+ Watch MMM
on My Watchlist
More than just Post-it Notes and Scotch tape, 3M operates in areas that include health care, industrial, and transportation.
For reference point and to allow for comments by others. As of the end of March, 2013.ROE 25.70%Trailing PE 17.57PB 4.22Div yield 2.30%
The recovery abides.
Long term dividend appreciation
This company offers all you need, solid dividend yield, constant growth and high profitability. Classic Long Term Buy.
Dowjones in maximums.
If and when the rest of America wakes up and starts investing in equities again, this one is going to get overbought.
MMM is like a coiled spring. For the past 8 years, the stock price has remained stagnant, while the intrinsic value keeps growing and growing. Like clockwork, MMM's return on invested capital comes in consistently around 20% while its weighted cost of capital comes in around 6%. This spread of about 14% per yr represents the companies intrinsic value growth rate. DCF shows MMM to be worth $130, $100ish with a margin of safety. MMM's price will eventually have to catch up to the fundamentals. Outperform.
A big company that still loves its R&D. Traditional products provide cash flow, but the opportunity for growth consistently adds value to what would otherwise be a regular 'ol stalwart.
Top 30 companies with a minimum market cap. of 50000 million
What kind of company has the 3M? Is it Three eMM or 3M?
Not the most exciting stock in the market, but one of the most diversified, product-wise and internationally. Over $1B in R&D allows company to introduce products at a rapid-rate for a large company. Exposure to interesting, potentially fast-growth markets in healthcare and natural gas transportation. Trading just below market average on P/E.
One of the most solid companies around
It's better this way.
MMM's return on invested capital has regularly exceeded the cost of capital -- by a significant margin. This is a reflection of the competitive advantage MMM has, as a technological innovator in industries that require high capital investment to compete. The current valuation is cheap in light of the consistently high returns, which are approaching Coca Cola territory, and the stock is justified as a buy in itself -- that is, it is trading at or below its intrinsic value as I calculate it, discounting the projected increase in per share value at a 15 discount rate.
Diversity of research. Look around your house and office. How many 3M products do you already own?
MMM is an innovator that focuses on creating useful products in a number of key industries like transport and medical. Two-thirds of growth is from overseas. Management seems loyal to its roots in the USA and has kept its manufacturing here.
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