Instant Analysis: 3M Company 2017 Outlook Meeting

3M Co is a diversified technology company. The Company's business segments are Industrial (including abrasives products), Safety and Graphics, Health Care, Electronics and Energy, and Consumers.

3M Company (NYSE:MMM) gave its 2017 investor day presentation and prepared investors for what to expect in the coming year. A more detailed analysis of it will follow, but for now let's look at the headline guidance. 3M is already in the fourth quarter of 2016 so here's the outlook for rest of the year:

 Full-year 2016 organic growth to be approximately flat

 Full-year 2016 EPS to come in at the low end of the guidance range of $8.15 to $8.20

The organic growth outlook is the same as what was given at the third-quarter results presentation, but management guiding toward the low end of the EPS range is a slight disappointment.

Turning to the all important 2017 outlook:

 Organic local currency growth in the range of 1% to 3%

GAAP EPS estimated in the range of $8.45 to $8.80, representing growth of 4% to 8%

 Operating cash flow in the range of $6.1 billion to $7.1 billion

 Free-cash flow in the range of $4.8 billion to $5.6 billion

Putting these figures into context (assuming the mid-point of the guidance ranges), it means 3M Company is on a forward P/E ratio of 20.7 times earnings and will generate around 4.4% of its current enterprise value in free-cash flow next year.