CHD  Church & Dwight Company Inc.

Exchange

NYSE

Sector

Basic Industries

Industry

Package Goods/Cosmetics

Market Cap.

12.72B

Vuru Grade

75.58/100

Current Price

$49.61
+0.04 (+0.08%)

Growth Price

$55.32
Undervalued by 11.50%

Stability Price

$40.05
Overvalued by 19.28%

Company Metrics

  • P/E 28.35
  • P/S 3.64
  • P/B 6.43
  • EPS 1.75
  • Cash ROIC 15.30%
  • Cash Ratio 0.38
  • Dividend 0.72 / 1.45%
  • Avg. Vol. 2.00M
  • Shares 133.60M
  • Market Cap. 12.72B

Company Description

Church & Dwight Co., Inc., together with its subsidiaries, develops, manufactures, and markets a range of household, personal care, and specialty products under various brand names in the United States and internationally. The company operates in three segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products for deodorizin... more


Download 10 Years of Financial Statements:
Income Statement   Balance Sheet   Cash Flow

News

Church & Dwight Company, Inc. (CHD) Ex-Dividend Date Scheduled for February 16 ...
Nasdaq - Feb 15, 2017
Church & Dwight Company, Inc. ( CHD ) will begin trading ex-dividend on February 16, 2017. A cash dividend payment of $0.19 per share is scheduled to be paid on March 01, 2017.
Church & Dwight to Webcast Presentation from the Consumer Analyst Group of New ... - Yahoo Finance
Read this before buying Church & Dwight Co Inc (CHD) for its upcoming $0.19 ... - Simply Wall St
Church & Dwight Co Inc. Bottom Line Rises 6% In Q4
Nasdaq - Feb 7, 2017
(RTTNews.com) - Church & Dwight Co Inc. ( CHD ) announced a profit for its fourth quarter that rose compared to the same period last year.
Church & Dwight Co., Inc. (CHD), Alexion Pharmaceuticals, Inc. (ALXN) Stock ...
The USA Commerce - 14 hours ago
Shares of Church & Dwight Co., Inc. (NYSE:CHD) dropped -0.18% to $49.61. During the trading on 02/21/2017, Company's stock ranged from $49.51 to $49.92.
Analyst Stock Recommendations For Church & Dwight Co., Inc. (CHD), Alexion ... - TWN
2 Stocks Analyst Opinion Asks for Deeper Look: Church & Dwight Co., Inc. (NYSE ... - The Voice Registrar
Church & Dwight: Don't Overlook This Company
Seeking Alpha - Feb 8, 2017
In late 2005, when I looked into the company which owns the Arm & Hammer brand, I realized I had been remiss in not investing in Church & Dwight Co. Inc. (NYSE: CHD). CHD certainly was not inexpensive when I pulled the trigger in 2005, but without a ...
Traders Secrets on Church & Dwight Co., Inc. (CHD), salesforce.com, inc. (CRM) - StockNewsJournal
Church & Dwight Reports Results - Yahoo Finance
Church & Dwight Co. Inc Risk Points versus Consumer Discretionary
CML News - Feb 13, 2017
This is a scatter plot analysis of the critical risk points from the option market for Church & Dwight Co. Inc (NYSE:CHD) compared to its own past and the Consumer Discretionary ETF.
Today's Brokerage Rating: Church & Dwight Co., Inc. (CHD), Anadarko Petroleum ...
StockNewsJournal - Feb 21, 2017
Investors who are keeping close eye on the stock of Church & Dwight Co., Inc. (NYSE:CHD) established that the company was able to keep return on investment at 13.63 in the trailing twelve month while Reuters data showed that industry's average stands ...
Analytical Guide for Church & Dwight (CHD), Anadarko Petroleum (APC) Stakeholders - The USA Commerce
Analyst Research and Ratings: Church & Dwight Co., Inc. (CHD), Anadarko ... - TWN
The Church & Dwight Company, Inc. (CHD) Position Boosted by GAM Holding AG
DailyQuint - 1 hour ago
GAM Holding AG increased its position in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 100.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
Church & Dwight Company, Inc. (CHD) Shares Bought by Atlanta Capital ... - Sports Perspectives
Church & Dwight Co. Inc. (NYSE:CHD) current Stock Analysis - TopChronicle
Church & Dwight Co., Inc., Coty Inc Flash Buy Signals With Trendline Crossover
Schaeffers Research (blog) - Jan 26, 2017
Yesterday, Schaeffer's Senior Quantitative Analyst Rocky White called our attention to 20 stocks to buy, based on predictive technical signals.
The Technical Facts on Church & Dwight Co., Inc. (CHD)
The USA Commerce - Feb 21, 2017
We have gathered the technical data on Church & Dwight Co., Inc. (CHD), and see some interesting trends in the stock's behavior of late.
Church & Dwight Co., Inc. (CHD): The Technicals As Seen Today
NY Stock News - 12 hours ago
Church & Dwight Co., Inc. (CHD) has presented a rich pool of technical data in recent sessions. These are the trends we've been tracking and how we feel they should be played in the current environment.
Growth Rate Assumed by Market

We did a reverse valuation to calculate the growth rate the market is assuming for CHD to be considered fairly valued at its current market price. It's useful to compare this to the growth rate we're assuming for the Growth Price.

Future Free Cash Flow Growth Rate

This is the annual growth rate we've applied to calculate CHD's Free Cash Flow for the next 10 years. To calculate it, we looked at several time periods of the last 10 years. Feel free to adjust it, but we limit the initial growth rate to 20% and slow it down over the years. Otherwise, long-term sustainability issues come into play.

Discount Rate

The discount rate is the annual rate of return an investor requires to take the risk of investing in a single stock. To account for that risk, this should be above 8-10%, as this is the avg. annual rate of return for the S&P500 over the past 100 years.

$49.61 Current Price

$55.32 Growth Price (DCF)

Undervalued by 11.50%


Growth Rate Assumed by Market: 6.90%


Future Free Cash Flow Growth Rate: 10.7%


Discount Rate: 15.0%


Show Free Cash Flow numbers

$40.05 Stability Price (EPV)

Overvalued by 19.28%


Discount Rate: 15.0%

$46.71 Book Price

Overvalued by 5.84%


Excellent Cash Return on Invested Capital over the past 5 years

CHD has efficiently invested its financial resources in buildings, projects, and equipment, resulting in strong returns. Annual Reports can be useful in identifying the cause of one-time events and future sustainability.

CHD has created $15.30 of cash for every $100 invested.
Figures in USD. Fiscal year ends in December
20112012201320142015
Free Cash Flow 361.20M 449.10M 432.50M 469.80M 544.30M
divided by
Invested Capital 2.48B 3.03B 3.11B 3.05B 3.05B
Cash ROIC 14.55% 14.82% 13.90% 15.39% 17.82%

Excellent Return on Equity over the past 5 years

Over the past 5 years, CHD has generated strong profits with money shareholders have invested. This is considered one of the best indicators of quality management. Beware of extremely high Return on Equity (> 50%) as this is often unsustainable.

CHD has generated $17.85 of Earnings for every $100 of Shareholders' Equity.
Figures in USD. Fiscal year ends in December
20112012201320142015
Net Income 309.60M 349.80M 394.40M 413.90M 410.40M
divided by
Stockholders' Equity 2.04B 2.06B 2.30B 2.10B 2.02B
Return on Equity 15.17% 16.97% 17.15% 19.69% 20.28%

Excellent Business Performance over the past 10 years

CHD has been able to maintain profitability in good times and bad. This could mean CHD has an extremely strong business or has the ability to scale down costs when needed. This should be a fairly resilient business, but double check for future sustainability by looking at its Risk Factors in the Annual Report.

CHD has created positive free cash flow for 9 or more of the past 10 years.
Figures in USD. Fiscal year ends in December
2006200720082009201020112012201320142015
Free Cash Flow 138.85M 199.80M 335.83M 400.38M 364.65M 361.20M 449.10M 432.50M 469.80M 544.30M

Weak Balance Sheet

CHD's financial position is not ideal. The key is to check whether CHD is using debt to fuel its growth and the sustainability of that tendency. Highly capital intensive businesses (see Economic Moat) follow this route, which can deeply impact the future prospects of the business.
Figures in USD. Fiscal year ends in December
2006200720082009201020112012201320142015
Cash 110.48M 249.81M 198.00M 447.14M 189.20M 251.40M 343.00M 496.90M 423.00M 330.00M
Current Assets 556.07M 735.35M 665.12M 928.27M 649.48M 755.20M 933.80M 1.12B 1.03B 906.00M
Total Assets 2.33B 2.53B 2.80B 3.12B 2.95B 3.12B 4.10B 4.26B 4.38B 4.26B
Current Liabilities 444.40M 457.79M 387.12M 567.03M 447.09M 383.60M 725.60M 651.20M 905.30M 872.70M
Total Liabilities 1.47B 1.45B 1.47B 1.52B 1.07B 1.08B 2.04B 1.96B 2.28B 2.23B
Stockholder' Equity 863.84M 1.08B 1.33B 1.60B 1.87B 2.04B 2.06B 2.30B 2.10B 2.02B
Current Ratio 1.25 1.61 1.72 1.64 1.45 1.97 1.29 1.71 1.14 1.04
TL-to-TA 0.63 0.57 0.52 0.49 0.36 0.35 0.50 0.46 0.52 0.52

