DOW Stock Analysis: Dow | NYSE

Chemicals | NYSE, USA | Market Cap: 21.193m USD | 12M Return: 39.9% | US2605571031 | Charts, Fundamentals & Technical Analysis

Polyethylene, Polyurethanes, Coatings, Ethylene
Total Rating 43
Safety 76
Buy Signal -0.01
Chemicals
Industry Rotation: +13.6
Market Cap: 21.2B
Avg Turnover: 290M
Risk 3d forecast
Volatility45.1%
VaR 5th Pctl7.56%
VaR vs Median3.96%
Reward TTM
Sharpe Ratio0.88
Rel. Str. IBD40.8
Rel. Str. Peer Group61.8
Character TTM
Beta0.714
Beta Downside0.937
Hurst Exponent0.479
Drawdowns 3y
Max DD62.16%
CAGR/Max DD-0.19
CAGR/Mean DD-0.43
EPS (Earnings per Share) EPS (Earnings per Share) of DOW over the last years for every Quarter: "2021-06": 2.72, "2021-09": 2.75, "2021-12": 2.15, "2022-03": 2.34, "2022-06": 2.31, "2022-09": 1.11, "2022-12": 0.46, "2023-03": 0.58, "2023-06": 0.75, "2023-09": 0.48, "2023-12": 0.43, "2024-03": 0.56, "2024-06": 0.68, "2024-09": 0.47, "2024-12": -0.0752, "2025-03": 0.02, "2025-06": -0.42, "2025-09": -0.19, "2025-12": -0.34, "2026-03": -0.14, "2026-06": 1.44,
Last SUE: 1.06
Qual. Beats: 3
Revenue Revenue of DOW over the last years for every Quarter: 2021-06: 13885, 2021-09: 14837, 2021-12: 14364, 2022-03: 15264, 2022-06: 15664, 2022-09: 14115, 2022-12: 11859, 2023-03: 11851, 2023-06: 11420, 2023-09: 10730, 2023-12: 10621, 2024-03: 10765, 2024-06: 10915, 2024-09: 10879, 2024-12: 10405, 2025-03: 10431, 2025-06: 10104, 2025-09: 9973, 2025-12: 9460, 2026-03: 9794, 2026-06: 12092,
Rev. CAGR: -4.43%
Rev. Trend: -92.4%
Last SUE: 0.38
Qual. Beats: 0

Warnings

High Debt/EBITDA With Thin Interest Coverage
High Debt While Negative Cash Flow
Interest Coverage Ratio Critical

Tailwinds

Idiosyncratic Leader

Seasonality 7.4 years of data

Jan +2.2% 2
Feb +3.8% 34
Mar +1.4% 9
Apr -2.5% 10
May +0.5% 6
Jun -8.3% 11
Jul +0.4% 12
Aug -1.1% 20
Sep -2.6% 34
Oct -3.8% 18
Nov +7.4% 38
Dec +0.9% 15

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: DOW Dow

Dow Inc. is a U.S.-headquartered materials science company that provides chemical products and solutions across packaging, infrastructure, mobility, and consumer end-markets. The company operates globally with a presence in North America, Europe, the Middle East, Africa, India, Asia Pacific, and Latin America, and runs three core reporting segments: Packaging & Specialty Plastics (ethylene, propylene, polyethylene, aromatics, and related derivatives), Industrial Intermediates & Infrastructure (polyurethanes, chlor-alkali and vinyl products, and construction chemicals), and Performance Materials & Coatings (architectural and industrial coatings, acrylics, silicon metals, and siloxanes). In addition to its chemicals operations, Dow also maintains a property and casualty insurance and reinsurance business. Founded in 1897 and based in Midland, Michigan, Dow began trading on the NYSE under the ticker DOW following its March 2019 spin-off from DowDuPont.

As a large-cap company classified within the GICS Materials sector and Commodity Chemicals sub-industry, Dow operates in a cyclical, capital-intensive industry where margins are closely tied to feedstock costs, energy prices, and global industrial demand. Its vertically integrated business model spans basic petrochemicals (olefins and aromatics) up through higher-value performance products, allowing it to serve both commodity-grade and specialty end uses.

Headlines to Watch Out For
  • Polyethylene oversupply pressures Packaging & Specialty Plastics margins
  • European energy costs squeeze polyurethane and chlor-alkali spreads
  • Dividend and buyback program anchors total shareholder returns
Piotroski VR-10 (Strict) 2.0
Net Income: -1.21b TTM > 0 and > 6% of Revenue
FCF/TA: -0.02 > 0.02 and ΔFCF/TA -0.66 > 1.0
NWC/Revenue: 25.01% < 20% (prev 17.28%; Δ 7.73% < -1%)
CFO/TA 0.07 > 3% & CFO 4.61b > Net Income -1.21b
Net Debt (19.4b) to EBITDA (2.30b): 8.44 < 3
Current Ratio: 1.98 > 1.5 & < 3
Outstanding Shares: last quarter (709.5m) vs 12m ago 0.60% < -2%
Gross Margin: 9.79% > 18% (prev 7.41%; Δ 2.37% > 0.5%)
Asset Turnover: 68.54% > 50% (prev 70.89%; Δ -2.35% > 0%)
Interest Coverage Ratio: 0.22 > 6 (EBIT TTM 192.0m / Interest Expense TTM 869.0m)
Altman Z'' 2.71
A: 0.17 (Total Current Assets 20.9b - Total Current Liabilities 10.5b) / Total Assets 61.6b
B: 0.27 (Retained Earnings 16.5b / Total Assets 61.6b)
C: 0.00 (EBIT TTM 192.0m / Avg Total Assets 60.3b)
D: 0.69 (Book Value of Equity 24.4b / Total Liabilities 35.6b)
Altman-Z'' = 2.71 = A
Beneish M -3.20
DSRI: 1.12 (Receivables 8.48b/7.65b, Revenue 41.3b/41.8b)
GMI: 0.76 (GM 7.41% / 9.79%)
AQI: 0.94 (AQ_t 0.28 / AQ_t-1 0.30)
SGI: 0.99 (Revenue 41.3b / 41.8b)
TATA: -0.09 (NI -1.21b - CFO 4.61b) / TA 61.6b)
Beneish M = -3.20 (Cap -4..+1) = AA
What is the price of DOW shares?

