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 208 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. 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.
In the past 5 years CVX always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 6.11%, CVX is doing good in the industry, outperforming 66.35% of the companies in the same industry.
CVX has a better Return On Equity (10.49%) than 61.06% of its industry peers.
CVX has a Return On Invested Capital of 7.12%. This is in the better half of the industry: CVX outperforms 62.02% of its industry peers.
CVX had an Average Return On Invested Capital over the past 3 years of 9.34%. This is significantly below the industry average of 23.52%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.11% | ||
| ROE | 10.49% | ||
| ROIC | 7.12% |
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 in line with its industry peers.
In the last couple of years the Profit Margin of CVX has grown nicely.
The Operating Margin of CVX (11.89%) is comparable to the rest of the industry.
CVX's Operating Margin has improved in the last couple of years.
CVX's Gross Margin of 37.76% is in line compared to the rest of the industry. CVX outperforms 47.60% of its industry peers.
CVX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.89% | ||
| 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.
The number of shares outstanding for CVX has been reduced compared to 1 year ago.
Compared to 5 years ago, CVX has less shares outstanding
CVX has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.95 indicates that CVX is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 3.95, CVX belongs to the best of the industry, outperforming 87.50% 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.
With an excellent Debt to FCF ratio value of 2.19, CVX belongs to the best of the industry, outperforming 80.29% of the companies in the same industry.
CVX has a Debt/Equity ratio of 0.17. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.17, CVX is doing good in the industry, outperforming 71.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 2.19 | ||
| Altman-Z | 3.95 |
ROIC/WACC0.82
WACC8.73%
2.3 Liquidity
A Current Ratio of 1.08 indicates that CVX should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.08, CVX is in line with its industry, outperforming 46.15% of the companies in the same industry.
A Quick Ratio of 0.82 indicates that CVX may have some problems paying its short term obligations.
CVX has a Quick ratio (0.82) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
CVX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -28.88%.
CVX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.14% yearly.
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 6.34% on average over the next years.
The Revenue is expected to decrease by -4.21% on average over the next years.
EPS Next Y-20.43%
EPS Next 2Y-2.73%
EPS Next 3Y7.31%
EPS Next 5Y6.34%
Revenue Next Year-6.74%
Revenue Next 2Y-2.45%
Revenue Next 3Y-1.41%
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 18.13, the valuation of CVX can be described as rather expensive.
CVX's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.73. CVX is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 16.24 indicates a correct valuation of CVX.
The rest of the industry has a similar Price/Forward Earnings ratio as CVX.
CVX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.61.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.13 | ||
| Fwd PE | 16.24 |
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 | 23.31 | ||
| EV/EBITDA | 8.42 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.79
EPS Next 2Y-2.73%
EPS Next 3Y7.31%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.47%, CVX is a good candidate for dividend investing.
CVX's Dividend Yield is a higher than the industry average which is at 6.31.
Compared to an average S&P500 Dividend Yield of 2.39, CVX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.47% |
5.2 History
The dividend of CVX is nicely growing with an annual growth rate of 6.53%!
CVX has paid a dividend for at least 10 years, which is 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
75.24% of the earnings are spent on dividend by CVX. This is not a sustainable payout ratio.
The dividend of CVX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP75.24%
EPS Next 2Y-2.73%
EPS Next 3Y7.31%
154.44
+0.99 (+0.65%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners60.13%
Inst Owner Change5.55%
Ins Owners0.05%
Ins Owner Change1.59%
Market Cap316.20B
Analysts76.43
Price Target167.63 (8.54%)
Short Float %3.57%
Short Ratio5.52
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.47% |
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)1.98%
PT rev (3m)-1.71%
EPS NQ rev (1m)-3.07%
EPS NQ rev (3m)-12.25%
EPS NY rev (1m)0%
EPS NY rev (3m)-12.79%
Revenue NQ rev (1m)0.93%
Revenue NQ rev (3m)-1.09%
Revenue NY rev (1m)1.61%
Revenue NY rev (3m)-0.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.13 | ||
| Fwd PE | 16.24 | ||
| P/S | 1.64 | ||
| P/FCF | 23.31 | ||
| P/OCF | 10.59 | ||
| P/B | 2.12 | ||
| P/tB | 2.19 | ||
| EV/EBITDA | 8.42 |
EPS(TTM)8.52
EY5.52%
EPS(NY)9.51
Fwd EY6.16%
FCF(TTM)6.63
FCFY4.29%
OCF(TTM)14.58
OCFY9.44%
SpS94.23
BVpS72.89
TBVpS70.66
PEG (NY)N/A
PEG (5Y)1.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.11% | ||
| ROE | 10.49% | ||
| ROCE | 10.4% | ||
| ROIC | 7.12% | ||
| ROICexc | 7.27% | ||
| ROICexgc | 7.43% | ||
| OM | 11.89% | ||
| 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 | 0.64 | ||
| Cap/Depr | 94.06% | ||
| Cap/Sales | 8.44% | ||
| Interest Coverage | 35.04 | ||
| Cash Conversion | 74.15% | ||
| Profit Quality | 86.63% | ||
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 3.95 |
F-Score5
WACC8.73%
ROIC/WACC0.82
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-20.43%
EPS Next 2Y-2.73%
EPS Next 3Y7.31%
EPS Next 5Y6.34%
Revenue 1Y (TTM)-4.71%
Revenue growth 3Y7.52%
Revenue growth 5Y6.65%
Sales Q2Q%-12.42%
Revenue Next Year-6.74%
Revenue Next 2Y-2.45%
Revenue Next 3Y-1.41%
Revenue Next 5Y-4.21%
EBIT growth 1Y-3.16%
EBIT growth 3Y12.39%
EBIT growth 5Y66.6%
EBIT Next Year43.34%
EBIT Next 3Y23.3%
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%