Consistent Reinvestment of Profits over the past 10 years

CHD has consistently retained profits. This may put CHD in a strong position to invest for the future, by buying new machinery, investing in R&D or a number of other options. By effectively using these earnings, CHD can greatly improve their long-term economic picture.
Figures in USD. Fiscal year ends in December
2006200720082009201020112012201320142015
Retained Earnings 740.13M 891.87M 1.06B 1.28B 1.50B 1.71B 1.93B 2.17B 2.41B 2.65B
Retained Earnings Growth - 20.50% 19.29% 19.85% 17.78% 14.13% 12.56% 12.40% 11.36% 9.74%

Potential Competitive Advantage over the past 10 years

CHD potentially has a competitive advantage. This could be strong branding, the ability to keep costs low, or some other characteristic that is hard to replicate. Look at its future prospects to determine sustainability and whether the economic moat will strengthen.

$10.31 of every $100 of Revenue have been pure profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
2006200720082009201020112012201320142015
Net Income 138.93M 169.03M 195.17M 243.53M 270.72M 309.60M 349.80M 394.40M 413.90M 410.40M
divided by
Revenue 1.95B 2.22B 2.42B 2.52B 2.59B 2.75B 2.92B 3.19B 3.30B 3.39B
Net Profit Margin 7.14% 7.61% 8.06% 9.66% 10.46% 11.26% 11.97% 12.35% 12.55% 12.09%

Varying Pricing Power over the past 10 years

CHD has maintained substantial gross margins, suggesting that they have been able to set prices without consideration of the cost of goods sold. However, there is a substantial variation in their Gross Profit Margins from year-to-year, which indicates inconsistent performance. Look at reasons for this inconsistency to determine the likelihood of future sustainability.

$48.45 of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
2006200720082009201020112012201320142015
Gross Profit 761.14M 867.90M 971.72M 1.10B 1.16B 2.75B 1.29B 1.44B 1.45B 1.51B
divided by
Revenue 1.95B 2.22B 2.42B 2.52B 2.59B 2.75B 2.92B 3.19B 3.30B 3.39B
Gross Margin 39.12% 39.08% 40.11% 43.67% 44.71% 100.00% 44.20% 45.02% 44.06% 44.53%

Low Capital Intensity over the past 10 years

CHD has consistently used a small portion of their Net Income buying new equipment or investing in new facilities. This indicates that CHD may require minimal investment to stay competitive. This leaves them with extra money to spend on growing their business and potentially buying back stock.

18.23% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in USD. Fiscal year ends in December
2006200720082009201020112012201320142015
Capital Expenditure 47.60M 48.88M 340,000.00 571,000.00 63.83M 76.60M 74.50M 67.10M 70.50M 61.80M
divided by
Net Income 138.93M 169.03M 195.17M 243.53M 270.72M 309.60M 349.80M 394.40M 413.90M 410.40M
Capital Expenditure Ratio 34.26% 28.92% 0.17% 0.23% 23.58% 24.74% 21.30% 17.01% 17.03% 15.06%

Very Strong Dividend History over the past 10 years

CHD has consistently distributed a dividend for at least the past 10 years. Such a long dividend history suggests CHD is very established in its market and that its dividend distribution is likely to continue for a significant period of time.
Figures in USD. Fiscal year ends in December
2006200720082009201020112012201320142015
Dividend Paid 16.87M 19.75M 23.11M 32.34M 44.04M 97.40M 134.50M 155.20M 167.50M 175.30M
divided by
Shares Outstanding 68.95M 70.31M 71.12M 71.48M 72.20M 145.80M 142.70M 141.20M 137.50M 133.60M
Dividend Paid Per Share 0.24 0.28 0.33 0.45 0.61 0.67 0.94 1.10 1.22 1.31
Price at Year End 20.24 26.13 26.38 29.66 34.22 45.53 53.42 66.64 79.64 86.13
Dividend Yield 1.21% 1.07% 1.23% 1.53% 1.78% 1.47% 1.76% 1.65% 1.53% 1.52%

History of Stock Buybacks over the past 10 years

CHD has some history of delivering increased value for shareholders in the form of stock buybacks. These have helped improve financial metrics and increase each shareholders' relative ownership stake in the company, due to fewer shares outstanding and holding the same number of shares.
Figures in USD. Fiscal year ends in December
2006200720082009201020112012201320142015
Shares Outstanding 68.95M 70.31M 71.12M 71.48M 72.20M 145.80M 142.70M 141.20M 137.50M 133.60M
Stock Bought Back - -1.94% -1.13% -0.51% -1.00% -50.48% 2.17% 1.06% 2.69% 2.92%
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