3M Future Growth

Future criteria checks 4/6

3M's revenue is forecast to decline at 5.2% per annum while its annual earnings are expected to grow at 42.5% per year. EPS is expected to grow by 42.5% per annum. Return on equity is forecast to be 128.7% in 3 years.

Key information

42.5%

Earnings growth rate

42.5%

EPS growth rate

Industrials earnings growth	12.0%
Revenue growth rate	-5.2%
Future return on equity	128.7%
Analyst coverage	Good
Last updated	14 Apr 2024

Recent future growth updates

Recent updates

CashFlow Hunter On Pair Trading, 3M And Iris Energy

Mar 28

An Intrinsic Calculation For 3M Company (NYSE:MMM) Suggests It's 46% Undervalued

Mar 23

Earnings and Revenue Growth Forecasts

NYSE:MMM - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	25,736	4,090	3,304	5,378	4
12/31/2025	24,702	3,795	3,403	5,118	6
12/31/2024	25,829	3,811	3,554	4,836	5
12/31/2023	32,681	-6,995	5,065	6,680	N/A
9/30/2023	32,747	-7,399	4,853	6,616	N/A
6/30/2023	33,054	-1,465	4,444	6,237	N/A
3/31/2023	33,431	5,454	4,055	5,855	N/A
12/31/2022	34,229	5,777	3,842	5,591	N/A
9/30/2022	34,762	6,575	3,875	5,674	N/A
6/30/2022	35,085	4,150	4,310	6,017	N/A
3/31/2022	35,333	5,596	5,060	6,777	N/A
12/31/2021	35,355	5,921	5,851	7,454	N/A
9/30/2021	35,326	5,987	6,495	7,964	N/A
6/30/2021	34,734	5,983	7,076	8,570	N/A
3/31/2021	32,960	5,765	7,109	8,588	N/A
12/31/2020	32,184	5,449	6,612	8,113	N/A
9/30/2020	31,712	5,013	6,319	7,936	N/A
6/30/2020	31,353	5,166	5,880	7,478	N/A
3/31/2020	32,348	4,987	5,595	7,235	N/A
12/31/2019	32,136	4,517	5,371	7,070	N/A
9/30/2019	31,970	4,948	5,298	6,990	N/A
6/30/2019	32,131	4,908	5,387	7,107	N/A
3/31/2019	32,350	5,638	5,680	7,344	N/A
12/31/2018	32,765	5,349	4,862	6,439	N/A
9/30/2018	32,810	4,525	4,536	6,041	N/A
6/30/2018	32,830	4,411	4,199	5,652	N/A
3/31/2018	32,250	4,137	4,005	5,395	N/A
12/31/2017	31,657	4,858	4,867	6,240	N/A
9/30/2017	30,996	5,490	N/A	6,589	N/A
6/30/2017	30,533	5,390	N/A	6,747	N/A
3/31/2017	30,385	5,098	N/A	6,390	N/A
12/31/2016	30,109	5,050	N/A	6,662	N/A
9/30/2016	30,078	4,933	N/A	6,791	N/A
6/30/2016	30,081	4,900	N/A	6,547	N/A
3/31/2016	30,105	4,909	N/A	6,600	N/A
12/31/2015	30,274	4,833	N/A	6,420	N/A
9/30/2015	30,695	4,974	N/A	6,265	N/A
6/30/2015	31,120	4,981	N/A	6,312	N/A
3/31/2015	31,568	4,948	N/A	6,614	N/A
12/31/2014	31,821	4,956	N/A	6,626	N/A
9/30/2014	31,671	4,880	N/A	6,436	N/A
6/30/2014	31,450	4,807	N/A	5,876	N/A
3/31/2014	31,068	4,737	N/A	5,915	N/A
12/31/2013	30,871	4,659	N/A	5,817	N/A
9/30/2013	30,689	4,547	N/A	5,562	N/A
6/30/2013	30,270	4,478	N/A	5,756	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MMM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: MMM is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MMM is expected to become profitable in the next 3 years.

Revenue vs Market: MMM's revenue is expected to decline over the next 3 years (-5.2% per year).

High Growth Revenue: MMM's revenue is forecast to decline over the next 3 years (-5.2% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MMM's Return on Equity is forecast to be very high in 3 years time (128.7%).

