3M Company (MMM) shares moved -28.0% over the last 52 weeks, and as of Friday, were trading 55.2% above their fair value as expressed by Benjamin Graham's formula. We calculate the Graham number as follows:
√(22.5 * earnings per share * book value per share) = √(22.5 * 11.46 * 4.9) = $81.04
3M Company operates as a diversified technology company worldwide. The large-cap Industrials company has 95,000 full time employees and is based in Saint Paul, United States. 3M Company has a current dividend yield of 4.74%.
Here's a Snapshot of 3M's Income Statement, Balance Sheet, and Cash Flow:
|Gross Margins Growth||n/a||-4.62%||3.92%||-3.8%|
|Operating Margins Growth*||n/a||-17.25%||13.3%||-0.9%|
|Earnings Per Share||$6.32||$8.16||$7.93||$8.89|
|Free Cash Flow||$4,862,000,000.0||$5,371,000,000.0||$6,612,000,000.0||$5,851,000,000.0|
|Net Debt to EBIT||1.64||1.98||2.7||1.46|
Compared to the Industrials sector's average of 21.46, 3M Company has a trailing twelve month price to earnings (P/E) ratio of 11.0 and an expected P/E ratio of 12.0. 3M Company's price to book (P/B) ratio is 4.9 compared to the sector average of 3.7.
Currently trading -2.29% away from its average target price of $128.71, 3M Company has an average rating of hold and target prices ranging from $210 to $110. 2.4% of the company's shares are tied to short positions, and 68.0% of its shares are held by institutional investors.
Overall, the Market Inference analysis team sees this stock as being fairly valued with mixed growth indicators and mixed market sentiment.