Company Valuation: Dow Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 41,951 35,462 38,465 28,191 16,618 20,695 - -
Change - -15.47% 8.47% -26.71% -41.05% 24.54% - -
Enterprise Value (EV) 1 53,635 46,998 50,564 42,345 30,963 34,247 33,966 33,517
Change - -12.37% 7.59% -16.25% -26.88% 10.61% -0.82% -1.32%
P/E 6.77x 8.02x 66.9x 25.6x -6.32x 14.1x 14.7x 12.7x
PBR 2.3x 2.04x 2.03x 1.59x 1.05x 1.27x 1.25x 1.21x
PEG - -0.3x -0.8x 0.3x 0x -0x -3.81x 0.8x
Capitalization / Revenue 0.76x 0.62x 0.86x 0.66x 0.42x 0.47x 0.48x 0.47x
EV / Revenue 0.98x 0.83x 1.13x 0.99x 0.77x 0.79x 0.79x 0.76x
EV / EBITDA 4.33x 5.03x 9.38x 7.72x 9.51x 5.66x 6.28x 5.84x
EV / EBIT 5.63x 7.13x 18.2x 16.4x 73.4x 10.2x 12.7x 11.2x
EV / FCF 9.74x 8.3x 17.8x -1,144x -21.9x 15.3x 15x 16.2x
FCF Yield 10.3% 12% 5.62% -0.09% -4.58% 6.52% 6.67% 6.18%
Dividend per Share 2 2.8 2.8 2.8 2.8 2.1 1.394 1.406 1.42
Rate of return 4.94% 5.56% 5.11% 6.98% 8.98% 4.86% 4.91% 4.96%
EPS 2 8.38 6.28 0.82 1.57 -3.7 2.033 1.955 2.25
Distribution rate 33.4% 44.6% 341% 178% -56.8% 68.5% 71.9% 63.1%
Net sales 1 54,968 56,902 44,622 42,964 39,968 43,619 42,903 43,955
EBITDA 1 12,375 9,348 5,389 5,482 3,256 6,048 5,410 5,740
EBIT 1 9,533 6,590 2,778 2,588 422 3,362 2,684 2,986
Net income 1 6,311 4,582 589 1,116 -2,623 1,212 1,424 1,639
Net Debt 1 11,684 11,536 12,099 14,154 14,345 13,552 13,271 12,822
Reference price 2 56.72 50.39 54.84 40.13 23.38 28.65 28.65 28.65
Nbr of stocks (in thousands) 739,614 703,759 701,397 702,492 710,767 722,341 - -
Announcement Date 1/27/22 1/26/23 1/25/24 1/30/25 1/29/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.09x0.79x5.66x4.86% 20.7B
26.55x3.93x12.5x6.59% 19.28B
-316.84x - - -.--% 14.24B
-76.57x0.83x6.17x0.89% 13.69B
14.31x2.46x52.06x1.99% 12.64B
20.35x3.1x10.63x1.33% 6.92B
22.58x2.06x13.91x1.64% 5.55B
21.67x0.75x11.18x2.95% 5.25B
27.8x2.84x18.12x1.92% 5.19B
Average -27.34x 2.09x 16.28x 2.46% 11.5B
Weighted average by Cap. -39.17x 2.08x 15.74x 2.99%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield