DOW INC (DOW) Fundamental Analysis & Valuation

NYSE:DOW • US2605571031

Current stock price

39.01 USD
+0.97 (+2.55%)
At close:
39.67 USD
+0.66 (+1.69%)
Pre-Market:

This DOW fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. DOW Profitability Analysis

1.1 Basic Checks

  • DOW had negative earnings in the past year.
  • DOW had a positive operating cash flow in the past year.
  • DOW had positive earnings in 4 of the past 5 years.
  • DOW had a positive operating cash flow in each of the past 5 years.
DOW Yearly Net Income VS EBIT VS OCF VS FCFDOW Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B

1.2 Ratios

  • DOW has a Return On Assets of -4.50%. This is in the lower half of the industry: DOW underperforms 68.29% of its industry peers.
  • With a Return On Equity value of -16.45%, DOW is not doing good in the industry: 69.51% of the companies in the same industry are doing better.
  • DOW's Return On Invested Capital of 0.37% is on the low side compared to the rest of the industry. DOW is outperformed by 75.61% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for DOW is below the industry average of 6.49%.
Industry RankSector Rank
ROA -4.5%
ROE -16.45%
ROIC 0.37%
ROA(3y)-0.53%
ROA(5y)3.18%
ROE(3y)-2.33%
ROE(5y)9.92%
ROIC(3y)2.3%
ROIC(5y)5.48%
DOW Yearly ROA, ROE, ROICDOW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30

1.3 Margins

  • The Operating Margin of DOW (0.61%) is worse than 74.39% of its industry peers.
  • DOW's Operating Margin has declined in the last couple of years.
  • DOW has a worse Gross Margin (6.47%) than 90.24% of its industry peers.
  • In the last couple of years the Gross Margin of DOW has declined.
Industry RankSector Rank
OM 0.61%
PM (TTM) N/A
GM 6.47%
OM growth 3Y-60.65%
OM growth 5Y-38.02%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-24.53%
GM growth 5Y-13.71%
DOW Yearly Profit, Operating, Gross MarginsDOW Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15 20

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2

2. DOW Health Analysis

2.1 Basic Checks

  • DOW has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for DOW has been increased compared to 1 year ago.
  • The number of shares outstanding for DOW has been reduced compared to 5 years ago.
  • DOW has a worse debt/assets ratio than last year.
DOW Yearly Shares OutstandingDOW Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
DOW Yearly Total Debt VS Total AssetsDOW Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • Based on the Altman-Z score of 1.68, we must say that DOW is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.68, DOW is in line with its industry, outperforming 42.68% of the companies in the same industry.
  • A Debt/Equity ratio of 1.12 is on the high side and indicates that DOW has dependencies on debt financing.
  • DOW's Debt to Equity ratio of 1.12 is on the low side compared to the rest of the industry. DOW is outperformed by 68.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.12
Debt/FCF N/A
Altman-Z 1.68
ROIC/WACC0.03
WACC11.43%
DOW Yearly LT Debt VS Equity VS FCFDOW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B

2.3 Liquidity

  • A Current Ratio of 1.97 indicates that DOW should not have too much problems paying its short term obligations.
  • DOW has a Current ratio (1.97) which is in line with its industry peers.
  • A Quick Ratio of 1.25 indicates that DOW should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.25, DOW is in line with its industry, outperforming 51.22% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.97
Quick Ratio 1.25
DOW Yearly Current Assets VS Current LiabilitesDOW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. DOW Growth Analysis

3.1 Past

  • The earnings per share for DOW have decreased strongly by -154.39% in the last year.
  • Looking at the last year, DOW shows a decrease in Revenue. The Revenue has decreased by -6.97% in the last year.
  • DOW shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.73% yearly.
EPS 1Y (TTM)-154.39%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-2605.91%
Revenue 1Y (TTM)-6.97%
Revenue growth 3Y-11.11%
Revenue growth 5Y0.73%
Sales Q2Q%-9.08%

3.2 Future

  • DOW is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 46.21% yearly.
  • The Revenue is expected to grow by 2.29% on average over the next years.
EPS Next Y139.64%
EPS Next 2Y80.06%
EPS Next 3Y51.51%
EPS Next 5Y46.21%
Revenue Next Year2.23%
Revenue Next 2Y2.55%
Revenue Next 3Y2.28%
Revenue Next 5Y2.29%

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
DOW Yearly Revenue VS EstimatesDOW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B 40B 50B
DOW Yearly EPS VS EstimatesDOW Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 2 4 6 8

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2

4. DOW Valuation Analysis

4.1 Price/Earnings Ratio

  • DOW reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • The Price/Forward Earnings ratio is 105.82, which means the current valuation is very expensive for DOW.
  • 68.29% of the companies in the same industry are cheaper than DOW, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of DOW to the average of the S&P500 Index (37.39), we can say DOW is valued expensively.
Industry RankSector Rank
PE N/A
Fwd PE 105.82
DOW Price Earnings VS Forward Price EarningsDOW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 100

4.2 Price Multiples

  • DOW's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.75
DOW Per share dataDOW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

  • DOW's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as DOW's earnings are expected to grow with 51.51% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y80.06%
EPS Next 3Y51.51%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. DOW Dividend Analysis

5.1 Amount

  • DOW has a Yearly Dividend Yield of 3.68%.
  • DOW's Dividend Yield is rather good when compared to the industry average which is at 2.04. DOW pays more dividend than 86.59% of the companies in the same industry.
  • DOW's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.68%

5.2 History

  • DOW has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
DOW Yearly Dividends per shareDOW Yearly Dividends per shareYearly Dividends per share 2016 2017 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • DOW has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-56.57%
EPS Next 2Y80.06%
EPS Next 3Y51.51%
DOW Yearly Income VS Free CF VS DividendDOW Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B

