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Church & Dwight

NYSE:CHD
Snowflake Description

Average dividend payer with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CHD
NYSE
$18B
Market Cap
  1. Home
  2. US
  3. Household
Company description

Church & Dwight Co., Inc. develops, manufactures, and markets household, personal care, and specialty products. The last earnings update was 23 days ago. More info.


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CHD Share Price and Events
7 Day Returns
1.1%
NYSE:CHD
-0.5%
US Household Products
-1.4%
US Market
1 Year Returns
57.6%
NYSE:CHD
40.4%
US Household Products
1.6%
US Market
CHD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Church & Dwight (CHD) 1.1% 1.8% 12.7% 57.6% 52.2% 115.8%
US Household Products -0.5% 2.4% 5.7% 40.4% 30.7% 37.8%
US Market -1.4% -3.9% 0.2% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • CHD outperformed the Household Products industry which returned 40.4% over the past year.
  • CHD outperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
CHD
Industry
5yr Volatility vs Market

Value

 Is Church & Dwight undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Church & Dwight to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Church & Dwight.

NYSE:CHD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:CHD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Household Products Unlevered Beta Simply Wall St/ S&P Global 0.33
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.333 (1 + (1- 21%) (10.98%))
0.572
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NYSE:CHD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Church & Dwight is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:CHD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 836.10 Analyst x5 777.78
2020 808.68 Analyst x5 699.80
2021 826.93 Analyst x3 665.69
2022 846.63 Est @ 2.38% 634.01
2023 867.69 Est @ 2.49% 604.45
2024 889.90 Est @ 2.56% 576.68
2025 913.13 Est @ 2.61% 550.47
2026 937.30 Est @ 2.65% 525.62
2027 962.34 Est @ 2.67% 502.02
2028 988.22 Est @ 2.69% 479.57
Present value of next 10 years cash flows $6,016.09
NYSE:CHD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $988.22 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$21,291.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $21,291.84 ÷ (1 + 7.5%)10
$10,332.59
NYSE:CHD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6,016.09 + $10,332.59
$16,348.69
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $16,348.69 / 246.22
$66.4
NYSE:CHD Discount to Share Price
Calculation Result
Value per share (USD) From above. $66.40
Current discount Discount to share price of $74.71
= -1 x ($74.71 - $66.40) / $66.40
-12.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Church & Dwight is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Church & Dwight's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Church & Dwight's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CHD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.39
NYSE:CHD Share Price ** NYSE (2019-05-24) in USD $74.71
United States of America Household Products Industry PE Ratio Median Figure of 9 Publicly-Listed Household Products Companies 24.13x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.44x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Church & Dwight.

NYSE:CHD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CHD Share Price ÷ EPS (both in USD)

= 74.71 ÷ 2.39

31.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Church & Dwight is overvalued based on earnings compared to the US Household Products industry average.
  • Church & Dwight is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Church & Dwight's expected growth come at a high price?
Raw Data
NYSE:CHD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
7%per year
United States of America Household Products Industry PEG Ratio Median Figure of 6 Publicly-Listed Household Products Companies 4.45x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

NYSE:CHD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 31.31x ÷ 7%

4.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Church & Dwight is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Church & Dwight's assets?
Raw Data
NYSE:CHD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $10.16
NYSE:CHD Share Price * NYSE (2019-05-24) in USD $74.71
United States of America Household Products Industry PB Ratio Median Figure of 12 Publicly-Listed Household Products Companies 3.33x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NYSE:CHD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CHD Share Price ÷ Book Value per Share (both in USD)

= 74.71 ÷ 10.16

7.36x

* Primary Listing of Church & Dwight.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Church & Dwight is overvalued based on assets compared to the US Household Products industry average.
X
Value checks
We assess Church & Dwight's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Household Products industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Household Products industry average (and greater than 0)? (1 check)
  5. Church & Dwight has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Church & Dwight expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Church & Dwight expected to grow at an attractive rate?
  • Church & Dwight's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Church & Dwight's earnings growth is positive but not above the United States of America market average.
  • Church & Dwight's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CHD Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CHD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 7%
NYSE:CHD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 4.8%
United States of America Household Products Industry Earnings Growth Rate Market Cap Weighted Average 6.1%
United States of America Household Products Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:CHD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CHD Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,794 901 710 9
2020-12-31 4,617 872 673 17
2019-12-31 4,379 877 623 17
NYSE:CHD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 4,185 746 587
2018-12-31 4,146 764 569
2018-09-30 4,105 825 831
2018-06-30 4,035 755 819
2018-03-31 3,905 706 770
2017-12-31 3,776 682 743
2017-09-30 3,639 584 448
2017-06-30 3,542 608 439
2017-03-31 3,521 609 478
2016-12-31 3,493 655 459
2016-09-30 3,471 692 458
2016-06-30 3,462 654 454

