3M CO (MMM.DE) Stock Fundamental Analysis
Europe • Frankfurt Stock Exchange • FRA:MMM • US88579Y1010
131.9 EUR
+3.86 (+3.01%)
Last: Feb 3, 2026, 07:00 PM
We assign a fundamental rating of 4 out of 10 to MMM. MMM was compared to 16 industry peers in the Industrial Conglomerates industry. While MMM has a great profitability rating, there are some minor concerns on its financial health. MMM has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
- MMM had positive earnings in the past year.
- In the past year MMM had a positive cash flow from operations.
- MMM had positive earnings in 4 of the past 5 years.
- Each year in the past 5 years MMM had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of MMM (8.61%) is better than 93.75% of its industry peers.
- MMM has a Return On Equity of 68.46%. This is amongst the best in the industry. MMM outperforms 100.00% of its industry peers.
- With an excellent Return On Invested Capital value of 13.64%, MMM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for MMM is significantly above the industry average of 6.41%.
- The 3 year average ROIC (12.18%) for MMM is below the current ROIC(13.64%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.61% | ||
| ROE | 68.46% | ||
| ROIC | 13.64% |
ROA(3y)1.75%
ROA(5y)6.05%
ROE(3y)10.52%
ROE(5y)22.03%
ROIC(3y)12.18%
ROIC(5y)11.3%
1.3 Margins
- Looking at the Profit Margin, with a value of 13.03%, MMM belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
- MMM's Profit Margin has declined in the last couple of years.
- MMM has a Operating Margin of 19.29%. This is amongst the best in the industry. MMM outperforms 87.50% of its industry peers.
- MMM's Operating Margin has declined in the last couple of years.
- With a Gross Margin value of 39.91%, MMM perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
- In the last couple of years the Gross Margin of MMM has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.29% | ||
| PM (TTM) | 13.03% | ||
| GM | 39.92% |
OM growth 3Y36.93%
OM growth 5Y-2.37%
PM growth 3Y-16.13%
PM growth 5Y-5.11%
GM growth 3Y0.43%
GM growth 5Y-3.86%
2. Health
2.1 Basic Checks
- MMM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for MMM has been reduced compared to 1 year ago.
- Compared to 5 years ago, MMM has less shares outstanding
- Compared to 1 year ago, MMM has a worse debt to assets ratio.
2.2 Solvency
- MMM has a debt to FCF ratio of 9.33. This is a negative value and a sign of low solvency as MMM would need 9.33 years to pay back of all of its debts.
- The Debt to FCF ratio of MMM (9.33) is better than 62.50% of its industry peers.
- MMM has a Debt/Equity ratio of 2.30. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 2.30, MMM is doing worse than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.3 | ||
| Debt/FCF | 9.33 | ||
| Altman-Z | N/A |
ROIC/WACC1.67
WACC8.16%
2.3 Liquidity
- MMM has a Current Ratio of 1.71. This is a normal value and indicates that MMM is financially healthy and should not expect problems in meeting its short term obligations.
- MMM's Current ratio of 1.71 is amongst the best of the industry. MMM outperforms 81.25% of its industry peers.
- MMM has a Quick Ratio of 1.33. This is a normal value and indicates that MMM is financially healthy and should not expect problems in meeting its short term obligations.
- MMM's Quick ratio of 1.33 is fine compared to the rest of the industry. MMM outperforms 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.71 | ||
| Quick Ratio | 1.33 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 1.00% over the past year.
- Measured over the past years, MMM shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.63% on average per year.
- The Revenue has been growing slightly by 1.52% in the past year.
- Measured over the past years, MMM shows a decrease in Revenue. The Revenue has been decreasing by -4.97% on average per year.
EPS 1Y (TTM)1%
EPS 3Y-7.24%
EPS 5Y-1.63%
EPS Q2Q%8.93%
Revenue 1Y (TTM)1.52%
Revenue growth 3Y-1.57%
Revenue growth 5Y-4.97%
Sales Q2Q%3.7%
3.2 Future
- Based on estimates for the next years, MMM will show a small growth in Earnings Per Share. The EPS will grow by 5.78% on average per year.
- Based on estimates for the next years, MMM will show a small growth in Revenue. The Revenue will grow by 3.91% on average per year.
EPS Next Y7.89%
EPS Next 2Y8.05%
EPS Next 3Y7.7%
EPS Next 5Y5.78%
Revenue Next Year3.49%
Revenue Next 2Y3.29%
Revenue Next 3Y3.04%
Revenue Next 5Y3.91%
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
- With a Price/Earnings ratio of 19.31, MMM is valued on the expensive side.
- 68.75% of the companies in the same industry are more expensive than MMM, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 28.18, MMM is valued a bit cheaper.
- Based on the Price/Forward Earnings ratio of 17.90, the valuation of MMM can be described as rather expensive.
- 68.75% of the companies in the same industry are more expensive than MMM, based on the Price/Forward Earnings ratio.
- MMM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.51, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.31 | ||
| Fwd PE | 17.9 |
4.2 Price Multiples
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of MMM is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 61.25 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MMM does not grow enough to justify the current Price/Earnings ratio.
- MMM has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.45
PEG (5Y)N/A
EPS Next 2Y8.05%
EPS Next 3Y7.7%
5. Dividend
5.1 Amount
- MMM has a Yearly Dividend Yield of 1.87%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 3.06, MMM is paying slightly less dividend.
- MMM's Dividend Yield is comparable with the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
5.2 History
- The dividend of MMM decreases each year by -8.82%.
