3M Earnings: Red-Hot Industrial Sales Offset Weak Consumer Divisions; Shares Overheated
3M reported third-quarter organic sales growth of 3.3% year over year. Management raised full-year guidance for earnings-per-share growth.
3M Co MMM
Bulls Say, Bears Say
Bulls
3M’s legacy portfolio remains highly profitable and is poised to benefit from multiple secular growth trends, such as a growing global middle class and rising regulatory standards.
Bears
Multibillion-dollar pending litigation risks will cripple the value of the company and remove any benefit from potential fundamental catalysts.
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Articles & Videos
Trading Information
- Previous Close Price
- $171.37
- Day Range
- $167.71–174.77
- 52-Week Range
- $139.34–184.90
- Bid/Ask
- $173.16 / $174.74
- Shares Outstanding
- 515.72M
- Market Cap
- $90.12B
- Volume/Avg
- 6M / 3M
Key Statistics
- Price/Earnings (Normalized)
- 20.41
- Price/Sales
- 3.66
- Dividend Yield (Trailing)
- 1.76%
- Dividend Yield (Forward)
- 1.79%
- Dividend Payment Schedule
- Mar, Jun, Sep, Dec
- Total Yield
- 5.95%
Company Profile
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities and for pioneering new uses for its proprietary technologies. 3M has three business segments: safety and industrial (around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M’s revenue comes from outside the Americas.
- Sector
- Industrials
- Industry
- Conglomerates
- Stock Style Box
- Mid Core
- Total Number of Employees
- 60,500
- Website
- https://www.3m.com
Competitors
Valuation
|
Metric
|
MMM
|
KMB
|
PG
|
|---|---|---|---|
Price/Earnings (Normalized) | 20.41 | 16.98 | 23.10 |
Price/Book Value | 21.84 | 20.27 | 6.76 |
Price/Sales | 3.66 | 2.14 | 4.37 |
Price/Cash Flow | 15.60 | 11.98 | 19.79 |
Price/Earnings
MMM
KMB
PG
Financial Strength
|
Metric
|
MMM
|
KMB
|
PG
|
|---|---|---|---|
Quick Ratio | 0.78 | 0.40 | 0.41 |
Current Ratio | 1.41 | 0.91 | 0.68 |
Interest Coverage | 5.96 | 10.40 | 23.74 |
Quick Ratio
MMM
KMB
PG
Profitability
|
Metric
|
MMM
|
KMB
|
PG
|
|---|---|---|---|
Return on Assets (Normalized) | 12.76% | 10.43% | 13.14% |
Return on Equity (Normalized) | 120.12% | 117.92% | 31.34% |
Return on Invested Capital (Normalized) | 30.37% | 22.28% | 19.01% |
Return on Assets
MMM
KMB
PG
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United States