Dow Inc (DOW) is fairly valued and Huntsman Corp (HUN) is undervalued.
Against our estimates of intrinsic value, HUN trades at the wider discount: a margin of safety of +57%, against +2% for DOW.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 6.6% (average of 2 methods) values the shares at $28.70; the price of $28.20 is 2% below that value, and 84% of that value comes from beyond year five.
Leak Score 21/100 on 7 of 12 signals
Its through-the-cycle earnings (7.0% median margin), capitalised at 7.6% with no growth, values the shares at $20.99; the price of $9.05 is 57% below that value.
Leak Score 56/100 on 8 of 12 signals
| Metric | DOW | HUN |
|---|---|---|
| Verdict | Fairly valued | Undervalued |
| Price | $28.20 | $9.05 |
| Intrinsic value | $28.70 | $20.99 |
| Margin of safety | +2% | +57% |
| Leak Score | 21/100 (7/12) | 56/100 (8/12) |
| Market cap | $20.4B | $1.6B |
| Revenue growth, 5 years | 0.7% | -1.1% |
| Operating margin | 3.6% | -0.1% |
| Net margin | -3.2% | -2.9% |
| Return on equity | -7.9% | -6.1% |
| Debt to equity | 1.22 | 0.93 |
| Forward P/E | 17.3x | 82.2x |
| P/B | 1.3x | 0.6x |
| Dividend yield | 4.9% | 4.2% |