As of August 16, 2026, the stock is trading at USD 31.07 with a total of 7,305,455 shares traded. Over the past week, the price has changed by +5.90%, over one month by +2.51%, over three months by -19.07% and over the past year by +39.90%.

Current recommended Stop Loss: 27.80 (which is 10.5% or 2.9 ATR below the current price).

Is DOW a buy, sell or hold?

Dow has received a consensus analysts rating of 3.33. Therefore, it is recommended to hold DOW.

  • StrongBuy: 4
  • Buy: 0
  • Hold: 16
  • Sell: 1
  • StrongSell: 0

What are the forecasts/targets for the DOW price?
Analysts Target Price 35.7 14.9%
Dow (DOW) - Fundamental Data Overview as of 10 August 2026
Market Cap USD = 21.2b (21.2b USD * 1.0 USD.USD)
P/E Forward = 10.5152
P/S = 0.5129
P/B = 1.3363
P/EG = 38.8911
Revenue TTM = 41.3b USD
EBIT TTM = 192.0m USD
EBITDA TTM = 2.30b USD
Long Term Debt = 16.1b USD (from longTermDebt, last quarter)
Short Term Debt = 1.53b USD (from shortTermDebt, last quarter)
Debt = 23.4b USD (from shortLongTermDebtTotal, last quarter) + Leases 2.50b
Net Debt = 19.4b USD (calculated: Debt 23.4b - CCE 3.97b)
Enterprise Value = 40.6b USD (21.2b + Debt 23.4b - CCE 3.97b)
Interest Coverage Ratio = 0.22 (Ebit TTM 192.0m / Interest Expense TTM 869.0m)
EV/FCF = -29.43x (Enterprise Value 40.6b / FCF TTM -1.38b)
FCF Yield = -3.40% (FCF TTM -1.38b / Enterprise Value 40.6b)
FCF Margin = -3.34% (FCF TTM -1.38b / Revenue TTM 41.3b)
Net Margin = -2.92% (Net Income TTM -1.21b / Revenue TTM 41.3b)
Gross Margin = 9.79% ((Revenue TTM 41.3b - Cost of Revenue TTM 37.3b) / Revenue TTM)
Gross Margin QoQ = 17.92% (prev 6.53%)
Tobins Q-Ratio = 0.66 (Enterprise Value 40.6b / Total Assets 61.6b)
Interest Expense / Debt = 3.72% (Interest Expense 869.0m / Debt 23.4b)
Taxrate = 7.92% (69.0m / 871.0m)
NOPAT = 176.8m (EBIT 192.0m * (1 - 7.92%))
Current Ratio = 1.31 (Total Current Assets 20.9b / Total Current Liabilities 15.9b)
Debt / Equity = 0.96 (Debt 23.4b / totalStockholderEquity, last quarter 24.4b)
Debt / EBITDA = 8.44 (Net Debt 19.4b / EBITDA 2.30b)
 Debt / FCF = -14.06 (negative FCF - burning cash) (Net Debt 19.4b / FCF TTM -1.38b)
 Total Stockholder Equity = 18.3b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.00% (Net Income -1.21b / Total Assets 61.6b)
RoE = -6.58% (Net Income TTM -1.21b / Total Stockholder Equity 18.3b)
RoCE = 0.56% (EBIT 192.0m / Capital Employed (Equity 18.3b + L.T.Debt 16.1b))
RoIC = 0.30% (NOPAT 176.8m / Invested Capital 59.2b)
WACC = 5.83% (E(21.2b)/V(44.6b) * Re(8.49%) + D(23.4b)/V(44.6b) * Rd(3.72%) * (1-Tc(0.08)))
Discount Rate = 8.49% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 72.72 | Cagr: 0.25%
 [DCF] Fair Price = unknown (Cash Flow -1.38b)
 EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.06 | # QB: 3
Revenue Correlation: -92.36 | Revenue CAGR: -4.43% | SUE: 0.38 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.78 | Chg30d=-32.94% | Revisions=-64% | Analysts=14
EPS current Year (2026-12-31): EPS=2.55 | Chg30d=-13.32% | Revisions=-36% | GrowthEPS=+370.9% | GrowthRev=+9.4%
EPS next Year (2027-12-31): EPS=1.84 | Chg30d=-13.86% | Revisions=-53% | GrowthEPS=-27.6% | GrowthRev=-1.0%
[Analyst] Revisions Ratio: -59% (up=6, down=28)