Financials 3M Company

Equities

MMM

US88579Y1010

Consumer Goods Conglomerates

Market Closed - Nyse Other stock markets 04:00:02 2025-06-17 pm EDT			5-day change	1st Jan Change
142.21 ^USD	-1.97%		-1.40%	+10.16%

Jun. 16	Waystar appoints Aashima Gupta, Michael Roman to board	RE
Jun. 15	3M Sues Plaintiff Attorneys Over Fraudulent Respirator Claims	MT

Projected Income Statement: 3M Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	32,184	35,355	34,229	32,681	24,575	23,991	24,662	25,489
Change	-	9.85%	-3.18%	-4.52%	-24.8%	-2.38%	2.8%	3.35%
EBITDA ¹	8,755	9,284	8,947	8,147	6,168	6,715	7,144	7,637
Change	-	6.04%	-3.63%	-8.94%	-24.29%	8.87%	6.38%	6.9%
EBIT ¹	6,844	7,369	7,116	6,388	5,067	5,489	5,841	6,259
Change	-	7.67%	-3.43%	-10.23%	-20.68%	8.32%	6.42%	7.15%
Interest Paid ¹	-450	-488	-462	-942	-1,191	-567	-360.5	-280
Earnings before Tax (EBT) ¹	6,711	7,204	6,392	-9,688	4,819	5,027	5,473	5,834
Change	-	7.35%	-11.27%	-251.56%	149.74%	4.31%	8.88%	6.6%
Net income ¹	5,384	5,921	5,777	-6,995	4,173	4,084	4,363	4,675
Change	-	9.97%	-2.43%	-221.08%	159.66%	-2.14%	6.84%	7.16%
Announcement Date	1/26/21	1/25/22	1/24/23	1/23/24	1/21/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	7,176	8,350	8,583	8,851	8,950	8,942	8,612	8,829	8,702	8,619	8,079	8,031	8,325	8,312	8,013	8,003	6,255	6,068	6,010	5,780	6,089	6,156	5,942	5,950	6,296	6,352	6,113	6,306
Change	-	16.36%	2.79%	3.12%	1.12%	-0.09%	-3.69%	2.52%	-1.44%	-0.95%	-6.27%	-0.59%	3.66%	-0.16%	-3.6%	-0.12%	-21.84%	-2.99%	-0.96%	-3.83%	5.35%	1.1%	-3.47%	0.13%	5.82%	0.89%	-3.76%	3.16%
EBITDA ¹	1,900	2,390	2,347	2,454	2,443	2,264	2,123	2,100	2,288	2,305	2,004	1,813	1,963	2,325	2,046	2,096	1,576	1,682	1,421	-	1,768	1,774	1,556	1,686	1,882	1,892	1,618	1,806
Change	-	25.79%	-1.8%	4.56%	-0.45%	-7.33%	-6.23%	-1.08%	8.95%	0.74%	-13.06%	-9.53%	8.27%	18.44%	-12%	2.44%	-24.81%	6.73%	-15.52%	-	-	0.31%	-12.27%	8.37%	11.63%	0.5%	-14.47%	11.63%
EBIT ¹	1,408	1,909	1,849	1,994	1,971	1,788	1,616	1,641	1,826	1,855	1,544	1,376	1,545	1,859	1,608	1,690	1,303	1,397	1,144	1,358	1,445	1,457	1,270	1,375	1,560	1,569	1,296	1,516
Change	-	35.58%	-3.14%	7.84%	-1.15%	-9.28%	-9.62%	1.55%	11.27%	1.59%	-16.77%	-10.88%	12.28%	20.32%	-13.5%	5.1%	-22.9%	7.21%	-18.11%	18.71%	6.38%	0.83%	-12.83%	8.28%	13.48%	0.6%	-17.44%	17.01%
Charge d'intérêts ¹	-111	-104	-139	-132	-121	-117	-118	-113	-117	-106	-115	-123	-144	-304	-371	-275	-179	-169	-612	-	-135	-130	-124	-	-	-	-	-
Earnings before Tax (EBT) ¹	1,629	1,805	1,710	1,945	1,938	1,757	1,564	1,603	60	4,132	597	1,189	-9,023	-2,854	1,000	1,237	1,410	1,721	759	1,385	1,375	1,369	1,174	1,342	1,491	1,531	1,250	1,428
Change	-	10.8%	-5.26%	13.74%	-0.36%	-9.34%	-10.98%	2.49%	-96.26%	6,786.67%	-85.55%	99.16%	-858.87%	68.37%	135.04%	23.7%	13.99%	22.06%	-55.9%	82.48%	-0.74%	-0.4%	-14.28%	14.32%	11.11%	2.69%	-18.36%	14.26%
