3M CO (MMM) Fundamental Analysis & Valuation

NYSE:MMM • US88579Y1010

Current stock price

142.5 USD
-4.02 (-2.74%)
At close:
142.581 USD
+0.08 (+0.06%)
After Hours:

This MMM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. MMM Profitability Analysis

1.1 Basic Checks

  • In the past year MMM was profitable.
  • In the past year MMM had a positive cash flow from operations.
  • MMM had positive earnings in 4 of the past 5 years.
  • In the past 5 years MMM always reported a positive cash flow from operatings.
MMM Yearly Net Income VS EBIT VS OCF VS FCFMMM 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

  • MMM has a better Return On Assets (7.86%) than 100.00% of its industry peers.
  • With an excellent Return On Equity value of 85.41%, MMM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • MMM has a better Return On Invested Capital (14.97%) than 100.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MMM is above the industry average of 9.44%.
  • The 3 year average ROIC (12.20%) for MMM is below the current ROIC(14.97%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 7.86%
ROE 85.41%
ROIC 14.97%
ROA(3y)1.75%
ROA(5y)6.05%
ROE(3y)10.74%
ROE(5y)22.16%
ROIC(3y)12.2%
ROIC(5y)11.31%
MMM Yearly ROA, ROE, ROICMMM 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 Profit Margin of 11.14%. This is amongst the best in the industry. MMM outperforms 83.33% of its industry peers.
  • In the last couple of years the Profit Margin of MMM has declined.
  • The Operating Margin of MMM (19.81%) is better than 100.00% of its industry peers.
  • MMM's Operating Margin has declined in the last couple of years.
  • The Gross Margin of MMM (39.71%) is better than 100.00% of its industry peers.
  • MMM's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 19.81%
PM (TTM) 11.14%
GM 39.71%
OM growth 3Y37.13%
OM growth 5Y-2.28%
PM growth 3Y-16.13%
PM growth 5Y-5.11%
GM growth 3Y0.43%
GM growth 5Y-3.86%
MMM Yearly Profit, Operating, Gross MarginsMMM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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7

2. MMM Health Analysis

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.
  • Compared to 1 year ago, MMM has less shares outstanding
  • The number of shares outstanding for MMM has been reduced compared to 5 years ago.
  • The debt/assets ratio for MMM is higher compared to a year ago.
MMM Yearly Shares OutstandingMMM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
MMM Yearly Total Debt VS Total AssetsMMM 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

  • An Altman-Z score of 4.25 indicates that MMM is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 4.25, MMM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • The Debt to FCF ratio of MMM is 6.29, which is on the high side as it means it would take MMM, 6.29 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of MMM (6.29) is better than 100.00% of its industry peers.
  • MMM has a Debt/Equity ratio of 3.34. This is a high value indicating a heavy dependency on external financing.
  • MMM has a Debt to Equity ratio of 3.34. This is comparable to the rest of the industry: MMM outperforms 50.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.34
Debt/FCF 6.29
Altman-Z 4.25
ROIC/WACC1.53
WACC9.76%
MMM Yearly LT Debt VS Equity VS FCFMMM 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 1.59 indicates that MMM should not have too much problems paying its short term obligations.
  • MMM has a Current ratio of 1.59. This is amongst the best in the industry. MMM outperforms 83.33% of its industry peers.
  • MMM has a Quick Ratio of 1.19. This is a normal value and indicates that MMM is financially healthy and should not expect problems in meeting its short term obligations.
  • With an excellent Quick ratio value of 1.19, MMM belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.59
Quick Ratio 1.19
MMM Yearly Current Assets VS Current LiabilitesMMM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. MMM Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 11.38% over the past year.
  • The Earnings Per Share has been decreasing by -1.63% on average over the past years.
  • MMM shows a small growth in Revenue. In the last year, the Revenue has grown by 2.08%.
  • MMM shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.97% yearly.
EPS 1Y (TTM)11.38%
EPS 3Y-7.24%
EPS 5Y-1.63%
EPS Q2Q%13.83%
Revenue 1Y (TTM)2.08%
Revenue growth 3Y-1.57%
Revenue growth 5Y-4.97%
Sales Q2Q%3.86%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.73% on average over the next years.
  • Based on estimates for the next years, MMM will show a small growth in Revenue. The Revenue will grow by 3.21% on average per year.
EPS Next Y8.07%
EPS Next 2Y8.4%
EPS Next 3Y7.69%
EPS Next 5Y7.73%
Revenue Next Year3.38%
Revenue Next 2Y3.28%
Revenue Next 3Y3.12%
Revenue Next 5Y3.21%

