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Valvoline (VVV) USD

At a glance: strengths & risks
✓Revenue growing (+6%)✗High leverage (3.2x EBITDA)

Sector: Oil refining

Geography: United States

COMM_VVV

Price chart

33.53 USDDay 0.71%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
33.53 USD · 0.71%
Market cap
4.3 bn USD

Growth

Δ revenue y/y
24.1%
Δ EBITDA y/y
30.0%

Multiples

P/E (LTM)
42.0x
3y avg: 16.4x
P/B (FY)
12.6x
P/E (ann.)
16.5x
EV/EBITDA (LTM)
13.8x
3y avg: 14.5x
EV/EBITDA (ann.)
8.9x

Cash return

Dividend yield
—
FCF yield (LTM)
-2.7%

Value creation

to target market cap (spot commodity model)
Upside (potential)
-56.3%
↓ details

Liquidity

Daily turnover (listing)
25.2 mln USD

Shares: yahoo_fundamentals_timeseries/VVV

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)OK544.6
y/y 24.1%
112.2
y/y 18.5%
50.2
y/y 66.2%
162.4
y/y 30.0%
64.5
y/y 14.2%
124.4-57.13481.6
y/y 35.9%
416.7
y/y 32.9%
22.3%1517.8Link
2026-03-31Q1 2026 (3M)OK503.8
y/y 25.0%
86.0
y/y 28.6%
4.2
y/y -85.2%
90.2
y/y -5.4%
44.8
y/y 19.1%
95.4-57.83421.1
y/y 39.5%
353.1
y/y 42.0%
54.2%1944.0Link
2025-12-31Q4 2025 (3M)OK461.8
y/y 11.5%
18.3
y/y -87.3%
3.4
y/y —
21.7
y/y -84.9%
-32.8
y/y -135.8%
64.8-57.43402.1
y/y 44.8%
307.6
y/y 33.9%
-40.6%1970.9Link
2025-09-30Q3 2025 (3M)OK453.8
y/y 4.2%
84.5
y/y -37.2%
60.8
y/y -25.2%
145.3
y/y -32.7%
25.0
y/y -72.9%
121.9-98.92670.4
y/y 9.5%
338.5
y/y 82.4%
64.6%1615.8Link
2025-06-30Q2 2025 (3M)OK439.0
y/y 4.2%
94.7
y/y 1.4%
30.2
y/y —
124.9
y/y 33.7%
56.5
y/y 23.1%
86.9-54.92561.6
y/y 7.8%
313.6
y/y 194.5%
26.8%1326.9Link
2025-03-31Q1 2025 (3M)OK403.2
y/y 3.7%
66.9
y/y -12.4%
28.4
y/y —
95.3
y/y 24.7%
37.6
y/y -9.2%
47.2-51.82452.6
y/y -11.2%
248.7
y/y 313.8%
62.9%1309.0Link
2024-12-31Q4 2024 (3M)OK414.3
y/y 11.0%
143.8
y/y 129.0%
0.0
y/y -100.0%
143.8
y/y 64.5%
91.6
y/y 187.1%
41.2-53.62349.8
y/y -13.3%
229.8
y/y 254.6%
176.4%1246.2Link
2024-09-30Q3 2024 (3M)OK435.5
y/y —
134.6
y/y —
81.3
y/y —
215.9
y/y —
92.3
y/y —
101.3-71.42438.7
y/y -15.6%
185.6
y/y -8.7%
144.8%1557.1Link
2024-06-30Q2 2024 (3M)OK421.4
y/y 12.0%
93.4
y/y 8.0%
0.0
y/y —
93.4
y/y 8.0%
45.9
y/y -25.5%
75.6-65.82375.6
y/y -20.4%
106.5
y/y -62.7%
73.5%1357.2Link
2024-03-31Q1 2024 (3M)OK388.7
y/y 12.8%
76.4
y/y 24.8%
0.0
y/y —
76.4
y/y 24.8%
41.4
y/y -96.6%
68.3-44.92763.0
y/y -35.4%
60.1
y/y -95.6%
265.2%1352.7Link
2023-12-31Q4 2023 (3M)OK373.4
y/y —
62.8
y/y —
24.6
y/y —
87.4
y/y —
31.9
y/y —
19.9-42.32709.3
y/y —
64.8
y/y —
95.2%1294.8Link
2023-09-30FY 2023 (12M)OK—
y/y —
—
y/y —
—
y/y —
—
y/y —
—
y/y —
——2889.9
y/y —
203.2
y/y —
581.1%1317.2Link
2023-06-30Q2 2023 (3M)OK376.2
y/y —
86.5
y/y —
0.0
y/y —
86.5
y/y —
61.6
y/y —
-158.5-46.52985.5
y/y —
285.4
y/y —
9.9%889.5Link
2023-03-31Q1 2023 (3M)OK344.5
y/y —
61.2
y/y —
0.0
y/y —
61.2
y/y —
1227.3
y/y —
118.8-39.54280.4
y/y —
1372.4
y/y —
—-495.3Link

