Market Pulse50Neutral

3M CompanyOpportunity Rank #276(MMM) Intrinsic Value & DCF Analysis (2026)

Sector: Industrials

Current Price

$146.56

Last updated: Mar 24, 2026

Price vs Intrinsic Value

$146.56
Price
$62.61
Intrinsic Value
Overvalued by 57%MOS: $50.09

Fundamental Score

28/100
Bearish

Weighted across 6 signals

Narrative Score

55/100
Improving

No change vs previous

The intrinsic value of 3M Company (MMM) is estimated at $62.61 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $146.56, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes a -0.31% long-term growth rate and an 8.88% discount rate, reflecting expected future free cash flow and cost of capital.

The intrinsic value of 3M Company (MMM) is estimated at $62.61 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $146.56, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes a -0.31% long-term growth rate and an 8.88% discount rate, reflecting expected future free cash flow and cost of capital.

Valuation Details

$62.61
-57.28% downside
20% margin of safety: $50.09
Years: 10Growth Rate: -0.31%
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Capital Efficiency

Average Quarterly ROIC
7.95%
Cost of Capital (estimated)11%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

28/100
BearishWeighted across 6 signals
DCF Discount
57.3% premium to price
0
FCF Yield
4.2% trailing FCF yield
54
ROIC vs WACC
ROIC 8.0% vs WACC 11.0% (0.7x)
36
Net Debt / FCF
2.1x net debt to FCF
26
Buybacks
Share count shrinking
80
FCF CAGR (5Y)
-12.9% 5Y FCF CAGR (adjusted)
0
Strengths: Buybacks. Concerns: DCF Discount, ROIC vs WACC.

Narrative Details

55/100
Improving
Vs 6-Month Baseline:Above Avg (74th pct)Weighted across 4 recent drivers
Trend: StableConfidence: 74%Updated: 1h ago
Sources: 27 (21 News · 6 Analyst)
Drivers(last 30 days)
18 news sentiment+0.5
3 regulatory scrutiny+0.0
Analyst downgrades-0.0
5 analyst reiterations0.0

Investment Coach

Updated 18h ago
AVOIDConfidence: 83%
Thesis
3M Company is currently overvalued with its market price significantly above the estimated fair value, reflecting weak fundamentals and returns that do not cover its cost of capital. Despite a stable and improving narrative trend, the company's financial performance remains bearish with negative ROIC spread and declining free cash flow growth.
Key Risk
The primary risk is that the company's returns continue to lag its weighted average cost of capital, potentially leading to sustained value erosion.
Signals To Watch
  • Price moves to at least a mid-teens discount to fair value
  • Sustained improvement in ROIC versus WACC spread
  • Meaningful shifts in the narrative score direction
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Historical Growth Rates
Free Cash Flow- - -Trend CAGR: -0.31%5 Year CAGR (Adjusted): -12.12%

Free Cash Flow (in millions)

TTM20252024202320222021202020192018201720162015201420132012201120102009200820072006
$3,216$3,216$3,000$8,295$7,340$9,057$9,614$8,769$8,016$7,613$8,082$7,881$8,119$7,482$6,784$6,663$6,265$5,844$6,004$5,697$5,007

How Intrinziq Estimates Fair Value

Intrinziq estimates 3M Company's intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

3M CompanyIndustrials

3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment tapes, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. The Healthcare segment offers food safety indicator solutions; health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. The Consumer segment provides consumer bandages, braces, supports and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. The company was founded in 1902 and is based in St. Paul, Minnesota.