CHEVRON CORP (CVX) Stock Fundamental Analysis
USA - NYSE:CVX - US1667641005 - Common Stock
158.84 USD
-1.25 (-0.78%)
159.2 USD
+0.36 (+0.23%)
CVX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 210 industry peers in the Oil, Gas & Consumable Fuels industry. CVX has an average financial health and profitability rating. CVX is valued expensive and it does not seem to be growing. CVX also has an excellent dividend rating. These ratings could make CVX a good candidate 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.
Of the past 5 years CVX 4 years were profitable.
Each year in the past 5 years CVX had a positive operating cash flow.
1.2 Ratios
CVX has a better Return On Assets (5.47%) than 64.76% of its industry peers.
With a Return On Equity value of 9.37%, CVX perfoms like the industry average, outperforming 58.10% of the companies in the same industry.
CVX has a Return On Invested Capital of 6.61%. This is comparable to the rest of the industry: CVX outperforms 59.05% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CVX is significantly below the industry average of 21.66%.
| 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
Looking at the Profit Margin, with a value of 7.31%, CVX is in line with its industry, outperforming 49.05% of the companies in the same industry.
CVX's Profit Margin has improved in the last couple of years.
CVX has a Operating Margin (11.10%) which is in line with its industry peers.
CVX's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 38.18%, CVX is in line with its industry, outperforming 47.62% of the companies in the same industry.
CVX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.1% | ||
| 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
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
Compared to 5 years ago, CVX has less shares outstanding
Compared to 1 year ago, CVX has a worse debt to assets ratio.
2.2 Solvency
CVX has an Altman-Z score of 4.06. This indicates that CVX is financially healthy and has little risk of bankruptcy at the moment.
CVX has a Altman-Z score of 4.06. This is amongst the best in the industry. CVX outperforms 86.19% of its industry peers.
The Debt to FCF ratio of CVX is 1.83, which is an excellent value as it means it would take CVX, only 1.83 years of fcf income to pay off all of its debts.
CVX has a better Debt to FCF ratio (1.83) than 83.33% 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.
Looking at the Debt to Equity ratio, with a value of 0.16, CVX is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 1.83 | ||
| Altman-Z | 4.06 |
ROIC/WACC0.8
WACC8.25%
2.3 Liquidity
A Current Ratio of 1.00 indicates that CVX may have some problems paying its short term obligations.
CVX has a Current ratio (1.00) which is in line with its industry peers.
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 Quick ratio of 0.74. This is in the lower half of the industry: CVX underperforms 64.76% 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 -28.88% in the last year.
The Earnings Per Share has been growing by 10.14% on average over the past years. This is quite good.
The Revenue has decreased by -4.71% in the past 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)-28.88%
EPS 3Y7.32%
EPS 5Y10.14%
EPS Q2Q%-30.59%
Revenue 1Y (TTM)-4.71%
Revenue growth 3Y7.52%
Revenue growth 5Y6.65%
Sales Q2Q%-12.42%
3.2 Future
The Earnings Per Share is expected to grow by 9.73% on average over the next years. This is quite good.
Based on estimates for the next years, CVX will show a decrease in Revenue. The Revenue will decrease by -4.21% on average per year.
EPS Next Y-22.13%
EPS Next 2Y-3.53%
EPS Next 3Y5.76%
EPS Next 5Y9.73%
Revenue Next Year-4.7%
Revenue Next 2Y-0.89%
Revenue Next 3Y-0.12%
Revenue Next 5Y-4.21%
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 stable.
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
With a Price/Earnings ratio of 18.64, CVX is valued on the expensive side.
The rest of the industry has a similar Price/Earnings ratio as CVX.
The average S&P500 Price/Earnings ratio is at 27.41. CVX is valued slightly cheaper when compared to this.
CVX is valuated correctly with a Price/Forward Earnings ratio of 16.98.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CVX is on the same level as its industry peers.
CVX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.64 | ||
| Fwd PE | 16.98 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CVX is on the same level as its industry peers.
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 | 20.2 | ||
| EV/EBITDA | 9.17 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.84
EPS Next 2Y-3.53%
EPS Next 3Y5.76%
5. Dividend
5.1 Amount
CVX has a Yearly Dividend Yield of 4.32%, which is a nice return.
Compared to an average industry Dividend Yield of 6.17, CVX pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, CVX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.32% |
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 85.58% of its income as dividend. This is not a sustainable payout ratio.
CVX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP85.58%
EPS Next 2Y-3.53%
EPS Next 3Y5.76%
158.84
-1.25 (-0.78%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners60.13%
Inst Owner Change3.99%
Ins Owners0.05%
Ins Owner Change1.74%
Market Cap325.21B
Analysts76.55
Price Target171.81 (8.17%)
Short Float %0.94%
Short Ratio1.84
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.32% |
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)2.5%
PT rev (3m)4.52%
EPS NQ rev (1m)7.25%
EPS NQ rev (3m)11.76%
EPS NY rev (1m)-2.13%
EPS NY rev (3m)-0.97%
Revenue NQ rev (1m)-0.36%
Revenue NQ rev (3m)9.87%
Revenue NY rev (1m)2.19%
Revenue NY rev (3m)3.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.64 | ||
| Fwd PE | 16.98 | ||
| P/S | 1.73 | ||
| P/FCF | 20.2 | ||
| P/OCF | 10.12 | ||
| P/B | 2.22 | ||
| P/tB | 2.29 | ||
| EV/EBITDA | 9.17 |
EPS(TTM)8.52
EY5.36%
EPS(NY)9.35
Fwd EY5.89%
FCF(TTM)7.86
FCFY4.95%
OCF(TTM)15.7
OCFY9.88%
SpS91.7
BVpS71.51
TBVpS69.28
PEG (NY)N/A
PEG (5Y)1.84
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.47% | ||
| ROE | 9.37% | ||
| ROCE | 9.65% | ||
| ROIC | 6.61% | ||
| ROICexc | 6.73% | ||
| ROICexgc | 6.88% | ||
| OM | 11.1% | ||
| 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
ROICexcg growth 3Y11.59%
ROICexcg 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 | 27.46 | ||
| Cash Conversion | 83.47% | ||
| Profit Quality | 117.4% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 4.06 |
F-Score4
WACC8.25%
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)-28.88%
EPS 3Y7.32%
EPS 5Y10.14%
EPS Q2Q%-30.59%
EPS Next Y-22.13%
EPS Next 2Y-3.53%
EPS Next 3Y5.76%
EPS Next 5Y9.73%
Revenue 1Y (TTM)-4.71%
Revenue growth 3Y7.52%
Revenue growth 5Y6.65%
Sales Q2Q%-12.42%
Revenue Next Year-4.7%
Revenue Next 2Y-0.89%
Revenue Next 3Y-0.12%
Revenue Next 5Y-4.21%
EBIT growth 1Y-9.11%
EBIT growth 3Y12.39%
EBIT growth 5Y66.6%
EBIT Next Year43.34%
EBIT Next 3Y23.3%
EBIT Next 5Y15.22%
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%