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 13,107 - -
Change - -0.57% -23.81% 20.91% -13.89% -27.61% - -
Enterprise Value (EV) 1 27,887 27,641 21,635 25,183 22,008 17,600 17,238 16,887
Change - -0.88% -21.73% 16.4% -12.61% -20.03% -2.06% -2.04%
P/E 30.7x 33.8x 25.7x 26.9x 23x 8.05x 14.8x 13.5x
PBR 5.2x 4.88x 3.44x 3.98x 3.16x 1.8x 1.73x 1.63x
PEG - -3.38x - 1.7x 67.16x 0x -0.3x 1.45x
Capitalization / Revenue 3.63x 3.59x 2.61x 3.13x 2.65x 1.66x 1.6x 1.55x
EV / Revenue 4.41x 4.35x 3.25x 3.75x 3.22x 2.23x 2.11x 1.99x
EV / EBITDA 21.7x 24.7x 17.7x 19.7x 16.6x 11.3x 10.5x 9.65x
EV / EBIT 25.3x 30.1x 21.1x 23.5x 20.1x 13.6x 12.5x 11.5x
EV / FCF 50.7x 71x 22.2x 38.9x 29.7x 18.6x 17.3x 15.7x
FCF Yield 1.97% 1.41% 4.5% 2.57% 3.36% 5.38% 5.79% 6.37%
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% 3.96% 4.21% 4.46%
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 48.72 48.72 48.72
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.($)
20.08x2.75x13.73x4.12% 238B
19.37x2.45x14.58x3.38% 77.66B
16.1x1.69x9.56x3.89% 44.66B
15.77x0.56x10.06x2.49% 41.05B
20.56x3.13x12.71x3.4% 34.12B
33.6x2.92x16.98x1.1% 29.82B
-8.61x1.87x9.3x6.57% 28.97B
62.68x9.62x39.88x1.22% 27.19B
Average 22.44x 3.12x 15.85x 3.27% 65.22B
Weighted average by Cap. 20.73x 2.79x 14.45x 3.63%

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
  2. Stocks
  3. MKC Stock
  4. MCX Stock
  5. Valuation McCormick & Company, Incorporated
-40%: Exceptional extension
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