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3M CO (MMM.DE) Stock Fundamental Analysis

Europe - FRA:MMM - US88579Y1010 - Common Stock

144.24 EUR
+0.78 (+0.54%)
Last: 11/19/2025, 7:00:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to MMM. MMM was compared to 15 industry peers in the Industrial Conglomerates industry. While MMM belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. MMM does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

In the past year MMM was profitable.
MMM had a positive operating cash flow in the past year.
Of the past 5 years MMM 4 years were profitable.
MMM had a positive operating cash flow in each of the past 5 years.
MMM.DE Yearly Net Income VS EBIT VS OCF VS FCFMMM.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B

1.2 Ratios

With an excellent Return On Assets value of 9.04%, MMM belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
Looking at the Return On Equity, with a value of 73.49%, MMM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
MMM's Return On Invested Capital of 14.75% is amongst the best of the industry. MMM outperforms 100.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MMM is above the industry average of 6.68%.
The 3 year average ROIC (11.12%) for MMM is below the current ROIC(14.75%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 9.04%
ROE 73.49%
ROIC 14.75%
ROA(3y)3.02%
ROA(5y)6.63%
ROE(3y)0.78%
ROE(5y)16.81%
ROIC(3y)11.12%
ROIC(5y)12.9%
MMM.DE Yearly ROA, ROE, ROICMMM.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100 -100

1.3 Margins

MMM's Profit Margin of 13.70% is fine compared to the rest of the industry. MMM outperforms 80.00% of its industry peers.
In the last couple of years the Profit Margin of MMM has grown nicely.
With an excellent Operating Margin value of 20.59%, MMM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of MMM has remained more or less at the same level.
With a Gross Margin value of 40.98%, MMM perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
MMM's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 20.59%
PM (TTM) 13.7%
GM 40.98%
OM growth 3Y-1.29%
OM growth 5Y0.76%
PM growth 3Y0.46%
PM growth 5Y3.85%
GM growth 3Y-4.12%
GM growth 5Y-2.49%
MMM.DE Yearly Profit, Operating, Gross MarginsMMM.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

6

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MMM is creating value.
MMM has less shares outstanding than it did 1 year ago.
MMM has less shares outstanding than it did 5 years ago.
MMM has a worse debt/assets ratio than last year.
MMM.DE Yearly Shares OutstandingMMM.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
MMM.DE Yearly Total Debt VS Total AssetsMMM.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

MMM has an Altman-Z score of 4.37. This indicates that MMM is financially healthy and has little risk of bankruptcy at the moment.
MMM has a Altman-Z score of 4.37. This is amongst the best in the industry. MMM outperforms 100.00% of its industry peers.
MMM has a debt to FCF ratio of 8.16. This is a slightly negative value and a sign of low solvency as MMM would need 8.16 years to pay back of all of its debts.
MMM has a better Debt to FCF ratio (8.16) than 66.67% of its industry peers.
A Debt/Equity ratio of 2.56 is on the high side and indicates that MMM has dependencies on debt financing.
MMM has a worse Debt to Equity ratio (2.56) than 80.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.56
Debt/FCF 8.16
Altman-Z 4.37
ROIC/WACC1.89
WACC7.82%
MMM.DE Yearly LT Debt VS Equity VS FCFMMM.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.3 Liquidity

MMM has a Current Ratio of 1.84. This is a normal value and indicates that MMM is financially healthy and should not expect problems in meeting its short term obligations.
MMM has a better Current ratio (1.84) than 80.00% of its industry peers.
A Quick Ratio of 1.40 indicates that MMM should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.40, MMM is doing good in the industry, outperforming 66.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.84
Quick Ratio 1.4
MMM.DE Yearly Current Assets VS Current LiabilitesMMM.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

3

3. Growth

3.1 Past

The earnings per share for MMM have decreased by -9.29% in the last year.
MMM shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.72% yearly.
Looking at the last year, MMM shows a small growth in Revenue. The Revenue has grown by 1.05% in the last year.
Measured over the past years, MMM shows a decrease in Revenue. The Revenue has been decreasing by -5.22% on average per year.
EPS 1Y (TTM)-9.29%
EPS 3Y-7.61%
EPS 5Y-2.72%
EPS Q2Q%10.61%
Revenue 1Y (TTM)1.05%
Revenue growth 3Y-11.42%
Revenue growth 5Y-5.22%
Sales Q2Q%4.12%

