Financials 3M Company Sao Paulo

Equities

MMMC34

BRMMMCBDR000

Consumer Goods Conglomerates

Delayed Sao Paulo 10:01:03 27/06/2024 pm IST 5-day change 1st Jan Change
143.5 BRL +21.17% Intraday chart for 3M Company +3.20% +8.33%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,01,450 1,00,823 1,02,360 69,104 60,379 56,138 - -
Enterprise Value (EV) 1 1,19,410 1,14,984 1,15,159 81,150 70,428 60,820 59,685 60,011
P/E ratio 22.6 x 18.9 x 17.6 x 11.8 x -8.66 x 16 x 13.3 x 12.2 x
Yield 3.26% 3.36% 3.33% 4.97% 5.49% 3.4% 3.01% 3.29%
Capitalization / Revenue 3.16 x 3.13 x 2.9 x 2.02 x 1.85 x 2.38 x 2.3 x 2.23 x
EV / Revenue 3.72 x 3.57 x 3.26 x 2.37 x 2.16 x 2.58 x 2.44 x 2.38 x
EV / EBITDA 14.2 x 13.1 x 12.4 x 9.07 x 8.64 x 9.23 x 8.55 x 8.28 x
EV / FCF 22.2 x 17.4 x 19.7 x 21.1 x 13.9 x 16.1 x 16.6 x 17 x
FCF Yield 4.5% 5.75% 5.08% 4.73% 7.19% 6.2% 6.01% 5.88%
Price to Book 10.1 x 7.81 x 6.72 x 4.61 x 12.4 x 9.52 x 6.86 x 5.32 x
Nbr of stocks (in thousands) 5,75,051 5,76,822 5,76,253 5,76,253 5,52,317 5,53,361 - -
Reference price 2 176.4 174.8 177.6 119.9 109.3 101.4 101.4 101.4
Announcement Date 28/01/20 26/01/21 25/01/22 24/01/23 23/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 32,136 32,184 35,355 34,229 32,681 23,606 24,441 25,197
EBITDA 1 8,417 8,755 9,284 8,947 8,147 6,588 6,984 7,251
EBIT 1 6,824 6,844 7,369 7,116 6,388 5,087 5,470 5,801
Operating Margin 21.23% 21.27% 20.84% 20.79% 19.55% 21.55% 22.38% 23.02%
Earnings before Tax (EBT) 1 5,712 6,711 7,204 6,392 -9,688 4,621 5,223 5,739
Net income 1 4,570 5,384 5,921 5,777 -6,995 3,494 4,163 4,584
Net margin 14.22% 16.73% 16.75% 16.88% -21.4% 14.8% 17.03% 18.19%
EPS 2 7.810 9.250 10.12 10.18 -12.63 6.329 7.616 8.309
Free Cash Flow 1 5,371 6,612 5,851 3,842 5,065 3,768 3,586 3,528
FCF margin 16.71% 20.54% 16.55% 11.22% 15.5% 15.96% 14.67% 14%
FCF Conversion (EBITDA) 63.81% 75.52% 63.02% 42.94% 62.17% 57.2% 51.35% 48.66%
FCF Conversion (Net income) 117.53% 122.81% 98.82% 66.51% - 107.85% 86.13% 76.98%
Dividend per Share 2 5.760 5.880 5.920 5.960 6.000 3.445 3.051 3.338
Announcement Date 28/01/20 26/01/21 25/01/22 24/01/23 23/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 8,612 8,829 8,702 8,619 8,079 8,031 8,325 8,312 8,013 8,003 5,822 6,049 5,865 5,872 5,977
EBITDA 1 2,123 2,100 2,288 2,305 2,004 1,813 1,963 2,325 2,046 2,096 1,486 1,757 1,540 1,679 1,675
EBIT 1 1,616 1,641 1,826 1,855 1,544 1,376 1,545 1,859 1,608 1,690 1,149 1,394 1,246 1,330 1,282
Operating Margin 18.76% 18.59% 20.98% 21.52% 19.11% 17.13% 18.56% 22.37% 20.07% 21.12% 19.74% 23.04% 21.24% 22.64% 21.45%
Earnings before Tax (EBT) 1 1,564 1,603 60 4,132 597 1,189 -9,023 -2,854 1,000 1,237 1,145 1,379 1,163 1,421 1,207
Net income 1 1,339 1,299 78 3,859 541 976 -6,841 -2,075 945 928 911.9 1,082 956.3 1,146 973.3
Net margin 15.55% 14.71% 0.9% 44.77% 6.7% 12.15% -82.17% -24.96% 11.79% 11.6% 15.66% 17.89% 16.31% 19.52% 16.28%
EPS 2 2.310 2.260 0.1400 6.770 0.9800 1.760 -12.35 -3.740 1.700 1.670 1.668 1.994 1.761 2.056 1.745
Dividend per Share 2 1.480 1.490 1.480 1.490 1.490 1.500 1.500 - 1.500 - 0.7000 0.7000 0.7000 0.7945 0.7945
Announcement Date 25/01/22 26/04/22 26/07/22 25/10/22 24/01/23 25/04/23 25/07/23 24/10/23 23/01/24 30/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 17,960 14,161 12,799 12,046 10,049 4,681 3,546 3,873
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.134 x 1.617 x 1.379 x 1.346 x 1.233 x 0.7106 x 0.5078 x 0.5341 x
Free Cash Flow 1 5,371 6,612 5,851 3,842 5,065 3,768 3,586 3,529
ROE (net income / shareholders' equity) 45.8% 46.7% 42.2% 38.4% 52.2% 93.1% 82.4% 70%
ROA (Net income/ Total Assets) 11.3% 11.7% 12.5% 12.4% -14.4% 7.75% 8.8% 9.7%
Assets 1 40,580 46,001 47,208 46,763 48,517 45,075 47,288 47,264
Book Value Per Share 2 17.50 22.40 26.40 26.00 8.790 10.70 14.80 19.10
Cash Flow per Share 2 12.10 13.90 12.70 9.850 12.10 7.780 9.420 10.90
Capex 1 1,699 1,501 1,603 1,749 1,615 1,303 1,338 1,320
Capex / Sales 5.29% 4.66% 4.53% 5.11% 4.94% 5.52% 5.47% 5.24%
Announcement Date 28/01/20 26/01/21 25/01/22 24/01/23 23/01/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
101.4 USD
Average target price
108.8 USD
Spread / Average Target
+7.21%
Consensus