DD
DuPont de Nemours Inc
Industrial/Transportation
09/28/2020
Presented
| Date | 09/22/2020 |
| Price | $55.76 |
| Market Cap | $40.92B |
| Ent Value | $55.56B |
| P/E Ratio | N/A |
| Book Value | $50.43 |
| Div Yield | 2.15% |
| Shares O/S | 733.83M |
| Ave Daily Vol | 4,193,719 |
| Short Int | 0.98% |
Current
| Price | $84.71 |
| Market Cap | $35.37B |
| DuPont de Nemours, Inc. operates as a holding company, which engages in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Imaging; Nutrition & Biosciences; Transportation & Industrial; Safety & Construction, and Non-Core. The Electronics & Imaging segment provides permanent and process chemistries for the fabrication of printed circuit boards to include laminates and substrates, electroless and electrolytic metallization solutions, as well as patterning solutions and materials and innovative metallization processes for metal finishing, decorative, and industrial applications. The Nutrition & Biosciences segment provides solutions for the global food and beverage, dietary supplements, pharma, home and personal care, energy and animal nutrition markets. The Transportation & Industrial segment engineering resins, adhesives, silicones, lubricants and parts to engineers and designers in the transportation, electronics, healthcare, industrial and consumer end-markets to enable systems solutions for demanding applications and environments. The Safety & Construction segment provides engineering products and integrated systems for a number of industries including, worker safety, water purification and separation, aerospace, energy, medical packaging and building materials. The Non-Core segment supplier of key materials for the manufacturing of photovoltaic cells and panels, including SOLAMET metallization pastes, TEDLAR backsheet materials, and FORTASUN silicone encapsulants and adhesives. The company was founded in 1897 and is headquartered in Wilmington, DE. |
Publicly traded companies mentioned herein: Corteva Inc (CTVA), Dow Inc (DOW), DuPont de Nemours Inc (DD), International Flavors & Fragrances Inc (IFF)
Highlights
The presenter is long the DuPont de Nemours Inc (DD) stub. In December 2019, DD announced they were selling the N&B business to International Flavors & Fragrances (IFF) with the deal expected to close in Q1’2021. He believes the DD stub is mispriced because you can’t create the business unless you short 40% of IFF stock. The actual DD stock trades at $55/share, while he values the DD stub at $32.
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