3.2 Future

The Earnings Per Share is expected to grow by 4.80% on average over the next years.
Based on estimates for the next years, MMM will show a small growth in Revenue. The Revenue will grow by 3.73% on average per year.
EPS Next Y1.8%
EPS Next 2Y4.58%
EPS Next 3Y5.84%
EPS Next 5Y4.8%
Revenue Next Year2.8%
Revenue Next 2Y3.02%
Revenue Next 3Y2.96%
Revenue Next 5Y3.73%

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.
MMM.DE Yearly Revenue VS EstimatesMMM.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B
MMM.DE Yearly EPS VS EstimatesMMM.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8 10

2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 21.15 indicates a rather expensive valuation of MMM.
Compared to the rest of the industry, the Price/Earnings ratio of MMM is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 25.46. MMM is around the same levels.
Based on the Price/Forward Earnings ratio of 19.15, the valuation of MMM can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MMM is on the same level as its industry peers.
MMM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 35.39.
Industry RankSector Rank
PE 21.15
Fwd PE 19.15
MMM.DE Price Earnings VS Forward Price EarningsMMM.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, MMM is valued a bit more expensive than 66.67% of the companies in the same industry.
60.00% of the companies in the same industry are cheaper than MMM, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 57.67
EV/EBITDA 15.12
MMM.DE Per share dataMMM.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
MMM has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)11.78
PEG (5Y)N/A
EPS Next 2Y4.58%
EPS Next 3Y5.84%

2

5. Dividend

5.1 Amount

MMM has a Yearly Dividend Yield of 1.71%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.64, MMM is paying slightly less dividend.
Compared to the average S&P500 Dividend Yield of 2.44, MMM is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.71%

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
MMM.DE Yearly Dividends per shareMMM.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3 4 5

5.3 Sustainability

45.66% of the earnings are spent on dividend by MMM. This is a bit on the high side, but may be sustainable.
DP45.66%
EPS Next 2Y4.58%
EPS Next 3Y5.84%
MMM.DE Yearly Income VS Free CF VS DividendMMM.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B -4B 6B -6B
MMM.DE Dividend Payout.MMM.DE Dividend Payout, showing the Payout Ratio.MMM.DE Dividend Payout.PayoutRetained Earnings

3M CO

FRA:MMM (11/19/2025, 7:00:00 PM)