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Church & Dwight's earnings are expected to grow by 7% yearly, however this is not considered high growth (20% yearly).
  • Church & Dwight's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CHD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Church & Dwight Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CHD Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.87 2.90 2.83 4.00
2020-12-31 2.68 2.75 2.66 12.00
2019-12-31 2.47 2.51 2.45 12.00
NYSE:CHD Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.39
2018-12-31 2.32
2018-09-30 3.38
2018-06-30 3.31
2018-03-31 3.10
2017-12-31 2.97
2017-09-30 1.78
2017-06-30 1.72
2017-03-31 1.86
2016-12-31 1.78
2016-09-30 1.77
2016-06-30 1.75

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Church & Dwight is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Church & Dwight's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Church & Dwight has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Church & Dwight's growth in the last year to its industry (Household Products).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Church & Dwight's year on year earnings growth rate has been positive over the past 5 years.
  • Church & Dwight's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Church & Dwight's 1-year earnings growth is negative, it can't be compared to the US Household Products industry average.
Earnings and Revenue History
Church & Dwight's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Church & Dwight Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CHD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 4,184.60 586.50 1,047.90
2018-12-31 4,145.90 568.60 1,049.10
2018-09-30 4,104.60 831.40 1,034.90
2018-06-30 4,034.90 818.50 1,018.80
2018-03-31 3,905.00 769.70 985.70
2017-12-31 3,776.20 743.40 957.70
2017-09-30 3,639.10 448.20 925.60
2017-06-30 3,541.90 438.80 885.40
2017-03-31 3,521.30 477.50 870.10
2016-12-31 3,493.10 459.00 866.40
2016-09-30 3,470.70 457.70 851.10
2016-06-30 3,461.80 454.10 846.70
2016-03-31 3,431.50 416.20 844.80
2015-12-31 3,394.80 410.40 837.60
2015-09-30 3,386.70 407.90 830.20
2015-06-30 3,366.70 403.40 825.30
2015-03-31 3,327.90 418.50 812.70
2014-12-31 3,297.60 413.90 806.70
2014-09-30 3,254.70 399.50 806.50
2014-06-30 3,217.70 391.50 813.60
2014-03-31 3,197.00 389.30 805.90
2013-12-31 3,194.30 394.40 809.30
2013-09-30 3,181.40 383.00 812.50
2013-06-30 3,101.80 369.00 797.20
2013-03-31 3,010.60 361.70 767.30
2012-12-31 2,921.90 349.80 746.30
2012-09-30 2,843.30 332.80 721.60
2012-06-30 2,819.10 318.50 723.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Church & Dwight has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Church & Dwight used its assets more efficiently than the US Household Products industry average last year based on Return on Assets.
  • Church & Dwight's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Church & Dwight's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Household Products industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Church & Dwight has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Church & Dwight's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Church & Dwight's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Church & Dwight's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Church & Dwight's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Church & Dwight's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Church & Dwight Company Filings, last reported 1 month ago.

