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DOW US​
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Dow Inc.(DOW US)

$33.04-0.110.33%Ext:$31.19-1.855.59%(Market Closed · 01:00:04 UTC)
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ProfileEntity Structure

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  • Home
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  • Get the full experience

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DOW US​
HomeStock ScreenerDocument SearchChartingWatchlistsRecent Filings

Dow Inc.(DOW US)

$33.04-0.110.33%Ext:$31.19-1.855.59%(Market Closed · 01:00:04 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

Dow Inc. — Company Profile

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.

Sector
Materials
Industry
Chemicals
Exchange
UN
CEO
Karen S. Carter
Headquarters
Midland, MI, US
IPO Date
Mar 20, 2019
Employees
32,800
Website
www.dow.com

Key Metrics

Price
$27.97
Market Cap
$20.20B
Revenue (TTM)
$9.79B
Net Income (TTM)
$-445000000.00
EPS (TTM)
-0.74
P/E (TTM)
-7.32
P/B (TTM)
1.32
Dividend Yield
4.15%
ROE (TTM)
-2.92%
ROA (TTM)
-0.74%
Operating Margin
-0.32%
Beta
0.36

Dividends

Last Dividend
$0.35
Last Yield
0.04%

Summary

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.

Website
www.dow.com
Location
Midland, MI, US
Phone989 636 1000
Employees32,800
CEOKaren S. Carter
Sector
Materials
Industry
Chemicals
IPO DateMar 20, 2019

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(663)

Expand
  • Form 144Lange Philo Brendy2 Nov
  • Form 4Tate Jeffrey L.28 Oct
  • Form 3ZIMMER CHARLES ROSS JR23 Oct
  • 10-QQ3ended 30 Sept 202623 Oct
  • 8-KResults of Operations and Financial Condition22 Oct
  • Form 144ten Bruggencate Marco10 Sep
  • Form 3de Mattos Cunha Neto Nestor14 Aug
  • SC 13GDOW INC.7 Aug
  • 10-QQ2ended 30 Jun 202624 Jul
  • 8-KResults of Operations and Financial Condition23 Jul
  • 8-KOther Events10 Jul
  • 424B5Prospectus filing (Rule 424(b)(5))10 Jul
  • Form 4Carter Karen S6 Jul
  • 8-K/ADeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers6 Jul
  • 11-KAnnual report (employee stock purchase/savings/profit sharing plans)16 Jun
  • SDSD20 May
  • Form 4/AFitterling James R1 May
  • SC 13GDOW INC.29 Apr
  • S-8Registration statement (employee benefit plan)24 Apr
  • 10-QQ1ended 31 Mar 202624 Apr

News

  • 3 Unstoppable Dow Stocks to Buy in November and Hold for the Next Decade12 Nov
  • Dow Inc. (DOW) is a Top-Ranked Value Stock: Should You Buy?12 Nov
  • Dow Advances Texas Advanced Nuclear Project With NRC Approval12 Nov
  • 3 Diversified Chemical Stocks to Watch Amid Industry Headwinds11 Nov
  • 4 Dividend Stocks That Can Thrive Under a Democratic Congress11 Nov
  • Jensen Huang's Love Life Just Made Nvidia the Dow's Cheapest Stock10 Nov
  • Here's Why You Should Hold DOW Stock in Your Portfolio for Now10 Nov
  • S&P 500, Dow futures climb as oil slide lifts sentiment10 Nov
  • Dow, X-energy Proposed SMR Project Receives Historic Construction Permit for Nuclear-Powered Industrial Site9 Nov
  • Dow surges 1,000 points after last week's historic tech rout, while Jensen Huang's Nvidia slumps9 Nov
  • Dow Jumps Over 600 Points; Constellation Energy Posts Upbeat Earnings9 Nov
  • 2 Chemical Giants Cut Their Dividends. This Third Stock Kept Raising9 Nov
  • Great Jobless Claims & Productivity Keep Dow Alight5 Nov
  • The Median Home In America’s Best Place To Retire Is Worth About $206,000, Far Below The National Average. U.S. News Picked This Michigan City Over Florida Again5 Nov
  • 3 ETFs to Ride Dow's 1,500-Point Surge as Democrats Take Over Congress5 Nov
  • Jim Cramer Doesn't Like This Tech Stock: It Is ‘Losing A Lot Of Money'5 Nov
  • News Corp posts record profitability in Q1, driven by Dow Jones, real estate, book publishing units4 Nov
  • November Dogs Of The Dow: No Buys, Yet 5 Are Worth Watching4 Nov
  • Nike Climbs 7% as Dow Rally Lifts Consumer Stocks; Deckers Gains 7%, Lululemon Rises 6%4 Nov
  • Divided Government Sends the Dow Up 1000 Points4 Nov