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DOW Fundamentals: All Metrics, Ratios and Statistics

DOW INC

NYSE:DOW (4/10/2026, 10:16:13 PM)

Premarket: 39.67 +0.66 (+1.69%)

39.01

+0.97 (+2.55%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners70.23%
Inst Owner Change-6.52%
Ins Owners0.14%
Ins Owner Change11.61%
Market Cap28.07B
Revenue(TTM)39.97B
Net Income(TTM)-2.63B
Analysts70
Price Target37.45 (-4%)
Short Float %3.32%
Short Ratio1.63
Dividend
Industry RankSector Rank
Dividend Yield 3.68%
Yearly Dividend2.1
Dividend Growth(5Y)N/A
DP-56.57%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-27
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)31.59%
Min EPS beat(2)27.48%
Max EPS beat(2)35.71%
EPS beat(4)3
Avg EPS beat(4)56.68%
Min EPS beat(4)-138.3%
Max EPS beat(4)301.86%
EPS beat(8)5
Avg EPS beat(8)18.16%
EPS beat(12)9
Avg EPS beat(12)18.45%
EPS beat(16)12
Avg EPS beat(16)13.88%
Revenue beat(2)0
Avg Revenue beat(2)-2.23%
Min Revenue beat(2)-3.44%
Max Revenue beat(2)-1.01%
Revenue beat(4)1
Avg Revenue beat(4)-1.46%
Min Revenue beat(4)-3.44%
Max Revenue beat(4)0.85%
Revenue beat(8)2
Avg Revenue beat(8)-1.16%
Revenue beat(12)6
Avg Revenue beat(12)-0.14%
Revenue beat(16)8
Avg Revenue beat(16)0.41%
PT rev (1m)27.86%
PT rev (3m)35.57%
EPS NQ rev (1m)5.99%
EPS NQ rev (3m)-55.43%
EPS NY rev (1m)225.46%
EPS NY rev (3m)277.24%
Revenue NQ rev (1m)1.25%
Revenue NQ rev (3m)-7.22%
Revenue NY rev (1m)3.61%
Revenue NY rev (3m)-0.04%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 105.82
P/S 0.7
P/FCF N/A
P/OCF 27.2
P/B 1.75
P/tB 4.29
EV/EBITDA 13.75
EPS(TTM)-0.93
EYN/A
EPS(NY)0.37
Fwd EY0.95%
FCF(TTM)-2.07
FCFYN/A
OCF(TTM)1.43
OCFY3.68%
SpS55.54
BVpS22.25
TBVpS9.09
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -4.5%
ROE -16.45%
ROCE 0.49%
ROIC 0.37%
ROICexc 0.4%
ROICexgc 0.51%
OM 0.61%
PM (TTM) N/A
GM 6.47%
FCFM N/A
ROA(3y)-0.53%
ROA(5y)3.18%
ROE(3y)-2.33%
ROE(5y)9.92%
ROIC(3y)2.3%
ROIC(5y)5.48%
ROICexc(3y)2.44%
ROICexc(5y)5.86%
ROICexgc(3y)3.18%
ROICexgc(5y)7.73%
ROCE(3y)3.08%
ROCE(5y)7.33%
ROICexgc growth 3Y-65.51%
ROICexgc growth 5Y-38.65%
ROICexc growth 3Y-64.99%
ROICexc growth 5Y-37.63%
OM growth 3Y-60.65%
OM growth 5Y-38.02%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-24.53%
GM growth 5Y-13.71%
F-Score3
Asset Turnover0.68
Health
Industry RankSector Rank
Debt/Equity 1.12
Debt/FCF N/A
Debt/EBITDA 5.83
Cap/Depr 88.89%
Cap/Sales 6.3%
Interest Coverage 0.26
Cash Conversion 33.53%
Profit Quality N/A
Current Ratio 1.97
Quick Ratio 1.25
Altman-Z 1.68
F-Score3
WACC11.43%
ROIC/WACC0.03
Cap/Depr(3y)93.66%
Cap/Depr(5y)84.91%
Cap/Sales(3y)6.15%
Cap/Sales(5y)5.13%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-154.39%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-2605.91%
EPS Next Y139.64%
EPS Next 2Y80.06%
EPS Next 3Y51.51%
EPS Next 5Y46.21%
Revenue 1Y (TTM)-6.97%
Revenue growth 3Y-11.11%
Revenue growth 5Y0.73%
Sales Q2Q%-9.08%
Revenue Next Year2.23%
Revenue Next 2Y2.55%
Revenue Next 3Y2.28%
Revenue Next 5Y2.29%
EBIT growth 1Y-87.19%
EBIT growth 3Y-65.02%
EBIT growth 5Y-37.57%
EBIT Next Year1078.17%
EBIT Next 3Y145.86%
EBIT Next 5Y82.97%
FCF growth 1Y-5619.23%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-64.58%
OCF growth 3Y-48.32%
OCF growth 5Y-30.19%

DOW INC / DOW Fundamental Analysis FAQ

What is the ChartMill fundamental rating of DOW INC (DOW) stock?

ChartMill assigns a fundamental rating of 2 / 10 to DOW.


What is the valuation status for DOW stock?

ChartMill assigns a valuation rating of 2 / 10 to DOW INC (DOW). This can be considered as Overvalued.


Can you provide the profitability details for DOW INC?

DOW INC (DOW) has a profitability rating of 2 / 10.


Can you provide the financial health for DOW stock?

The financial health rating of DOW INC (DOW) is 2 / 10.


What is the earnings growth outlook for DOW INC?

The Earnings per Share (EPS) of DOW INC (DOW) is expected to grow by 139.64% in the next year.