Valvoline Inc

Industrials
Major Chemicals
www.valvoline.com

Earnings Score
Safety Score

Market Cap $4.25B
PE 16
Debt $1.08B
Cash $62.30M
EV $5.27B
FCF $41.40M

Earnings

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Sales & Net Margins

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Earnings	$267.40M
EBIT	$438.70M
ROE	108%
ROA	18%
FCF	$41.40M
Equity	$248.70M
Growth Stability	28%
PE	15.91
PEG	7.88
PB	17.1
P/FCF	102.74
P/S	2.54
Price/Cash	0.01
Debt/Equity	4.33
Debt/FCF	25.98
Net Margins	16%
Gross Margins	38%
Op. Margins	26%
Earnings CAGR	17%
Sales Growth YoY	4%
Sales Growth QoQ	-3%
Sales CAGR	5%
FCF CAGR	-13%
Equity CAGR	-2%
Earnings Stability	0.2
Earnings Growth YoY	-9%

Earnings Growth QoQ	-59%
Earnings CAGR 5Y	2%
Sales CAGR 5Y	-16%
FCF CAGR 5Y	-28%
Equity CAGR 5Y	11%
Earnings CAGR 3Y	19%
Sales CAGR 3Y	19%
FCF CAGR 3Y	-41%
Equity CAGR 3Y	-28%
Market Cap	$4.25B
Revenue	$1.67B
Assets	$2.45B
Total Debt	$1.08B
Cash	$62.30M
Shares Outstanding	125.44M
EV	5.27B
Earnings Score	11%
Safety Score	32%
Working Capital	-85.6M
Current Ratio	0.73
Gross Profit	$641.20M
Shares Growth 3y	-14%
Equity Growth QoQ	8%
Equity Growth YoY	314%

Assets & ROA

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Stockholders Equity & ROE

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Valvoline produces, markets, and sells automotive maintenance products, particularly lubricants, to retail outlets and installer customers worldwide. The company caters to do-it-yourself customers by selling products to auto-parts stores and leading mass-merchandisers via direct sales and distributors. Valvoline targets the do-it-for-me segment by selling products to car dealers, general repair shops, and third-party quick-lube chains. Valvoline also operates and franchises quick-lube oil change centers, in addition to selling products and providing Valvoline-branded signage to smaller-scale independent operators. Product sales accounted for nearly 65% of fiscal 2020 sales, with the balance generated by its retail services (quick-lube) unit.

SEC Filings

Direct access to Valvoline Inc (VVV) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-Q Dec 31
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-Q Dec 31
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Valvoline Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Valvoline Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 17%

Stability 20%

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Valvoline Inc Discounted Cash Flow

Fully customizable DCF calculator online for Valvoline Inc.

Years

Calculation mode

= $179M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$41M	$36M	$31M	$27M	$23M	$20M	$18M	$15M	$13M	$12M	$10M	$100M
DCF		$33M	$26M	$20M	$16M	$13M	$10M	$7.9M	$6.2M	$4.9M	$3.9M	$39M
Value	$179M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	09/2015	09/2016	03/2017	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Net Margins	10%	14%	-	15%	7%	9%	13%	14%	34%	98%	13%	16%
ROA	-	24%	-	28%	21%	19%	18%	20%	6%	9%	15%	18%
ROE	-	-83%	-	-260%	-46%	-81%	-417%	311%	138%	699%	114%	108%

Good Net Margins (15.8%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	09/2015	09/2016	03/2017	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Debt over FCF	-	3.15	-	-6.12	6	6.29	8.96	6.63	12.24	9.4	19.2	25.98
Debt over Equity	-	-2.34	-	-10.36	-3.81	-5.29	-26.07	12.78	6.07	7.98	6.05	4.33
Growth Stability	-	-	-	100%	58%	89%	100%	100%	100%	100%	28%	28%

Bad Debt/FCF ratio (25.98)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Bad Debt/Equity ratio (4.33)

The company is overleveraged and has a bad balance between equity and debt.

Bad Graham’s Stability (28%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	09/2015	09/2016	03/2017	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	CAGR 5Y
Revenue YoY growth	-	-2%	-	-	10%	5%	-2%	27%	-59%	17%	12%	-16%
Earnings YoY growth	-	39%	-	-	-45%	25%	52%	32%	1%	235%	-85%	2%
Equity YoY growth	-	-153%	-	-	206%	-28%	-71%	-278%	127%	-34%	-9%	11%
FCF YoY growth	-	-14%	-	-	-215%	-4%	2%	18%	-41%	13%	-66%	-28%