Company Valuation: McCormick & Company, Incorporated

Data adjusted to current consolidation scope
Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,956 22,825 17,390 21,027 18,107 13,868 - -
Change - -0.57% -23.81% 20.91% -13.89% -23.41% - -
Enterprise Value (EV) 1 27,887 27,641 21,635 25,183 22,008 18,361 17,998 17,645
Change - -0.88% -21.73% 16.4% -12.61% -16.57% -1.98% -1.96%
P/E 30.7x 33.8x 25.7x 26.9x 23x 8.52x 15.6x 14.3x
PBR 5.2x 4.88x 3.44x 3.98x - 1.91x 1.83x 1.72x
PEG - -3.38x - 1.7x 67.16x 0x -0.3x 1.59x
Capitalization / Revenue 3.63x 3.59x 2.61x 3.13x 2.65x 1.76x 1.7x 1.64x
EV / Revenue 4.41x 4.35x 3.25x 3.75x 3.22x 2.33x 2.2x 2.08x
EV / EBITDA 21.7x 24.7x 17.7x 19.7x 16.6x 11.8x 10.9x 10x
EV / EBIT 25.3x 30.1x 21.1x 23.5x 20.1x 14.1x 13x 12x
EV / FCF 50.7x 71x 22.2x 38.9x 29.7x 19.4x 18x 16.4x
FCF Yield 1.97% 1.41% 4.5% 2.57% 3.36% 5.16% 5.54% 6.09%
Dividend per Share 2 1.36 1.48 1.56 1.68 - 1.932 2.052 2.174
Rate of return 1.58% 1.74% 2.41% 2.14% - 3.75% 3.98% 4.22%
EPS 2 2.8 2.52 2.52 2.92 2.93 6.051 3.312 3.61
Distribution rate 48.6% 58.7% 61.9% 57.5% - 31.9% 62% 60.2%
Net sales 1 6,318 6,350 6,662 6,724 6,840 7,891 8,172 8,470
EBITDA 1 1,288 1,118 1,224 1,279 1,325 1,553 1,652 1,756
EBIT 1 1,102 917.4 1,024 1,070 1,094 1,299 1,385 1,475
Net income 1 755.3 682 680.6 788.5 789.4 1,618 887.8 960.2
Net Debt 1 4,931 4,816 4,245 4,156 3,900 4,493 4,130 3,777
Reference price 2 85.82 85.18 64.83 78.41 67.48 51.57 51.57 51.57
Nbr of stocks (in thousands) 267,318 268,207 268,332 268,357 268,376 268,852 - -
Announcement Date 1/27/22 1/26/23 1/25/24 1/23/25 1/22/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
8.52x2.33x11.82x3.75% 13.87B
20.86x2.99x14.72x3.74% 267B
20.78x2.42x14.28x3.5% 76.35B
19.29x1.95x11.02x3.19% 53.41B
17.88x0.53x10.29x2.56% 38.7B
21.85x3.23x13.15x3.31% 35.38B
40.28x3.38x19.99x0.88% 33.46B
11.89x1.92x9.45x6.44% 29.55B
70.82x10.56x44.87x1.08% 29.19B
13.24x0.39x9.11x2.52% 22.36B
Average 24.54x 2.97x 15.87x 3.1% 59.94B
Weighted average by Cap. 23.08x 2.91x 15.18x 3.36%

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

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