# Dow (DOW) Forecast Calculator

Interactive five-year financial forecast and DCF for Dow. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/dow/forecast
- Industry: Materials
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 42951000000 | 3969000000 | 1691000000 | -1272000000 |
| 2022 | 38542000000 | 4974000000 | 4945000000 | 1294000000 |
| 2023 | 54968000000 | 5508000000 | 10987000000 | 6405000000 |
| 2024 | 56902000000 | 5652000000 | 8848000000 | 4640000000 |
| 2025 | 44622000000 | 2840000000 | 3267000000 | 660000000 |

## Frequently asked questions

### What kind of products does Dow Inc. produce?

Dow Inc. is a global materials science company that produces plastics, chemicals, and agricultural products. These products are used in various applications such as packaging, infrastructure, mobility, and consumer goods.

### How does Dow Inc. generate its revenue across different segments?

Dow Inc. generates revenue primarily through its Packaging & Specialty Plastics (approximately 51%), Industrial Intermediates & Infrastructure (approximately 28%), and Performance Materials & Coatings (approximately 20%) segments. The company's business model is highly asset-heavy and cyclical, relying on large-scale chemical production.

### What is Dow Inc.'s typical capital expenditure as a percentage of revenue?

Dow Inc. typically invests 5% to 7% of its revenue in capital expenditures. Approximately 60% of this capex is for maintenance and turnarounds, while 40% is allocated to growth and sustainability initiatives.

### What are some key financial assumptions used in the Dow Inc. financial model?

The financial model for Dow Inc. assumes a revenue growth rate of approximately 0.96% and COGS as a percentage of revenue around 85.25%. Other key assumptions include SGA at 3.42% and D&A at 6.03% of revenue.

### What is the purpose of the financial model for Dow Inc.?

The financial model provides a full three-statement forecast and discounted cash flow (DCF) valuation for Dow Inc. Its purpose is to help an equity analyst determine the intrinsic value of the company across various macroeconomic and commodity cycle scenarios.

### Is an Excel financial model available for Dow Inc. and what is its forecast horizon?

Yes, a downloadable Excel financial model is available for Dow Inc. This model provides a forecast horizon covering fiscal years 2026 through 2030.