선택적 제품 분석
허용하는 경우 개인정보 보호를 고려한 제한적 분석을 사용해 어떤 리서치 여정이 효과적인지 파악합니다. 광고 추적기나 세션 녹화는 사용하지 않습니다. 환경설정에서 이 선택을 변경할 수 있습니다. 자세한 내용은 개인정보 처리방침.
Dow Inc.'s published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $20.5B | |
|---|---|---|
| P/E (forward) | 14.1x |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $54.97B | $56.90B | $44.62B | $42.96B | $39.97B | -7.7% |
| Gross profit | $10.39B | $7.86B | $4.97B | $4.46B | $2.40B | -30.7% |
| Operating income | $8.83B | $6.74B | $1.39B | $2.36B | $-1.65B | — |
| Net income | $6.31B | $4.58B | $589.0M | $1.12B | $-2.62B | — |
| EPS (diluted) | $8.38 | $6.28 | $0.82 | $1.57 | $-3.70 | — |
| EBITDA | $11.68B | $9.50B | $4.00B | $5.25B | $1.19B | -43.5% |
| R&D | $857.0M | $851.0M | $829.0M | $810.0M | $751.0M | -3.2% |
| SG&A | $1.65B | $1.68B | $1.63B | $1.58B | $1.39B | -4.1% |
Recent company headlines from major financial publishers.
The base case models an orderly cyclical recovery across global basic materials and packaging markets. Under this path, Packaging and Specialty Plastics volumes rebound steadily while low-cost Gulf Coast ethane integration preserves cash margins over international naphtha-based producers. Consolidated operating margins expand from trough levels toward historical mid-cycle averages over the forecast horizon, while capital expenditure discipline restores positive annual free cash flow conversion. The share price on $28.42 (as of 2026-10-09) trades at $28.42, against our base scenario target of $28.37, delivering an implied return of -0.2% with a scenario likelihood of 50.0%. This trajectory aligns directly with our house Fair value of $28.37 and underwrites our house rating of Hold.
The bull case captures an accelerated global petrochemical upswing driven by aggressive competitor capacity rationalization in Europe and Asia alongside robust packaging demand. As global operating rates tighten, commodity polymer price-cost spreads expand rapidly, allowing operating margins to surpass historical mid-cycle benchmarks. Substantial operating leverage accelerates earnings per share and expands owner earnings toward previous cycle peaks. Under this outcome, the valuation advances to our bull scenario target of $42.15, representing a return of 48.3% relative to the share price on $28.42 (as of 2026-10-09) of $28.42, with a scenario likelihood of 25.0%. This upside path underpins our Potential value of $42.15.
| Ke ↓ / g → | 1.0% | 1.5% | 2.0% | 2.5% | 3.0% |
|---|---|---|---|---|---|
| 6.5% | $29.0 | $29.0 | $29.0 | $29.0 | $29.0 |
| 7.0% | $28.7 | $28.7 | $28.7 | $28.7 | $28.7 |
| 7.5% | $28.4 | $28.4 | $28.4 | $28.4 | $28.4 |
| 8.0% | $28.1 | $28.1 | $28.1 | $28.1 | $28.1 |
| 8.5% | $27.8 | $27.8 | $27.8 | $27.8 | $27.8 |
Upcoming earnings date and setup when available.
매월 발행된 리서치 판이 부여한 등급입니다. 등급은 분석 시점의 가격을 공정 가치와 비교한 것이며, 판단이 맞았는지에 대한 기록이 아닙니다.
| 연도 | 1월 | 2월 | 3월 | 4월 | 5월 | 6월 | 7월 | 8월 | 9월 | 10월 | 11월 | 12월 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
