JM Smucker Financials

SJM Stock  USD 125.72  2.44  1.98%   
Based on the analysis of JM Smucker's profitability, liquidity, and operating efficiency, JM Smucker may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, JM Smucker's Net Debt is very stable compared to the past year. As of the 28th of March 2024, Retained Earnings is likely to grow to about 2.6 B, while Other Current Assets are likely to drop about 67.7 M. Key indicators impacting JM Smucker's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.270.54
Way Down
Pretty Stable
Operating Income1.4 B1.3 B
Sufficiently Up
Slightly volatile
Current Ratio2.551.65
Way Up
Slightly volatile
The financial analysis of JM Smucker is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for JM Smucker includes many different criteria found on its balance sheet. For example, investors should never minimize JM Smucker's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor JM Smucker's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in JM Smucker.

Cash And Equivalents

791.88 Million

With this module, you can analyze SJM financials for your investing period. You should be able to track the changes in JM Smucker individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past JM Smucker Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of JM Smucker's financial statements are interrelated, with each one affecting the others. For example, an increase in JM Smucker's assets may result in an increase in income on the income statement.
Evaluating JM Smucker's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of JM Smucker's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the JM Smucker's relative financial performance

Chance Of Distress

Less than 23

 
100  
 
Zero
Low
JM Smucker has less than 23 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for JM Smucker stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, JM Smucker's odds of distress score SHOULD NOT be confused with the real chance of JM Smucker filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as SJM is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include JM Smucker's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in JM Smucker's official financial statements usually reflect JM Smucker's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of JM Smucker. For example, before you start analyzing numbers published by SJM accountants, it's critical to develop an understanding of what JM Smucker's liquidity, profitability, and earnings quality are in the context of the Food Products space in which it operates.
Please note, the presentation of JM Smucker's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, JM Smucker's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in JM Smucker's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of JM Smucker. Please utilize our Beneish M Score to check the likelihood of JM Smucker's management manipulating its earnings.

JM Smucker Company Summary

JM Smucker competes with Bunge, Altria, Philip Morris, and Everest Consolidator. Smucker Company manufactures and markets branded food and beverage products worldwide. Smucker Company was founded in 1897 and is headquartered in Orrville, Ohio. JM Smucker operates under Packaged Foods classification in the United States and is traded on New York Stock Exchange. It employs 6700 people.
Foreign Associate
  Germany
Specialization
Consumer Defensive, Food, Beverage & Tobacco
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CIK Number0000091419
ISINUS8326964058
CUSIP832696405 832696306 832696108
RegionNorth America
LocationOhio; U.S.A
Business AddressOne Strawberry Lane,
SectorFood Products
IndustryConsumer Staples
BenchmarkNYSE Composite
Websitewww.jmsmucker.com
Phone330 682 3000
CurrencyUSD - US Dollar
You should never invest in JM Smucker without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of SJM Stock, because this is throwing your money away. Analyzing the key information contained in JM Smucker's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

JM Smucker Key Financial Ratios

Generally speaking, JM Smucker's financial ratios allow both analysts and investors to convert raw data from JM Smucker's financial statements into concise, actionable information that can be used to evaluate the performance of JM Smucker over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that JM Smucker reports annually and quarterly.

JM Smucker Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets17.0B16.3B16.1B15.0B17.2B18.1B
Other Current Liab557.1M598.5M579.5M594.1M683.2M717.4M
Net Debt5.2B4.4B4.3B3.7B4.2B4.4B
Retained Earnings2.7B2.8B2.9B2.1B2.5B2.6B
Cash391.1M334.3M169.9M655.8M754.2M791.9M
Net Receivables551.4M533.7M524.7M597.6M687.2M721.6M
Inventory895.3M959.9M1.1B1.0B1.2B1.2B
Other Current Assets134.9M113.8M226.2M107.7M123.9M67.7M
Total Liab8.8B8.2B7.9B7.7B8.9B9.3B
Total Current Assets2.0B1.9B2.0B2.9B3.3B3.5B
Short Term Debt248M1.2B180M33.2M38.2M36.3M
Intangible Assets6.4B6.0B5.7B4.4B5.1B5.3B
Accounts Payable782M1.0B1.2B1.4B1.6B1.7B
Good Will6.3B6.0B6.0B5.2B6.0B6.3B
Other Liab1.7B1.8B1.7B1.3B1.5B903.2M
Other Assets107.8M276.2M245.2M120M138M111.8M
Long Term Debt5.4B3.5B4.3B4.3B5.0B5.2B
Net Tangible Assets8.2B8.1B(3.5B)7.3B8.4B5.5B
Long Term Debt Total5.4B3.5B4.3B4.3B5.0B4.2B
Capital Surpluse5.8B5.5B5.5B5.4B6.2B5.8B

JM Smucker Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what JM Smucker's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Total Revenue7.8B8.0B8.0B8.5B9.8B10.3B
Gross Profit3.0B3.1B2.7B2.8B3.2B3.4B
Operating Income1.2B1.4B1.0B1.2B1.3B1.4B
Ebit1.2B1.4B1.0B1.2B1.3B1.4B
Ebitda1.7B1.8B1.6B1.6B1.8B1.9B
Cost Of Revenue4.8B4.9B5.3B5.7B6.6B6.9B
Income Before Tax1.0B1.2B843.8M(9.2M)(10.6M)(10.1M)
Net Income779.5M876.3M631.7M(91.3M)(105.0M)(99.7M)
Income Tax Expense247.2M295.6M212.1M82.1M94.4M100.8M
Interest Expense189.2M177.1M160.9M152M174.8M183.5M
Non Recurring68.9M24.5M158.4M4.7M5.4M5.1M
Tax Provision247.2M295.6M212.1M82.1M94.4M158.9M
Interest Income189.2M177.1M160.9M152M136.8M139.5M
Net Interest Income(189.2M)(177.1M)(160.9M)(152M)(174.8M)(183.5M)

