3M CO (MMM) Fundamental Analysis & Valuation

NYSE:MMM • US88579Y1010

Current stock price

144.47 USD
-0.78 (-0.54%)
At close:
144.55 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.
  • Each year in the past 5 years MMM had a positive operating cash flow.
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

  • Looking at the Return On Assets, with a value of 8.61%, MMM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • MMM has a better Return On Equity (68.46%) than 100.00% of its industry peers.
  • MMM has a Return On Invested Capital of 13.64%. This is amongst the best in the industry. MMM outperforms 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 8.00%.
  • The 3 year average ROIC (12.18%) for MMM is below the current ROIC(13.64%), indicating increased profibility in the last year.
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

  • The Profit Margin of MMM (13.03%) is better than 100.00% of its industry peers.
  • MMM's Profit Margin has declined in the last couple of years.
  • MMM has a better Operating Margin (19.29%) than 85.71% of its industry peers.
  • MMM's Operating Margin has declined in the last couple of years.
  • With an excellent Gross Margin value of 39.91%, MMM belongs to the best of the industry, outperforming 100.00% 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 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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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. MMM Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MMM is creating some value.
  • The number of shares outstanding for MMM has been reduced compared to 1 year ago.
  • The number of shares outstanding for MMM has been reduced compared to 5 years ago.
  • Compared to 1 year ago, MMM has a worse debt to assets ratio.
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

  • 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.
  • MMM has a Debt to FCF ratio of 9.33. This is amongst the best in the industry. MMM outperforms 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.
  • MMM's Debt to Equity ratio of 2.30 is in line compared to the rest of the industry. MMM outperforms 57.14% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.3
Debt/FCF 9.33
Altman-Z N/A
ROIC/WACC1.62
WACC8.41%
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

  • MMM has a Current Ratio of 1.71. This is a normal value and indicates that MMM is financially healthy and should not expect problems in meeting its short term obligations.
  • MMM has a Current ratio of 1.71. This is amongst the best in the industry. MMM outperforms 85.71% 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.
  • The Quick ratio of MMM (1.33) is better than 71.43% of its industry peers.
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

  • The Earnings Per Share has been growing slightly by 1.00% over the past year.
  • 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

  • The Earnings Per Share is expected to grow by 6.45% on average over the next years.
  • 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

  • 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 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

  • The Price/Earnings ratio is 17.92, which indicates a rather expensive current valuation of MMM.
  • 100.00% of the companies in the same industry are more expensive than MMM, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of MMM to the average of the S&P500 Index (25.60), we can say MMM is valued slightly cheaper.
  • With a Price/Forward Earnings ratio of 16.56, MMM is valued correctly.
  • MMM's Price/Forward Earnings ratio is rather cheap when compared to the industry. MMM is cheaper than 85.71% of the companies in the same industry.
  • MMM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.84.
Industry RankSector Rank
PE 17.92
Fwd PE 16.56
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 56.36
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 an expensive valuation of the company.
  • The excellent profitability rating of MMM may justify a higher PE ratio.
PEG (NY)2.17
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 2.18%, 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 4.77. 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 1.90.
Industry RankSector Rank
Dividend Yield 2.18%

5.2 History

  • The dividend of MMM decreases each year by -8.82%.
  • MMM has paid a dividend for at least 10 years, which is 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

More info and screens

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MMM Fundamentals: All Metrics, Ratios and Statistics

3M CO

NYSE:MMM (4/2/2026, 8:04:00 PM)

After market: 144.55 +0.08 (+0.06%)

144.47

-0.78 (-0.54%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)01-20
Earnings (Next)04-28
Inst Owners76.21%
Inst Owner Change7.45%
Ins Owners0.05%
Ins Owner Change7.49%
Market Cap76.09B
Revenue(TTM)24.95B
Net Income(TTM)3.25B
Analysts74.17
Price Target178.05 (23.24%)
Short Float %1.6%
Short Ratio1.86
Dividend
Industry RankSector Rank
Dividend Yield 2.18%
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 17.92
Fwd PE 16.56
P/S 3.05
P/FCF 56.36
P/OCF 33.67
P/B 16.03
P/tB N/A
EV/EBITDA N/A
EPS(TTM)8.06
EY5.58%
EPS(NY)8.73
Fwd EY6.04%
FCF(TTM)2.56
FCFY1.77%
OCF(TTM)4.29
OCFY2.97%
SpS47.37
BVpS9.01
TBVpS-5.27
PEG (NY)2.17
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
WACC8.41%
ROIC/WACC1.62
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%.