CHEVRON CORP (CVX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CVX - US1667641005 - Common Stock
152.41 USD
+0.1 (+0.07%)
152.34 USD
-0.07 (-0.05%)
Overall CVX gets a fundamental rating of 4 out of 10. We evaluated CVX against 209 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. This makes CVX very considerable for dividend investing!
1. Profitability
1.1 Basic Checks
In the past year CVX was profitable.
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's Return On Assets of 3.91% is in line compared to the rest of the industry. CVX outperforms 56.94% of its industry peers.
CVX has a Return On Equity (6.73%) which is in line with its industry peers.
The Return On Invested Capital of CVX (4.76%) is comparable to the rest of the industry.
CVX had an Average Return On Invested Capital over the past 3 years of 9.34%. This is significantly below the industry average of 21.18%.
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
CVX has a Profit Margin (6.83%) which is in line with its industry peers.
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 43.06% of the companies in the same industry.
In the last couple of years the Operating Margin of CVX has grown nicely.
The Gross Margin of CVX (39.56%) is comparable to the rest of the 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
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.
The number of shares outstanding for CVX has been reduced compared to 5 years ago.
Compared to 1 year ago, CVX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.03 indicates that CVX is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.03, CVX belongs to the top of the industry, outperforming 84.21% 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 78.47% of its industry peers.
A Debt/Equity ratio of 0.20 indicates that CVX is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.20, CVX is doing good in the industry, outperforming 72.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 2.69 | ||
| Altman-Z | 3.03 |
ROIC/WACC0.57
WACC8.3%
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's Current ratio of 1.15 is in line compared to the rest of the industry. CVX outperforms 51.20% of its industry peers.
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 in line with its industry peers.
| 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%.
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 4.89% 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-25.72%
EPS Next 2Y-13.7%
EPS Next 3Y0.68%
EPS Next 5Y4.89%
Revenue Next Year-4.69%
Revenue Next 2Y-1.63%
Revenue Next 3Y0.05%
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
Based on the Price/Earnings ratio of 19.39, the valuation of CVX can be described as rather expensive.
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 26.51, CVX is valued a bit cheaper.
With a Price/Forward Earnings ratio of 20.36, CVX is valued on the expensive side.
The rest of the industry has a similar Price/Forward Earnings ratio as CVX.
The average S&P500 Price/Forward Earnings ratio is at 23.13. CVX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.39 | ||
| Fwd PE | 20.36 |
4.2 Price Multiples
CVX's Enterprise Value to EBITDA ratio is in line with the industry average.
CVX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.9 | ||
| EV/EBITDA | 8.64 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.91
EPS Next 2Y-13.7%
EPS Next 3Y0.68%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.54%, CVX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.93, CVX pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.00, CVX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.54% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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.
CVX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP95.82%
EPS Next 2Y-13.7%
EPS Next 3Y0.68%
152.41
+0.1 (+0.07%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners67.87%
Inst Owner Change4.61%
Ins Owners0.05%
Ins Owner Change0.01%
Market Cap306.88B
Revenue(TTM)186.98B
Net Income(TTM)12.77B
Analysts76.25
Price Target176.03 (15.5%)
Short Float %0.94%
Short Ratio2.17
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-DateN/A
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)0.11%
PT rev (3m)2.45%
EPS NQ rev (1m)0.29%
EPS NQ rev (3m)-20.82%
EPS NY rev (1m)1.16%
EPS NY rev (3m)-4.97%
Revenue NQ rev (1m)-0.19%
Revenue NQ rev (3m)0.29%
Revenue NY rev (1m)0.9%
Revenue NY rev (3m)0.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.39 | ||
| Fwd PE | 20.36 | ||
| P/S | 1.64 | ||
| P/FCF | 19.9 | ||
| P/OCF | 9.64 | ||
| P/B | 1.62 | ||
| P/tB | 1.66 | ||
| EV/EBITDA | 8.64 |
EPS(TTM)7.86
EY5.16%
EPS(NY)7.48
Fwd EY4.91%
FCF(TTM)7.66
FCFY5.03%
OCF(TTM)15.82
OCFY10.38%
SpS92.86
BVpS94.28
TBVpS92.02
PEG (NY)N/A
PEG (5Y)1.91
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 | 3.03 |
F-Score6
WACC8.3%
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-25.72%
EPS Next 2Y-13.7%
EPS Next 3Y0.68%
EPS Next 5Y4.89%
Revenue 1Y (TTM)-3.63%
Revenue growth 3Y7.52%
Revenue growth 5Y6.65%
Sales Q2Q%-1.86%
Revenue Next Year-4.69%
Revenue Next 2Y-1.63%
Revenue Next 3Y0.05%
Revenue Next 5Y-1.94%
EBIT growth 1Y-2.45%
EBIT growth 3Y12.39%
EBIT growth 5Y66.6%
EBIT Next Year46.56%
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 for 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.
What is the expected EPS growth for CHEVRON CORP (CVX) stock?
The Earnings per Share (EPS) of CHEVRON CORP (CVX) is expected to decline by -25.72% in the next year.
Is the dividend of CHEVRON CORP sustainable?
The dividend rating of CHEVRON CORP (CVX) is 7 / 10 and the dividend payout ratio is 95.82%.