Thinking about 3M Company? We Studied it, so You Don't Have to.

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:

2018-12-31 2019-12-31 2020-12-31 2021-12-31
Revenue $32,765,000,000.0 $32,136,000,000.0 $32,184,000,000.0 $35,355,000,000.0
Revenue Growth n/a -1.92% 0.15% 9.85%
Gross Margins 49.17% 46.9% 48.74% 46.89%
Gross Margins Growth n/a -4.62% 3.92% -3.8%
Operating Margins 23.71% 19.62% 22.23% 22.03%
Operating Margins Growth* n/a -17.25% 13.3% -0.9%
Earnings Per Share $6.32 $8.16 $7.93 $8.89
EPS Growth n/a 29.11% -2.82% 12.11%
Free Cash Flow $4,862,000,000.0 $5,371,000,000.0 $6,612,000,000.0 $5,851,000,000.0
FCF Growth n/a 10.47% 23.11% -11.51%
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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.