DuPont de Nemours, Inc. (DD) 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

-63.2%

$52.28

vs $141.94 price

Levered DCF

$27.93

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

0.64

Distress zone

Rating

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	-21.5×	18.99×	34.24×	2.47×	2.84×	-7.42×	40.09×	6.39×
P/B	1.21×	0.57×	0.6×	0.54×	0.69×	0.57×	0.49×	0.26×
P/S	2.45×	1.08×	1.2×	1.1×	1.46×	1.53×	0.93×	1.08×
EV / EBITDA	16.57×	6.79×	9.72×	6.09×	8.95×	-175.99×	16.15×	10.09×
Gross margin	30.3%	31.6%	30.1%	30.9%	32.1%	30.4%	29.8%	27.7%
Operating margin	12.6%	14.8%	14.2%	15.5%	14.9%	14.2%	13.0%	9.5%
Net margin	-11.4%	5.7%	3.5%	45.1%	51.5%	-20.6%	2.3%	16.9%
Current ratio	2.42×	1.33×	2.43×	3.02×	2.9×	2.37×	1.2×	1.73×
Debt / equity	0.23×	0.31×	0.32×	0.3×	0.42×	0.42×	0.44×	0.13×
Interest coverage	2.75×	5×	4.34×	4.11×	3.56×	3.03×	4.18×	39.09×
Dividend yield	3.6%	4.7%	4.5%	4.6%	3.4%	4.0%	8.0%	14.3%
Payout ratio	-76.6%	90.3%	153.9%	11.1%	9.7%	-29.9%	324.1%	91.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-5.6%	3.0%	1.7%	22.1%	24.5%	-7.7%	1.2%	4.1%
Return on invested capital	2.2%	3.5%	4.8%	3.9%	3.8%	3.5%	4.3%	1.3%
Return on assets	-3.6%	1.9%	1.1%	14.2%	14.1%	-4.2%	0.7%	2.0%
Free cash flow yield	6.4%	9.5%	10.9%	-1.1%	7.6%	13.3%	-5.3%	3.8%
Earnings yield	-4.6%	5.3%	2.9%	41.0%	35.3%	-13.5%	2.5%	15.7%
Enterprise value	$19.2B	$18.7B	$19.9B	$18.7B	$27.6B	$35.4B	$36.5B	$28.5B
Net debt / EBITDA	2.1×	1.93×	2.64×	1.43×	3×	-67.13×	7.28×	1.45×
Cash conversion cycle (days)	102	82	92	80	62	68	99	88