MKC McCormick & Company, Incorporated

Price (delayed)

$202.04

Market cap

$26.92B

P/E Ratio

35.95

Dividend/share

$2.43

EPS

$5.62

Enterprise value

$31.02B

Sector: Consumer Defensive
Industry: Packaged Foods
McCormick & Co., Inc. engages in the manufacture, market and distribution of spices, seasoning mixes, condiments and other flavorful products to retail outlets, food manufacturers and foodservice businesses. It operates through the following segments: Consumer and Flavor Solutions. The Consumer segment operates by selling to retail channels, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce through the following brands: McCormick, Lawry's, Zatarain's, Simply Asia, Thai Kitchen, Ducros, Vahine, Schwartz, Club House, Kamis, Kohinoor and DaQiao. The Flavour Solutions segment provides products to multinational food manufacturers and foodservice customers. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Hunt Valley, MD.

Highlights

The quick ratio has surged by 54% since the previous quarter and by 39% year-on-year
The company's net income rose by 9% YoY and by 7% QoQ
MKC's price to earnings (P/E) is 38% higher than its 5-year quarterly average of 26.0 and 19% higher than its last 4 quarters average of 30.3

Key stats

What are the main financial stats of MKC
Market
Shares outstanding
133.22M
Market cap
$26.92B
Enterprise value
$31.02B
Valuations
Price to earnings (P/E)
35.95
Price to book (P/B)
7.36
Price to sales (P/S)
4.96
EV/EBIT
30.2
EV/EBITDA
26.1
EV/Sales
5.72
Earnings
Revenue
$5.43B
EBIT
$1.03B
EBITDA
$1.19B
Free cash flow
$781.4M
Per share
EPS
$5.62
Free cash flow per share
$5.87
Book value per share
$27.46
Revenue per share
$40.77
TBVPS
$24.48
Balance sheet
Total assets
$10.58B
Total liabilities
$6.91B
Debt
$4.29B
Equity
$3.65B
Working capital
$33.4M
Liquidity
Debt to equity
1.17
Current ratio
1.02
Quick ratio
0.43
Net debt/EBITDA
3.45
Margins
EBITDA margin
21.9%
Gross margin
40.9%
Net margin
13%
Operating margin
18.5%
Efficiency
Return on assets
6.7%
Return on equity
19.9%
Return on invested capital
19%
Return on capital employed
11.4%
Return on sales
18.9%
Dividend
Dividend yield
1.2%
DPS
$2.43
Payout ratio
43.2%

MKC stock price

How has the Mccormick stock price performed over time

Financial performance

How have Mccormick's revenue and profit performed over time
Revenue
$5.43B
Gross profit
$2.22B
Operating income
$1B
Net income
$704M
Gross margin
40.9%
Net margin
13%
The company's net income rose by 9% YoY and by 7% QoQ
The operating income has grown by 8% year-on-year and by 5% since the previous quarter
The net margin has increased by 7% YoY and by 4.8% QoQ
The operating margin has increased by 6% YoY and by 3.4% QoQ

Valuation

What is Mccormick stock price valuation
P/E
35.95
P/B
7.36
P/S
4.96
EV/EBIT
30.2
EV/EBITDA
26.1
EV/Sales
5.72
MKC's price to earnings (P/E) is 38% higher than its 5-year quarterly average of 26.0 and 19% higher than its last 4 quarters average of 30.3
The EPS has grown by 8% year-on-year and by 6% since the previous quarter
The price to book (P/B) is 21% more than the 5-year quarterly average of 6.1 and 21% more than the last 4 quarters average of 6.1
MKC's equity is up by 8% year-on-year and by 2.5% since the previous quarter
The price to sales (P/S) is 55% more than the 5-year quarterly average of 3.2 and 21% more than the last 4 quarters average of 4.1
MKC's revenue is up by 2% YoY

Efficiency

How efficient is Mccormick business performance
Mccormick's return on invested capital has increased by 12% YoY and by 3.3% QoQ
The return on assets rose by 6% year-on-year and by 4.7% since the previous quarter
The return on sales has grown by 5% year-on-year and by 2.7% since the previous quarter
The ROE has grown by 4.7% from the previous quarter

Dividends

What is MKC's dividend history
DPS
$2.43
Dividend yield
1.2%
Payout ratio
43.2%
Recent dividends

Financial health

How did Mccormick financials performed over time
MKC's total assets is 53% greater than its total liabilities
The quick ratio has surged by 54% since the previous quarter and by 39% year-on-year
MKC's current ratio is up by 38% since the previous quarter and by 29% year-on-year
The debt is 18% higher than the equity
The debt to equity has declined by 16% year-on-year and by 6% since the previous quarter
MKC's equity is up by 8% year-on-year and by 2.5% since the previous quarter

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.