Report
Seth Goldstein, CFA
EUR 101.80 For Business Accounts Only

DowDuPont's completed merger should add value to shareholders.

DowDuPont reported solid fourth-quarter earnings in the company’s first full quarter after the merger. Operating EBITDA grew 24% year on year to $3.9 billion on a pro forma basis, as profits were boosted by operating leverage from higher volumes across all segments. We’re increasing our fair value estimate to $54 per share from $52 due to our expectation for slightly higher cost-saving synergies as a result of the merger. Our narrow moat rating is unchanged.
In the DowDuPont’s earnings release, ...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Goldstein, CFA

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