Chevron engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream. The company was founded in 1879 and is based in San Ramon, California.
CVX Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Chevron Corp. To summarize, we found that Chevron Corp ranked in the 61th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Chevron Corp, consider:
Chevron Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -14.13. This coverage rate is greater than that of just 7.01% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Relative to other stocks in its sector (Energy), Chevron Corp has a reliance on debt greater than only 16.49% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CVX, try TNK, HFC, NEBLQ, DHT, and COG.