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3M Co (MMM) Files 10-K for the Fiscal Year Ended on December 31, 2017

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3M Co (MMM) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. 3M Co is a diversified technology company. It manufactures a diverse array of industrial and consumer products. Its business segments are Industrial, Safety and Graphics, Health Care, Electronics and Energy, and Consumer. 3M Co has a market cap of $132.59 billion; its shares were traded at around $222.89 with a P/E ratio of 28.14 and P/S ratio of 4.33. The dividend yield of 3M Co stocks is 2.12%. 3M Co had annual average EBITDA growth of 4.60% over the past ten years. GuruFocus rated 3M Co the business predictability rank of 4.5-star.


For the last quarter 3M Co reported a revenue of $8 billion, compared with the revenue of $7.3 billion during the same period a year ago. For the latest fiscal year the company reported a revenue of $31.7 billion, an increase of 5.1% from last year. For the last five years 3M Co had an average revenue growth rate of 0.5% a year.

The reported diluted earnings per share was $7.93 for the year, a decline of 2.8% from the previous year. Over the last five years 3M Co had an EPS growth rate of 5.1% a year. The 3M Co enjoyed an operating margin of 24.7%, compared with the operating margin of 23.99% a year before. The 10-year historical median operating margin of 3M Co is 21.94%. The profitability rank of the company is 8 (out of 10).

At the end of the fiscal year, 3M Co has the cash and cash equivalents of $3.1 billion, compared with $2.4 billion in the previous year. The long term debt was $12.1 billion, compared with $10.7 billion in the previous year. The interest coverage to the debt is at a comfortable level of 11. 3M Co has a financial strength rank of 6 (out of 10).

At the current stock price of $222.89, 3M Co is traded at 70.2% premium to its historical median P/S valuation band of $130.97. The P/S ratio of the stock is 4.33, while the historical median P/S ratio is 2.54. The intrinsic value of the stock is $88.04 a share, according to GuruFocus DCF Calculator. The stock gained 35.35% during the past 12 months.

CEO Recent Trades:

  • Chairman, President & CEO Inge G Thulin sold 35,236 shares of MMM stock on 01/31/2018 at the average price of $251.14. The price of the stock has decreased by 11.25% since.
  • Chairman, President & CEO Inge G Thulin sold 18,866 shares of MMM stock on 01/31/2018 at the average price of $251.7. The price of the stock has decreased by 11.45% since.
  • Chairman, President & CEO Inge G Thulin sold 44 shares of MMM stock on 01/31/2018 at the average price of $252.31. The price of the stock has decreased by 11.66% since.
  • Chairman, President & CEO Inge G Thulin sold 5,438 shares of MMM stock on 01/31/2018 at the average price of $252.12. The price of the stock has decreased by 11.59% since.

CFO Recent Trades:

  • Sr. VP & CFO Nicholas C Gangestad sold 1,681 shares of MMM stock on 02/01/2018 at the average price of $249.76. The price of the stock has decreased by 10.76% since.

Directors and Officers Recent Trades:

  • Executive Vice President James L Bauman sold 2,826 shares of MMM stock on 02/02/2018 at the average price of $247.98. The price of the stock has decreased by 10.12% since.
  • Executive Vice President James L Bauman sold 8,834 shares of MMM stock on 02/02/2018 at the average price of $247.46. The price of the stock has decreased by 9.93% since.
  • Executive Vice President Michael F Roman sold 4,146 shares of MMM stock on 02/02/2018 at the average price of $246.65. The price of the stock has decreased by 9.63% since.
  • Executive Vice President Michael G. Vale sold 6,243 shares of MMM stock on 02/02/2018 at the average price of $247. The price of the stock has decreased by 9.76% since.
  • Vice Chair & Exec Vice Pres Hak Cheol Shin sold 8,014 shares of MMM stock on 02/01/2018 at the average price of $249.37. The price of the stock has decreased by 10.62% since.

For the complete 20-year historical financial data of MMM, click here.

This article first appeared on GuruFocus.