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1. Company Snapshot

1.a. Company Description

Church & Dwight Co., Inc.develops, manufactures, and markets household, personal care, and specialty products.It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division.


The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.Its specialty products include animal productivity products, such as MEGALAC rumen bypass fat, a supplement that enables cows to maintain energy levels during the period of high milk production; BIO-CHLOR and FERMENTEN, which are used to reduce health issues associated with calving, as well as provides needed protein; and CELMANAX refined functional carbohydrate, a yeast-based prebiotic.The company offers sodium bicarbonate; and cleaning and deodorizing products.


It 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.The company was founded in 1846 and is headquartered in Ewing, New Jersey.

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1.b. Last Insights on CHD

Church & Dwight's recent performance faced negative drivers, including a cautious outlook from Seascape Capital Management, which liquidated $3.7 million of its position, citing a 1.05% change in its 13F assets under management. Despite beating earnings estimates with Q3 2025 earnings of $0.81 per share, up from $0.79 a year ago, and reporting a 5.0% increase in net sales to $1,585.6 million, the company's growth was partially driven by acquisitions. Bessemer Group Inc. increased its holdings by 56.2%, however.

1.c. Company Highlights

2. Church & Dwight's Q3 2025 Earnings: Strong Performance Amidst Volatility

Church & Dwight reported robust Q3 2025 results, with organic sales growth of 3.4%, exceeding their outlook of 1% to 2%. Adjusted EPS was $0.81, surpassing expectations of $0.73. The company's adjusted gross margin was up 10 basis points, also beating their outlook. Revenue was up 5%, driven by a combination of higher volume, price, and mix. The company's strong cash flow from operations increased 19.6% versus last year to $435.5 million.

Publication Date: Nov -09

📋 Highlights
  • Q3 Organic Sales Growth:: Achieved 3.4% growth, surpassing the 1%–2% outlook, driven by strong brand performance and market share gains.
  • Adjusted EPS Outperformance:: Delivered $0.81 adjusted EPS, exceeding the $0.72 outlook and up 2.5% YoY, reflecting margin and volume improvements.
  • TOUCHLAND Acquisition Impact:: Acquired #2 U.S. hand sanitizer brand with ~7% household penetration, contributing to growth and portfolio diversification.
  • THERABREATH Surge:: Brand grew 17% in Q3, reinforcing leadership in oral care and acne categories, with new product pipelines in development.
  • Strong Cash Flow & Share Buybacks:: Generated $435.5M cash flow from operations (+19.6% YoY) and repurchased $600M shares in 2025, leveraging a robust balance sheet.

Segment Performance

The company's brands are performing well, with ARM & HAMMER growing 5% despite a challenging promotional environment in the Litter category. TOUCHLAND, a recent acquisition, is the fastest-growing brand in the hand sanitizer category in the U.S. THERABREATH continues to perform extremely well, growing 17% in Q3. The national business delivered sales growth of 8.4% in the quarter, with organic sales increasing 7.7% due to a combination of higher volume, price, and mix.

Outlook and Guidance

The company has improved its full-year organic growth outlook to 1%, the midpoint of their prior range. They expect full-year adjusted EPS growth for 2025 to be $3.49, or $0.02 higher than their previous outlook. For Q4, they expect reported sales growth of approximately 3.5% and an organic sales growth of approximately 1.5%. Analysts estimate next year's revenue growth at 3.9%.

Valuation

With a P/E Ratio of 27.1, P/B Ratio of 5.02, and P/S Ratio of 3.46, the company's valuation multiples indicate a premium relative to its peers. The company's ROIC of 10.7% and ROE of 17.86% suggest a strong ability to generate returns on invested capital and equity. The Net Debt / EBITDA ratio of 1.42 indicates a manageable debt burden.

Management's Strategy

As Lee McChesney mentioned, the company is focused on M&A, with a quality balance sheet, strong cash flow, and is excited about growth behind TOUCHLAND internationally. The company is also prioritizing innovation, marketing, and driving share gains, while exploring options for their vitamin business and right-sizing the business. Richard Dierker stated that the company is agnostic on categories but is laser-focused on personal care and functional beauty.

3. NewsRoom

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4 Consumer Product Stocks to Watch as the Market Resets for 2026

Dec -04

Source: zacks.com

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Groupe la Francaise Increases Stock Position in Church & Dwight Co., Inc. $CHD

Dec -04

Source: defenseworld.net

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Procter & Gamble vs. Church & Dwight: Which Household Stock Outshines?