NYSE:CHD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,499.30 2,020.60 97.90
2018-12-31 2,453.80 2,114.10 316.70
2018-09-30 2,353.40 2,104.90 188.30
2018-06-30 2,221.10 2,212.90 89.30
2018-03-31 2,143.30 2,354.80 119.80
2017-12-31 2,218.00 2,374.30 278.90
2017-09-30 1,953.10 2,421.30 236.50
2017-06-30 1,848.30 1,523.40 237.60
2017-03-31 1,935.70 1,278.60 139.50
2016-12-31 1,977.90 1,120.20 187.80
2016-09-30 2,120.00 929.70 232.10
2016-06-30 2,011.90 1,082.30 210.80
2016-03-31 1,920.30 1,151.10 194.30
2015-12-31 2,023.20 1,050.00 330.00
2015-09-30 2,049.60 981.00 210.60
2015-06-30 1,971.60 1,073.70 203.20
2015-03-31 1,908.70 1,226.80 299.70
2014-12-31 2,101.90 1,087.50 423.00
2014-09-30 2,087.40 1,053.70 370.20
2014-06-30 2,019.90 802.70 196.90
2014-03-31 2,113.40 803.10 300.00
2013-12-31 2,300.00 803.30 496.90
2013-09-30 2,230.70 803.50 445.50
2013-06-30 2,146.70 804.30 274.10
2013-03-31 2,085.50 853.30 279.30
2012-12-31 2,061.10 903.20 343.00
2012-09-30 2,058.20 903.80 241.20
2012-06-30 1,985.20 282.20 184.20
  • Church & Dwight's level of debt (80.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (38% vs 80.8% today).
  • Debt is well covered by operating cash flow (36.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.8x coverage).
X
Financial health checks
We assess Church & Dwight's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Church & Dwight has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.22%
Current annual income from Church & Dwight dividends. Estimated to be 1.3% next year.
If you bought $2,000 of Church & Dwight shares you are expected to receive $24 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Church & Dwight's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Church & Dwight's dividend is below the markets top 25% of dividend payers in United States of America (3.75%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:CHD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
United States of America Household Products Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CHD Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.04 10.00
2020-12-31 0.98 14.00
2019-12-31 0.91 13.00
NYSE:CHD Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-01 0.910 1.233
2019-02-21 0.910 1.308
2019-02-05 0.910 1.424
2018-10-31 0.870 1.327
2018-08-01 0.870 1.501
2018-05-02 0.870 1.727
2018-02-23 0.870 1.781
2018-02-05 0.870 1.797
2017-11-01 0.760 1.594
2017-08-02 0.760 1.561
2017-05-03 0.760 1.460
2017-02-24 0.760 1.522
2017-02-07 0.760 1.558
2016-11-02 0.710 1.588
2016-08-12 0.710 1.472
2016-05-04 0.710 1.433
2016-02-19 0.710 1.540
2016-02-02 0.710 1.614
2015-10-28 0.670 1.599
2015-07-28 0.670 1.549
2015-05-06 0.670 1.601
2015-02-20 0.670 1.581
2015-02-03 0.670 1.605
2014-10-31 0.620 1.600
2014-07-30 0.620 1.800
2014-05-01 0.620 1.815
2014-02-21 0.620 1.815
2014-02-03 0.620 1.922
2013-08-01 0.560 1.772
2013-05-03 0.560 1.796
2013-05-02 0.560 1.751
2013-02-22 0.560 1.788
2013-02-05 0.560 1.870
2012-11-01 0.480 1.769
2012-08-02 0.480 1.789
2012-05-02 0.480 1.757
2012-02-07 0.480 1.961
2011-11-02 0.340 1.518
2011-08-04 0.340 1.588
2011-05-05 0.340 1.667
2011-02-08 0.340 1.753
2010-11-05 0.170 1.000
2010-08-05 0.170 1.052
2010-05-07 0.140 0.851
2010-02-02 0.140 0.837
2009-10-30 0.140 0.932
2009-08-04 0.140 0.990

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Church & Dwight's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Church & Dwight's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Church & Dwight afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Church & Dwight has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Church & Dwight's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matt Farrell
COMPENSATION $7,267,713
AGE 62
TENURE AS CEO 3.3 years
CEO Bio

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 & Dwight Co., Inc. since May 02, 2019. He was a Chief Operating Officer of Church & Dwight since 2006. From 2007 through 2014, Mr. Farrell was Chief Financial Officer of Church & Dwight. Mr. Farrell began his career with KPMG Peat Marwick LLP. He was named an audit partner in 1989. He joined AlliedSignal in 1994 as Director, Corporate Audit, and in 1996, he was appointed Chief Financial Officer of the Specialty Chemicals business. In 2000, Mr. Farrell joined Ingersoll-Rand as Vice President, Investor Relations and Communications and was a member of Ingersoll-Rand’s enterprise leadership team. In 2002, he joined Alpharma, Inc., a specialty pharmaceutical company, as Executive Vice President and Chief Financial Officer. He serves as Director at Lydall, Inc. since August 2003.

