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3M CO (1MMM.MI) Stock Fundamental Analysis

BIT:1MMM - Euronext Milan - US88579Y1010 - Common Stock - Currency: EUR

129.66  +8.68 (+7.17%)

Fundamental Rating

5

Taking everything into account, 1MMM scores 5 out of 10 in our fundamental rating. 1MMM was compared to 13 industry peers in the Industrial Conglomerates industry. 1MMM scores excellent on profitability, but there are some minor concerns on its financial health. 1MMM is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

In the past year 1MMM was profitable.
In the past year 1MMM had a positive cash flow from operations.
1MMM had positive earnings in 4 of the past 5 years.
1MMM had a positive operating cash flow in each of the past 5 years.
1MMM.MI Yearly Net Income VS EBIT VS OCF VS FCF1MMM.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B

1.2 Ratios

With an excellent Return On Assets value of 10.92%, 1MMM belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
1MMM has a better Return On Equity (97.69%) than 100.00% of its industry peers.
1MMM's Return On Invested Capital of 13.70% is amongst the best of the industry. 1MMM outperforms 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for 1MMM is significantly above the industry average of 5.94%.
The 3 year average ROIC (11.12%) for 1MMM is below the current ROIC(13.70%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 10.92%
ROE 97.69%
ROIC 13.7%
ROA(3y)3.02%
ROA(5y)6.63%
ROE(3y)0.78%
ROE(5y)16.81%
ROIC(3y)11.12%
ROIC(5y)12.9%
1MMM.MI Yearly ROA, ROE, ROIC1MMM.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100 -100

1.3 Margins

1MMM's Profit Margin of 17.79% is amongst the best of the industry. 1MMM outperforms 85.71% of its industry peers.
1MMM's Profit Margin has improved in the last couple of years.
The Operating Margin of 1MMM (20.46%) is better than 92.86% of its industry peers.
1MMM's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 41.21%, 1MMM perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Gross Margin of 1MMM has declined.
Industry RankSector Rank
OM 20.46%
PM (TTM) 17.79%
GM 41.21%
OM growth 3Y-1.29%
OM growth 5Y0.76%
PM growth 3Y0.46%
PM growth 5Y3.85%
GM growth 3Y-4.12%
GM growth 5Y-2.49%
1MMM.MI Yearly Profit, Operating, Gross Margins1MMM.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

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4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so 1MMM is still creating some value.
1MMM has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, 1MMM has less shares outstanding
Compared to 1 year ago, 1MMM has a worse debt to assets ratio.
1MMM.MI Yearly Shares Outstanding1MMM.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
1MMM.MI Yearly Total Debt VS Total Assets1MMM.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

An Altman-Z score of 3.90 indicates that 1MMM is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 3.90, 1MMM belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
A Debt/Equity ratio of 2.76 is on the high side and indicates that 1MMM has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.76, 1MMM is doing worse than 85.71% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.76
Debt/FCF N/A
Altman-Z 3.9
ROIC/WACC1.71
WACC8%
1MMM.MI Yearly LT Debt VS Equity VS FCF1MMM.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.3 Liquidity

A Current Ratio of 1.66 indicates that 1MMM should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.66, 1MMM is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
1MMM has a Quick Ratio of 1.25. This is a normal value and indicates that 1MMM is financially healthy and should not expect problems in meeting its short term obligations.
1MMM has a Quick ratio (1.25) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.66
Quick Ratio 1.25
1MMM.MI Yearly Current Assets VS Current Liabilites1MMM.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

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3

3. Growth

3.1 Past

1MMM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -22.67%.
1MMM shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.72% yearly.
The Revenue for 1MMM has decreased by -20.06% in the past year. This is quite bad
The Revenue has been decreasing by -5.22% on average over the past years.
EPS 1Y (TTM)-22.67%
EPS 3Y-7.61%
EPS 5Y-2.72%
EPS Q2Q%-21.34%
Revenue 1Y (TTM)-20.06%
Revenue growth 3Y-11.42%
Revenue growth 5Y-5.22%
Sales Q2Q%-25.15%

3.2 Future

The Earnings Per Share is expected to grow by 4.70% on average over the next years.
Based on estimates for the next years, 1MMM will show a small growth in Revenue. The Revenue will grow by 3.50% on average per year.
EPS Next Y-2.81%
EPS Next 2Y2.85%
EPS Next 3Y5.18%
EPS Next 5Y4.7%
Revenue Next Year1.46%
Revenue Next 2Y2.22%
Revenue Next 3Y2.59%
Revenue Next 5Y3.5%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
1MMM.MI Yearly Revenue VS Estimates1MMM.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B
1MMM.MI Yearly EPS VS Estimates1MMM.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8 10

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3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 20.29, 1MMM is valued on the expensive side.
The rest of the industry has a similar Price/Earnings ratio as 1MMM.
1MMM is valuated rather cheaply when we compare the Price/Earnings ratio to 27.54, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 17.95, 1MMM is valued on the expensive side.
1MMM's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.44, 1MMM is valued rather cheaply.
Industry RankSector Rank
PE 20.29
Fwd PE 17.95
1MMM.MI Price Earnings VS Forward Price Earnings1MMM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

1MMM's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.99
1MMM.MI Per share data1MMM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

The excellent profitability rating of 1MMM may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.85%
EPS Next 3Y5.18%

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2

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.86%, 1MMM has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.98, 1MMM is paying slightly less dividend.
1MMM's Dividend Yield is slightly below the S&P500 average, which is at 2.35.
Industry RankSector Rank
Dividend Yield 1.86%

