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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.746
MMM's Cash to Debt is ranked lower than
57% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.06 vs. MMM: 0.746 )
MMM' s 10-Year Cash to Debt Range
Min: 0.11   Max: 0.98
Current: 0.75

0.11
0.98
Equity to Asset 0.244
MMM's Equity to Asset is ranked lower than
79% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.49 vs. MMM: 0.244 )
MMM' s 10-Year Equity to Asset Range
Min: 0.11   Max: 0.41
Current: 0.24

0.11
0.41
Interest Coverage 49.1
MMM's Interest Coverage is ranked lower than
52% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 457.80 vs. MMM: 49.1 )
MMM' s 10-Year Interest Coverage Range
Min: 26   Max: 199
Current: 49.1

26
199
F-Score: 5
Z-Score: 5.93
M-Score: -2.58
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 21.70
MMM's Operating margin (%) is ranked higher than
96% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.70 vs. MMM: 21.70 )
MMM' s 10-Year Operating margin (%) Range
Min: 14.1   Max: 25.3
Current: 21.7

14.1
25.3
Net-margin (%) 14.9
MMM's Net-margin (%) is ranked higher than
93% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.70 vs. MMM: 14.9 )
MMM' s 10-Year Net-margin (%) Range
Min: 8.9   Max: 16.8
Current: 14.9

8.9
16.8
ROE (%) 25.3
MMM's ROE (%) is ranked higher than
96% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.60 vs. MMM: 25.3 )
MMM' s 10-Year ROE (%) Range
Min: 23.5   Max: 38.7
Current: 25.3

23.5
38.7
ROA (%) 13.1
MMM's ROA (%) is ranked higher than
97% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 2.80 vs. MMM: 13.1 )
MMM' s 10-Year ROA (%) Range
Min: 9.8   Max: 18.1
Current: 13.1

9.8
18.1
ROC (Joel Greenblatt) (%) 52.40
MMM's ROC (Joel Greenblatt) (%) is ranked higher than
95% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 10.40 vs. MMM: 52.40 )
MMM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 27.9   Max: 70.2
Current: 52.4

27.9
70.2
Revenue Growth (%) 6.8
MMM's Revenue Growth (%) is ranked higher than
89% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.45 vs. MMM: 6.8 )
MMM' s 10-Year Revenue Growth (%) Range
Min: 1.8   Max: 7.4
Current: 6.8

1.8
7.4
EBITDA Growth (%) 6.9
MMM's EBITDA Growth (%) is ranked higher than
89% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: -0.35 vs. MMM: 6.9 )
MMM' s 10-Year EBITDA Growth (%) Range
Min: -1.3   Max: 13.6
Current: 6.9

-1.3
13.6
EPS Growth (%) 8.7
MMM's EPS Growth (%) is ranked higher than
85% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.40 vs. MMM: 8.7 )
MMM' s 10-Year EPS Growth (%) Range
Min: -2.8   Max: 20.3
Current: 8.7

-2.8
20.3
» MMM's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2012

MMM Guru Trades in Q2 2012

Joel Greenblatt 5,176 sh (New)
Ray Dalio 139,603 sh (+57.74%)
Chuck Royce 27,305 sh (+42.36%)
Manning & Napier Advisors, Inc 246,654 sh (+20.57%)
Bill Nygren 1,273,000 sh (+18.64%)
Steven Cohen 1,577,295 sh (+18.33%)
Pioneer Investments 2,420,826 sh (+8.55%)
Bill Frels 2,146,416 sh (+2.68%)
Jean-Marie Eveillard 5,585,651 sh (+1.56%)
John Buckingham 20,741 sh (+0.67%)
Diamond Hill Capital 1,595,726 sh (+0.3%)
Robert Olstein 66,000 sh (unchged)
Brian Rogers 3,666,400 sh (unchged)
John Hussman 500 sh (unchged)
RS Investment Management Sold Out
Ruane Cunniff Sold Out
David Dreman Sold Out
Tom Gayner 203,300 sh (-0.25%)
Arnold Van Den Berg 213,430 sh (-0.87%)
Dodge & Cox 37,474 sh (-1.32%)
Tom Russo 3,975 sh (-1.85%)
Tweedy Browne 1,022,650 sh (-2.61%)
Jeremy Grantham 3,055,830 sh (-3.62%)
Mario Gabelli 8,000 sh (-11.11%)
Chris Davis 129,306 sh (-17.17%)
Ken Fisher 2,835 sh (-33.26%)
Mark Hillman 2,903 sh (-50.95%)
» More
Q3 2012

MMM Guru Trades in Q3 2012

Paul Tudor Jones 4,700 sh (New)
John Hussman 850,500 sh (+170000%)
Joel Greenblatt 15,166 sh (+193.01%)
Pioneer Investments 3,145,304 sh (+29.93%)
Chuck Royce 32,245 sh (+18.09%)
Ray Dalio 161,903 sh (+15.97%)
Bill Nygren 1,323,000 sh (+3.93%)
Manning & Napier Advisors, Inc 254,867 sh (+3.33%)
John Buckingham 21,058 sh (+1.53%)
Jean-Marie Eveillard 5,654,251 sh (+1.23%)
Mario Gabelli 8,000 sh (unchged)
Brian Rogers 3,666,400 sh (unchged)
Tom Gayner 203,100 sh (-0.1%)
Bill Frels 2,144,156 sh (-0.11%)
Tweedy Browne 1,011,885 sh (-1.05%)
Diamond Hill Capital 1,557,077 sh (-2.42%)
Chris Davis 124,706 sh (-3.56%)
Dodge & Cox 35,474 sh (-5.34%)
Robert Olstein 58,000 sh (-12.12%)
Jeremy Grantham 2,667,842 sh (-12.7%)
Mark Hillman 2,470 sh (-14.92%)
Ken Fisher 2,362 sh (-16.68%)
Tom Russo 2,975 sh (-25.16%)
Arnold Van Den Berg 105,435 sh (-50.6%)
Steven Cohen 46,479 sh (-97.05%)
» More
Q4 2012

MMM Guru Trades in Q4 2012

Chuck Royce 38,970 sh (+20.86%)
Bill Nygren 1,453,000 sh (+9.83%)
John Buckingham 21,991 sh (+4.43%)
Mark Hillman 2,532 sh (+2.51%)
Jean-Marie Eveillard 5,714,251 sh (+1.06%)
Bill Frels 2,156,521 sh (+0.58%)
Mario Gabelli 8,000 sh (unchged)
Jeremy Grantham 3,443,168 sh (unchged)
Ray Dalio Sold Out
Ken Fisher Sold Out
Tom Gayner 202,750 sh (-0.17%)
Manning & Napier Advisors, Inc 252,432 sh (-0.96%)
Brian Rogers 3,566,400 sh (-2.73%)
Arnold Van Den Berg 102,103 sh (-3.16%)
Robert Olstein 56,000 sh (-3.45%)
Paul Tudor Jones 4,500 sh (-4.26%)
Diamond Hill Capital 1,483,343 sh (-4.74%)
Chris Davis 117,573 sh (-5.72%)
Dodge & Cox 33,274 sh (-6.2%)
Pioneer Investments 2,315,894 sh (-26.37%)
Steven Cohen 29,817 sh (-35.85%)
Joel Greenblatt 8,301 sh (-45.27%)
John Hussman 401,000 sh (-52.85%)
Tom Russo 725 sh (-75.63%)
Tweedy Browne 106,557 sh (-89.47%)
» More
Q1 2013

