View ValuationMorgan Advanced Materials 향후 성장Future 기준 점검 4/6Morgan Advanced Materials (는) 각각 연간 60.4% 및 2.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 47.2% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 21.1% 로 예상됩니다.핵심 정보60.4%이익 성장률47.18%EPS 성장률Machinery 이익 성장25.0%매출 성장률2.9%향후 자기자본이익률21.14%애널리스트 커버리지Good마지막 업데이트26 May 2026최근 향후 성장 업데이트공시 • Oct 14Morgan Advanced Materials plc Provides Earnings Guidance for the Full Year of 2025Morgan Advanced Materials plc provided earnings guidance for the full year of 2025. For the year, The company expects lower than expected revenue. Sales to be c.4% lower than the prior year, on an organic constant currency basis. With under-recovered costs from lower sales volumes in the short-term, a weaker mix and some FX impact, the company now expects to deliver an adjusted operating profit margin of 10% for the year.공시 • Nov 05Morgan Advanced Materials plc Provides Earnings Guidance for the Year 2024Morgan Advanced Materials plc provided earnings guidance for the year 2024. For the year, the company expects constant currency revenue growth for the full financial year is now around 3%.공시 • Nov 09Morgan Advanced Materials plc Provides Earnings Guidance for the Full Year 2023Morgan Advanced Materials plc provided earnings guidance for the full year 2023. For the year, the company expects organic revenue growth is unchanged at 2%-4%. The group has continued to benefit from strong growth in its Semiconductor, Healthcare and Aerospace end-markets, offsetting weakness in European and China industrial markets. Seals & Bearings performance was influenced in part by phasing of armour orders.공시 • Jun 29Morgan Advanced Materials plc Provides Sales Guidance for the Second Quarter and Six Months Ended June 2023 and Full Year of 2023Morgan Advanced Materials plc provided sales guidance for the second quarter and six months ended June 2023 and full year of 2023. Sales for the six months to June 2023 are expected to be around 2% higher on an organic constant-currency basis, compared to the same period last year. Following a period in which the cyber incident disrupted trading in the first quarter, sales in the second quarter are expected to be around 9% higher than the second quarter of 2022.There has been no change in the Board's expectations for the full year, with organic revenue growth expected to be 2-4%.공시 • Feb 07Morgan Advanced Materials plc Provides Earnings Guidance for the Fiscal Year 2022Morgan Advanced Materials plc provided earnings guidance for the fiscal year 2022. Revenue growth remained robust in the final two months of the year with revenue expected to be around £1.1 billion, representing growth of 16% or 11% at constant currency.공시 • Mar 06+ 1 more updateMorgan Advanced Materials plc Provides Revenue Guidance for the Full Year 2022Morgan Advanced Materials plc provided revenue guidance for the full year 2022. The company has seen good order momentum coming into the year and anticipate organic revenue growth of 4%-7% in 2022, assuming no significant change in market momentum.모든 업데이트 보기Recent updates공시 • Mar 26Morgan Advanced Materials plc, Annual General Meeting, May 07, 2026Morgan Advanced Materials plc, Annual General Meeting, May 07, 2026. Location: slaughter and mays offices, one bunhill row, ec1y 8yy, london United KingdomBoard Change • Dec 30High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-executive Director Mary Ryan was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Oct 14Morgan Advanced Materials plc Provides Earnings Guidance for the Full Year of 2025Morgan Advanced Materials plc provided earnings guidance for the full year of 2025. For the year, The company expects lower than expected revenue. Sales to be c.4% lower than the prior year, on an organic constant currency basis. With under-recovered costs from lower sales volumes in the short-term, a weaker mix and some FX impact, the company now expects to deliver an adjusted operating profit margin of 10% for the year.공시 • Oct 06Morgan Advanced Materials plc Announces the Appointment of Mary Ryan CBE as a Non-Executive Director, Effective on 1 November 2025Morgan Advanced Materials plc announced the appointment of Professor Mary Ryan CBE as a non-executive director. Mary will join the Morgan Board on 1 November 2025. Mary is a leading materials scientist at Imperial College London ("Imperial"), where she currently serves as Vice-Provost for Research and Enterpriseand the Armourers & Brasiers' Chair in Materials Science. She has significant industry exposure, having led Imperial's partnerships with several major corporates including Shell, Rio Tinto and Hitachi. She is a Board member of the Francis Crick Institute and a Governing Board member of the Henry Royce Institute, the UK's national institute for advanced materials research and innovation. She is also a non-executive director of the UK Atomic Energy Authority Board.