(MMM) 3M - Overview
Stock: Abrasives, Adhesives, Films, Respirators, Tapes
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.89% |
| Yield on Cost 5y | 2.40% |
| Yield CAGR 5y | -16.20% |
| Payout Consistency | 98.2% |
| Payout Ratio | 30.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 31.2% |
| Relative Tail Risk | -12.0% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.05 |
| Alpha | -14.28 |
| Character TTM | |
|---|---|
| Beta | 1.075 |
| Beta Downside | 1.185 |
| Drawdowns 3y | |
|---|---|
| Max DD | 23.94% |
| CAGR/Max DD | 0.86 |
Description: MMM 3M January 29, 2026
3M (NYSE: MMM) is a diversified technology conglomerate operating worldwide across three primary segments: Safety & Industrial, Transportation & Electronics, and Consumer.
The Safety & Industrial segment supplies abrasives, auto-body repair kits, personal-hygiene and packaging materials, electrical construction products, structural adhesives, and a full suite of personal-protective equipment.
The Transportation & Electronics segment focuses on ceramic components, bonding and film solutions for vehicles, reflective signage, light-management films, semiconductor packaging, and data-center infrastructure.
The Consumer segment markets household cleaners, air-quality devices, picture-hanging hardware, retail abrasives, office supplies, automotive appearance products, and medical-grade bandages and supports.
Products reach end-users through a mix of e-commerce platforms, traditional wholesalers, retailers, distributors, and direct-to-customer channels.
Key recent metrics (FY 2023): revenue $35.5 bn (down 2.1% YoY), operating margin 13.5% (down from 14.9% in FY 2022), and diluted EPS $6.25. The Q2 2024 earnings release showed a 3% revenue beat on strong demand for industrial adhesives and semiconductor materials, while consumer-goods sales lagged due to slower discretionary spending.
Sector drivers shaping 3M’s outlook include: (1) a 4.2% YoY rise in U.S. construction spending, bolstering demand for adhesives and safety gear; (2) a 7% increase in global semiconductor fab capex, supporting the Transportation & Electronics product line; and (3) modest recovery in household cleaning volumes as inflation eases, partially offset by price-sensitivity in the consumer segment.
For a deeper quantitative view, you might explore ValueRay’s analyst toolkit.
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income: 3.25b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 2.10 > 1.0 |
| NWC/Revenue: 27.22% < 20% (prev 18.83%; Δ 8.39% < -1%) |
| CFO/TA 0.06 > 3% & CFO 2.31b > Net Income 3.25b |
| Net Debt (7.70b) to EBITDA (5.85b): 1.32 < 3 |
| Current Ratio: 1.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (539.0m) vs 12m ago -1.34% < -2% |
| Gross Margin: 39.55% > 18% (prev 0.41%; Δ 3914 % > 0.5%) |
| Asset Turnover: 64.30% > 50% (prev 61.64%; Δ 2.66% > 0%) |
| Interest Coverage Ratio: 6.49 > 6 (EBITDA TTM 5.85b / Interest Expense TTM 720.0m) |
Altman Z'' 5.43
| A: 0.18 (Total Current Assets 16.39b - Total Current Liabilities 9.60b) / Total Assets 37.73b |
| B: 1.01 (Retained Earnings 38.10b / Total Assets 37.73b) |
| C: 0.12 (EBIT TTM 4.67b / Avg Total Assets 38.80b) |
| D: 0.14 (Book Value of Equity 4.75b / Total Liabilities 32.99b) |
| Altman-Z'' Score: 5.43 = AAA |
Beneish M -2.96
| DSRI: 1.06 (Receivables 3.53b/3.27b, Revenue 24.95b/24.57b) |
| GMI: 1.04 (GM 39.55% / 41.02%) |
| AQI: 0.90 (AQ_t 0.36 / AQ_t-1 0.40) |
| SGI: 1.02 (Revenue 24.95b / 24.57b) |
| TATA: 0.03 (NI 3.25b - CFO 2.31b) / TA 37.73b) |
| Beneish M-Score: -2.96 (Cap -4..+1) = A |
What is the price of MMM shares?
