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 13,699 - -
Change - -0.57% -23.81% 20.91% -13.89% -24.35% - -
Enterprise Value (EV) 1 27,887 27,641 21,635 25,183 22,008 18,192 17,829 17,476
Change - -0.88% -21.73% 16.4% -12.61% -17.34% -1.99% -1.98%
P/E 30.7x 33.8x 25.7x 26.9x 23x 8.42x 15.4x 14.1x
PBR 5.2x 4.88x 3.44x 3.98x 3.16x 1.88x 1.8x 1.7x
PEG - -3.38x - 1.7x 67.16x 0x -0.3x 1.51x
Capitalization / Revenue 3.63x 3.59x 2.61x 3.13x 2.65x 1.74x 1.68x 1.62x
EV / Revenue 4.41x 4.35x 3.25x 3.75x 3.22x 2.3x 2.18x 2.06x
EV / EBITDA 21.7x 24.7x 17.7x 19.7x 16.6x 11.7x 10.8x 9.99x
EV / EBIT 25.3x 30.1x 21.1x 23.5x 20.1x 14x 12.9x 11.9x
EV / FCF 50.7x 71x 22.2x 38.9x 29.7x 19.2x 17.9x 16.3x
FCF Yield 1.97% 1.41% 4.5% 2.57% 3.36% 5.21% 5.59% 6.15%
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% 3.79% 4.03% 4.27%
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 50.96 50.96 50.96
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.($)
21.17x2.93x14.48x3.81% 263B
20.1x2.52x14.96x3.27% 80.51B
18.6x1.86x10.67x3.44% 50.61B
16.83x0.54x10.17x2.56% 38.85B
22.06x3.27x13.19x3.24% 35.95B
12.57x2x9.8x6.08% 31.28B
70.63x10.81x44.82x1.08% 30.71B
34.18x2.9x17.15x1.04% 28.97B
33.39x0.68x17.21x0.59% 21.54B
Average 27.73x 3.06x 16.94x 2.79% 64.57B
Weighted average by Cap. 23.81x 2.92x 15.43x 3.3%

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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  5. Valuation McCormick & Company, Incorporated