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 14,236 - -
Change - -0.57% -23.81% 20.91% -13.89% -21.38% - -
Enterprise Value (EV) 1 27,887 27,641 21,635 25,183 22,008 18,729 18,366 18,014
Change - -0.88% -21.73% 16.4% -12.61% -14.9% -1.94% -1.92%
P/E 30.7x 33.8x 25.7x 26.9x 23x 8.75x 16x 14.7x
PBR 5.2x 4.88x 3.44x 3.98x 3.16x 1.96x 1.87x 1.77x
PEG - -3.38x - 1.7x 67.16x 0x -0.4x 1.58x
Capitalization / Revenue 3.63x 3.59x 2.61x 3.13x 2.65x 1.8x 1.74x 1.68x
EV / Revenue 4.41x 4.35x 3.25x 3.75x 3.22x 2.37x 2.25x 2.13x
EV / EBITDA 21.7x 24.7x 17.7x 19.7x 16.6x 12.1x 11.2x 10.3x
EV / EBIT 25.3x 30.1x 21.1x 23.5x 20.1x 14.4x 13.3x 12.3x
EV / FCF 50.7x 71x 22.2x 38.9x 29.7x 19.8x 18.4x 16.8x
FCF Yield 1.97% 1.41% 4.5% 2.57% 3.36% 5.06% 5.43% 5.97%
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% 3.64% 3.87% 4.11%
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 7,894 8,176 8,473
EBITDA 1 1,288 1,118 1,224 1,279 1,325 1,551 1,646 1,750
EBIT 1 1,102 917.4 1,024 1,070 1,094 1,297 1,380 1,469
Net income 1 755.3 682 680.6 788.5 789.4 1,618 884.2 959
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 52.96 52.96 52.96
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.75x2.37x12.07x3.64% 14.24B
21.1x2.9x14.43x3.86% 259B
19.95x2.5x14.92x3.29% 79.91B
18.31x1.87x10.59x3.45% 50.74B
14.18x0.53x9.56x2.7% 36.91B
22.08x3.34x13.48x3.17% 36.64B
36.68x3.07x18.26x0.97% 31.45B
71.4x10.96x45.44x1.07% 31.2B
102.04x1.91x9.5x6.33% 30.03B
Average 34.94x 3.27x 16.47x 3.16% 63.3B
Weighted average by Cap. 27.88x 3.01x 15.37x 3.44%

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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