Added to YB: 2024-03-26
Pitch date: 2024-03-25
MMM [neutral]
3M Company
+101.31%
current return
Author Info
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Company Info
3M Company provides diversified technology services in the Americas, the Asia Pacific, Europe, the Middle East, Africa, and internationally.
Market Cap
$87.1B
Pitch Price
$83.90
Price Target
120.00 (-29%)
Dividend
1.78%
EV/EBITDA
14.62
P/E
26.19
EV/Sales
3.83
Sector
Industrial Conglomerates
Category
special_situation
Solventum (SOLV): Healthcare Spin-off from 3M (MMM) Expected in Early April
MMM: Healthcare spin-off (56% MedSurg, 16% Dental, 16% Health IT, 12% Filtration) at 10-12x EBITDA = $29-37/share. RemainCo at 8.5x = $81/share on weak growth but strong balance sheet. $110-120 sum-of-parts with upside if mgmt cuts dividend to fund M&A.
Read full article (4 min)