Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

J. M. Smucker

NYSE:SJM
Snowflake Description

Established dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SJM
NYSE
$13B
Market Cap
  1. Home
  2. US
  3. Food, Beverage & Tobacco
Company description

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. The last earnings update was 38 days ago. More info.


Add to Portfolio Compare Print
SJM Share Price and Events
7 Day Returns
9%
NYSE:SJM
5.3%
US Food
-2.8%
US Market
1 Year Returns
-3.6%
NYSE:SJM
-3.7%
US Food
-15.9%
US Market
SJM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
J. M. Smucker (SJM) 9% 2.1% 8.3% -3.6% -13.2% -3.8%
US Food 5.3% -7% -12.5% -3.7% -18.6% 8.8%
US Market -2.8% -18.8% -24% -15.9% 2.8% 13.3%
1 Year Return vs Industry and Market
  • SJM matched the Food industry (-3.7%) over the past year.
  • SJM outperformed the Market in United States of America which returned -15.9% over the past year.
Price Volatility
SJM
Industry
5yr Volatility vs Market

Value

 Is J. M. Smucker undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of J. M. Smucker to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for J. M. Smucker.

NYSE:SJM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:SJM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Food Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.569 (1 + (1- 21%) (44.83%))
0.846
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.846 * 5.44%)
6.34%

Discounted Cash Flow Calculation for NYSE:SJM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for J. M. Smucker is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NYSE:SJM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.34%)
2020 941.50 Analyst x6 885.36
2021 947.67 Analyst x6 838.01
2022 1,048.75 Analyst x4 872.10
2023 1,021.50 Analyst x2 798.78
2024 1,009.50 Est @ -1.17% 742.33
2025 1,006.47 Est @ -0.3% 695.97
2026 1,009.61 Est @ 0.31% 656.50
2027 1,017.09 Est @ 0.74% 621.93
2028 1,027.67 Est @ 1.04% 590.92
2029 1,040.52 Est @ 1.25% 562.63
Present value of next 10 years cash flows $7,264.00
NYSE:SJM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1,040.52 × (1 + 1.74%) ÷ (6.34% – 1.74%)
$23,006.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $23,006.28 ÷ (1 + 6.34%)10
$12,440.00
NYSE:SJM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $7,264.00 + $12,440.00
$19,704.00
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $19,704.00 / 114.04
$172.78
NYSE:SJM Discount to Share Price
Calculation Result
Value per share (USD) From above. $172.78
Current discount Discount to share price of $112.33
= -1 x ($112.33 - $172.78) / $172.78
35%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price J. M. Smucker is available for.
Intrinsic value
35%
Share price is $112.33 vs Future cash flow value of $172.78
Current Discount Checks
For J. M. Smucker to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • J. M. Smucker's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • J. M. Smucker's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for J. M. Smucker's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are J. M. Smucker's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:SJM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in USD $5.48
NYSE:SJM Share Price ** NYSE (2020-04-03) in USD $112.33
United States of America Food Industry PE Ratio Median Figure of 42 Publicly-Listed Food Companies 19.68x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.21x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of J. M. Smucker.

NYSE:SJM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SJM Share Price ÷ EPS (both in USD)

= 112.33 ÷ 5.48

20.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • J. M. Smucker is overvalued based on earnings compared to the US Food industry average.
  • J. M. Smucker is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does J. M. Smucker's expected growth come at a high price?
Raw Data
NYSE:SJM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
12.9%per year
United States of America Food Industry PEG Ratio Median Figure of 29 Publicly-Listed Food Companies 1.6x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.88x

*Line of best fit is calculated by linear regression .

NYSE:SJM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.49x ÷ 12.9%

1.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • J. M. Smucker is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on J. M. Smucker's assets?
Raw Data
NYSE:SJM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in USD $71.64
NYSE:SJM Share Price * NYSE (2020-04-03) in USD $112.33
United States of America Food Industry PB Ratio Median Figure of 65 Publicly-Listed Food Companies 1.69x
United States of America Market PB Ratio Median Figure of 5,146 Publicly-Listed Companies 1.2x
NYSE:SJM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SJM Share Price ÷ Book Value per Share (both in USD)

= 112.33 ÷ 71.64

1.57x

* Primary Listing of J. M. Smucker.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • J. M. Smucker is good value based on assets compared to the US Food industry average.
X
Value checks
We assess J. M. Smucker's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. J. M. Smucker has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is J. M. Smucker expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is J. M. Smucker expected to grow at an attractive rate?
  • J. M. Smucker's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • J. M. Smucker's earnings growth is positive but not above the United States of America market average.
  • J. M. Smucker's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:SJM Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:SJM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 12.9%
NYSE:SJM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 0%
United States of America Food Industry Earnings Growth Rate Market Cap Weighted Average 11.9%
United States of America Food Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:SJM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:SJM Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-04-30 7,719 1,319 1,003 2
2022-04-30 7,622 1,292 977 7
2021-04-30 7,629 1,226 825 14
2020-04-30 7,648 1,218 745 14
2020-04-05
NYSE:SJM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2020-01-31 7,611 1,241 625
2019-10-31 7,651 1,141 559
2019-07-31 7,714 1,120 536
2019-04-30 7,838 1,141 514
2019-01-31 7,717 1,181 629
2018-10-31 7,609 1,229 1,339
2018-07-31 7,511 1,157 1,345
2018-04-30 7,357 1,218 1,339
2018-01-31 7,360 1,168 1,263
2017-10-31 7,335 1,118 566
2017-07-31 7,325 1,124 549
2017-04-30 7,392 1,059 592

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • J. M. Smucker's earnings are expected to grow by 12.9% yearly, however this is not considered high growth (20% yearly).
  • J. M. Smucker's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:SJM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from J. M. Smucker Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SJM Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-04-30 9.10 9.10 9.10 1.00
2022-04-30 8.63 8.70 8.56 2.00
2021-04-30 7.26 8.33 6.67 4.00
2020-04-30 6.54 6.85 6.39 4.00
2020-04-05
NYSE:SJM Past Financials Data
Date (Data in USD Millions) EPS *
2020-01-31 5.48
2019-10-31 4.90
2019-07-31 4.71
2019-04-30 4.52
2019-01-31 5.53
2018-10-31 11.79
2018-07-31 11.83
2018-04-30 11.79
2018-01-31 11.10
2017-10-31 4.95
2017-07-31 4.77
2017-04-30 5.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • J. M. Smucker is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess J. M. Smucker's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
J. M. Smucker has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has J. M. Smucker performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare J. M. Smucker's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • J. M. Smucker's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • J. M. Smucker's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • J. M. Smucker's 1-year earnings growth is negative, it can't be compared to the US Food industry average.
Earnings and Revenue History
J. M. Smucker's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from J. M. Smucker Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SJM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 7,611.10 624.70 1,490.00
2019-10-31 7,650.70 558.70 1,504.00
2019-07-31 7,714.40 536.00 1,524.90
2019-04-30 7,838.00 514.40 1,527.70
2019-01-31 7,717.20 628.80 1,459.00
2018-10-31 7,608.60 1,338.70 1,414.80
2018-07-31 7,510.70 1,344.80 1,390.00
2018-04-30 7,357.10 1,338.60 1,353.70
2018-01-31 7,359.60 1,263.10 1,373.30
2017-10-31 7,335.10 566.40 1,379.90
2017-07-31 7,325.40 549.10 1,383.50
2017-04-30 7,392.30 592.30 1,340.00
2017-01-31 7,416.10 672.90 1,408.10
2016-10-31 7,511.20 723.60 1,452.00
2016-07-31 7,675.00 722.30 1,478.70
2016-04-30 7,811.20 688.70 1,510.30
2016-01-31 7,450.70 407.40 1,446.70
2015-10-31 6,916.80 383.00 1,302.90
2015-07-31 6,320.90 365.30 1,165.50
2015-04-30 5,692.70 344.90 1,031.30
2015-01-31 5,479.90 553.70 961.10
2014-10-31 5,505.40 559.50 974.10
2014-07-31 5,583.50 554.60 992.00
2014-04-30 5,610.60 565.20 988.80
2014-01-31 5,716.00 577.00 1,004.30
2013-10-31 5,810.10 564.50 1,005.00
2013-07-31 5,878.90 559.90 991.90
2013-04-30 5,897.70 544.20 973.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • J. M. Smucker has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • J. M. Smucker used its assets less efficiently than the US Food industry average last year based on Return on Assets.
  • J. M. Smucker's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess J. M. Smucker's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
J. M. Smucker has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is J. M. Smucker's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up J. M. Smucker's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • J. M. Smucker's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • J. M. Smucker's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of J. M. Smucker's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from J. M. Smucker Company Filings, last reported 2 months ago.