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 Yearly Revenue VS EstimatesMMM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
MMM Yearly EPS VS EstimatesMMM 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

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6

4. MMM Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 17.13, the valuation of MMM can be described as rather expensive.
  • 100.00% of the companies in the same industry are more expensive than MMM, based on the Price/Earnings ratio.
  • MMM's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.51.
  • Based on the Price/Forward Earnings ratio of 15.05, the valuation of MMM can be described as correct.
  • Based on the Price/Forward Earnings ratio, MMM is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of MMM to the average of the S&P500 Index (21.41), we can say MMM is valued slightly cheaper.
Industry RankSector Rank
PE 17.13
Fwd PE 15.05
MMM Price Earnings VS Forward Price EarningsMMM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • MMM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MMM is cheaper than 100.00% of the companies in the same industry.
  • MMM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MMM is cheaper than 83.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 37.28
EV/EBITDA 13.08
MMM Per share dataMMM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MMM does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of MMM may justify a higher PE ratio.
PEG (NY)2.12
PEG (5Y)N/A
EPS Next 2Y8.4%
EPS Next 3Y7.69%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. MMM Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.13%, MMM has a reasonable but not impressive dividend return.
  • MMM's Dividend Yield is a higher than the industry average which is at 4.88.
  • Compared to an average S&P500 Dividend Yield of 1.80, MMM has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.13%

5.2 History

  • The dividend of MMM decreases each year by -13.05%.
  • MMM has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-13.05%
Div Incr Years0
Div Non Decr Years0
MMM Yearly Dividends per shareMMM Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • 56.62% of the earnings are spent on dividend by MMM. This is a bit on the high side, but may be sustainable.
DP56.62%
EPS Next 2Y8.4%
EPS Next 3Y7.69%
MMM Yearly Income VS Free CF VS DividendMMM 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
MMM Dividend Payout.MMM Dividend Payout, showing the Payout Ratio.MMM Dividend Payout.PayoutRetained Earnings

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MMM Fundamentals: All Metrics, Ratios and Statistics

3M CO

NYSE:MMM (5/1/2026, 8:04:00 PM)

After market: 142.581 +0.08 (+0.06%)

