Discounted Cash Flow

3M Co.

MMM · Based on 10 years of SEC filings

DCF estimate unavailable — loss_in_2023

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $30.1b $5.0b $5.3b 16.8% $8.35
2017 $31.7b (5.1%) $4.9b (-3.8%) $4.1b (-22.2%) 15.3% (-8.5%) $8.13 (-2.6%)
2018 $32.8b (3.5%) $5.3b (10.1%) $4.6b (12.8%) 16.3% (6.4%) $9.09 (11.8%)
2019 $32.1b (-1.9%) $4.6b (-14.6%) $5.4b (17.9%) 14.2% (-12.9%) $7.92 (-12.9%)
2020 $32.2b (0.1%) $5.4b (17.8%) $6.5b (20.2%) 16.7% (17.6%) $9.32 (17.7%)
2021 $35.4b (9.9%) $5.9b (10.0%) $5.3b (-19.6%) 16.7% (0.1%) $10.23 (9.8%)
2022 $34.2b (-3.2%) $5.8b (-2.4%) $4.3b (-17.3%) 16.9% (0.8%) $10.21 (-0.2%)
2023 $32.7b (-4.5%) $-7.0b (-221.1%) $5.2b (20.1%) -21.4% (-226.8%) $-12.63 (-223.7%)
2024 $24.6b (-24.8%) $4.2b (159.7%) $-2.3b (-144.8%) 17.0% (179.3%) $7.58 (160.0%)
2025 $24.9b (1.5%) $3.2b (-22.1%) $1.0b (142.9%) 13.0% (-23.3%) $6.05 (-20.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

loss_in_2023

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.