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McCormick Company Financial Statements Trends from 2010 to 2020

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MKC -- USA Stock  

Fiscal Quarter End: February 29, 2020  

We have found one hundred twelve available fundamental measures for McCormick Company which can be analyzed and compared to other ratios and to its peers in the sector. Make sure you check all of McCormick Company latest market performance against the performance between 2010 and 2020 to make sure the company can sustain itself for the next two years. McCormick Company Interest Coverage is expected to slightly drop based on the last few years of reporting. The last year's Interest Coverage was at 6.67. The current year Calculated Tax Rate is expected to grow to 23.79, whereas Net Income Per Employee is expected to decline to about 47 K. Check McCormick Company fundamental indicators over time to gain insight into the future company performance. Apply historical fundamental analysis to find patterns among financial statement drivers such as Direct Expenses of 2.6 B, Consolidated Income of 660.7 M or Cost of Revenue of 3.4 B, as well as many exotic indicators such as Interest Coverage of 8.97, Long Term Debt to Equity of 0.8389 or Calculated Tax Rate of 23.79. This can be a perfect complement to check McCormick Company Valuation or Volatility. It can also complement various McCormick Company Technical models. Additionally see the analysis of McCormick Company Correlation with competitors.
Revenues

McCormick Company Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets4.6 B11.9 B6.6 B
Increasing
Slightly volatile
Cash and Equivalents155.4 M178.7 M114.8 M
Increasing
Slightly volatile
Investments428.6 M458.3 M366.7 M
Increasing
Slightly volatile
Investments Non Current428.6 M458.3 M366.7 M
Increasing
Slightly volatile
Property Plant and Equipment Net956.5 M1.1 B750.9 M
Increasing
Slightly volatile
Inventory874.5 M921.4 M737 M
Increasing
Slightly volatile
Trade and Non Trade Receivables574.4 M578.3 M497.2 M
Increasing
Slightly volatile
Trade and Non Trade Payables784.3 M973.9 M568.3 M
Increasing
Slightly volatile
Goodwill and Intangible Assets9.1 B8.5 B4.7 B
Increasing
Slightly volatile
Total Liabilities6.4 B7.9 B4.7 B
Increasing
Slightly volatile
Shareholders Equity3.3 BB2.4 B
Increasing
Slightly volatile
Accumulated Retained Earnings Deficit1.9 B2.4 B1.3 B
Increasing
Slightly volatile
Accumulated Other Comprehensive Income(462 M)(450.2 M)(291.8 M)
Decreasing
Slightly volatile
Current Assets1.4 B1.8 B1.4 B
Increasing
Slightly volatile
Assets Non Current10.9 B10.1 B5.9 B
Increasing
Slightly volatile
Current Liabilities1.4 B2.5 B1.5 B
Increasing
Slightly volatile
Liabilities Non Current5.9 B5.5 B3.2 B
Increasing
Slightly volatile
Tax Liabilities795.4 M802.2 M416 M
Increasing
Slightly volatile
Total Debt4.3 BB2.8 B
Increasing
Slightly volatile
Debt Current866.6 M803.2 M484.1 M
Increasing
Slightly volatile
Debt Non Current4.5 B4.2 B2.4 B
Increasing
Slightly volatile
Shareholders Equity USD3.3 BB2.4 B
Increasing
Slightly volatile
Cash and Equivalents USD148.4 M178.7 M114.2 M
Increasing
Slightly volatile
Total Debt USD5.4 BB2.9 B
Increasing
Slightly volatile
Accounts Payable606 M762.2 M533.2 M
Increasing
Slightly volatile
Receivables438.9 M452.6 M475.4 M
Increasing
Stable
Inventories671.9 M721.1 M702.2 M
Increasing
Slightly volatile

