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J. M. Smucker

NYSE:SJM
Snowflake Description

Established dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SJM
NYSE
$14B
Market Cap
  1. Home
  2. US
  3. Food, Beverage & Tobacco
Company description

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. The last earnings update was 12 days ago. More info.


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SJM Share Price and Events
7 Day Returns
-2%
NYSE:SJM
0.7%
US Food
0.1%
US Market
1 Year Returns
15.4%
NYSE:SJM
0.5%
US Food
1.2%
US Market
SJM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
J. M. Smucker (SJM) -2% -5% 12.6% 15.4% -17.4% 13.4%
US Food 0.7% 1.1% 7.8% 0.5% -12.2% 22.4%
US Market 0.1% 0.6% 0.9% 1.2% 36.7% 37.9%
1 Year Return vs Industry and Market
  • SJM outperformed the Food industry which returned 0.5% over the past year.
  • SJM outperformed the Market in United States of America which returned 1.2% over the past year.
Price Volatility
SJM
Industry
5yr Volatility vs Market

Value

 Is J. M. Smucker undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of J. M. Smucker to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for J. M. Smucker.

NYSE:SJM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:SJM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.545 (1 + (1- 21%) (43.09%))
0.819
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.819 * 5.96%)
7.61%

Discounted Cash Flow Calculation for NYSE:SJM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for J. M. Smucker is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:SJM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.61%)
2019 730.67 Analyst x3 678.97
2020 924.33 Analyst x3 798.16
2021 1,017.33 Analyst x3 816.31
2022 952.00 Analyst x1 709.84
2023 915.55 Est @ -3.83% 634.37
2024 898.51 Est @ -1.86% 578.51
2025 894.17 Est @ -0.48% 534.98
2026 898.46 Est @ 0.48% 499.52
2027 908.84 Est @ 1.16% 469.54
2028 923.63 Est @ 1.63% 443.42
Present value of next 10 years cash flows $6,163.62
NYSE:SJM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $923.63 × (1 + 2.73%) ÷ (7.61% – 2.73%)
$19,427.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $19,427.84 ÷ (1 + 7.61%)10
$9,326.91
NYSE:SJM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6,163.62 + $9,326.91
$15,490.53
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $15,490.53 / 113.74
$136.19
NYSE:SJM Discount to Share Price
Calculation Result
Value per share (USD) From above. $136.19
Current discount Discount to share price of $120.60
= -1 x ($120.60 - $136.19) / $136.19
11.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price J. M. Smucker is available for.
Intrinsic value
11%
Share price is $120.6 vs Future cash flow value of $136.19
Current Discount Checks
For J. M. Smucker to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • J. M. Smucker's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • J. M. Smucker's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for J. M. Smucker's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are J. M. Smucker's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:SJM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in USD $4.52
NYSE:SJM Share Price ** NYSE (2019-06-18) in USD $120.6
United States of America Food Industry PE Ratio Median Figure of 43 Publicly-Listed Food Companies 25x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of J. M. Smucker.

NYSE:SJM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SJM Share Price ÷ EPS (both in USD)

= 120.6 ÷ 4.52

26.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • J. M. Smucker is overvalued based on earnings compared to the US Food industry average.
  • J. M. Smucker is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does J. M. Smucker's expected growth come at a high price?
Raw Data
NYSE:SJM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
20.8%per year
United States of America Food Industry PEG Ratio Median Figure of 31 Publicly-Listed Food Companies 1.56x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NYSE:SJM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.66x ÷ 20.8%

1.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • J. M. Smucker is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on J. M. Smucker's assets?
Raw Data
NYSE:SJM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in USD $70.10
NYSE:SJM Share Price * NYSE (2019-06-18) in USD $120.6
United States of America Food Industry PB Ratio Median Figure of 70 Publicly-Listed Food Companies 1.96x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NYSE:SJM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SJM Share Price ÷ Book Value per Share (both in USD)

