Company Valuation: Chevron Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 224,551 344,526 280,726 260,291 304,721 397,617 - -
Change - 53.43% -18.52% -7.28% 17.07% 30.49% - -
Enterprise Value (EV) 1 250,245 349,964 293,339 278,047 339,182 419,418 415,711 411,994
Change - 39.85% -16.18% -5.21% 21.99% 23.66% -0.88% -0.89%
P/E 14.4x 9.82x 13.1x 14.9x 23x 13.4x 15.7x 16.2x
PBR 1.62x 2.18x 1.74x 1.73x 1.63x 2.07x 2.05x 2.08x
PEG - 0x -0.3x -1x -0.7x 0x -1.1x -4.58x
Capitalization / Revenue 1.38x 1.4x 1.4x 1.28x 1.61x 1.76x 1.91x 1.92x
EV / Revenue 1.54x 1.42x 1.46x 1.37x 1.79x 1.86x 1.99x 1.99x
EV / EBITDA 6.13x 5.19x 6.07x 6x 8.05x 5.95x 6.56x 6.76x
EV / EBIT 11.2x 6.97x 9.76x 9.89x 16.2x 9.37x 11.3x 12.1x
EV / FCF 11.1x 9.86x 14.8x 18.5x 20.4x 10.9x 12.3x 13.2x
FCF Yield 8.99% 10.1% 6.75% 5.39% 4.89% 9.16% 8.16% 7.57%
Dividend per Share 2 5.31 5.68 6.04 6.52 6.84 7.132 7.442 7.719
Rate of return 4.52% 3.16% 4.05% 4.5% 4.49% 3.47% 3.62% 3.75%
EPS 2 8.14 18.28 11.36 9.72 6.63 15.38 13.14 12.68
Distribution rate 65.2% 31.1% 53.2% 67.1% 103% 46.4% 56.6% 60.9%
Net sales 1 162,465 246,252 200,949 202,792 189,031 225,451 208,380 206,756
EBITDA 1 40,825 67,483 48,293 46,377 42,143 70,475 63,417 60,946
EBIT 1 22,351 50,190 30,053 28,100 20,960 44,772 36,810 34,089
Net income 1 15,625 35,465 21,369 17,661 12,299 30,230 25,641 24,774
Net Debt 1 25,694 5,438 12,613 17,756 34,461 21,801 18,094 14,377
Reference price 2 117.35 179.49 149.16 144.84 152.41 205.74 205.74 205.74
Nbr of stocks (in thousands) 1,913,518 1,919,471 1,882,048 1,797,091 1,999,354 1,961,603 - -
Announcement Date 28/01/22 27/01/23 02/02/24 31/01/25 30/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.8x3.55x6.6x5.26% 1,709B
13.22x1.85x5.96x3.52% 398B
8.05x0.61x3.76x6.5% 282B
7.99x0.88x3.89x3.45% 251B
8.18x1.05x4.37x4.65% 195B
5.93x1.76x2.83x7.6% 150B
3.61x1.52x2.85x8.39% 113B
7.77x0.84x2.06x3.82% 97.87B
8.79x0.82x4.06x4.7% 80.26B
Average 8.59x 1.43x 4.04x 5.32% 363.98B
Weighted average by Cap. 11.44x 2.44x 5.44x 5.14%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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