3M Company develops, manufactures, and markets various products worldwide.
Established dividend payer with mediocre balance sheet.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MMM underperformed the US Industrials industry which returned -24.1% over the past year.
Return vs Market: MMM underperformed the US Market which returned -11.5% over the past year.
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
2 months ago | Simply Wall StShould You Be Impressed By 3M Company's (NYSE:MMM) ROE?
2 months ago | Simply Wall StIntroducing 3M (NYSE:MMM), A Stock That Climbed 12% In The Last Five Years
2 months ago | Simply Wall StWe Think 3M (NYSE:MMM) Can Stay On Top Of Its Debt
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 ($133.24) is trading below our estimate of fair value ($206.44)
Significantly Below Fair Value: MMM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MMM is poor value based on its PE Ratio (16.8x) compared to the Industrials industry average (9.6x).
PE vs Market: MMM is poor value based on its PE Ratio (16.8x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: MMM is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: MMM is overvalued based on its PB Ratio (7.6x) compared to the US Industrials industry average (3.4x).
How is 3M forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MMM's forecast earnings growth (8.7% per year) is above the savings rate (1.7%).
Earnings vs Market: MMM's earnings (8.7% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: MMM's earnings are forecast to grow, but not significantly.
Revenue vs Market: MMM's revenue (3.1% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: MMM's revenue (3.1% 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 very high in 3 years time (43.7%).
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 (14.2%) are lower than last year (16.3%).
Past Earnings Growth Analysis
Earnings Trend: MMM's earnings have declined by -0.3% per year over the past 5 years.
Accelerating Growth: MMM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MMM had negative earnings growth (-14.6%) over the past year, making it difficult to compare to the Industrials industry average (-1.8%).
Return on Equity
High ROE: Whilst MMM's Return on Equity (45.25%) 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 ($13.0B) exceed its short term liabilities ($9.2B).
Long Term Liabilities: MMM's short term assets ($13.0B) do not cover its long term liabilities ($25.3B).
Debt to Equity History and Analysis
Debt Level: MMM's debt to equity ratio (200.6%) is considered high.
Reducing Debt: MMM's debt to equity ratio has increased from 51.8% to 200.6% over the past 5 years.
Debt Coverage: MMM's debt is well covered by operating cash flow (34.8%).
Interest Coverage: MMM's interest payments on its debt are well covered by EBIT (19.4x coverage).
Inventory Level: MMM has a high level of physical assets or inventory.
Debt Coverage by Assets: MMM's debt is not covered by short term assets (assets are 0.6x debt).
What is 3M's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MMM's dividend (4.41%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: MMM's dividend (4.41%) is low compared to the top 25% of dividend payers in the US market (5.45%).
Stability and Growth of Payments
Stable Dividend: MMM's dividends per share have been stable in the past 10 years.
Growing Dividend: MMM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (72.7%), MMM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MMM's dividends in 3 years are forecast to be covered by earnings (63.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Roman (59yo)
Mr. Michael F. Roman, also known as Mike, has been Chief Executive Officer of 3M Company since July 1, 2018 and has been its Director since 2018 and Chairman of the Board since May 2019. Mr. Roman serves a ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD12.86M) is about average for companies of similar size in the US market ($USD11.74M).
Compensation vs Earnings: Mike's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO, President & Chairman||1.67yrs||US$12.86m||0.0047% $3.7m|
|Senior VP & CFO||5.75yrs||US$7.74m||0.0032% $2.5m|
|Executive Vice President of International Operations||8.75yrs||US$5.34m||0.0068% $5.3m|
|VP, Corporate Controller & Chief Accounting Officer||0.92yr||no data||0.00028% $219.3k|
|Senior VP of Innovation & Stewardship and CTO||2.67yrs||no data||0.0014% $1.1m|
|Vice President of Investor Relations||no data||no data||no data|
|Senior VP||7.42yrs||US$2.97m||0.0056% $4.4m|
|VP and Chief Ethics & Compliance Officer||1.17yrs||no data||no data|
|Senior Vice President of Human Resources||1.67yrs||no data||0.00036% $282.0k|
|Head of Industrial Mineral Products - Safety||no data||no data||no data|
Experienced Management: MMM's management team is considered experienced (2.2 years average tenure).
|CEO, President & Chairman||1.67yrs||US$12.86m||0.0047% $3.7m|
|Independent Director||20.17yrs||US$325.00k||no data|
|Independent Lead Director||7.33yrs||US$360.27k||no data|
|Independent Director||13.17yrs||US$305.62k||no data|
|Independent Director||4.58yrs||US$330.57k||0.00021% $164.5k|
|Independent Director||4.08yrs||US$305.39k||0.00062% $485.7k|
|Independent Director||4.08yrs||US$305.44k||0.00069% $540.5k|
|Independent Director||6.58yrs||US$305.00k||no data|
|Independent Director||2.58yrs||US$305.76k||no data|
|Independent Director||6.92yrs||US$325.71k||no data|
Experienced Board: MMM's board of directors are considered experienced (5.6 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$78.339b
- Shares outstanding: 575.26m
- Website: https://www.3m.com
Number of Employees
- 3M Company
- 3M Center
- St. Paul
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MMM||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1968|
|MMM||SWX (SIX Swiss Exchange)||Yes||Common Stock||CH||CHF||Jan 1968|
|MMM *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Jan 1968|
|MMM||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1968|
|0QNY||LSE (London Stock Exchange)||Yes||Common Stock||GB||CHF||Jan 1968|
|MMM||XTRA (XETRA Trading Platform)||Yes||Common Stock||DE||EUR||Jan 1968|
|MMM||SNSE (Santiago Stock Exchange)||Yes||Common Stock||CL||USD||Jan 1968|
|MMM||ETLX (Eurotlx)||Yes||Common Stock||IT||EUR||Jan 1968|
|MMM||WBAG (Wiener Boerse AG)||Yes||Common Stock||AT||EUR||Jan 1968|
|MMM||BASE (Buenos Aires Stock Exchange)||CEDEAR EACH REPR 1/5 COM USD0.01||AR||ARS||Nov 2003|
|MMMC34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH REPR 0.25 COM USD0.01||BR||BRL||Aug 2012|
3M Company develops, manufactures, and markets various products worldwide. It operates through four business segments: Safety & Industrial, Transportation & Electronics, Health Care, and Consumer. The Safety & Industrial segment offers personal safety products, adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The Transportation & Electronics provides electronics, such as display materials and systems, electronic materials solutions; automotive, aerospace, and commercial solutions; advanced materials; and transportation safety products. This segment serves transportation and electronic original equipment manufacturer customers. The Health Care segment offers medical solutions, oral care, separation and purification sciences, health information systems, drug delivery systems, and food safety products. The Consumer segment provides home improvement, home care, and consumer health care products, as well as stationery and office supplies. This segment is also involved in the retail auto care business. The company serves automotive, electronics and automotive electrification, appliance, paper and printing, packaging, food and beverage, construction, medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, health information systems, food manufacturing and testing, consumer and office retail, office business to business, home improvement, drug and pharmacy retail, and other markets. 3M Company was founded in 1902 and is headquartered in St. Paul, Minnesota.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 01:51|
|End of Day Share Price||2020/03/27 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.