a fundamental rating of 4 out of 10. We evaluated CVX against 210 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 is valued expensive and it does not seem to be growing. Finally CVX also has an excellent dividend rating. This makes CVX very considerable for dividend investing!
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.
CVX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.91%, CVX is in line with its industry, outperforming 55.24% of the companies in the same industry.
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 41.43% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CVX is significantly below the industry average of 21.66%.
The last Return On Invested Capital (4.76%) for CVX is well below the 3 year average (9.34%), which needs to be investigated, but indicates that CVX had better years and this may not be a problem.
| 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
The Profit Margin of CVX (6.83%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of CVX has grown nicely.
CVX has a Operating Margin (10.82%) which is in line with its industry peers.
CVX's Operating Margin has improved in the last couple of years.
CVX has a Gross Margin (39.56%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of CVX has declined.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CVX is creating some value.
CVX has less shares outstanding than it did 1 year ago.
CVX has less shares outstanding than it did 5 years ago.
The debt/assets ratio for CVX is higher compared to a year ago.
2.2 Solvency
CVX has an Altman-Z score of 3.03. This indicates that CVX is financially healthy and has little risk of bankruptcy at the moment.
CVX has a Altman-Z score of 3.03. This is amongst the best in the industry. CVX outperforms 82.38% of its industry peers.
CVX has a debt to FCF ratio of 2.69. This is a good value and a sign of high solvency as CVX would need 2.69 years to pay back of all of its debts.
CVX's Debt to FCF ratio of 2.69 is fine compared to the rest of the industry. CVX outperforms 78.57% of its industry peers.
A Debt/Equity ratio of 0.20 indicates that CVX is not too dependend on debt financing.
CVX's Debt to Equity ratio of 0.20 is fine compared to the rest of the industry. CVX outperforms 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 2.69 | ||
| Altman-Z | 3.03 |
ROIC/WACC0.58
WACC8.22%
2.3 Liquidity
CVX has a Current Ratio of 1.15. This is a normal value and indicates that CVX is financially healthy and should not expect problems in meeting its short term obligations.
CVX has a Current ratio (1.15) which is comparable to the rest of the industry.
CVX has a Quick Ratio of 1.15. This is a bad value and indicates that CVX is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.86, CVX is in line with its industry, outperforming 45.24% of the companies in the same 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%.
The Earnings Per Share has been growing by 10.14% on average over the past years. This is quite good.
CVX shows a decrease in Revenue. In the last year, the revenue decreased by -3.63%.
The Revenue has been growing slightly by 6.65% on average over the past years.
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
Based on estimates for the next years, CVX will show a small growth in Earnings Per Share. The EPS will grow by 4.37% on average per year.
The Revenue is expected to decrease by -1.94% on average over the next years.
EPS Next Y-26.58%
EPS Next 2Y-9.84%
EPS Next 3Y1.96%
EPS Next 5Y4.37%
Revenue Next Year-5.54%
Revenue Next 2Y-1.04%
Revenue Next 3Y-0.25%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 19.08 indicates a rather expensive valuation of CVX.
Compared to the rest of the industry, the Price/Earnings ratio of CVX is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 25.45, CVX is valued a bit cheaper.
A Price/Forward Earnings ratio of 18.36 indicates a rather expensive valuation of CVX.
CVX's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 34.46. CVX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.08 | ||
| Fwd PE | 18.36 |
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 is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.91 | ||
| EV/EBITDA | 8.66 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.88
EPS Next 2Y-9.84%
EPS Next 3Y1.96%
5. Dividend
5.1 Amount
CVX has a Yearly Dividend Yield of 4.40%, which is a nice return.
Compared to an average industry Dividend Yield of 5.90, CVX pays a bit more dividend than its industry peers.
CVX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.4% |
5.2 History
On average, the dividend of CVX grows each year by 6.53%, 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 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-9.84%
EPS Next 3Y1.96%
149.98
-0.33 (-0.22%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners58.8%
Inst Owner Change4.55%
Ins Owners0.05%
Ins Owner Change2.52%
Market Cap307.07B
Revenue(TTM)186.98B
Net Income(TTM)12.77B
Analysts75.63
Price Target173.07 (15.4%)
Short Float %0.73%
Short Ratio1.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.4% |
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)0.58%
PT rev (3m)3.25%
EPS NQ rev (1m)-12.38%
EPS NQ rev (3m)-12.61%
EPS NY rev (1m)-6.07%
EPS NY rev (3m)-7.73%
Revenue NQ rev (1m)-0.77%
Revenue NQ rev (3m)-1.71%
Revenue NY rev (1m)-1.69%
Revenue NY rev (3m)1.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.08 | ||
| Fwd PE | 18.36 | ||
| P/S | 1.64 | ||
| P/FCF | 19.91 | ||
| P/OCF | 9.64 | ||
| P/B | 1.62 | ||
| P/tB | 1.66 | ||
| EV/EBITDA | 8.66 |
EPS(TTM)7.86
EY5.24%
EPS(NY)8.17
Fwd EY5.45%
FCF(TTM)7.53
FCFY5.02%
OCF(TTM)15.55
OCFY10.37%
SpS91.33
BVpS92.72
TBVpS90.49
PEG (NY)N/A
PEG (5Y)1.88
Graham Number128.06
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 | 3.03 |
F-Score6
WACC8.22%
ROIC/WACC0.58
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-26.58%
EPS Next 2Y-9.84%
EPS Next 3Y1.96%
EPS Next 5Y4.37%
Revenue 1Y (TTM)-3.63%
Revenue growth 3Y7.52%
Revenue growth 5Y6.65%
Sales Q2Q%-1.86%
Revenue Next Year-5.54%
Revenue Next 2Y-1.04%
Revenue Next 3Y-0.25%
Revenue Next 5Y-1.94%
EBIT growth 1Y-2.45%
EBIT growth 3Y12.39%
EBIT growth 5Y66.6%
EBIT Next Year46.4%
EBIT Next 3Y23.78%
EBIT Next 5Y11.54%
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 19.08 and the Price/Book (PB) ratio is 1.62.
Can you provide the financial health for CVX stock?
The financial health rating of CHEVRON CORP (CVX) is 6 / 10.