MMM Guru Trades in Q1 2013

Ray Dalio 36,803 sh (New)
Ken Fisher 2,172 sh (New)
Bruce Kovner 85,000 sh (New)
Tweedy Browne 1,067,870 sh (+902.16%)
Jeremy Grantham 4,084,631 sh (+18.63%)
Chuck Royce 43,825 sh (+12.46%)
Tom Gayner 205,800 sh (+1.5%)
Jean-Marie Eveillard 5,735,151 sh (+0.37%)
Bill Frels 2,161,607 sh (+0.24%)
Mario Gabelli 8,000 sh (unchged)
Mark Hillman Sold Out
Paul Tudor Jones Sold Out
Pioneer Investments 2,306,053 sh (-0.42%)
Dodge & Cox 33,074 sh (-0.6%)
Diamond Hill Capital 1,473,863 sh (-0.64%)
John Buckingham 21,765 sh (-1.03%)
Chris Davis 115,510 sh (-1.75%)
Arnold Van Den Berg 100,171 sh (-1.89%)
Joel Greenblatt 8,078 sh (-2.69%)
Manning & Napier Advisors, Inc 241,966 sh (-4.15%)
Tom Russo 690 sh (-4.83%)
Brian Rogers 3,266,400 sh (-8.41%)
Robert Olstein 41,000 sh (-26.79%)
John Hussman 200,000 sh (-50.12%)
Steven Cohen 2,664 sh (-91.07%)
» More
» Details

Insider Trades

Latest Guru Trades with MMM

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Tweedy Browne 2013-03-31 Add 902.16%2.61%$92.85 - $106.42 $ 111.7210%1067870
Mark Hillman 2013-03-31 Sold Out 0.68%$92.85 - $106.42 $ 111.7210%0
John Hussman 2013-03-31 Reduce -50.12%0.49%$92.85 - $106.42 $ 111.7210%200000
Robert Olstein 2013-03-31 Reduce -26.79%0.27%$92.85 - $106.42 $ 111.7210%41000
Ray Dalio 2013-03-31 New Buy0.04%$92.85 - $106.42 $ 111.7210%36803
Ken Fisher 2013-03-31 New Buy$92.85 - $106.42 $ 111.7210%2172
Tweedy Browne 2012-12-31 Reduce -89.47%2.95%$87.31 - $95.37 $ 111.7222%106557
John Hussman 2012-12-31 Reduce -52.85%1%$87.31 - $95.37 $ 111.7222%401000
Ray Dalio 2012-12-31 Sold Out 0.2%$87.31 - $95.37 $ 111.7222%0
Bill Nygren 2012-12-31 Add 9.83%0.17%$87.31 - $95.37 $ 111.7222%1453000
Joel Greenblatt 2012-12-31 Reduce -45.27%0.04%$87.31 - $95.37 $ 111.7222%8301
Ken Fisher 2012-12-31 Sold Out $87.31 - $95.37 $ 111.7222%0
John Hussman 2012-09-30 Add 170000%1.9%$86.4 - $94.24 $ 111.7222%850500
Arnold Van Den Berg 2012-09-30 Reduce -50.6%0.91%$86.4 - $94.24 $ 111.7222%105435
Joel Greenblatt 2012-09-30 Add 193.01%0.06%$86.4 - $94.24 $ 111.7222%15166
Bill Nygren 2012-06-30 Add 18.64%0.31%$82.47 - $89.71 $ 111.7229%1273000
Mark Hillman 2012-06-30 Reduce -50.95%0.23%$82.47 - $89.71 $ 111.7229%2903
Ray Dalio 2012-06-30 Add 57.74%0.07%$82.47 - $89.71 $ 111.7229%139603
David Dreman 2012-06-30 Sold Out 0.03%$82.47 - $89.71 $ 111.7229%0
Joel Greenblatt 2012-06-30 New Buy0.03%$82.47 - $89.71 $ 111.7229%5176
Ruane Cunniff 2012-06-30 Sold Out 0.0016%$82.47 - $89.71 $ 111.7229%0
Ken Fisher 2012-06-30 Reduce -33.26%$82.47 - $89.71 $ 111.7229%2835
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about 3M Co

