Church & Dwight Co Inc

CHD: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$39.00	Kthy	Wwblqjrk

Church and Dwight Divulges a Muddy Q3, but Its Valuation Still Needs To Be Wrung Out

Erin Lash

Oct 31, 2022

No-moat Church and Dwight’s tepid third-quarter results prove the firm has failed to carve out a competitive edge. This is a factor we think the market underappreciates, as shares still trade at a 25%-30% premium to our unchanged $59 fair value estimate despite a 20% downdraft in its share price over the past three months. And as such, we suggest investors remain on the sidelines.

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