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)31
Long-term debt (incl. LT leases)1 571
− Cash & equivalents84
Net debt1 518

Net debt / LTM EBITDA: 4.2x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02004006002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-100%-50%0%50%100%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

-600-400-20002002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

05001 0001 5002 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is broadly cash-backed
In a typical year of 2021–2025 operating cash flow came to 0.96x of reported net profit; after capex, 0.19x.
year20212022202320242025
cash flow / profit0.96x0.67x-0.03x1.25x1.41x
accruals, % of assets0.5%4.1%50.5%-2.2%-3.2%
Last twelve months (to 2026-06-30): 4.00x of profit came back as operating cash flow.
net debt / EBITDA 3.2x · capex 2.2x of depreciation · dividends 75% of free cash flow · share count -8.5% a year
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Key-commodity price — WTI (input cost)

Current 82spot vs LTM +0%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -56.3% ▲ +3.2 pp 1d

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
WTI (input cost) (cost)-40%81.4171.9676.27+13%+6%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue1 949
LTM EBITDA399
LTM cash costs (revenue − EBITDA)1 550
2 · Revenue projection
Revenue multiplier — spot×1.000 (+0%)
= Spot revenue1 949
Revenue multiplier — 3y price×1.000 (+0%)
= 3-year-price revenue1 949
3 · Costs projection
Cost multiplier — spot×1.077 (+8%)
= Spot cash costs1 669
Cost multiplier — 3y price×1.048 (+5%)
= 3-year-price cash costs1 624
4 · EBITDA projection (revenue − costs)
= Spot EBITDA281
= 3-year-price EBITDA325
Conservative EBITDA = min(spot, avg)281
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)12.0x
Target EV = EV/EBITDA × conservative EBITDA3 367
Net debt1 518
Target market cap = EV − net debt1 849
Current market cap4 233

Upside = target market cap ÷ current − 1 = -56.3%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q1373351+6.5%8775+15.8%
2024 Q2389361+7.7%7681-5.6%
2024 Q3421372+13.3%9379+17.6%
2024 Q4395383+3.0%16092+74.3%
2024 Q1414395+5.0%144111+29.4%
2025 Q2403405-0.4%95120-20.9%
2025 Q3439408+7.5%125134-7.1%
2025 Q4406413-1.6%267135+97.3%
2025 Q1462416+11.1%22167-87.0%
2026 Q2504428+17.8%90109-17.6%
2026 Q3545453+20.3%16265+148.0%

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth +6% vs +12% the year before — a -6.5 pp move. 3-year CAGR +11%.
revenue growth by year: 2023 +17% · 2024 +12% · 2025 +6%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 12.8x · target 75th pct (3y) 36.7x · LTM avg 23.4x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2022-12-010.125 USDEx-dividend: 0.125 USD per sharePaidYahoo Finance (ex-div)
2022-08-300.125 USDEx-dividend: 0.125 USD per sharePaidYahoo Finance (ex-div)
2022-05-270.125 USDEx-dividend: 0.125 USD per sharePaidYahoo Finance (ex-div)
2022-02-250.125 USDEx-dividend: 0.125 USD per sharePaidYahoo Finance (ex-div)
2021-11-260.125 USDEx-dividend: 0.125 USD per sharePaidYahoo Finance (ex-div)
2021-08-270.125 USDEx-dividend: 0.125 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Valvoline (VVV) — from primary filings.

Valvoline Inc. operates automotive preventive maintenance service centers, offering oil changes and other routine vehicle services in the United States and Canada.

Frequently asked questions

What is Valvoline (VVV)'s P/E ratio?
Valvoline (VVV) trades at a P/E of 42.0x (price to trailing 12-month earnings).
What is Valvoline (VVV)'s EV/EBITDA?
Valvoline (VVV) trades at 13.8x EV/EBITDA.
What is Valvoline (VVV)'s P/B ratio?
Valvoline (VVV) trades at a P/B of 12.6x.
What is Valvoline (VVV)'s return on equity (ROE)?
Valvoline (VVV)'s ROE is 22.3%.
What is Valvoline (VVV)'s market capitalization?
Valvoline (VVV)'s market cap is 4.3 bn USD.

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