MKC - McCormick & Company, Incorporated
NYSE
->
Consumer Defensive
->
Packaged Foods
Hunt Valley,
United States
Type: Equity
MKC price evolution
MKC
| (in millions $) | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $178 | $166.6 | $154.7 | $127.4 |
| Short term investments | ||||
| Net receivables | $567.5 | $587.5 | $624.5 | $557.2 |
| Inventory | $1129.6 | $1126.5 | $1225.5 | $1276.2 |
| Total current assets | $2020.2 | $2001.6 | $2127.5 | $2104 |
| Long term investments | ||||
| Property, plant & equipment | $1354.5 | $1324.7 | $1285.7 | $1249.6 |
| Goodwill & intangible assets | $8600.4 | $8616.8 | $8616.8 | $8607.3 |
| Total noncurrent assets | $10869.9 | $10860.7 | $10862.6 | $10804.2 |
| Total investments | ||||
| Total assets | $12890.1 | $12862.3 | $12990.1 | $12908.2 |
| Current liabilities | ||||
| Accounts payable | $1133.3 | $1119.3 | $1099.9 | $1100 |
| Deferred revenue | ||||
| Short long term debt | $1127.9 | $1071.5 | $1391.8 | $745.9 |
| Total current liabilities | $2973.8 | $3098.9 | $3171 | $2487.1 |
| Long term debt | $3329.1 | $3339.9 | $3385.3 | $4117.6 |
| Total noncurrent liabilities | $4658.9 | $4679.9 | $4749 | $5464.2 |
| Total debt | $4457 | $4411.4 | $4777.1 | $4863.5 |
| Total liabilities | $7632.7 | $7778.8 | $7920 | $7951.3 |
| Shareholders' equity | ||||
| Retained earnings | $3412.8 | $3249.7 | $3251.7 | $3191.4 |
| Other shareholder equity | -$393.7 | -$388.6 | -$393.9 | -$431.5 |
| Total shareholder equity | $5232.5 | $5060.7 | $5049.3 | $4937 |
| (in millions $) | 31 Dec 2023 | 30 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $166.6 | $334 | $351.7 | $423.6 |
| Short term investments | ||||
| Net receivables | $587.5 | $573.7 | $549.5 | $528.5 |
| Inventory | $1126.5 | $1340.1 | $1182.3 | $1032.6 |
| Total current assets | $2001.6 | $2386.7 | $2195.8 | $2083.6 |
| Long term investments | $322.9 | |||
| Property, plant & equipment | $1324.7 | $1416.9 | $1140.3 | $1028.4 |
| Goodwill & intangible assets | $8616.8 | $8600.8 | $8788.3 | $8225.7 |
| Total noncurrent assets | $10860.7 | $10738.2 | $10710 | $10006.1 |
| Total investments | ||||
| Total assets | $12862.3 | $13124.9 | $12905.8 | $12089.7 |
| Current liabilities | ||||
| Accounts payable | $1119.3 | $1171 | $1064.2 | $1032.3 |
| Deferred revenue | ||||
| Short long term debt | $1071.5 | $1507.3 | $1309.4 | $1150.6 |
| Total current liabilities | $3098.9 | $3432.4 | $3223.8 | $3046.5 |
| Long term debt | $3339.9 | $3642.3 | $3973.3 | $3753.8 |
| Total noncurrent liabilities | $4679.9 | $4993.3 | $5256.5 | $5103.2 |
| Total debt | $4411.4 | $5149.6 | $5282.7 | $4904.4 |
| Total liabilities | $7778.8 | $8444.4 | $8480.3 | $8149.7 |
| Shareholders' equity | ||||
| Retained earnings | $3249.7 | $3022.5 | $2782.4 | $2415.6 |
| Other shareholder equity | -$388.6 | -$480.6 | -$426.5 | -$470.8 |
| Total shareholder equity | $5060.7 | $4680.5 | $4411 | $3926.1 |
| (in millions $) | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $1602.7 | $1752.8 | $1684.7 | $1659.2 |
| Cost of revenue | $1003.4 | $1051.5 | $1061.9 | $1043.7 |
| Gross Profit | $599.3 | $701.3 | $622.8 | $615.5 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $361.6 | $390 | $371.7 | $380.5 |
| Total operating expenses | $365.8 | $404.1 | $377.8 | $393.7 |
| Operating income | $233.5 | $297.2 | $245 | $221.8 |
| Income from continuing operations | ||||
| EBIT | $244.6 | $310.4 | $252.1 | $234.3 |
| Income tax expense | $49.6 | $57.1 | $42.7 | $40.3 |
