Company Valuation: 3M Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 102,360 69,104 60,379 70,297 85,049 87,441 - -
Change - -32.49% -12.63% 16.43% 20.99% 2.81% - -
Enterprise Value (EV) 1 115,159 81,150 70,428 75,613 91,718 96,268 96,445 94,100
Change - -29.53% -13.21% 7.36% 21.3% 4.96% 0.18% -2.43%
P/E 17.6x 11.8x -8.66x 17.1x 26.7x 22.7x 18.2x 17.8x
PBR 6.72x 4.61x 12.4x 17.9x 17.9x 22.3x 14.8x 9.24x
PEG - 19.9x 0x -0x -1.3x 0.9x 0.7x 7.26x
Capitalization / Revenue 2.9x 2.02x 1.85x 2.97x 3.5x 3.44x 3.29x 3.17x
EV / Revenue 3.26x 2.37x 2.16x 3.2x 3.78x 3.78x 3.63x 3.41x
EV / EBITDA 12.4x 9.07x 8.64x 12.3x 13.1x 13x 12x 11.2x
EV / EBIT 15.6x 11.4x 11x 14.9x 16.1x 15.7x 14.3x 13.1x
EV / FCF 19.7x 21.1x 13.9x 119x 65.7x 29.4x 21.5x 22.9x
FCF Yield 5.08% 4.73% 7.19% 0.84% 1.52% 3.41% 4.66% 4.36%
Dividend per Share 2 5.92 5.96 6 3.61 2.92 3.147 3.387 3.637
Rate of return 3.33% 4.97% 5.49% 2.8% 1.82% 1.86% 2% 2.15%
EPS 2 10.12 10.18 -12.63 7.55 6 7.48 9.302 9.53
Distribution rate 58.5% 58.5% -47.5% 47.8% 48.7% 42.1% 36.4% 38.2%
Net sales 1 35,355 34,229 32,681 23,630 24,279 25,435 26,567 27,566
EBITDA 1 9,284 8,947 8,147 6,168 7,001 7,411 8,027 8,380
EBIT 1 7,369 7,116 6,388 5,067 5,693 6,151 6,740 7,179
Net income 1 5,921 5,777 -6,995 4,173 3,250 4,062 4,898 5,155
Net Debt 1 12,799 12,046 10,049 5,316 6,669 8,827 9,004 6,659
Reference price 2 177.63 119.92 109.32 129.09 160.10 169.55 169.55 169.55
Nbr of stocks (in thousands) 576,253 576,253 552,317 544,559 531,225 515,722 - -
Announcement Date 1/25/22 1/24/23 1/23/24 1/21/25 1/20/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.54x - - -.--% 1,082B
25.54x2.06x12.66x1.08% 158B
22.67x3.78x12.99x1.86% 87.44B
29.82x2.18x16.36x0.77% 83.22B
23.94x5.14x17.51x2.36% 78.13B
19.85x1.6x11.3x1.24% 68.14B
31.54x3.88x17.61x2.97% 67.37B
48.61x2.97x15.3x2.58% 27.52B
Average 27.82x 3.09x 14.82x 1.61% 206.48B
Weighted average by Cap. 22.65x 2.97x 14.47x 0.57%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield