FMC CORP (FMC) Stock Fundamental Analysis
USA - NYSE:FMC - US3024913036 - Common Stock
37.21 USD
-0.06 (-0.16%)
37.21 USD
0 (0%)
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 decent growth rate and is not valued too expensively. Finally FMC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
FMC had positive earnings in the past year.
In the past year FMC had a positive cash flow from operations.
FMC had positive earnings in each of the past 5 years.
Of the past 5 years FMC 4 years had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 0.81%, FMC perfoms like the industry average, outperforming 55.42% of the companies in the same industry.
Looking at the Return On Equity, with a value of 2.25%, FMC is in line with its industry, outperforming 55.42% of the companies in the same industry.
The Return On Invested Capital of FMC (5.01%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for FMC is in line with the industry average of 6.34%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.81% | ||
| ROE | 2.25% | ||
| ROIC | 5.01% |
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
The Profit Margin of FMC (2.40%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of FMC has declined.
FMC has a better Operating Margin (14.64%) than 78.31% of its industry peers.
FMC's Operating Margin has declined in the last couple of years.
The Gross Margin of FMC (39.55%) is better than 83.13% of its industry peers.
FMC's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.64% | ||
| PM (TTM) | 2.4% | ||
| GM | 39.55% |
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
FMC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
FMC has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, FMC has less shares outstanding
FMC has a better debt/assets ratio than last year.
2.2 Solvency
FMC has an Altman-Z score of 1.78. This is a bad value and indicates that FMC is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.78, FMC perfoms like the industry average, outperforming 46.99% of the companies in the same industry.
The Debt to FCF ratio of FMC is 261.84, which is on the high side as it means it would take FMC, 261.84 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 261.84, FMC is in line with its industry, outperforming 43.37% of the companies in the same industry.
FMC has a Debt/Equity ratio of 0.93. This is a neutral value indicating FMC is somewhat dependend on debt financing.
The Debt to Equity ratio of FMC (0.93) is worse than 65.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 261.84 | ||
| Altman-Z | 1.78 |
ROIC/WACC0.54
WACC9.22%
2.3 Liquidity
A Current Ratio of 1.53 indicates that FMC should not have too much problems paying its short term obligations.
FMC has a Current ratio of 1.53. This is in the lower half of the industry: FMC underperforms 69.88% of its industry peers.
FMC has a Quick Ratio of 1.14. This is a normal value and indicates that FMC is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of FMC (1.14) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.53 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 34.00% over the past year.
The earnings per share for FMC have been decreasing by -10.61% on average. This is quite bad
Looking at the last year, FMC shows a small growth in Revenue. The Revenue has grown by 1.16% in the last year.
The Revenue has been decreasing by -1.63% on average over the past years.
EPS 1Y (TTM)34%
EPS 3Y-20.59%
EPS 5Y-10.61%
EPS Q2Q%9.52%
Revenue 1Y (TTM)1.16%
Revenue growth 3Y-5.59%
Revenue growth 5Y-1.63%
Sales Q2Q%1.17%
3.2 Future
FMC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.89% yearly.
The Revenue is expected to grow by 6.01% on average over the next years.
EPS Next Y2.5%
EPS Next 2Y7.53%
EPS Next 3Y9.67%
EPS Next 5Y12.89%
Revenue Next Year-2.96%
Revenue Next 2Y0.81%
Revenue Next 3Y2.67%
Revenue Next 5Y6.01%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.11 indicates a reasonable valuation of FMC.
Compared to the rest of the industry, the Price/Earnings ratio of FMC indicates a rather cheap valuation: FMC is cheaper than 84.34% of the companies listed in the same industry.
FMC is valuated cheaply when we compare the Price/Earnings ratio to 27.41, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 9.27, the valuation of FMC can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FMC indicates a rather cheap valuation: FMC is cheaper than 87.95% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.88, FMC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.11 | ||
| Fwd PE | 9.27 |
4.2 Price Multiples
FMC's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 292.32 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FMC does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)4.44
PEG (5Y)N/A
EPS Next 2Y7.53%
EPS Next 3Y9.67%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.07%, FMC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.43, FMC pays a better dividend. On top of this FMC pays more dividend than 89.16% of the companies listed in the same industry.
