DDM Analysis: MMM

Valuation Snapshot

Stable Growth	$36.48 - $50.85	$43.66
Multi-Stage	$74.20 - $81.47	$77.76
Blended Fair Value	$60.71
Current Price	$155.18
Upside	-60.88%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-9.78%	-1.11%	3.64	6.07	6.18	6.27	6.22	6.08	5.86	5.14	4.91	4.70
YoY Growth	-	-	-40.14%	-1.72%	-1.49%	0.94%	2.17%	3.85%	13.91%	4.67%	4.57%	15.57%
Dividend Yield	-	-	2.48%	6.46%	7.03%	5.04%	3.86%	5.33%	3.31%	2.80%	3.07%	3.37%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,401.00
(-) Cash Dividends Paid (M)	2,339.00
(=) Cash Retained (M)	1,062.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	680.20	425.13	255.08
Cash Retained (M)	1,062.00	1,062.00	1,062.00
(-) Cash Required (M)	-680.20	-425.13	-255.08
(=) Excess Retained (M)	381.80	636.88	806.93
(/) Shares Outstanding (M)	545.08	545.08	545.08
(=) Excess Retained per Share	0.70	1.17	1.48
LTM Dividend per Share	4.29	4.29	4.29
(+) Excess Retained per Share	0.70	1.17	1.48
(=) Adjusted Dividend	4.99	5.46	5.77
WACC / Discount Rate	8.51%	8.51%	8.51%
Growth Rate	-4.55%	-3.55%	-2.55%
Fair Value	$36.48	$43.66	$50.85
Upside / Downside	-76.49%	-71.86%	-67.23%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,401.00	3,280.23	3,163.76	3,051.42	2,943.07	2,838.56	2,923.72
Payout Ratio	68.77%	73.02%	77.26%	81.51%	85.75%	90.00%	92.50%
Projected Dividends (M)	2,339.00	2,395.20	2,444.46	2,487.20	2,523.82	2,554.70	2,704.44

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.51%	8.51%	8.51%
Growth Rate	-4.55%	-3.55%	-2.55%
Year 1 PV (M)	2,184.49	2,207.38	2,230.27
Year 2 PV (M)	2,033.29	2,076.12	2,119.40
Year 3 PV (M)	1,886.85	1,946.78	2,007.96
Year 4 PV (M)	1,746.20	1,820.54	1,897.22
Year 5 PV (M)	1,612.08	1,698.31	1,788.20
PV of Terminal Value (M)	30,979.30	32,636.48	34,363.83
Equity Value (M)	40,442.21	42,385.61	44,406.87
Shares Outstanding (M)	545.08	545.08	545.08
Fair Value	$74.20	$77.76	$81.47
Upside / Downside	-52.19%	-49.89%	-47.50%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 90 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
688267.SS	China Catalyst Holding Co., Ltd.	1.26%	$0.35	34.87%
8848.T	Leopalace21 Corporation	1.26%	$8.31	27.11%
BAUH4.SA	Excelsior Alimentos S.A.	1.26%	$1.17	21.88%
CAST.ST	Castellum AB (publ)	1.26%	$1.33	21.53%
CRH	CRH plc	1.26%	$1.60	33.62%
HBEL.BO	Humming Bird Education Limited	1.26%	$0.30	36.54%
JCI	Johnson Controls International plc	1.26%	$1.54	56.71%
KOG.OL	Kongsberg Gruppen ASA	1.26%	$3.40	42.40%
OEM-B.ST	OEM International AB (publ)	1.26%	$1.74	40.26%
SAREGAMA.BO	Saregama India Limited	1.26%	$4.51	42.77%
SDPC.JK	PT Millennium Pharmacon International Tbk	1.26%	$2.00	15.16%
002448.SZ	ZYNP Corporation	1.25%	$0.16	32.06%
0QLU.L	Basler Kantonalbank	1.25%	$1.11	12.42%
145720.KS	Dentium Co. Ltd.	1.25%	$599.51	9.81%
204320.KS	Mando Corporation	1.25%	$820.37	29.46%
3684.TWO	Grand-Tek Technology Co., Ltd.	1.25%	$0.80	29.94%
5819.KL	Hong Leong Bank Berhad	1.25%	$0.28	13.43%
600633.SS	Zhejiang Daily Digital Culture Group Co.,Ltd.	1.25%	$0.16	35.54%
600850.SS	CETC Digital Technology Co.,Ltd.	1.25%	$0.37	49.83%
603329.SS	Shanghai Ace Investment & Development Co., Ltd.	1.25%	$0.14	79.14%
603920.SS	Olympic Circuit Technology Co., Ltd	1.25%	$0.61	53.40%
6632.T	JVCKENWOOD Corporation	1.25%	$15.03	12.26%
9717.T	JASTEC Co., Ltd.	1.25%	$24.25	22.00%
9719.T	SCSK Corporation	1.25%	$70.95	36.13%
ENTER.AT	Entersoft S.A.	1.25%	$0.10	20.30%
ETN	Eaton Corporation plc	1.25%	$4.08	40.54%
IRFC.BO	Indian Railway Finance Corporation Limited	1.25%	$1.60	30.59%
LVC.WA	LiveChat Software S.A.	1.25%	$1.46	20.71%
ORSTED.CO	Ørsted A/S	1.25%	$1.60	10.19%
000514.SZ	Chongqing Yukaifa Co., Ltd	1.24%	$0.06	55.20%
002346.SZ	Shanghai Zhezhong Group Co.,Ltd	1.24%	$0.25	18.48%
002748.SZ	Jiangxi Selon Industrial Co., Ltd.	1.24%	$0.16	89.09%
1976.T	MEISEI INDUSTRIAL Co.,Ltd.	1.24%	$21.03	12.53%
300763.SZ	Ginlong Technologies Co., Ltd.	1.24%	$0.88	39.17%
600871.SS	Sinopec Oilfield Service Corporation	1.24%	$0.03	81.02%
603585.SS	Suli Co., Ltd.	1.24%	$0.23	35.70%
605116.SS	Aurisco Pharmaceutical Co.,Ltd.	1.24%	$0.31	29.49%
ALWED.PA	Wedia S.A.	1.24%	$0.38	21.38%
MNC.WA	Mennica Polska S.A.	1.24%	$0.60	6.22%
MTHH.CO	MT Højgaard Holding A/S	1.24%	$6.49	19.74%
WALL-B.ST	Wallenstam AB (publ)	1.24%	$0.51	17.40%
WRT1V.HE	Wärtsilä Oyj Abp	1.24%	$0.38	40.46%
041830.KQ	InBody Co.,Ltd	1.23%	$400.00	16.47%
0QHK.L	SeSa S.p.A.	1.23%	$1.12	27.54%
0Y5C.L	Allegion plc	1.23%	$1.99	26.83%
300726.SZ	Zhuzhou Hongda Electronics Corp.,Ltd.	1.23%	$0.63	74.98%
300916.SZ	Shenzhen Longtech Smart Control Co., Ltd.	1.23%	$0.40	42.79%
4148.TW	All Cosmos Bio-Tech Holding Corporation	1.23%	$0.48	23.21%
544.SI	CSE Global Limited	1.23%	$0.01	26.84%
600104.SS	SAIC Motor Corporation Limited	1.23%	$0.19	75.02%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

3M Company (MMM)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener