3M Company

SWX:MMM Stock Report

Market Cap: CHF 69.7b

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.

Discounted Cash Flow
Simply Wall St
CHF 252.02
Fair Value
47.6% undervalued intrinsic discount
18
Number of Analysts

Below Fair Value: MMM (CHF132) is trading below our estimate of fair value (CHF252.02)

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 Ratio14.4x
EarningsUS$5.32b
Market CapUS$76.80b

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 Average27.3x
ABBN ABB
27x9.0%CHF 94.9b
SCHN Schindler Holding
29x6.0%CHF 27.0b
GEBN Geberit
27.7x5.5%CHF 16.7b
6501 Hitachi
25.7x11.6%JP¥17.3t
MMM 3M
14.4x-1.6%CHF 76.8b

Price-To-Earnings vs Peers: MMM is good value based on its Price-To-Earnings Ratio (14.4x) compared to the peer average (27.3x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MMM 14.4xIndustry Avg. 16.8xNo. of Companies5PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MMM is good value based on its Price-To-Earnings Ratio (14.4x) compared to the European Industrials industry average (16.8x).

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 Ratio14.4x
Fair PE Ratio25x

Price-To-Earnings vs Fair Ratio: MMM is good value based on its Price-To-Earnings Ratio (14.4x) compared to the estimated Fair Price-To-Earnings Ratio (25x).

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 132.00
CHF 132.49
+0.4%
17.3%CHF 169.61CHF 80.72n/a18
Jan ’26CHF 112.00
CHF 130.87
+16.9%
16.8%CHF 164.17CHF 79.41n/a18
Dec ’25CHF 111.00
CHF 128.85
+16.1%
16.7%CHF 162.00CHF 78.36n/a18
Nov ’25CHF 115.00
CHF 123.92
+7.8%
16.2%CHF 155.68CHF 76.98n/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 71.44CHF 112.0017
Dec ’24CHF 85.00
CHF 96.35
+13.3%
14.4%CHF 138.22CHF 73.07CHF 111.0017
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
Analyst Price Target
Consensus Narrative from 18 Analysts
CHF 136.72
Fair Value
3.5% undervalued intrinsic discount
18
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/21 04:47
End of Day Share Price 2025/01/21 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

3M Company is covered by 36 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
Ishan MajumdarBaptista Research
Robert CornellBarclays