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3M Co
NYSE:MMM

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3M Co Logo
3M Co
NYSE:MMM
Watchlist
Price: 91.87 USD -0.27%
Updated: Mar 1, 2024

Intrinsic Value

3M Co. is a technology company, which manufactures industrial, safety, and consumer products. [ Read More ]

The intrinsic value of one MMM stock under the Base Case scenario is 147.5 USD. Compared to the current market price of 91.87 USD, 3M Co is Undervalued by 38%.

Key Points:
MMM Intrinsic Value
Base Case
147.5 USD
Undervaluation 38%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
3M Co

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Fundamental Analysis

4Q Performance Up with Strong Cash Flow
2023-Q4 Earnings Call

4Q Performance Up with Strong Cash Flow

The company ended the fourth quarter on a high note, with disciplined operational management and preparations for the Health Care business spinoff. Adjusted sales reached $7.7 billion, within guidance, while organic sales dipped slightly due to soft demand, particularly in China and for disposable respirators. Adjusted operating margins climbed to 20.9%, up 180 basis points year-on-year, with adjusted earnings at $2.42 per share, an 11% increase. The highlight was a significant jump in adjusted free cash flow to $6.3 billion for the year, well above the $5 billion maximum expected. Debt was also slashed by $2 billion. By segment, Safety and Industrial faced a downturn, Transportation and Electronics saw organic growth thanks to auto demand, but Consumer faced a small dip. Looking ahead to 2024, momentum is solid with strategic actions aiming to deliver further operational and financial gains.

Financials

Balance Sheet Decomposition
3M Co

Current Assets 16.4B
Cash & Short-Term Investments 6B
Receivables 4.8B
Other Current Assets 5.6B
Non-Current Assets 34.2B
PP&E 9.9B
Intangibles 17.2B
Other Non-Current Assets 7.1B
Current Liabilities 15.3B
Accounts Payable 3.2B
Accrued Liabilities 1.1B
Short-Term Debt 1.8B
Other Current Liabilities 9.1B
Non-Current Liabilities 30.5B
Long-Term Debt 13.1B
Other Non-Current Liabilities 17.4B
Efficiency
Fundamental Scores

MMM Profitability Score
Profitability Due Diligence

3M Co's profitability score is 52/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Free Cash Flow
Positive 3-Year Average ROE
Positive Operating Income
52/100
Profitability
Score

3M Co's profitability score is 52/100. The higher the profitability score, the more profitable the company is.

MMM Solvency Score
Solvency Due Diligence

3M Co's solvency score is 46/100. The higher the solvency score, the more solvent the company is.

Average Altman Z-Score
High Interest Coverage
Long-Term Solvency
Short-Term Solvency
46/100
Solvency
Score

3M Co's solvency score is 46/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

MMM Price Targets Summary
3M Co

Wall Street analysts forecast MMM stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MMM is 105.93 USD with a low forecast of 85.85 USD and a high forecast of 117.15 USD.

Lowest
Price Target
85.85 USD
7% Downside
Average
Price Target
105.93 USD
15% Upside
Highest
Price Target
117.15 USD
28% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

MMM Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

MMM Price
3M Co

1M 1M
-4%
6M 6M
-14%
1Y 1Y
-15%
3Y 3Y
-43%
5Y 5Y
-48%
10Y 10Y
-7%
Annual Price Range
91.87
52w Low
85.6
52w High
112.64
Price Metrics
Average Annual Return -8.35%
Standard Deviation of Annual Returns 15.06%
Max Drawdown -55%
Shares Statistics
Market Capitalization 50.5B USD
Shares Outstanding 552 700 032
Percentage of Shares Shorted 1.2%

MMM Return Decomposition
Main factors of price return

What is price return decomposition?

MMM News

Other Videos

Last Important Events
3M Co

Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.

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Sentiment Analysis
3M Co

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Last 7 Days 7D
Last 30 Days 30D
Last 90 Days 90D

Company Profile

3M Co Logo
3M Co

Country

United States of America

Industry

Industrial Conglomerates

Market Cap

50.5B USD

Dividend Yield

6.58%

Description

3M Co. is a technology company, which manufactures industrial, safety, and consumer products. The company is headquartered in Saint Paul, Minnesota and currently employs 95,000 full-time employees. The firm operates through four segments: Safety and Industrial, Transportation and Electronics, Health Care and Consumer. Safety and Industrial segment consist of abrasives, automotive aftermarket, closure and masking systems, communication markets, electrical markets, industrial adhesives and tapes, personal safety, roofing granules, and others. Transportation and Electronics segment consists of advanced materials, automotive and aerospace, commercial solutions, display materials and systems, electronic materials solutions, transportation and safety, and other transportation and electronics. Health Care segment’s products and services include drug delivery, food safety, health information systems, medical solutions, oral care solutions, and separation and purification sciences. Consumer segment serves consumers and consists of consumer health care, and others.

Contact

MINNESOTA
Saint Paul
3M Center, Bldg. 220-13E-26A
+16517331474.0
https://www.3m.com/

IPO

1946-01-14

Employees

95 000

Officers

Chairman & CEO
Mr. Michael F. Roman
President & CFO
Mr. Monish D. Patolawala
Group President of Enterprise Supply Chain
Mr. Peter D. Gibbons
Senior VP, Corporate Controller & Chief Accounting Officer
Ms. Theresa E. Reinseth
Executive VP, CTO & Environmental Responsibility
Dr. John P. Banovetz
Executive VP and Chief Information & Digital Officer
Mr. Mark W. Murphy II
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Vice President of Investor Relations
Mr. Bruce Jermeland C.F.A.
Senior VP and Chief Ethics & Compliance Officer
Michael A. Duran
Executive VP & Chief Legal Affairs Officer
Mr. Kevin H. Rhodes
Executive VP & Chief Human Resources Officer
Ms. Zoe L. Dickson
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See Also

Discover More
What is the Intrinsic Value of one MMM stock?

The intrinsic value of one MMM stock under the Base Case scenario is 147.5 USD.

Is MMM stock undervalued or overvalued?

Compared to the current market price of 91.87 USD, 3M Co is Undervalued by 38%.