Net income ¹	1,290	1,413	1,389	1,624	1,524	1,434	1,339	1,299	78	3,859	541	976	-6,841	-2,075	945	928	1,145	1,372	728	1,116	1,075	1,081	932	1,069	1,188	1,220	995.2	1,137
Change	-	9.53%	-1.7%	16.92%	-6.16%	-5.91%	-6.62%	-2.99%	-94%	4,847.44%	-85.98%	80.41%	-800.92%	69.67%	145.54%	-1.8%	23.38%	19.83%	-46.94%	53.3%	-3.63%	0.55%	-13.82%	14.68%	11.15%	2.7%	-18.43%	14.26%
Announcement Date	7/28/20	10/27/20	1/26/21	4/27/21	7/27/21	10/26/21	1/25/22	4/26/22	7/26/22	10/25/22	1/24/23	4/25/23	7/25/23	10/24/23	1/23/24	4/30/24	7/26/24	10/22/24	1/21/25	4/22/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: 3M Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	14,161	12,799	12,046	10,049	5,316	6,943	5,902	5,384
Change	-	-9.62%	-5.88%	-16.58%	-47.1%	30.61%	-14.99%	-8.78%
Announcement Date	1/26/21	1/25/22	1/24/23	1/23/24	1/21/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: 3M Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,501	1,603	1,749	1,615	1,181	1,132	1,215	1,294
Change	-	6.8%	9.11%	-7.66%	-26.87%	-4.12%	7.27%	6.52%
Free Cash Flow (FCF) ¹	6,612	5,851	3,842	5,065	638	3,155	3,859	3,870
Change	-	-11.51%	-34.34%	31.83%	-87.4%	394.53%	22.31%	0.29%
Announcement Date	1/26/21	1/25/22	1/24/23	1/23/24	1/21/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: 3M Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	27.2%	26.26%	26.14%	24.93%	25.1%	27.99%	28.97%	29.96%
EBIT Margin (%)	21.27%	20.84%	20.79%	19.55%	20.62%	22.88%	23.69%	24.55%
EBT Margin (%)	20.85%	20.38%	18.67%	-29.64%	19.61%	20.95%	22.19%	22.89%
Net margin (%)	16.73%	16.75%	16.88%	-21.4%	16.98%	17.02%	17.69%	18.34%
FCF margin (%)	20.54%	16.55%	11.22%	15.5%	2.6%	13.15%	15.65%	15.18%
FCF / Net Income (%)	122.81%	98.82%	66.51%	-72.41%	15.29%	77.26%	88.44%	82.77%
Profitability
ROA	11.7%	12.54%	12.35%	-14.42%	9.23%	10.13%	11.09%	11.83%
ROE	46.7%	42.22%	38.38%	52.16%	100.64%	95.07%	79.03%	66.12%
Financial Health
Leverage (Debt/EBITDA)	1.62x	1.38x	1.35x	1.23x	0.86x	1.03x	0.83x	0.71x
Debt / Free cash flow	2.14x	2.19x	3.14x	1.98x	8.33x	2.2x	1.53x	1.39x
Capital Intensity
CAPEX / Current Assets (%)	4.66%	4.53%	5.11%	4.94%	4.81%	4.72%	4.93%	5.08%
CAPEX / EBITDA (%)	17.14%	17.27%	19.55%	19.82%	19.15%	16.86%	17%	16.94%
CAPEX / FCF (%)	22.7%	27.4%	45.52%	31.89%	185.11%	35.89%	31.48%	33.43%
Items per share
Cash flow per share ¹	13.94	12.74	9.85	12.06	3.293	7.924	9.714	10.34
Change	-	-8.61%	-22.65%	22.43%	-72.7%	140.64%	22.58%	6.43%
Dividend per Share ¹	5.88	5.92	5.96	6	3.61	2.942	3.192	3.368
Change	-	0.68%	0.68%	0.67%	-39.83%	-18.5%	8.51%	5.5%
Book Value Per Share ¹	22.38	26.44	26.02	8.789	7.218	9.475	12.2	16.2
Change	-	18.11%	-1.56%	-66.23%	-17.87%	31.27%	28.75%	32.81%
EPS ¹	9.25	10.12	10.18	-12.63	7.55	7.42	8.24	8.726
Change	-	9.41%	0.59%	-224.07%	159.78%	-1.73%	11.05%	5.9%
Nbr of stocks (in thousands)	576,822	576,253	576,253	552,317	544,559	538,181	538,181	538,181
Announcement Date	1/26/21	1/25/22	1/24/23	1/23/24	1/21/25	-	-	-