McCormick & Co Inc (MKC) is slightly undervalued and J.M. Smucker Co (SJM) is slightly undervalued.
Against our estimates of intrinsic value, MKC trades at the wider discount: a margin of safety of +19%, against +12% for SJM.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.7% (average of 3 methods) values the shares at $60.69; the price of $49.42 is 19% below that value, and 80% of that value comes from beyond year five.
Leak Score 81/100 on 3 of 12 signals
Discounting its cash flows at 6.7% (average of 3 methods) values the shares at $138.36; the price of $121.11 is 12% below that value, and 84% of that value comes from beyond year five.
Leak Score 22/100 on 3 of 12 signals
| Metric | MKC | SJM |
|---|---|---|
| Verdict | Slightly undervalued | Slightly undervalued |
| Price | $49.42 | $121.11 |
| Intrinsic value | $60.69 | $138.36 |
| Margin of safety | +19% | +12% |
| Leak Score | 81/100 (3/12) | 22/100 (3/12) |
| Market cap | $13.3B | $12.9B |
| Revenue growth, 5 years | 4.1% | 2.5% |
| Operating margin | 16.7% | 18.7% |
| Net margin | 21.9% | 2.5% |
| Return on equity | 25.7% | 3.9% |
| Debt to equity | 0.71 | 1.21 |
| P/E | 8.2x | 56.8x |
| Forward P/E | 15.0x | 11.1x |
| P/B | 1.9x | 2.3x |
| Dividend yield | 3.9% | 3.7% |