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FMC

FMC NYSE:FMC Stock Report

Last Price

US$108.22

Market Cap

US$13.6b

7D

0.6%

1Y

0.02%

Updated

29 Jun, 2022

Data

Company Financials +
FMC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance5/6
Financial Health3/6
Dividends5/6

FMC Stock Overview

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products.

FMC Competitors

Price History & Performance

Summary of all time highs, changes and price drops for FMC
Historical stock prices
Current Share PriceUS$108.22
52 Week HighUS$140.99
52 Week LowUS$87.27
Beta0.82
1 Month Change-14.12%
3 Month Change-17.75%
1 Year Change0.018%
3 Year Change27.63%
5 Year Change47.14%
Change since IPO1,106.63%

Recent News & Updates

Jun 23
Is FMC (NYSE:FMC) Using Too Much Debt?

Is FMC (NYSE:FMC) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

FMCUS ChemicalsUS Market
7D0.6%-0.09%1.6%
1Y0.02%-11.1%-20.8%

Return vs Industry: FMC exceeded the US Chemicals industry which returned -10% over the past year.

Return vs Market: FMC exceeded the US Market which returned -20.4% over the past year.

Price Volatility

Is FMC's price volatile compared to industry and market?
FMC volatility
FMC Average Weekly Movement4.8%
Chemicals Industry Average Movement6.8%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: FMC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FMC's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18836,400Mark Douglashttps://www.fmc.com

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that include insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control. The company markets its products through its own sales organization and through alliance partners, independent distributors, and sales representatives.

FMC Fundamentals Summary

How do FMC's earnings and revenue compare to its market cap?
FMC fundamental statistics
Market CapUS$13.63b
Earnings (TTM)US$834.80m
Revenue (TTM)US$5.20b

16.3x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FMC income statement (TTM)
RevenueUS$5.20b
Cost of RevenueUS$2.97b
Gross ProfitUS$2.23b
Other ExpensesUS$1.40b
EarningsUS$834.80m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 02, 2022

Earnings per share (EPS)6.63
Gross Margin42.92%
Net Profit Margin16.05%
Debt/Equity Ratio122.4%

How did FMC perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

31%

Payout Ratio

Does FMC pay a reliable dividends?

See FMC dividend history and benchmarks
When do you need to buy FMC by to receive an upcoming dividend?
FMC dividend dates
Ex Dividend DateJun 29 2022
Dividend Pay DateJul 21 2022
Days until Ex dividend2 days
Days until Dividend pay date20 days

Does FMC pay a reliable dividends?

See FMC dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is FMC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FMC?

Other financial metrics that can be useful for relative valuation.

FMC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.3x
Enterprise Value/EBITDA12.5x
PEG Ratio2x

Price to Earnings Ratio vs Peers

How does FMC's PE Ratio compare to its peers?

FMC PE Ratio vs Peers
The above table shows the PE ratio for FMC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.5x
MOS Mosaic
6.6x-31.0%US$17.4b
CF CF Industries Holdings
10.9x-46.5%US$18.0b
SQM Sociedad Química y Minera de Chile
18.3x3.3%US$24.1b
CTVA Corteva
22.2x12.0%US$39.5b
FMC FMC
16.3x8.2%US$13.6b

Price-To-Earnings vs Peers: FMC is expensive based on its Price-To-Earnings Ratio (16.3x) compared to the peer average (14.5x).


Price to Earnings Ratio vs Industry

How does FMC's PE Ratio compare vs other companies in the US Chemicals Industry?

Price-To-Earnings vs Industry: FMC is expensive based on its Price-To-Earnings Ratio (16.3x) compared to the US Chemicals industry average (15.8x)


Price to Earnings Ratio vs Fair Ratio

What is FMC'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.

FMC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.3x
Fair PE Ratio18.5x

Price-To-Earnings vs Fair Ratio: FMC is good value based on its Price-To-Earnings Ratio (16.3x) compared to the estimated Fair Price-To-Earnings Ratio (18.5x).


Share Price vs Fair Value

What is the Fair Price of FMC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FMC ($108.22) is trading below our estimate of fair value ($209.78)

Significantly Below Fair Value: FMC is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: FMC is poor value based on its PEG Ratio (2x)


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Future Growth

How is FMC forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FMC's forecast earnings growth (8.2% per year) is above the savings rate (1.9%).

Earnings vs Market: FMC's earnings (8.2% per year) are forecast to grow slower than the US market (13.7% per year).

High Growth Earnings: FMC's earnings are forecast to grow, but not significantly.

Revenue vs Market: FMC's revenue (4.8% per year) is forecast to grow slower than the US market (8.3% per year).

High Growth Revenue: FMC's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FMC's Return on Equity is forecast to be high in 3 years time (30.8%)


Discover growth companies

Past Performance

How has FMC performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


32.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FMC has high quality earnings.

Growing Profit Margin: FMC's current net profit margins (16.1%) are higher than last year (12.1%).


Past Earnings Growth Analysis

Earnings Trend: FMC's earnings have grown significantly by 32.5% per year over the past 5 years.

Accelerating Growth: FMC's earnings growth over the past year (50.3%) exceeds its 5-year average (32.5% per year).

Earnings vs Industry: FMC earnings growth over the past year (50.3%) exceeded the Chemicals industry 30.2%.


Return on Equity

High ROE: Whilst FMC's Return on Equity (27.18%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is FMC's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FMC's short term assets ($5.3B) exceed its short term liabilities ($3.8B).

Long Term Liabilities: FMC's short term assets ($5.3B) exceed its long term liabilities ($4.0B).


Debt to Equity History and Analysis

Debt Level: FMC's net debt to equity ratio (110.2%) is considered high.

Reducing Debt: FMC's debt to equity ratio has increased from 104.5% to 122.4% over the past 5 years.

Debt Coverage: FMC's debt is not well covered by operating cash flow (13.6%).

Interest Coverage: FMC's interest payments on its debt are well covered by EBIT (9.3x coverage).


Balance Sheet


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Dividend

What is FMC current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.96%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FMC's dividend (1.96%) is higher than the bottom 25% of dividend payers in the US market (1.59%).

High Dividend: FMC's dividend (1.96%) is low compared to the top 25% of dividend payers in the US market (4.25%).


Stability and Growth of Payments

Stable Dividend: FMC's dividends per share have been stable in the past 10 years.

Growing Dividend: FMC's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (30.9%), FMC's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (72.2%), FMC's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.9yrs

Average management tenure


CEO

Mark Douglas (59 yo)

4yrs

Tenure

US$8,489,671

Compensation

Mr. Mark A. Douglas has been the Chief Executive Officer of FMC Corporation since June 1, 2020 and has been its President since June 1, 2018. He is Director of FMC Corporation since April 28, 2020. Mr. Dou...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD8.49M) is below average for companies of similar size in the US market ($USD13.44M).

Compensation vs Earnings: Mark's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: FMC's management team is seasoned and experienced (5.9 years average tenure).


Board Members

Experienced Board: FMC's board of directors are seasoned and experienced ( 11.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FMC insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

FMC Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: FMC Corporation
  • Ticker: FMC
  • Exchange: NYSE
  • Founded: 1883
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Implied Market Cap: US$13.629b
  • Shares outstanding: 125.94m
  • Website: https://www.fmc.com

Number of Employees


Location

  • FMC Corporation
  • 2929 Walnut Street
  • Philadelphia
  • Pennsylvania
  • 19104
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.