NYSE:SJM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 8,170.40 5,562.00 74.40
2019-10-31 8,095.30 5,858.10 48.80
2019-07-31 8,007.70 5,882.30 48.80
2019-04-30 7,970.50 5,959.90 101.30
2019-01-31 8,021.60 6,126.70 206.50
2018-10-31 8,030.00 6,275.10 171.20
2018-07-31 7,930.80 6,714.90 192.00
2018-04-30 7,891.10 4,832.00 192.60
2018-01-31 7,804.20 4,942.50 186.20
2017-10-31 7,036.30 5,257.60 183.80
2017-07-31 6,931.90 5,228.00 185.70
2017-04-30 6,850.20 5,398.50 166.80
2017-01-31 7,241.90 5,087.00 139.60
2016-10-31 7,180.10 5,351.40 121.80
2016-07-31 7,095.90 5,351.70 109.60
2016-04-30 7,008.50 5,430.00 109.80
2016-01-31 7,325.50 5,284.30 140.50
2015-10-31 7,233.20 5,864.50 139.00
2015-07-31 7,130.00 5,997.30 133.60
2015-04-30 7,086.90 6,170.90 125.60
2015-01-31 5,224.20 2,179.80 111.70
2014-10-31 5,165.00 2,436.70 121.80
2014-07-31 5,084.40 2,351.10 162.20
2014-04-30 5,029.60 2,219.40 171.50
2014-01-31 5,204.80 2,029.40 182.30
2013-10-31 5,167.90 2,241.60 168.70
2013-07-31 5,075.10 2,102.10 157.50
2013-04-30 5,148.80 2,017.80 256.40
  • J. M. Smucker's level of debt (68.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (42.4% vs 68.1% today).
  • Debt is well covered by operating cash flow (22.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.1x coverage).
X
Financial health checks
We assess J. M. Smucker's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. J. M. Smucker has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is J. M. Smucker's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.13%
Current annual income from J. M. Smucker dividends. Estimated to be 3.23% next year.
If you bought $2,000 of J. M. Smucker shares you are expected to receive $63 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • J. M. Smucker's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (2.07%).
  • J. M. Smucker's dividend is below the markets top 25% of dividend payers in United States of America (5.82%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:SJM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
United States of America Food Industry Average Dividend Yield Market Cap Weighted Average of 29 Stocks 3.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1936 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:SJM Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-04-30 4.39 2.00
2022-04-30 3.74 6.00
2021-04-30 3.59 9.00
2020-04-30 3.46 10.00
2020-04-05
NYSE:SJM Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-17 3.520 3.271
2019-10-25 3.520 3.353
2019-07-23 3.520 3.226
2019-04-22 3.400 2.800
2019-01-18 3.400 3.147
2018-10-26 3.400 3.292
2018-07-13 3.400 3.158
2018-04-20 3.120 2.852
2018-01-19 3.120 2.515
2017-10-20 3.120 2.717
2017-07-19 3.120 2.804
2017-04-21 3.000 2.425
2017-01-20 3.000 2.219
2016-10-21 3.000 2.326
2016-07-13 3.000 2.102
2016-04-22 2.680 1.965
2016-01-15 2.680 2.109
2015-10-16 2.680 2.239
2015-07-16 2.680 2.374
2015-04-17 2.560 2.243
2015-01-16 2.560 2.280
2014-10-17 2.560 2.515
2014-07-16 2.560 2.533
2014-04-11 2.320 2.283
2014-01-24 2.320 2.401
2013-10-23 2.320 2.231
2013-07-15 2.320 2.142
2013-04-19 2.080 2.024
2013-01-25 2.080 2.189
2012-10-24 2.080 2.389
2012-07-18 2.080 2.523
2012-04-19 1.920 2.510
2012-01-26 1.920 2.463
2011-10-25 1.920 2.489
2011-07-22 1.920 2.617
2011-04-21 1.760 2.300
2011-01-27 1.760 2.562
2010-10-26 1.600 2.500
2010-07-19 1.600 2.635
2010-04-22 1.600 2.702
2010-01-28 1.400 2.315
2009-10-27 1.400 2.399
2009-07-20 1.400 2.677
2009-04-21 1.400 3.248

