FMC CORP (FMC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FMC - US3024913036 - Common Stock
14.34 USD
+0.47 (+3.39%)
14.2701 USD
-0.07 (-0.49%)
FMC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 83 industry peers in the Chemicals industry. While FMC is still in line with the averages on profitability rating, there are concerns on its financial health. FMC has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
FMC had positive earnings in the past year.
FMC had a negative operating cash flow in the past year.
In the past 5 years FMC has always been profitable.
FMC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of FMC (-4.41%) is worse than 69.88% of its industry peers.
FMC has a worse Return On Equity (-14.11%) than 68.67% of its industry peers.
FMC has a Return On Invested Capital of 2.92%. This is comparable to the rest of the industry: FMC outperforms 45.78% of its industry peers.
FMC had an Average Return On Invested Capital over the past 3 years of 7.90%. This is in line with the industry average of 6.09%.
The last Return On Invested Capital (2.92%) for FMC is well below the 3 year average (7.90%), which needs to be investigated, but indicates that FMC had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.41% | ||
| ROE | -14.11% | ||
| ROIC | 2.92% |
ROA(3y)6.85%
ROA(5y)6.57%
ROE(3y)19.73%
ROE(5y)20.26%
ROIC(3y)7.9%
ROIC(5y)9.24%
1.3 Margins
In the last couple of years the Profit Margin of FMC has declined.
Looking at the Operating Margin, with a value of 9.48%, FMC is in line with its industry, outperforming 54.22% of the companies in the same industry.
In the last couple of years the Operating Margin of FMC has declined.
FMC's Gross Margin of 38.15% is amongst the best of the industry. FMC outperforms 80.72% of its industry peers.
In the last couple of years the Gross Margin of FMC has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.48% | ||
| PM (TTM) | N/A | ||
| GM | 38.15% |
OM growth 3Y-11.44%
OM growth 5Y-6.44%
PM growth 3Y-18.08%
PM growth 5Y-4.96%
GM growth 3Y-3.37%
GM growth 5Y-2.99%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FMC is destroying value.
FMC has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for FMC has been reduced compared to 5 years ago.
The debt/assets ratio for FMC has been reduced compared to a year ago.
2.2 Solvency
FMC has an Altman-Z score of 1.36. This is a bad value and indicates that FMC is not financially healthy and even has some risk of bankruptcy.
FMC has a Altman-Z score of 1.36. This is in the lower half of the industry: FMC underperforms 68.67% of its industry peers.
FMC has a Debt/Equity ratio of 1.18. This is a high value indicating a heavy dependency on external financing.
FMC has a Debt to Equity ratio of 1.18. This is in the lower half of the industry: FMC underperforms 69.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.36 |
ROIC/WACC0.33
WACC8.85%
2.3 Liquidity
A Current Ratio of 1.40 indicates that FMC should not have too much problems paying its short term obligations.
FMC has a Current ratio of 1.40. This is in the lower half of the industry: FMC underperforms 75.90% of its industry peers.
FMC has a Quick Ratio of 1.05. This is a normal value and indicates that FMC is financially healthy and should not expect problems in meeting its short term obligations.
FMC's Quick ratio of 1.05 is on the low side compared to the rest of the industry. FMC is outperformed by 61.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.4 | ||
| Quick Ratio | 1.05 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 29.09% over the past year.
FMC shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -10.61% yearly.
The Revenue for FMC has decreased by -13.42% in the past year. This is quite bad
Measured over the past years, FMC shows a decrease in Revenue. The Revenue has been decreasing by -1.63% on average per year.
EPS 1Y (TTM)29.09%
EPS 3Y-20.59%
EPS 5Y-10.61%
EPS Q2Q%28.99%
Revenue 1Y (TTM)-13.42%
Revenue growth 3Y-5.59%
Revenue growth 5Y-1.63%
Sales Q2Q%-9.77%
3.2 Future
Based on estimates for the next years, FMC will show a decrease in Earnings Per Share. The EPS will decrease by -0.98% on average per year.
FMC is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.02% yearly.
EPS Next Y-13.37%
EPS Next 2Y-13.62%
EPS Next 3Y-3.06%
EPS Next 5Y-0.98%
Revenue Next Year-11.74%
Revenue Next 2Y-4.84%
Revenue Next 3Y-0.97%
Revenue Next 5Y-0.02%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 4.04, the valuation of FMC can be described as very cheap.
Based on the Price/Earnings ratio, FMC is valued cheaply inside the industry as 96.39% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of FMC to the average of the S&P500 Index (26.60), we can say FMC is valued rather cheaply.
With a Price/Forward Earnings ratio of 5.54, the valuation of FMC can be described as very cheap.
Based on the Price/Forward Earnings ratio, FMC is valued cheaply inside the industry as 96.39% of the companies are valued more expensively.
FMC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.04 | ||
| Fwd PE | 5.54 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
FMC's earnings are expected to decrease with -3.06% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-13.62%
EPS Next 3Y-3.06%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.40%, FMC has a reasonable but not impressive dividend return.
The stock price of FMC dropped by -55.52% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 2.48, FMC pays a bit more dividend than its industry peers.
FMC's Dividend Yield is a higher than the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.4% |
5.2 History
On average, the dividend of FMC grows each year by 28.29%, which is quite nice.
FMC has paid a dividend for at least 10 years, which is a reliable track record.
