Fmc Corp

Industrials
Major Chemicals
www.fmc.com

Earnings Score
Moat Score
Safety Score

Market Cap $6.66B
PE 5
Debt $4.16B
Cash $416.70M
EV $10.40B
FCF $555.30M

Earnings

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Sales & Net Margins

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Earnings	$1.46B
EBIT	$290.00M
ROE	31%
ROA	2%
FCF	$555.30M
Equity	$4.63B
Growth Stability	100%
PE	4.58
PEG	0.2
PB	1.44
P/FCF	12
P/S	1.6
Price/Cash	0.06
Debt/Equity	0.9
Debt/FCF	7.48
Net Margins	12%
Gross Margins	37%
Op. Margins	7%
Earnings CAGR	25%
Sales Growth YoY	9%
Sales Growth QoQ	3%
Sales CAGR	6%
FCF CAGR	9%
Equity CAGR	9%
Earnings Stability	0.33
Earnings Growth YoY	-2K%
Earnings Growth QoQ	-78%
Earnings CAGR 5Y	23%

Sales CAGR 5Y	-1%
FCF CAGR 5Y	-8%
Equity CAGR 5Y	11%
Earnings CAGR 3Y	-11%
Sales CAGR 3Y	-11%
FCF CAGR 3Y	-8%
Equity CAGR 3Y	18%
Market Cap	$6.66B
Revenue	$4.17B
Dividend Yield	4%
Payout Ratio	20%
Assets	$12.22B
Total Debt	$4.16B
Cash	$416.70M
Shares Outstanding	119.93M
EV	10.4B
Earnings Score	26%
Moat Score	71%
Safety Score	79%
Final Score	59%
Working Capital	1.73B
Current Ratio	1.48
Gross Profit	$1.56B
Shares Growth 3y	1%
Equity Growth QoQ	1%
Equity Growth YoY	40%

Assets & ROA

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Stockholders Equity & ROE

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FMC is a pure-play crop chemical company. The company has diversified its sales to create a balanced crop chemical portfolio across geographies and crop exposure. Through acquisitions, FMC is now one of the five largest patented crop chemical companies and will continue to develop new products, with a focus on biologicals, through its research and development pipeline.

SEC Filings

Direct access to Fmc Corp (FMC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Fmc Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Fmc Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 25%

Stability 33%

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Fmc Corp Discounted Cash Flow

Fully customizable DCF calculator online for Fmc Corp.

Years

Calculation mode

= $10B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$555M	$603M	$655M	$711M	$772M	$839M	$911M	$989M	$1.1B	$1.2B	$1.3B	$13B
DCF		$548M	$541M	$534M	$528M	$521M	$514M	$508M	$501M	$495M	$489M	$4.9B
Value	$10B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	15%	6%	19%	11%	10%	12%	15%	13%	29%	12%
ROA	-	7%	3%	9%	8%	9%	10%	10%	5%	2%
ROE	-	10%	20%	16%	19%	18%	24%	22%	30%	31%

Good Net Margins (11.83%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	4.66	14.37	10.76	7.24	5.02	4.08	6.5	-9.34	7.48
Debt over Equity	1.13	0.95	1.21	0.97	1.3	1.13	1.07	0.99	0.91	0.9
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%

Bad Debt/FCF ratio (7.48)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.9)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	0%	-12%	64%	-2%	1%	9%	15%	-23%	-1%
Earnings YoY growth	-	-57%	156%	-6%	-5%	15%	33%	0%	79%	23%
Equity YoY growth	-	4%	36%	19%	-20%	17%	2%	11%	30%	11%
FCF YoY growth	-	-205%	-44%	26%	60%	45%	19%	-35%	-184%	-8%