Intrinsic value of McCormick & Company, Incorporated (MKC)

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$186.48

STOCK VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate, %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Revenue / Adjusted assets

Based on fiscal year data as of 2019-11-30 and quarterly data as of 2020-08-31.

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Premium membership allows you to recalculate the intrinsic value for different input parameters.

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  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

COMPANY DESCRIPTION: McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts. This segment markets its products under the McCormick, French, Frank's RedHot, Lawry's, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brand names in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brand names in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors or wholesalers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2019(a)2020202120222023202420252026202720282029203020312032203320342035203620372038203920402041204220432044

INCOME STATEMENT

Revenue growth rate, %0.8NaN
Revenue, $5347.4NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m4389.7002999999995NaN
Operating income, $m957.6997NaN
EBITDA, $m1116.4997NaN
Interest expense (income), $mNaN
Earnings before tax, $m860.1NaN
Tax expense, $m157.4NaN
Net income, $m702.7NaN

BALANCE SHEET

Cash and short-term investments, $m155.4NaN
Total assets, $m10362.1NaN
Adjusted assets (=assets-cash), $m10206.7NaN
Average production assets, $m8324NaN
Working capital, $m-604.2NaN
Total debt, $m3723.5NaN
Total liabilities, $m6905.400000000001NaN
Total equity, $m3456.7NaN
Debt-to-equity ratio1.077NaN
Adjusted equity ratio0.333NaN

CASH FLOW

Net income, $m702.7NaN
Depreciation, amort., depletion, $m158.8NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m946.8NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-173.7NaN
Cash from investing activities, $mNaN
Free cash flow, $m1120.5NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow (-), $mNaN
Cash flow adjustment, $mNaN
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN