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 13,303 - -
Change - -0.57% -23.81% 20.91% -13.89% -26.53% - -
Enterprise Value (EV) 1 27,887 27,641 21,635 25,183 22,008 17,796 17,433 17,082
Change - -0.88% -21.73% 16.4% -12.61% -19.14% -2.04% -2.02%
P/E 30.7x 33.8x 25.7x 26.9x 23x 8.17x 15x 13.7x
PBR 5.2x 4.88x 3.44x 3.98x 3.16x 1.83x 1.75x 1.65x
PEG - -3.38x - 1.7x 67.16x 0x -0.3x 1.47x
Capitalization / Revenue 3.63x 3.59x 2.61x 3.13x 2.65x 1.69x 1.63x 1.57x
EV / Revenue 4.41x 4.35x 3.25x 3.75x 3.22x 2.25x 2.13x 2.02x
EV / EBITDA 21.7x 24.7x 17.7x 19.7x 16.6x 11.5x 10.6x 9.76x
EV / EBIT 25.3x 30.1x 21.1x 23.5x 20.1x 13.7x 12.6x 11.6x
EV / FCF 50.7x 71x 22.2x 38.9x 29.7x 18.8x 17.5x 15.9x
FCF Yield 1.97% 1.41% 4.5% 2.57% 3.36% 5.32% 5.72% 6.29%
Dividend per Share 2 1.36 1.48 1.56 1.68 1.8 1.93 2.052 2.174
Rate of return 1.58% 1.74% 2.41% 2.14% 2.67% 3.91% 4.15% 4.4%
EPS 2 2.8 2.52 2.52 2.92 2.93 6.051 3.3 3.608
Distribution rate 48.6% 58.7% 61.9% 57.5% 61.4% 31.9% 62.2% 60.3%
Net sales 1 6,318 6,350 6,662 6,724 6,840 7,895 8,175 8,470
EBITDA 1 1,288 1,118 1,224 1,279 1,325 1,551 1,645 1,750
EBIT 1 1,102 917.4 1,024 1,070 1,094 1,297 1,379 1,469
Net income 1 755.3 682 680.6 788.5 789.4 1,618 884 959
Net Debt 1 4,931 4,816 4,245 4,156 3,900 4,493 4,131 3,779
Reference price 2 85.82 85.18 64.83 78.41 67.48 49.42 49.42 49.42
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.($)
8.17x2.25x11.47x3.91% 13.3B
20.35x2.78x13.85x4.07% 241B
19.44x2.45x14.63x3.37% 77.96B
16.19x1.7x9.6x3.86% 44.83B
15.25x0.54x9.75x2.58% 39.68B
20.39x3.11x12.62x3.43% 33.85B
33.6x2.92x16.98x1.1% 29.74B
-8.46x1.85x9.19x6.68% 28.46B
63.24x9.7x40.23x1.2% 27.54B
11.21x0.37x8.46x2.62% 21.13B
Average 19.94x 2.77x 14.68x 3.28% 55.79B
Weighted average by Cap. 20.24x 2.70x 14.22x 3.59%

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

  1. Stock Market
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  3. MKC Stock
  4. Valuation McCormick & Company, Incorporated
-40%: Exceptional extension
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