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 14,577 - -
Change - -0.57% -23.81% 20.91% -13.89% -19.5% - -
Enterprise Value (EV) 1 27,887 27,641 21,635 25,183 22,008 19,070 18,728 18,415
Change - -0.88% -21.73% 16.4% -12.61% -13.35% -1.79% -1.67%
P/E 30.7x 33.8x 25.7x 26.9x 23x 8.91x 16.5x 15.1x
PBR 5.2x 4.88x 3.44x 3.98x 3.16x 2x 1.92x 1.81x
PEG - -3.38x - 1.7x 67.16x 0x -0.4x 1.62x
Capitalization / Revenue 3.63x 3.59x 2.61x 3.13x 2.65x 1.85x 1.78x 1.72x
EV / Revenue 4.41x 4.35x 3.25x 3.75x 3.22x 2.42x 2.29x 2.17x
EV / EBITDA 21.7x 24.7x 17.7x 19.7x 16.6x 12.3x 11.4x 10.5x
EV / EBIT 25.3x 30.1x 21.1x 23.5x 20.1x 14.7x 13.6x 12.5x
EV / FCF 50.7x 71x 22.2x 38.9x 29.7x 20.1x 18.8x 17.1x
FCF Yield 1.97% 1.41% 4.5% 2.57% 3.36% 4.97% 5.33% 5.84%
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% 3.56% 3.78% 4.01%
EPS 2 2.8 2.52 2.52 2.92 2.93 6.086 3.286 3.592
Distribution rate 48.6% 58.7% 61.9% 57.5% 61.4% 31.7% 62.4% 60.5%
Net sales 1 6,318 6,350 6,662 6,724 6,840 7,895 8,175 8,472
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 1,379 1,469
Net income 1 755.3 682 680.6 788.5 789.4 1,621 878.8 950.7
Net Debt 1 4,931 4,816 4,245 4,156 3,900 4,493 4,151 3,839
Reference price 2 85.82 85.18 64.83 78.41 67.48 54.22 54.22 54.22
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.($)
20.59x2.83x14.1x3.98% 251B
19.76x2.48x14.81x3.32% 79.22B
17.08x1.78x10.05x3.66% 48.03B
15.05x0.54x9.83x2.56% 39.18B
21.33x3.23x13.13x3.28% 35.41B
37.07x3.21x18.45x0.98% 32.28B
-109.29x1.93x9.58x6.24% 30.44B
68.28x10.48x43.47x1.12% 29.87B
Average 11.24x 3.31x 16.68x 3.14% 68.15B
Weighted average by Cap. 16.15x 2.94x 15.09x 3.5%

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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  3. MKC Stock
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  5. Valuation McCormick & Company, Incorporated