Reading the tape
NYSE: SJM
The J. M. Smucker Company
Consumer Defensive · Packaged Foods
Market Cap
$10.34B
52w High
$119.39
52w Low
$88.25
P/E
-8.24
Volume
831.42K
Outstanding Shares
106.65M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -14.77%Revenue (TTM): 1.58%FCF (TTM): 19.14%P/FCF: 5th pct
What changed
The stock fell 14.77% over the last year. Revenue grew 1.58% over the trailing twelve months. Operating margin moved from 3.77% to 3.4%. Free cash flow grew 19.14% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 5th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 3.4%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
The J.
CEOCaptain Mark T. Smucker
SectorConsumer Defensive
IndustryPackaged Foods
Employees9,000
IPO dateOct 31, 1994
Valuation
Forward P/E—
EV/EBITDA-128.94
Enterprise value$20.06B
Stock splits
Jun 3, 2002↓ Reverse
Every 200 shares became 189
Oct 1, 1991↑ Forward
Every 1 shares became 2
May 31, 1990↑ Forward
Every 1 shares became 2
Dec 3, 1985↑ Forward
Every 1 shares became 2
May 24, 1983↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth7.02%
Gross margin32.67%▲1.83%vs FY2024
Operating margin3.4%▼148.37%vs FY2024
ROE-20.23%▼309.25%vs FY2024
Analyst consensus
RatingHold
Target price$113.38▲16.92%
13
Buy
14
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jun 9, 2026
Q2 FY26 · EPS est $2.66 · Revenue est $2.26B
View
Dividends
$4.40/shareQuarterlyDividend Achiever · 16yrEx-div May 15, 2026 · in 11dSafeSJM pays a dividend with a 4.54% declared yield, 16 consecutive years of growth, growing at 4.1% annually, covered 1.8× by free cash flow.
Declared Yield
4.54%
Annual Div / Share
$4.40
5yr CAGR
+4.1%
Doubles every ~17.3yr
Payout Ratio
—
Safe
Dividend Growth Rate
3yr CAGR
+2.55%
5yr CAGR
+4.1%
10yr CAGR
+5.08%
Dividend Safety
8/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$4.40+1.9%
2025$4.32+1.9%
2024$4.24+3.9%
2023$4.08+3.0%
2022$3.96+10.0%
2021$3.60+2.3%
2020$3.52+3.5%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$45/yr
$4/mo
In 5 yrs
$55/yr+22%
$5/mo
In 10 yrs
$68/yr+49%
$6/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$45/yr $4/mo | $55/yr+22% $5/mo | $68/yr+49% $6/mo |
Yield-on-cost grows from 4.54% → 6.78% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
SJM has raised its dividend for 16 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 1.8× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.