JM Smucker Key Cash Accounts

Cash flow analysis captures how much money flows into and out of JM Smucker. It measures of how well SJM is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money JM Smucker brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money SJM had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what JM Smucker has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory12.6M(110.4M)(178.7M)(134.6M)(121.1M)(115.1M)
Change In Cash289.8M(56.8M)(164.4M)485.9M558.8M586.7M
Free Cash Flow985.5M1.3B718.8M717M824.6M865.8M
Depreciation446.5M452.5M459.1M436.5M502.0M527.1M
Other Non Cash Items(189.5M)44.5M156M985.9M1.1B1.2B
Dividends Paid396.8M403.2M418.1M430.2M494.7M519.5M
Capital Expenditures269.3M306.7M417.5M471M541.7M568.7M
Net Income779.5M876.3M631.7M(91.3M)(105.0M)(99.7M)
End Period Cash Flow391.1M334.3M169.9M655.8M754.2M791.9M
Change To Netincome102.8M34.6M140.2M815.6M937.9M984.8M
Investments(271.5M)311.1M(355.5M)262.6M236.3M248.2M
Change Receivables(49.1M)22M7.5M(74.8M)(67.3M)(64.0M)
Net Borrowings(287.6M)(866.4M)(261.8M)(185.9M)(167.3M)(158.9M)

SJM Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining JM Smucker's current stock value. Our valuation model uses many indicators to compare JM Smucker value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across JM Smucker competition to find correlations between indicators driving JM Smucker's intrinsic value. More Info.
JM Smucker is rated fifth in net income category among related companies. It is rated fourth in cash flow from operations category among related companies . JM Smucker reported last year Net Loss of (105 Million). Comparative valuation analysis is a catch-all model that can be used if you cannot value JM Smucker by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for JM Smucker's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the JM Smucker's earnings, one of the primary drivers of an investment's value.

JM Smucker Systematic Risk

JM Smucker's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. JM Smucker volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on JM Smucker correlated with the market. If Beta is less than 0 JM Smucker generally moves in the opposite direction as compared to the market. If JM Smucker Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one JM Smucker is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of JM Smucker is generally in the same direction as the market. If Beta > 1 JM Smucker moves generally in the same direction as, but more than the movement of the benchmark.

About JM Smucker Financials

What exactly are JM Smucker Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include JM Smucker's income statement, its balance sheet, and the statement of cash flows. Potential JM Smucker investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although JM Smucker investors may use each financial statement separately, they are all related. The changes in JM Smucker's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on JM Smucker's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze JM Smucker Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as JM Smucker is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of SJM has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if JM Smucker's financials are consistent with your investment objective using the following steps:
  • Review JM Smucker's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand JM Smucker's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare JM Smucker's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if JM Smucker's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

JM Smucker Thematic Clasifications

JM Smucker is part of Food Products investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Food Products industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
Food ProductsView
This theme covers USA Equities from Food Products industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in JM Smucker Stock are looking for potential investment opportunities by analyzing not only static indicators but also various JM Smucker's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of JM Smucker growth as a starting point in their analysis.

Price Earnings To Growth Ratio

1.22

At this time, JM Smucker's Price Earnings To Growth Ratio is very stable compared to the past year.

JM Smucker March 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of JM Smucker help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of JM Smucker. We use our internally-developed statistical techniques to arrive at the intrinsic value of JM Smucker based on widely used predictive technical indicators. In general, we focus on analyzing SJM Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build JM Smucker's daily price indicators and compare them against related drivers.
When determining whether JM Smucker is a strong investment it is important to analyze JM Smucker's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact JM Smucker's future performance. For an informed investment choice regarding SJM Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in JM Smucker. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.
To learn how to invest in SJM Stock, please use our How to Invest in JM Smucker guide.
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When running JM Smucker's price analysis, check to measure JM Smucker's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy JM Smucker is operating at the current time. Most of JM Smucker's value examination focuses on studying past and present price action to predict the probability of JM Smucker's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JM Smucker's price. Additionally, you may evaluate how the addition of JM Smucker to your portfolios can decrease your overall portfolio volatility.
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Is JM Smucker's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of JM Smucker. If investors know SJM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about JM Smucker listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.42)
Dividend Share
4.2
Earnings Share
(0.83)
Revenue Per Share
78.902
Quarterly Revenue Growth
0.006
The market value of JM Smucker is measured differently than its book value, which is the value of SJM that is recorded on the company's balance sheet. Investors also form their own opinion of JM Smucker's value that differs from its market value or its book value, called intrinsic value, which is JM Smucker's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because JM Smucker's market value can be influenced by many factors that don't directly affect JM Smucker's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between JM Smucker's value and its price as these two are different measures arrived at by different means. Investors typically determine if JM Smucker is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JM Smucker's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.