공시 • Aug 08+ 1 more updateMorgan Advanced Materials plc Resolves Interim Dividend for the First Half Ended June 30, 2025, Payable on November 17, 2025Morgan Advanced Materials plc announced that the board has resolved to pay an interim dividend of 5.4 pence (First half of 2024: 5.4 pence) per Ordinary share for the first half ended June 30, 2025. The interim dividend will be paid on 17 November 2025 to Ordinary shareholders on the register of members at the close of trading on 24 October 2025. The ex-dividend date will be 23 October 2025.공시 • Jul 03Morgan Advanced Materials plc Announces Termination of Peter Raby as DirectorMorgan Advanced Materials plc announced termination of Peter Raby as director. Date of termination: July 1, 2025.공시 • Mar 27Morgan Advanced Materials plc, Annual General Meeting, May 08, 2025Morgan Advanced Materials plc, Annual General Meeting, May 08, 2025. Location: york house, sheet street, berkshire sl4 1dd, windsor United Kingdom공시 • Mar 25Morgan Advanced Materials plc to Report First Half, 2025 Results on Aug 07, 2025Morgan Advanced Materials plc announced that they will report first half, 2025 results on Aug 07, 2025공시 • Feb 28Morgan Advanced Materials plc Appoints Jane Lodge as Non-Executive Director, Effect from 1 June 2025FirstGroup plc announced that Jane Lodge, a Non-Executive Director of FirstGroup plc, will be appointed as a Non-Executive Director of Morgan Advanced Materials PLC with effect from 1 June 2025.공시 • Jan 17Morgan Advanced Materials plc Announces CEO Changes, Effective 1 July 2025Morgan Advanced Materials plc announced that Pete Raby has informed the board of his intention to retire as CEO following a decade in the role. It is intended that Pete will be stepping down as CEO on 1 July 2025, but will continue to provide support for the transition until the end of August 2025. The board announced that Damien Caby, currently President of the Thermal Products Division, is appointed CEO Designate. Damien has been selected following a comprehensive process that considered internal and external candidates and will assume the CEO role on 1 July 2025.공시 • Jan 16+ 1 more updateMorgan Advanced Materials plc to Report Fiscal Year 2024 Results on Feb 28, 2025Morgan Advanced Materials plc announced that they will report fiscal year 2024 results at 7:00 AM, Coordinated Universal Time on Feb 28, 2025공시 • Nov 05Morgan Advanced Materials plc Provides Earnings Guidance for the Year 2024Morgan Advanced Materials plc provided earnings guidance for the year 2024. For the year, the company expects constant currency revenue growth for the full financial year is now around 3%.Upcoming Dividend • Oct 17Upcoming dividend of UK£0.054 per shareEligible shareholders must have bought the stock before 24 October 2024. Payment date: 15 November 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.5%).Buy Or Sell Opportunity • Aug 16Now 20% overvaluedOver the last 90 days, the stock has fallen 4.2% to €3.62. The fair value is estimated to be €3.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 8.4% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.Declared Dividend • Aug 08First half dividend of UK£0.054 announcedShareholders will receive a dividend of UK£0.054. Ex-date: 24th October 2024 Payment date: 15th November 2024 Dividend yield will be 3.7%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 07First half 2024 earnings released: EPS: UK£0.13 (vs UK£0.052 in 1H 2023)First half 2024 results: EPS: UK£0.13 (up from UK£0.052 in 1H 2023). Revenue: UK£572.6m (up 3.4% from 1H 2023). Net income: UK£37.4m (up 153% from 1H 2023). Profit margin: 6.5% (up from 2.7% in 1H 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.공시 • Aug 06Morgan Advanced Materials plc Resolves an Interim Dividend, Payable on 15 November 2024The board of Morgan Advanced Materials plc has resolved to pay an interim dividend of 5.4 pence (2023: 5.3 pence) per ordinary share. The interim dividend will be paid on 15 November 2024 to ordinary shareholders on the register of members at the close of trading on 25 October 2024. The ex-dividend date will be 24 October 2024.