CHEVRON CORP (CVX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CVX - US1667641005 - Common Stock
149.52 USD
+2.77 (+1.89%)
149.61 USD
+0.09 (+0.06%)
We assign a fundamental rating of 4 out of 10 to CVX. CVX was compared to 208 industry peers in the Oil, Gas & Consumable Fuels industry. CVX has only an average score on both its financial health and profitability. 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.
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
With a Return On Assets value of 3.91%, CVX perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
Looking at the Return On Equity, with a value of 6.73%, CVX is in line with its industry, outperforming 48.08% of the companies in the same industry.
With a Return On Invested Capital value of 4.76%, CVX perfoms like the industry average, outperforming 40.87% of the companies in the same 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 21.00%.
The 3 year average ROIC (9.34%) for CVX is well above the current ROIC(4.76%). The reason for the recent decline needs to be investigated.
| 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
The Profit Margin of CVX (6.83%) is comparable to the rest of the industry.
CVX's Profit Margin has improved in the last couple of years.
CVX's Operating Margin of 10.82% is in line compared to the rest of the industry. CVX outperforms 41.35% of its industry peers.
In the last couple of years the Operating Margin of CVX has grown nicely.
Looking at the Gross Margin, with a value of 39.56%, CVX is in line with its industry, outperforming 47.12% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CVX is still creating some value.
Compared to 1 year ago, CVX has less shares outstanding
CVX has less shares outstanding than it did 5 years ago.
CVX has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.98 indicates that CVX is not a great score, but indicates only limited risk for bankruptcy at the moment.
CVX has a Altman-Z score of 2.98. This is amongst the best in the industry. CVX outperforms 82.69% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 2.69, CVX is in the better half of the industry, outperforming 78.37% of the companies in the same industry.
A Debt/Equity ratio of 0.20 indicates that CVX is not too dependend on debt financing.
CVX has a better Debt to Equity ratio (0.20) than 71.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 2.69 | ||
| Altman-Z | 2.98 |
ROIC/WACC0.57
WACC8.3%
2.3 Liquidity
A Current Ratio of 1.15 indicates that CVX should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.15, CVX is in line with its industry, outperforming 50.48% of the companies in the same industry.
CVX has a Quick Ratio of 1.15. 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 (0.86) which is in line with its industry peers.
| 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.
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 -3.63% in the last 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)-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
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
CVX is valuated rather expensively with a Price/Earnings ratio of 19.02.
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 26.22.
A Price/Forward Earnings ratio of 18.82 indicates a rather expensive valuation of CVX.
The rest of the industry has a similar Price/Forward Earnings ratio as CVX.
CVX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.58, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.02 | ||
| Fwd PE | 18.82 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CVX.
CVX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.52 | ||
| EV/EBITDA | 8.35 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.88
EPS Next 2Y-11.08%
EPS Next 3Y1.02%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.54%, CVX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.83, CVX pays a bit more dividend than its industry peers.
CVX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.54% |
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 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
95.82% of the earnings are spent on dividend by CVX. 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%
149.52
+2.77 (+1.89%)
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 Cap301.06B
Revenue(TTM)186.98B
Net Income(TTM)12.77B
Analysts76.25
Price Target176.29 (17.9%)
Short Float %0.97%
Short Ratio2.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.54% |
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)2.61%
EPS NQ rev (1m)0.04%
EPS NQ rev (3m)-19.77%
EPS NY rev (1m)0.62%
EPS NY rev (3m)-5.13%
Revenue NQ rev (1m)1.37%
Revenue NQ rev (3m)1.09%
Revenue NY rev (1m)0.99%
Revenue NY rev (3m)0.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.02 | ||
| Fwd PE | 18.82 | ||
| P/S | 1.61 | ||
| P/FCF | 19.52 | ||
| P/OCF | 9.45 | ||
| P/B | 1.59 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | 8.35 |
EPS(TTM)7.86
EY5.26%
EPS(NY)7.95
Fwd EY5.31%
FCF(TTM)7.66
FCFY5.12%
OCF(TTM)15.82
OCFY10.58%
SpS92.86
BVpS94.28
TBVpS92.02
PEG (NY)N/A
PEG (5Y)1.88
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 | 2.98 |
F-Score6
WACC8.3%
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 19.02 and the Price/Book (PB) ratio is 1.59.
Can you provide the financial health for CVX stock?
The financial health rating of CHEVRON CORP (CVX) is 5 / 10.