Interactive Brokers Advertisement
Home > Boards > US Listed > Chemicals >

Dow Chemical Company (DOW)

Add DOW Price Alert      Hide Sticky   Hide Intro
Search This Board: 
Last Post: 10/21/2017 11:11:47 AM - Followers: 18 - Board type: Free - Posts Today: 1

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

Interactive Brokers Advertisement
Current Price
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
DOW News: Dow Packaging and Specialty Plastics Collaborates with Industry Leaders to Make Trash Bags from Recycled Plastic Scrap 09/14/2017 09:00:00 AM
DOW News: Termination of Registration of a Class of Security Under Section 12(b) (15-12b) 09/11/2017 03:31:33 PM
DOW News: DowDuPont Named to Dow Jones Sustainability World Index 09/08/2017 09:04:00 AM
DOW News: Securities Registration: Employee Benefit Plan (s-8) 09/05/2017 05:27:33 PM
DOW News: Statement of Changes in Beneficial Ownership (4) 09/05/2017 05:19:19 PM
#303   Barron’s article today: Buy before the breakup.. Danl 10/21/17 11:11:47 AM
#302   Per Third Point today: Danl 10/20/17 12:48:34 PM
#301   DWDP swung a Korean sale... Danl 10/12/17 12:06:56 AM
#300   Interesting analysis... Danl 09/23/17 10:34:08 AM
#299   There is no Dow anymore... DWDP board is created Danl 09/18/17 03:38:53 PM
#298   What the future may hold... Danl 09/14/17 12:22:43 PM
#297   Dow DuPont DWDP made over 69 today!!! Eagle1 09/12/17 07:54:13 PM
#296   Glenview's perspective: Danl 09/12/17 01:46:43 PM
#295   Interesting last comment by BAC analyst: Danl 09/12/17 12:57:36 PM
#294   Bernstein jumps in..says $79. Danl 09/01/17 01:07:48 PM
#293   The Dow webpage on the Yahoo Finance Site herb will 08/29/17 04:47:07 PM
#292   Interesting situation developing...Dow & DD are in lockstep Danl 08/28/17 04:13:29 PM
#291   I'm not seeing a "Summary" anywhere... Per TheLion, Danl 08/28/17 04:09:36 PM
#290   The Yahoo board is found by clicking herb will 08/28/17 10:27:59 AM
#289   FINALLY!! Someone mentions the merger! Danl 08/27/17 05:02:33 PM
#288   Valuation will now get interesting.... Danl 08/06/17 04:24:24 PM
#287   Can someone please link me to that Yahoo Danl 08/04/17 09:10:46 PM
#286   I could see $90-$95+ next year... Danl 07/25/17 11:26:36 AM
#285   Nice article thank! Dow in uptrend:) Eagle1 07/19/17 06:02:13 PM
#284   Forbes article.. Dow Chemical could outrun the bulls.. Danl 07/19/17 10:45:26 AM
#283   Will be interesting to see the results of Eagle1 07/15/17 01:54:12 PM
#282   Dow: Impressive Dani! Thanks!! Dow Re: Eagle1 Post# 280 Here Eagle1 07/13/17 08:53:56 PM
#281   Here you go Eagle.. About Breens plan.. Danl 07/13/17 08:55:44 AM
#280   Dani that link doesn't work. Can you copy Eagle1 07/13/17 08:02:23 AM
#279   Awesome DOW at new highs! Going higher! About Eagle1 07/13/17 07:44:28 AM
#278   About time for some new analyst figures... Danl 07/12/17 03:00:10 PM
#277   Continued & expanded success... Danl 07/10/17 12:07:53 PM
#276   Everyone is waiting for divergence... Danl 07/07/17 03:20:20 PM
#275   Add another $500M... Danl 07/07/17 10:14:05 AM
#274   Dow is building again! $$$$! Danl 07/06/17 10:32:59 AM
#273   Of interest..Sadara, Saudies, and Chemicals growing faster than oil.. Danl 07/02/17 08:12:51 PM
#272   Named Manufacturer of the Year.... Danl 07/01/17 11:38:39 AM
#271   Wonder what shareholder values could be? Danl 06/29/17 05:11:01 PM
#270   Coming soon... Danl 06/29/17 11:26:53 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