Church & Dwight

Financial Performance

5Y price score: 25

10Y return: 120.9%

DATE RANGE:

US$ Per
Share

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81.3

52-week range

106.0

101.32

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Required return / cost of capital

FCFF terminal growth rate

Your fair value & Margin of safety

To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

Forecast:

Valuation

Free Cash Flow Yield

4.6 %

Dividend Yield TTM

1.2 %

Market cap $

$ 24,007

Price / Earnings TTM

32.7

Price / Book TTM

5.5

PEG TTM

1.2

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

9.4 %

25.5 %

120.9 %

Free cash flow per share growth

13.1 %

26.6 %

119.6 %

Earnings per share growth

27.4 %

(3.2) %

96.1 %

Founded: 1,847

Employees: 5,750

Business Summary:Church & Dwight Co., Inc. is a company dedicated to the creation, production, and marketing of a diverse portfolio encompassing household, personal care, and specialized industrial goods. Its operations are structured into three principal divisions: Consumer Domestic, Consumer International, and the Specialty Products Division. The company offers a broad array of well-known consumer brands. Under the ARM & HAMMER umbrella, it provides cat litters, carpet fresheners, laundry detergents, baking soda, and various other baking soda-based items. Sexual health products, including condoms, lubricants, and vibrators, are marketed under the TROJAN brand. OXICLEAN delivers stain removers, cleaning solutions, laundry detergents, and bleach alternatives. SPINBRUSH offers both battery-operated and manual toothbrushes. Home pregnancy and ovulation test kits are available through FIRST RESPONSE. NAIR specializes in depilatories, while ORAJEL provides oral pain relief. XTRA is another prominent laundry detergent brand. Gummy dietary supplements are sold under the L'IL CRITTERS and VITAFUSION labels. BATISTE is known for its dry shampoos. WATERPIK manufactures water flossers and replacement showerheads. The company also includes its FLAWLESS range of products, ZICAM for cold symptom relief, and THERABREATH for oral care. Beyond consumer items, Church & Dwight supplies specialty products. These include advanced animal productivity solutions such as MEGALAC, a rumen bypass fat supplement designed to help cows sustain energy during peak milk production. BIO-CHLOR and FERMENTEN are utilized to mitigate health issues linked to calving and to provide essential protein. CELMANAX is a refined functional carbohydrate and yeast-based prebiotic. Furthermore, the company furnishes sodium bicarbonate for industrial use, as well as various cleaning and deodorizing compounds. Church & Dwight distributes its consumer goods through an extensive network of retail outlets, including supermarkets, large department stores, wholesale clubs, drugstores, convenience stores, home goods stores, dollar and other discount retailers, pet stores, specialized shops, and various online e-commerce channels. Its specialty products, conversely, reach industrial clients and livestock producers via dedicated distributors. Founded in 1846, Church & Dwight Co., Inc. maintains its corporate headquarters in Ewing, New Jersey.

Fair Value Reference Estimate

Latest Earnings Call Takeaways

2026 Q2 (Jul 31, 2026)

1) Strategy & Leadership
- Church & Dwight reported a strong Q2 2026, with CEO Rick Dierker highlighting the company's ability to outperform expectations despite a challenging environment.
- The company is focused on innovation and high-quality products, which have contributed to industry-leading organic sales growth.
- The acquisition of MISS MOUTH's, a leading stain remover brand, is expected to drive significant growth, with initial sales showing over 50% consumption growth since acquisition.

2) Financial & Segment Results
- Net sales increased by 1.6%, while organic sales grew by 5.8%, significantly above the expected 3%.
- Adjusted gross margin improved to 45.4%, up 40 basis points YoY, and adjusted EPS was $0.89, exceeding the outlook of $0.88.
- Domestic organic sales rose 5.1%, driven by strong performance in household and personal care segments, particularly from brands like THERABREATH and ARM & HAMMER.
- International sales grew 9.1%, with strong contributions from HERO and THERABREATH brands.

3) Problems / Headwinds
- The company faced inflationary pressures, particularly related to raw materials and transportation costs, which impacted gross margins by 400 basis points.
- Despite maintaining share in a competitive promotional environment, Church & Dwight noted that some competitors increased promotional activity significantly, which could affect future pricing strategies.

4) Operational or Product Plans
- Church & Dwight plans to continue investing in marketing, expecting marketing expenses to be at or above 11% of sales to support growth initiatives.
- New product launches are anticipated to contribute to about 50% of organic growth, with a focus on expanding the THERABREATH and HERO brands internationally.
- The company is optimistic about the future, with plans for further international M&A and innovation in existing categories.

5) Guidance & Outlook / Investor Angle
- The company raised its full-year organic sales growth outlook to 4% to 5%, up from 3% to 4%, and adjusted EPS growth outlook to 6% to 8%.
- Cash flow from operations is expected to reach approximately $1.175 billion, up from $1.15 billion.
- The management expressed confidence in the company's ability to navigate the current macroeconomic challenges and continue delivering strong results.

Bottom line: Church & Dwight's strong Q2 performance, driven by innovation and strategic acquisitions, positions the company favorably for continued growth despite inflationary pressures and competitive challenges. The raised guidance reflects confidence in operational fundamentals and market share expansion.

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