CEO Compensation
  • Matt's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Matt's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Church & Dwight management team in years:

3.3
Average Tenure
54.5
Average Age
  • The tenure for the Church & Dwight management team is about average.
Management Team

Matt Farrell

TITLE
President
COMPENSATION
$7M
AGE
62
TENURE
3.3 yrs

Rick Dierker

TITLE
CFO & Executive VP
COMPENSATION
$2M
AGE
38
TENURE
3.3 yrs

Patrick de Maynadier

TITLE
Executive VP
COMPENSATION
$2M
AGE
58
TENURE
7.4 yrs

Britta Bomhard

TITLE
Executive VP & Chief Marketing Officer
COMPENSATION
$1M
AGE
49
TENURE
3.3 yrs

Rick Spann

TITLE
Executive Vice President of Global Operations
AGE
56
TENURE
2 yrs

Steven Katz

TITLE
Chief Accounting Officer
AGE
60
TENURE
12 yrs

Paul Wood

TITLE
Executive Vice President of US Sales
AGE
45
TENURE
0.6 yrs

Judy Zagorski

TITLE
Executive Vice President of Global Human Resources
COMPENSATION
$2M
AGE
54
TENURE
2.3 yrs

Steven Cugine

TITLE
Executive Vice President of International & Global New Products Innovation
COMPENSATION
$2M
AGE
55
TENURE
16.8 yrs

Carlos Linares

TITLE
Executive Vice President of Global R&D
COMPENSATION
$2M
AGE
53
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the Church & Dwight board of directors in years:

11.3
Average Tenure
61.5
Average Age
  • The average tenure for the Church & Dwight board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Matt Farrell

TITLE
President
COMPENSATION
$7M
AGE
62

Dwight Minton

TITLE
Chairman Emeritus
COMPENSATION
$280K
AGE
83
TENURE
18.3 yrs

Jim Craigie

TITLE
Director
COMPENSATION
$412K
AGE
64
TENURE
14.8 yrs

Ravi Saligram

TITLE
Independent Director
COMPENSATION
$240K
AGE
61
TENURE
12.8 yrs

Bob Shearer

TITLE
Independent Director
COMPENSATION
$258K
AGE
66
TENURE
11.3 yrs

Art Winkleblack

TITLE
Independent Director
COMPENSATION
$255K
AGE
60
TENURE
11.3 yrs

Robert LeBlanc

TITLE
Lead Independent Director
COMPENSATION
$272K
AGE
65
TENURE
9.3 yrs

Brad Irwin

TITLE
Independent Director
COMPENSATION
$240K
AGE
56
TENURE
12.5 yrs

Penry Price

TITLE
Independent Director
COMPENSATION
$240K
AGE
49
TENURE
7.5 yrs

Janet Vergis

TITLE
Independent Director
COMPENSATION
$240K
AGE
50
TENURE
5.3 yrs
Who owns this company?
Recent Insider Trading
  • Church & Dwight insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
07. May 19 Sell Arthur Winkleblack Individual 06. May 19 06. May 19 -48,000 $73.80 $-3,513,280
20. Aug 18 Sell Louis Tursi Individual 17. Aug 18 17. Aug 18 -28,000 $57.06 $-1,597,371
X
Management checks
We assess Church & Dwight's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Church & Dwight has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Calculating The Fair Value Of Church & Dwight Co., Inc. (NYSE:CHD)

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $830.42 $800.57 $826.93 $852.47 $877.89 $903.40 $929.17 $955.34 $981.99 $1.01k Growth Rate Estimate Source Analyst x6 Analyst x6 Analyst x3 Est @ 3.09% Est @ 2.98% Est @ 2.91% Est @ 2.85% Est @ 2.82% Est @ 2.79% Est @ 2.77% Present Value ($, Millions) Discounted @ 7.5% $772.49 $692.78 $665.69 $638.38 $611.56 $585.43 $560.13 $535.74 $512.28 $489.76 Present Value of 10-year Cash Flow (PVCF)= $6.06b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 10-year government bond rate of 2.7%. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$1.0b × (1 + 2.7%) ÷ (7.5% – 2.7%) = US$22b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$22b ÷ ( 1 + 7.5%)10 = $10.55b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $16.62b.

Simply Wall St -

What Kind Of Investor Owns Most Of Church & Dwight Co., Inc. (NYSE:CHD)?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Companies that used to be publicly owned tend to have lower insider ownership. … Companies of this size are usually well known to retail investors, too.