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of J. M. Smucker's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess J. M. Smucker's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can J. M. Smucker afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. J. M. Smucker has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of J. M. Smucker's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Smucker
COMPENSATION $8,056,890
AGE 49
TENURE AS CEO 3.9 years
CEO Bio

Mr. Mark T. Smucker serves as Independent Director of Kimberly-Clark Corp. since September 18, 2019. Mr. Smucker has been the President of The J. M. Smucker Company since April 2015 and its Chief Executive Officer since May 1, 2016. Mr. Smucker was the President of Consumer & Natural Foods at The J. M. Smucker Company since April 1, 2015 through April 2016. He served as President of US Retail Coffee at The J. M. Smucker Company from May 2011 to March 31, 2015. He served as President of Special Markets - SBA at The J. M. Smucker Company since August 2008 through April 2011. He joined J. M. Smucker Company in 1997. He is also responsible for Information Services group at J. M. Smucker Company. He served as Vice President of International Market at J. M. Smucker Company from May 2006 to July 2008. He served as Vice President and General Manager of International Market at The J. M. Smucker Company from November 2001 to May 2004. Mr. Smucker served as Managing Director of Canada at The J. M. Smucker Company since May 2006 through June 2007. He served as General Manager and Managing Director, Smucker do Brasil since January 2000 and its Director, Business Development - South America from January 1997 to December 1999. He served as a Member of Board of Governors at GS1 US, Inc. He has been a Director at The J. M. Smucker Company since January 2009. He serves on the Board of Trustees of the Akron Art Museum. Mr. Smucker served as a Member of the Board at GSI U.S., an industry standards body. Mr. Smucker serves as a director of the Grocery Manufacturers Association and Greater Cleveland Partnership, an advisor on the LeBron James Family Foundation and Thunderbird Strategic Advisory Council, and a member of the Fortune CEO Initiative.

CEO Compensation
  • Mark's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mark's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the J. M. Smucker management team in years:

2.1
Average Tenure
49
Average Age
  • The tenure for the J. M. Smucker management team is about average.
Management Team

Richard Smucker

TITLE
Executive Chairman
COMPENSATION
$5M
AGE
71

Mark Smucker

TITLE
CEO, President & Director
COMPENSATION
$8M
AGE
49
TENURE
3.9 yrs

Mark Belgya

TITLE
Vice Chair
COMPENSATION
$3M
AGE
58
TENURE
10.5 yrs

Jeannette Knudsen

TITLE
Chief Legal & Compliance Officer and Secretary
COMPENSATION
$2M
AGE
49
TENURE
9.7 yrs

Jill Penrose

TITLE
Chief People and Administrative Officer
AGE
46
TENURE
0.4 yrs

Aaron Broholm

TITLE
Vice President of Investor Relations

Ray Hancart

TITLE
Director of Communications & Media Relations

Geoff Tanner

TITLE
Chief Marketing & Commercial Officer
TENURE
0.4 yrs

Amy Held

TITLE
Chief Strategy and International Officer
AGE
45
TENURE
2.1 yrs

Tucker Marshall

TITLE
Senior VP & Deputy CFO
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure and age of the J. M. Smucker board of directors in years:

11.3
Average Tenure
66.5
Average Age
  • The average tenure for the J. M. Smucker board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mark Smucker

TITLE
CEO, President & Director
COMPENSATION
$8M
AGE
49
TENURE
11.3 yrs

Timothy Smucker

TITLE
Chairman Emeritus
COMPENSATION
$312K
AGE
75
TENURE
3.9 yrs

Richard Smucker

TITLE
Executive Chairman
COMPENSATION
$5M
AGE
71
TENURE
3.9 yrs

Paul Dolan

TITLE
Independent Director
COMPENSATION
$250K
AGE
61
TENURE
14 yrs

Alex Shumate

TITLE
Independent Director
COMPENSATION
$248K
AGE
69
TENURE
11.3 yrs

Jay Henderson

TITLE
Independent Director
COMPENSATION
$255K
AGE
63
TENURE
3.7 yrs

Kitty Dindo

TITLE
Independent Director
COMPENSATION
$243K
AGE
70
TENURE
24.2 yrs

Gary Oatey

TITLE
Independent Director
COMPENSATION
$235K
AGE
70
TENURE
17.3 yrs

Nancy Russell

TITLE
Independent Director
COMPENSATION
$235K
AGE
62
TENURE
13.7 yrs

Sandra Pianalto

TITLE
Independent Director
COMPENSATION
$243K
AGE
64
TENURE
5.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
30. Dec 19 Sell Jill Penrose Individual 27. Dec 19 27. Dec 19 -1,098 $102.92 $-113,006
09. Dec 19 Sell Jeannette Knudsen Individual 06. Dec 19 06. Dec 19 -1,196 $107.43 $-128,486
16. Sep 19 Sell Kevin Jackson Individual 12. Sep 19 12. Sep 19 -950 $108.70 $-103,265
29. Aug 19 Buy Geoff Tanner Individual 29. Aug 19 29. Aug 19 1,000 $103.42 $103,420
27. Jun 19 Sell Joseph Stanziano Individual 26. Jun 19 26. Jun 19 -319 $119.20 $-38,025
X
Management checks
We assess J. M. Smucker's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. J. M. Smucker has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Insider Buying: The The J. M. Smucker Company (NYSE:SJM) Senior Vice President of Growth & Consumer Engagement Just Bought US$103k Worth Of Shares

Smucker The Last 12 Months Of Insider Transactions At J. … Smucker Chairman Emeritus Timothy Smucker made the biggest insider purchase in the last 12 months. … Smucker Boast High Insider Ownership.

Simply Wall St -

How Many The J. M. Smucker Company (NYSE:SJM) Shares Do Institutions Own?

Smucker NYSE:SJM Ownership Summary, August 30th 2019 What Does The Institutional Ownership Tell Us About J. … Smucker does have institutional investors; and they hold 80% of the stock. … NYSE:SJM Income Statement, August 30th 2019 Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferencesM

Simply Wall St -

Is The J. M. Smucker Company’s (NYSE:SJM) Return On Capital Employed Any Good?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for J. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

Income Investors Should Know That The J. M. Smucker Company (NYSE:SJM) Goes Ex-Dividend Soon

That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. … Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. … See what the 14 analysts we track are forecasting, with this visualisation of its historical and future estimated earnings and cash flow We wouldn't recommend just buying the first dividend stock you see, thoughM

Simply Wall St -

Is The J. M. Smucker Company's (NYSE:SJM) ROE Of 6.5% Concerning?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for J. … Careful use of debt to boost returns is often very good for shareholders. … Companies that can achieve high returns on equity without too much debt are generally of good quality?

Simply Wall St -

The J. M. Smucker Company (NYSE:SJM) Insiders Increased Their Holdings

Insider Ownership Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they ownM … Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. … Smucker insiders own about US$519m worth of shares (which is 4.0% of the company).

Simply Wall St -

What Should Investors Know About The J. M. Smucker Company's (NYSE:SJM) Long Term Outlook?

Smucker's earnings growth outlook over the next few years and whether the future looks brighter. … Smucker Market analysts' prospects for the upcoming year seems optimistic, with earnings climbing by a significant 50%. … NYSE:SJM Past and Future Earnings, July 13th 2019 Even though it is useful to understand the growth rate each year relative to today’s figure, it may be more valuable to estimate the rate at which the earnings are rising or falling on average every year.

Simply Wall St -

Here's Why J. M. Smucker (NYSE:SJM) Has A Meaningful Debt Burden

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price? … Smucker produced sturdy free cash flow equating to 68% of its EBIT, about what we'd expect. … But the good news is it seems to be able to convert EBIT to free cash flow with easeJ

Simply Wall St -

How Do Analysts See The J. M. Smucker Company (NYSE:SJM) Performing In The Next 12 Months?

Smucker Company's (NYSE:SJM) earnings update on 30 April 2019, analyst consensus outlook appear vastly optimistic, as a 52% rise in profits is expected in the upcoming year, compared with the past 5-year average growth rate of 17%M … To understand the overall trajectory of SJM's earnings growth over these next fews years, I've fitted a line through these analyst earnings forecast to determine an annual growth rate from the slopeM … NYSE:SJM Past and Future Earnings, June 25th 2019 This results in an annual growth rate of 21% based on the most recent earnings level of US$514m to the final forecast of US$1.1b by 2022.

Simply Wall St -

Will The J. M. Smucker Company's (NYSE:SJM) Earnings Grow In The Year Ahead?

Smucker's earnings outlook going forward, which may give you a sense of market sentiment for the companyM … To understand the overall trajectory of SJM's earnings growth over these next fews years, I've fitted a line through these analyst earnings forecast to determine an annual growth rate from the slope. … NYSE:SJM Past and Future Earnings, June 25th 2019 From the current net income level of US$514m and the final forecast of US$1.1b by 2022, the annual rate of growth for SJM’s earnings is 21%.

Simply Wall St -

Company Info

Description

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils, and frozen sandwiches; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking ingredient. It provides its products under the Folgers, Café Bustelo, Dunkin’ Donuts, 1850, Jif, Smucker’s, Crisco, Smucker’s Uncrustables, Meow Mix, Kibbles ‘n Bits, 9Lives, Nature’s Recipe, Milk-Bone, Pup-Peroni, Rachael Ray Nutrish, Natural Balance, Robin Hood, and Five Roses brands. The company sells its products through direct sales and brokers to food retailers and wholesalers, club stores, pet specialty stores, discount and dollar stores, drug stores, military commissaries, mass merchandisers, natural foods stores and distributors, and online retailers; and through retail channels, and foodservice distributors and operators. The J. M. Smucker Company was founded in 1897 and is headquartered in Orrville, Ohio.

Details
Name: The J. M. Smucker Company
SJM
Exchange: NYSE
Founded: 1897
$12,809,880,115
114,037,925
Website: http://www.jmsmucker.com
Address: The J. M. Smucker Company
One Strawberry Lane,
Orrville,
Ohio, 44667,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SJM Common Shares New York Stock Exchange US USD 29. Aug 2000
DB JM2 Common Shares Deutsche Boerse AG DE EUR 29. Aug 2000
LSE 0L7F Common Shares London Stock Exchange GB USD 29. Aug 2000
BRSE JM2 Common Shares Berne Stock Exchange CH CHF 29. Aug 2000
BMV SJM * Common Shares Bolsa Mexicana de Valores MX MXN 29. Aug 2000
BOVESPA S1JM34 BDR EACH 2 REPR 1 COM Bolsa de Valores de Sao Paulo BR BRL 27. Jan 2020
Number of employees
Current staff
Staff numbers
7,400
J. M. Smucker employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 03:50
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/02/27
Last earnings reported: 2020/01/31
Last annual earnings reported: 2019/04/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.