3M Co Stock Research

Market Summary

USD101.14+0.14

Market Closed

0.14%

MMM Alerts

Big fall in earnings (Y/Y)

MMM Stock Price

MMM RSI Chart

MMM Valuation

Market Cap

55.6B

Price/Earnings (Trailing)

9.62

Price/Sales (Trailing)

1.62

EV/EBITDA

8.2

Price/Free Cashflow

14.46

MMM Price/Sales (Trailing)

MMM Profitability

Operating Margin

43.81%

EBT Margin

18.67%

Return on Equity

39.24%

Return on Assets

12.44%

Free Cashflow Yield

6.92%

MMM Fundamentals

MMM Revenue

Revenue (TTM)

34.2B

Revenue Y/Y

-6.19%

Revenue Q/Q

-6.27%

MMM Earnings

Earnings (TTM)

5.8B

Earnings Y/Y

-59.6%

Earnings Q/Q

-85.98%

Price Action

52 Week Range

100.16147.85

(Low)(High)

Last 7 days

-2.9%

Last 30 days

-7.2%

Last 90 days

-15.8%

Trailing 12 Months

-29.9%

MMM Financial Health

Current Ratio

1.54

Debt/Equity

1.07

Debt/Cashflow

0.36

MMM Investor Care

Dividend Yield

5.89%

Dividend/Share (TTM)

5.96

Buy Backs (1Y)

3.95%

Diluted EPS (TTM)

10.18

Peers (Alternatives to 3M)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GE	126.7B	76.6B	9.83%	-2.59%	563.33	1.66	3.18%	103.45%
HON	125.6B	35.5B	-3.24%	-1.90%	25.3	3.54	3.12%	-10.39%
MMM	55.6B	34.2B	-7.16%	-29.91%	9.62	1.62	-3.18%	-2.43%
ROP	45.6B	5.4B	1.90%	-6.64%	10.03	8.48	11.13%	294.30%
IEP	17.6B	14.1B	-6.40%	10.47%	-50.48	1.4	24.37%	64.67%
MID-CAP
ST	7.2B	4.0B	-6.73%	-7.66%	23.06	1.78	5.46%	-14.55%
AYI	5.5B	4.1B	-11.84%	-10.92%	14.69	1.34	13.43%	11.07%
SMALL-CAP
AMOT	595.7M	503.0M	-8.53%	26.37%	34.25	1.18	24.65%	-27.83%
FCEL	1.1B	135.8M	-17.21%	-57.85%	-9.38	8.34	56.94%	-26.12%
SPLP	931.1M	1.7B	-2.30%	1.19%	4.52	0.55	11.18%	56.74%
TRNS	656.2M	224.4M	0.24%	14.23%	65.11	2.92	13.42%	-12.67%
HURC	170.1M	250.8M	-8.03%	-18.45%	20.68	0.68	6.64%	21.61%
APT	51.4M	63.0M	-2.37%	-7.00%	15.49	0.82	-25.47%	-75.19%

Financials for 3M

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-1.5%	34,229	34,762	35,085	35,333	35,355
Cost Of Revenue	-0.6%	19,232	19,345	19,470	19,096	18,795
S&GA Expenses	3.7%	9,049	8,727	8,548	7,271	7,197
R&D Expenses	-	1,243	-	-	-	-
Costs and Expenses	1.7%	27,690	27,239	29,930	28,317	27,986
EBITDA	-10.5%	8,685	9,702	7,364	8,776	-
EBITDA Margin	-9.1%	0.25*	0.28*	0.21*	0.25*	-
Earnings Before Taxes	-13.1%	6,392	7,359	4,984	6,862	7,204
EBT Margin	-11.8%	0.19*	0.21*	0.14*	0.19*	-
Interest Expenses	-0.6%	462	465	476	469	488
Net Income	-12.1%	5,777	6,575	4,150	5,596	5,921
Net Income Margin	-10.8%	0.17*	0.19*	0.12*	0.16*	-
Free Cahsflow	-0.9%	3,842	3,875	4,310	5,060	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.6%	46,455	46,176	45,634	45,855	47,072
Current Assets	-1.4%	14,688	14,895	14,514	14,452	15,403
Inventory	-4.3%	5,372	5,615	5,645	5,290	4,985
Net PPE	-0.2%	9,178	9,196	9,319	9,389	9,429
Goodwill	1.0%	12,790	12,669	13,064	13,368	13,486
Liabilities	-1.0%	31,685	32,020	31,818	30,851	31,955
Current Liabilities	-0.2%	9,523	9,543	9,896	9,152	9,035
Long Term Debt	-1.4%	15,705	15,921	16,673	17,347	-
LT Debt, Current	-	1,291	-	-	-	-
LT Debt, Non Current	1.1%	14,001	13,849	14,019	14,801	16,056
Shareholder's Equity	4.6%	14,722	14,080	13,816	15,004	15,046
Retained Earnings	-0.6%	47,950	48,245	45,269	46,056	45,821
Additional Paid-In Capital	0.6%	6,691	6,654	6,607	6,559	6,429
Accumulated Depreciation	-3.7%	16,820	17,470	17,694	17,768	17,784
Shares Outstanding	-0.6%	549	553	570	569	572
Minority Interest	-36.8%	48.00	76.00	74.00	74.00	71.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-1.5%	5,591	5,674	6,017	6,777	7,454
Share Based Compensation	-3.7%	263	273	272	278	274
Cashflow From Investing	-92.6%	-1,046	-543	-1,088	-1,211	-1,317
Cashflow From Financing	17.0%	-5,350	-6,447	-6,813	-6,948	-6,145
Dividend Payments	-0.9%	3,369	3,398	3,404	3,414	3,420
Buy Backs	-21.5%	1,464	1,866	2,238	2,741	2,199

