McCormick & Company, Incorporated (MKC)
NYSE: MKC · IEX Real-Time Price · USD
74.01
-0.47 (-0.63%)
May 17, 2024, 4:00 PM EDT - Market closed

McCormick & Company Statistics

Total Valuation

MKC has a market cap or net worth of $19.90 billion. The enterprise value is $24.18 billion.

Market Cap 19.90B
Enterprise Value 24.18B

Important Dates

The next estimated earnings date is Thursday, June 27, 2024, before market open.

Earnings Date Jun 27, 2024
Ex-Dividend Date Apr 5, 2024

Share Statistics

MKC has 268.64 million shares outstanding. The number of shares has increased by 0.07% in one year.

Shares Outstanding 268.64M
Shares Change (YoY) +0.07%
Shares Change (QoQ) n/a
Owned by Insiders (%) 0.02%
Owned by Institutions (%) 88.99%
Float 266.64M

Valuation Ratios

The trailing PE ratio is 28.25 and the forward PE ratio is 26.06. MKC's PEG ratio is 2.48.

PE Ratio 28.25
Forward PE 26.06
PS Ratio 2.97
Forward PS 2.97
PB Ratio 3.80
P/FCF Ratio 19.75
PEG Ratio 2.48
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 19.52, with an EV/FCF ratio of 23.99.

EV / Earnings 37.56
EV / Sales 3.61
EV / EBITDA 19.52
EV / EBIT 23.22
EV / FCF 23.99

Financial Position

The company has a current ratio of 0.68, with a Debt / Equity ratio of 0.85.

Current Ratio 0.68
Quick Ratio 0.25
Debt / Equity 0.85
Debt / EBITDA 3.60
Debt / FCF 4.42
Interest Coverage 5.01

Financial Efficiency

Return on equity (ROE) is 12.70% and return on invested capital (ROIC) is 7.95%.

Return on Equity (ROE) 12.70%
Return on Assets (ROA) 5.00%
Return on Capital (ROIC) 7.95%
Revenue Per Employee $485,464
Profits Per Employee $46,652
Employee Count 13,800
Asset Turnover 0.52
Inventory Turnover 3.36

Taxes

In the past 12 months, MKC has paid $189.70 million in taxes.

Income Tax 189.70M
Effective Tax Rate 22.76%

Stock Price Statistics

The stock price has decreased by -16.64% in the last 52 weeks. The beta is 0.72, so MKC's price volatility has been lower than the market average.

Beta (1Y) 0.72
52-Week Price Change -16.64%
50-Day Moving Average 73.63
200-Day Moving Average 71.19
Relative Strength Index (RSI) 45.74
Average Volume (30 Days) 1,886,306

Short Selling Information

The latest short interest is 4.63 million, so 1.72% of the outstanding shares have been sold short.

Short Interest 4.63M
Short Previous Month 5.35M
Short % of Shares Out 1.72%
Short % of Float 1.74%
Short Ratio (days to cover) 2.75

Income Statement

In the last 12 months, MKC had revenue of $6.70 billion and earned $643.80 million in profits. Earnings per share was $2.62.

Revenue 6.70B
Gross Profit 2.54B
Operating Income 997.50M
Pretax Income 833.50M
Net Income 643.80M
EBITDA 1.24B
EBIT 1.04B
Earnings Per Share (EPS) $2.62
Full Income Statement

Balance Sheet

The company has $178.00 million in cash and $4.46 billion in debt, giving a net cash position of -$4.28 billion or -$15.93 per share.

Cash & Cash Equivalents 178.00M
Total Debt 4.46B
Net Cash -4.28B
Net Cash Per Share -$15.93
Equity / Book Value 5.23B
Book Value Per Share 19.48
Working Capital -953.60M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $1.27 billion and capital expenditures -$264.40 million, giving a free cash flow of $1.01 billion.

Operating Cash Flow 1.27B
Capital Expenditures -264.40M
Free Cash Flow 1.01B
FCF Per Share $3.76
Full Cash Flow Statement

Margins

Gross margin is 37.90%, with operating and profit margins of 14.89% and 9.61%.

Gross Margin 37.90%
Operating Margin 14.89%
Pretax Margin 12.44%
Profit Margin 9.61%
EBITDA Margin 18.49%
EBIT Margin 15.54%
FCF Margin 15.04%

Dividends & Yields

This stock pays an annual dividend of $1.68, which amounts to a dividend yield of 2.27%.

Dividend Per Share $1.68
Dividend Yield 2.27%
Dividend Growth (YoY) 6.58%
Years of Dividend Growth 37
Payout Ratio 64.12%
Buyback Yield -0.07%
Shareholder Yield 2.20%
Earnings Yield 3.23%
FCF Yield 5.06%
Dividend Details

Analyst Forecast

The average price target for MKC is $77.11, which is 4.19% higher than the current price. The consensus rating is "Hold".

Price Target $77.11
Price Target Difference 4.19%
Analyst Consensus Hold
Analyst Count 10
Revenue Growth Forecast (5Y) 3.10%
EPS Growth Forecast (5Y) 8.90%
Stock Forecasts

Stock Splits

The last stock split was on December 1, 2020. It was a forward split with a ratio of 2:1.

Last Split Date Dec 1, 2020
Split Type Forward
Split Ratio 2:1

Scores

MKC has an Altman Z-Score of 2.63 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 2.63
Piotroski F-Score 7