CHEVRON CORP (CVX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CVX - US1667641005 - Common Stock
148.49 USD
-0.22 (-0.15%)
148.7 USD
+0.21 (+0.14%)
Taking everything into account, CVX scores 4 out of 10 in our fundamental rating. CVX was compared to 209 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 does not seem to be growing, but still is valued expensively. 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.
In the past year CVX had a positive cash flow from operations.
CVX had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CVX had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 3.91%, CVX perfoms like the industry average, outperforming 56.46% of the companies in the same industry.
CVX's Return On Equity of 6.73% is in line compared to the rest of the industry. CVX outperforms 48.33% of 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 20.87%.
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
With a Profit Margin value of 6.83%, CVX perfoms like the industry average, outperforming 49.76% of the companies in the same industry.
In the last couple of years the Profit Margin of CVX has grown nicely.
CVX has a Operating Margin of 10.82%. This is comparable to the rest of the industry: CVX outperforms 41.63% of its industry peers.
In the last couple of years the Operating Margin of CVX has grown nicely.
CVX has a Gross Margin (39.56%) which is in line with its industry peers.
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
CVX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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.
Compared to 1 year ago, CVX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.99 indicates that CVX is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.99, CVX belongs to the top of the industry, outperforming 80.38% 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.
With a decent Debt to FCF ratio value of 2.69, CVX is doing good in the industry, outperforming 78.47% 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.
Looking at the Debt to Equity ratio, with a value of 0.20, CVX is in the better half of the industry, outperforming 71.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 2.69 | ||
| Altman-Z | 2.99 |
ROIC/WACC0.57
WACC8.31%
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 of 1.15. This is comparable to the rest of the industry: CVX outperforms 50.24% of its industry peers.
A Quick Ratio of 0.86 indicates that CVX may have some problems paying its short term obligations.
With a Quick ratio value of 0.86, CVX perfoms like the industry average, outperforming 44.98% of the companies in the same industry.
| 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.
Measured over the past years, CVX shows a small growth in Revenue. The Revenue has been growing by 6.65% on average per year.
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.
CVX is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.94% yearly.
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.
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 18.89, the valuation of CVX can be described as rather expensive.
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 26.28.
With a Price/Forward Earnings ratio of 18.69, 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 23.52, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.89 | ||
| Fwd PE | 18.69 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CVX.
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 | 19.38 | ||
| EV/EBITDA | 8.45 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.86
EPS Next 2Y-11.08%
EPS Next 3Y1.02%
5. Dividend
5.1 Amount
CVX has a Yearly Dividend Yield of 4.49%, which is a nice return.
Compared to an average industry Dividend Yield of 5.71, CVX pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, CVX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.49% |
5.2 History
On average, the dividend of CVX grows each year by 6.53%, which is quite nice.
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.
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%
148.49
-0.22 (-0.15%)
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 Cap298.99B
Revenue(TTM)186.98B
Net Income(TTM)12.77B
Analysts76.25
Price Target176.29 (18.72%)
Short Float %0.77%
Short Ratio1.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.49% |
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)3.01%
EPS NQ rev (1m)0.04%
EPS NQ rev (3m)-19.6%
EPS NY rev (1m)0.62%
EPS NY rev (3m)-5.13%
Revenue NQ rev (1m)1.37%
Revenue NQ rev (3m)-0.05%
Revenue NY rev (1m)0.99%
Revenue NY rev (3m)-0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.89 | ||
| Fwd PE | 18.69 | ||
| P/S | 1.6 | ||
| P/FCF | 19.38 | ||
| P/OCF | 9.39 | ||
| P/B | 1.57 | ||
| P/tB | 1.61 | ||
| EV/EBITDA | 8.45 |
EPS(TTM)7.86
EY5.29%
EPS(NY)7.95
Fwd EY5.35%
FCF(TTM)7.66
FCFY5.16%
OCF(TTM)15.82
OCFY10.65%
SpS92.86
BVpS94.28
TBVpS92.02
PEG (NY)N/A
PEG (5Y)1.86
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 | 2.99 |
F-Score6
WACC8.31%
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 18.89 and the Price/Book (PB) ratio is 1.57.
Can you provide the financial health for CVX stock?
The financial health rating of CHEVRON CORP (CVX) is 6 / 10.