CHEVRON CORP (CVX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CVX - US1667641005 - Common Stock
151.13 USD
+1.62 (+1.08%)
151.05 USD
-0.08 (-0.05%)
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. CVX has an average financial health and profitability rating. CVX does not seem to be growing, but still is valued expensively. CVX also has an excellent dividend rating. These ratings would make CVX suitable for dividend investing!
1. Profitability
1.1 Basic Checks
In the past year CVX was profitable.
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
CVX has a Return On Assets (3.91%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 6.73%, CVX is in line with its industry, outperforming 47.62% of the companies in the same industry.
CVX has a Return On Invested Capital (4.76%) which is in line with its industry peers.
CVX had an Average Return On Invested Capital over the past 3 years of 9.34%. This is significantly below the industry average of 21.41%.
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
Looking at the Profit Margin, with a value of 6.83%, CVX is in line with its industry, outperforming 49.05% of the companies in the same industry.
In the last couple of years the Profit Margin of CVX has grown nicely.
With a Operating Margin value of 10.82%, CVX perfoms like the industry average, outperforming 40.48% of the companies in the same industry.
In the last couple of years the Operating Margin of CVX has grown nicely.
With a Gross Margin value of 39.56%, CVX perfoms like the industry average, outperforming 47.62% of the companies in the same 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.
Compared to 1 year ago, CVX has less shares outstanding
CVX has less shares outstanding than it did 5 years ago.
CVX has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.02 indicates that CVX is not in any danger for bankruptcy at the moment.
CVX has a Altman-Z score of 3.02. This is amongst the best in the industry. CVX outperforms 81.90% 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.
Looking at the Debt to FCF ratio, with a value of 2.69, CVX is in the better half of the industry, outperforming 79.05% of the companies in the same industry.
CVX has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
CVX's Debt to Equity ratio of 0.20 is fine compared to the rest of the industry. CVX outperforms 70.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 2.69 | ||
| Altman-Z | 3.02 |
ROIC/WACC0.58
WACC8.17%
2.3 Liquidity
A Current Ratio of 1.15 indicates that CVX should not have too much problems paying its short term obligations.
With a Current ratio value of 1.15, CVX perfoms like the industry average, outperforming 50.95% of the companies in the same industry.
A Quick Ratio of 0.86 indicates that CVX may have some problems paying its short term obligations.
CVX has a Quick ratio of 0.86. This is comparable to the rest of the industry: CVX outperforms 45.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
The earnings per share for CVX have decreased strongly by -31.29% in the last year.
Measured over the past years, CVX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.14% on average per year.
The Revenue has decreased by -3.63% in the past year.
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
The Earnings Per Share is expected to grow by 4.37% on average over the next years.
Based on estimates for the next years, CVX will show a decrease in Revenue. The Revenue will decrease by -1.94% on average per year.
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
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 19.23, which indicates a rather expensive current valuation of CVX.
CVX's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 26.31. CVX is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 18.50, the valuation of CVX can be described as rather expensive.
CVX's Price/Forward Earnings ratio is in line with the industry average.
CVX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 36.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.23 | ||
| Fwd PE | 18.5 |
4.2 Price Multiples
CVX's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CVX is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.06 | ||
| EV/EBITDA | 8.62 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.9
EPS Next 2Y-9.84%
EPS Next 3Y1.96%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.55%, CVX is a good candidate for dividend investing.
CVX's Dividend Yield is a higher than the industry average which is at 5.90.
CVX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.55% |
5.2 History
The dividend of CVX is nicely growing with an annual growth rate of 6.53%!
CVX has paid a dividend for at least 10 years, which is 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
CVX pays out 95.82% of its income as dividend. This is not a sustainable payout ratio.
The dividend of CVX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP95.82%
EPS Next 2Y-9.84%
EPS Next 3Y1.96%
151.13
+1.62 (+1.08%)
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 Change1.66%
Market Cap309.42B
Revenue(TTM)186.98B
Net Income(TTM)12.77B
Analysts75.63
Price Target175.83 (16.34%)
Short Float %0.73%
Short Ratio1.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.55% |
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)2.18%
PT rev (3m)2.66%
EPS NQ rev (1m)-9.25%
EPS NQ rev (3m)-20.7%
EPS NY rev (1m)-2.14%
EPS NY rev (3m)-5.72%
Revenue NQ rev (1m)0.68%
Revenue NQ rev (3m)-0.97%
Revenue NY rev (1m)-0.22%
Revenue NY rev (3m)-1.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.23 | ||
| Fwd PE | 18.5 | ||
| P/S | 1.65 | ||
| P/FCF | 20.06 | ||
| P/OCF | 9.72 | ||
| P/B | 1.63 | ||
| P/tB | 1.67 | ||
| EV/EBITDA | 8.62 |
EPS(TTM)7.86
EY5.2%
EPS(NY)8.17
Fwd EY5.41%
FCF(TTM)7.53
FCFY4.98%
OCF(TTM)15.55
OCFY10.29%
SpS91.33
BVpS92.72
TBVpS90.49
PEG (NY)N/A
PEG (5Y)1.9
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 | 3.02 |
F-Score6
WACC8.17%
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 19.23 and the Price/Book (PB) ratio is 1.63.
Can you provide the financial health for CVX stock?
The financial health rating of CHEVRON CORP (CVX) is 6 / 10.