| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 5/6 |
| Financial Health | 2/6 |
| Dividends | 5/6 |
SMG Stock Overview
The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally.
Scotts Miracle-Gro Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$154.24 |
| 52 Week High | US$254.34 |
| 52 Week Low | US$133.36 |
| Beta | 1.13 |
| 1 Month Change | 0.48% |
| 3 Month Change | 4.68% |
| 1 Year Change | -32.18% |
| 3 Year Change | 123.54% |
| 5 Year Change | 63.91% |
| Change since IPO | 1,286.43% |
Recent News & Updates
Is Now The Time To Put Scotts Miracle-Gro (NYSE:SMG) On Your Watchlist?
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Is It Time To Consider Buying The Scotts Miracle-Gro Company (NYSE:SMG)?
The Scotts Miracle-Gro Company ( NYSE:SMG ), is not the largest company out there, but it saw a decent share price...
Scotts Miracle-Gro (NYSE:SMG) Has Announced That It Will Be Increasing Its Dividend To US$0.66
The board of The Scotts Miracle-Gro Company ( NYSE:SMG ) has announced that it will be increasing its dividend on the...
Scotts Miracle-Gro: Cannabis Angle Is Already Fully Priced In
Scotts Miracle-Gro guides to grow its topline in the year ahead 2% y/y. Supply chain issues led Scotts Miracle-Gro to aggressively grow inventory, causing a drag on free cash flow. Looking ahead, SMG stock is richly priced at more than 20x forward free cash flow.
Shareholder Returns
| SMG | US Chemicals | US Market | |
|---|---|---|---|
| 7D | -6.5% | -3.5% | -4.6% |
| 1Y | -32.2% | 12.0% | 7.7% |
Return vs Industry: SMG underperformed the US Chemicals industry which returned 12% over the past year.
Return vs Market: SMG underperformed the US Market which returned 7.7% over the past year.
Price Volatility
| SMG volatility | |
|---|---|
| SMG Average Weekly Movement | 6.2% |
| Chemicals Industry Average Movement | 5.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: SMG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: SMG's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1868 | 7,300 | Jim Hagedorn | https://scottsmiraclegro.com |
The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other.
Scotts Miracle-Gro Fundamentals Summary
| SMG fundamental statistics | |
|---|---|
| Market Cap | US$8.48b |
| Earnings (TTM) | US$516.40m |
| Revenue (TTM) | US$4.93b |
16.4x
P/E Ratio1.7x
P/S RatioIs SMG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SMG income statement (TTM) | |
|---|---|
| Revenue | US$4.93b |
| Cost of Revenue | US$3.43b |
| Gross Profit | US$1.49b |
| Expenses | US$977.30m |
| Earnings | US$516.40m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 01, 2022
| Earnings per share (EPS) | 9.39 |
| Gross Margin | 30.33% |
| Net Profit Margin | 10.49% |
| Debt/Equity Ratio | 224.0% |
How did SMG perform over the long term?
See historical performance and comparisonDividends
1.7%
Current Dividend Yield27%
Payout RatioValuation
Is Scotts Miracle-Gro undervalued compared to its fair value and its price relative to the market?
46.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SMG ($154.24) is trading below our estimate of fair value ($290.24)
Significantly Below Fair Value: SMG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SMG is good value based on its PE Ratio (16.4x) compared to the US Chemicals industry average (21.1x).
PE vs Market: SMG is good value based on its PE Ratio (16.4x) compared to the US market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: SMG is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: SMG is overvalued based on its PB Ratio (8.4x) compared to the US Chemicals industry average (2.5x).
Future Growth
How is Scotts Miracle-Gro forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
7.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SMG's forecast earnings growth (7.5% per year) is above the savings rate (2%).
Earnings vs Market: SMG's earnings (7.5% per year) are forecast to grow slower than the US market (13.1% per year).
High Growth Earnings: SMG's earnings are forecast to grow, but not significantly.
Revenue vs Market: SMG's revenue (5.4% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: SMG's revenue (5.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SMG's Return on Equity is forecast to be high in 3 years time (36.5%)
Past Performance
How has Scotts Miracle-Gro performed over the past 5 years?
22.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMG has high quality earnings.
Growing Profit Margin: SMG's current net profit margins (10.5%) are higher than last year (9.3%).
Past Earnings Growth Analysis
Earnings Trend: SMG's earnings have grown significantly by 22.1% per year over the past 5 years.
Accelerating Growth: SMG's earnings growth over the past year (33.9%) exceeds its 5-year average (22.1% per year).
Earnings vs Industry: SMG earnings growth over the past year (33.9%) exceeded the Chemicals industry 17.5%.
Return on Equity
High ROE: Whilst SMG's Return on Equity (51.05%) is outstanding, this metric is skewed due to their high level of debt.
Financial Health
How is Scotts Miracle-Gro's financial position?
Financial Position Analysis
Short Term Liabilities: SMG's short term assets ($2.0B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: SMG's short term assets ($2.0B) do not cover its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: SMG's net debt to equity ratio (199.9%) is considered high.
Reducing Debt: SMG's debt to equity ratio has increased from 167.6% to 224% over the past 5 years.
Debt Coverage: SMG's debt is not well covered by operating cash flow (12%).
Interest Coverage: SMG's interest payments on its debt are well covered by EBIT (10x coverage).
Balance Sheet
Dividend
What is Scotts Miracle-Gro current dividend yield, its reliability and sustainability?
1.71%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SMG's dividend (1.71%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: SMG's dividend (1.71%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: SMG's dividends per share have been stable in the past 10 years.
Growing Dividend: SMG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.2%), SMG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SMG's dividends in 3 years are forecast to be well covered by earnings (26.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.5yrs
Average management tenure
CEO
Jim Hagedorn (66 yo)
20.67yrs
Tenure
US$10,713,912
Compensation
Mr. James S. Hagedorn, also known as Jim, has been the Chief Executive Officer at The Scotts Miracle-Gro Company since May 2001 and has been the Chairman of the Board since January 2003. He has been an Exe...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD10.71M) is above average for companies of similar size in the US market ($USD6.42M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: SMG's management team is seasoned and experienced (8.5 years average tenure).
Board Members
Experienced Board: SMG's board of directors are seasoned and experienced ( 11.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SMG insiders have bought more shares than they have sold 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
The Scotts Miracle-Gro Company's employee growth, exchange listings and data sources
Key Information
- Name: The Scotts Miracle-Gro Company
- Ticker: SMG
- Exchange: NYSE
- Founded: 1868
- Industry: Fertilizers and Agricultural Chemicals
- Sector: Materials
- Implied Market Cap: US$8.484b
- Shares outstanding: 55.00m
- Website: https://scottsmiraclegro.com
Number of Employees
Location
- The Scotts Miracle-Gro Company
- 14111 Scottslawn Road
- Marysville
- Ohio
- 43041
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/20 23:55 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2021/09/30 |
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.