5.2 History

The dividend of 1MMM decreases each year by -8.81%.
Dividend Growth(5Y)-8.81%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

35.38% of the earnings are spent on dividend by 1MMM. This is a low number and sustainable payout ratio.
DP35.38%
EPS Next 2Y2.85%
EPS Next 3Y5.18%
1MMM.MI Yearly Income VS Free CF VS Dividend1MMM.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B -4B 6B -6B
1MMM.MI Dividend Payout.1MMM.MI Dividend Payout, showing the Payout Ratio.1MMM.MI Dividend Payout.PayoutRetained Earnings

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3M CO

BIT:1MMM (7/3/2025, 7:00:00 PM)

129.66

+8.68 (+7.17%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)04-22 2025-04-22/bmo
Earnings (Next)07-18 2025-07-18/bmo
Inst Owners73.84%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap69.78B
Analysts75.65
Price Target134.92 (4.06%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.86%
Yearly Dividend3.11
Dividend Growth(5Y)-8.81%
DP35.38%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.75%
Min EPS beat(2)0.09%
Max EPS beat(2)5.42%
EPS beat(4)4
Avg EPS beat(4)5.49%
Min EPS beat(4)0.09%
Max EPS beat(4)13.52%
EPS beat(8)8
Avg EPS beat(8)9.58%
EPS beat(12)11
Avg EPS beat(12)8.28%
EPS beat(16)15
Avg EPS beat(16)9.32%
Revenue beat(2)0
Avg Revenue beat(2)-0.56%
Min Revenue beat(2)-0.6%
Max Revenue beat(2)-0.51%
Revenue beat(4)1
Avg Revenue beat(4)-0.13%
Min Revenue beat(4)-0.8%
Max Revenue beat(4)1.4%
Revenue beat(8)4
Avg Revenue beat(8)0.81%
Revenue beat(12)6
Avg Revenue beat(12)0.9%
Revenue beat(16)8
Avg Revenue beat(16)0.98%
PT rev (1m)9.28%
PT rev (3m)-8.66%
EPS NQ rev (1m)-1.73%
EPS NQ rev (3m)-4.01%
EPS NY rev (1m)-0.97%
EPS NY rev (3m)-1.66%
Revenue NQ rev (1m)0.79%
Revenue NQ rev (3m)0.85%
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)0.44%
Valuation
Industry RankSector Rank
PE 20.29
Fwd PE 17.95
P/S 3.33
P/FCF N/A
P/OCF 83.79
P/B 18.26
P/tB N/A
EV/EBITDA 13.99
EPS(TTM)6.39
EY4.93%
EPS(NY)7.22
Fwd EY5.57%
FCF(TTM)-0.11
FCFYN/A
OCF(TTM)1.55
OCFY1.19%
SpS38.99
BVpS7.1
TBVpS-4.86
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 10.92%
ROE 97.69%
ROCE 16.45%
ROIC 13.7%
ROICexc 17.8%
ROICexgc 26.19%
OM 20.46%
PM (TTM) 17.79%
GM 41.21%
FCFM N/A
ROA(3y)3.02%
ROA(5y)6.63%
ROE(3y)0.78%
ROE(5y)16.81%
ROIC(3y)11.12%
ROIC(5y)12.9%
ROICexc(3y)13.89%
ROICexc(5y)15.46%
ROICexgc(3y)26.14%
ROICexgc(5y)32.17%
ROCE(3y)13.54%
ROCE(5y)15.6%
ROICexcg growth 3Y-10.19%
ROICexcg growth 5Y-4.14%
ROICexc growth 3Y2.14%
ROICexc growth 5Y4.95%
OM growth 3Y-1.29%
OM growth 5Y0.76%
PM growth 3Y0.46%
PM growth 5Y3.85%
GM growth 3Y-4.12%
GM growth 5Y-2.49%
F-Score7
Asset Turnover0.61
Health
Industry RankSector Rank
Debt/Equity 2.76
Debt/FCF N/A
Debt/EBITDA 1.97
Cap/Depr 85.2%
Cap/Sales 4.25%
Interest Coverage 250
Cash Conversion 15.6%
Profit Quality N/A
Current Ratio 1.66
Quick Ratio 1.25
Altman-Z 3.9
F-Score7
WACC8%
ROIC/WACC1.71
Cap/Depr(3y)87.82%
Cap/Depr(5y)85.14%
Cap/Sales(3y)5.49%
Cap/Sales(5y)5.14%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-22.67%
EPS 3Y-7.61%
EPS 5Y-2.72%
EPS Q2Q%-21.34%
EPS Next Y-2.81%
EPS Next 2Y2.85%
EPS Next 3Y5.18%
EPS Next 5Y4.7%
Revenue 1Y (TTM)-20.06%
Revenue growth 3Y-11.42%
Revenue growth 5Y-5.22%
Sales Q2Q%-25.15%
Revenue Next Year1.46%
Revenue Next 2Y2.22%
Revenue Next 3Y2.59%
Revenue Next 5Y3.5%
EBIT growth 1Y-12.49%
EBIT growth 3Y-12.56%
EBIT growth 5Y-4.5%
EBIT Next Year31.55%
EBIT Next 3Y14.58%
EBIT Next 5Y9.76%
FCF growth 1Y-101.7%
FCF growth 3Y-52.23%
FCF growth 5Y-34.69%
OCF growth 1Y-83.38%
OCF growth 3Y-37.51%
OCF growth 5Y-23.78%