McCormick & Co., Inc. - Ordinary Shares (Non Voting)
MKC
Market Cap$20.08B
Close$
Earnings Call Q2 2024
June 27, 2024 - AI Summary
McCormick reported a 1% decline in sales for the second quarter, driven by flat pricing and a 1% decline in volume and product mix.
The Consumer segment showed improved volume growth across major markets, particularly in spices and seasonings. However, Flavor Solutions experienced softness in volumes due to slower QSR traffic and customer activities.
The company remains focused on increasing brand marketing investments, accelerating innovation, expanding distribution, and managing price gaps to drive volume growth.
Exclusive for Stockcircle Pro members
Sign up
$79.00
4.3% downside
Current Fair Value
4.3% downsideOvervalued by 4.3% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $20.08 Billion |
|---|---|
| Enterprise Value | $24.38 Billion |
| Dividend Yield | $1.6359 (2.19%) |
| Earnings per Share | $2.74 |
| Beta | 0.33 |
| Outstanding Shares | 252,015,474 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 27.15 |
|---|---|
| PEG | 128.65 |
| Price to Sales | 3.18 |
| Price to Book Ratio | 3.93 |
| Enterprise Value to Revenue | 3.65 |
| Enterprise Value to EBIT | 23.09 |
| Enterprise Value to Net Income | 32 |
| Total Debt to Enterprise | 0.18 |
| Debt to Equity | 0.84 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About McCormick & Co., Inc.
CEO: Lawrence Kurzius