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Dow Chemical Company (DOW)

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Last Post: 6/17/2017 10:18:24 AM - Followers: 18 - Board type: Free - Posts Today: 0

2030 Dow Center
Midland, MI 48674
Phone: 989-636-1000
Fax: 989-636-4033

Sector: Basic Materials
Industry: Chemicals - Major Diversified
Full Time Employees: 45,856

Houston plant

The Dow Chemical Company engages in the manufacture and sale of chemicals, plastic materials, agricultural, and other specialized products and services worldwide. The company operates in six segments: Performance Plastics, Performance Chemicals, Agricultural Sciences, Basic Plastics, Basic Chemicals, and Hydrocarbons and Energy. The Performance Plastics segment provides automotive products, building solutions, epoxy resins, intermediates and specialty resins, polyurethanes and polyurethane systems, specialty plastics and elastomers, and technology licensing and catalyst products. The Performance Chemicals segment offers polymers, latex, and specialty chemicals. The Agricultural Sciences segment provides pest management, agricultural, and crop biotechnology products and solutions. The Basic Plastics segment offers polyethylene, polypropylene, and polystyrene resins. The Basic Chemicals segment provides chemicals, such as acids, alcohols, caustic soda, chlorine, chloroform, and other chemicals; and ethylene oxide/ethylene glycol chemicals. The Hydrocarbons and Energy segment procures fuels, natural gas liquids, and crude oil-based raw materials, as well as supplies monomers, power, and steam. Its products include benzene; butadiene; butylene; cumene; ethylene; propylene; styrene; power, steam, and other utilities. The company also involves in the property and casualty insurance and reinsurance business through its Liana Limited subsidiaries. It serves various industries, including appliance; automotive; agricultural; building and construction; chemical processing; electronics; furniture; house wares; oil and gas; packaging; paints, coatings, and adhesives; personal care; pharmaceutical; processed foods; pulp and paper; textile and carpet; utilities; and water treatment industries. The Dow Chemical Company was founded in 1897 and is based in Midland, Michigan.

Shares Outstanding5: 949.15M
Float: 947.99M
% Held by Insiders1: 0.18%
% Held by Institutions1: 71.10%

Vancouver 2010 Winter Olympic Games

Dow Chemical Prices Increase
Thursday March 20, 12:58 pm ET
By Paul Raman, CFA
Dow Chemical Company (NYSE: DOW - News) is the second leading chemical company in the world. The company's costs are low due to vertical integration. Financials are solid. Stronger demand in Europe, Asia/Pacific, Latin America, India, Middle East and Africa more than offset the continued economic slowdown in North America.

Moreover, price gains largely offset significant increases in feedstock and energy costs. Sales for the three months ended December 31 were $14.2 billion, 16% higher than the same period in 2006, with 17%, 15% and 14% increases in Europe, Asia/Pacific and Latin America, respectively.

Dow reported earnings of $0.84 per share, a decrease from $0.98 last year due to rise in feedstock and energy costs as well as economic slowdown in North America. Year-over-year, volume improved 4% with particularly robust demand in Europe, Asia/Pacific, Latin America, India, Middle East and Africa.

Compared with the same quarter last year, Dow reported a 12% price increase in all geographic areas and across all operating segments, outpacing the highest ever year-over-year increase of $1.7 billion in feedstock and energy costs with focus on price/volume management as well as cost discipline.

Currently, Dow is valued at 10.7x our 2008 estimate of $3.39. The company's costs are low due to vertical integration. The company recently announced a JV with PIC (Kuwait) to get cash that can be redeployed into the specialty businesses.

Financials are solid. However, 67% exposure to the commodity chemical cycle, where we may be entering the negative phase, along with high raw material costs, force us to rate the stock a Hold with a target of $40. This is 11.8x our 2008 estimate.
Share price