144.24

+0.78 (+0.54%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)10-21 2025-10-21/bmo
Earnings (Next)01-19 2026-01-19/amc
Inst Owners75.88%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap76.83B
Revenue(TTM)24.82B
Net Income(TTM)3.40B
Analysts75.83
Price Target148.18 (2.73%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.71%
Yearly Dividend3.12
Dividend Growth(5Y)-8.82%
DP45.66%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.34%
Min EPS beat(2)4.49%
Max EPS beat(2)6.18%
EPS beat(4)4
Avg EPS beat(4)4.05%
Min EPS beat(4)0.09%
Max EPS beat(4)6.18%
EPS beat(8)8
Avg EPS beat(8)6.14%
EPS beat(12)11
Avg EPS beat(12)8.83%
EPS beat(16)15
Avg EPS beat(16)8.58%
Revenue beat(2)1
Avg Revenue beat(2)-0.09%
Min Revenue beat(2)-0.28%
Max Revenue beat(2)0.1%
Revenue beat(4)1
Avg Revenue beat(4)-0.32%
Min Revenue beat(4)-0.6%
Max Revenue beat(4)0.1%
Revenue beat(8)3
Avg Revenue beat(8)-0.2%
Revenue beat(12)4
Avg Revenue beat(12)-10.1%
Revenue beat(16)5
Avg Revenue beat(16)-7.71%
PT rev (1m)6.56%
PT rev (3m)5.7%
EPS NQ rev (1m)-1.67%
EPS NQ rev (3m)-1.23%
EPS NY rev (1m)1.7%
EPS NY rev (3m)4.74%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)0.21%
Revenue NY rev (1m)0.32%
Revenue NY rev (3m)0.32%
Valuation
Industry RankSector Rank
PE 21.15
Fwd PE 19.15
P/S 3.59
P/FCF 57.67
P/OCF 35.66
P/B 19.24
P/tB N/A
EV/EBITDA 15.12
EPS(TTM)6.82
EY4.73%
EPS(NY)7.53
Fwd EY5.22%
FCF(TTM)2.5
FCFY1.73%
OCF(TTM)4.04
OCFY2.8%
SpS40.21
BVpS7.5
TBVpS-4.72
PEG (NY)11.78
PEG (5Y)N/A
Graham Number33.92
Profitability
Industry RankSector Rank
ROA 9.04%
ROE 73.49%
ROCE 17.7%
ROIC 14.75%
ROICexc 17.98%
ROICexgc 26.38%
OM 20.59%
PM (TTM) 13.7%
GM 40.98%
FCFM 6.22%
ROA(3y)3.02%
ROA(5y)6.63%
ROE(3y)0.78%
ROE(5y)16.81%
ROIC(3y)11.12%
ROIC(5y)12.9%
ROICexc(3y)13.89%
ROICexc(5y)15.46%
ROICexgc(3y)26.14%
ROICexgc(5y)32.17%
ROCE(3y)13.54%
ROCE(5y)15.6%
ROICexgc growth 3Y-10.19%
ROICexgc growth 5Y-4.14%
ROICexc growth 3Y2.14%
ROICexc growth 5Y4.95%
OM growth 3Y-1.29%
OM growth 5Y0.76%
PM growth 3Y0.46%
PM growth 5Y3.85%
GM growth 3Y-4.12%
GM growth 5Y-2.49%
F-Score5
Asset Turnover0.66
Health
Industry RankSector Rank
Debt/Equity 2.56
Debt/FCF 8.16
Debt/EBITDA 1.88
Cap/Depr 79.42%
Cap/Sales 3.84%
Interest Coverage 250
Cash Conversion 39.56%
Profit Quality 45.4%
Current Ratio 1.84
Quick Ratio 1.4
Altman-Z 4.37
F-Score5
WACC7.82%
ROIC/WACC1.89
Cap/Depr(3y)87.82%
Cap/Depr(5y)85.14%
Cap/Sales(3y)5.49%
Cap/Sales(5y)5.14%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-9.29%
EPS 3Y-7.61%
EPS 5Y-2.72%
EPS Q2Q%10.61%
EPS Next Y1.8%
EPS Next 2Y4.58%
EPS Next 3Y5.84%
EPS Next 5Y4.8%
Revenue 1Y (TTM)1.05%
Revenue growth 3Y-11.42%
Revenue growth 5Y-5.22%
Sales Q2Q%4.12%
Revenue Next Year2.8%
Revenue Next 2Y3.02%
Revenue Next 3Y2.96%
Revenue Next 5Y3.73%
EBIT growth 1Y3.92%
EBIT growth 3Y-12.56%
EBIT growth 5Y-4.5%
EBIT Next Year34.71%
EBIT Next 3Y14.99%
EBIT Next 5Y10.56%
FCF growth 1Y-68.18%
FCF growth 3Y-52.23%
FCF growth 5Y-34.69%
OCF growth 1Y-62.26%
OCF growth 3Y-37.51%
OCF growth 5Y-23.78%

3M CO / MMM.DE FAQ

What is the ChartMill fundamental rating of 3M CO (MMM.DE) stock?

ChartMill assigns a fundamental rating of 5 / 10 to MMM.DE.


Can you provide the valuation status for 3M CO?

ChartMill assigns a valuation rating of 2 / 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 8 / 10.


Can you provide the PE and PB ratios for MMM stock?

The Price/Earnings (PE) ratio for 3M CO (MMM.DE) is 21.15 and the Price/Book (PB) ratio is 19.24.


Can you provide the dividend sustainability for MMM stock?

The dividend rating of 3M CO (MMM.DE) is 2 / 10 and the dividend payout ratio is 45.66%.