Mentions in Filings

  • … kholder has complied with the requirements of Rule 14a-19 under the Exchange Act and this Section 2.14. (2) For purposes of this Section 2.14, “public announcement” shall mean disclosure in a press release reported by the <strong>Dow</strong> Jones News Service, Associated Press or comparable national news service or in a document publicly filed by the Corporation with the Securities and Exchange Commission pursuant to Section 13, 14 or 15(d) of the Exchange Act …
    Alaunos Therapeutics, Inc.Dow Inc.·PRE 14A - Preliminary proxy statement·Q4 26·13 Nov
  • DPA Grant: On December 16, 2022, the Company entered into an undefinitized TIA with the <strong>DOW</strong> - Air Force Research Laboratory for an award of up to $24.8 million under Title III of the DPA. On July 25, 2023, the TIA was definitized with the DOW, establishing the full not-to-exceed amount of $24.8 million and on May 2, 2024, the TIA was modified with an additional $34.4 million in funding, bringing the total amount of the TIA to $59.2 million. Duri …
    PERPETUA RESOURCES CORP.Dow Inc.·10-Q - Quarterly report Q3·Q3 26·13 Nov
  • … Notes may be negative in this case. **Calculation Agent** We or one of our affiliates will act as calculation agent with respect to the Notes. **Reference Sponsors** The reference sponsor of the SPX and the INDU is S&P <strong>Dow</strong> Jones Indices LLC. The reference sponsor of the RTY is FTSE Russell. The reference sponsor of the SX5E is STOXX Ltd. The reference sponsor of the NKY is Nikkei Inc. FWP-9 **INVESTOR SUITABILITY** **The Notes may be suita …
    HSBC USA INC /MD/Dow Inc.·FWP - FREE WRITING PROSPECTUS·Q4 26·13 Nov
  • … of applying the concentration limitation, each Fund may use the Standard Industrial Classification (SIC) Codes, North American Industry Classification System (NAICS) Codes, MSCI Global Industry Classification System, FTSE/<strong>Dow</strong> Jones Industry Classification Benchmark (ICB) system, or any other reasonable industry classification system (including systems developed by the Adviser) to identify each industry. A Fund’s method of applying the limitation …
    Tidal Trust IIDow Inc.·N-14 - Registration statement (investment companies)·Q4 26·13 Nov
  • … beneficial owner on whose behalf the proposal or nomination is made, and (3) any affiliate or associate of the foregoing persons; (vii) “***Public Announcement***” shall mean disclosure in a press release reported by the <strong>Dow</strong> Jones News Service, Associated Press or other national news service or in a document publicly filed by the Corporation with the Securities and Exchange Commission pursuant to Section 13, 14 or 15(d) of the Exchange Act or b …
    Fort Robotics, Inc.Dow Inc.·S-4 - Registration statement (business combination)·Q4 26·13 Nov
  • The notes are not sponsored, endorsed, sold or promoted by S&P, <strong>Dow</strong> Jones, Standard & Poor’s or any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P makes no representation or warranty, express or implied, to the holders of the notes or any member of the public regarding the advisability of investing in securities generally or in the notes particularly or the ability of the Index to track general market performance. S&P …
    HSBC USA INC /MD/Dow Inc.·FWP - FREE WRITING PROSPECTUS·Q4 26·13 Nov

Key Stats

Trading

Px/Chg 1D$27.97 / +1.38%
Avg Volume13.62M
Beta0.36
Mkt Cap20.20B
FD Mkt Cap22.01B

Float

Shrs Out/Float722.34M / 720.44M
Short Float0.05%
Days to Cover2.47
Stock Repurchased$0.00

Current Valuation

EV37.24B
EV/EBITDA44.33
EV/Sales0.95
P/B1.32
P/S0.51
FCF Yield3.07%
ROE-2.92%
ROA-0.74%
Current Ratio1.85