| Interest expense | $50.3 | $52.7 | $52.7 | $52.2 |
| Net income | ||||
| Net income | $144.7 | $200.6 | $156.7 | $141.8 |
| Income (for common shares) | $144.7 | $200.6 | $156.7 | $141.8 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $6662.2 | $6350.5 | $6317.9 | $5601.3 |
| Cost of revenue | $4159.7 | $4076 | $3823.3 | $3300.9 |
| Gross Profit | $2502.5 | $2274.5 | $2494.6 | $2300.4 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $1478.3 | $1357.1 | $1404.1 | $1281.6 |
| Total operating expenses | $1539.5 | $1410.9 | $1479.5 | $1300.9 |
| Operating income | $963 | $863.6 | $1015.1 | $999.5 |
| Income from continuing operations | ||||
| EBIT | $1006.9 | $961.9 | $1032.4 | $1017.1 |
| Income tax expense | $174.5 | $168.6 | $192.7 | $174.9 |
| Interest expense | $208.2 | $149.1 | $136.6 | $135.6 |
| Net income | ||||
| Net income | $624.2 | $644.2 | $703.1 | $706.6 |
| Income (for common shares) | $624.2 | $644.2 | $703.1 | $706.6 |
| (in millions $) | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 |
|---|---|---|---|---|
| Net income | $144.7 | $200.6 | $156.7 | $141.8 |
| Operating activities | ||||
| Depreciation | $45.8 | $48.9 | $53.8 | $48.8 |
| Business acquisitions & disposals | $1 | |||
| Stock-based compensation | $11.7 | $12.3 | $12.6 | $26.7 |
| Total cash flows from operations | $138.4 | $577.2 | $265.9 | $290.8 |
| Investing activities | ||||
| Capital expenditures | -$62 | -$76.7 | -$68.6 | -$57.1 |
| Investments | ||||
| Total cash flows from investing | -$61.8 | -$75.7 | -$68.7 | -$54.6 |
| Financing activities | ||||
| Dividends paid | -$112.7 | -$104.7 | -$104.6 | -$104.6 |
| Sale and purchase of stock | $4.1 | -$8.3 | -$3.3 | -$9.2 |
| Net borrowings | $43.2 | -$370 | -$76.8 | -$354.9 |
| Total cash flows from financing | -$67.7 | -$483 | -$183.1 | -$473.4 |
| Effect of exchange rate | $2.5 | -$6.6 | $13.2 | $7.8 |
| Change in cash and equivalents | $11.4 | $11.9 | $27.3 | -$229.4 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $624.2 | $644.2 | $703.1 | $706.6 |
| Operating activities | ||||
| Depreciation | $199.3 | $200.6 | $186.3 | $165 |
| Business acquisitions & disposals | $1 | $95.2 | -$641 | -$803 |
| Stock-based compensation | $63.4 | $60.3 | $66.6 | $46 |
| Total cash flows from operations | $1237.3 | $651.5 | $828.3 | $1041.3 |
| Investing activities | ||||
| Capital expenditures | -$263.9 | -$262 | -$278 | -$225.3 |
| Investments | ||||
| Total cash flows from investing | -$260.5 | -$146.4 | -$908.6 | -$1025.6 |
| Financing activities | ||||
| Dividends paid | -$418.5 | -$396.7 | -$363.3 | -$330.1 |
| Sale and purchase of stock | -$19.1 | $2.6 | $4.9 | $9.3 |
| Net borrowings | -$737.4 | -$73.7 | $395.8 | $554.7 |
| Total cash flows from financing | -$1184.2 | -$487.2 | $22 | $220.9 |
| Effect of exchange rate | $40 | -$35.6 | -$13.6 | $31.6 |
| Change in cash and equivalents | -$167.4 | -$17.7 | -$71.9 | $268.2 |
News
Fundamentals
| Market cap | $20.36B |
|---|---|
| Enterprise value | $24.64B |
| Shares outstanding | 268.41M |
| Revenue | $6.70B |
|---|---|
| EBITDA | $1.24B |
| EBIT | $1.04B |
| Net Income | $643.80M |
| Revenue Q/Q | 2.38% |
| Revenue Y/Y | 4.78% |
| P/E ratio | 31.62 |
|---|---|
| EV/Sales | 3.68 |
| EV/EBITDA | 19.89 |
| EV/EBIT | 23.66 |
| P/S ratio | 3.04 |
| P/B ratio | 3.62 |
| Book/Share | 20.96 |
| Cash/Share | 0.66 |
| EPS | $2.40 |
|---|---|
| ROA | 4.99% |
| ROE | 12.70% |
| Debt/Equity | 1.54 |
|---|---|
| Net debt/EBITDA | 6.02 |
| Current ratio | 0.68 |
| Quick ratio | 0.30 |