Over the past week, the price has changed by -3.99%, over one month by -5.35%, over three months by -5.16% and over the past year by +4.01%.
Is MMM a buy, sell or hold?
- StrongBuy: 9
- Buy: 2
- Hold: 5
- Sell: 2
- StrongSell: 1
What are the forecasts/targets for the MMM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 177 | 15.6% |
| Analysts Target Price | 177 | 15.6% |
| ValueRay Target Price | 156 | 1.8% |
MMM Fundamental Data Overview January 31, 2026
P/E Forward = 18.0832
P/S = 3.3298
P/B = 17.4689
P/EG = 1.5201
Revenue TTM = 24.95b USD
EBIT TTM = 4.67b USD
EBITDA TTM = 5.85b USD
Long Term Debt = 10.93b USD (from longTermDebt, last quarter)
Short Term Debt = 2.00b USD (from shortTermDebt, last quarter)
Debt = 12.94b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.70b USD (from netDebt column, last quarter)
Enterprise Value = 90.77b USD (83.07b + Debt 12.94b - CCE 5.24b)
Interest Coverage Ratio = 6.49 (Ebit TTM 4.67b / Interest Expense TTM 720.0m)
EV/FCF = 65.02x (Enterprise Value 90.77b / FCF TTM 1.40b)
FCF Yield = 1.54% (FCF TTM 1.40b / Enterprise Value 90.77b)
FCF Margin = 5.60% (FCF TTM 1.40b / Revenue TTM 24.95b)
Net Margin = 13.03% (Net Income TTM 3.25b / Revenue TTM 24.95b)
Gross Margin = 39.55% ((Revenue TTM 24.95b - Cost of Revenue TTM 15.08b) / Revenue TTM)
Gross Margin QoQ = 33.56% (prev 41.81%)
Tobins Q-Ratio = 2.41 (Enterprise Value 90.77b / Total Assets 37.73b)
Interest Expense / Debt = 1.79% (Interest Expense 232.0m / Debt 12.94b)
Taxrate = 26.17% (185.0m / 707.0m)
NOPAT = 3.45b (EBIT 4.67b * (1 - 26.17%))
Current Ratio = 1.71 (Total Current Assets 16.39b / Total Current Liabilities 9.60b)
Debt / Equity = 2.73 (Debt 12.94b / totalStockholderEquity, last quarter 4.75b)
Debt / EBITDA = 1.32 (Net Debt 7.70b / EBITDA 5.85b)
Debt / FCF = 5.52 (Net Debt 7.70b / FCF TTM 1.40b)
Total Stockholder Equity = 4.53b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.38% (Net Income 3.25b / Total Assets 37.73b)
RoE = 71.71% (Net Income TTM 3.25b / Total Stockholder Equity 4.53b)
RoCE = 30.23% (EBIT 4.67b / Capital Employed (Equity 4.53b + L.T.Debt 10.93b))
RoIC = 19.68% (NOPAT 3.45b / Invested Capital 17.54b)
WACC = 8.73% (E(83.07b)/V(96.01b) * Re(9.88%) + D(12.94b)/V(96.01b) * Rd(1.79%) * (1-Tc(0.26)))
Discount Rate = 9.88% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.49%
[DCF Debug] Terminal Value 75.50% ; FCFF base≈1.09b ; Y1≈1.10b ; Y5≈1.16b
Fair Price DCF = 19.27 (EV 17.92b - Net Debt 7.70b = Equity 10.22b / Shares 530.3m; r=8.73% [WACC]; 5y FCF grow -0.32% → 2.90% )
EPS Correlation: -65.39 | EPS CAGR: -9.40% | SUE: 0.42 | # QB: 0
Revenue Correlation: -87.63 | Revenue CAGR: -9.26% | SUE: 0.80 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.98 | Chg30d=-0.019 | Revisions Net=-3 | Analysts=11
EPS current Year (2026-12-31): EPS=8.67 | Chg30d=+0.024 | Revisions Net=+3 | Growth EPS=+7.5% | Growth Revenue=+3.5%
EPS next Year (2027-12-31): EPS=9.35 | Chg30d=-0.050 | Revisions Net=+2 | Growth EPS=+7.9% | Growth Revenue=+3.3%