Stock Analysis on Net

Valero Energy Corp. (NYSE:VLO)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 30, 2024.

Price to Sales (P/S)
since 2005

Microsoft Excel

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Calculation

Valero Energy Corp., P/S, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Valero Energy Corp. Annual Report.


Share Price Trend
The share price experienced significant volatility over the analyzed period. Initially, it hovered around the mid-$50 range from 2006 to 2008, followed by a sharp decline to below $20 in 2009 and 2010, reflecting a challenging phase. Subsequently, a recovery phase began, with prices gradually increasing to reach a peak above $130 in 2023 and slightly declining to around $140 in 2024. Overall, the share price shows a long-term upward trajectory despite intermediate downturns.
Sales Per Share Trend
Sales per share showed considerable fluctuations, with a notable rise from 132.13 in 2006 to a high of over 230 by 2009, indicating a growth phase. However, a sharp downturn occurred in 2010, followed by variable performance with intermittent increases and decreases. From 2018 onward, sales per share surged dramatically, peaking at 475.23 in 2023 before experiencing a moderate decline to 435.41 in 2024. This pattern indicates cyclicality and strong growth in recent years.
Price-to-Sales (P/S) Ratio Analysis
The P/S ratio remained relatively low throughout the period, mostly ranging between 0.08 and 0.48. It reached its lowest in 2009 at 0.08, coinciding with the low share price and high sales per share, reflecting undervaluation or market pessimism during that period. Following that low, the ratio increased steadily until around 2013, after which it stabilized with some fluctuations. A slight decline in the P/S ratio in recent years suggests that sales growth outpaced the increase in share price.
Overall Insights
The company’s financial data indicates cyclical performance with a trough during 2009-2010, likely linked to external market conditions. Post-2010, recovery in both share price and sales per share is evident, culminating in strong sales growth and share price appreciation towards 2023. The P/S ratio remaining modest despite rising share prices and sales could imply cautious investor sentiment or conservative valuation metrics. The patterns highlight resilience and growth potential, albeit amidst volatility.

Comparison to Competitors

Valero Energy Corp., P/S, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Oil, Gas & Consumable Fuels)

Valero Energy Corp., P/S, long-term trends, comparison to sector (oil, gas & consumable fuels)

Microsoft Excel

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Energy)