3M Company (MMM) – Is it time to move on from this stock?

3M Company (MMM) (Q3FY23)

Stock Performance: Over the past 3 years, 3M Company’s stock generated returns of -45% where the price declined from $158.48 in Oct 29, 2020 to $87.52 in Oct 27, 2023. The stock had a 200-Day Moving Average of $103.08 and a 50-Day Moving Average of $95.91.

In the past 1 year, the company generated returns of -29% where the stock price declined from $122.85 in Nov 03, 2022 to $87.52 in Oct 27, 2023. The stock had a 52 Week High of $133.91 and a 52 Week Low of $85.35.

Over the past 3 months, the company generated returns of -22% where the stock price decreased from $111.5 in Jul 31, 2023 to $87.52 in Oct 27, 2023.

Quarter Performance: In Q3FY23, 3M’s revenue declined by -4% to $8.31bn from $8.62bn in Q3FY22 and the COGS decreased by -3% to $4.58bn from $4.72bn in the same period.

Guidance: 3M expects its adjusted total sales growth to decline by -5% and the adj. EPS to be in the range of $8.95-$9.15 in FY23.

Highlights

3M is progressing on the spin of the healthcare business and it is expected to be completed by the first half of 2024. This move will significantly reduce the risk and uncertainty faced by the business and help concentrate in the core segments.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10-Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 34

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