DuPont de Nemours, Inc.DDNYSE
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Executive Summary
Latest Data: Dec 2025Basic Materials•Chemicals - Specialty
$21.0BLarge Cap
A mid-sized company, currently unprofitable with revenues declining
Key Investment Themes
Declining revenues (-45%)
Currently unprofitable (-$779M net loss)
Strong cash generation (16% FCF margin)
Business Narrative
DuPont de Nemours, Inc. provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection.
Basic MaterialsChemicals - Specialty
Cyclical
high confidence
Revenue Mix
Single segment business
Bull Case
- +Strong cash generation funds reinvestment and shareholder returns
Bear Case
- -Declining revenues signal potential market share erosion
- -Unprofitable operations require a clear path to breakeven
Company at a Glance
Business Performance
Key Highlights
Positive Signals
- Conservative balance sheet with low debt levels
- Strong liquidity position with ample current assets
Watch Areas
- Revenue declining year-over-year
- Company currently operating at a loss
Financial Health
Liquidity
Strong
Current Ratio2.42
≥2.0 = Excellent
Cash & Equivalents$757M
Leverage
Watch
Debt / Equity0.23
<1.0 = Low leverage
Interest Coverage2.75x
2-5x = Adequate
Efficiency
Concern
Return on Equity-5.6%
<8% = Weak
Return on Capital2.2%
<8% = Weak
Valuation Assessment
Market Cap
$21.0B
Large Cap
P/E (TTM)
-26.7x
N/A
P/S (TTM)
3.1x
In-line
vs 5Y avg: 1.5x (+111%)
EV/EBITDA
20.2x
Elevated
vs 5Y avg: 9.6x
(+110%)
(+110%)
P/E Historical Range (5Y)
Min: 2.4xAvg: 14.6xNow: -26.7xMax: 34.2x
P/S Historical Range (5Y)
Min: 1.1xAvg: 1.5xNow: 3.1xMax: 2.5x
EV/EBITDA Historical Range (5Y)
Min: 6.1xAvg: 9.6xNow: 20.2xMax: 16.6x
Valuation Corridor
CHEAP
FCF Yield
5.1%
vs Cost of Capital ~8.0% = Strong
P/S Corridor (5Y)3.1x
1.1xFair: 1.1x-2.0x2.5x
EV/EBITDA Corridor (5Y)20.2x
6.1xFair: 6.1x-13.8x16.6x
Detailed Financials
Comprehensive financial statement data for deep analysis
| Metric | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 |
|---|---|---|---|---|---|
| Return on Equity | - | - | - | - | - |
| Return on Invested Capital | - | - | - | - | - |
| Gross Margin | 32.1% | 30.9%↓3.6% | 30.1%↓2.6% | 31.6%↑4.9% | 30.3%↓4.2% |
| Operating Margin | 14.9% | 15.5%↑4.4% | 14.2%↓8.4% | 14.8%↑3.8% | 12.6%↓15.0% |
| Net Margin | 51.5% | 45.1%↓12.4% | 3.5%↓92.2% | 5.7%↑61.9% | -11.4%↓300.4% |
| Earnings Yield | - | - | - | - | - |
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