3M Company
Exchange: NYSESector: IndustrialsIndustry: Conglomerates
3M Company (3M) is a diversified technology company. The Company operates in six segments: industrial and transportation; healthcare; consumer and office; safety, security and protection services; display and graphics, and electro and communications businesses. 3M products are sold through a number of distribution channels, including directly to users and through wholesalers, retailers, jobbers, distributors and dealers in a range of trades in a number of countries worldwide. In April 2012, it acquired CodeRyte Inc. In September 2012, it acquired the business of Federal Signal Technologies Group (FSTech) from Federal Signal Corporation. On November 28, 2012, the Company acquired Ceradyne, Inc.
Did you know?
Capital expenditures decreased by 27% from FY24 to FY25.
Current Price
$150.50
+0.89%GoodMoat Value
$77.66
48.4% overvaluedProfile
Valuation (TTM)
Market Cap$79.95B
P/E24.60
EV$84.53B
P/B17.00
Shares Out531.23M
P/Sales3.20
Revenue$24.95B
EV/EBITDA15.58
3M Company (MMM) Stock Analysis
GoodMoat Analysis
3M is a diversified industrial conglomerate with a potentially durable moat, but it fails the initial quality gate for value investors. The stock's current price appears significantly above the platform's estimated fair value, indicating an unfavourable valuation.
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3M Company is a global industrial conglomerate known for its innovation across sectors like consumer goods, healthcare, and safety & industrial. Its primary competitive advantages, or moat, stem from its brand & culture, technology leadership through foundational patents, and a history of niche dominance in adhesive and filtration markets. Applying the GoodMoat framework, it likely meets several criteria for a durable moat, such as a strong brand and proprietary technology. However, the business fails the initial 'Moat & Quality Gate' in the Decision Framework. Key quality indicators are weak: revenue growth is minimal at 2.0% YoY, the debt/equity ratio is high at 2.68, and the Free Cash Flow yield is low at 1.9%. This profile does not suggest the high returns on capital and financial strength required to proceed. Furthermore, the valuation assessment is unfavourable. The current price of $148.05 is nearly double the GoodMoat Target of $77.66, suggesting a significant premium. While the dividend yield is 1.99%, the combination of weak quality metrics and a high price relative to estimated intrinsic value makes a deeper investigation from a value perspective less compelling. Analysis based on data as of 2024-05-15.
Market Cap$79.95B
Current Price$150.50
P/E Ratio24.60
Forward P/E—
PEG Ratio-1.23
EPS$6.00
Book Value$8.85
P/B Ratio17.00
MMM Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use -19.5% FCF growth (CAGR)
Cash vs Debt
Net Debt: 7.4B
Revenue
32.1B
FY19
32.2B
FY20
35.4B
FY21
26.2B
FY22
24.6B
FY23
24.6B
FY24
24.9B
FY25
Net Income
4.5B
FY19
5.4B
FY20
5.9B
FY21
5.8B
FY22
—
FY23
4.2B
FY24
3.3B
FY25
MMM 52-Week Range
$123.78
$173.82
50-Day MA: $155.98200-Day MA: $157.31
Did you know?
Net income compounded at -5.3% annually over 6 years.
3M Company (MMM) Financial Summary
3M Company (MMM) is a Industrials company in the Conglomerates industry, listed on NYSE. The stock currently trades at $150.50 with a market capitalization of $79.95B.
Key valuation metrics include a P/E ratio of 24.60, price-to-book ratio of 17.00, and EPS of $6.00. The company reports a profit margin of 13.0% and return on equity of 69.1%.
MMM Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $79.95B |
| P/E Ratio | 24.60 |
| EPS | $6.00 |
| P/B Ratio | 17.00 |
| P/S Ratio | 3.20 |
| EV/EBITDA | 15.58 |
| Dividend Yield | 1.95% |
| Profit Margin | 13.0% |
| Return on Equity | 69.1% |
| Debt/Equity | 2.68 |
MMM Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $32.14B | $4.52B |
| FY20 | $32.18B | $5.45B |
| FY21 | $35.35B | $5.92B |
| FY22 | $26.16B | $5.78B |
| FY23 | $24.61B | $-7.00B |
| FY24 | $24.57B | $4.17B |
| FY25 | $24.95B | $3.25B |
3M Company (MMM) Valuation
Based on GoodMoat's DCF model, 3M Company has a fair value estimate of $77.66. At the current price of $150.50, the stock appears 93.8% overvalued relative to our intrinsic value estimate.
MMM Quality Indicators
3M Company maintains a profit margin of 13.0% and an operating margin of 18.6%. Return on equity stands at 69.1%. The current ratio is 1.71. Debt-to-equity ratio is 2.68.
About 3M Company
3M Company (3M) is a diversified technology company. The Company operates in six segments: industrial and transportation; healthcare; consumer and office; safety, security and protection services; display and graphics, and electro and communications businesses. 3M products are sold through a number of distribution channels, including directly to users and through wholesalers, retailers, jobbers, distributors and dealers in a range of trades in a number of countries worldwide. In April 2012, it acquired CodeRyte Inc. In September 2012, it acquired the business of Federal Signal Technologies Group (FSTech) from Federal Signal Corporation. On November 28, 2012, the Company acquired Ceradyne, Inc.
MMM Free Cash Flow
3M Company generated $1.49B in trailing twelve-month free cash flow, representing an FCF yield of 1.86%. This low FCF yield may reflect heavy reinvestment or growth spending.
MMM Shares Outstanding
3M Company has 0.53 billion shares outstanding at a share price of $150.50, giving it a market capitalization of $79.95B.
MMM Recent Insider Trades
Recent insider transactions at 3M Company include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| Reinseth Theresa E (Sr Vice President & CAO) | SELL | 1,796 | $310331.02 |
| Dickson Zoe L (EVP & Chief HR Officer) | SELL | 25,055 | $4.27M |
| Dickson Zoe L (EVP & Chief HR Officer) | SELL | 20,519 | $3.49M |