FMC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.07% |
5.2 History
The dividend of FMC is nicely growing with an annual growth rate of 28.29%!
FMC has been paying a dividend for at least 10 years, so it has 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
FMC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DPN/A
EPS Next 2Y7.53%
EPS Next 3Y9.67%
37.21
-0.06 (-0.16%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners92.49%
Inst Owner Change6.28%
Ins Owners0.44%
Ins Owner Change3.47%
Market Cap4.65B
Analysts68.8
Price Target47.62 (27.98%)
Short Float %6.16%
Short Ratio4.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.07% |
Yearly Dividend2.33
Dividend Growth(5Y)28.29%
DPN/A
Div Incr Years0
Div Non Decr Years18
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)49.56%
Min EPS beat(2)10.96%
Max EPS beat(2)88.17%
EPS beat(4)4
Avg EPS beat(4)34.86%
Min EPS beat(4)10.67%
Max EPS beat(4)88.17%
EPS beat(8)6
Avg EPS beat(8)17.18%
EPS beat(12)9
Avg EPS beat(12)10.71%
EPS beat(16)13
Avg EPS beat(16)9.55%
Revenue beat(2)1
Avg Revenue beat(2)2.18%
Min Revenue beat(2)-0.06%
Max Revenue beat(2)4.42%
Revenue beat(4)2
Avg Revenue beat(4)-0.42%
Min Revenue beat(4)-7.88%
Max Revenue beat(4)4.42%
Revenue beat(8)2
Avg Revenue beat(8)-3.14%
Revenue beat(12)4
Avg Revenue beat(12)-2.21%
Revenue beat(16)8
Avg Revenue beat(16)-0.73%
PT rev (1m)0.24%
PT rev (3m)3.87%
EPS NQ rev (1m)-0.6%
EPS NQ rev (3m)0.5%
EPS NY rev (1m)2.32%
EPS NY rev (3m)2.81%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.27%
Revenue NY rev (1m)0.35%
Revenue NY rev (3m)0.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.11 | ||
| Fwd PE | 9.27 | ||
| P/S | 1.12 | ||
| P/FCF | 292.32 | ||
| P/OCF | 145.7 | ||
| P/B | 1.06 | ||
| P/tB | 9.92 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.35
EY9%
EPS(NY)4.01
Fwd EY10.78%
FCF(TTM)0.13
FCFY0.34%
OCF(TTM)0.26
OCFY0.69%
SpS33.08
BVpS35.2
TBVpS3.75
PEG (NY)4.44
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.81% | ||
| ROE | 2.25% | ||
| ROCE | 6.93% | ||
| ROIC | 5.01% | ||
| ROICexc | 5.25% | ||
| ROICexgc | 9.25% | ||
| OM | 14.64% | ||
| PM (TTM) | 2.4% | ||
| GM | 39.55% | ||
| FCFM | 0.38% |
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%
ROICexcg growth 3Y-26.4%
ROICexcg 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-Score4
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 261.84 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 16.06% | ||
| Current Ratio | 1.53 | ||
| Quick Ratio | 1.14 | ||
| Altman-Z | 1.78 |
F-Score4
WACC9.22%
ROIC/WACC0.54
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)34%
EPS 3Y-20.59%
EPS 5Y-10.61%
EPS Q2Q%9.52%
EPS Next Y2.5%
EPS Next 2Y7.53%
EPS Next 3Y9.67%
EPS Next 5Y12.89%
Revenue 1Y (TTM)1.16%
Revenue growth 3Y-5.59%
Revenue growth 5Y-1.63%
Sales Q2Q%1.17%
Revenue Next Year-2.96%
Revenue Next 2Y0.81%
Revenue Next 3Y2.67%
Revenue Next 5Y6.01%
EBIT growth 1Y20.38%
EBIT growth 3Y-16.39%
EBIT growth 5Y-7.96%
EBIT Next Year28.16%
EBIT Next 3Y14.96%
EBIT Next 5Y14.57%
FCF growth 1Y-87.26%
FCF growth 3Y-1.74%
FCF growth 5Y14.13%
OCF growth 1Y-88.15%
OCF growth 3Y-6.47%
OCF growth 5Y6.56%