공시 • Jul 24Morgan Advanced Materials plc Appoints Alison Wood as Senior Independent Director, Effective 1 November 2024Morgan Advanced Materials plc announces the appointment of Alison Wood as Senior Independent Director. Alison will join the Board on 1 November 2024; at which point Laurence Mulliez will step down as Senior Independent Director and a director of the Company. Alison is a highly experienced non-executive director with a significant background in international industrials. She brings deep governance expertise gained across numerous listed businesses, having served as Chair, Senior Independent Director and Remuneration Committee Chair in a number of FTSE 350 businesses. In her executive career, she was central to the strategic development of BAE Systems plc as Group Strategic Development Director (2004 to 2008) and was also Global Director of Strategy and Corporate Development at National Grid plc (2008 to 2013). She currently serves as Chair of Galliford Try Holdings plc, Senior Independent Director and Remuneration Committee Chair of Oxford Instruments plc and Remuneration Committee Chair of TT Electronics plc.Upcoming Dividend • Apr 18Upcoming dividend of UK£0.067 per shareEligible shareholders must have bought the stock before 25 April 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.2%).Buy Or Sell Opportunity • Apr 12Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 7.1% to €3.32. The fair value is estimated to be €2.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 25% per annum over the same time period.New Risk • Apr 08New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (46% net debt to equity). Dividend is not well covered by cash flows (189% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.2% net profit margin).공시 • Apr 06Morgan Advanced Materials plc, Annual General Meeting, May 09, 2024Morgan Advanced Materials plc, Annual General Meeting, May 09, 2024, at 09:30 Coordinated Universal Time. Location: offices of Slaughter and May, One Bunhill Row, London, EC1Y 8YY London United Kingdom공시 • Mar 14Morgan Advanced Materials plc Recommends Final Dividend for the Period Ended 31 December 2023, Payable on 17 May 2024Morgan Advanced Materials plc announced that the Board is recommending a final dividend, subject to shareholder approval, of 6.7 pence per share on the Ordinary share capital of the Group, payable on 17 May 2024 to Ordinary shareholders on the register at the close of business on 26 April 2024. The ex-dividend date is 25 April 2024.Reported Earnings • Mar 13Full year 2023 earnings released: EPS: UK£0.16 (vs UK£0.31 in FY 2022)Full year 2023 results: EPS: UK£0.16 (down from UK£0.31 in FY 2022). Revenue: UK£1.11b (flat on FY 2022). Net income: UK£46.6m (down 46% from FY 2022). Profit margin: 4.2% (down from 7.8% in FY 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.공시 • Nov 09Morgan Advanced Materials plc Provides Earnings Guidance for the Full Year 2023Morgan Advanced Materials plc provided earnings guidance for the full year 2023. For the year, the company expects organic revenue growth is unchanged at 2%-4%. The group has continued to benefit from strong growth in its Semiconductor, Healthcare and Aerospace end-markets, offsetting weakness in European and China industrial markets. Seals & Bearings performance was influenced in part by phasing of armour orders.Upcoming Dividend • Oct 19Upcoming dividend of UK£0.053 per share at 5.1% yieldEligible shareholders must have bought the stock before 26 October 2023. Payment date: 17 November 2023. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.0%).New Risk • Aug 06New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (24% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Aug 06First half 2023 earnings released: EPS: UK£0.052 (vs UK£0.15 in 1H 2022)First half 2023 results: EPS: UK£0.052 (down from UK£0.15 in 1H 2022). Revenue: UK£553.9m (up 4.5% from 1H 2022). Net income: UK£14.8m (down 66% from 1H 2022). Profit margin: 2.7% (down from 8.1% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany.공시 • Aug 05Morgan Advanced Materials plc Resolves Interim Dividend, Payable on 17 November 2023The Board of Morgan Advanced Materials plc has resolved to pay an interim dividend of 5.3 pence per Ordinary share. The interim dividend will be paid on 17 November 2023 to Ordinary shareholders on the register of members at the close of trading on 27 October 2023. The ex-dividend date will be 26 October 2023. This compares to an interim dividend paid in the fourth quarter of 2022 of 5.3 pence per Ordinary share.공시 • Jul 01Morgan Advanced Materials plc Elects Ian Marchant as ChairMorgan Advanced Materials plc at the AGM held on 29 June 2023, further to the announcement on 18 January 2023, the Company confirms that Douglas Caster has retired as Chair and Non-executive Director and that Ian Marchant has taken over as Chair.공시 • Jun 29Morgan Advanced Materials plc Provides Sales Guidance for the Second Quarter and Six Months Ended June 2023 and Full Year of 2023Morgan Advanced Materials plc provided sales guidance for the second quarter and six months ended June 2023 and full year of 2023. Sales for the six months to June 2023 are expected to be around 2% higher on an organic constant-currency basis, compared to the same period last year. Following a period in which the cyber incident disrupted trading in the first quarter, sales in the second quarter are expected to be around 9% higher than the second quarter of 2022.There has been no change in the Board's expectations for the full year, with organic revenue growth expected to be 2-4%.Upcoming Dividend • Jun 02Upcoming dividend of UK£0.067 per share at 4.2% yieldEligible shareholders must have bought the stock before 08 June 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.9%).Buying Opportunity • May 28Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 9.1%. The fair value is estimated to be €4.