CHEVRON CORP (CVX) Stock Fundamental Analysis
USA - NYSE:CVX - US1667641005 - Common Stock
155.28 USD
-0.28 (-0.18%)
155.69 USD
+0.41 (+0.26%)
Overall CVX gets a fundamental rating of 5 out of 10. We evaluated CVX against 209 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. Finally CVX also has an excellent dividend rating. These ratings could make CVX a good candidate 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.
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 5.47%, CVX is in the better half of the industry, outperforming 65.55% of the companies in the same industry.
CVX's Return On Equity of 9.37% is in line compared to the rest of the industry. CVX outperforms 59.33% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.61%, CVX is in line with its industry, outperforming 59.81% 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 21.72%.
| 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
With a Profit Margin value of 7.31%, CVX perfoms like the industry average, outperforming 48.80% of the companies in the same industry.
In the last couple of years the Profit Margin of CVX has grown nicely.
CVX has a Operating Margin (11.10%) 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 (38.18%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of CVX has declined.
| 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.
The number of shares outstanding for CVX has been reduced compared to 1 year ago.
The number of shares outstanding for CVX has been reduced compared to 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 4.00. This indicates that CVX is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of CVX (4.00) is better than 85.65% 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.
Looking at the Debt to FCF ratio, with a value of 1.83, CVX belongs to the top of the industry, outperforming 83.25% of the companies in the same industry.
A Debt/Equity ratio of 0.16 indicates that CVX is not too dependend on debt financing.
CVX has a Debt to Equity ratio of 0.16. This is in the better half of the industry: CVX outperforms 69.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 1.83 | ||
| Altman-Z | 4 |
ROIC/WACC0.81
WACC8.2%
2.3 Liquidity
CVX has a Current 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's Current ratio of 1.00 is in line compared to the rest of the industry. CVX outperforms 44.50% of its industry peers.
A Quick Ratio of 0.74 indicates that CVX may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.74, CVX is doing worse than 64.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 0.74 |
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.
Looking at the last year, CVX shows a decrease in Revenue. The Revenue has decreased by -4.71% 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)-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
CVX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.88% yearly.
CVX is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.94% yearly.
EPS Next Y-24.97%
EPS Next 2Y-7.77%
EPS Next 3Y2.8%
EPS Next 5Y8.88%
Revenue Next Year-5.33%
Revenue Next 2Y-1.22%
Revenue Next 3Y-0.34%
Revenue Next 5Y-1.94%
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 18.23, CVX is valued on the expensive side.
CVX's Price/Earnings is on the same level as the industry average.
CVX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.08.
CVX is valuated rather expensively with a Price/Forward Earnings ratio of 18.16.
CVX's Price/Forward Earnings ratio is in line with the industry average.
CVX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.09.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.23 | ||
| Fwd PE | 18.16 |
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.
The rest of the industry has a similar Price/Free Cash Flow ratio as CVX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.74 | ||
| EV/EBITDA | 8.93 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.8
EPS Next 2Y-7.77%
EPS Next 3Y2.8%
5. Dividend
5.1 Amount
CVX has a Yearly Dividend Yield of 4.37%, which is a nice return.
Compared to an average industry Dividend Yield of 6.15, 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 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.37% |
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 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-7.77%
EPS Next 3Y2.8%
155.28
-0.28 (-0.18%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners58.8%
Inst Owner Change-5.57%
Ins Owners0.05%
Ins Owner Change1.74%
Market Cap317.92B
Revenue(TTM)187.74B
Net Income(TTM)13.72B
Analysts76
Price Target172.08 (10.82%)
Short Float %0.82%
Short Ratio2.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.37% |
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)0.15%
PT rev (3m)3.8%
EPS NQ rev (1m)-10.26%
EPS NQ rev (3m)-10.87%
EPS NY rev (1m)-4.01%
EPS NY rev (3m)-5.71%
Revenue NQ rev (1m)2.26%
Revenue NQ rev (3m)10.2%
Revenue NY rev (1m)-0.66%
Revenue NY rev (3m)3.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.23 | ||
| Fwd PE | 18.16 | ||
| P/S | 1.69 | ||
| P/FCF | 19.74 | ||
| P/OCF | 9.89 | ||
| P/B | 2.17 | ||
| P/tB | 2.24 | ||
| EV/EBITDA | 8.93 |
EPS(TTM)8.52
EY5.49%
EPS(NY)8.55
Fwd EY5.51%
FCF(TTM)7.86
FCFY5.06%
OCF(TTM)15.7
OCFY10.11%
SpS91.7
BVpS71.51
TBVpS69.28
PEG (NY)N/A
PEG (5Y)1.8
Graham Number117.09
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
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-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 |
F-Score4
WACC8.2%
ROIC/WACC0.81
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-24.97%
EPS Next 2Y-7.77%
EPS Next 3Y2.8%
EPS Next 5Y8.88%
Revenue 1Y (TTM)-4.71%
Revenue growth 3Y7.52%
Revenue growth 5Y6.65%
Sales Q2Q%-12.42%
Revenue Next Year-5.33%
Revenue Next 2Y-1.22%
Revenue Next 3Y-0.34%
Revenue Next 5Y-1.94%
EBIT growth 1Y-9.11%
EBIT growth 3Y12.39%
EBIT growth 5Y66.6%
EBIT Next Year46.4%
EBIT Next 3Y23.78%
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%
CHEVRON CORP / CVX FAQ
What is the fundamental rating for CVX stock?
ChartMill assigns a fundamental rating of 5 / 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 18.23 and the Price/Book (PB) ratio is 2.17.
Can you provide the financial health for CVX stock?
The financial health rating of CHEVRON CORP (CVX) is 6 / 10.