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NYQ · Valuation Lab
CVX
Chevron Corporation
Last$186.41
Market cap371.3B
EV/EBITDA8.4x
Intrinsic value
$111.84
MoS -66.7% · Overvalued
Assuming 9.0% FCF margin and -7.9% Y1–5 growth.
Upside to price
EV (DCF)262.8B
Terminal share66%
Expected IV$125.75
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 66% of EV
PV of stage FCFs90.6B
PV of terminal value172.2B
Enterprise value262.8B
Net cash / (debt)-40.1B
Equity value222.7B
Intrinsic value / share$111.84
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 169.9B | 15.3B | 14.4B | 94.0% |
| Y2 | 156.4B | 14.1B | 12.4B | 88.3% |
| Y3 | 144.1B | 13B | 10.8B | 83.0% |
| Y4 | 132.7B | 11.9B | 9.3B | 78.1% |
| Y5 | 122.2B | 11B | 8.1B | 73.4% |
| Y6 | 124.7B | 11.2B | 7.7B | 69.0% |
| Y7 | 127.2B | 11.4B | 7.4B | 64.8% |
| Y8 | 129.7B | 11.7B | 7.1B | 60.9% |
| Y9 | 132.3B | 11.9B | 6.8B | 57.3% |
| Y10 | 134.9B | 12.1B | 6.5B | 53.8% |
| Terminal | — | — | 172.2B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.