Dividend

Cash$0.35
Yield4.15%
Yield (TTM)4.15%

Estimates

P/E-7.32
Est P/E0.00
Est EPS-0.29
Est PEG0.00

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings6.248.2667.6218.77-17.93-45.53
Price / Sales1.410.670.890.492.932.07
Price / Book Value1.651.832.141.211.731.33
Price / Free Cash Flow-20.716.9914.65-138.71-19.1232.63
ENTERPRISE VALUE METRICS
Enterprise Value44,830.451,201.553,790.736,897.144,968.237,294.7
Enterprise Value / Sales2.310.901.210.864.753.81
Enterprise Value / EBITDA28.945.3913.447.03-72.41191.25
Enterprise Value / EBIT55.677.6038.6415.65-33.84250.30

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-7.7%54,968.056,902.044,622.042,964.039,968.0
Gross Income-30.7%10,388.07,857.04,972.04,455.02,395.0
EBITDA-43.5%11,676.09,499.04,003.05,252.01,188.0
EBIT—8,834.06,741.01,392.02,358.0-1,646.0
Net Income—6,311.04,582.0589.01,116.0-2,623.0
EPS (Diluted)—8.386.280.821.57-3.69
BALANCE SHEET
Cash & ST Inv6.3%2,988.03,886.02,987.02,572.03,816.0
Total Assets-1.8%62,990.060,603.057,967.057,312.058,538.0
Total Liabilities-1.9%44,251.039,356.038,859.039,461.041,016.0
Total Shareholder Equity-3.1%18,165.020,718.018,607.017,355.016,008.0
CASH FLOW
Net Operating Cash Flow-38.1%7,009.07,475.05,196.02,914.01,032.0
Cap Ex1.6%-2,324.0-2,058.0-2,477.0-3,065.0-2,479.0
Free Cash Flow—4,685.05,417.02,719.0-151.0-1,447.0

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)33.04
Basic Shares722.34
Market Cap23,866.1
Diluted Shares727.40
Fully Diluted Shares Outstanding727.40
Fully Diluted Market Cap24,033.3
+Consolidated Debt18,908.0
−In-the-Money Convertible Debt—
+Capital Leases1,369.0
+Operating Leases—
−Cash & Equivalents-4,142.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest1,479.0
+Pension Liabilities—
Enterprise Value40,111.1

Segment data

Revenue

by Products and services

  • Packaging & Specialty Plastics51%
  • Industrial Intermediates & Infrastructure28%
  • Performance Materials & Coatings21%

Revenue

by Geography

  • U.s.& Canada40%
  • Europe, Middle East, Africa And India [domain]31%
  • Asia Pacific18%
  • Latin America11%

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Dow Inc. — Company Profile

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.

Sector
Materials
Industry
Chemicals
Exchange
UN
CEO
Karen S. Carter
Headquarters
Midland, MI, US
IPO Date
Mar 20, 2019
Employees
32,800
Website
www.dow.com

Key Metrics

Price
$27.97
Market Cap
$20.20B
Revenue (TTM)
$9.79B
Net Income (TTM)
$-445000000.00
EPS (TTM)
-0.74
P/E (TTM)
-7.32
P/B (TTM)
1.32
Dividend Yield
4.15%
ROE (TTM)
-2.92%
ROA (TTM)
-0.74%
Operating Margin
-0.32%
Beta
0.36

Dividends

Last Dividend
$0.35
Last Yield
0.04%

Summary

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.

Website
www.dow.com
Location
Midland, MI, US
Phone989 636 1000
Employees32,800
CEOKaren S. Carter
Sector
Materials
Industry
Chemicals
IPO DateMar 20, 2019

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(663)

Expand
  • Form 144Lange Philo Brendy2 Nov
  • Form 4Tate Jeffrey L.28 Oct
  • Form 3ZIMMER CHARLES ROSS JR23 Oct
  • 10-QQ3ended 30 Sept 202623 Oct
  • 8-KResults of Operations and Financial Condition22 Oct
  • Form 144ten Bruggencate Marco10 Sep
  • Form 3de Mattos Cunha Neto Nestor14 Aug
  • SC 13GDOW INC.7 Aug
  • 10-QQ2ended 30 Jun 202624 Jul
  • 8-KResults of Operations and Financial Condition23 Jul
  • 8-KOther Events10 Jul
  • 424B5Prospectus filing (Rule 424(b)(5))10 Jul
  • Form 4Carter Karen S6 Jul
  • 8-K/ADeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers6 Jul
  • 11-KAnnual report (employee stock purchase/savings/profit sharing plans)16 Jun
  • SDSD20 May
  • Form 4/AFitterling James R1 May
  • SC 13GDOW INC.29 Apr
  • S-8Registration statement (employee benefit plan)24 Apr
  • 10-QQ1ended 31 Mar 202624 Apr