Dividend Growth(5Y)-8.82%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y8.05%
EPS Next 3Y7.7%
FRA:MMM (2/3/2026, 7:00:00 PM)
131.9
+3.86 (+3.01%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)01-20 2026-01-20/bmo
Earnings (Next)04-20 2026-04-20
Inst Owners74.31%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap70.07B
Revenue(TTM)24.95B
Net Income(TTM)3.25B
Analysts75.65
Price Target147.5 (11.83%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
Yearly Dividend3.05
Dividend Growth(5Y)-8.82%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.6%
Min EPS beat(2)0.72%
Max EPS beat(2)4.49%
EPS beat(4)4
Avg EPS beat(4)4.2%
Min EPS beat(4)0.72%
Max EPS beat(4)6.18%
EPS beat(8)8
Avg EPS beat(8)5.76%
EPS beat(12)12
Avg EPS beat(12)9.27%
EPS beat(16)15
Avg EPS beat(16)7.77%
Revenue beat(2)1
Avg Revenue beat(2)-0.32%
Min Revenue beat(2)-0.73%
Max Revenue beat(2)0.1%
Revenue beat(4)1
Avg Revenue beat(4)-0.38%
Min Revenue beat(4)-0.73%
Max Revenue beat(4)0.1%
Revenue beat(8)3
Avg Revenue beat(8)-0.15%
Revenue beat(12)4
Avg Revenue beat(12)-1.84%
Revenue beat(16)5
Avg Revenue beat(16)-7.71%
PT rev (1m)-0.81%
PT rev (3m)6.08%
EPS NQ rev (1m)-0.8%
EPS NQ rev (3m)1.47%
EPS NY rev (1m)-0.4%
EPS NY rev (3m)0.56%
Revenue NQ rev (1m)-0.24%
Revenue NQ rev (3m)1.61%
Revenue NY rev (1m)0.39%
Revenue NY rev (3m)0.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.31 | ||
| Fwd PE | 17.9 | ||
| P/S | 3.31 | ||
| P/FCF | 61.25 | ||
| P/OCF | 36.59 | ||
| P/B | 17.42 | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)6.83
EY5.18%
EPS(NY)7.37
Fwd EY5.59%
FCF(TTM)2.15
FCFY1.63%
OCF(TTM)3.61
OCFY2.73%
SpS39.8
BVpS7.57
TBVpS-4.43
PEG (NY)2.45
PEG (5Y)N/A
Graham Number34.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.61% | ||
| ROE | 68.46% | ||
| ROCE | 17.1% | ||
| ROIC | 13.64% | ||
| ROICexc | 17.28% | ||
| ROICexgc | 26.14% | ||
| OM | 19.29% | ||
| PM (TTM) | 13.03% | ||
| GM | 39.92% | ||
| FCFM | 5.41% |
ROA(3y)1.75%
ROA(5y)6.05%
ROE(3y)10.52%
ROE(5y)22.03%
ROIC(3y)12.18%
ROIC(5y)11.3%
ROICexc(3y)15.69%
ROICexc(5y)13.95%
ROICexgc(3y)26.61%
ROICexgc(5y)26.21%
ROCE(3y)15.47%
ROCE(5y)14.28%
ROICexgc growth 3Y37.38%
ROICexgc growth 5Y-7.15%
ROICexc growth 3Y53.86%
ROICexc growth 5Y1.26%
OM growth 3Y36.93%
OM growth 5Y-2.37%
PM growth 3Y-16.13%
PM growth 5Y-5.11%
GM growth 3Y0.43%
GM growth 5Y-3.86%
F-Score5
Asset Turnover0.66
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.3 | ||
| Debt/FCF | 9.33 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 3.65% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 41.54% | ||
| Current Ratio | 1.71 | ||
| Quick Ratio | 1.33 | ||
| Altman-Z | N/A |
F-Score5
WACC8.16%
ROIC/WACC1.67
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)5.01%
Cap/Sales(5y)5.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1%
EPS 3Y-7.24%
EPS 5Y-1.63%
EPS Q2Q%8.93%
EPS Next Y7.89%
EPS Next 2Y8.05%
EPS Next 3Y7.7%
EPS Next 5Y5.78%
Revenue 1Y (TTM)1.52%
Revenue growth 3Y-1.57%
Revenue growth 5Y-4.97%
Sales Q2Q%3.7%
Revenue Next Year3.49%
Revenue Next 2Y3.29%
Revenue Next 3Y3.04%
Revenue Next 5Y3.91%
EBIT growth 1Y-3.93%
EBIT growth 3Y34.78%
EBIT growth 5Y-7.22%
EBIT Next Year31.09%
EBIT Next 3Y12.37%
EBIT Next 5Y10.54%
FCF growth 1Y111.6%
FCF growth 3Y-29.43%
FCF growth 5Y-27.22%
OCF growth 1Y24.24%
OCF growth 3Y-26.06%
OCF growth 5Y-22.56%
3M CO / MMM.DE FAQ
What is the ChartMill fundamental rating of 3M CO (MMM.DE) stock?
ChartMill assigns a fundamental rating of 4 / 10 to MMM.DE.
What is the valuation status of 3M CO (MMM.DE) stock?
ChartMill assigns a valuation rating of 3 / 10 to 3M CO (MMM.DE). This can be considered as Overvalued.
Can you provide the profitability details for 3M CO?
3M CO (MMM.DE) has a profitability rating of 7 / 10.
What is the valuation of 3M CO based on its PE and PB ratios?
The Price/Earnings (PE) ratio for 3M CO (MMM.DE) is 19.31 and the Price/Book (PB) ratio is 17.42.
What is the expected EPS growth for 3M CO (MMM.DE) stock?
The Earnings per Share (EPS) of 3M CO (MMM.DE) is expected to grow by 7.89% in the next year.