CHEVRON CORP (CVX) Stock Fundamental Analysis
NYSE:CVX - New York Stock Exchange, Inc. - US1667641005 - Common Stock - Currency: USD
Overall CVX gets a fundamental rating of 5 out of 10. We evaluated CVX against 211 industry peers in the Oil, Gas & Consumable Fuels industry. CVX has only an average score on both its financial health and profitability. CVX has a expensive valuation and it also scores bad on growth. Finally 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.
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
Looking at the Return On Assets, with a value of 6.11%, CVX is in the better half of the industry, outperforming 66.35% of the companies in the same industry.
With a decent Return On Equity value of 10.49%, CVX is doing good in the industry, outperforming 61.61% of the companies in the same industry.
CVX's Return On Invested Capital of 7.14% is fine compared to the rest of the industry. CVX outperforms 60.66% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CVX is significantly below the industry average of 23.79%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.11% | ||
| ROE | 10.49% | ||
| ROIC | 7.14% |
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 (8.12%) which is comparable to the rest of the industry.
CVX's Profit Margin has improved in the last couple of years.
CVX has a Operating Margin (11.93%) which is in line with its industry peers.
In the last couple of years the Operating Margin of CVX has grown nicely.
CVX has a Gross Margin (37.76%) which 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 | 11.93% | ||
| PM (TTM) | 8.12% | ||
| GM | 37.76% |
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.
Compared to 1 year ago, CVX has a worse debt to assets ratio.
2.2 Solvency
CVX has an Altman-Z score of 3.70. This indicates that CVX is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.70, CVX belongs to the top of the industry, outperforming 86.73% of the companies in the same industry.
CVX has a debt to FCF ratio of 2.19. This is a good value and a sign of high solvency as CVX would need 2.19 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.19, CVX belongs to the top of the industry, outperforming 81.99% of the companies in the same industry.
A Debt/Equity ratio of 0.17 indicates that CVX is not too dependend on debt financing.
CVX has a Debt to Equity ratio of 0.17. This is in the better half of the industry: CVX outperforms 72.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 2.19 | ||
| Altman-Z | 3.7 |
ROIC/WACC0.8
WACC8.94%
2.3 Liquidity
CVX has a Current Ratio of 1.08. This is a normal value and indicates that CVX is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.08, CVX is in line with its industry, outperforming 46.92% of the companies in the same industry.
CVX has a Quick Ratio of 1.08. 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 Quick ratio of CVX (0.82) is worse than 60.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
The earnings per share for CVX have decreased strongly by -25.66% 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.
CVX shows a decrease in Revenue. In the last year, the revenue decreased by -0.88%.
CVX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.65% yearly.
EPS 1Y (TTM)-25.66%
EPS 3Y7.32%
EPS 5Y10.14%
EPS Q2Q%-25.6%
Revenue 1Y (TTM)-0.88%
Revenue growth 3Y7.52%
Revenue growth 5Y6.65%
Sales Q2Q%-2.27%
3.2 Future
The Earnings Per Share is expected to grow by 6.34% 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 -4.21% on average per year.
EPS Next Y-21.96%
EPS Next 2Y-1.91%
EPS Next 3Y8.22%
EPS Next 5Y6.34%
Revenue Next Year-8.32%
Revenue Next 2Y-2.37%
Revenue Next 3Y-0.7%
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 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 16.70, the valuation of CVX can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of CVX is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.30. CVX is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 16.06 indicates a correct valuation of CVX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CVX is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 21.76. CVX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.7 | ||
| Fwd PE | 16.06 |
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 is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20 | ||
| EV/EBITDA | 7.3 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.65
EPS Next 2Y-1.91%
EPS Next 3Y8.22%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.61%, CVX is a good candidate for dividend investing.
CVX's Dividend Yield is a higher than the industry average which is at 6.51.
CVX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.61% |
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 75.24% 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.
