Marsh & McLennan Companies, Inc.

Marsh & McLennan Companies, Inc.

MMCยทNYSE

$182.70

-1.6%
Financial ServicesInsurance - Brokers

Marsh & McLennan Companies, Inc., a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services. This segment serves businesses, public entities, insurance companies, associations, professional services organizations, and private clients. The Consulting segment provides health, wealth, and career consulting services and products; and specialized management, as well as economic and brand consulting services. Marsh & McLennan Companies, Inc. was founded in 1871 and is headquartered in New York, New York.

At a Glance

Live Snapshot
Market Cap$89.82B
EPS8.2500
P/E Ratio22.15
Earnings Date01/29/2026
Marsh & McLennan Companies, Inc.

Marsh & McLennan Companies, Inc. Fair Value Envelope

MMC ยท NYSE

Our analysis suggests that MMC has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $182.7, this represents a potential HIDDEN relative to our calculated worth for Marsh & McLennan Companies, Inc..

Intrinsic Value
Current Price: $182.7

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$82.4B
+ Cash & Equivalents$2.4B
Firm Value$84.8B
- Debt$21.9B
Equity Value$63.0B
/ Shares Outstanding492,002,384B
DCF Value$128
OVERVALUED BY 30%

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
$4.5B
$4.6B
$4.8B
$5.0B
$5.2B
$5.4B
$5.6B
$5.8B
$6.0B
$6.2B
Maintenance CapEx
-$65.6M
-$68.0M
-$70.6M
-$73.2M
-$76.0M
-$78.8M
-$81.8M
-$84.8M
-$88.0M
-$91.3M
Owner Earnings
$4.4B
$4.6B
$4.7B
$4.9B
$5.1B
$5.3B
$5.5B
$5.7B
$5.9B
$6.1B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$4.1B
$3.9B
$3.8B
$3.6B
$3.5B
$3.3B
$3.2B
$3.1B
$3.0B
$2.8B
Terminal Value represents 58.5% of Enterprise Value