3m Co

Health Care
Medical/Dental Instruments
www.3m.com

Earnings Score
Moat Score
Safety Score

Market Cap $71.60B
PE 16
Debt $15.06B
Cash $6.05B
EV $80.61B
FCF $739.00M

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$4.39B
EBIT	$5.30B
ROE	94%
ROA	13%
FCF	$739.00M
Equity	$4.69B
Growth Stability	-123%
PE	16.31
PEG	-2.84
PB	15.25
P/FCF	96.89
P/S	2.69
Price/Cash	0.08
Debt/Equity	3.21
Debt/FCF	20.38
Net Margins	19%
Gross Margins	42%
Op. Margins	20%
Earnings CAGR	-1%
Sales Growth YoY	-24%
Sales Growth QoQ	47%
Sales CAGR	1%
FCF CAGR	-4%
Equity CAGR	-5%
Earnings Stability	0.02
Earnings Growth YoY	-166%
Earnings Growth QoQ	20%
Earnings CAGR 5Y	-6%

Sales CAGR 5Y	-1%
FCF CAGR 5Y	-18%
Equity CAGR 5Y	-19%
Earnings CAGR 3Y	-8%
Sales CAGR 3Y	-8%
FCF CAGR 3Y	-26%
Equity CAGR 3Y	-44%
Market Cap	$71.60B
Revenue	$26.58B
Dividend Yield	3%
Payout Ratio	55%
Assets	$40.88B
Total Debt	$15.06B
Cash	$6.05B
Shares Outstanding	544.56M
EV	80.61B
Earnings Score	6%
Moat Score	96%
Safety Score	33%
Final Score	45%
Working Capital	4.91B
Current Ratio	1.43
Gross Profit	$11.20B
Shares Growth 3y	-1%
Equity Growth QoQ	18%
Equity Growth YoY	-1%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

3M (originally the Minnesota Mining and Manufacturing Company) is an American multinational conglomerate operating in the fields of industry, worker safety, healthcare and consumer goods. The company produces over 60,000 products under several brands,including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products.

SEC Filings

Direct access to 3m Co (MMM) 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 3m Co compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of 3m Co compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -1%

Stability 2%

loading chart...

3m Co Discounted Cash Flow

Fully customizable DCF calculator online for 3m Co.

Years

Calculation mode

= $5.6B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$739M	$708M	$678M	$650M	$623M	$597M	$572M	$548M	$525M	$503M	$482M	$4.8B
DCF		$644M	$561M	$488M	$425M	$370M	$323M	$281M	$245M	$213M	$186M	$1.9B
Value	$5.6B

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	16%	16%	17%	15%	16%	14%	17%	17%	17%	-21%	19%
ROA	-	21%	22%	21%	20%	14%	15%	16%	15%	-18%	13%
ROE	-	41%	49%	42%	54%	45%	42%	39%	39%	-144%	94%

Good Net Margins (18.56%)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	2.4	2.38	3.09	3.16	4.12	2.96	3.19	4.65	3.39	20.38
Debt over Equity	0.52	1.01	1.2	1.3	1.56	2.19	1.51	1.23	1.21	3.53	3.21
Growth Stability	-	-	-	98%	100%	90%	100%	100%	100%	-123%	-123%

Bad Debt/FCF ratio (20.38)

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

Bad Debt/Equity ratio (3.21)

The company is overleveraged and has a bad balance between equity and debt.

Bad Graham’s Stability (-123%)

The company has a bad stability in its earnings, which is a sign of a bad 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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-5%	-1%	5%	4%	-2%	0%	10%	-3%	-5%	-1%
Earnings YoY growth	-	-2%	4%	-4%	10%	-15%	18%	10%	-2%	-221%	-6%
Equity YoY growth	-	-11%	-12%	12%	-15%	3%	28%	17%	-2%	-67%	-19%
FCF YoY growth	-	-3%	6%	-7%	-0%	10%	23%	-12%	-34%	32%	-18%