Dow's third-quarter sales rose 13% year on year to $11.3 billion but fell about 7% from the $12.1 billion reported in the second quarter, driven by pricing. Dow achieved roughly $250 million of EBITDA uplift from its Transform to Outperform program in the quarter, about half the year-to-date total.
Completion of several European asset shutdowns should make Dow’s revised portfolio more resilient to the chemical cycle, boosting margins long-term.
Another dividend cut would disincentivize investors further, leading to a downward multiple rerating.
|
Metric
|
DOW
|
LYB
|
BASFY
|
|---|---|---|---|
Price/Earnings (Normalized) | 41.31 | 9.15 | 27.15 |
Price/Book Value | 1.42 | 1.98 | 1.23 |
Price/Sales | 0.54 | 0.67 | 0.73 |
Price/Cash Flow | 5.41 | 7.01 | 8.27 |
|
Metric
|
DOW
|
LYB
|
BASFY
|
|---|---|---|---|
Quick Ratio | 1.02 | 0.93 | 1.19 |
Current Ratio | 1.75 | 1.64 | 1.85 |
Interest Coverage | −0.34 | 0.71 | 3.59 |
|
Metric
|
DOW
|
LYB
|
BASFY
|
|---|---|---|---|
Return on Assets (Normalized) | 0.96% | 6.75% | 0.97% |
Return on Equity (Normalized) | 3.52% | 21.72% | 2.27% |
Return on Invested Capital (Normalized) | 3.45% | 10.69% | 1.92% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Shin-Etsu Chemical Co Ltd DR
SHECY
| — | LOCK|z>k | $67B | |||
| Shin-Etsu Chemical Co Ltd
SHECF
| — | LOCK|xVr | $67B | |||
| Basf SE
BFFAF
| — | LOCK|gtW | $51B | |||
| Basf SE ADR
BASFY
| LOCK|#$%LrDB | LOCK|<mD | $51B | |||
| Resonac Holdings Corp ADR
SHWDY
| — | LOCK|T?K< | $16B | |||
| Resonac Holdings Corp
SHWDF
| — | LOCK|!##^x | $16B | |||
| Nippon Sanso Holdings Corp ADR
NPXYY
| — | LOCK|mbPD | $15B | |||
| Celanese Corp Class A
CE
| LOCK|?@ | LOCK|Qb | $5B | |||
| Olin Corp
OLN
| LOCK|h>c<vMY | LOCK|&V | $2B |
United States