Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

Chevron Corporation (CVX)

Company Dividend Discount ModelIndustry: Oil & Gas IntegratedSector: Energy

Valuation Snapshot

Stable Growth$110.26 - $205.62$149.22
Multi-Stage$116.11 - $126.51$121.21
Blended Fair Value$135.22
Current Price$155.29
Upside-12.93%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS5.66%4.06%6.676.416.205.765.465.074.814.604.544.52
YoY Growth--4.09%3.36%7.75%5.47%7.72%5.38%4.55%1.25%0.50%0.81%
Dividend Yield--3.99%4.03%3.80%3.53%5.21%6.99%3.85%4.03%4.23%4.74%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)12,780.00
(-) Cash Dividends Paid (M)12,187.00
(=) Cash Retained (M)593.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,556.001,597.50958.50
Cash Retained (M)593.00593.00593.00
(-) Cash Required (M)-2,556.00-1,597.50-958.50
(=) Excess Retained (M)-1,963.00-1,004.50-365.50
(/) Shares Outstanding (M)1,768.661,768.661,768.66
(=) Excess Retained per Share-1.11-0.57-0.21
LTM Dividend per Share6.896.896.89
(+) Excess Retained per Share-1.11-0.57-0.21
(=) Adjusted Dividend5.786.326.68
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate3.66%4.66%5.66%
Fair Value$110.26$149.22$205.62
Upside / Downside-29.00%-3.91%32.41%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)12,780.0013,375.9813,999.7514,652.6115,335.9216,051.0916,532.63
Payout Ratio95.36%94.29%93.22%92.14%91.07%90.00%92.50%
Projected Dividends (M)12,187.0012,611.9413,050.0013,501.5013,966.7314,445.9815,292.68

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate3.66%4.66%5.66%
Year 1 PV (M)11,449.7411,560.1911,670.64
Year 2 PV (M)10,755.6910,964.2011,174.72
Year 3 PV (M)10,102.3810,397.5710,698.45
Year 4 PV (M)9,487.469,858.8810,241.10
Year 5 PV (M)8,908.749,346.809,801.94
PV of Terminal Value (M)154,655.46162,260.27170,161.35
Equity Value (M)205,359.46214,387.92223,748.19
Shares Outstanding (M)1,768.661,768.661,768.66
Fair Value$116.11$121.21$126.51
Upside / Downside-25.23%-21.94%-18.54%

High-Yield Dividend Screener

« Prev Page 26 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
600036.SSChina Merchants Bank Co., Ltd.5.46%$2.3039.04%
7296.TF.C.C. Co., Ltd.5.46%$202.4061.47%
BPF-UN.TOBoston Pizza Royalties Income Fund5.46%$1.2581.66%
SONDA.SNSonda S.A.5.46%$18.7857.64%
0062.HKTransport International Holdings Limited5.45%$0.5845.75%
AGN.ASAegon N.V.5.45%$0.3645.01%
CGCBV.HECargotec Corporation5.45%$2.1313.30%
LEVE3.SAMAHLE Metal Leve S.A.5.45%$1.8342.42%
RATCH-R.BKRatch Group Public Company Limited5.45%$1.6162.39%
071320.KSKorea District Heating Corp.5.44%$5,144.2919.59%
3051.TWOptimax Technology Corporation5.44%$1.0172.99%
LSIP.JKPT Perusahaan Perkebunan London Sumatra Indonesia Tbk5.44%$64.9923.07%
4580.TWOValue Valves Co., Ltd.5.43%$4.4379.29%
BNBR3.SABanco do Nordeste do Brasil S.A.5.43%$5.9820.89%
1866.HKChina XLX Fertiliser Ltd.5.42%$0.5022.65%
4207.TWOTaiwan Fructose Co., Ltd.5.42%$1.0061.33%
8955.TJapan Prime Realty Investment Corporation5.42%$5,726.8966.85%
8TRA.DETraton SE5.42%$1.7047.75%
AMATA.BKAmata Corporation Public Company Limited5.42%$0.9033.06%
CRECCrescera Capital Acquisition Corp.5.42%$0.5940.15%
9907.TWTon Yi Industrial Corp.5.41%$0.9770.39%
004970.KSSilla Co.,Ltd5.40%$499.3456.25%
JDE.DEJDE Peet's N.V.5.40%$1.7274.35%
0QU6.LHIAG Immobilien Holding AG5.39%$6.3944.68%
3022.TWIEI Integration Corp.5.39%$3.5169.75%
4105.TWOTTY Biopharm Company Limited5.39%$4.3568.65%
BNORDIK-CSE.COP/F BankNordik5.39%$8.3624.49%
003550.KSLG Corp.5.38%$4,358.8394.91%
2414.TWUnitech Computer Co., Ltd.5.38%$2.1971.08%
9627.SRTwareat Medical Care Co.5.38%$0.6671.63%
AMARC.BKAsia Medical and Agricultural Laboratory and Research Center Public Company Limited5.38%$0.1438.50%
MDNE3.SAMoura Dubeux Engenharia S.A.5.38%$1.2429.60%
001286.SZShaanxi Energy Investment5.37%$0.5064.09%
82020.HKANTA Sports-r5.37%$3.8940.14%
CCN.PACaisse Régionale de Crédit Agricole Mutuel de Normandie-Seine Société coopérative5.37%$7.0126.05%
ENGH.TOEnghouse Systems Limited5.37%$1.0879.39%
G07.SIGreat Eastern Holdings Limited5.37%$0.8240.54%
GEMA.JKPT Gema Grahasarana Tbk5.37%$5.1529.14%
HNK1.DEHeineken N.V.5.37%$3.7183.13%
SELER.PASelectirente5.37%$4.4033.09%
600750.SSJiang Zhong Pharmaceutical Co.,Ltd5.36%$1.2493.11%
000883.SZHubei Energy Group Co., Ltd.5.35%$0.2493.11%
039570.KSHDC I-Controls Co., Ltd.5.35%$448.0048.81%
AB9.DEABO Energy GmbH & Co. KGaA5.35%$0.6511.20%
CUP.AXCount Limited5.35%$0.068.76%
RB.SWReckitt Benckiser Group plc5.35%$2.8967.01%
0411.HKLam Soon (Hong Kong) Limited5.34%$0.6027.98%
1342.TWCathay Consolidated, Inc.5.34%$4.7687.76%
9612.SRSama Healthy Water Factory Co.5.34%$0.1039.45%
000521.SZChanghong Meiling Co., Ltd.5.33%$0.3554.63%