CHEVRON CORP (CVX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CVX - US1667641005 - Common Stock
149.51 USD
+0.98 (+0.66%)
149.56 USD
+0.05 (+0.03%)
Overall CVX gets a fundamental rating of 4 out of 10. We evaluated CVX against 210 industry peers in the Oil, Gas & Consumable Fuels industry. CVX has an average financial health and profitability rating. 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.
CVX had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CVX had a positive operating cash flow.
1.2 Ratios
CVX's Return On Assets of 3.91% is in line compared to the rest of the industry. CVX outperforms 54.76% of its industry peers.
With a Return On Equity value of 6.73%, CVX perfoms like the industry average, outperforming 47.62% of the companies in the same industry.
CVX has a Return On Invested Capital (4.76%) which is in line with 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 21.41%.
The last Return On Invested Capital (4.76%) for CVX is well below the 3 year average (9.34%), which needs to be investigated, but indicates that CVX had better years and this may not be a problem.
| 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
CVX has a Profit Margin (6.83%) which is in line with its industry peers.
CVX's Profit Margin has improved in the last couple of years.
CVX has a Operating Margin (10.82%) which is in line with its industry peers.
In the last couple of years the Operating Margin of CVX has grown nicely.
The Gross Margin of CVX (39.56%) 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 | 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CVX is creating some value.
CVX has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, CVX has less shares outstanding
The debt/assets ratio for CVX is higher compared to a year ago.
2.2 Solvency
CVX has an Altman-Z score of 3.02. This indicates that CVX is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 3.02, CVX belongs to the best of the industry, outperforming 82.38% of the companies in the same industry.
CVX has a debt to FCF ratio of 2.69. This is a good value and a sign of high solvency as CVX would need 2.69 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.69, CVX is doing good in the industry, outperforming 79.05% of the companies in the same industry.
A Debt/Equity ratio of 0.20 indicates that CVX is not too dependend on debt financing.
The Debt to Equity ratio of CVX (0.20) is better than 70.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 2.69 | ||
| Altman-Z | 3.02 |
ROIC/WACC0.58
WACC8.18%
2.3 Liquidity
CVX has a Current Ratio of 1.15. This is a normal value and indicates that CVX is financially healthy and should not expect problems in meeting its short term obligations.
CVX's Current ratio of 1.15 is in line compared to the rest of the industry. CVX outperforms 50.95% of its industry peers.
A Quick Ratio of 0.86 indicates that CVX may have some problems paying its short term obligations.
With a Quick ratio value of 0.86, CVX perfoms like the industry average, outperforming 45.24% of the companies in the same industry.
| 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.
CVX shows a decrease in Revenue. In the last year, the revenue decreased by -3.63%.
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
CVX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.37% yearly.
The Revenue is expected to decrease by -1.94% on average over the next years.
EPS Next Y-26.58%
EPS Next 2Y-9.84%
EPS Next 3Y1.96%
EPS Next 5Y4.37%
Revenue Next Year-5.54%
Revenue Next 2Y-1.04%
Revenue Next 3Y-0.25%
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.
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
The Price/Earnings ratio is 19.02, which indicates a rather expensive current valuation of CVX.
CVX's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.15, CVX is valued a bit cheaper.
A Price/Forward Earnings ratio of 18.30 indicates a rather expensive valuation of CVX.
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 36.12.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.02 | ||
| Fwd PE | 18.3 |
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.
CVX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.85 | ||
| EV/EBITDA | 8.56 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.88
EPS Next 2Y-9.84%
EPS Next 3Y1.96%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.55%, CVX is a good candidate for dividend investing.
CVX's Dividend Yield is a higher than the industry average which is at 5.90.
Compared to an average S&P500 Dividend Yield of 2.41, CVX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.55% |
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
95.82% 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.
DP95.82%
EPS Next 2Y-9.84%
EPS Next 3Y1.96%
149.51
+0.98 (+0.66%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners58.8%
Inst Owner Change4.55%
Ins Owners0.05%
Ins Owner Change1.66%
Market Cap306.11B
Revenue(TTM)186.98B
Net Income(TTM)12.77B
Analysts75.63
Price Target175.83 (17.6%)
Short Float %0.73%
Short Ratio1.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.55% |
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)2.18%
PT rev (3m)2.66%
EPS NQ rev (1m)-9.25%
EPS NQ rev (3m)-20.7%
EPS NY rev (1m)-2.14%
EPS NY rev (3m)-5.72%
Revenue NQ rev (1m)0.68%
Revenue NQ rev (3m)-0.97%
Revenue NY rev (1m)-0.22%
Revenue NY rev (3m)-1.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.02 | ||
| Fwd PE | 18.3 | ||
| P/S | 1.64 | ||
| P/FCF | 19.85 | ||
| P/OCF | 9.61 | ||
| P/B | 1.61 | ||
| P/tB | 1.65 | ||
| EV/EBITDA | 8.56 |
EPS(TTM)7.86
EY5.26%
EPS(NY)8.17
Fwd EY5.46%
FCF(TTM)7.53
FCFY5.04%
OCF(TTM)15.55
OCFY10.4%
SpS91.33
BVpS92.72
TBVpS90.49
PEG (NY)N/A
PEG (5Y)1.88
Graham Number128.06
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 | 3.02 |
F-Score6
WACC8.18%
ROIC/WACC0.58
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-26.58%
EPS Next 2Y-9.84%
EPS Next 3Y1.96%
EPS Next 5Y4.37%
Revenue 1Y (TTM)-3.63%
Revenue growth 3Y7.52%
Revenue growth 5Y6.65%
Sales Q2Q%-1.86%
Revenue Next Year-5.54%
Revenue Next 2Y-1.04%
Revenue Next 3Y-0.25%
Revenue Next 5Y-1.94%
EBIT growth 1Y-2.45%
EBIT growth 3Y12.39%
EBIT growth 5Y66.6%
EBIT Next Year46.4%
EBIT Next 3Y23.78%
EBIT Next 5Y11.54%
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 1.61.
Can you provide the financial health for CVX stock?
The financial health rating of CHEVRON CORP (CVX) is 6 / 10.