FMC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)28.29%
Div Incr Years0
Div Non Decr Years18
5.3 Sustainability
DPN/A
EPS Next 2Y-13.62%
EPS Next 3Y-3.06%
14.34
+0.47 (+3.39%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners93.54%
Inst Owner Change-3.25%
Ins Owners0.39%
Ins Owner Change0.91%
Market Cap1.79B
Revenue(TTM)3.61B
Net Income(TTM)-532.30M
Analysts67.2
Price Target23.34 (62.76%)
Short Float %10.76%
Short Ratio2.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.4% |
Yearly Dividend2.33
Dividend Growth(5Y)28.29%
DPN/A
Div Incr Years0
Div Non Decr Years18
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.95%
Min EPS beat(2)2.94%
Max EPS beat(2)10.96%
EPS beat(4)4
Avg EPS beat(4)28.18%
Min EPS beat(4)2.94%
Max EPS beat(4)88.17%
EPS beat(8)7
Avg EPS beat(8)20.1%
EPS beat(12)9
Avg EPS beat(12)10.22%
EPS beat(16)13
Avg EPS beat(16)9.28%
Revenue beat(2)1
Avg Revenue beat(2)-3.04%
Min Revenue beat(2)-10.49%
Max Revenue beat(2)4.42%
Revenue beat(4)1
Avg Revenue beat(4)-3.5%
Min Revenue beat(4)-10.49%
Max Revenue beat(4)4.42%
Revenue beat(8)2
Avg Revenue beat(8)-3.99%
Revenue beat(12)3
Avg Revenue beat(12)-3.24%
Revenue beat(16)7
Avg Revenue beat(16)-1.44%
PT rev (1m)-15.14%
PT rev (3m)-51%
EPS NQ rev (1m)-1.65%
EPS NQ rev (3m)-32.03%
EPS NY rev (1m)-5.96%
EPS NY rev (3m)-15.48%
Revenue NQ rev (1m)-0.09%
Revenue NQ rev (3m)-11.48%
Revenue NY rev (1m)-3.47%
Revenue NY rev (3m)-9.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.04 | ||
| Fwd PE | 5.54 | ||
| P/S | 0.5 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.47 | ||
| P/tB | 51.62 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.55
EY24.76%
EPS(NY)2.59
Fwd EY18.06%
FCF(TTM)-2.73
FCFYN/A
OCF(TTM)-2.54
OCFYN/A
SpS28.89
BVpS30.21
TBVpS0.28
PEG (NY)N/A
PEG (5Y)N/A
Graham Number49.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.41% | ||
| ROE | -14.11% | ||
| ROCE | 4.23% | ||
| ROIC | 2.92% | ||
| ROICexc | 3.08% | ||
| ROICexgc | 5.37% | ||
| OM | 9.48% | ||
| PM (TTM) | N/A | ||
| GM | 38.15% | ||
| FCFM | N/A |
ROA(3y)6.85%
ROA(5y)6.57%
ROE(3y)19.73%
ROE(5y)20.26%
ROIC(3y)7.9%
ROIC(5y)9.24%
ROICexc(3y)8.37%
ROICexc(5y)9.87%
ROICexgc(3y)17.93%
ROICexgc(5y)22.19%
ROCE(3y)10.56%
ROCE(5y)12.26%
ROICexgc growth 3Y-26.4%
ROICexgc growth 5Y-15.61%
ROICexc growth 3Y-20.96%
ROICexc growth 5Y-11.11%
OM growth 3Y-11.44%
OM growth 5Y-6.44%
PM growth 3Y-18.08%
PM growth 5Y-4.96%
GM growth 3Y-3.37%
GM growth 5Y-2.99%
F-Score2
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.4 | ||
| Quick Ratio | 1.05 | ||
| Altman-Z | 1.36 |
F-Score2
WACC8.85%
ROIC/WACC0.33
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)29.09%
EPS 3Y-20.59%
EPS 5Y-10.61%
EPS Q2Q%28.99%
EPS Next Y-13.37%
EPS Next 2Y-13.62%
EPS Next 3Y-3.06%
EPS Next 5Y-0.98%
Revenue 1Y (TTM)-13.42%
Revenue growth 3Y-5.59%
Revenue growth 5Y-1.63%
Sales Q2Q%-9.77%
Revenue Next Year-11.74%
Revenue Next 2Y-4.84%
Revenue Next 3Y-0.97%
Revenue Next 5Y-0.02%
EBIT growth 1Y-35.82%
EBIT growth 3Y-16.39%
EBIT growth 5Y-7.96%
EBIT Next Year19.92%
EBIT Next 3Y7.69%
EBIT Next 5Y5.38%
FCF growth 1Y-67.9%
FCF growth 3Y-1.74%
FCF growth 5Y14.13%
OCF growth 1Y-423.06%
OCF growth 3Y-6.47%
OCF growth 5Y6.56%
FMC CORP / FMC FAQ
What is the ChartMill fundamental rating of FMC CORP (FMC) stock?
ChartMill assigns a fundamental rating of 4 / 10 to FMC.
Can you provide the valuation status for FMC CORP?
ChartMill assigns a valuation rating of 5 / 10 to FMC CORP (FMC). This can be considered as Fairly Valued.
What is the profitability of FMC stock?
FMC CORP (FMC) has a profitability rating of 4 / 10.
Can you provide the expected EPS growth for FMC stock?
The Earnings per Share (EPS) of FMC CORP (FMC) is expected to decline by -13.37% in the next year.