3M CO (MMM.DE) Stock Fundamental Analysis

FRA:MMM • US88579Y1010

139.74 EUR
+1.08 (+0.78%)
Last: Feb 19, 2026, 07:00 PM
Fundamental Rating

4

Taking everything into account, MMM scores 4 out of 10 in our fundamental rating. MMM was compared to 16 industry peers in the Industrial Conglomerates industry. MMM has an excellent profitability rating, but there are some minor concerns on its financial health. MMM is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year MMM was profitable.
  • MMM had a positive operating cash flow in the past year.
  • Of the past 5 years MMM 4 years were profitable.
  • Each year in the past 5 years MMM had a positive operating cash flow.
MMM.DE Yearly Net Income VS EBIT VS OCF VS FCFMMM.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B

1.2 Ratios

  • The Return On Assets of MMM (8.61%) is better than 93.75% of its industry peers.
  • Looking at the Return On Equity, with a value of 68.46%, MMM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • MMM has a better Return On Invested Capital (13.64%) than 100.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MMM is significantly above the industry average of 7.02%.
  • The last Return On Invested Capital (13.64%) for MMM is above the 3 year average (12.18%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 8.61%
ROE 68.46%
ROIC 13.64%
ROA(3y)1.75%
ROA(5y)6.05%
ROE(3y)10.52%
ROE(5y)22.03%
ROIC(3y)12.18%
ROIC(5y)11.3%
MMM.DE Yearly ROA, ROE, ROICMMM.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 100 -100

1.3 Margins

  • MMM has a better Profit Margin (13.03%) than 81.25% of its industry peers.
  • MMM's Profit Margin has declined in the last couple of years.
  • MMM's Operating Margin of 19.29% is amongst the best of the industry. MMM outperforms 87.50% of its industry peers.
  • MMM's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 39.91%, MMM is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of MMM has declined.
Industry RankSector Rank
OM 19.29%
PM (TTM) 13.03%
GM 39.92%
OM growth 3Y36.93%
OM growth 5Y-2.37%
PM growth 3Y-16.13%
PM growth 5Y-5.11%
GM growth 3Y0.43%
GM growth 5Y-3.86%
MMM.DE Yearly Profit, Operating, Gross MarginsMMM.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MMM is still creating some value.
  • The number of shares outstanding for MMM has been reduced compared to 1 year ago.
  • Compared to 5 years ago, MMM has less shares outstanding
  • The debt/assets ratio for MMM is higher compared to a year ago.
MMM.DE Yearly Shares OutstandingMMM.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
MMM.DE Yearly Total Debt VS Total AssetsMMM.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • The Debt to FCF ratio of MMM is 9.33, which is on the high side as it means it would take MMM, 9.33 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of MMM (9.33) is better than 68.75% of its industry peers.
  • A Debt/Equity ratio of 2.30 is on the high side and indicates that MMM has dependencies on debt financing.
  • With a Debt to Equity ratio value of 2.30, MMM is not doing good in the industry: 68.75% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.3
Debt/FCF 9.33
Altman-Z N/A
ROIC/WACC1.7
WACC8.03%
MMM.DE Yearly LT Debt VS Equity VS FCFMMM.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 1.71 indicates that MMM should not have too much problems paying its short term obligations.
  • MMM has a Current ratio of 1.71. This is amongst the best in the industry. MMM outperforms 81.25% of its industry peers.
  • MMM has a Quick Ratio of 1.33. This is a normal value and indicates that MMM is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.33, MMM is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.71
Quick Ratio 1.33
MMM.DE Yearly Current Assets VS Current LiabilitesMMM.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

3

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 1.00% over the past year.
  • Measured over the past years, MMM shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.63% on average per year.
  • The Revenue has been growing slightly by 1.52% in the past year.
  • Measured over the past years, MMM shows a decrease in Revenue. The Revenue has been decreasing by -4.97% on average per year.
EPS 1Y (TTM)1%
EPS 3Y-7.24%
EPS 5Y-1.63%
EPS Q2Q%8.93%
Revenue 1Y (TTM)1.52%
Revenue growth 3Y-1.57%
Revenue growth 5Y-4.97%
Sales Q2Q%3.7%