Risks for MMM

What is the probability of a big loss on MMM?

76.5%

Probability that 3M stock will be more than 20% underwater in next one year

31.1%

Probability that 3M stock will be more than 30% underwater in next one year.

1.1%

Probability that 3M stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MMM drawdown profile look like?

Y-axis is the maximum loss one would have experienced if 3M was unfortunately bought at previous high price.

Drawdowns

Returns for MMM

Cumulative Returns on MMM

2.4%

10-Year Cumulative Returns

-3.8%

7-Year Cumulative Returns

-11.2%

5-Year Cumulative Returns

-5.5%

3-Year Cumulative Returns

What are the long-term rolling returns for MMM?

FIve years rolling returns for 3M.

Annualized Returns

Which funds bought or sold MMM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-13.96	-322,123	4,522,880	0.13%
2023-03-13	Claro Advisors LLC	reduced	-19.05	-95,572	288,428	0.09%
2023-03-10	MATHER GROUP, LLC.	added	11.14	2,084,540	12,200,500	0.23%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-4.89	4,331,500	138,832,000	0.15%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	added	154	2,376,070	3,728,070	0.23%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-8.9	-112,000	9,782,000	0.05%
2023-03-06	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	reduced	-1.43	331,643	5,084,640	1.93%
2023-03-03	TIAA, FSB	reduced	-9.74	-170,811	8,172,190	0.03%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	1,351,380	1,351,380	0.02%
2023-03-01	Lakewood Asset Management LLC	new	-	212,000	212,000	0.17%

Latest Funds Activity

Are funds buying MMM calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own MMM

No. of Funds

MMM Alerts

Big fall in earnings (Y/Y)

3M News

Schedule 13G FIlings of 3M

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	8.48%	46,872,159	SC 13G/A
Feb 07, 2023	blackrock inc.	7.7%	42,491,138	SC 13G/A
Feb 06, 2023	state street corp	6.04%	33,382,422	SC 13G/A
Feb 09, 2022	state street corp	5.38%	30,984,983	SC 13G/A
Feb 09, 2022	vanguard group inc	8.72%	50,240,763	SC 13G/A
Feb 01, 2022	blackrock inc.	7.3%	41,810,186	SC 13G/A
Feb 10, 2021	vanguard group inc	7.81%	45,041,350	SC 13G/A
Feb 05, 2021	state street corp	5.21%	30,053,465	SC 13G
Jan 29, 2021	blackrock inc.	7.1%	41,174,440	SC 13G/A
Feb 13, 2020	state street corp	7.36%	42,320,337	SC 13G

MMM Fair Value

3M fair value in different scenarios

The table shows the Fair Value estimates for 3M for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	81.45 -19.47%	97.71 -3.39%	124.64 23.24%	189.14 87.01%	218.98 116.51%
Current Inflation	76.07 -24.79%	90.19 -10.83%	113.12 11.84%	167.25 65.36%	192.17 90.00%
Very High Inflation	69.31 -31.47%	80.92 -19.99%	99.23 -1.89%	141.70 40.10%	161.14 59.32%

Historical 3M Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of 3M

View All Filings

Date Filed	Form Type	Document
Mar 24, 2023	DEFA14A	DEFA14A
Mar 22, 2023	ARS	ARS
Mar 22, 2023	DEF 14A	DEF 14A
Mar 22, 2023	DEFA14A	DEFA14A
Feb 23, 2023	4/A	Insider Trading
Feb 21, 2023	4/A	Insider Trading
Feb 21, 2023	8-K	Current Report
Feb 21, 2023	4/A	Insider Trading
Feb 21, 2023	4/A	Insider Trading
Feb 21, 2023	4/A	Insider Trading