= 120.6 ÷ 70.10

1.72x

* Primary Listing of J. M. Smucker.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • J. M. Smucker is good value based on assets compared to the US Food industry average.
X
Value checks
We assess J. M. Smucker's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. J. M. Smucker has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is J. M. Smucker expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is J. M. Smucker expected to grow at an attractive rate?
  • J. M. Smucker's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • J. M. Smucker's earnings growth is expected to exceed the United States of America market average.
  • J. M. Smucker's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:SJM Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:SJM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 20.8%
NYSE:SJM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 0.6%
United States of America Food Industry Earnings Growth Rate Market Cap Weighted Average 21.3%
United States of America Food Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:SJM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:SJM Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-04-30 7,952 1,263 1,070 5
2021-04-30 7,965 1,323 830 13
2020-04-30 7,874 1,233 781 14
NYSE:SJM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-04-30 7,838 1,141 514
2019-01-31 7,717 1,181 629
2018-10-31 7,609 1,229 1,339
2018-07-31 7,511 1,157 1,345
2018-04-30 7,357 1,218 1,339
2018-01-31 7,360 1,168 1,263
2017-10-31 7,335 1,118 566
2017-07-31 7,325 1,124 549
2017-04-30 7,392 1,059 592
2017-01-31 7,416 1,131 673
2016-10-31 7,511 1,254 724
2016-07-31 7,675 1,393 722

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • J. M. Smucker's earnings are expected to grow significantly at over 20% yearly.
  • J. M. Smucker's revenue is expected to grow by 0.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:SJM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from J. M. Smucker Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SJM Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-04-30 9.55 9.55 9.55 1.00
2021-04-30 7.33 7.95 6.93 3.00
2020-04-30 6.86 6.94 6.79 3.00
NYSE:SJM Past Financials Data
Date (Data in USD Millions) EPS *
2019-04-30 4.52
2019-01-31 5.53
2018-10-31 11.79
2018-07-31 11.83
2018-04-30 11.79
2018-01-31 11.10
2017-10-31 4.95
2017-07-31 4.77
2017-04-30 5.11
2017-01-31 5.75
2016-10-31 6.14
2016-07-31 6.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • J. M. Smucker is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess J. M. Smucker's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
J. M. Smucker has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has J. M. Smucker performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare J. M. Smucker's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • J. M. Smucker's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • J. M. Smucker's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • J. M. Smucker's 1-year earnings growth is negative, it can't be compared to the US Food industry average.
Earnings and Revenue History
J. M. Smucker's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from J. M. Smucker Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SJM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 7,838.00 514.40 1,508.60
2019-01-31 7,717.20 628.80 1,470.70
2018-10-31 7,608.60 1,338.70 1,428.20
2018-07-31 7,510.70 1,344.80 1,405.30
2018-04-30 7,357.10 1,338.60 1,370.80
2018-01-31 7,359.60 1,263.10 1,373.30
2017-10-31 7,335.10 566.40 1,379.90
2017-07-31 7,325.40 549.10 1,383.50
2017-04-30 7,392.30 592.30 1,390.70
2017-01-31 7,416.10 672.90 1,408.10
2016-10-31 7,511.20 723.60 1,452.00
2016-07-31 7,675.00 722.30 1,478.70
2016-04-30 7,811.20 688.70 1,510.30
2016-01-31 7,450.70 407.40 1,446.70
2015-10-31 6,916.80 383.00 1,302.90
2015-07-31 6,320.90 365.30 1,165.50
2015-04-30 5,692.70 344.90 1,031.30
2015-01-31 5,479.90 553.70 961.10
2014-10-31 5,505.40 559.50 974.10
2014-07-31 5,583.50 554.60 992.00
2014-04-30 5,610.60 565.20 988.80
2014-01-31 5,716.00 577.00 1,004.30
2013-10-31 5,810.10 564.50 1,005.00
2013-07-31 5,878.90 559.90 991.90
2013-04-30 5,897.70 544.20 973.90
2013-01-31 5,913.37 517.99 954.93
2012-10-31 5,821.41 480.63 928.95
2012-07-31 5,706.62 459.08 908.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • J. M. Smucker has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • J. M. Smucker used its assets less efficiently than the US Food industry average last year based on Return on Assets.
  • J. M. Smucker's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess J. M. Smucker's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
J. M. Smucker has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is J. M. Smucker's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up J. M. Smucker's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • J. M. Smucker's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • J. M. Smucker's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of J. M. Smucker's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from J. M. Smucker Company Filings, last reported 1 month ago.

