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Earnings transcript
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DOW
Dow Inc.
$33.11
-1.1
(-3.2%)
| Exchange: | NYSE |
| Market Cap: | 23.86B |
| Shares Outstanding: | 0 |
Delayed data
About The Company
| Sector: | Basic Materials | |||||
| Industry: | Chemicals | |||||
| CEO: | James R. Fitterling | |||||
| Full Time Employees: | 36000 | |||||
| Address: |
| |||||
| Website: | https://www.dow.com |
Dow Inc. is a global leader in materials science, delivering diverse solutions for key industries such as packaging, infrastructure development, mobility, and consumer products. The company’s reach extends across numerous regions, including the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. Its operations are structured into three main divisions: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. The Packaging & Specialty Plastics segment is responsible for producing foundational chemicals like ethylene, propylene, and aromatics, along with a range of polymers including polyethylene, polyolefin elastomers, ethylene vinyl acetate, and ethylene propylene diene monomer rubbers. The Industrial Intermediates & Infrastructure segment offers a broad spectrum of products, from ethylene and propylene oxides, propylene glycol, and polyether polyols to aromatic isocyanates and comprehensive polyurethane systems. This division also provides coatings, adhesives, sealants, elastomers, and composite materials, alongside essential chemicals such as caustic soda, ethylene dichloride, and vinyl chloride monomers. Additionally, it supplies specialized products like cellulose ethers, redispersible latex powders, and acrylic emulsions. The Performance Materials & Coatings division focuses on architectural and industrial paint and coating solutions, catering to diverse applications including maintenance, protective finishes, wood, metal packaging, traffic markings, thermal paper, and leather goods. This segment also develops high-performance silicones, specialty materials, and the necessary feedstocks and intermediates for silicone production. In addition to its core materials science endeavors, Dow Inc. also engages in the property and casualty insurance, and reinsurance businesses. The company was founded in 2018 and is headquartered in Midland, Michigan.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 44,622,000 | 42,964,000 | 39,968,000 |
| Gross Profit | 4,972,000 | 4,455,000 | 2,395,000 |
| EBITDA | 4,003,000 | 5,252,000 | 1,188,000 |
| Operating Income | 2,516,000 | 2,064,000 | 260,000 |
| Net Income | 589,000 | 1,116,000 | -2,623,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 57,967,000 | 57,312,000 | 58,538,000 |
| Total Liabilities | 38,859,000 | 39,461,000 | 41,016,000 |
| Total Stockholders Equity | 18,607,000 | 17,355,000 | 16,008,000 |
| Total Debt | 16,447,000 | 17,645,000 | 20,695,000 |
| Cash and Cash Equivalents | 2,987,000 | 2,189,000 | 3,816,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 5,196,000 | 2,914,000 | 1,032,000 |
| Capital Expenditure | -2,477,000 | -3,065,000 | -2,479,000 |
| Free Cash Flow | 2,719,000 | -151,000 | -1,447,000 |
| Net Income | 660,000 | 1,201,000 | -2,623,000 |
| Net Change in Cash | -892,000 | -785,000 | 1,689,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 45,432,158.890 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 46,339,781.431 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 45,885,970.161 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 5,642,904.925 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 5,755,636.255 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 5,699,270.590 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,497,939.350 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 1,788,435.818 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,643,187.584 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 1,519,713.571 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,550,073.702 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,534,893.637 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 2.290 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 2.510 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 2.110 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 10 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 3 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Performance: Dow Inc. demonstrates consistent revenue generation as reflected in the Income Statements data, with strong gross profit margins (grossProfitMarginTTM) indicating effective cost management and operational efficiency within the chemical industry.
- Strong Cash Flow Metrics: The Cash Flow Statements highlight a healthy net cash provided by operating activities and positive free cash flow (freeCashFlowYieldTTM), showcasing Dow's ability to generate liquidity for reinvestment or debt management.
- Market Position and Scale: As per the Company Profile, Dow's significant market capitalization (mktCap) and large employee base (fullTimeEmployees) underline its established presence and competitive edge in the Materials sector, supported by a diversified product portfolio across various regions (Revenue Geo Segments).
- Dividend Appeal: A notable dividend yield (dividendYieldTTM) and consistent dividend payments (lastDiv) make Dow an attractive option for income-focused investors, enhancing stock stability amidst market fluctuations.
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Intrinsic Value Calculator
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about DOW valuation
Is Dow Inc. (DOW) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Dow Inc. (DOW) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is DOW a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether DOW trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is DOW’s P/E ratio?
You can see DOW’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for DOW?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is DOW a good long-term investment?
Whether DOW fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
DOW
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Daily snapshot
-3.2
Trading Metrics:
| Open: | 34.03 | Previous Close: | 34.2 | |
| Day Low: | 32.77 | Day High: | 34.09 | |
| Year Low: | 20.4 | Year High: | 42.74 | |
| Price Avg 50: | 38.1 | Price Avg 200: | 29.29 | |
| Volume: | 3.511M | Average Volume: | 14.161M |
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Login — it's freeDOW full analysis
Welcome to MARKETSNAP’s SWOT analysis for Dow Inc., a powerhouse in the materials science space that most of you are likely familiar with. Today, we’re diving deep into what makes Dow tick, breaking down their strengths, weaknesses, opportunities, and threats, all while keeping an eye on what this means for you as a long-term investor. Let’s unpack the latest developments, financials, and trends to see if Dow is a solid pick for your portfolio. Grab a coffee, and let’s get…
