Stock Analysis on Net

DuPont de Nemours Inc. (NYSE:DD)

This company has been moved to the archive! The financial data has not been updated since February 14, 2020.

Analysis of Investments

Microsoft Excel

Adjustment to Net Income (Loss): Mark to Market Available-for-sale Securities

DuPont de Nemours Inc., adjustment to net income attributable to DuPont

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net income attributable to DuPont (as reported) 498 3,844 1,460 4,318 7,685
Add: Unrealized gains (losses) on investments 67 (67) (46) (4) (94)
Net income attributable to DuPont (adjusted) 565 3,777 1,414 4,314 7,591

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).


Adjusted Profitability Ratios: Mark to Market Available-for-sale Securities (Summary)

DuPont de Nemours Inc., adjusted profitability ratios

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net Profit Margin
Reported net profit margin 2.31% 4.47% 2.34% 8.97% 15.76%
Adjusted net profit margin 2.63% 4.39% 2.26% 8.96% 15.56%
Return on Equity (ROE)
Reported ROE 1.22% 4.06% 1.46% 16.62% 30.29%
Adjusted ROE 1.38% 3.99% 1.41% 16.60% 29.92%
Return on Assets (ROA)
Reported ROA 0.72% 2.04% 0.76% 5.43% 11.30%
Adjusted ROA 0.81% 2.01% 0.74% 5.43% 11.16%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. DuPont de Nemours Inc. adjusted net profit margin ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. DuPont de Nemours Inc. adjusted ROE improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. DuPont de Nemours Inc. adjusted ROA improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level.

DuPont de Nemours Inc., Profitability Ratios: Reported vs. Adjusted


Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Selected Financial Data (US$ in millions)
Net income attributable to DuPont 498 3,844 1,460 4,318 7,685
Net sales 21,512 85,977 62,484 48,158 48,778
Profitability Ratio
Net profit margin1 2.31% 4.47% 2.34% 8.97% 15.76%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income attributable to DuPont 565 3,777 1,414 4,314 7,591
Net sales 21,512 85,977 62,484 48,158 48,778
Profitability Ratio
Adjusted net profit margin2 2.63% 4.39% 2.26% 8.96% 15.56%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

2019 Calculations

1 Net profit margin = 100 × Net income attributable to DuPont ÷ Net sales
= 100 × 498 ÷ 21,512 = 2.31%

2 Adjusted net profit margin = 100 × Adjusted net income attributable to DuPont ÷ Net sales
= 100 × 565 ÷ 21,512 = 2.63%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. DuPont de Nemours Inc. adjusted net profit margin ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Selected Financial Data (US$ in millions)
Net income attributable to DuPont 498 3,844 1,460 4,318 7,685
Total DuPont stockholders’ equity 40,987 94,571 100,330 25,987 25,374
Profitability Ratio
ROE1 1.22% 4.06% 1.46% 16.62% 30.29%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income attributable to DuPont 565 3,777 1,414 4,314 7,591
Total DuPont stockholders’ equity 40,987 94,571 100,330 25,987 25,374
Profitability Ratio
Adjusted ROE2 1.38% 3.99% 1.41% 16.60% 29.92%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

2019 Calculations

1 ROE = 100 × Net income attributable to DuPont ÷ Total DuPont stockholders’ equity
= 100 × 498 ÷ 40,987 = 1.22%

2 Adjusted ROE = 100 × Adjusted net income attributable to DuPont ÷ Total DuPont stockholders’ equity
= 100 × 565 ÷ 40,987 = 1.38%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. DuPont de Nemours Inc. adjusted ROE improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
As Reported
Selected Financial Data (US$ in millions)
Net income attributable to DuPont 498 3,844 1,460 4,318 7,685
Total assets 69,396 188,030 192,164 79,511 68,026
Profitability Ratio
ROA1 0.72% 2.04% 0.76% 5.43% 11.30%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income attributable to DuPont 565 3,777 1,414 4,314 7,591
Total assets 69,396 188,030 192,164 79,511 68,026
Profitability Ratio
Adjusted ROA2 0.81% 2.01% 0.74% 5.43% 11.16%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

2019 Calculations

1 ROA = 100 × Net income attributable to DuPont ÷ Total assets
= 100 × 498 ÷ 69,396 = 0.72%

2 Adjusted ROA = 100 × Adjusted net income attributable to DuPont ÷ Total assets
= 100 × 565 ÷ 69,396 = 0.81%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. DuPont de Nemours Inc. adjusted ROA improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level.