Church & Dwight Co. Inc. /DE/ (CHD) intrinsic value & 10-year financials

Church & Dwight Co. Inc. /DE/ (CHD) has a Graham intrinsic value of $54.72 per share. At $104.53 on Oct 17, 2026, the stock trades 91% above that value. Over the last 10 fiscal years revenue grew 6.6% a year to $6.2B, with an average return on invested capital of 14.8%.

Graham intrinsic value
$54.72
Share price (Oct 17, 2026)
$104.53
Price vs Graham value
91% above
Market cap
$25.5B
Revenue (FY2025)
$6.2B
Revenue growth (10-yr CAGR)
6.6%
ROIC (10-yr avg)
14.8%
Free cash flow (FY2025)
$1.1B

CHD 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $6.2B $736.8M $3.02 $1.1B 17.4% 14.2%
FY2024 $6.1B $585.3M $2.37 $976.4M 13.2% 10.5%
FY2023 $5.9B $755.6M $3.05 $807.1M 18.0% 13.7%
FY2022 $5.4B $413.9M $1.68 $706.4M 11.1% 7.9%
FY2021 $5.2B $827.5M $3.32 $875.0M 20.8% 15.9%
FY2020 $4.9B $785.9M $3.12 $891.4M 21.0% 17.9%
FY2019 $4.4B $615.9M $2.44 $790.8M 19.3% 15.4%
FY2018 $4.1B $568.6M $2.27 $703.2M 19.1% 15.1%
FY2017 $3.8B $743.4M $2.90 $636.5M 19.4% 21.1%
FY2016 $3.5B $459.0M $1.75 $605.5M 20.7% 16.2%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Church & Dwight has demonstrated mature, steady growth, with revenue compounding at 6.6% annually over the past decade.

Church & Dwight returns on capital have been average, hovering around 14.8% ROIC over the decade.

Over the decade, Church & Dwight shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Church & Dwight is modeled at 6.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $54.72 per share.

CHD stock: frequently asked questions

What is the intrinsic value of Church & Dwight Co. Inc. /DE/ (CHD) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 6.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CHD's intrinsic value is about $54.72 per share.

Is CHD stock undervalued?

At $104.53 (close on Oct 17, 2026), CHD trades 91% above its Graham value of $54.72. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Church & Dwight Co. Inc. /DE/ grown?

Revenue went from $3.5B in fiscal 2016 to $6.2B in fiscal 2025, a compound annual growth rate of 6.6%. Net income was $736.8M in fiscal 2025.

Does Church & Dwight Co. Inc. /DE/ generate free cash flow?

Church & Dwight Co. Inc. /DE/ generated $1.1B of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is CHD's return on invested capital?

Average ROIC over the last 10 fiscal years was 14.8%, and average return on equity was 22.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CHD data come from?

From Church & Dwight Co. Inc. /DE/'s annual 10-K filings on SEC EDGAR, most recently filed Jul 31, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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