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Dow Chemical Company (DOW)

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Last Post: 5/7/2022 12:48:13 PM - Followers: 28 - 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: Wells Fargo Keeps Their Buy Rating on Dow Inc (DOW) 05/09/2022 01:07:10 AM
DOW News: Statement of Changes in Beneficial Ownership (4) 05/06/2022 12:50:43 PM
DOW News: Dow advances to #15 on DiversityInc's 2022 Top 50 Companies for Diversity list 05/04/2022 05:00:00 AM
DOW News: Dow Inc (DOW) Gets a Buy Rating from Jefferies 04/25/2022 05:20:57 AM
DOW News: Dow Inc (DOW) Gets a Hold Rating from RBC Capital 04/22/2022 04:09:52 AM
#344   agree > good Div 02opida 05/07/22 12:48:13 PM
#343   A decent yield of over 4% which is OldAIMGuy 05/06/22 12:55:55 PM
#342   looking good DOW 02opida 05/06/22 09:33:12 AM
#341   Hi Broke, Re: DOW.............. OldAIMGuy 03/16/22 10:10:17 AM
#340   58.84 Brokemillwright 03/15/22 10:05:06 PM
#339   57 02opida 12/28/21 01:12:59 PM
#338   got more this week 02opida 09/22/21 03:18:14 PM
#337   Div is due at the end of Sept. OldAIMGuy 09/22/21 02:52:02 PM
#336   when is next div date 02opida 08/16/21 01:05:04 PM
#335   Agreed on the need for some consolidation. The conix 04/22/21 02:49:42 PM
#334   A lot of zigging and zagging ahead of OldAIMGuy 04/22/21 02:37:29 PM
#333   DOW chart conix 04/22/21 12:15:20 PM
#332   higher & higher DOW 02opida 02/23/21 08:00:28 AM
#331   New 52 Week High today. OldAIMGuy 02/22/21 03:29:44 PM
#330   59 02opida 01/12/21 01:52:23 PM
#329   One would think DOW's yield at over 5% OldAIMGuy 12/03/20 10:34:05 AM
#328   VIX is out of control Cat dog 10/28/20 07:41:31 AM
#327   Hopefully Big Tech hold up with the Feds Cat dog 10/28/20 07:35:34 AM
#326   6 percent work force reduction cornbread 08/03/20 02:05:33 PM
#325   Loaded today! No brainer here at all ! Eagle1 03/17/20 05:19:08 PM
#324   After last week, DOW is starting to look StockBull 03/15/20 03:02:03 PM
#323   Canadian Court Orders Nova Chemicals to Pay Dow 02opida 09/23/19 11:31:18 AM
#321   Opinion: Five dividend stocks to buy because insiders stockguard 08/27/19 04:09:46 PM
#320   Dow Stock Is Cheap for Too Many Reasons stockguard 08/22/19 03:15:26 PM
#319   Great dividend yield as well. Barrydeep 06/06/19 02:44:10 PM
#318   Dude, it's not a trap. It's the stock market. Tower of Hanoi 05/15/19 08:27:55 AM
#317   Is this a trap. Do we fall further Cat dog 05/08/19 11:12:10 AM
#316   Got some, 75@$55. Tower of Hanoi 04/02/19 03:04:36 PM
#315   What did the DOW shares price at? Tower of Hanoi 04/01/19 07:37:18 AM
#314   THERE! We are home again! Danl 03/29/19 04:02:12 PM
#313   Yo! Much of the spin offs, I think, will Danl 03/14/19 12:35:56 AM
#312   Hello Dani sorry for the delay! What Eagle1 03/11/19 10:33:11 AM
#311   How ya doing Eagle? Still flyin? Danl 08/04/18 11:49:47 PM
#310   How ya doing Eagle? Still flyin? Danl 08/04/18 11:49:47 PM
#309   Agree with this writer... Danl 12/05/17 10:54:10 AM
#308   Interesting buy... Danl 11/02/17 11:34:45 PM
#307   Psst... No Dow now, for almost 2 months.. Danl 10/28/17 11:04:46 PM
#306   DWDP has a bio-tech deal for gene editing.. Danl 10/27/17 10:34:38 PM
#305   Interesting..Glover Parks Group to take Specialty Materials sector.. Danl 10/26/17 08:52:09 PM
#304   Today’s report, is just the beginning... Danl 10/26/17 01:32:33 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
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