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3M Company - Value Alert

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July 10, 2013 – Comments (1) | RELATED TICKERS: MMM

Texas (July 10, 2013) Wax Ink has issued a Loss of Investment Interest rating for 3M Company (NYSE: MMM) based on a recent baseline equity review which placed fair value between $61-$72.

The recent close of $113.35 is approximately 208% above the fair value buy target for the stock and approximately 50% above the fair value close target for the stock. The recent close is also 3% above analysts’ twelve-month $110.00 median price target for the stock.

The recent close represents a 17% increase in price since the last baseline equity review was conducted in January of 2013.

The stock currently has a trailing twelve-month PE Ratio of 14, and a PEG Ratio of 1.5 basis estimated forward earnings growth of 9.5%.

In the past 52 weeks, share prices have moved between a high of $113.52 and a low of $85.34, placing equilibrium at $105.27.

Basis the recent close, the stock is trading 0.1% below the 52 week high, 25% above the 52 week low, 7% above equilibrium, and has an average daily trading volume of approximately 2.9 million shares.


3M Company
operates as a diversified technology company worldwide.

The company's competitors include Bostik, Inc., Johnson & Johnson, and Sika AG.

Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012. All prices are per share unless otherwise noted.

Wax Ink currently has no investment position in the company mentioned in this alert.

Wax Ink is a baseline equity research company comprised of individual investors, NOT licensed or registered with ANY government agency.

For use by Accredited Investors as defined under Title 17, CFR §230.500, Regulation D

1 Comments – Post Your Own

#1) On July 10, 2013 at 7:24 PM, chk999 (99.98) wrote:

I really don't understand your valuation methodology. After looking at the Value Line writeup, it could easily be called fairly valued or maybe a skosh more, but 50% above the fair value close target seems to imply that cyclically adjusted earnings are 2/3 of what they are now and I don't see that at all. What am I missing?

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