Bearish John Hussman Buys 3M, CVS, Western Digital, Sells Humana, Biogen Idec, Broadcom
John Hussman has been very bearish. He thinks that the stock market is overvalued and positioned for dismal returns. At this point the potential risk is much higher than the returns. Especially he thinks that the economy is already in recession, although the GDP numbers indicates otherwise. Hussman sold a lot more stocks than bought during the third quarter. His equity positions are also full hedged, typically with index options. As of 09/30/2012, John Hussman’s firm, Hussman Economtrics Advisors, owns 205 stocks with a total value of $4.1 billion. These are the details of the buys and sells that have the impact to portfolio of more than 0.5%. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 17.60
MMM's P/E(ttm) is ranked higher than
79% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 18.99 vs. MMM: 17.60 )
MMM' s 10-Year P/E(ttm) Range
Min: 9.28   Max: 36.23
Current: 17.6

9.28
36.23
P/B 4.40
MMM's P/B is ranked lower than
83% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.48 vs. MMM: 4.40 )
MMM' s 10-Year P/B Range
Min: 2.99   Max: 8.69
Current: 4.4

2.99
8.69
P/S 2.60
MMM's P/S is ranked lower than
84% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.75 vs. MMM: 2.60 )
MMM' s 10-Year P/S Range
Min: 1.23   Max: 3.73
Current: 2.6

1.23
3.73
PFCF 20.00
MMM's PFCF is ranked higher than
53% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 15.61 vs. MMM: 20.00 )
MMM' s 10-Year PFCF Range
Min: 10.43   Max: 39.64
Current: 20

10.43
39.64
EV-to-EBIT 12
MMM's EV-to-EBIT is ranked higher than
71% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 12.70 vs. MMM: 12 )
MMM' s 10-Year EV-to-EBIT Range
Min: 6.9   Max: 23.9
Current: 12

6.9
23.9
PEG 2.8
MMM's PEG is ranked higher than
94% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.80 vs. MMM: 2.8 )
MMM' s 10-Year PEG Range
Min: 0.84   Max: 123.33
Current: 2.8

0.84
123.33
Shiller P/E 19.3
MMM's Shiller P/E is ranked higher than
85% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 16.60 vs. MMM: 19.3 )
MMM' s 10-Year Shiller P/E Range
Min: 8.96   Max: 36.69
Current: 19.3

8.96
36.69

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.20
MMM's Dividend Yield is ranked higher than
77% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.85 vs. MMM: 2.20 )
MMM' s 10-Year Dividend Yield Range
Min: 1.54   Max: 4.81
Current: 2.2

1.54
4.81
Dividend Payout 0.4
MMM's Dividend Payout is ranked higher than
88% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.66 vs. MMM: 0.4 )
MMM' s 10-Year Dividend Payout Range
Min: 0.34   Max: 0.67
Current: 0.4

0.34
0.67
Dividend growth (3y) 3.7
MMM's Dividend growth (3y) is ranked higher than
93% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: -0.20 vs. MMM: 3.7 )
MMM' s 10-Year Dividend growth (3y) Range
Min: 2.3   Max: 8.7
Current: 3.7

2.3
8.7
Yield on cost (5-Year) 2.70
MMM's Yield on cost (5-Year) is ranked higher than
82% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.88 vs. MMM: 2.70 )
MMM' s 10-Year Yield on cost (5-Year) Range
Min: 1.89   Max: 5.91
Current: 2.7

1.89
5.91
Share Buyback Rate 0.1
MMM's Share Buyback Rate is ranked higher than
87% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: -0.90 vs. MMM: 0.1 )
MMM' s 10-Year Share Buyback Rate Range
Min: 2.3   Max: -0.4
Current: 0.1

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 15.3
MMM's Price/Net Current Asset Value is ranked higher than
96% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 4.80 vs. MMM: 15.3 )
MMM' s 10-Year Price/Net Current Asset Value Range
Min: 10.2   Max: 20.7
Current: 15.3