142.5

-4.02 (-2.74%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Industry Strength19.25
Industry Growth18.01
Earnings (Last)04-21
Earnings (Next)07-16
Inst Owners76.8%
Inst Owner Change-3.32%
Ins Owners0.08%
Ins Owner Change7.04%
Market Cap74.44B
Revenue(TTM)25.02B
Net Income(TTM)2.79B
Analysts74.17
Price Target173.71 (21.9%)
Short Float %1.53%
Short Ratio2.07
Dividend
Industry RankSector Rank
Dividend Yield 2.13%
Yearly Dividend2.92
Dividend Growth(5Y)-13.05%
DP56.62%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.74%
Min EPS beat(2)0.72%
Max EPS beat(2)6.76%
EPS beat(4)4
Avg EPS beat(4)4.54%
Min EPS beat(4)0.72%
Max EPS beat(4)6.76%
EPS beat(8)8
Avg EPS beat(8)5.01%
EPS beat(12)12
Avg EPS beat(12)7.9%
EPS beat(16)15
Avg EPS beat(16)7.34%
Revenue beat(2)0
Avg Revenue beat(2)-0.9%
Min Revenue beat(2)-1.07%
Max Revenue beat(2)-0.73%
Revenue beat(4)1
Avg Revenue beat(4)-0.49%
Min Revenue beat(4)-1.07%
Max Revenue beat(4)0.1%
Revenue beat(8)2
Avg Revenue beat(8)-0.31%
Revenue beat(12)4
Avg Revenue beat(12)-0.27%
Revenue beat(16)5
Avg Revenue beat(16)-7.78%
PT rev (1m)-2.44%
PT rev (3m)-0.27%
EPS NQ rev (1m)-0.92%
EPS NQ rev (3m)-1.68%
EPS NY rev (1m)-0.18%
EPS NY rev (3m)0.17%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)0.39%
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)-0.11%
Valuation
Industry RankSector Rank
PE 17.13
Fwd PE 15.05
P/S 2.97
P/FCF 37.28
P/OCF 25.71
P/B 22.81
P/tB N/A
EV/EBITDA 13.08
EPS(TTM)8.32
EY5.84%
EPS(NY)9.47
Fwd EY6.65%
FCF(TTM)3.82
FCFY2.68%
OCF(TTM)5.54
OCFY3.89%
SpS47.9
BVpS6.25
TBVpS-8.04
PEG (NY)2.12
PEG (5Y)N/A
Graham Number34.1948 (-76%)
Profitability
Industry RankSector Rank
ROA 7.86%
ROE 85.41%
ROCE 18.77%
ROIC 14.97%
ROICexc 17.76%
ROICexgc 26.73%
OM 19.81%
PM (TTM) 11.14%
GM 39.71%
FCFM 7.98%
ROA(3y)1.75%
ROA(5y)6.05%
ROE(3y)10.74%
ROE(5y)22.16%
ROIC(3y)12.2%
ROIC(5y)11.31%
ROICexc(3y)15.72%
ROICexc(5y)13.97%
ROICexgc(3y)26.65%
ROICexgc(5y)26.23%
ROCE(3y)15.49%
ROCE(5y)14.3%
ROICexgc growth 3Y37.58%
ROICexgc growth 5Y-7.07%
ROICexc growth 3Y54.09%
ROICexc growth 5Y1.34%
OM growth 3Y37.13%
OM growth 5Y-2.28%
PM growth 3Y-16.13%
PM growth 5Y-5.11%
GM growth 3Y0.43%
GM growth 5Y-3.86%
F-Score6
Asset Turnover0.71
Health
Industry RankSector Rank
Debt/Equity 3.34
Debt/FCF 6.29
Debt/EBITDA 1.73
Cap/Depr 66.89%
Cap/Sales 3.59%
Interest Coverage 250
Cash Conversion 45.96%
Profit Quality 71.65%
Current Ratio 1.59
Quick Ratio 1.19
Altman-Z 4.25
F-Score6
WACC9.76%
ROIC/WACC1.53
Cap/Depr(3y)79.17%
Cap/Depr(5y)83.35%
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)11.38%
EPS 3Y-7.24%
EPS 5Y-1.63%
EPS Q2Q%13.83%
EPS Next Y8.07%
EPS Next 2Y8.4%
EPS Next 3Y7.69%
EPS Next 5Y7.73%
Revenue 1Y (TTM)2.08%
Revenue growth 3Y-1.57%
Revenue growth 5Y-4.97%
Sales Q2Q%3.86%
Revenue Next Year3.38%
Revenue Next 2Y3.28%
Revenue Next 3Y3.12%
Revenue Next 5Y3.21%
EBIT growth 1Y-1.18%
EBIT growth 3Y34.97%
EBIT growth 5Y-7.13%
EBIT Next Year29.64%
EBIT Next 3Y11.54%
EBIT Next 5Y9.92%
FCF growth 1Y-57.12%
FCF growth 3Y-29.43%
FCF growth 5Y-27.22%
OCF growth 1Y-53.08%
OCF growth 3Y-26.06%
OCF growth 5Y-22.56%

3M CO / MMM Fundamental Analysis FAQ

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

ChartMill assigns a fundamental rating of 6 / 10 to MMM.


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

ChartMill assigns a valuation rating of 6 / 10 to 3M CO (MMM). This can be considered as Fairly Valued.


What is the profitability of MMM stock?

3M CO (MMM) has a profitability rating of 8 / 10.


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

The Earnings per Share (EPS) of 3M CO (MMM) is expected to grow by 8.07% in the next year.


Is the dividend of 3M CO sustainable?

The dividend rating of 3M CO (MMM) is 4 / 10 and the dividend payout ratio is 56.62%.