Latest Insider Trading transactions for MMM

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-09	PIZARRO PEDRO	acquired	46,123	115	400	-
2023-02-09	Chow Anne H	acquired	46,123	115	400	-
2023-02-06	Lavers Jeffrey R	sold (taxes)	-	-	-840	group president
2023-02-06	Hammes Eric D.	sold (taxes)	-	-	-2,582	evp & chief count gov svc off
2023-02-06	Dickson Zoe L	acquired	-	-	1,825	evp & chief hr officer
2023-02-06	Vale Michael G.	acquired	-	-	8,002	group president
2023-02-06	Reinseth Theresa E	sold (taxes)	-	-	-392	senior vice president/cao
2023-02-06	Patolawala Monish D	acquired	-	-	12,626	evp, cfo & transformation off
2023-02-06	Ashish Khandpur K	sold (taxes)	-	-	-3,690	group president
2023-02-06	Lavers Jeffrey R	acquired	-	-	1,785	group president

About 3M

Michael F. Roman

www.3m.com

65535

3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment tapes, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. The Healthcare segment offers food safety indicator solutions; health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. The Consumer segment provides consumer bandages, braces, supports and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. The company was founded in 1902 and is based in St. Paul, Minnesota.

MMM Income Statement

2022-09-30

Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net sales	$ 8,619	$ 8,942	$ 26,150	$ 26,743
Operating expenses
Cost of sales	4,728	4,853	14,647	14,097
Selling, general and administrative expenses	1,998	1,819	6,903	5,373
Research, development and related expenses	461	482	1,417	1,520
Gain on business divestitures	(2,724)	0	(2,724)	0
Total operating expenses	4,463	7,154	20,243	20,990
Operating income	4,156	1,788	5,907	5,753
Other expense (income), net	24	31	112	113
Income before income taxes	4,132	1,757	5,795	5,640
Provision for income taxes	271	324	550	1,058
Income of consolidated group	3,861	1,433	5,245	4,582
Income (loss) from unconsolidated subsidiaries, net of taxes	2	4	3	7
Net income including noncontrolling interest	3,863	1,437	5,248	4,589
Less: Net income (loss) attributable to noncontrolling interest	4	3	12	7
Net income attributable to 3M	$ 3,859	$ 1,434	$ 5,236	$ 4,582
Weighted average 3M common shares outstanding - basic (in shares)	568.8	579.6	570.7	580.3
Earnings per share attributable to 3M common shareholders - basic (in dollars per share)	$ 6.79	$ 2.47	$ 9.18	$ 7.90
Weighted average 3M common shares outstanding - diluted (in shares)	570.0	586.3	572.6	587.1
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share)	$ 6.77	$ 2.45	$ 9.15	$ 7.81

MMM Balance Sheet

2022-09-30

Consolidated Balance Sheet - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 3,404	$ 4,564
Marketable securities — current	185	201
Accounts receivable — net of allowances of $186 and $189	4,722	4,660
Inventories
Finished goods	2,443	2,196
Work in process	1,829	1,577
Raw materials and supplies	1,343	1,212
Total inventories	5,615	4,985
Prepaids	467	654
Other current assets	502	339
Total current assets	14,895	15,403
Property, plant and equipment	26,666	27,213
Less: Accumulated depreciation	(17,470)	(17,784)
Property, plant and equipment — net	9,196	9,429
Operating lease right of use assets	801	858
Goodwill	12,669	13,486
Intangible assets — net	4,815	5,288
Other assets	3,800	2,608
Total assets	46,176	47,072
Current liabilities
Short-term borrowings and current portion of long-term debt	1,856	1,307
Accounts payable	3,063	2,994
Accrued payroll	717	1,020
Accrued income taxes	270	260
Operating lease liabilities — current	241	263
Other current liabilities	3,396	3,191
Total current liabilities	9,543	9,035
Long-term debt	13,849	16,056
Pension and postretirement benefits	2,502	2,870
Operating lease liabilities	570	591
Other liabilities	5,556	3,403
Total liabilities	32,020	31,955
Commitments and contingencies (Note 14)
3M Company shareholders’ equity:
Common stock	9	9
Additional paid-in capital	6,654	6,429
Retained earnings	48,245	45,821
Treasury stock	(32,843)	(30,463)
Accumulated other comprehensive income (loss)	(7,985)	(6,750)
Total 3M Company shareholders’ equity	14,080	15,046
Noncontrolling interest	76	71
Total equity	14,156	15,117
Total liabilities and equity	$ 46,176	$ 47,072