King Capital Investment Group

Current Price
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DOW News: Dow and 1QBit Announce Collaboration Agreement on Quantum Computing 06/21/2017 09:00:00 AM
DOW News: Dow, CH2M and Smithsonian Commit to Prepare and Inspire STEM Educators 06/20/2017 08:00:00 AM
DOW News: Dow and DuPont Receive Antitrust Clearance from U.S. Department of Justice for Proposed Merger of Equals 06/15/2017 03:58:00 PM
DOW News: Dow Supports President's Actions to Develop the U.S. Workforce 06/15/2017 12:05:00 PM
DOW News: Dow Announces Launch of Enlist Corn in U.S. and Canada 06/14/2017 07:58:00 AM
#269   Yes thanks! Eagle1 06/17/17 10:18:24 AM
#268   Interesting read.. Danl 06/11/17 05:18:41 PM
#267   DOW: Third point saying spin 6 off to Eagle1 06/10/17 11:47:22 AM
#266   Australia joins Europe, Brazil, China in approving merger... Danl 06/08/17 12:02:42 PM
#265   Dow Chemical completes construction of Texas polyethylene plant Envestor First 06/07/17 06:27:31 PM
#264   Interesting Dow Info from Thirdpoint Eagle1 05/28/17 04:05:33 PM
#263   Yes agree Dani. Have a great weekend! Eagle1 05/27/17 10:07:53 AM
#262   Most of Dow's spinoffs have done well... Danl 05/26/17 10:41:39 PM
#261   DOW Nice and I hope we can select Eagle1 05/26/17 03:44:25 PM
#260   That's not how I understood it... Danl 05/26/17 02:43:45 PM
#259   Hi and thanks Dani So if I have Eagle1 05/26/17 01:33:01 PM
#258   Finally! A live body! LOL! Danl 05/26/17 01:28:10 PM
#257   DOW: Good morning Dani! Great info here and Eagle1 05/26/17 07:04:00 AM
#256   Gotta wonder if this is a first spin Danl 05/09/17 01:36:44 PM
#255   Technicals update......points to $90/share.. Danl 01/27/17 10:31:23 PM
#254   Dow Chemical Co $DOW valuation models show big ValueInvestor15 01/25/17 10:59:14 AM
#253   Heads up! Cramer talking $80... Danl 12/17/16 08:49:31 PM
#252   Heads up! Cramer talking $80... Danl 12/17/16 08:48:36 PM
#251   Heads up! Cramer talking $80... Danl 12/17/16 08:47:49 PM
#250   Tomorrow.. Expecting 2 PRs... Danl 12/08/16 02:14:21 PM
#249   DOW makes this Stock Screen : Top dividend ValueInvestor15 11/11/16 12:58:43 PM
#248   After > DWDP 02opida 11/09/16 12:10:18 PM
#247   DOW Dupont merger possible cheaper prices in chemicals direct 12/22/15 08:44:19 AM
#246   DowDupont “merger of equals” is official: DewDiligence 12/11/15 11:54:01 AM
#244   Benchmark propane prices are trading below $0.40/gal for Timothy Smith 06/04/15 08:58:12 AM
#243   Agree KingDMC. Eagle1 02/28/15 12:15:53 PM
#242   DOW report looks great even with the slight KingDMC 01/29/15 07:10:43 AM
#241   are they going to split up on this one? mick 12/14/14 06:11:33 PM
#240   doing good. just back from vegas run/\ mick 12/14/14 06:10:40 PM
#239   DOW Ibox needs updates... Any longs here? Eagle1 12/12/14 10:29:58 PM
#238   DOW, did! Eagle1 12/12/14 10:26:42 PM
#237   Agree OGSPECULATOR Eagle1 12/12/14 10:23:25 PM
#236   DOW Chemical. Hi Mick! Eagle1 12/12/14 10:00:51 PM
#235   a.h. cramer/ my say death cross said no mick 11/12/14 06:27:41 PM
#234   Yea I try and diversify heavily. Small position KingDMC 10/22/14 11:20:23 AM
#233   You are everywhere. Are u also in this one? Jakeyoo 10/22/14 11:10:47 AM
#232   Ouch.. KingDMC 10/22/14 07:02:47 AM
#231   Sell alert confirmed! OGSPECULATOR 10/13/14 10:48:37 PM
#230   Bloodbath today!!! OGSPECULATOR 06/20/14 05:51:22 PM
#229   RESISTANCE BROKEN!!!$$$ OGSPECULATOR 06/18/14 11:54:43 PM
#228   Phenomenal entity$$$ OGSPECULATOR 04/30/14 11:04:09 PM
#227   Buy the dip!!! OGSPECULATOR 04/12/14 10:23:00 PM
#226   EPIC RUNNER!!! DOW$$$ OGSPECULATOR 04/08/14 09:44:17 PM
#224   ?, I already sold my puts today. Tuff risk on 01/23/14 01:34:46 PM
#223   Risk On: A question if I don't mind. Sledge Hammer 01/23/14 12:33:37 PM
#222   Gap down, fill, and refade, direction change from risk on 01/23/14 10:40:10 AM
#221   HUGE DOJI! That occurred in no mans land risk on 01/21/14 09:38:20 PM
#220   Gap gonna fill, candle outside of the upper risk on 01/21/14 03:15:19 PM
#219   Whale buyer going big EOD!!! OGSPECULATOR 01/15/14 08:17:48 PM
#218   Huge move$$$ OGSPECULATOR 12/28/13 06:12:38 PM