Nov -26

Source: zacks.com

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Advisors Asset Management Inc. Has $7.90 Million Position in Church & Dwight Co., Inc. $CHD

Nov -26

Source: defenseworld.net

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Candriam S.C.A. Lowers Stock Position in Church & Dwight Co., Inc. $CHD

Nov -18

Source: defenseworld.net

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Church & Dwight: Hammered Down As Expected, Upgrading To Hold

Nov -15

Source: seekingalpha.com

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Church & Dwight: Valuation Is No Longer Excessive (Upgrade)

Nov -14

Source: seekingalpha.com

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Worried About an AI Bubble? Here Are BofA's Top Stock Picks to Diversify Your Portfolio

Nov -13

Source: investopedia.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (3.91%)

6. Segments

Consumer Domestic

Expected Growth: 4.0%

Church & Dwight's 4.0% growth in Consumer Domestic segment is driven by increasing demand for natural personal care products, expansion of online sales channels, and successful product innovations in the laundry and household care categories, as well as effective marketing campaigns and pricing strategies.

Consumer International

Expected Growth: 3.5%

Church & Dwight's Consumer International segment growth of 3.5% is driven by increasing demand for natural personal care products, expansion in emerging markets, and strategic acquisitions. Additionally, the company's focus on e-commerce and digital marketing has improved brand visibility and reach, contributing to the segment's growth.

Specialty Products

Expected Growth: 3.8%

Church & Dwight's Specialty Products segment growth of 3.8% is driven by increasing demand for water treatment products, growth in the animal and food production markets, and expansion of the company's online presence. Additionally, strategic acquisitions and product innovations in the specialty chemicals and cleaning products categories contribute to the segment's growth.

7. Detailed Products

Arm & Hammer Baking Soda

A natural mineral-based product used for baking, cleaning, and personal care

OxiClean

A powerful cleaning agent used to remove tough stains and odors

Spinbrush

A line of electric toothbrushes and oral care products

Nair

A line of hair removal products for men and women

Batiste

A line of dry shampoo and hair care products

Waterpik

A line of oral care products, including water flossers and sonic toothbrushes

Flawless

A line of hair removal and beauty products

Orajel

A line of oral care products, including toothache relief and mouth sores

8. Church & Dwight Co., Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Church & Dwight Co., Inc. is medium due to the presence of alternative products in the market, but the company's strong brand portfolio and product differentiation mitigate this threat.

Bargaining Power Of Customers

The bargaining power of customers is low for Church & Dwight Co., Inc. due to the company's strong brand recognition and customer loyalty, which reduces the ability of customers to negotiate prices.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium for Church & Dwight Co., Inc. due to the company's dependence on a few key suppliers, but the company's large scale of operations and diversified supply chain mitigate this risk.

Threat Of New Entrants

The threat of new entrants is low for Church & Dwight Co., Inc. due to the high barriers to entry in the consumer goods industry, including significant capital requirements and established distribution networks.

Intensity Of Rivalry

The intensity of rivalry is high for Church & Dwight Co., Inc. due to the competitive nature of the consumer goods industry, with many established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 38.67%
Debt Cost 5.45%
Equity Weight 61.33%
Equity Cost 6.48%
WACC 6.08%
Leverage 63.05%

11. Quality Control: Church & Dwight Co., Inc. passed 5 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Kimberly-Clark

A-Score: 5.6/10

Value: 3.2

Growth: 4.4

Quality: 6.0

Yield: 8.0

Momentum: 2.0

Volatility: 10.0

1-Year Total Return ->

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Procter & Gamble

A-Score: 5.3/10

Value: 2.8

Growth: 4.4

Quality: 7.4

Yield: 5.0

Momentum: 2.0

Volatility: 10.0

1-Year Total Return ->

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Colgate-Palmolive

A-Score: 5.1/10

Value: 3.1

Growth: 4.9

Quality: 6.7

Yield: 5.0

Momentum: 1.0

Volatility: 10.0

1-Year Total Return ->

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Church & Dwight Co

A-Score: 4.7/10

Value: 2.4

Growth: 5.0

Quality: 6.9

Yield: 2.0

Momentum: 2.0

Volatility: 9.7

1-Year Total Return ->

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Kenvue

A-Score: 4.6/10

Value: 4.3

Growth: 3.4

Quality: 6.2

Yield: 8.0

Momentum: 1.5

Volatility: 4.0

1-Year Total Return ->

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Estee Lauder

A-Score: 2.9/10

Value: 3.3

Growth: 1.7

Quality: 2.7

Yield: 2.0

Momentum: 4.0

Volatility: 4.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

84.23$

Current Price

84.23$

Potential

-0.00%

Expected Cash-Flows