3M CO (MMM.DE) Stock Fundamental Analysis
Europe • Frankfurt Stock Exchange • FRA:MMM • US88579Y1010
129.62 EUR
-0.98 (-0.75%)
Last: Jan 30, 2026, 07:00 PM
We assign a fundamental rating of 4 out of 10 to MMM. MMM was compared to 18 industry peers in the Industrial Conglomerates industry. MMM scores excellent on profitability, but there are 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.
- Of the past 5 years MMM 4 years were profitable.
- MMM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of MMM (8.61%) is better than 88.89% of its industry peers.
- The Return On Equity of MMM (68.46%) is better than 94.44% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 13.64%, MMM belongs to the top of the industry, outperforming 94.44% 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 7.16%.
- The last Return On Invested Capital (13.64%) for MMM is above the 3 year average (12.18%), which is a sign of increasing profitability.
| 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
- MMM has a better Profit Margin (13.03%) than 66.67% of its industry peers.
- In the last couple of years the Profit Margin of MMM has declined.
- Looking at the Operating Margin, with a value of 19.29%, MMM is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
- MMM's Operating Margin has declined in the last couple of years.
- MMM has a Gross Margin (39.91%) which is in line with its industry peers.
- 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.
- MMM has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, MMM has less shares outstanding
- MMM has a worse debt/assets ratio than last year.
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.
- Looking at the Debt to FCF ratio, with a value of 9.33, MMM is in line with its industry, outperforming 55.56% of the companies in the same industry.
- 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 72.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.3 | ||
| Debt/FCF | 9.33 | ||
| Altman-Z | N/A |
ROIC/WACC1.68
WACC8.13%
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.
- The Current ratio of MMM (1.71) is better than 77.78% 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.
- Looking at the Quick ratio, with a value of 1.33, MMM is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
| 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.
- MMM shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.63% yearly.
- MMM shows a small growth in Revenue. In the last year, the Revenue has grown by 1.52%.
- MMM shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.97% yearly.
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
- The Earnings Per Share is expected to grow by 5.78% on average over the next years.
- MMM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.91% yearly.
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.
- 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
- Based on the Price/Earnings ratio of 19.26, the valuation of MMM can be described as rather expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of MMM indicates a somewhat cheap valuation: MMM is cheaper than 72.22% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 28.30. MMM is valued slightly cheaper when compared to this.
- The Price/Forward Earnings ratio is 17.84, which indicates a rather expensive current valuation of MMM.
- 72.22% of the companies in the same industry are more expensive than MMM, based on the Price/Forward Earnings ratio.
- MMM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.26 | ||
| Fwd PE | 17.84 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, MMM is valued a bit more expensive than 61.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 61.04 | ||
| 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)2.44
PEG (5Y)N/A
EPS Next 2Y8.05%
EPS Next 3Y7.7%
5. Dividend
5.1 Amount
- MMM has a Yearly Dividend Yield of 1.82%.
- Compared to an average industry Dividend Yield of 2.95, MMM is paying slightly less dividend.
- MMM's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
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%
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 19.26 and the Price/Book (PB) ratio is 17.36.
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.