NYSE:SJM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 7,970.50 5,910.80 101.30
2019-01-31 8,021.60 6,126.70 206.50
2018-10-31 8,030.00 6,275.10 171.20
2018-07-31 7,930.80 6,714.90 192.00
2018-04-30 7,891.10 4,832.00 192.60
2018-01-31 7,804.20 4,942.50 186.20
2017-10-31 7,036.30 5,257.60 183.80
2017-07-31 6,931.90 5,228.00 185.70
2017-04-30 6,850.20 5,398.50 166.80
2017-01-31 7,241.90 5,087.00 139.60
2016-10-31 7,180.10 5,351.40 121.80
2016-07-31 7,095.90 5,351.70 109.60
2016-04-30 7,008.50 5,430.00 109.80
2016-01-31 7,325.50 5,284.30 140.50
2015-10-31 7,233.20 5,864.50 139.00
2015-07-31 7,130.00 5,997.30 133.60
2015-04-30 7,086.90 6,170.90 125.60
2015-01-31 5,224.20 2,179.80 111.70
2014-10-31 5,165.00 2,436.70 121.80
2014-07-31 5,084.40 2,351.10 162.20
2014-04-30 5,029.60 2,219.40 171.50
2014-01-31 5,204.80 2,029.40 182.30
2013-10-31 5,167.90 2,241.60 168.70
2013-07-31 5,075.10 2,102.10 157.50
2013-04-30 5,148.80 2,017.80 256.40
2013-01-31 5,260.24 2,068.51 438.81
2012-10-31 5,152.75 2,069.20 203.56
2012-07-31 5,223.45 2,069.88 311.47
  • J. M. Smucker's level of debt (74.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (44.2% vs 74.2% today).
  • Debt is not well covered by operating cash flow (19.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.8x coverage).
X
Financial health checks
We assess J. M. Smucker's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. J. M. Smucker has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is J. M. Smucker's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.82%
Current annual income from J. M. Smucker dividends. Estimated to be 3.03% next year.
If you bought $2,000 of J. M. Smucker shares you are expected to receive $56 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • J. M. Smucker's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • J. M. Smucker's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:SJM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
United States of America Food Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:SJM Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-04-30 3.87 5.00
2021-04-30 3.67 8.00
2020-04-30 3.53 9.00
NYSE:SJM Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-22 3.400 2.741
2019-01-18 3.400 3.147
2018-10-26 3.400 3.292
2018-07-13 3.400 3.158
2018-04-20 3.120 2.852
2018-01-19 3.120 2.515
2017-10-20 3.120 2.717
2017-07-19 3.120 2.804
2017-04-21 3.000 2.425
2017-01-20 3.000 2.219
2016-10-21 3.000 2.326
2016-07-13 3.000 2.102
2016-04-22 2.680 1.965
2016-01-15 2.680 2.109
2015-10-16 2.680 2.239
2015-07-16 2.680 2.374
2015-04-17 2.560 2.243
2015-01-16 2.560 2.280
2014-10-17 2.560 2.515
2014-07-16 2.560 2.533
2014-04-11 2.320 2.283
2014-01-24 2.320 2.401
2013-10-23 2.320 2.231
2013-07-15 2.320 2.142
2013-04-19 2.080 2.024
2013-01-25 2.080 2.189
2012-10-24 2.080 2.389
2012-07-18 2.080 2.523
2012-04-19 1.920 2.510
2012-01-26 1.920 2.463
2011-10-25 1.920 2.489
2011-07-22 1.920 2.617
2011-04-21 1.760 2.300
2011-01-27 1.760 2.562
2010-10-26 1.600 2.500
2010-07-19 1.600 2.635
2010-04-22 1.600 2.702
2010-01-28 1.400 2.315
2009-10-27 1.400 2.399
2009-07-20 1.400 2.677

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of J. M. Smucker's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess J. M. Smucker's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can J. M. Smucker afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. J. M. Smucker has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of J. M. Smucker's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Smucker
COMPENSATION $6,745,939
AGE 48
TENURE AS CEO 3.1 years
CEO Bio

Mr. Mark T. Smucker has been the President of The J. M. Smucker Company since April 2015 and its Chief Executive Officer since May 1, 2016. Mr. Smucker was the President of Consumer & Natural Foods at The J. M. Smucker Company since April 1, 2015 through April 2016. He served as President of US Retail Coffee at The J. M. Smucker Company from May 2011 to March 31, 2015. He served as President of Special Markets - SBA at The J. M. Smucker Company since August 2008 through April 2011. He joined J. M. Smucker Company in 1997. He is also responsible for Information Services group at J. M. Smucker Company. He served as Vice President of International Market at J. M. Smucker Company from May 2006 to July 2008. He served as Vice President and General Manager of International Market at The J. M. Smucker Company from November 2001 to May 2004. Mr. Smucker served as Managing Director of Canada at The J. M. Smucker Company since May 2006 through June 2007. He served as General Manager and Managing Director, Smucker do Brasil since January 2000 and its Director, Business Development - South America from January 1997 to December 1999. He served as a Member of Board of Governors at GS1 US, Inc. He has been a Director at The J. M. Smucker Company since January 2009. He serves on the Board of Trustees of the Akron Art Museum. Mr. Smucker served as a Member of the Board at GSI U.S., an industry standards body.