McCormick Company Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues5.3 B6.1 B4.7 B
Increasing
Slightly volatile
Cost of Revenue3.4 B3.7 B2.8 B
Increasing
Slightly volatile
Selling General and Administrative Expense1.3 B1.3 B1.1 B
Increasing
Slightly volatile
Operating Expenses1.3 B1.4 B1.2 B
Increasing
Slightly volatile
Interest Expense205 M190 M104.6 M
Increasing
Slightly volatile
Income Tax Expense122.4 M141.7 M113.8 M
Decreasing
Stable
Consolidated Income660.7 M761.1 M515.5 M
Increasing
Slightly volatile
Net Income702.7 M761.1 M519.4 M
Increasing
Slightly volatile
Net Income Common Stock660.7 M761.1 M515.5 M
Increasing
Slightly volatile
Weighted Average Shares123.6 M119.6 M128.9 M
Decreasing
Slightly volatile
Weighted Average Shares Diluted157.6 M154.2 M136.2 M
Increasing
Slightly volatile
Earning Before Interest and Taxes EBIT966.7 M1.1 B735.6 M
Increasing
Slightly volatile
Revenues USD5.7 B6.1 B4.7 B
Increasing
Slightly volatile
Net Income Common Stock USD660.7 M761.1 M515.5 M
Increasing
Slightly volatile
Earning Before Interest and Taxes USD966.7 M1.1 B735.6 M
Increasing
Slightly volatile
Gross Profit2.1 B2.5 B1.9 B
Increasing
Slightly volatile
Operating Income947.4 M1.1 B725.9 M
Increasing
Slightly volatile
Direct Expenses2.6 B2.9 B2.6 B
Increasing
Slightly volatile

McCormick Company Cash Flow Statement

Trends Matrix
Current ValueLast YearHistorical Average 10 Year Trend
Capital Expenditure(168.7 M)(156.3 M)(140.9 M)
Decreasing
Slightly volatile
Net Cash Flow Business Acquisitions and Disposals(4.1 M)(3.8 M)(473.9 M)
Decreasing
Very volatile
Net Cash Flow from Financing(856.6 M)(834.7 M)(113.1 M)
Decreasing
Very volatile
Issuance Repayment of Debt Securities (480 M)(467.7 M)156.1 M
Decreasing
Very volatile
Issuance Purchase of Equity Shares(5.2 M)(4.8 M)(23.1 M)
Increasing
Stable
Payment of Dividends and Other Cash Distributions (293.5 M)(272 M)(224 M)
Decreasing
Slightly volatile
Net Cash Flow from Investing(166.1 M)(153.9 M)(575.1 M)
Decreasing
Very volatile
Net Cash Flow from Operations946.8 M1.1 B700.6 M
Increasing
Slightly volatile
Effect of Exchange Rate Changes on Cash 8.5 M7.9 M578.7 K
Increasing
Stable
Net Cash Flow or Change in Cash and Cash Equivalents73 M67.6 M22.1 M
Increasing
Slightly volatile
Share Based Compensation34.4 M42.8 M25.3 M
Increasing
Slightly volatile
Depreciation Amortization and Accretion161.8 M182.6 M127.2 M
Increasing
Slightly volatile