Simply Wall St -

Will Church & Dwight Co., Inc.'s (NYSE:CHD) Earnings Grow In The Next 12 Months?

After Church & Dwight Co., Inc.'s (NYSE:CHD) earnings announcement in December 2018,. … with earnings expected to grow by 8.4% in the upcoming year … the higher past 5-year average growth rate of 15%

Simply Wall St -

Shareholders Are Loving Church & Dwight Co., Inc.'s (NYSE:CHD) 1.2% Yield

Dividend paying stocks like Church & Dwight Co., Inc. … Some simple analysis can offer a lot of insight when buying a company for its dividend, and we'll go through these below. … NYSE:CHD Historical Dividend Yield, April 17th 2019

Simply Wall St -

Church & Dwight Co., Inc. (NYSE:CHD): Poised For Long-Term Success?

In December 2018, Church & Dwight Co., Inc. … (NYSE:CHD) released its latest earnings announcement, whicha … signalled

Simply Wall St -

Have Insiders Been Selling Church & Dwight Co., Inc. (NYSE:CHD) Shares?

That means that even when the share price was below the current price of US$68.01, an insider wanted to cash in some shares. … Over the last year we saw more insider selling of Church & Dwight shares, than buying … It's not too encouraging to see that insiders have sold at below the current price

Simply Wall St -

Did You Miss Church & Dwight's (NYSE:CHD) 93% Share Price Gain?

One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Over half a decade, Church & Dwight managed to grow its earnings per share at 10% a year. … It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years

Simply Wall St -

What Investors Should Know About Church & Dwight Co., Inc.'s (NYSE:CHD) Financial Strength

Church & Dwight Co., Inc. … I will provide an overview of Church & Dwight’s financial liquidity and leverage to give you an idea of Church & Dwight’s position to take advantage of potential acquisitions or comfortably endure future downturns. … View our latest analysis for Church & Dwight

Simply Wall St -

Don't Sell Church & Dwight Co., Inc. (NYSE:CHD) Before You Read This

Based on the last twelve months, Church & Dwight's P/E ratio is 27.93. … How Do You Calculate Church & Dwight's P/E Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Church & Dwight Co., Inc. (NYSE:CHD) Investors Are Paying Above The Intrinsic Value

by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model … If you are reading this and its not January 2019 then I highly recommend you check out the latest calculation for Church & Dwight by following the link below

Simply Wall St -

Company Info

Description

Church & Dwight Co., Inc. develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers baking soda, cat litter, carpet deodorization, and laundry detergent under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergent, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH; and home pregnancy and ovulation test kits under the FIRST RESPONSE brand. It also provides depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergent under the XTRA brand; gummy dietary supplements under the L’IL CRITTERS and VITAFUSION brand; dry shampoos under the BATISTE brand; and water flossers and replacement showerheads under the WATERPIK brand. In addition, the company offers 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. Further, it provides sodium bicarbonate for use in industrial markets; and cleaning and deodorizing products for office buildings, hotels, restaurants, and other facilities. The company 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. Church & Dwight Co., Inc. was founded in 1846 and is headquartered in Ewing, New Jersey.

Details
Name: Church & Dwight Co., Inc.
CHD
Exchange: NYSE
Founded: 1846
$18,395,027,690
246,219,083
Website: http://www.churchdwight.com
Address: Church & Dwight Co., Inc.
Princeton South Corporate Center,
500 Charles Ewing Boulevard,
Ewing,
New Jersey, 08628,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CHD Common Stock New York Stock Exchange US USD 06. Jan 1975
DB CXU Common Stock Deutsche Boerse AG DE EUR 06. Jan 1975
LSE 0R13 Common Stock London Stock Exchange GB USD 06. Jan 1975
SWX CHD Common Stock SIX Swiss Exchange CH CHF 06. Jan 1975
WBAG CHD Common Stock Wiener Boerse AG AT EUR 06. Jan 1975
BMV CHD * Common Stock Bolsa Mexicana de Valores MX MXN 06. Jan 1975
BOVESPA CHDC34 BDR EACH REP 1 COM USD1.00 Bolsa de Valores de Sao Paulo BR BRL 17. May 2019
Number of employees
Current staff
Staff numbers
4,700
Church & Dwight employees.
Industry
Household Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 23:34
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/23
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.