CEO Compensation
  • Mark's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mark's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the J. M. Smucker management team in years:

3.1
Average Tenure
51
Average Age
  • The tenure for the J. M. Smucker management team is about average.
Management Team

Richard Smucker

TITLE
Executive Chairman
COMPENSATION
$4M
AGE
70

Mark Smucker

TITLE
CEO, President & Director
COMPENSATION
$7M
AGE
48
TENURE
3.1 yrs

Mark Belgya

TITLE
Vice Chair & CFO
COMPENSATION
$3M
AGE
57
TENURE
3.1 yrs

Jeannette Knudsen

TITLE
Senior VP
COMPENSATION
$2M
AGE
48
TENURE
3.1 yrs

Randal Day

TITLE
Senior Vice President of Operations
TENURE
3.1 yrs

Aaron Broholm

TITLE
Vice President of Investor Relations

Jill Penrose

TITLE
Senior Vice President of Human Resources & Corporate Communications
AGE
45
TENURE
3.1 yrs

Dave Lemmon

TITLE
President of Pet Food and Snacks
AGE
51
TENURE
12.1 yrs

Kevin Jackson

TITLE
Senior Vice President of U.S. Retail Sales & Away From Home
AGE
51
TENURE
5.4 yrs

Geoff Tanner

TITLE
Senior Vice President of Growth & Consumer Engagement
TENURE
3.1 yrs
Board of Directors Tenure

Average tenure and age of the J. M. Smucker board of directors in years:

11.6
Average Tenure
67.5
Average Age
  • The average tenure for the J. M. Smucker board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mark Smucker

TITLE
CEO, President & Director
COMPENSATION
$7M
AGE
48
TENURE
10.4 yrs

Timothy Smucker

TITLE
Chairman Emeritus
COMPENSATION
$300K
AGE
74
TENURE
3.1 yrs

Richard Smucker

TITLE
Executive Chairman
COMPENSATION
$4M
AGE
70
TENURE
3.1 yrs

Gary Oatey

TITLE
Director
COMPENSATION
$235K
AGE
69
TENURE
16.4 yrs

Paul Dolan

TITLE
Director
COMPENSATION
$250K
AGE
60
TENURE
13.2 yrs

Alex Shumate

TITLE
Director
COMPENSATION
$248K
AGE
68
TENURE
10.4 yrs

Jay Henderson

TITLE
Director
COMPENSATION
$255K
AGE
62
TENURE
2.8 yrs

Kitty Dindo

TITLE
Director
COMPENSATION
$243K
AGE
69
TENURE
23.3 yrs

Elizabeth Long

TITLE
Director
COMPENSATION
$238K
AGE
67
TENURE
22.1 yrs

Nancy Russell

TITLE
Director
COMPENSATION
$235K
AGE
61
TENURE
12.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. May 19 Buy Nancy Russell Individual 22. Oct 18 22. Oct 18 50 $104.65 $5,233
15. Mar 19 Sell Jeannette Knudsen Individual 14. Mar 19 14. Mar 19 -1,932 $102.86 $-198,726
02. Jan 19 Sell David Lemmon Individual 31. Dec 18 31. Dec 18 -1,017 $92.99 $-94,571
29. Dec 18 Buy Kathryn Dindo Individual 27. Dec 18 27. Dec 18 500 $92.20 $46,100
20. Dec 18 Buy Timothy Smucker Individual 18. Dec 18 19. Dec 18 11,000 $98.37 $1,080,843
11. Sep 18 Sell Jeannette Knudsen Individual 10. Sep 18 10. Sep 18 -1,500 $110.74 $-166,104
02. Jul 18 Sell Jeannette Knudsen Individual 29. Jun 18 29. Jun 18 -1,000 $108.29 $-108,285
28. Jun 18 Sell Mark Belgya Individual 26. Jun 18 26. Jun 18 -5,000 $109.15 $-545,750
21. Jun 18 Sell Jill Penrose Individual 20. Jun 18 20. Jun 18 -518 $106.27 $-55,048
21. Jun 18 Sell Joseph Stanziano Individual 19. Jun 18 19. Jun 18 -970 $105.00 $-101,850
X
Management checks
We assess J. M. Smucker's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. J. M. Smucker has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is The J. M. Smucker Company's (NYSE:SJM) CEO Paid At A Competitive Rate?

