McCormick Company Financials
| MKC Etf | USD 72.44 0.17 0.24% |
Operating Margin 0.1496 | PE Ratio 27.4046 | Profit Margin 0.1056 | Payout Ratio 0.5934 | Short Ratio 2.31 |
McCormick |
The data published in McCormick Company's official financial statements usually reflect McCormick Company'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 McCormick rporated. For example, before you start analyzing numbers published by McCormick accountants, it's critical to develop an understanding of what McCormick Company's liquidity, profitability, and earnings quality are in the context of the Food Products space in which it operates.
Please note, the presentation of McCormick Company'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, McCormick Company's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in McCormick Company's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of McCormick Company Incorporated. Please utilize our Beneish M Score to check the likelihood of McCormick Company's management manipulating its earnings.
McCormick Company Etf Summary
McCormick Company competes with ConAgra Foods, Campbell Soup, Kellanova, General Mills, and Hormel Foods. McCormick Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. Mccormick is listed under Packaged Foods in the United States and is traded on New York Stock Exchange exchange.Specialization | Consumer Defensive, Food, Beverage & Tobacco |
| Instrument | USA Etf View All |
| Exchange | New York Stock Exchange |
| ISIN | US5797802064 |
| CUSIP | 579780206 |
| Region | Others |
| Investment Issuer | Others |
| Location | Maryland; U.S.A |
| Business Address | 24 Schilling Road, |
| Etf Family | Food Products |
| Fund Category | Others |
| Portfolio Concentration | Others |
| Benchmark | NYSE Composite |
| Website | www.mccormickcorporation.com |
| Phone | 410 771 7301 |
| Currency | USD - US Dollar |
You should never invest in McCormick Company without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of McCormick Etf, because this is throwing your money away. Analyzing the key information contained in McCormick Company's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
McCormick Company Key Financial Ratios
Generally speaking, McCormick Company's financial ratios allow both analysts and investors to convert raw data from McCormick Company's financial statements into concise, actionable information that can be used to evaluate the performance of McCormick Company 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 McCormick rporated reports annually and quarterly.| Return On Equity | 0.14 | ||||
| Return On Asset | 0.0501 | ||||
| Target Price | 76.72 |
McCormick Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining McCormick Company's current stock value. Our valuation model uses many indicators to compare McCormick Company value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across McCormick Company competition to find correlations between indicators driving McCormick Company's intrinsic value. More Info.McCormick Company Incorporated is regarded second largest ETF in price to earning as compared to similar ETFs. It is regarded third largest ETF in price to book as compared to similar ETFs fabricating about 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for McCormick Company Incorporated is roughly 9.01 . Comparative valuation analysis is a catch-all model that can be used if you cannot value McCormick Company by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for McCormick Company's Etf. 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 McCormick Company's earnings, one of the primary drivers of an investment's value.McCormick rporated Systematic Risk
McCormick Company's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. McCormick Company 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 McCormick rporated correlated with the market. If Beta is less than 0 McCormick Company generally moves in the opposite direction as compared to the market. If McCormick Company Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one McCormick rporated is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of McCormick Company is generally in the same direction as the market. If Beta > 1 McCormick Company moves generally in the same direction as, but more than the movement of the benchmark.
About McCormick Company Financials
What exactly are McCormick Company 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 McCormick Company's income statement, its balance sheet, and the statement of cash flows. Potential McCormick Company investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although McCormick Company investors may use each financial statement separately, they are all related. The changes in McCormick Company's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on McCormick Company'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 McCormick Company 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 McCormick Company 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 McCormick 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 McCormick Company's financials are consistent with your investment objective using the following steps:- Review McCormick Company'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 McCormick Company'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 McCormick Company'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 McCormick Company's stock is overvalued or undervalued.
McCormick Company Thematic Clasifications
McCormick Company Incorporated is part of several thematic ideas from Dividend Beast to Food Products. 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. Get More Thematic IdeasMcCormick Company April 18, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of McCormick Company help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of McCormick Company Incorporated. We use our internally-developed statistical techniques to arrive at the intrinsic value of McCormick Company Incorporated based on widely used predictive technical indicators. In general, we focus on analyzing McCormick Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build McCormick Company's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.0524 | |||
| Maximum Drawdown | 13.11 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.89 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McCormick Company Incorporated. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
The market value of McCormick rporated is measured differently than its book value, which is the value of McCormick that is recorded on the company's balance sheet. Investors also form their own opinion of McCormick Company's value that differs from its market value or its book value, called intrinsic value, which is McCormick Company'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 McCormick Company's market value can be influenced by many factors that don't directly affect McCormick Company'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 McCormick Company's value and its price as these two are different measures arrived at by different means. Investors typically determine if McCormick Company is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McCormick Company'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.