News

  • 3 Unstoppable Dow Stocks to Buy in November and Hold for the Next Decade12 Nov
  • Dow Inc. (DOW) is a Top-Ranked Value Stock: Should You Buy?12 Nov
  • Dow Advances Texas Advanced Nuclear Project With NRC Approval12 Nov
  • 3 Diversified Chemical Stocks to Watch Amid Industry Headwinds11 Nov
  • 4 Dividend Stocks That Can Thrive Under a Democratic Congress11 Nov
  • Jensen Huang's Love Life Just Made Nvidia the Dow's Cheapest Stock10 Nov
  • Here's Why You Should Hold DOW Stock in Your Portfolio for Now10 Nov
  • S&P 500, Dow futures climb as oil slide lifts sentiment10 Nov
  • Dow, X-energy Proposed SMR Project Receives Historic Construction Permit for Nuclear-Powered Industrial Site9 Nov
  • Dow surges 1,000 points after last week's historic tech rout, while Jensen Huang's Nvidia slumps9 Nov
  • Dow Jumps Over 600 Points; Constellation Energy Posts Upbeat Earnings9 Nov
  • 2 Chemical Giants Cut Their Dividends. This Third Stock Kept Raising9 Nov
  • Great Jobless Claims & Productivity Keep Dow Alight5 Nov
  • The Median Home In America’s Best Place To Retire Is Worth About $206,000, Far Below The National Average. U.S. News Picked This Michigan City Over Florida Again5 Nov
  • 3 ETFs to Ride Dow's 1,500-Point Surge as Democrats Take Over Congress5 Nov
  • Jim Cramer Doesn't Like This Tech Stock: It Is ‘Losing A Lot Of Money'5 Nov
  • News Corp posts record profitability in Q1, driven by Dow Jones, real estate, book publishing units4 Nov
  • November Dogs Of The Dow: No Buys, Yet 5 Are Worth Watching4 Nov
  • Nike Climbs 7% as Dow Rally Lifts Consumer Stocks; Deckers Gains 7%, Lululemon Rises 6%4 Nov
  • Divided Government Sends the Dow Up 1000 Points4 Nov

Mentions in Filings

  • … kholder has complied with the requirements of Rule 14a-19 under the Exchange Act and this Section 2.14. (2) For purposes of this Section 2.14, “public announcement” shall mean disclosure in a press release reported by the <strong>Dow</strong> Jones News Service, Associated Press or comparable national news service or in a document publicly filed by the Corporation with the Securities and Exchange Commission pursuant to Section 13, 14 or 15(d) of the Exchange Act …
    Alaunos Therapeutics, Inc.Dow Inc.·PRE 14A - Preliminary proxy statement·Q4 26·13 Nov
  • DPA Grant: On December 16, 2022, the Company entered into an undefinitized TIA with the <strong>DOW</strong> - Air Force Research Laboratory for an award of up to $24.8 million under Title III of the DPA. On July 25, 2023, the TIA was definitized with the DOW, establishing the full not-to-exceed amount of $24.8 million and on May 2, 2024, the TIA was modified with an additional $34.4 million in funding, bringing the total amount of the TIA to $59.2 million. Duri …
    PERPETUA RESOURCES CORP.Dow Inc.·10-Q - Quarterly report Q3·Q3 26·13 Nov
  • … Notes may be negative in this case. **Calculation Agent** We or one of our affiliates will act as calculation agent with respect to the Notes. **Reference Sponsors** The reference sponsor of the SPX and the INDU is S&P <strong>Dow</strong> Jones Indices LLC. The reference sponsor of the RTY is FTSE Russell. The reference sponsor of the SX5E is STOXX Ltd. The reference sponsor of the NKY is Nikkei Inc. FWP-9 **INVESTOR SUITABILITY** **The Notes may be suita …
    HSBC USA INC /MD/Dow Inc.·FWP - FREE WRITING PROSPECTUS·Q4 26·13 Nov
  • … of applying the concentration limitation, each Fund may use the Standard Industrial Classification (SIC) Codes, North American Industry Classification System (NAICS) Codes, MSCI Global Industry Classification System, FTSE/<strong>Dow</strong> Jones Industry Classification Benchmark (ICB) system, or any other reasonable industry classification system (including systems developed by the Adviser) to identify each industry. A Fund’s method of applying the limitation …
    Tidal Trust IIDow Inc.·N-14 - Registration statement (investment companies)·Q4 26·13 Nov
  • … beneficial owner on whose behalf the proposal or nomination is made, and (3) any affiliate or associate of the foregoing persons; (vii) “***Public Announcement***” shall mean disclosure in a press release reported by the <strong>Dow</strong> Jones News Service, Associated Press or other national news service or in a document publicly filed by the Corporation with the Securities and Exchange Commission pursuant to Section 13, 14 or 15(d) of the Exchange Act or b …
    Fort Robotics, Inc.Dow Inc.·S-4 - Registration statement (business combination)·Q4 26·13 Nov
  • The notes are not sponsored, endorsed, sold or promoted by S&P, <strong>Dow</strong> Jones, Standard & Poor’s or any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P makes no representation or warranty, express or implied, to the holders of the notes or any member of the public regarding the advisability of investing in securities generally or in the notes particularly or the ability of the Index to track general market performance. S&P …
    HSBC USA INC /MD/Dow Inc.·FWP - FREE WRITING PROSPECTUS·Q4 26·13 Nov

