3M Co.
MMM
Market Cap$76.8B
Close$
Earnings Call Q4 2024
January 21, 2025 - AI Summary
Strong Fourth Quarter Performance: 3M reported adjusted earnings per share (EPS) of $1.68 for Q4 2024, exceeding internal guidance, alongside a 2.1% organic revenue growth. This capped off a robust year with adjusted EPS of $7.30, marking a 21% increase year-over-year, and free cash flow of $4.9 billion with a conversion rate of 111%.
Guidance for 2025: The company expects organic sales growth of 2% to 3%, with adjusted EPS forecasted between $7.60 and $7.90 for 2025, representing a growth rate of 4% to 8%. Free cash flow conversion is anticipated to remain around 100%, underpinning confidence in operational execution despite mixed macroeconomic indicators.
Challenges in Operational Execution: 3M has faced difficulties in on-time delivery (OTIF), particularly in the Safety & Industrial segment, which remains below expectations at low 80s. This service issue has been cited as a factor causing lost sales, indicating operational improvements are necessary to support future growth.
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$124.19
17% downside
Current Fair Value
17% downsideOvervalued by 17% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $76.80 Billion |
|---|---|
| Enterprise Value | $85.02 Billion |
| Dividend Yield | $3.36254 (2.38427284974828%) |
| Earnings per Share | $-12.63 |
| Beta | 1 |
| Outstanding Shares | 550,600,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 17.69 |
|---|---|
| PEG | -10.65 |
| Price to Sales | 2.94 |
| Price to Book Ratio | 18.71 |
| Enterprise Value to Revenue | 2.98 |
| Enterprise Value to EBIT | 16.13 |
| Enterprise Value to Net Income | 19 |
| Total Debt to Enterprise | 0.17 |
| Debt to Equity | 3.07 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About 3M Co.
96,163 employees
CEO: Michael Roman 3M Company is a diversified corporation manufacturing a wide range of products, including abrasives, adhesive tape and related products, and consumer-electronics components. It is headquartered in St. Paul, Minnesota. 3M apply science i...