Fundamental Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share5.346.14.1952
Increasing
Slightly volatile
Earnings per Diluted Share5.246.034.1445
Increasing
Slightly volatile
Earnings per Basic Share USD5.346.14.1952
Increasing
Slightly volatile
Dividends per Basic Common Share2.262.621.7707
Increasing
Slightly volatile
Return on Average Equity0.00210.22310.2041
Decreasing
Slightly volatile
Return on Average Assets6.0E-40.05760.0732
Decreasing
Slightly volatile
Return on Invested Capital0.18330.16380.2132
Decreasing
Slightly volatile
Gross Margin0.36070.36090.3951
Decreasing
Slightly volatile
Profit Margin0.00130.14260.0986
Increasing
Very volatile
EBITDA Margin0.23160.24610.1875
Increasing
Slightly volatile
Return on Sales0.19790.21160.1595
Increasing
Slightly volatile
Asset Turnover0.60940.46710.7784
Decreasing
Slightly volatile
Payout Ratio0.5070.49450.4472
Increasing
Stable
Enterprise Value over EBITDA23.9727.1419.3073
Increasing
Slightly volatile
Enterprise Value over EBIT27.7631.0522.6194
Increasing
Slightly volatile
Price to Earnings Ratio31.1536.7225.6347
Increasing
Slightly volatile
Sales per Share43.1346.2735.7569
Increasing
Slightly volatile
Price to Sales Ratio4.054.842.9895
Increasing
Slightly volatile
Price to Book Value6.37.515.8007
Increasing
Slightly volatile
Debt to Equity Ratio1252.3113.0785
Increasing
Slightly volatile
Dividend Yield0.01440.01170.0177
Decreasing
Slightly volatile
Current Ratio0.720.6480.961
Decreasing
Slightly volatile
Free Cash Flow per Share1.176.693.8101
Increasing
Slightly volatile
Book Value per Share24.6729.818.3742
Increasing
Slightly volatile
Tangible Assets Book Value per Share24.0726.0419.8582
Increasing
Slightly volatile
Total Assets Per Share56.4570.1750.8516
Increasing
Slightly volatile
Cash Flow Per Share5.36.414.9979
Increasing
Slightly volatile
Return on Investment17.6614.0917.078
Decreasing
Slightly volatile
Operating Margin21.3416.1215.592
Increasing
Slightly volatile
Calculated Tax Rate23.7922.120.6267
Decreasing
Stable
Receivables Turnover8.879.439.2677
Increasing
Slightly volatile
Inventory Turnover4.654.643.9452
Increasing
Slightly volatile
PPandE Turnover7.286.356.7664
Decreasing
Slightly volatile
Cash and Equivalents Turnover55.7448.8150.2625
Decreasing
Slightly volatile
Accounts Payable Turnover9.957.99.7189
Decreasing
Slightly volatile
Accrued Expenses Turnover10.129.788.8035
Increasing
Stable
Interest Coverage8.976.679.0332
Decreasing
Slightly volatile
Long Term Debt to Equity0.83890.94750.8386
Increasing
Slightly volatile
Quick Ratio0.43190.34730.4187
Decreasing
Slightly volatile
Net Current Assets as percentage of Total Assets(6.882)(6.7055)(0.2551)
Decreasing
Slightly volatile
Revenue to Assets0.78390.59350.7835
Decreasing
Slightly volatile

McCormick Company Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share5.346.14.1952
Increasing
Slightly volatile
Earnings per Diluted Share5.246.034.1445
Increasing
Slightly volatile
Earnings before Tax821.7 M942.1 M636.4 M
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.1 B1.3 B863.8 M
Increasing
Slightly volatile
Earnings per Basic Share USD5.346.14.1952
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD1.1 B1.3 B862.8 M
Increasing
Slightly volatile
Dividends per Basic Common Share2.262.621.7707
Increasing
Slightly volatile
Market Capitalization21.7 B25.9 B14.3 B
Increasing
Slightly volatile
Enterprise Value25.9 B31 B17.2 B
Increasing
Slightly volatile
Invested Capital4.8 B5.8 B3.7 B
Increasing
Slightly volatile
Average Equity3.2 B3.9 B2.4 B
Increasing
Slightly volatile
Average Assets9.4 B11.8 B6.8 B
Increasing
Slightly volatile
Invested Capital AverageB6.2 B3.7 B
Increasing
Slightly volatile
Tangible Asset Value3.2 B3.5 B2.6 B
Increasing
Slightly volatile
Return on Average Equity0.00210.22310.2041
Decreasing
Slightly volatile
Return on Average Assets6.0E-40.05760.0732
Decreasing
Slightly volatile
Free Cash Flow730.8 M889.1 M551.4 M
Increasing
Slightly volatile
Return on Invested Capital0.18330.16380.2132
Decreasing
Slightly volatile
Gross Margin0.36070.36090.3951
Decreasing
Slightly volatile
Profit Margin0.00130.14260.0986
Increasing
Very volatile
EBITDA Margin0.23160.24610.1875
Increasing
Slightly volatile
Return on Sales0.19790.21160.1595
Increasing
Slightly volatile
Asset Turnover0.60940.46710.7784
Decreasing
Slightly volatile
Payout Ratio0.5070.49450.4472
Increasing
Stable
Enterprise Value over EBITDA23.9727.1419.3073
Increasing
Slightly volatile
Enterprise Value over EBIT27.7631.0522.6194
Increasing
Slightly volatile
Price to Earnings Ratio31.1536.7225.6347
Increasing
Slightly volatile
Sales per Share43.1346.2735.7569
Increasing
Slightly volatile
Price to Sales Ratio4.054.842.9895
Increasing
Slightly volatile
Price to Book Value6.37.515.8007
Increasing
Slightly volatile
Debt to Equity Ratio1252.3113.0785
Increasing
Slightly volatile
Dividend Yield0.01440.01170.0177
Decreasing
Slightly volatile
Current Ratio0.720.6480.961
Decreasing
Slightly volatile
Working Capital(900 K)(543.8 M)(93.8 M)
Decreasing
Slightly volatile
Free Cash Flow per Share1.176.693.8101
Increasing
Slightly volatile
Book Value per Share24.6729.818.3742
Increasing
Slightly volatile
Tangible Assets Book Value per Share24.0726.0419.8582
Increasing
Slightly volatile
Total Assets Per Share56.4570.1750.8516
Increasing
Slightly volatile
Cash Flow Per Share5.36.414.9979
Increasing
Slightly volatile
Revenue Per Employee384.2 K388.1 K421.3 K
Decreasing
Slightly volatile
Net Income Per Employee47 K51 K48.7 K
Increasing
Slightly volatile
Return on Investment17.6614.0917.078
Decreasing
Slightly volatile
Operating Margin21.3416.1215.592
Increasing
Slightly volatile
Calculated Tax Rate23.7922.120.6267
Decreasing
Stable
Receivables Turnover8.879.439.2677
Increasing
Slightly volatile
Inventory Turnover4.654.643.9452
Increasing
Slightly volatile
PPandE Turnover7.286.356.7664
Decreasing
Slightly volatile
Cash and Equivalents Turnover55.7448.8150.2625
Decreasing
Slightly volatile
Accounts Payable Turnover9.957.99.7189
Decreasing
Slightly volatile
Accrued Expenses Turnover10.129.788.8035
Increasing
Stable
Interest Coverage8.976.679.0332
Decreasing
Slightly volatile
Long Term Debt to Equity0.83890.94750.8386
Increasing
Slightly volatile
Quick Ratio0.43190.34730.4187
Decreasing
Slightly volatile
Net Current Assets as percentage of Total Assets(6.882)(6.7055)(0.2551)
Decreasing
Slightly volatile
Revenue to Assets0.78390.59350.7835
Decreasing
Slightly volatile

McCormick Company Fundamental Market Drivers

Forward Price Earnings28.79
Shares Short Prior Month6.67M
Average Daily Volume Last 10 Day670.1k
Average Daily Volume In Three Month707.09k
Date Short InterestJanuary 15, 2020
Fifty Day Average167.35
Two Hundred Day Average164.38

McCormick Company Upcoming Events

Upcoming Quarterly Earning ReportMarch 24, 2020
Next Earnings ReportJune 25, 2020
Next Fiscal Quarter EndFebruary 29, 2020
Next Fiscal Year EndJanuary 26, 2021
Last Quarter Report DateNovember 30, 2019
Last Earning Anouncement DateFebruary 28, 2019