10.2
20.7
Price/Tangible Book 9.3
MMM's Price/Tangible Book is ranked higher than
96% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 2.00 vs. MMM: 9.3 )
MMM' s 10-Year Price/Tangible Book Range
Min: 7.9   Max: 14.9
Current: 9.3

7.9
14.9
Price/DCF (Projected) 1.5
MMM's Price/DCF (Projected) is ranked higher than
92% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.10 vs. MMM: 1.5 )
MMM' s 10-Year Price/DCF (Projected) Range
Min: 0.8   Max: 2.5
Current: 1.5

0.8
2.5
Price/Median PS Value 1
MMM's Price/Median PS Value is ranked higher than
85% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.80 vs. MMM: 1 )
MMM' s 10-Year Price/Median PS Value Range
Min: 0.6   Max: 1.5
Current: 1

0.6
1.5
Price/Peter Lynch Fair Value 2.9
MMM's Price/Peter Lynch Fair Value is ranked lower than
70% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.85 vs. MMM: 2.9 )
MMM' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1   Max: 4.8
Current: 2.9

1
4.8
Price/Graham Number 2.7
MMM's Price/Graham Number is ranked higher than
90% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.50 vs. MMM: 2.7 )
MMM' s 10-Year Price/Graham Number Range
Min: 2.3   Max: 4
Current: 2.7

2.3
4
Earnings Yield (Greenblatt) 8.30
MMM's Earnings Yield (Greenblatt) is ranked lower than
74% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 7.10 vs. MMM: 8.30 )
MMM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.2   Max: 14.4
Current: 8.3

4.2
14.4
Forward Rate of Return (Yacktman) 10.02
MMM's Forward Rate of Return (Yacktman) is ranked higher than
91% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 4.32 vs. MMM: 10.02 )
MMM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 4.9   Max: 20.8
Current: 10.02

4.9
20.8

Business Description

3M Company was incorporated in 1929 under the laws of the State of Delaware to continue operations begun in 1902. The Company is a global manufacturer, technology innovator and marketer of a variety of products. 3M is a technology company with a global presence in the six businesses: Industrial and Transportation; Health Care; Consumer and Office; Safety, Security and Protection Services; Display and Graphics; and Electro and Communications. The Industrial and Transportation segment serves a range of markets, such as appliance, paper and packaging, food and beverage, electronics, automotive original equipment manufacturer 'OEM' and automotive aftermarket.Industrial and Transportation products include tapes, a variety of coated and non-woven abrasives, adhesives, specialty materials, filtration products, energy control products, closure systems for personal hygiene products, and components and products that are used in the manufacture, repair and maintenance of automotive, marine, aircraft and specialty vehicles. The Health Care segment serves markets that include medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, and health information systems. Products and services provided to these and other markets include medical and surgical supplies, skin health and infection prevention products, drug delivery systems, dental and orthodontic products, health information systems and anti-microbial solutions. The Consumer and Office segment serves markets that include consumer retail, office retail, home improvement, building maintenance and other markets. Products in this segment include office supply products, stationery products, construction and home improvement products, home care products, protective material products and consumer health care products. The Safety, Security and Protection Services segment serves a range of markets that increase the safety, security and productivity of workers, facilities and systems. Main product offerings include personal protection products, safety and security products including border and civil security solutions, cleaning and protection products for commercial establishments, track and trace solutions, and roofing granules for asphalt shingles. The Display and Graphics segment serves markets that include electronic display, traffic safety and commercial graphics. This segment includes optical film solutions for electronic displays; computer screen filters; reflective sheeting for transportation safety; commercial graphics systems; and projection systems, including mobile display technology and visual systems products. The Electro and Communications segment serves the electrical, electronics and communications industries, including electrical utilities; electrical construction, maintenance and repair; original equipment manufacturer 'OEM' electrical and electronics; computers and peripherals; consumer electronics; telecommunications central office, outside plant and
Company Website
SEC Reports
Industry: Diversified Industrials
Compare:UTX, ARG, AP, EMR, SBGSY
Traded in other countries:MMM.Switzerland, MMM.Germany

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