3M CO (MMM.DE) Stock Fundamental Analysis

FRA:MMM • US88579Y1010

137.26 EUR
-1.5 (-1.08%)
Last: Mar 2, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

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 does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year MMM was profitable.
  • MMM had a positive operating cash flow in the past year.
  • MMM had positive earnings in 4 of the past 5 years.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B

1.2 Ratios

  • With an excellent Return On Assets value of 8.61%, MMM belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
  • With an excellent Return On Equity value of 68.46%, MMM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • MMM has a better Return On Invested Capital (13.64%) than 100.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MMM is significantly above the industry average of 6.44%.
  • The 3 year average ROIC (12.18%) for MMM is below the current ROIC(13.64%), indicating increased profibility in the last year.
Industry RankSector 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%
MMM.DE Yearly ROA, ROE, ROICMMM.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 100 -100

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.
  • With an excellent Operating Margin value of 19.29%, MMM belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
  • MMM's Operating Margin has declined in the last couple of years.
  • MMM's Gross Margin of 39.91% is in line compared to the rest of the industry. MMM outperforms 50.00% of its industry peers.
  • In the last couple of years the Gross Margin of MMM has declined.
Industry RankSector 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%
MMM.DE Yearly Profit, Operating, Gross MarginsMMM.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

More info and screens

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4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MMM is creating some value.
  • MMM has less shares outstanding than it did 1 year ago.
  • MMM has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for MMM is higher compared to a year ago.
MMM.DE Yearly Shares OutstandingMMM.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
MMM.DE Yearly Total Debt VS Total AssetsMMM.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • The Debt to FCF ratio of MMM is 9.33, which is on the high side as it means it would take MMM, 9.33 years of fcf income to pay off all of its debts.
  • MMM has a Debt to FCF ratio of 9.33. This is in the better half of the industry: MMM outperforms 62.50% of its industry peers.
  • A Debt/Equity ratio of 2.30 is on the high side and indicates that MMM has dependencies on debt financing.
  • The Debt to Equity ratio of MMM (2.30) is worse than 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.3
Debt/FCF 9.33
Altman-Z N/A
ROIC/WACC1.72
WACC7.91%
MMM.DE Yearly LT Debt VS Equity VS FCFMMM.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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 has a better Current ratio (1.71) than 75.00% 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.
  • The Quick ratio of MMM (1.33) is better than 62.50% of its industry peers.
Industry RankSector Rank
Current Ratio 1.71
Quick Ratio 1.33
MMM.DE Yearly Current Assets VS Current LiabilitesMMM.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 1.00% over the past year.
  • The Earnings Per Share has been decreasing by -1.63% on average over the past years.
  • MMM shows a small growth in Revenue. In the last year, the Revenue has grown by 1.52%.
  • The Revenue has been decreasing by -4.97% on average over the past years.
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

  • MMM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.45% yearly.
  • The Revenue is expected to grow by 3.84% on average over the next years.
EPS Next Y8.36%
EPS Next 2Y8.58%
EPS Next 3Y7.86%
EPS Next 5Y6.45%
Revenue Next Year3.42%
Revenue Next 2Y3.31%
Revenue Next 3Y3.13%
Revenue Next 5Y3.84%

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.
MMM.DE Yearly Revenue VS EstimatesMMM.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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3

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 19.92, the valuation of MMM can be described as rather expensive.
  • Based on the Price/Earnings ratio, MMM is valued a bit cheaper than 68.75% of the companies in the same industry.
  • MMM is valuated rather cheaply when we compare the Price/Earnings ratio to 27.13, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 18.38, MMM is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, MMM is valued a bit cheaper than 62.50% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of MMM to the average of the S&P500 Index (28.11), we can say MMM is valued slightly cheaper.
Industry RankSector Rank
PE 19.92
Fwd PE 18.38
MMM.DE Price Earnings VS Forward Price EarningsMMM.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • MMM's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 62.64
EV/EBITDA N/A
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.
  • The decent profitability rating of MMM may justify a higher PE ratio.
PEG (NY)2.38
PEG (5Y)N/A
EPS Next 2Y8.58%
EPS Next 3Y7.86%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. Dividend

5.1 Amount

  • MMM has a Yearly Dividend Yield of 1.88%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.01, MMM is paying slightly less dividend.
  • MMM's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.88%

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 2026 1 2 3 4 5

5.3 Sustainability

DP0%
EPS Next 2Y8.58%
EPS Next 3Y7.86%
MMM.DE Yearly Income VS Free CF VS DividendMMM.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B 6B -6B

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3M CO

FRA:MMM (3/2/2026, 7:00:00 PM)

137.26

-1.5 (-1.08%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)01-20
Earnings (Next)04-20
Inst Owners74.31%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap72.29B
Revenue(TTM)24.95B
Net Income(TTM)3.25B
Analysts74.17
Price Target149.85 (9.17%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.88%
Yearly Dividend3.07
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)1.59%
PT rev (3m)-0.08%
EPS NQ rev (1m)0.18%
EPS NQ rev (3m)-0.55%
EPS NY rev (1m)0.43%
EPS NY rev (3m)0.06%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-0.31%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)0.35%
Valuation
Industry RankSector Rank
PE 19.92
Fwd PE 18.38
P/S 3.39
P/FCF 62.64
P/OCF 37.42
P/B 17.82
P/tB N/A
EV/EBITDA N/A
EPS(TTM)6.89
EY5.02%
EPS(NY)7.47
Fwd EY5.44%
FCF(TTM)2.19
FCFY1.6%
OCF(TTM)3.67
OCFY2.67%
SpS40.49
BVpS7.7
TBVpS-4.5
PEG (NY)2.38
PEG (5Y)N/A
Graham Number34.56
Profitability
Industry RankSector 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 RankSector 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
WACC7.91%
ROIC/WACC1.72
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 Y8.36%
EPS Next 2Y8.58%
EPS Next 3Y7.86%
EPS Next 5Y6.45%
Revenue 1Y (TTM)1.52%
Revenue growth 3Y-1.57%
Revenue growth 5Y-4.97%
Sales Q2Q%3.7%
Revenue Next Year3.42%
Revenue Next 2Y3.31%
Revenue Next 3Y3.13%
Revenue Next 5Y3.84%
EBIT growth 1Y-3.93%
EBIT growth 3Y34.78%
EBIT growth 5Y-7.22%
EBIT Next Year30.03%
EBIT Next 3Y11.54%
EBIT Next 5Y9.38%
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 19.92 and the Price/Book (PB) ratio is 17.82.


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 8.36% in the next year.