NYSE:CHD

Stock Analysis Report

Executive Summary

Church & Dwight Co., Inc. develops, manufactures, and markets household, personal care, and specialty products in the United States and internationally.


Snowflake Analysis

Solid track record and fair value.


Similar Companies

Share Price & News

How has Church & Dwight's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CHD has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.7%

CHD

6.0%

US Household Products

10.5%

US Market


1 Year Return

-13.0%

CHD

4.2%

US Household Products

-11.5%

US Market

Return vs Industry: CHD underperformed the US Household Products industry which returned 4.2% over the past year.

Return vs Market: CHD underperformed the US Market which returned -11.5% over the past year.


Shareholder returns

CHDIndustryMarket
7 Day-5.7%6.0%10.5%
30 Day-13.8%-3.5%-15.4%
90 Day-12.3%-11.6%-21.4%
1 Year-11.9%-13.0%6.8%4.2%-9.6%-11.5%
3 Year29.9%24.3%30.6%19.8%12.6%5.4%
5 Year55.8%44.5%56.5%34.9%32.8%18.1%

Price Volatility Vs. Market

How volatile is Church & Dwight's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Church & Dwight undervalued compared to its fair value and its price relative to the market?

36.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CHD ($61.97) is trading below our estimate of fair value ($97.89)

Significantly Below Fair Value: CHD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CHD is good value based on its PE Ratio (24.8x) compared to the Household Products industry average (25.8x).

PE vs Market: CHD is poor value based on its PE Ratio (24.8x) compared to the US market (13x).


Price to Earnings Growth Ratio

PEG Ratio: CHD is poor value based on its PEG Ratio (3.9x)


Price to Book Ratio

PB vs Industry: CHD is overvalued based on its PB Ratio (5.7x) compared to the US Household Products industry average (2.7x).


Next Steps

Future Growth

How is Church & Dwight forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

6.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CHD's forecast earnings growth (6.4% per year) is above the savings rate (1.7%).

Earnings vs Market: CHD's earnings (6.4% per year) are forecast to grow slower than the US market (12.3% per year).

High Growth Earnings: CHD's earnings are forecast to grow, but not significantly.

Revenue vs Market: CHD's revenue (3.9% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: CHD's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CHD's Return on Equity is forecast to be high in 3 years time (25.8%)


Next Steps

Past Performance

How has Church & Dwight performed over the past 5 years?

12.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CHD has high quality earnings.

Growing Profit Margin: CHD's current net profit margins (14.1%) are higher than last year (13.7%).


Past Earnings Growth Analysis

Earnings Trend: CHD's earnings have grown by 12.1% per year over the past 5 years.

Accelerating Growth: CHD's earnings growth over the past year (8.3%) is below its 5-year average (12.1% per year).

Earnings vs Industry: CHD earnings growth over the past year (8.3%) exceeded the Household Products industry -14%.


Return on Equity

High ROE: CHD's Return on Equity (23.1%) is considered high.


Next Steps

Financial Health

How is Church & Dwight's financial position?


Financial Position Analysis

Short Term Liabilities: CHD's short term assets ($956.4M) do not cover its short term liabilities ($1.1B).

Long Term Liabilities: CHD's short term assets ($956.4M) do not cover its long term liabilities ($2.9B).


Debt to Equity History and Analysis

Debt Level: CHD's debt to equity ratio (78.4%) is considered high.

Reducing Debt: CHD's debt to equity ratio has increased from 51.9% to 78.4% over the past 5 years.

Debt Coverage: CHD's debt is well covered by operating cash flow (41.3%).

Interest Coverage: CHD's interest payments on its debt are well covered by EBIT (11.6x coverage).


Balance Sheet

Inventory Level: CHD has a low level of unsold assets or inventory.

Debt Coverage by Assets: CHD's debt is not covered by short term assets (assets are 0.5x debt).


Next Steps

Dividend

What is Church & Dwight's current dividend yield, its reliability and sustainability?

1.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CHD's dividend (1.55%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.98%).

High Dividend: CHD's dividend (1.55%) is low compared to the top 25% of dividend payers in the US market (5.45%).


Stability and Growth of Payments

Stable Dividend: CHD's dividend payments have been volatile in the past 10 years.

Growing Dividend: CHD's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.4%), CHD's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CHD's dividends in 3 years are forecast to be well covered by earnings (35.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.2yrs

Average management tenure


CEO

Matt Farrell (63yo)

4.17s

Tenure

US$8,985,122

Compensation

Mr. Matthew Thomas Farrell, also known as Matt, is the Chief Executive Officer and President of Church & Dwight Co., Inc. He has held that position since 2015. He serves as Chairman of the Board at Church  ...


