MKC McCormick & Company, Incorporated

Price (delayed)

$193.45

Market cap

$25.81B

P/E Ratio

33.82

Dividend/share

$2.48

EPS

$5.72

Enterprise value

$29.76B

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

MKC's equity is up by 13% year-on-year and by 8% since the previous quarter
The debt has decreased by 10% YoY and by 2.8% QoQ
The quick ratio rose by 16% year-on-year but it has declined by 14% since the previous quarter
MKC's price to earnings (P/E) is 28% higher than its 5-year quarterly average of 26.5 and 7% higher than its last 4 quarters average of 31.7

Key stats

What are the main financial stats of MKC
Market
Shares outstanding
133.41M
Market cap
$25.81B
Enterprise value
$29.76B
Valuations
Price to earnings (P/E)
33.82
Price to book (P/B)
6.55
Price to sales (P/S)
4.66
EV/EBIT
28.51
EV/EBITDA
24.62
EV/Sales
5.38
Earnings
Revenue
$5.53B
EBIT
$1.04B
EBITDA
$1.21B
Free cash flow
$866.7M
Per share
EPS
$5.72
Free cash flow per share
$6.5
Book value per share
$29.52
Revenue per share
$41.47
TBVPS
$25.83
Balance sheet
Total assets
$10.86B
Total liabilities
$6.91B
Debt
$4.17B
Equity
$3.93B
Working capital
-$193.9M
Liquidity
Debt to equity
1.06
Current ratio
0.9
Quick ratio
0.37
Net debt/EBITDA
3.27
Margins
EBITDA margin
21.9%
Gross margin
41.1%
Net margin
13%
Operating margin
18.5%
Efficiency
Return on assets
6.8%
Return on equity
19.7%
Return on invested capital
19.3%
Return on capital employed
11.7%
Return on sales
18.9%
Dividend
Dividend yield
1.28%
DPS
$2.48
Payout ratio
43.4%

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
$5.53B
Gross profit
$2.27B
Operating income
$1.02B
Net income
$718.2M
Gross margin
41.1%
Net margin
13%
The company's net income rose by 8% YoY and by 2% QoQ
The operating income has grown by 8% year-on-year
The company's gross profit rose by 7% YoY and by 2.3% QoQ
The net margin has increased by 4.8% YoY

Growth

What is Mccormick's growth rate over time

Valuation

What is Mccormick stock price valuation
P/E
33.82
P/B
6.55
P/S
4.66
EV/EBIT
28.51
EV/EBITDA
24.62
EV/Sales
5.38
MKC's price to earnings (P/E) is 28% higher than its 5-year quarterly average of 26.5 and 7% higher than its last 4 quarters average of 31.7
The EPS has grown by 7% year-on-year
MKC's equity is up by 13% year-on-year and by 8% since the previous quarter
The price to book (P/B) is 7% more than the 5-year quarterly average of 6.1 and 4% more than the last 4 quarters average of 6.3
The price to sales (P/S) is 41% more than the 5-year quarterly average of 3.3 and 8% more than the last 4 quarters average of 4.3
MKC's revenue is up by 3.7% YoY

Efficiency

How efficient is Mccormick business performance
Mccormick's return on invested capital has increased by 8% YoY
The return on assets rose by 4.6% year-on-year
The return on sales has grown by 2.7% year-on-year

Dividends

What is MKC's dividend history
DPS
$2.48
Dividend yield
1.28%
Payout ratio
43.4%
Recent dividends

Financial health

How did Mccormick financials performed over time
MKC's total assets is 57% greater than its total liabilities
The quick ratio rose by 16% year-on-year but it has declined by 14% since the previous quarter
MKC's current ratio is up by 15% year-on-year but it is down by 12% since the previous quarter
The debt is 6% higher than the equity
The debt to equity has declined by 21% year-on-year and by 9% since the previous quarter
MKC's equity is up by 13% year-on-year and by 8% since the previous quarter

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