3M CO (MMM) Fundamental Analysis & Valuation

NYSE:MMM • US88579Y1010

Current stock price

145.23 USD
+2.71 (+1.9%)
At close:
146.5 USD
+1.27 (+0.87%)
Pre-Market:

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.
  • MMM had a positive operating cash flow in the past year.
  • 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 (8.61%) than 100.00% of its industry peers.
  • MMM has a Return On Equity of 68.46%. This is amongst the best in the industry. MMM outperforms 100.00% of its industry peers.
  • The Return On Invested Capital of MMM (13.64%) is better than 100.00% of its industry peers.
  • MMM had an Average Return On Invested Capital over the past 3 years of 12.18%. This is above the industry average of 8.00%.
  • 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 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

  • Looking at the Profit Margin, with a value of 13.03%, MMM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of MMM has declined.
  • With an excellent Operating Margin value of 19.29%, MMM belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
  • MMM's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 39.91%, MMM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • MMM's Gross Margin has declined in the last couple of years.
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 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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5

2. MMM Health Analysis

2.1 Basic Checks

  • MMM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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 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

  • MMM has a debt to FCF ratio of 9.33. This is a negative value and a sign of low solvency as MMM would need 9.33 years to pay back of all of its debts.
  • The Debt to FCF ratio of MMM (9.33) is better than 85.71% 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.
  • The Debt to Equity ratio of MMM (2.30) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 2.3
Debt/FCF 9.33
Altman-Z N/A
ROIC/WACC1.63
WACC8.37%
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 1.71 indicates that MMM should not have too much problems paying its short term obligations.
  • With an excellent Current ratio value of 1.71, MMM belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
  • 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 71.43% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.71
Quick Ratio 1.33
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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3

3. MMM Growth Analysis

3.1 Past

  • MMM shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.00%.
  • The Earnings Per Share has been decreasing by -1.63% on average over the past years.
  • Looking at the last year, MMM shows a small growth in Revenue. The Revenue has grown by 1.52% in the last 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

  • MMM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.45% yearly.
  • The Revenue is expected to grow by 3.84% on average over the next years.
EPS Next Y8.27%
EPS Next 2Y8.5%
EPS Next 3Y7.71%
EPS Next 5Y6.45%
Revenue Next Year3.57%
Revenue Next 2Y3.35%
Revenue Next 3Y3.14%
Revenue Next 5Y3.84%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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 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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5

4. MMM Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 18.02 indicates a rather expensive valuation of MMM.
  • Based on the Price/Earnings ratio, MMM is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 25.35, MMM is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 16.64, MMM is valued correctly.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MMM indicates a rather cheap valuation: MMM is cheaper than 85.71% of the companies listed in the same industry.
  • MMM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.61, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 18.02
Fwd PE 16.64
MMM Price Earnings VS Forward Price EarningsMMM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, MMM is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 56.66
EV/EBITDA N/A
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)2.18
PEG (5Y)N/A
EPS Next 2Y8.5%
EPS Next 3Y7.71%

More info and screens

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

4

5. MMM Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.17%, MMM has a reasonable but not impressive dividend return.
  • MMM's Dividend Yield is rather good when compared to the industry average which is at 4.66. MMM pays more dividend than 85.71% of the companies in the same industry.
  • MMM's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.17%

5.2 History

  • The dividend of MMM decreases each year by -8.82%.
  • MMM has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-8.82%
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

DP0%
EPS Next 2Y8.5%
EPS Next 3Y7.71%
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

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MMM Fundamentals: All Metrics, Ratios and Statistics

3M CO

NYSE:MMM (3/31/2026, 8:04:00 PM)

Premarket: 146.5 +1.27 (+0.87%)

145.23

+2.71 (+1.9%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)01-20
Earnings (Next)04-20
Inst Owners76.21%
Inst Owner Change7.45%
Ins Owners0.05%
Ins Owner Change7.49%
Market Cap76.49B
Revenue(TTM)24.95B
Net Income(TTM)3.25B
Analysts74.17
Price Target178.05 (22.6%)
Short Float %1.6%
Short Ratio1.86
Dividend
Industry RankSector Rank
Dividend Yield 2.17%
Yearly Dividend3.63
Dividend Growth(5Y)-8.82%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-13
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)0.3%
PT rev (3m)2.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.62%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)-0.05%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.31%
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)0.47%
Valuation
Industry RankSector Rank
PE 18.02
Fwd PE 16.64
P/S 3.07
P/FCF 56.66
P/OCF 33.85
P/B 16.11
P/tB N/A
EV/EBITDA N/A
EPS(TTM)8.06
EY5.55%
EPS(NY)8.73
Fwd EY6.01%
FCF(TTM)2.56
FCFY1.76%
OCF(TTM)4.29
OCFY2.95%
SpS47.37
BVpS9.01
TBVpS-5.27
PEG (NY)2.18
PEG (5Y)N/A
Graham Number40.43
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
WACC8.37%
ROIC/WACC1.63
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 Y8.27%
EPS Next 2Y8.5%
EPS Next 3Y7.71%
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 Year3.57%
Revenue Next 2Y3.35%
Revenue Next 3Y3.14%
Revenue Next 5Y3.84%
EBIT growth 1Y-3.93%
EBIT growth 3Y34.78%
EBIT growth 5Y-7.22%
EBIT Next Year30.03%
EBIT Next 3Y11.54%
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 Fundamental Analysis FAQ

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

ChartMill assigns a fundamental rating of 5 / 10 to MMM.


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

ChartMill assigns a valuation rating of 5 / 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 8.27% 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 0%.