Enterprise Value (EV)
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3M Co. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Cash Flow Statement
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Price to Book Value (P/BV) since 2005
- Aggregate Accruals
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Current Enterprise Value (EV)
3M Co., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Add: Noncontrolling interest (per books) | |
| Total equity | |
| Add: Short-term borrowings and current portion of long-term debt (per books) | |
| Add: Current obligations of finance leases (per books) | |
| Add: Long-term debt, excluding current portion (per books) | |
| Add: Finance leases, net of current obligations (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Less: Marketable securities, current | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2021-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
3M Co., EV calculation
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of 3M Co. Annual Report.
3 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
- Common Equity (Market Value)
- The common equity (market value) exhibits a general declining trend over the five-year period. It started at 132,731 million US dollars in 2017 and decreased steadily to 93,455 million US dollars by 2021. Notably, there was a slight recovery in 2020, when the value rose to 102,559 million US dollars from 93,759 million in 2019, but this was followed by another decline in 2021.
- Total Equity
- Total equity closely follows the pattern of common equity, indicating a consistent relationship between these two metrics. It declined from 132,790 million US dollars in 2017 to 93,526 million US dollars in 2021. The trend also includes a minor increase in 2020, mirroring the pattern seen in common equity, before decreasing again in 2021.
- Total Equity and Debt
- Total equity and debt shows a fluctuations pattern but with an overall downward trajectory. The figure decreased from 146,812 million US dollars in 2017 to 110,989 million US dollars in 2021. Although there was a rise from 2019 to 2020 (114,267 million to 121,533 million), the total declined again in 2021.
- Enterprise Value (EV)
- Enterprise value also shows a decreasing trend over the five-year span, starting at 142,683 million US dollars in 2017 and falling to 106,224 million US dollars in 2021. Similar to total equity and debt, the enterprise value fell consistently from 2017 to 2019, experienced a slight increase in 2020, and then declined once more in 2021.
- Overall Observations
- The financial data indicates a general decline in key valuation metrics such as common equity (market value), total equity, total equity and debt, and enterprise value from 2017 through 2021. Minor recoveries in 2020 suggest a temporary improvement during that year, potentially influenced by external or company-specific factors. However, the declines resumed in 2021, implying persistent challenges or changing market conditions affecting the company's valuation and capital structure.