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3M Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

3M Company Provides Earnings Guidance for the First Quarter 2024

3M Company Updates Earnings Guidance for the Full Year 2023

Recent updates

Judge Approves Historic $12.5 Billion 3M Settlement to Clean America’s Water Supplies

3M Announces Settlement with Public Water Suppliers to Address PFAS in Drinking Water Receives Final Court Approval

CashFlow Hunter On Pair Trading, 3M And Iris Energy

3M Announces Combat Arms Earplugs Settlement Moves to Final Resolution

An Intrinsic Calculation For 3M Company (NYSE:MMM) Suggests It's 46% Undervalued

3M Company Provides Earnings Guidance for the First Quarter 2024

3M Company, Annual General Meeting, May 14, 2024

3M Company Announces CEO Changes, Effective May 1, 2024

3M Stock: Outlook For This Dividend Stock After Post-Earnings Dip

Fourth quarter dividend increased to US$1.51

3M Declares Quarterly Dividend, Payable on March 12, 2024

3M: A Dividend Cut Is Needed To Boost Price Recovery

3M Provides Update on Combat Arms Earplugs Litigation Settlement

3M Company's (NYSE:MMM) Business Is Yet to Catch Up With Its Share Price

3M: Weak Outlook Sends Shares Lower

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 20% undervalued

3M Announced 3M Scotch-Brite Range of Home Cleaning Products

3M: Not The Time To Buy Just Yet

These Return Metrics Don't Make 3M (NYSE:MMM) Look Too Strong

M.J. Maillis Single Member S.A.- Industrial Packaging Systems & Technologies acquired additional 50% stake in Combi Packaging Systems LLC from 3M Company (NYSE:MMM).

Calculating The Fair Value Of 3M Company (NYSE:MMM)

3M: Stock Stabilizing, Remains Undervalued With Strong Free Cash Flow

High number of new directors

Jeff Lavers to Depart from 3M Company as Group President, Health Care Business Group, Effective December 1, 2023

3M Company Appoints Tom Sweet to Board of Directors

3M Co. Appoints Wayde Mcmillan as Chief Financial Officer for the Company's Health Care Business Group, Effective November 1

3M: Back To 15Y Lows - Buy The Uncertainty

Is 3M Company Stock A Buy Amid Legal Headaches

Singleton Schreiber Files Class Action Against Several Corporations Alleging Contamination of Private Water Supplies in Town of Campbell

3M At 5-Year Lows Due To Pullback From Lawsuits

3M: A 7%-Yielding, 30% Undervalued Dumpster Fire

Angeion Group Announces Proposed Settlement in Aqueous Film-Forming Foams Product Liability Litigation Involving Public Water Systems

Why CashFlow Hunter Is Short 3M And Long Iris Energy

3M: Record Low Price/FCF, Litigation Pessimism Priced In, Technical Risks

SEC Charges 3M Company with Foreign Corrupt Practices Act Violations Relating to China Subsidiary

3M (NYSE:MMM) Seems To Use Debt Quite Sensibly

3M Company Announces Management Appointments

3M Company Elects Audrey Choi as Board of Director

Pierrel S.p.A. (BIT:PRL) completed the acquisition of assets associated with Dental local anesthetic business from 3M Company (NYSE:MMM) for $70 million.

3M Company Updates Earnings Guidance for the Full Year 2023

3M Company: Soaring On Earnings

New minor risk - Dividend sustainability

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

3M Company: I Replaced A Loser With These 3 Leaders

Is 3M Company (NYSE:MMM) Trading At A 33% Discount?

3M: The 6% Yield Might Be Doomed, So Buy These Blue-Chips Instead

Baron & Budd and Cossich, Sumich, Parsiola & Taylor Obtain $12.5 Billion Settlement with 3M Company to Resolve PFAS Contamination Suits for Public Water Providers

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Roosevelt County Water Coop Sues 3M, DuPont, Raytheon, Several Others Over PFAS Contamination

2 Reasons To Sell 3M Stock Despite The 'Good' News

What Does 3M Company's (NYSE:MMM) Share Price Indicate?

3M: Positive Lawsuit Developments For This Cheap Dividend King

3M: A 6% Yield With Strong Free Cash Flow, Shares At Long-Term Support

3M (NYSE:MMM) Will Be Hoping To Turn Its Returns On Capital Around

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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