3M Company

SWX:MMM Stock Report

Market Cap: CHF 62.8b

3M Valuation

Is MMM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MMM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MMM (CHF115) is trading below our estimate of fair value (CHF240.47)

Significantly Below Fair Value: MMM is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MMM?

Key metric: As MMM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MMM. This is calculated by dividing MMM's market cap by their current earnings.
What is MMM's PE Ratio?
PE Ratio13.3x
EarningsUS$5.32b
Market CapUS$70.68b

Price to Earnings Ratio vs Peers

How does MMM's PE Ratio compare to its peers?

The above table shows the PE ratio for MMM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.7x
ABBN ABB
26.4x9.2%CHF 90.7b
SCHN Schindler Holding
28.6x6.7%CHF 26.9b
GEBN Geberit
28.5x5.3%CHF 17.2b
VACN VAT Group
51.2x21.8%CHF 10.3b
MMM 3M
13.3x-2.1%CHF 70.7b

Price-To-Earnings vs Peers: MMM is good value based on its Price-To-Earnings Ratio (13.3x) compared to the peer average (33.8x).

Price to Earnings Ratio vs Industry

How does MMM's PE Ratio compare vs other companies in the European Industrials Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MMM 13.3xIndustry Avg. 16.8xNo. of Companies6PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MMM is good value based on its Price-To-Earnings Ratio (13.3x) compared to the European Industrials industry average (16.5x).

Price to Earnings Ratio vs Fair Ratio

What is MMM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MMM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.3x
Fair PE Ratio25.1x

Price-To-Earnings vs Fair Ratio: MMM is good value based on its Price-To-Earnings Ratio (13.3x) compared to the estimated Fair Price-To-Earnings Ratio (25.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MMM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 115.00
CHF 130.63
+13.6%
16.7%CHF 163.95CHF 79.30n/a18
Nov ’25CHF 115.00
CHF 124.74
+8.5%
16.2%CHF 156.71CHF 77.48n/a18
Oct ’25CHF 110.00
CHF 112.03
+1.8%
15.0%CHF 137.09CHF 75.31n/a18
Sep ’25CHF 110.00
CHF 111.05
+1.0%
13.5%CHF 130.02CHF 77.14n/a17
Aug ’25CHF 92.00
CHF 110.11
+19.7%
15.0%CHF 131.04CHF 77.75n/a17
Jul ’25CHF 92.00
CHF 97.59
+6.1%
11.7%CHF 125.62CHF 78.07n/a17
Jun ’25CHF 92.00
CHF 96.66
+5.1%
11.1%CHF 127.89CHF 79.48n/a16
May ’25CHF 82.00
CHF 93.43
+13.9%
7.6%CHF 102.94CHF 79.97n/a17
Apr ’25CHF 85.00
CHF 94.52
+11.2%
10.2%CHF 113.97CHF 75.98n/a17
Mar ’25CHF 79.00
CHF 95.37
+20.7%
9.1%CHF 111.91CHF 74.90n/a17
Feb ’25CHF 87.50
CHF 94.42
+7.9%
7.9%CHF 106.98CHF 75.06n/a18
Jan ’25CHF 92.00
CHF 96.37
+4.8%
13.3%CHF 135.13CHF 71.44n/a17
Dec ’24CHF 85.00
CHF 96.35
+13.3%
14.4%CHF 138.22CHF 73.07n/a17
Nov ’24CHF 78.00
CHF 99.19
+27.2%
14.4%CHF 142.53CHF 75.35CHF 115.0017
Oct ’24CHF 87.50
CHF 104.36
+19.3%
11.8%CHF 144.54CHF 86.19CHF 110.0018
Sep ’24CHF 93.50
CHF 103.84
+11.1%
11.6%CHF 142.22CHF 84.80CHF 110.0017
Aug ’24CHF 95.00
CHF 100.92
+6.2%
12.4%CHF 140.92CHF 84.02CHF 92.0018
Jul ’24CHF 87.00
CHF 98.94
+13.7%
13.2%CHF 141.69CHF 82.50CHF 92.0018
Jun ’24CHF 91.00
CHF 101.78
+11.9%
12.5%CHF 143.17CHF 86.08CHF 92.0018
May ’24CHF 93.50
CHF 104.65
+11.9%
17.5%CHF 161.31CHF 84.66CHF 82.0018
Apr ’24CHF 94.00
CHF 112.23
+19.4%
20.4%CHF 180.84CHF 91.80CHF 85.0018
Mar ’24CHF 102.00
CHF 115.13
+12.9%
19.2%CHF 182.28CHF 97.15CHF 79.0018
Feb ’24CHF 106.00
CHF 115.13
+8.6%
19.2%CHF 182.28CHF 97.15CHF 87.5018
Jan ’24CHF 122.00
CHF 124.81
+2.3%
19.0%CHF 193.98CHF 101.61CHF 92.0018
Dec ’23CHF 122.00
CHF 126.29
+3.5%
19.2%CHF 196.77CHF 103.07CHF 85.0018
Nov ’23CHF 128.00
CHF 133.76
+4.5%
19.2%CHF 210.28CHF 110.15CHF 78.0019

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

HOCHTIEF

€8.5b

Engages in the construction business worldwide.

336340

€146.50

7D

0%

1Y

0%

Varta

€108.1m

Through its subsidiaries, engages in the research, development, production, and sale of micro and household batteries, large-format batteries, battery solutions, and energy storage systems in Europe, Asia, North America, and internationally.

VAR1

€200.00

7D

0%

1Y

0%

Heidelberger Druckmaschinen

€287.9m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

682694

€1.52

7D

0%

1Y

0%