McCormick & Company, Incorporated (MKC)
Total Valuation
MKC has a market cap or net worth of $20.38 billion. The enterprise value is $24.66 billion.
Market Cap | 20.38B |
Enterprise Value | 24.66B |
Important Dates
The last earnings date was Tuesday, March 26, 2024, before market open.
Earnings Date | Mar 26, 2024 |
Ex-Dividend Date | Dec 28, 2023 |
Share Statistics
MKC has 267.89 million shares outstanding. The number of shares has increased by 0.07% in one year.
Shares Outstanding | 267.89M |
Shares Change (YoY) | +0.07% |
Shares Change (QoQ) | n/a |
Owned by Insiders (%) | 0.02% |
Owned by Institutions (%) | 87.61% |
Float | 266.67M |
Valuation Ratios
The trailing PE ratio is 29.32 and the forward PE ratio is 28.26. MKC's PEG ratio is 2.66.
PE Ratio | 29.32 |
Forward PE | 28.26 |
PS Ratio | 3.04 |
Forward PS | 3.03 |
PB Ratio | 3.90 |
P/FCF Ratio | 20.22 |
PEG Ratio | 2.66 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 19.91, with an EV/FCF ratio of 24.47.
EV / Earnings | 38.30 |
EV / Sales | 3.68 |
EV / EBITDA | 19.91 |
EV / EBIT | 23.68 |
EV / FCF | 24.47 |
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 -5.38% 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 | -5.38% |
50-Day Moving Average | 68.16 |
200-Day Moving Average | 73.61 |
Relative Strength Index (RSI) | 74.07 |
Average Volume (30 Days) | 2,145,603 |
Short Selling Information
The latest short interest is 5.57 million, so 2.08% of the outstanding shares have been sold short.
Short Interest | 5.57M |
Short Previous Month | 5.03M |
Short % of Shares Out | 2.08% |
Short % of Float | 2.09% |
Short Ratio (days to cover) | 2.81 |
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 |
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 -$15.97 per share.
Cash & Cash Equivalents | 178.00M |
Total Debt | 4.46B |
Net Cash | -4.28B |
Net Cash Per Share | -$15.97 |
Equity / Book Value | 5.23B |
Book Value Per Share | 19.53 |
Working Capital | -953.60M |
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 |
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 2.19%.
Dividend Per Share | $1.68 |
Dividend Yield | 2.19% |
Dividend Growth (YoY) | 6.00% |
Years of Dividend Growth | 37 |
Payout Ratio | 64.12% |
Buyback Yield | -0.07% |
Shareholder Yield | 2.11% |
Earnings Yield | 3.16% |
FCF Yield | 4.95% |
Analyst Forecast
The average price target for MKC is $75.75, which is -1.38% lower than the current price. The consensus rating is "Hold".
Price Target | $75.75 |
Price Target Difference | -1.38% |
Analyst Consensus | Hold |
Analyst Count | 9 |
Revenue Growth Forecast (5Y) | 3.75% |
EPS Growth Forecast (5Y) | 11.03% |
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 2.67 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.
Altman Z-Score | 2.67 |
Piotroski F-Score | 7 |