DDM Analysis: CVX

Valuation Snapshot

Stable Growth	$145.94 - $335.32	$213.04
Multi-Stage	$148.56 - $162.18	$155.25
Blended Fair Value	$184.14
Current Price	$155.29
Upside	18.58%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	5.66%	4.06%	6.67	6.41	6.20	5.76	5.46	5.07	4.81	4.60	4.54	4.52
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

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	2,556.00	1,597.50	958.50
Cash Retained (M)	593.00	593.00	593.00
(-) 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)	1,768.66	1,768.66	1,768.66
(=) Excess Retained per Share	-1.11	-0.57	-0.21
LTM Dividend per Share	6.89	6.89	6.89
(+) Excess Retained per Share	-1.11	-0.57	-0.21
(=) Adjusted Dividend	5.78	6.32	6.68
WACC / Discount Rate	7.77%	7.77%	7.77%
Growth Rate	3.66%	4.66%	5.66%
Fair Value	$145.94	$213.04	$335.32
Upside / Downside	-6.02%	37.19%	115.93%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	12,780.00	13,375.98	13,999.75	14,652.61	15,335.92	16,051.09	16,532.63
Payout Ratio	95.36%	94.29%	93.22%	92.14%	91.07%	90.00%	92.50%
Projected Dividends (M)	12,187.00	12,611.94	13,050.00	13,501.50	13,966.73	14,445.98	15,292.68

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.77%	7.77%	7.77%
Growth Rate	3.66%	4.66%	5.66%
Year 1 PV (M)	11,590.88	11,702.69	11,814.51
Year 2 PV (M)	11,022.50	11,236.18	11,451.92
Year 3 PV (M)	10,480.60	10,786.84	11,098.99
Year 4 PV (M)	9,963.99	10,354.06	10,755.48
Year 5 PV (M)	9,471.53	9,937.27	10,421.16
PV of Terminal Value (M)	210,223.75	220,561.01	231,300.97
Equity Value (M)	262,753.25	274,578.06	286,843.02
Shares Outstanding (M)	1,768.66	1,768.66	1,768.66
Fair Value	$148.56	$155.25	$162.18
Upside / Downside	-4.33%	-0.03%	4.44%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 80 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
301151.SZ	Shanghai Karon Eco-Valve Manufacturing Co., Ltd.	1.64%	$0.31	64.22%
4912.T	Lion Corporation	1.64%	$27.13	35.97%
5328.TWO	Hua Jung Components Co.,Ltd.	1.64%	$0.35	73.35%
600256.SS	Guanghui Energy Co., Ltd.	1.64%	$0.08	26.14%
605365.SS	Leedarson IoT Technology Inc.	1.64%	$0.44	81.91%
6244.TWO	Motech Industries Inc.	1.64%	$0.34	98.50%
6367.T	Daikin Industries,Ltd.	1.64%	$330.12	35.31%
6383.T	Daifuku Co., Ltd.	1.64%	$80.66	36.37%
6454.T	Max Co., Ltd.	1.64%	$113.15	45.27%
LSS.PA	Lectra S.A.	1.64%	$0.41	50.95%
MEVA.AT	Mevaco S.A.	1.64%	$0.15	13.50%
MOVI3.SA	Movida Participações S.A.	1.64%	$0.16	19.79%
SRSOLTD.BO	Silicon Rental Solutions Ltd.	1.64%	$1.90	9.23%
002266.SZ	Zhefu Holding Group Co., Ltd.	1.63%	$0.07	37.41%
0GDU.L	Paradox Interactive AB (publ)	1.63%	$5.00	82.82%
300121.SZ	Shandong Yanggu Huatai Chemical Co., Ltd.	1.63%	$0.21	53.84%
603013.SS	YAPP Automotive Systems Co., Ltd.	1.63%	$0.40	37.85%
603081.SS	Zhejiang Dafeng Industry Co., Ltd	1.63%	$0.23	92.61%
603194.SS	Zhejiang E-P Equipment Co Ltd	1.63%	$0.64	29.27%
603221.SS	Elegant Home-Tech Co., Ltd.	1.63%	$0.21	78.59%
BEI.DE	Beiersdorf AG	1.63%	$1.52	25.19%
CLD.WA	Cloud Technologies S.A.	1.63%	$1.14	92.28%
IVS.MI	IVS Group S.A.	1.63%	$0.12	62.72%
LDO.MI	Leonardo S.p.A.	1.63%	$0.84	33.82%
MEOH	Methanex Corporation	1.63%	$0.67	24.08%
PARKIN.AE	Parkin Company PJSC	1.63%	$0.09	49.98%
051900.KS	LG H&H Co., Ltd.	1.62%	$4,377.83	70.74%
0F4O.L	Lotus Bakeries N.V.	1.62%	$133.75	36.00%
300206.SZ	Edan Instruments, Inc.	1.62%	$0.21	48.61%
5393.T	Nichias Corporation	1.62%	$110.01	23.11%
603385.SS	Huida Sanitary Ware Co., Ltd.	1.62%	$0.11	69.37%
605050.SS	Friend Co.,Ltd.	1.62%	$0.22	30.01%
7378.T	ASIRO Inc.	1.62%	$23.93	20.21%
BPAC11.SA	Banco BTG Pactual S.A.	1.62%	$0.84	27.38%
GRMN	Garmin Ltd.	1.62%	$3.28	40.42%
RUBFILA.BO	Rubfila International Limited	1.62%	$1.20	22.45%
VALO.BA	Banco de Valores S.A.	1.62%	$8.91	22.52%
WAS.WA	Wasko S.A.	1.62%	$0.03	19.20%
002152.SZ	GRG Banking Equipment Co., Ltd.	1.61%	$0.22	65.18%
002457.SZ	Ningxia Qinglong Pipes Industry Group Co., Ltd.	1.61%	$0.18	28.21%
002913.SZ	Aoshikang Technology Co., Ltd.	1.61%	$0.69	60.58%
007570.KS	Ilyang Pharmaceutical Co.,Ltd	1.61%	$210.74	33.61%
066570.KS	LG Electronics Inc.	1.61%	$1,472.83	36.12%
603181.SS	Zhejiang Huangma Technology Co.,Ltd	1.61%	$0.23	29.53%
603416.SS	WuXi Xinje Electric Co.,Ltd.	1.61%	$0.89	59.24%
ABB.AX	Aussie Broadband Limited	1.61%	$0.08	39.83%
H22.SI	Hong Leong Asia Ltd.	1.61%	$0.04	31.75%
MATAS.CO	Matas A/S	1.61%	$2.00	26.57%
SRSN.JK	PT Indo Acidatama Tbk	1.61%	$1.00	12.49%
000050.KS	Kyungbangco.Ltd	1.60%	$149.61	11.55%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Chevron Corporation (CVX)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener