McCormick & Company, Incorporated

McCormick & Company, Incorporated

MKCยทNYSE

$46.29

-0.62%
Consumer DefensivePackaged Foods

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahinรฉ brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brands in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

At a Glance

Live Snapshot
Market Cap$12.44B
EPS2.9400
P/E Ratio15.74
Earnings Date06/25/2026
McCormick & Company, Incorporated

McCormick & Company, Incorporated Fair Value Envelope

MKC ยท NYSE

Our analysis suggests that MKC has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $46.29, this represents a potential HIDDEN relative to our calculated worth for McCormick & Company, Incorporated.

Intrinsic Value
Current Price: $46.29

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$40.6B
+ Cash & Equivalents$95.9M
Firm Value$40.7B
- Debt$4.0B
Equity Value$36.7B
/ Shares Outstanding268,498,077B
DCF Value$137
UNDERVALUED BY 196%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.1B
$1.3B
$1.4B
$1.7B
$1.9B
$2.2B
$2.5B
$2.8B
$3.2B
$3.7B
Maintenance CapEx
-$50.8M
-$58.1M
-$66.5M
-$76.1M
-$87.1M
-$99.6M
-$114.0M
-$130.5M
-$149.3M
-$170.8M
Owner Earnings
$1.1B
$1.2B
$1.4B
$1.6B
$1.8B
$2.1B
$2.4B
$2.7B
$3.1B
$3.5B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$972.5M
$1.0B
$1.1B
$1.2B
$1.2B
$1.3B
$1.4B
$1.5B
$1.5B
$1.6B
Terminal Value represents 68.5% of Enterprise Value