McCormick & Company, Incorporated
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
21.9227.3824.4427.1321.1431.9333.3330.3733.4925.5626.1121.14
Price/Sales ratio
2.262.552.612.683.724.194.443.633.592.613.094.19
Price/Book Value ratio
5.356.587.095.066.226.516.345.204.883.433.816.51
Price/Cash Flow ratio
19.0618.6417.5415.8924.0223.7023.9227.6935.0614.0619.8923.70
Price/Free Cash Flow ratio
25.8823.8222.8920.4730.2529.0330.5341.6858.6517.8726.6929.03
Price/Earnings Growth ratio
1.46-3.851.2750.750.23-1.255.8828.34-3.26N/A14.620.23
Dividend Yield
2.00%1.86%1.88%1.83%1.38%1.34%1.32%1.58%1.73%2.40%1.63%1.38%
Profitability Indicator Ratios
Gross Profit Margin
40.77%40.43%41.52%41.58%39.39%40.11%41.06%39.48%35.81%37.56%38.46%40.11%
Operating Profit Margin
14.21%12.76%14.53%14.53%16.80%17.90%17.84%16.06%13.59%14.45%15.80%17.90%
Pretax Profit Margin
13.06%11.54%13.35%12.30%13.97%15.31%15.73%14.17%12.79%11.98%13.35%15.31%
Net Profit Margin
10.32%9.34%10.70%9.87%17.60%13.14%13.34%11.95%10.73%10.21%11.86%13.14%
Effective Tax Rate
26.31%26.46%25.96%25.43%-21.21%19.21%19.84%21.51%20.74%21.84%19.49%-21.21%
Return on Assets
9.92%8.90%10.18%4.59%9.10%6.78%6.18%5.85%5.19%5.29%6.00%6.78%
Return On Equity
24.43%24.04%29.03%18.64%29.43%20.40%19.03%17.12%14.57%13.44%15.06%20.40%
Return on Capital Employed
18.31%16.78%19.94%8.32%10.79%11.66%11.05%10.48%8.91%9.86%10.49%11.66%
Liquidity Ratios
Current Ratio
1.261.130.990.830.730.710.68N/AN/AN/A0.710.71
Quick Ratio
0.620.560.460.420.340.340.340.310.300.280.310.34
Cash ratio
0.060.090.080.090.040.070.130.100.090.050.060.04
Days of Sales Outstanding
42.4538.6738.4841.9135.6634.3234.4331.7432.9732.1836.1235.66
Days of Inventory outstanding
103.67101.38107.00102.5389.3091.32114.18112.87120.0098.84110.3589.30
Operating Cycle
146.13140.05145.49144.45124.96125.65148.61144.61152.97131.03146.47124.96
Days of Payables Outstanding
54.0458.7563.7882.7080.6396.53114.14101.59104.8698.21109.0480.63
Cash Conversion Cycle
92.0881.3081.7161.7444.3229.1134.4743.0248.1132.8137.4329.11
Debt Ratios
Debt Ratio
0.290.300.310.480.450.410.400.400.390.330.340.41
Debt Equity Ratio
0.710.830.881.961.481.251.241.191.100.850.841.25
Long-term Debt to Capitalization
0.360.380.390.630.560.510.480.470.430.390.380.51
Total Debt to Capitalization
0.410.450.470.660.590.550.550.540.520.450.450.55
Interest Coverage Ratio
12.2311.4411.727.995.395.927.51N/AN/AN/A5.045.92
Cash Flow to Debt Ratio
0.390.420.450.160.170.210.210.150.120.280.220.17
Company Equity Multiplier
2.462.692.854.053.233.003.072.922.802.542.433.00
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.110.130.140.160.150.170.180.130.100.180.150.15
Free Cash Flow / Operating Cash Flow Ratio
0.730.780.760.770.790.810.780.660.590.780.740.81
Cash Flow Coverage Ratio
0.390.420.450.160.170.210.210.150.120.280.220.17
Short Term Coverage Ratio
1.851.721.671.391.271.350.900.630.431.150.831.35
Dividend Payout Ratio
43.93%51.02%46.11%49.76%29.29%43.00%44.16%48.10%58.16%61.48%55.89%29.29%