Now trading at a price of $106.22, 3M Company moved 0.8% Friday
3M Company returned losses of -27.2% last year, with its stock price reaching a high of $154.66 and a low of $100.16. Over the same period, the stock underperformed the S&P 500 index by -28.0%. As of April 2023, the company's 50-day average price was $105.41. 3M Company provides diversified technology services in the United States and internationally. Based in Saint Paul, MN, the large-cap Industrials company has 92,000 full time employees. 3M Company has not offered a dividend during the last year.
Overview of the Company's Finances:
|Net Income (MM)||4,570||5,384||5,921||5,777|
|Depreciation & Amort.||-$1,593,000||-$1,911,000||-$1,915,000||-$1,831,000|
|Earnings Per Share||$7.81||$9.36||$10.12||$9.68|
|Diluted Shares (MM)||585||582||585||552|
|Free Cash Flow (MM)||$5,371||$6,612||$5,851||$3,842|
|Net Current Assets (MM)||-$21,562||-$19,431||-$16,552||-$16,997|
|Long Term Debt||$17,518,000||$17,989,000||$16,056,000||$14,001,000|
|Net Debt / EBITDA||2.38||1.58||1.36||1.46|
A Very Low P/E Ratio but Trades Above Its Graham Number:
3M Company has a trailing twelve month P/E ratio of 10.9, compared to an average of 20.49 for the Industrials sector. Based on its EPS guidance of $9.55, the company has a forward P/E ratio of 11.0. The 4.1% compound average growth rate of 3M Company's historical and projected earnings per share yields a PEG ratio of 2.65. This suggests that these shares are overvalued. The market is placing a fair value on 3M Company's equity, since its P/B ratio of 3.96 is comparable to its sector average of 3.78. The company's shares are currently trading 42.3% above their Graham number.
There's an Analyst Consensus of Some Upside Potential for 3M Company:
The 17 analysts following 3M Company have set target prices ranging from $95.0 to $210.0 per share, for an average of $117.16 with a hold rating. As of April 2023, the company is trading -10.0% away from its average target price, indicating that there is an analyst consensus of some upside potential.
3M Company has an average amount of shares sold short because 2.4% of the company's shares are sold short. Institutions own 68.4% of the company's shares, and the insider ownership rate stands at 0.12%, suggesting a small amount of insider investors. The largest shareholder is the Vanguard Group, Inc., whose 8% stake in the company is worth $4,978,760,786.