Smith & Nephew plc
$17.24B- Market cap
- $12.67B
- Debt
- +$5.13B
- Cash
- −$557.00M
Capital structure 71% equity / 29% debt · EV / Revenue 2.80x · EV / EBITDA 22.54x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: SNN stock price near parity vs MKC $28.87 current versus $25.63 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 MKC's multiple
Implied fair value · at SNN's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Premium justified
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: SNN FY 2025 (ended Dec 31, 2025) · MKC FY 2025 (ended Nov 30, 2025). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 71% equity / 29% debt · EV / Revenue 2.80x · EV / EBITDA 22.54x
Capital structure 77% equity / 23% debt · EV / Revenue 2.64x · EV / EBITDA 11.30x
MKC carries the larger enterprise value at $18.04B against $17.24B; MKC trades on the lower EV / Revenue multiple (2.64x vs 2.80x); MKC on the lower EV / EBITDA (11.30x vs 22.54x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Smith & Nephew plc · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
McCORMICK & COMPANY, INCORPORATED · implied price per share
Bear
$19.17
Base
$25.77
Bull
$34.68
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
Net debt / EBITDA
Leverage against operating earnings
5.98x
2.52x
Cash and equivalents
Liquid reserves on the balance sheet
$557.00M
$95.90M
Total debt
Interest-bearing obligations outstanding
$5.13B
Comparable set
Where the pair sits against the wider comparable set.
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