# Chevron CDR (CAD Hedged) (CVX.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Energy / Oil, Gas & Fuels. Price C$28.86, market value C$576.2 billion.

## Valuation
- **P/E (trailing): 16.5×** (5-yr avg 30.1×, 3-yr avg 30.1×). Chevron CDR (CAD Hedged) trades at 16.5× trailing earnings, well below its own five-year average of 30.1×: cheap by its own standards. The Energy median in the September 2026 study was 16.8×.
- **Price / sales: 2.8×**. Each dollar of revenue is priced at 2.8×.
- **Price / book: 2.1×**. The shares trade at 2.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 10.9×**. Enterprise value is 10.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.7%** (5-yr avg 4.5%). Free cash flow equals 4.7% of the market value, in line with its five-year average of 4.5%.
- **Earnings yield: 6.1%**. The inverse of the P/E: 6.1% of the price is earned each year.

## Profitability
- **Gross margin: 32.4%**. Chevron CDR (CAD Hedged) keeps 32.4% of revenue after the direct cost of what it sells.
- **Operating margin: 12.4%**. 12.4% of revenue is left after running the business.
- **Net margin: 6.7%**. 6.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.6%**. 6.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 8.0%**. Return on all capital, debt included, is 8.0%.
- **Return on assets: 6.4%**. Each dollar of assets produces 6.4% of profit.

## Growth
- **Revenue growth (1 yr): -4.6%** (3-yr -7.9%/yr). Revenue fell 4.6% over the last year.
- **EPS growth (1 yr): -31.8%** (3-yr -28.7%/yr). Earnings per share fell 31.8%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -23.9%/yr**. Free cash flow has compounded at -23.9% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.22**. Debt is 0.22 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.6×**. It would take 0.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 18.1×**. Operating profit covers interest 18.1× over, a safe margin.
- **Current ratio: 1.15** (quick 0.86). Current assets cover the next year's liabilities 1.15 times.
- **Altman Z-score: 4.31**. A Z-score of 4.31 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Chevron CDR (CAD Hedged) does not currently pay a dividend, but it returned 1.9% of its market value through buybacks over the last year.

## Price and momentum
- **From 52-week high: -4.6%** (45.9% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 73**. An RSI of 73 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): -0.44** (volatility 26%). Beta of -0.44 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CVX.TO · Page: https://foliofundamentals.com/stocks/cvx.to

Not investment advice.