Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

3M Co. (NYSE:MMM)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

3M Co., current enterprise value calculation

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Current share price (P) $176.89
No. shares of common stock outstanding 576,821,878
US$ in millions
Common equity (market value)1 102,034 
Add: Noncontrolling interest (per books) 63 
Total equity 102,097 
Add: Short-term borrowings and current portion of long-term debt (per books) 2,795 
Add: Long-term debt, excluding current portion (per books) 17,518 
Total equity and debt 122,410 
Less: Cash and cash equivalents 2,353 
Less: Marketable securities, current 98 
Enterprise value (EV) 119,959 

Based on: 10-K (filing date: 2020-02-06).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 176.89 × 576,821,878

Historical Enterprise Value (EV)

3M Co., EV calculation

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Share price1, 2 $162.89 $199.84 $222.89 $178.18 $150.67
No. shares of common stock outstanding1 575,600,000 575,800,000 595,500,000 596,200,000 605,038,186
US$ in millions
Common equity (market value)3 93,759  115,068  132,731  106,231  91,161 
Add: Noncontrolling interest (book value) 63  52  59  45  39 
Total equity 93,822  115,120  132,790  106,276  91,200 
Add: Short-term borrowings and current portion of long-term debt (book value) 2,795  1,211  1,853  972  2,044 
Add: Long-term debt, excluding current portion (book value) 17,518  13,411  12,096  10,678  8,753 
Total equity and debt 114,135  129,742  146,739  117,926  101,997 
Less: Cash and cash equivalents 2,353  2,853  3,053  2,398  1,798 
Less: Marketable securities, current 98  380  1,076  280  118 
Enterprise value (EV) 111,684  126,509  142,610  115,248  100,081 

Based on: 10-K (filing date: 2020-02-06), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-11).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of 3M Co.’s Annual Report.

3 2019 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 162.89 × 575,600,000

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. 3M Co.’s EV decreased from 2017 to 2018 and from 2018 to 2019.