McCORMICK & COMPANY, INCORPORATED
$17.84B- Market cap
- $13.81B
- Debt
- +$4.12B
- Cash
- −$95.90M
Capital structure 77% equity / 23% debt · EV / Revenue 2.61x · EV / EBITDA 11.17x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: MKC stock price at discount vs ESTC $51.33 current versus $76.93 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ESTC's multiple
Implied fair value · at MKC's multiple
Snapshot Sep 8, 11:13 AM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: MKC FY 2025 (ended Nov 30, 2025) · ESTC FY 2026 (ended Apr 30, 2026). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 77% equity / 23% debt · EV / Revenue 2.61x · EV / EBITDA 11.17x
Capital structure 94% equity / 6% debt · EV / Revenue 4.98x · EV / EBITDA 126.09x
MKC carries the larger enterprise value at $17.84B against $8.66B; MKC trades on the lower EV / Revenue multiple (2.61x vs 4.98x); MKC on the lower EV / EBITDA (11.17x vs 126.09x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
McCORMICK & COMPANY, INCORPORATED · implied price per share
Bear
$19.17
Base
$25.77
Bull
$34.68
ELASTIC N.V. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.72x
0.45x
Net debt / EBITDA
Leverage against operating earnings
2.52x
-11.64x
Cash and equivalents
Liquid reserves on the balance sheet
$95.90M
$1.37B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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