Market Cap
US$15.1b
Last Updated
2020/11/26 23:16 UTC
Data Sources
Company Financials +
Executive Summary
FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. More Details
Snowflake Analysis
Established dividend payer with mediocre balance sheet.
Similar Companies
Share Price & News
How has FMC's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FMC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FMC's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
1.2%
FMC
2.8%
US Chemicals
2.1%
US Market
1 Year Return
18.1%
FMC
15.1%
US Chemicals
19.8%
US Market
Return vs Industry: FMC exceeded the US Chemicals industry which returned 15.1% over the past year.
Return vs Market: FMC underperformed the US Market which returned 19.7% over the past year.
Shareholder returns
| FMC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | 2.8% | 2.1% |
| 30 Day | 11.7% | 13.6% | 8.1% |
| 90 Day | 6.9% | 11.3% | 6.0% |
| 1 Year | 20.4%18.1% | 17.7%15.1% | 22.5%19.8% |
| 3 Year | 49.4%23.6% | 22.8%0.1% | 46.5%36.8% |
| 5 Year | 245.1%178.3% | 78.1%36.7% | 96.9%75.3% |
Long-Term Price Volatility Vs. Market
How volatile is FMC's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
A Look At The Intrinsic Value Of FMC Corporation (NYSE:FMC)2 weeks ago | Simply Wall St
Is FMC Corporation's (NYSE:FMC) ROE Of 19% Impressive?4 weeks ago | Simply Wall St
Who Has Been Selling FMC Corporation (NYSE:FMC) Shares?Valuation
Is FMC undervalued compared to its fair value and its price relative to the market?
26.66x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FMC ($116.68) is trading above our estimate of fair value ($103.26)
Significantly Below Fair Value: FMC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FMC is good value based on its PE Ratio (26.7x) compared to the US Chemicals industry average (29.8x).
PE vs Market: FMC is poor value based on its PE Ratio (26.7x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: FMC is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: FMC is overvalued based on its PB Ratio (5.1x) compared to the US Chemicals industry average (2.3x).
Next Steps
Future Growth
How is FMC forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
13.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FMC's forecast earnings growth (13% per year) is above the savings rate (2.2%).
Earnings vs Market: FMC's earnings (13% per year) are forecast to grow slower than the US market (22% per year).
High Growth Earnings: FMC's earnings are forecast to grow, but not significantly.
Revenue vs Market: FMC's revenue (5.3% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: FMC's revenue (5.3% 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 (30.2%)
Next Steps
Past Performance
How has FMC performed over the past 5 years?
55.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FMC has a large one-off loss of $271.8M impacting its September 30 2020 financial results.
Growing Profit Margin: FMC's current net profit margins (12.1%) are lower than last year (14.7%).
Past Earnings Growth Analysis
Earnings Trend: FMC's earnings have grown significantly by 55.6% per year over the past 5 years.
Accelerating Growth: FMC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FMC had negative earnings growth (-14.2%) over the past year, making it difficult to compare to the Chemicals industry average (-16.3%).
Return on Equity
High ROE: FMC's Return on Equity (19.2%) is considered low.
Next Steps
Financial Health
How is FMC's financial position?
Financial Position Analysis
Short Term Liabilities: FMC's short term assets ($4.0B) exceed its short term liabilities ($2.4B).
Long Term Liabilities: FMC's short term assets ($4.0B) do not cover its long term liabilities ($4.4B).
Debt to Equity History and Analysis
Debt Level: FMC's debt to equity ratio (108.7%) is considered high.
Reducing Debt: FMC's debt to equity ratio has increased from 99.4% to 108.7% over the past 5 years.
Debt Coverage: FMC's debt is well covered by operating cash flow (21.9%).
Interest Coverage: FMC's interest payments on its debt are well covered by EBIT (7x coverage).
Balance Sheet
Next Steps
Dividend
What is FMC current dividend yield, its reliability and sustainability?
1.51%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FMC's dividend (1.51%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: FMC's dividend (1.51%) is low compared to the top 25% of dividend payers in the US market (4.05%).
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.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.2%), FMC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FMC's dividends in 3 years are forecast to be well covered by earnings (23.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Mark Douglas (58 yo)
0.42
Tenure
US$3,914,161
Compensation
Mr. Mark A. Douglas has been Chief Executive Officer of FMC Corporation since June 1, 2020. Mr. Douglas has been President and Director at FMC Corporation since June 01, 2018 and April 28, 2020 respectivel...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD3.91M) is below average for companies of similar size in the US market ($USD10.79M).
Compensation vs Earnings: Mark's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 10.08yrs | US$11.54m | 0.12% $ 18.3m | |
| President | 0.42yr | US$3.91m | 0.056% $ 8.4m | |
| Executive VP & CFO | 2.5yrs | US$2.37m | 0.020% $ 3.1m | |
| Executive VP | 4.83yrs | US$2.24m | 0.011% $ 1.6m | |
| VP, Corporate Controller & Chief Accounting Officer | no data | no data | 0.0099% $ 1.5m | |
| VP & CTO | 2.42yrs | no data | no data | |
| VP & Chief Information Officer | 13.33yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Vice President of Communications & Public Affairs | 9.17yrs | no data | no data | |
| VP & Chief Marketing Officer | 2.42yrs | no data | no data | |
| Vice President of Human Resources & Chief Human Resources Officer | 6.08yrs | no data | no data | |
| President of FMC EMEA | no data | no data | no data |
2.5yrs
Average Tenure
57yo
Average Age
Experienced Management: FMC's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 10.08yrs | US$11.54m | 0.12% $ 18.3m | |
| President | 0.42yr | US$3.91m | 0.056% $ 8.4m | |
| Independent Director | 17.92yrs | US$278.06k | 0.032% $ 4.9m | |
| Independent Director | 14.83yrs | US$357.01k | 0.0054% $ 816.0k | |
| Independent Director | 9.42yrs | US$273.47k | 0.013% $ 2.0m | |
| Independent Director | 12.58yrs | US$296.30k | no data | |
| Independent Director | 9.42yrs | US$294.96k | 0.020% $ 3.0m | |
| Lead Independent Director | 2.58yrs | US$351.15k | 0% $ 0 | |
| Director | 0.33yr | no data | 0.0014% $ 218.0k | |
| Independent Director | 4.33yrs | US$249.94k | no data | |
| Independent Director | 7.17yrs | US$281.07k | 0.017% $ 2.6m | |
| Independent Director | 11.58yrs | US$312.01k | 0.032% $ 4.8m |
9.4yrs
Average Tenure
63.5yo
Average Age
Experienced Board: FMC's board of directors are considered experienced (9.4 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 company bio, 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
- Market Cap: US$15.140b
- Shares outstanding: 129.76m
- Website: https://www.fmc.com
Number of Employees
Location
- FMC Corporation
- 2929 Walnut Street
- Philadelphia
- Pennsylvania
- 19104
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FMC | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| FMQ | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
| 0IK3 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1968 |
| F1MC34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 2 REPR 1 COM | BR | BRL | Jan 2020 |
Biography
FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. The company develop, markets, and sells crop protection chemic...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/26 23:16 |
| End of Day Share Price | 2020/11/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.