CEO Compensation Analysis

Compensation vs Market: Matt's total compensation ($USD8.99M) is about average for companies of similar size in the US market ($USD11.74M).

Compensation vs Earnings: Matt's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Matthew Farrell
President4.17yrsUS$8.99m0.060% $9.2m
Richard Dierker
CFO & Executive VP4.17yrsUS$2.77m0.0034% $519.4k
Patrick de Maynadier
Executive VP8.25yrsUS$1.65m0.0059% $892.5k
Britta Bomhard
Executive VP & Chief Marketing Officer4.17yrsUS$1.45m0.0022% $338.1k
Steven Cugine
Executive Vice President of International & Global New Products Innovation17.58yrsUS$1.39m0.013% $1.9m
Rick Spann
Executive Vice President of Global Operations2.83yrsno data0.0020% $309.2k
Steven Katz
VP, Controller & Chief Accounting Officer12.83yrsno data0.0029% $440.2k
Paul Wood
Executive Vice President of U.S. Sales1.42yrsno datano data
Rene Hemsey
Executive Vice President of Global Human Resources0.083yrno datano data
Judy Zagorski
Executive Vice President0.083yrUS$1.69m0.00063% $96.0k

4.2yrs

Average Tenure

55.5yo

Average Age

Experienced Management: CHD's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Matthew Farrell
President4.17yrsUS$8.99m0.060% $9.2m
Robert Shearer
Independent Director12.08yrsUS$258.00k0.012% $1.8m
Robert LeBlanc
Lead Independent Director10.17yrsUS$265.33k0.027% $4.1m
Dwight Minton
Chairman Emeritus19.08yrsUS$280.30kno data
James Craigie
Independent Director15.67yrsUS$304.00k0.014% $2.1m
Arthur Winkleblack
Independent Director12.17yrsUS$255.00k0.0078% $1.2m
Bradley Irwin
Lead Independent Director0.17yrUS$240.00k0.019% $2.8m
Ravichandra Saligram
Independent Director13.58yrsUS$246.67k0.018% $2.8m
Penry Price
Independent Director8.33yrsUS$240.00k0.0084% $1.3m
Janet Vergis
Independent Director6.17yrsUS$240.00k0.0046% $705.2k

11.1yrs

Average Tenure

62.5yo

Average Age

Experienced Board: CHD's board of directors are seasoned and experienced ( 11.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Church & Dwight Co., Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Church & Dwight Co., Inc.
  • Ticker: CHD
  • Exchange: NYSE
  • Founded: 1846
  • Industry: Household Products
  • Sector: Household
  • Market Cap: US$15.231b
  • Shares outstanding: 245.78m
  • Website: https://www.churchdwight.com

Number of Employees


Location

  • Church & Dwight Co., Inc.
  • Princeton South Corporate Center
  • 500 Charles Ewing Boulevard
  • Ewing
  • New Jersey
  • 8628
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CHDNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1975
CXUDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1975
CXUXTRA (XETRA Trading Platform)YesCommon StockDEEURJan 1975
CHDSWX (SIX Swiss Exchange)YesCommon StockCHCHFJan 1975
0R13LSE (London Stock Exchange)YesCommon StockGBUSDJan 1975
CHD *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJan 1975
CHDWBAG (Wiener Boerse AG)YesCommon StockATEURJan 1975
CHDC34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REP 1 COM USD1.00BRBRLMay 2019

Biography

Church & Dwight Co., Inc. develops, manufactures, and markets household, personal care, and specialty products in the United States and internationally. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorization, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L’IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; and hair removal products under the FLAWLESS brand. It provides specialty products, including animal productivity products, such as MEGALAC rumen bypass fat, a supplement, which enables cows to maintain energy levels during the period of high milk production; BIO-CHLOR and FERMENTEN, which are designed to help reduce health issues associated with calving, as well as provides needed protein; and CELMANAX refined functional carbohydrate, a yeast based prebiotic. In addition, the company offers sodium bicarbonate; and cleaning and deodorizing products. It sells its consumer products through supermarkets, mass merchandisers, wholesale clubs, drugstores, convenience stores, home stores, dollar and other discount stores, pet and other specialty stores, and Websites and other e-commerce channels; and specialty products to industrial customers and livestock producers through distributors. The company was founded in 1846 and is headquartered in Ewing, New Jersey. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 01:16
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.