DDM Analysis: CVX

Valuation Snapshot

Stable Growth	$145.91 - $335.19	$212.99
Multi-Stage	$148.53 - $162.15	$155.22
Blended Fair Value	$184.10
Current Price	$155.29
Upside	18.55%
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	$145.91	$212.99	$335.19
Upside / Downside	-6.04%	37.15%	115.85%

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)	11,590.79	11,702.60	11,814.42
Year 2 PV (M)	11,022.33	11,236.01	11,451.74
Year 3 PV (M)	10,480.35	10,786.59	11,098.73
Year 4 PV (M)	9,963.68	10,353.74	10,755.15
Year 5 PV (M)	9,471.17	9,936.89	10,420.76
PV of Terminal Value (M)	210,179.16	220,514.23	231,251.91
Equity Value (M)	262,707.49	274,530.07	286,792.71
Shares Outstanding (M)	1,768.66	1,768.66	1,768.66
Fair Value	$148.53	$155.22	$162.15
Upside / Downside	-4.35%	-0.05%	4.42%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 90 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
688267.SS	China Catalyst Holding Co., Ltd.	1.26%	$0.35	34.87%
8848.T	Leopalace21 Corporation	1.26%	$8.31	27.11%
BAUH4.SA	Excelsior Alimentos S.A.	1.26%	$1.17	21.88%
CAST.ST	Castellum AB (publ)	1.26%	$1.33	21.53%
CRH	CRH plc	1.26%	$1.60	33.62%
HBEL.BO	Humming Bird Education Limited	1.26%	$0.30	36.54%
JCI	Johnson Controls International plc	1.26%	$1.54	56.71%
KOG.OL	Kongsberg Gruppen ASA	1.26%	$3.40	42.40%
OEM-B.ST	OEM International AB (publ)	1.26%	$1.74	40.26%
SAREGAMA.BO	Saregama India Limited	1.26%	$4.51	42.77%
SDPC.JK	PT Millennium Pharmacon International Tbk	1.26%	$2.00	15.16%
002448.SZ	ZYNP Corporation	1.25%	$0.16	32.06%
0QLU.L	Basler Kantonalbank	1.25%	$1.11	12.42%
145720.KS	Dentium Co. Ltd.	1.25%	$599.51	9.81%
204320.KS	Mando Corporation	1.25%	$820.37	29.46%
3684.TWO	Grand-Tek Technology Co., Ltd.	1.25%	$0.80	29.94%
5819.KL	Hong Leong Bank Berhad	1.25%	$0.28	13.43%
600633.SS	Zhejiang Daily Digital Culture Group Co.,Ltd.	1.25%	$0.16	35.54%
600850.SS	CETC Digital Technology Co.,Ltd.	1.25%	$0.37	49.83%
603329.SS	Shanghai Ace Investment & Development Co., Ltd.	1.25%	$0.14	79.14%
603920.SS	Olympic Circuit Technology Co., Ltd	1.25%	$0.61	53.40%
6632.T	JVCKENWOOD Corporation	1.25%	$15.03	12.26%
9717.T	JASTEC Co., Ltd.	1.25%	$24.25	22.00%
9719.T	SCSK Corporation	1.25%	$70.95	36.13%
ENTER.AT	Entersoft S.A.	1.25%	$0.10	20.30%
ETN	Eaton Corporation plc	1.25%	$4.08	40.54%
IRFC.BO	Indian Railway Finance Corporation Limited	1.25%	$1.60	30.59%
LVC.WA	LiveChat Software S.A.	1.25%	$1.46	20.71%
ORSTED.CO	Ørsted A/S	1.25%	$1.60	10.19%
000514.SZ	Chongqing Yukaifa Co., Ltd	1.24%	$0.06	55.20%
002346.SZ	Shanghai Zhezhong Group Co.,Ltd	1.24%	$0.25	18.48%
002748.SZ	Jiangxi Selon Industrial Co., Ltd.	1.24%	$0.16	89.09%
1976.T	MEISEI INDUSTRIAL Co.,Ltd.	1.24%	$21.03	12.53%
300763.SZ	Ginlong Technologies Co., Ltd.	1.24%	$0.88	39.17%
600871.SS	Sinopec Oilfield Service Corporation	1.24%	$0.03	81.02%
603585.SS	Suli Co., Ltd.	1.24%	$0.23	35.70%
605116.SS	Aurisco Pharmaceutical Co.,Ltd.	1.24%	$0.31	29.49%
ALWED.PA	Wedia S.A.	1.24%	$0.38	21.38%
MNC.WA	Mennica Polska S.A.	1.24%	$0.60	6.22%
MTHH.CO	MT Højgaard Holding A/S	1.24%	$6.49	19.74%
WALL-B.ST	Wallenstam AB (publ)	1.24%	$0.51	17.40%
WRT1V.HE	Wärtsilä Oyj Abp	1.24%	$0.38	40.46%
041830.KQ	InBody Co.,Ltd	1.23%	$400.00	16.47%
0QHK.L	SeSa S.p.A.	1.23%	$1.12	27.54%
0Y5C.L	Allegion plc	1.23%	$1.99	26.83%
300726.SZ	Zhuzhou Hongda Electronics Corp.,Ltd.	1.23%	$0.63	74.98%
300916.SZ	Shenzhen Longtech Smart Control Co., Ltd.	1.23%	$0.40	42.79%
4148.TW	All Cosmos Bio-Tech Holding Corporation	1.23%	$0.48	23.21%
544.SI	CSE Global Limited	1.23%	$0.01	26.84%
600104.SS	SAIC Motor Corporation Limited	1.23%	$0.19	75.02%

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