Key Stats

Trading

Px/Chg 1D$27.97 / +1.38%
Avg Volume13.62M
Beta0.36
Mkt Cap20.20B
FD Mkt Cap22.01B

Float

Shrs Out/Float722.34M / 720.44M
Short Float0.05%
Days to Cover2.47
Stock Repurchased$0.00

Current Valuation

EV37.24B
EV/EBITDA44.33
EV/Sales0.95
P/B1.32
P/S0.51
FCF Yield3.07%
ROE-2.92%
ROA-0.74%
Current Ratio1.85

Dividend

Cash$0.35
Yield4.15%
Yield (TTM)4.15%

Estimates

P/E-7.32
Est P/E0.00
Est EPS-0.29
Est PEG0.00

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings6.248.2667.6218.77-17.93-45.53
Price / Sales1.410.670.890.492.932.07
Price / Book Value1.651.832.141.211.731.33
Price / Free Cash Flow-20.716.9914.65-138.71-19.1232.63
ENTERPRISE VALUE METRICS
Enterprise Value44,830.451,201.553,790.736,897.144,968.237,294.7
Enterprise Value / Sales2.310.901.210.864.753.81
Enterprise Value / EBITDA28.945.3913.447.03-72.41191.25
Enterprise Value / EBIT55.677.6038.6415.65-33.84250.30

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-7.7%54,968.056,902.044,622.042,964.039,968.0
Gross Income-30.7%10,388.07,857.04,972.04,455.02,395.0
EBITDA-43.5%11,676.09,499.04,003.05,252.01,188.0
EBIT—8,834.06,741.01,392.02,358.0-1,646.0
Net Income—6,311.04,582.0589.01,116.0-2,623.0
EPS (Diluted)—8.386.280.821.57-3.69
BALANCE SHEET
Cash & ST Inv6.3%2,988.03,886.02,987.02,572.03,816.0
Total Assets-1.8%62,990.060,603.057,967.057,312.058,538.0
Total Liabilities-1.9%44,251.039,356.038,859.039,461.041,016.0
Total Shareholder Equity-3.1%18,165.020,718.018,607.017,355.016,008.0
CASH FLOW
Net Operating Cash Flow-38.1%7,009.07,475.05,196.02,914.01,032.0
Cap Ex1.6%-2,324.0-2,058.0-2,477.0-3,065.0-2,479.0
Free Cash Flow—4,685.05,417.02,719.0-151.0-1,447.0

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)33.04
Basic Shares722.34
Market Cap23,866.1
Diluted Shares727.40
Fully Diluted Shares Outstanding727.40
Fully Diluted Market Cap24,033.3
+Consolidated Debt18,908.0
−In-the-Money Convertible Debt—
+Capital Leases1,369.0
+Operating Leases—
−Cash & Equivalents-4,142.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest1,479.0
+Pension Liabilities—
Enterprise Value40,111.1

Segment data

Revenue

by Products and services

  • Packaging & Specialty Plastics51%
  • Industrial Intermediates & Infrastructure28%
  • Performance Materials & Coatings21%

Revenue

by Geography

  • U.s.& Canada40%
  • Europe, Middle East, Africa And India [domain]31%
  • Asia Pacific18%
  • Latin America11%

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