A first glance this seems like a real positive for shareholders, since Mark Smucker is paid less than the average total compensation paid by other large companies. … Smucker Company pays its CEO less than the average at large companies. … So while we would not say that Mark Smucker is generously paid, it would be good to see an improvement in business performance before too an increase in pay.

Simply Wall St -

Did You Miss J. M. Smucker's (NYSE:SJM) 18% Share Price Gain?

Smucker Company (NYSE:SJM) share price is up 18% in the last five years, that's less than the market returnM … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … This EPS growth is slower than the share price growth of 3.3% per year, over the same period.

Simply Wall St -

What Kind Of Shareholder Owns Most The J. M. Smucker Company (NYSE:SJM) Stock?

We also tend to see lower insider ownership in companies that were previously publicly owned. … Taking a look at our data on the ownership groups (below), it's seems that institutional investors have bought into the company. … Smucker NYSE:SJM Ownership Summary, May 22nd 2019 What Does The Institutional Ownership Tell Us About J.

Simply Wall St -

Should We Worry About The J. M. Smucker Company's (NYSE:SJM) P/E Ratio?

Smucker Company's (NYSE:SJM) P/E ratio and reflect on what it tells us about the company's share priceM … Smucker's Price To Earnings Ratio. … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for J.

Simply Wall St -

How Good Is The J. M. Smucker Company (NYSE:SJM) At Creating Shareholder Value?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Are Insiders Selling The J. M. Smucker Company (NYSE:SJM) Stock?

In the last twelve months, the biggest single sale by an insider was when the , Barry Dunaway, sold US$1.1m worth of shares at a price of US$106 per share. … That means that even when the share price was below the current price of US$119, an insider wanted to cash in some shares. … As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuationM

Simply Wall St -

Should We Be Cautious About The J. M. Smucker Company's (NYSE:SJM) ROE Of 7.8%?

Smucker has a ROE of 7.8%, based on the last twelve months. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.078. … Return on Equity = Net Profit ÷ Shareholders' Equity.

Simply Wall St -

Is The J. M. Smucker Company (NYSE:SJM) Excessively Paying Its CEO?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Mark Smucker's Compensation Compare With Similar Sized Companies. … Smucker Company is worth US$12b, and total annual CEO compensation is US$6.7m.

Simply Wall St -

Read This Before You Buy The J. M. Smucker Company (NYSE:SJM) Because Of Its P/E Ratio

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Smucker's Price To Earnings Ratio. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)M

Simply Wall St -

Are The J. M. Smucker Company's (NYSE:SJM) Interest Costs Too High?

Smucker Company (NYSE:SJM), a US$12b large-cap, often attracts investors seeking a reliable investment in the stock marketM … the health of the financials determines whether the company continues to succeed. … Smucker’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth.

Simply Wall St -

Company Info

Description

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products. It also provides dog snacks, natural shelf stable juices, ice cream toppings, flours, pickles, canned milk, premium pet food products, and foodservice hot beverages. The company offers its products under the Folgers, Dunkin’ Donuts, Café Bustelo, Jif, Smucker’s, Crisco, Pillsbury, Uncrustables, Meow Mix, Milk-Bone, Natural Balance, Kibbles ‘n Bits, 9Lives, Pup-Peroni, Nature’s Recipe, Folgers and Smucker’s, 1850, Folgers Simply Gourmet, Robin Hood, Five Roses, R.W. Knudsen Family, Sahale Snacks, Bick's, Rachael Ray, and Nutrish brands. It sells its products through direct sales and brokers to food retailers and wholesalers, club stores, pet specialty stores, discount and dollar stores, drug stores, military commissaries, mass merchandisers, natural foods stores and distributors, and online retailers; and through retail channels, and foodservice distributors and operators. The company was founded in 1897 and is headquartered in Orrville, Ohio.

Details
Name: The J. M. Smucker Company
SJM
Exchange: NYSE
Founded: 1897
$13,717,363,951
113,742,653
Website: http://www.jmsmucker.com
Address: The J. M. Smucker Company
One Strawberry Lane,
Orrville,
Ohio, 44667,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SJM Common Shares New York Stock Exchange US USD 29. Aug 2000
DB JM2 Common Shares Deutsche Boerse AG DE EUR 29. Aug 2000
LSE 0L7F Common Shares London Stock Exchange GB USD 29. Aug 2000
BMV SJM * Common Shares Bolsa Mexicana de Valores MX MXN 29. Aug 2000
Number of employees
Current staff
Staff numbers
7,000
J. M. Smucker employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 23:45
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/06/13
Last earnings filing: 2019/06/06
Last earnings reported: 2019/04/30
Last annual earnings reported: 2019/04/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.