CHEVRON CORP (CVX) Stock Fundamental Analysis
USA - NYSE:CVX - US1667641005 - Common Stock
155.02 USD
+2.08 (+1.36%)
155.1 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 has a expensive valuation and it also scores bad on growth. CVX also has an excellent dividend rating.
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.
CVX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CVX has a better Return On Assets (5.47%) than 65.71% of its industry peers.
CVX has a Return On Equity of 9.37%. This is comparable to the rest of the industry: CVX outperforms 59.52% of its industry peers.
With a Return On Invested Capital value of 6.61%, CVX perfoms like the industry average, outperforming 59.05% 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 21.78%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.47% | ||
| ROE | 9.37% | ||
| ROIC | 6.61% |
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 7.31%. This is comparable to the rest of the industry: CVX outperforms 49.05% of its industry peers.
CVX's Profit Margin has improved in the last couple of years.
CVX has a worse Operating Margin (11.11%) than 60.00% of its industry peers.
In the last couple of years the Operating Margin of CVX has grown nicely.
With a Gross Margin value of 38.18%, CVX perfoms like the industry average, outperforming 48.10% of the companies in the same industry.
CVX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.11% | ||
| PM (TTM) | 7.31% | ||
| GM | 38.18% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CVX is still creating some value.
The number of shares outstanding for CVX has been reduced compared to 1 year ago.
CVX has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CVX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.97 indicates that CVX is not in any danger for bankruptcy at the moment.
The Altman-Z score of CVX (3.97) is better than 86.19% of its industry peers.
CVX has a debt to FCF ratio of 1.83. This is a very positive value and a sign of high solvency as it would only need 1.83 years to pay back of all of its debts.
CVX has a better Debt to FCF ratio (1.83) than 83.81% of its industry peers.
CVX has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of CVX (0.16) is better than 70.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 1.83 | ||
| Altman-Z | 3.97 |
ROIC/WACC0.8
WACC8.28%
2.3 Liquidity
CVX has a Current Ratio of 1.00. This is a bad value and indicates that CVX is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of CVX (1.00) is comparable to the rest of the industry.
CVX has a Quick Ratio of 1.00. This is a bad value and indicates that CVX is not financially healthy enough and could expect problems in meeting its short term obligations.
CVX has a worse Quick ratio (0.74) than 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
The earnings per share for CVX have decreased strongly by -31.29% in the last year.
CVX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.14% yearly.
Looking at the last year, CVX shows a decrease in Revenue. The Revenue has decreased by -3.63% in the last year.
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
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 19.72, which indicates a rather expensive current valuation of CVX.
CVX's Price/Earnings is on the same level as the industry average.
CVX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.83.
With a Price/Forward Earnings ratio of 18.98, CVX is valued on the expensive side.
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 32.68, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.72 | ||
| Fwd PE | 18.98 |
4.2 Price Multiples
CVX's Enterprise Value to EBITDA is on the same level as the industry average.
CVX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.71 | ||
| EV/EBITDA | 8.79 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.94
EPS Next 2Y-9.84%
EPS Next 3Y1.96%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.48%, CVX is a good candidate for dividend investing.
CVX's Dividend Yield is a higher than the industry average which is at 6.76.
CVX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.48% |
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
CVX pays out 85.58% of its income as dividend. This is not a sustainable payout ratio.
CVX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP85.58%
EPS Next 2Y-9.84%
EPS Next 3Y1.96%
155.02
+2.08 (+1.36%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners58.8%
Inst Owner Change-5.83%
Ins Owners0.05%
Ins Owner Change1.74%
Market Cap317.39B
Revenue(TTM)186.98B
Net Income(TTM)13.72B
Analysts75.63
Price Target173.07 (11.64%)
Short Float %0.82%
Short Ratio2.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.48% |
Yearly Dividend6.49
Dividend Growth(5Y)6.53%
DP85.58%
Div Incr Years23
Div Non Decr Years23
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.79%
Min EPS beat(2)-1.2%
Max EPS beat(2)2.79%
EPS beat(4)2
Avg EPS beat(4)0.2%
Min EPS beat(4)-3.41%
Max EPS beat(4)2.79%
EPS beat(8)4
Avg EPS beat(8)-3.13%
EPS beat(12)7
Avg EPS beat(12)-1.06%
EPS beat(16)10
Avg EPS beat(16)0.99%
Revenue beat(2)1
Avg Revenue beat(2)-0.35%
Min Revenue beat(2)-1.97%
Max Revenue beat(2)1.27%
Revenue beat(4)3
Avg Revenue beat(4)3.08%
Min Revenue beat(4)-1.97%
Max Revenue beat(4)10.61%
Revenue beat(8)4
Avg Revenue beat(8)0.23%
Revenue beat(12)7
Avg Revenue beat(12)1.32%
Revenue beat(16)10
Avg Revenue beat(16)2.51%
PT rev (1m)0.73%
PT rev (3m)4.39%
EPS NQ rev (1m)-14.47%
EPS NQ rev (3m)-11.28%
EPS NY rev (1m)-4.01%
EPS NY rev (3m)-5.71%
Revenue NQ rev (1m)-0.91%
Revenue NQ rev (3m)7.93%
Revenue NY rev (1m)-1.47%
Revenue NY rev (3m)1.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.72 | ||
| Fwd PE | 18.98 | ||
| P/S | 1.69 | ||
| P/FCF | 19.71 | ||
| P/OCF | 9.88 | ||
| P/B | 2.17 | ||
| P/tB | 2.24 | ||
| EV/EBITDA | 8.79 |
EPS(TTM)7.86
EY5.07%
EPS(NY)8.17
Fwd EY5.27%
FCF(TTM)7.86
FCFY5.07%
OCF(TTM)15.7
OCFY10.12%
SpS91.7
BVpS71.51
TBVpS69.28
PEG (NY)N/A
PEG (5Y)1.94
Graham Number112.46
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.47% | ||
| ROE | 9.37% | ||
| ROCE | 9.66% | ||
| ROIC | 6.61% | ||
| ROICexc | 6.74% | ||
| ROICexgc | 6.89% | ||
| OM | 11.11% | ||
| PM (TTM) | 7.31% | ||
| GM | 38.18% | ||
| FCFM | 8.58% |
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-Score4
Asset Turnover0.75
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 1.83 | ||
| Debt/EBITDA | 0.6 | ||
| Cap/Depr | 90.81% | ||
| Cap/Sales | 8.54% | ||
| Interest Coverage | 27.49 | ||
| Cash Conversion | 83.43% | ||
| Profit Quality | 117.4% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 3.97 |
F-Score4
WACC8.28%
ROIC/WACC0.8
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-9.02%
EBIT growth 3Y12.39%
EBIT growth 5Y66.6%
EBIT Next Year46.4%
EBIT Next 3Y23.78%
EBIT Next 5Y11.54%
FCF growth 1Y-41.75%
FCF growth 3Y-10.71%
FCF growth 5Y2.65%
OCF growth 1Y-22.13%
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 4 / 10.
Can you provide the PE and PB ratios for CVX stock?
The Price/Earnings (PE) ratio for CHEVRON CORP (CVX) is 19.72 and the Price/Book (PB) ratio is 2.17.
Can you provide the financial health for CVX stock?
The financial health rating of CHEVRON CORP (CVX) is 6 / 10.