3.2 Future

  • Based on estimates for the next years, MMM will show a small growth in Earnings Per Share. The EPS will grow by 6.45% on average per year.
  • Based on estimates for the next years, MMM will show a small growth in Revenue. The Revenue will grow by 3.84% on average per year.
EPS Next Y8.36%
EPS Next 2Y8.58%
EPS Next 3Y7.86%
EPS Next 5Y6.45%
Revenue Next Year3.42%
Revenue Next 2Y3.31%
Revenue Next 3Y3.13%
Revenue Next 5Y3.84%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
MMM.DE Yearly Revenue VS EstimatesMMM.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B
MMM.DE Yearly EPS VS EstimatesMMM.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

3

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 20.55, MMM is valued on the expensive side.
  • Based on the Price/Earnings ratio, MMM is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
  • MMM's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.09.
  • With a Price/Forward Earnings ratio of 18.95, MMM is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, MMM is valued a bit cheaper than 68.75% of the companies in the same industry.
  • MMM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.98, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 20.55
Fwd PE 18.95
MMM.DE Price Earnings VS Forward Price EarningsMMM.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MMM is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 64.58
EV/EBITDA N/A
MMM.DE Per share dataMMM.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • MMM has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.46
PEG (5Y)N/A
EPS Next 2Y8.58%
EPS Next 3Y7.86%

2

5. Dividend

5.1 Amount

  • MMM has a Yearly Dividend Yield of 1.79%. Purely for dividend investing, there may be better candidates out there.
  • MMM's Dividend Yield is slightly below the industry average, which is at 3.01.
  • Compared to an average S&P500 Dividend Yield of 1.85, MMM has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.79%

5.2 History

  • The dividend of MMM decreases each year by -8.82%.
Dividend Growth(5Y)-8.82%
Div Incr Years0
Div Non Decr Years0
MMM.DE Yearly Dividends per shareMMM.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

DP0%
EPS Next 2Y8.58%
EPS Next 3Y7.86%
MMM.DE Yearly Income VS Free CF VS DividendMMM.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B 6B -6B

3M CO

FRA:MMM (2/19/2026, 7:00:00 PM)

