3M Company develops, manufactures, and markets various products worldwide. More Details
Solid track record established dividend payer.
Share Price & News
How has 3M's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MMM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: MMM's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: MMM underperformed the US Industrials industry which returned 53.1% over the past year.
Return vs Market: MMM underperformed the US Market which returned 56.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is 3M's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StSome Investors May Be Worried About 3M's (NYSE:MMM) Returns On Capital
1 week ago | Simply Wall StShould You Investigate 3M Company (NYSE:MMM) At US$195?
3 weeks ago | Simply Wall StEstimating The Intrinsic Value Of 3M Company (NYSE:MMM)
Is 3M undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MMM ($198) is trading below our estimate of fair value ($204.75)
Significantly Below Fair Value: MMM is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MMM is good value based on its PE Ratio (21.2x) compared to the US Industrials industry average (31.2x).
PE vs Market: MMM is good value based on its PE Ratio (21.2x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: MMM is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: MMM is overvalued based on its PB Ratio (8.9x) compared to the US Industrials industry average (3.9x).
How is 3M forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MMM's forecast earnings growth (6.2% per year) is above the savings rate (2%).
Earnings vs Market: MMM's earnings (6.2% per year) are forecast to grow slower than the US market (18.6% per year).
High Growth Earnings: MMM's earnings are forecast to grow, but not significantly.
Revenue vs Market: MMM's revenue (4.3% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: MMM's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MMM's Return on Equity is forecast to be high in 3 years time (37%)
How has 3M performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MMM has high quality earnings.
Growing Profit Margin: MMM's current net profit margins (16.7%) are higher than last year (14.2%).
Past Earnings Growth Analysis
Earnings Trend: MMM's earnings have grown by 0.5% per year over the past 5 years.
Accelerating Growth: MMM's earnings growth over the past year (17.7%) exceeds its 5-year average (0.5% per year).
Earnings vs Industry: MMM earnings growth over the past year (17.7%) exceeded the Industrials industry -31.6%.
Return on Equity
High ROE: Whilst MMM's Return on Equity (41.67%) is outstanding, this metric is skewed due to their high level of debt.
How is 3M's financial position?
Financial Position Analysis
Short Term Liabilities: MMM's short term assets ($15.0B) exceed its short term liabilities ($7.9B).
Long Term Liabilities: MMM's short term assets ($15.0B) do not cover its long term liabilities ($26.5B).
Debt to Equity History and Analysis
Debt Level: MMM's debt to equity ratio (145.3%) is considered high.
Reducing Debt: MMM's debt to equity ratio has increased from 94.2% to 145.3% over the past 5 years.
Debt Coverage: MMM's debt is well covered by operating cash flow (43.2%).
Interest Coverage: MMM's interest payments on its debt are well covered by EBIT (14.1x coverage).
What is 3M current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MMM's dividend (2.99%) is higher than the bottom 25% of dividend payers in the US market (1.26%).
High Dividend: MMM's dividend (2.99%) is low compared to the top 25% of dividend payers in the US market (3.5%).
Stability and Growth of Payments
Stable Dividend: MMM's dividends per share have been stable in the past 10 years.
Growing Dividend: MMM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (63.1%), MMM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MMM's dividends in 3 years are forecast to be covered by earnings (58.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Roman (60 yo)
Mr. Michael F. Roman, also known as Mike, has been Chief Executive Officer of 3M Company since July 1, 2018 and has been its Director since 2018 and Chairman of the Board since May 2019. Mr. Roman serves a...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD20.70M) is above average for companies of similar size in the US market ($USD10.98M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Experienced Management: MMM's management team is considered experienced (2.8 years average tenure).
Experienced Board: MMM's board of directors are considered experienced (5.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MMM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
3M Company's company bio, employee growth, exchange listings and data sources
- Name: 3M Company
- Ticker: MMM
- Exchange: NYSE
- Founded: 1902
- Industry: Industrial Conglomerates
- Sector: Capital Goods
- Market Cap: US$114.725b
- Shares outstanding: 579.42m
- Website: https://www.3m.com
Number of Employees
- 3M Company
- 3M Center
- St. Paul
- United States
3M Company develops, manufactures, and markets various products worldwide. It operates through four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/10 22:13|
|End of Day Share Price||2021/04/09 00:00|
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.