Stock MKC MCCORMICK & COMPANY, INCORPORATED
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Financials McCormick & Company, Incorporated

Equities

MKC

US5797802064

Food Processing

Market Closed - Nyse
Other stock markets
 04:00:02 2024-06-07 pm EDT 		5-day change 1st Jan Change
68.58 USD -0.92% Intraday chart for McCormick & Company, Incorporated -5.04% +0.23%
12:31pm Deutsche Bank Adjusts Price Target on McCormick to $73 From $74 MT
Jun. 04 Transcript : McCormick & Company, Incorporated Presents at 21st Annual dbAccess Global Consumer Conference 2024, Jun-04-2024 09:15 AM

Valuation

Fiscal Period: November 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 22,491 24,918 22,956 22,825 17,390 18,259 - -
Enterprise Value (EV) 1 26,660 29,399 27,887 27,641 21,635 22,236 22,059 21,923
P/E ratio 32.3 x 33.6 x 30.7 x 33.8 x 25.7 x 24.1 x 22.2 x 20.4 x
Yield 1.35% 1.33% 1.58% 1.74% - 2.47% 2.62% 2.79%
Capitalization / Revenue 4.21 x 4.45 x 3.63 x 3.59 x 2.61 x 2.73 x 2.65 x 2.57 x
EV / Revenue 4.99 x 5.25 x 4.41 x 4.35 x 3.25 x 3.33 x 3.2 x 3.09 x
EV / EBITDA 23.4 x 24.8 x 21.7 x 24.7 x 17.7 x 17.6 x 16.4 x 15.4 x
EV / FCF 34.5 x 36 x 50.7 x 71 x 22.2 x 25.9 x 25.2 x 22.8 x
FCF Yield 2.9% 2.78% 1.97% 1.41% 4.5% 3.85% 3.96% 4.39%
Price to Book 6.52 x 6.36 x 5.2 x 4.88 x 3.44 x 3.37 x 3.17 x 2.99 x
Nbr of stocks (in thousands) 265,824 266,823 267,318 268,207 268,332 266,019 - -
Reference price 2 84.62 93.49 85.82 85.18 64.83 68.58 68.58 68.58
Announcement Date 1/28/20 1/28/21 1/27/22 1/26/23 1/25/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: November 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,347 5,601 6,318 6,350 6,662 6,679 6,886 7,098
EBITDA 1 1,137 1,184 1,288 1,118 1,224 1,266 1,345 1,420
EBIT 1 978.5 1,019 1,102 917.4 1,024 1,071 1,138 1,213
Operating Margin 18.3% 18.19% 17.43% 14.45% 15.37% 16.03% 16.52% 17.08%
Earnings before Tax (EBT) 1 819.2 881.5 895.8 812.8 798.7 911.7 994.5 1,088
Net income 1 702.7 747.4 755.3 682 680.6 766.7 815.6 890.5
Net margin 13.14% 13.34% 11.95% 10.74% 10.22% 11.48% 11.84% 12.55%
EPS 2 2.620 2.780 2.800 2.520 2.520 2.851 3.093 3.357
Free Cash Flow 1 773.1 816 550 389.5 973.4 857.2 874.5 961.4
FCF margin 14.46% 14.57% 8.71% 6.13% 14.61% 12.83% 12.7% 13.54%
FCF Conversion (EBITDA) 67.98% 68.93% 42.71% 34.84% 79.56% 67.72% 65.03% 67.72%
FCF Conversion (Net income) 110.02% 109.18% 72.82% 57.11% 143.02% 111.8% 107.22% 107.95%
Dividend per Share 2 1.140 1.240 1.360 1.480 - 1.691 1.795 1.912
Announcement Date 1/28/20 1/28/21 1/27/22 1/26/23 1/25/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: November 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,730 1,522 1,537 1,596 1,696 1,566 1,659 1,685 1,753 1,603 1,637 1,673 1,771 1,645 1,677
EBITDA 1 355.9 276.1 223 288.6 330.3 274.6 283.8 304.9 360.2 283.5 280.5 316 382.8 304 295.2
EBIT 1 308.7 227.1 173.8 238.6 277.9 226.8 235 251.1 311.3 237.7 229.4 265.5 333.1 254.3 245.1
Operating Margin 17.84% 14.92% 11.31% 14.95% 16.39% 14.49% 14.16% 14.9% 17.76% 14.83% 14.01% 15.87% 18.81% 15.46% 14.62%
Earnings before Tax (EBT) 1 248.2 180 129.8 274.7 228.3 159.5 182.1 199.4 257.7 194.3 191.4 228.5 296 - -
Net income 1 197.4 154.9 118.5 222.9 185.7 139.1 152.1 170.1 219.3 166 165.4 196.5 247.1 - -
Net margin 11.41% 10.17% 7.71% 13.97% 10.95% 8.89% 9.17% 10.1% 12.51% 10.36% 10.1% 11.75% 13.95% - -
EPS 2 0.7300 0.5700 0.4400 0.8200 0.6900 0.5200 0.5600 0.6300 0.8100 0.6200 0.6067 0.7267 0.9367 - -
Dividend per Share 2 0.3400 0.3700 0.3700 0.3700 0.3700 0.3900 0.3900 - - - 0.4225 0.4225 0.4225 0.4410 0.4410
Announcement Date 1/27/22 3/29/22 6/29/22 10/6/22 1/26/23 3/28/23 6/29/23 10/3/23 1/25/24 3/26/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: November 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,169 4,481 4,931 4,816 4,245 3,977 3,800 3,664
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.666 x 3.785 x 3.829 x 4.307 x 3.469 x 3.142 x 2.826 x 2.581 x
Free Cash Flow 1 773 816 550 390 973 857 874 961
ROE (net income / shareholders' equity) 21.7% 20.3% 18.1% 15% 14.9% 14.5% 14.6% 15.1%
ROA (Net income/ Total Assets) 6.82% 6.66% 6.04% 5.24% 5.6% 5.89% 6.27% 6.56%
Assets 1 10,309 11,226 12,498 13,015 12,159 13,016 13,001 13,580
Book Value Per Share 2 13.00 14.70 16.50 17.50 18.90 20.40 21.70 22.90
Cash Flow per Share 2 3.530 3.870 3.070 2.410 4.590 3.670 3.870 4.120
Capex 1 174 225 278 262 264 260 254 259
Capex / Sales 3.25% 4.02% 4.4% 4.13% 3.96% 3.9% 3.69% 3.65%
Announcement Date 1/28/20 1/28/21 1/27/22 1/26/23 1/25/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for McCormick & Company, Incorporated

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
17
Last Close Price
68.58 USD
Average target price
75.2 USD
Spread / Average Target
+9.65%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Food Processing

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