139.74

+1.08 (+0.78%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)01-20
Earnings (Next)04-20
Inst Owners74.31%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap73.60B
Revenue(TTM)24.95B
Net Income(TTM)3.25B
Analysts74.17
Price Target147.39 (5.47%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.79%
Yearly Dividend3.06
Dividend Growth(5Y)-8.82%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.6%
Min EPS beat(2)0.72%
Max EPS beat(2)4.49%
EPS beat(4)4
Avg EPS beat(4)4.2%
Min EPS beat(4)0.72%
Max EPS beat(4)6.18%
EPS beat(8)8
Avg EPS beat(8)5.76%
EPS beat(12)12
Avg EPS beat(12)9.27%
EPS beat(16)15
Avg EPS beat(16)7.77%
Revenue beat(2)1
Avg Revenue beat(2)-0.32%
Min Revenue beat(2)-0.73%
Max Revenue beat(2)0.1%
Revenue beat(4)1
Avg Revenue beat(4)-0.38%
Min Revenue beat(4)-0.73%
Max Revenue beat(4)0.1%
Revenue beat(8)3
Avg Revenue beat(8)-0.15%
Revenue beat(12)4
Avg Revenue beat(12)-1.84%
Revenue beat(16)5
Avg Revenue beat(16)-7.71%
PT rev (1m)-0.89%
PT rev (3m)-0.53%
EPS NQ rev (1m)-0.42%
EPS NQ rev (3m)-0.14%
EPS NY rev (1m)0.43%
EPS NY rev (3m)0.06%
Revenue NQ rev (1m)0.3%
Revenue NQ rev (3m)-0.05%
Revenue NY rev (1m)0.39%
Revenue NY rev (3m)0.35%
Valuation
Industry RankSector Rank
PE 20.55
Fwd PE 18.95
P/S 3.49
P/FCF 64.58
P/OCF 38.58
P/B 18.37
P/tB N/A
EV/EBITDA N/A
EPS(TTM)6.8
EY4.87%
EPS(NY)7.37
Fwd EY5.28%
FCF(TTM)2.16
FCFY1.55%
OCF(TTM)3.62
OCFY2.59%
SpS39.99
BVpS7.61
TBVpS-4.45
PEG (NY)2.46
PEG (5Y)N/A
Graham Number34.12
Profitability
Industry RankSector Rank
ROA 8.61%
ROE 68.46%
ROCE 17.1%
ROIC 13.64%
ROICexc 17.28%
ROICexgc 26.14%
OM 19.29%
PM (TTM) 13.03%
GM 39.92%
FCFM 5.41%
ROA(3y)1.75%
ROA(5y)6.05%
ROE(3y)10.52%
ROE(5y)22.03%
ROIC(3y)12.18%
ROIC(5y)11.3%
ROICexc(3y)15.69%
ROICexc(5y)13.95%
ROICexgc(3y)26.61%
ROICexgc(5y)26.21%
ROCE(3y)15.47%
ROCE(5y)14.28%
ROICexgc growth 3Y37.38%
ROICexgc growth 5Y-7.15%
ROICexc growth 3Y53.86%
ROICexc growth 5Y1.26%
OM growth 3Y36.93%
OM growth 5Y-2.37%
PM growth 3Y-16.13%
PM growth 5Y-5.11%
GM growth 3Y0.43%
GM growth 5Y-3.86%
F-Score5
Asset Turnover0.66
Health
Industry RankSector Rank
Debt/Equity 2.3
Debt/FCF 9.33
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 3.65%
Interest Coverage 250
Cash Conversion N/A
Profit Quality 41.54%
Current Ratio 1.71
Quick Ratio 1.33
Altman-Z N/A
F-Score5
WACC8.03%
ROIC/WACC1.7
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)5.01%
Cap/Sales(5y)5.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1%
EPS 3Y-7.24%
EPS 5Y-1.63%
EPS Q2Q%8.93%
EPS Next Y8.36%
EPS Next 2Y8.58%
EPS Next 3Y7.86%
EPS Next 5Y6.45%
Revenue 1Y (TTM)1.52%
Revenue growth 3Y-1.57%
Revenue growth 5Y-4.97%
Sales Q2Q%3.7%
Revenue Next Year3.42%
Revenue Next 2Y3.31%
Revenue Next 3Y3.13%
Revenue Next 5Y3.84%
EBIT growth 1Y-3.93%
EBIT growth 3Y34.78%
EBIT growth 5Y-7.22%
EBIT Next Year31.09%
EBIT Next 3Y12.37%
EBIT Next 5Y9.38%
FCF growth 1Y111.6%
FCF growth 3Y-29.43%
FCF growth 5Y-27.22%
OCF growth 1Y24.24%
OCF growth 3Y-26.06%
OCF growth 5Y-22.56%

3M CO / MMM.DE FAQ

What is the ChartMill fundamental rating of 3M CO (MMM.DE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to MMM.DE.


What is the valuation status of 3M CO (MMM.DE) stock?

ChartMill assigns a valuation rating of 3 / 10 to 3M CO (MMM.DE). This can be considered as Overvalued.


Can you provide the profitability details for 3M CO?

3M CO (MMM.DE) has a profitability rating of 7 / 10.


What is the valuation of 3M CO based on its PE and PB ratios?

The Price/Earnings (PE) ratio for 3M CO (MMM.DE) is 20.55 and the Price/Book (PB) ratio is 18.37.


What is the expected EPS growth for 3M CO (MMM.DE) stock?

The Earnings per Share (EPS) of 3M CO (MMM.DE) is expected to grow by 8.36% in the next year.