One reason for Church & Dwight’s success is its broad product portfolio, which includes everyday goods that enjoy constant demand and benefit from many applications. The strengths of Church & Dwight’s business model The “Specialty Cleaners” segment comprises cleaning products used for industrial or commercial applications, for example, in hotels, restaurants, or other facilities such as office buildings. Church & Dwight’s customers use it to manufacture products such as acid protection agents in the pharmaceutical sector or so-called carbon dioxide release agents in fire extinguishers. The “Specialty Chemicals” division comprises the production of potassium carbonate. In the “Animal and Food Production Products” business unit, Church & Dwight markets a broad product portfolio of nutritional supplements, prebiotics, and probiotics for livestock, which are used in particular milk production.
Those are “Animal and Food Production Products”, “Specialty Chemicals” and “Specialty Cleaners”. It is also divided into further sub-segments. The “Specialty Products” segment is relatively small. The breakdown of Church & Dwight’s international sales, source: Investor presentation The “Specialty Products” segment The largest market apart from the USA is Canada, with a 29 percent share of sales, followed by Europe (23 percent), Australia (8 percent), and Mexico (7 percent).
In total, Church & Dwight supplies its products to 130 countries. With 6 percent growth in 2020, it made a disproportionately high contribution to the organic growth of 3 percent. The “Consumer International” segment bundles Church & Dwight’s international business, which most recently accounted for 17 percent of total sales. You can find a comprehensive overview of all products and brands on the homepage of Church & Dwight The “Consumer International” segment The segment’s product range also includes the brands Spinbrush (toothbrushes), Waterpik and Orajel (mouthwash and oral care products), Xtra (laundry detergents), bathroom cleaners (OxiClean), First Response (pregnancy and ovulation tests), the depilatory brands Nair, Flawless, Finishing Touch, Trojan (condoms), and Vitafusion and Zicam (nutritional supplements). Particularly well known is the ARM & HAMMER brand with its catchy logo, under which Church & Dwight markets numerous baking powder-based products. You’ll find it, for example, in neutralizing odors (as so-called deodorizers) in refrigerators and freezers, as a cleaner for kitchen and cooking appliances, as a bath additive, a dentifrice, a deodorizer in animal husbandry (keyword cat litter), and as a pH stabilizer for swimming pools. Within this segment, household products are responsible for 54 percent, and personal care products for 46 percent of segment sales.Ĭhurch & Dwight still owes a large part of its sales to the versatile applications of baking powder. domestic market and accounts for 42 percent of total sales. The “Consumer Domestic” segment comprises household and personal care products sold in the U.S. Revenue by segment at Church & Dwight The „Consumer Domestic“ segment Church & Dwight divides its business into the three segments “Consumer Domestic”, “Consumer International” and “Consumer International”, whereby the segments are sometimes broken down into further sub-segments, and you can find individual brands in several segments at the same time. While in the early decades baking powder was sent by mail, today a wide range of products is sold, and the company has reached a market capitalization of almost USD 17 billion. The business model: How Church & Dwight generates moneyĬhurch & Dwight is a manufacturer of household and personal care products founded in 1846. In this analysis, we take a look at what the recent price losses are all about and whether you are currently catching a good entry point to profit from long-term rising dividends and profits with Church & Dwight. Accordingly, many investors are asking themselves whether the Church & Dwight stock is a bargain now. However, the stock has recently lost momentum and is trading around 15 percent below the all-time high of about USD 96.
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