McCormick & Company, Incorporated
New York Stock ExchangeTotal Valuation
McCormick & Company, Incorporated carries a market capitalization of 12.69B, placing it among publicly traded companies globally. Its enterprise value stands at 24.41B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.
| Market Cap | 12.69B |
| Enterprise Value | 24.41B |
Share Statistics
McCormick & Company, Incorporated currently has 268.72M shares outstanding.
| Shares Outstanding | 268.72M |
| Owned by Insiders (%) | N/A |
| Owned by Institutions (%) | N/A |
Valuation Ratios
McCormick & Company, Incorporated trades at a trailing price-to-earnings ratio of 11.57. The price-to-sales ratio is 2.68, and the price-to-book ratio stands at 2.68.
| PE Ratio | 11.57 |
| PS Ratio | 2.68 |
| PB Ratio | 2.68 |
| P/TBV Ratio | -5.13 |
| P/FCF Ratio | 21.32 |
| P/OCF Ratio | 21.26 |
Enterprise Valuation
On an enterprise value basis, McCormick & Company, Incorporated trades at an EV/EBITDA multiple of 17.95 and an EV/FCF ratio of 23.26. The EV/Sales ratio of 3.43 reflects the premium investors are willing to pay for the company's revenue stream, while the EV/EBIT multiple of 21.81 provides insight into valuation relative to core operating earnings.
| EV / Sales | 3.43 |
| EV / EBITDA | 17.95 |
| EV / EBIT | 21.81 |
| EV / FCF | 23.26 |
Financial Position
McCormick & Company, Incorporated maintains a current ratio of 0.76, meaning it holds 0.8x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 65.16, indicating elevated leverage, while an interest coverage ratio of 6.97 demonstrates adequate ability to service its debt obligations.
| Current Ratio | 0.76 |
| Quick Ratio | 0.29 |
| Debt / Equity | 65.16 |
| Debt / EBITDA | 3.62 |
| Interest Coverage | 6.97 |
Financial Efficiency
McCormick & Company, Incorporated posts a return on equity of 25.55 and a return on invested capital of 7.80.
| Return on Equity (ROE) | 25.55 |
| Return on Assets (ROA) | 11.21 |
| Return on Invested Capital (ROIC) | 7.80 |
| Return on Capital Employed (ROCE) | 15.70 |
| Revenue Per Employee | N/A |
| Employee Count | N/A |
| Inventory Turnover | 3.39 |
Taxes
Over the trailing twelve months, McCormick & Company, Incorporated has paid 202.90M in income taxes, reflecting an effective tax rate of 22.26.
| Income Tax | 202.90M |
| Effective Tax Rate | 22.26 |
Stock Price Statistics
McCormick & Company, Incorporated's stock has declined approximately -35.32072% over the past 52 weeks. The 50-day moving average sits at 49.16, while the 200-day moving average is 61.15.
| Beta (5Y) | N/A |
| 52-Week Price Change | -35.32072% |
| 50-Day Moving Average | 49.16 |
| 200-Day Moving Average | 61.15 |
| Average Volume (20 Days) | N/A |
Income Statement
Over the trailing twelve months, McCormick & Company, Incorporated generated 7.11B in revenue and converted that into 1.65B in net income, yielding earnings per share of 6.12. EBITDA reached 1.36B, while operating income came in at 1.12B.
| Revenue | 7.11B |
| Gross Profit | 2.70B |
| Operating Income | 1.12B |
| Pretax Income | 911.50M |
| Net Income | 1.65B |
| EBITDA | 1.36B |
| EBIT | 1.12B |
| Earnings Per Share (EPS) | 6.12 |
Balance Sheet
McCormick & Company, Incorporated holds 177.70M in cash and equivalents against 4.92B in total debt, resulting in a net debt position of 4.75B. Total book value stands at 7.13B, with working capital of -832.80M providing operational flexibility.
| Cash & Cash Equivalents | 177.70M |
| Total Debt | 4.92B |
| Net Debt | 4.75B |
| Equity (Book Value) | 7.13B |
| Book Value Per Share | 26.54 |
| Working Capital | -832.80M |
Cash Flow
McCormick & Company, Incorporated produced 897.60M in operating cash flow over the past twelve months.
| Operating Cash Flow | 897.60M |
| Capital Expenditures | N/A |
| Free Cash Flow | 897.60M |
| FCF Per Share | 3.34 |
Margins
McCormick & Company, Incorporated operates with a gross margin of 37.94, reflecting its pricing power and cost economics. The operating margin of 15.75 and net profit margin of 23.20 provide insight into operational efficiency.
| Gross Margin | 37.94 |
| Operating Margin | 15.75 |
| Pretax Margin | 12.82 |
| Profit Margin | 23.20 |
| EBITDA Margin | 19.13 |
Dividends & Yields
The company's payout ratio of 29.78 indicates the proportion of earnings distributed to shareholders.
| Dividend Per Share | 1.83 |
| Dividend Yield | N/A |
| Payout Ratio | 29.78 |
| Shareholder Yield | -0.50 |
| FCF Yield | 4.69 |
Stock Splits
McCormick & Company, Incorporated's most recent stock split took place on December 1, 2020 with a 1:2 split ratio.
| Last Split Date | 12/1/2020 |
| Split Ratio | 1:2 |
Scores
McCormick & Company, Incorporated posts an Altman Z-Score of 4.57, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.
| Altman Z-Score | 4.57 |