MKC.V fundamentals

Key facts

Market capitalization‪21.50 B‬USD
Founded1889
Employees (FY)‪14.1 K‬
CEOBrendan M. Foley
About

McCormick & Co., Inc. engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces. The Flavor Solutions segment includes seasoning blends, spices and herbs, condiments, coating systems, and compound flavors. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Baltimore, MD.

Ownership
‪‪15.64 M‬‬
Free Float shares
‪‪12.67 M‬‬ (81%)
Closely held shares
‪‪2.97 M‬‬ (19%)
Free Float shares
‪‪12.67 M‬‬ (81%)
Closely held shares
‪‪2.97 M‬‬ (19%)
Capital structure
Market cap
‪‪21.50 B‬‬
Debt
‪‪4.56 B‬‬
Minority interest
‪‪25.80 M‬‬
Cash & equivalents
‪‪186.10 M‬‬
Enterprise value
‪‪25.91 B‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪21.50 B‬‬
Price to earning ratio (P/E)
27.26x
Price to sales ratio (P/S)
3.20x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
27.26x
Price to sales ratio (P/S)
3.20x
Valuation ratios
‪0.00‬
‪0.80‬
‪1.60‬
‪2.40‬
‪3.20‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪7.00‬
‪14.00‬
‪21.00‬
‪28.00‬
P/E
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪10.0%‬
‪10.9%‬
‪11.8%‬
‪12.7%‬
‪13.6%‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪‪500.00 M‬‬
‪‪1.00 B‬‬
‪‪1.50 B‬‬
‪‪2.00 B‬‬
Revenue
Net income
Net margin %
Revenue to profit conversion
Revenue
COGS
Gross profit
Op expenses
Op income
Non-Op income/ expenses
Taxes & Other
Net income
‪0.00‬
‪‪500.00 M‬‬
‪‪1.00 B‬‬
‪‪1.50 B‬‬
‪‪2.00 B‬‬
Revenue
COGS
Gross profit
Expenses & adjustments
Net income
‪0.00‬
‪‪500.00 M‬‬
‪‪1.00 B‬‬
‪‪1.50 B‬‬
‪‪2.00 B‬‬

Revenue breakdown

Revenue streams and regions a business earns money from

By source/business
Period: 2024
Consumer
Flavor Solutions
By country
Period: 2024
United States
EMEA
Americas
APAC

Estimates

Revenue and Earnings forecasts and estimates accuracy

Revenue
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪0.00‬
‪‪500.00 M‬‬
‪‪1.00 B‬‬
‪‪1.50 B‬‬
‪‪2.00 B‬‬
Actual
Estimate
Earnings
Next:Mar 25, 2025
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪0.00‬
‪0.21‬
‪0.42‬
‪0.63‬
‪0.84‬
Actual
Estimate

Dividends

Dividend yield, history and sustainability

Dividend summary
57.46%
Earnings retained
Payout ratio (TTM)
Dividend yield TTM
2.15%
Last payment
0.45
Last ex-date
Dec 30, 2024
Dividend history
‪1.0%‬
‪1.4%‬
‪1.8%‬
‪2.2%‬
‪2.6%‬
2020
2021
2022
2023
2024
‪0.00‬
‪0.45‬
‪0.90‬
‪1.35‬
‪1.80‬
Dividends per share (FY)
Dividend yield (FY) %

Financial health

Financial position and solvency of the company

Debt level and coverage
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪‪1.20 B‬‬
‪‪2.40 B‬‬
‪‪3.60 B‬‬
‪‪4.80 B‬‬
Debt
Free cash flow
Cash & equivalents
Financial position analysis
Short term
Long term
‪0.00‬
‪‪3.00 B‬‬
‪‪6.00 B‬‬
‪‪9.00 B‬‬
‪‪12.00 B‬‬
Assets
Liabilities