DP75.24%
EPS Next 2Y-1.91%
EPS Next 3Y8.22%
155.31
+1.14 (+0.74%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners70.52%
Inst Owner Change0%
Ins Owners0.04%
Ins Owner Change6.63%
Market Cap271.28B
Analysts73.57
Price Target164.38 (5.84%)
Short Float %3.85%
Short Ratio6.93
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.61% |
Yearly Dividend6.49
Dividend Growth(5Y)6.53%
DP75.24%
Div Incr Years23
Div Non Decr Years23
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.31%
Min EPS beat(2)-3.41%
Max EPS beat(2)-1.2%
EPS beat(4)1
Avg EPS beat(4)-3.96%
Min EPS beat(4)-13.86%
Max EPS beat(4)2.63%
EPS beat(8)4
Avg EPS beat(8)-3.16%
EPS beat(12)7
Avg EPS beat(12)-0.22%
EPS beat(16)10
Avg EPS beat(16)1.24%
Revenue beat(2)1
Avg Revenue beat(2)4.32%
Min Revenue beat(2)-1.97%
Max Revenue beat(2)10.61%
Revenue beat(4)2
Avg Revenue beat(4)2.7%
Min Revenue beat(4)-1.97%
Max Revenue beat(4)10.61%
Revenue beat(8)4
Avg Revenue beat(8)0.35%
Revenue beat(12)7
Avg Revenue beat(12)1.98%
Revenue beat(16)9
Avg Revenue beat(16)2.4%
PT rev (1m)-3.62%
PT rev (3m)-8.85%
EPS NQ rev (1m)1.45%
EPS NQ rev (3m)-31.92%
EPS NY rev (1m)-0.75%
EPS NY rev (3m)-24.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.78%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.7 | ||
| Fwd PE | 16.06 | ||
| P/S | 1.41 | ||
| P/FCF | 20 | ||
| P/OCF | 9.09 | ||
| P/B | 1.82 | ||
| P/tB | 1.88 | ||
| EV/EBITDA | 7.3 |
EPS(TTM)9.3
EY5.99%
EPS(NY)9.67
Fwd EY6.23%
FCF(TTM)7.77
FCFY5%
OCF(TTM)17.09
OCFY11%
SpS110.46
BVpS85.44
TBVpS82.83
PEG (NY)N/A
PEG (5Y)1.65
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.11% | ||
| ROE | 10.49% | ||
| ROCE | 10.43% | ||
| ROIC | 7.14% | ||
| ROICexc | 7.29% | ||
| ROICexgc | 7.45% | ||
| OM | 11.93% | ||
| PM (TTM) | 8.12% | ||
| GM | 37.76% | ||
| FCFM | 7.03% |
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-Score5
Asset Turnover0.75
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 2.19 | ||
| Debt/EBITDA | 0.63 | ||
| Cap/Depr | 94.06% | ||
| Cap/Sales | 8.44% | ||
| Interest Coverage | 35.14 | ||
| Cash Conversion | 74.02% | ||
| Profit Quality | 86.63% | ||
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 3.7 |
F-Score5
WACC8.94%
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)-25.66%
EPS 3Y7.32%
EPS 5Y10.14%
EPS Q2Q%-25.6%
EPS Next Y-21.96%
EPS Next 2Y-1.91%
EPS Next 3Y8.22%
EPS Next 5Y6.34%
Revenue 1Y (TTM)-0.88%
Revenue growth 3Y7.52%
Revenue growth 5Y6.65%
Sales Q2Q%-2.27%
Revenue Next Year-8.32%
Revenue Next 2Y-2.37%
Revenue Next 3Y-0.7%
Revenue Next 5Y-4.21%
EBIT growth 1Y-2.87%
EBIT growth 3Y12.39%
EBIT growth 5Y66.6%
EBIT Next Year40%
EBIT Next 3Y22.58%
EBIT Next 5Y17.43%
FCF growth 1Y-62%
FCF growth 3Y-10.71%
FCF growth 5Y2.65%
OCF growth 1Y-38.77%
OCF growth 3Y2.57%
OCF growth 5Y2.89%