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 213 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 is valued expensive and it does not seem to be growing. CVX also has an excellent dividend rating. With these ratings, CVX could be worth investigating further 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.
CVX had positive earnings in 4 of the past 5 years.
In the past 5 years CVX always reported a positive cash flow from operatings.
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 66.20% of the companies in the same industry.
Looking at the Return On Equity, with a value of 10.49%, CVX is in the better half of the industry, outperforming 61.50% of the companies in the same industry.
The Return On Invested Capital of CVX (7.14%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for CVX is significantly below the industry average of 23.55%.
| 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
The Profit Margin of CVX (8.12%) 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 comparable to the rest of the industry.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CVX is still 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
CVX has an Altman-Z score of 3.59. This indicates that CVX is financially healthy and has little risk of bankruptcy at the moment.
CVX has a better Altman-Z score (3.59) than 85.92% of its industry peers.
The Debt to FCF ratio of CVX is 2.19, which is a good value as it means it would take CVX, 2.19 years of fcf income to pay off 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 81.22% 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 71.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 2.19 | ||
| Altman-Z | 3.59 |
ROIC/WACC0.79
WACC9.01%
2.3 Liquidity
A Current Ratio of 1.08 indicates that CVX should not have too much problems paying its short term obligations.
With a Current ratio value of 1.08, CVX perfoms like the industry average, outperforming 46.01% 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.
Looking at the Quick ratio, with a value of 0.82, CVX is doing worse than 61.03% of the companies in the same industry.
| 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 -25.66%.
CVX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.14% yearly.
Looking at the last year, CVX shows a decrease in Revenue. The Revenue has decreased by -0.88% in the last year.
The Revenue has been growing slightly by 6.65% on average over the past years.
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.
CVX is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -4.21% yearly.
EPS Next Y-21.36%
EPS Next 2Y-0.73%
EPS Next 3Y8.17%
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
With a Price/Earnings ratio of 15.57, CVX is valued correctly.
CVX's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.55, CVX is valued a bit cheaper.
With a Price/Forward Earnings ratio of 14.62, CVX is valued correctly.
CVX's Price/Forward Earnings is on the same level as the industry average.
CVX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.57 | ||
| Fwd PE | 14.62 |
4.2 Price Multiples
CVX's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CVX is cheaper than 62.44% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as CVX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.64 | ||
| EV/EBITDA | 6.83 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.53
EPS Next 2Y-0.73%
EPS Next 3Y8.17%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.00%, CVX is a good candidate for dividend investing.
CVX's Dividend Yield is a higher than the industry average which is at 6.74.
CVX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5% |
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-0.73%
EPS Next 3Y8.17%
144.78
+1.43 (+1%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners68.58%
Inst Owner Change0.3%
Ins Owners0.04%
Ins Owner Change6.83%
Market Cap252.89B
Analysts73.57
Price Target164.38 (13.54%)
Short Float %4.13%
Short Ratio6.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5% |
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)-8.8%
EPS NQ rev (1m)-11.42%
EPS NQ rev (3m)-32.93%
EPS NY rev (1m)-13.82%
EPS NY rev (3m)-23.95%
Revenue NQ rev (1m)-1.96%
Revenue NQ rev (3m)-7.78%
Revenue NY rev (1m)-1.96%
Revenue NY rev (3m)-4.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.57 | ||
| Fwd PE | 14.62 | ||
| P/S | 1.31 | ||
| P/FCF | 18.64 | ||
| P/OCF | 8.47 | ||
| P/B | 1.69 | ||
| P/tB | 1.75 | ||
| EV/EBITDA | 6.83 |
EPS(TTM)9.3
EY6.42%
EPS(NY)9.9
Fwd EY6.84%
FCF(TTM)7.77
FCFY5.36%
OCF(TTM)17.09
OCFY11.8%
SpS110.46
BVpS85.44
TBVpS82.83
PEG (NY)N/A
PEG (5Y)1.53
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 | 3.59 |
F-Score5
WACC9.01%
ROIC/WACC0.79
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-21.36%
EPS Next 2Y-0.73%
EPS Next 3Y8.17%
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%