Church & Dwight Co., Inc. (CHD) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-6.7%

$102.81

vs $110.14 price

Levered DCF

$143.76

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

5.24

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	27.58×	43.81×	30.6×	47.42×	30.33×	27.43×	28.14×	28.34×
P/B	5.08×	5.93×	6.01×	5.61×	7.76×	7.13×	6.49×	6.58×
P/S	3.28×	4.23×	3.95×	3.64×	4.84×	4.4×	3.97×	3.89×
EV / EBITDA	17.04×	25.03×	19.5×	26.63×	21.14×	19.36×	18.94×	19.08×
Gross margin	44.7%	45.7%	44.1%	41.9%	43.6%	45.2%	45.5%	44.4%
Operating margin	17.4%	13.2%	18.0%	11.1%	20.8%	21.0%	19.3%	19.1%
Net margin	11.9%	9.6%	12.9%	7.7%	15.9%	16.1%	14.1%	13.7%
Current ratio	1.07×	1.7×	1.08×	1.18×	0.59×	0.8×	0.88×	0.81×
Debt / equity	0.55×	0.55×	0.68×	0.82×	0.85×	0.78×	0.83×	0.86×
Interest coverage	11.32×	8.5×	9.53×	6.67×	19.8×	16.88×	11.42×	9.97×
Dividend yield	1.4%	1.1%	1.2%	1.3%	1.0%	1.1%	1.3%	1.3%
Payout ratio	39.0%	47.3%	35.3%	61.6%	29.9%	30.2%	36.4%	37.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	18.4%	13.4%	19.6%	11.9%	25.6%	26.0%	23.1%	23.2%
Return on invested capital	11.2%	8.2%	11.2%	6.5%	12.5%	13.0%	11.5%	11.7%
Return on assets	8.3%	6.6%	8.8%	5.0%	10.3%	10.6%	9.3%	9.4%
Free cash flow yield	5.4%	3.8%	3.5%	3.6%	3.5%	4.1%	4.6%	4.4%
Earnings yield	3.6%	2.3%	3.3%	2.1%	3.3%	3.7%	3.6%	3.5%
Enterprise value	$22.1B	$27.3B	$25.4B	$22.2B	$27.6B	$23.7B	$19.4B	$17.9B
Net debt / EBITDA	1.38×	1.32×	1.73×	3.1×	1.91×	1.78×	2.02×	1.9×
Cash conversion cycle (days)	14	26	31	26	13	17	21	23