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings is also forecast to grow by 7.3% per annum over the same time period.공시 • May 05Morgan Advanced Materials plc, Annual General Meeting, Jun 29, 2023Morgan Advanced Materials plc, Annual General Meeting, Jun 29, 2023, at 09:30 Coordinated Universal Time. Location: offices of Slaughter and May, One Bunhill Row London EC1Y 8YY London United KingdomReported Earnings • Apr 30Full year 2022 earnings released: EPS: UK£0.31 (vs UK£0.24 in FY 2021)Full year 2022 results: EPS: UK£0.31 (up from UK£0.24 in FY 2021). Revenue: UK£1.11b (up 17% from FY 2021). Net income: UK£86.9m (up 28% from FY 2021). Profit margin: 7.8% (up from 7.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany.공시 • Feb 07Morgan Advanced Materials plc Provides Earnings Guidance for the Fiscal Year 2022Morgan Advanced Materials plc provided earnings guidance for the fiscal year 2022. Revenue growth remained robust in the final two months of the year with revenue expected to be around £1.1 billion, representing growth of 16% or 11% at constant currency.공시 • Jan 18Morgan Advanced Materials plc Announces Board ChangesMorgan Advanced Materials plc announced the appointment of Ian Marchant as a director and Chair designate. Ian will join the Board as a Non-Executive Director on 1 February 2023 and will succeed Douglas Caster as the Company's Chair after the Company's 2023 AGM, subject to shareholder approval; at which point Douglas will stand down as a director of the Company. Ian is a highly strategic and successful leader with more than 35 years of wide-ranging experience at major businesses, bringing a strong track record of value creation and listed board experience. Ian served as Chief Executive of SSE plc from October 2002 to June 2013; prior to this he was the Finance Director of SSE and Southern Electric plc. He is a seasoned non-executive director and chair, having served as Chair of John Wood Group plc and on the Board of Aggreko plc. He currently serves as Chair of Thames Water Utilities Ltd. and Logan Energy Ltd.Buying Opportunity • Dec 17Now 22% undervaluedOver the last 90 days, the stock is up 28%. The fair value is estimated to be €4.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings is also forecast to grow by 4.9% per annum over the same time period.Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. CFO & Director Richard Armitage was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to €3.28, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.93 per share.Upcoming Dividend • Oct 20Upcoming dividend of UK£0.053 per shareEligible shareholders must have bought the stock before 27 October 2022. Payment date: 18 November 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (5.2%). Higher than average of industry peers (3.0%).공시 • Oct 04Morgan Advanced Materials plc to Report Fiscal Year 2022 Results on Feb 28, 2023Morgan Advanced Materials plc announced that they will report fiscal year 2022 results on Feb 28, 2023Reported Earnings • Jul 30First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£37.6m from profit in 1H 2021). Profit margin: (down from 8.2% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 1.2%, compared to a 9.5% growth forecast for the industry in Germany.공시 • Jul 29Morgan Advanced Materials plc Announces Interim Dividend for 2022, Payable on November 18, 2022Morgan Advanced Materials plc announced that the Board has resolved to pay an interim dividend of 5.3 pence per Ordinary share. The interim dividend will be paid on 18 November 2022 to Ordinary shareholders on the register of members at the close of trading on 28 October 2022. The ex-dividend date will be 27 October 2022. This compares to an interim dividend paid in the fourth quarter of 2021 of 3.2 pence per Ordinary share.Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Clement Woon was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • May 06Morgan Advanced Materials plc Announces CFO Changes, Effective from 30 May 2022Morgan Advanced Materials plc confirms that Peter Turner will retire as Chief Financial Officer and step down from the Board on 30 May 2022. Richard Armitage, whose appointment was announced on 15 October 2021, will join Morgan's Board and be appointed Chief Financial Officer on the same day.Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Clement Woon was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Apr 25Morgan Advanced Materials plc to Report First Half, 2022 Results on Jul 29, 2022Morgan Advanced Materials plc announced that they will report first half, 2022 results on Jul 29, 2022Upcoming Dividend • Apr 21Upcoming dividend of UK£0.059 per shareEligible shareholders must have bought the stock before 28 April 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.9%). Higher than average of industry peers (2.4%).공시 • Apr 02Morgan Advanced Materials plc, Annual General Meeting, May 05, 2022Morgan Advanced Materials plc, Annual General Meeting, May 05, 2022, at 09:30 Coordinated Universal Time. Location: York House, Sheet Street SL4 1DD Windsor United Kingdom Agenda: Annual General Meeting.공시 • Mar 06+ 1 more updateMorgan Advanced Materials plc Provides Revenue Guidance for the Full Year 2022Morgan Advanced Materials plc provided revenue guidance for the full year 2022. The company has seen good order momentum coming into the year and anticipate organic revenue growth of 4%-7% in 2022, assuming no significant change in market momentum.Reported Earnings • Mar 05Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: UK£0.24 (up from UK£0.086 loss in FY 2020). Revenue: UK£950.5m (up 4.4% from FY 2020). Net income: UK£68.1m (up UK£92.6m from FY 2020). Profit margin: 7.2% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 3.8%, compared to a 10% growth forecast for the industry in Germany.Buying Opportunity • Feb 09Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.7%. The fair value is estimated to be UK£4.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% per annum over the last 3 years. Earnings per share has declined by 49% per annum over the last 3 years.Board Change • Dec 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Clement Woon was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Oct 21Upcoming dividend of UK£0.032 per shareEligible shareholders must have bought the stock before 28 October 2021. Payment date: 19 November 2021. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%).Reported Earnings • Aug 01First half 2021 earnings released: EPS UK£0.13 (vs UK£0.099 loss in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: UK£461.2m (down 3.5% from 1H 2020). Net income: UK£37.6m (up UK£65.8m from 1H 2020). Profit margin: 8.2% (up from net loss in 1H 2020).공시 • May 06Morgan Advanced Materials plc Announces Revenue Guidance for the Full Year 2021Morgan Advanced Materials plc announced revenue guidance for the full year 2021. For the year, the company is raising its guidance for the Group's organic constant currency sales growth to be in the range of 5 to 8%.Reported Earnings • Apr 03Full year 2020 earnings released: UK£0.086 loss per share (vs UK£0.25 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: UK£910.7m (down 13% from FY 2019). Net loss: UK£24.5m (down 134% from profit in FY 2019).Reported Earnings • Mar 05Full year 2020 earnings released: UK£0.086 loss per share (vs UK£0.25 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: UK£910.7m (down 13% from FY 2019). Net loss: UK£24.5m (down 134% from profit in FY 2019).Analyst Estimate Surprise Post Earnings • Mar 05Revenue beats expectationsRevenue exceeded analyst estimates by 0.3%. Over the next year, revenue is expected to shrink by 2.0% compared to a 5.9% growth forecast for the Machinery industry in Germany.이익 및 매출 성장 예측DB:MGJ - 애널리스트 향후 추정치 및 과거 재무 데이터 (GBP Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20281,0816263119612/31/20271,0454844100712/31/20261,010291469712/31/2025997-351118N/A6/30/20251,0512827118N/A3/31/20251,0763922116N/A12/31/20241,0604717113N/A6/30/20241,1336947129N/A3/31/20241,1245833104N/A12/31/20231,115471879N/A6/30/20231,13659-76-17N/A3/31/20231,12473-581N/A12/31/20221,11287-3919N/A6/30/20221,020733882N/A3/31/2022985715694N/A12/31/20219516874105N/A6/30/20218944187112N/A3/31/2021902884111N/A12/31/2020911-2480110N/A6/30/20201,002886130N/A3/31/20201,0264076126N/A12/31/20191,0507266122N/A6/30/20191,04558N/A96N/A3/31/20191,04057N/A97N/A12/31/20181,03457N/A98N/A6/30/201899767N/A71N/A3/31/201899988N/A65N/A12/31/20171,001109N/A59N/A9/30/20171,027104N/A73N/A6/30/20171,033100N/A86N/A3/31/20171,01176N/A85N/A12/31/201698952N/A84N/A9/30/201695441N/A85N/A6/30/201691831N/A86N/A3/31/201691532N/A88N/A12/31/201591234N/A91N/A9/30/201592725N/A87N/A6/30/201594316N/A83N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: MGJ 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(1.9%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: MGJ (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: MGJ 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: MGJ 의 수익(연간 2.9%)이 German 시장(연간 6.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: MGJ 의 수익(연간 2.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: MGJ의 자본 수익률은 3년 후 21.1%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/27 21:42종가2026/05/27 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Morgan Advanced Materials plc는 21명의 분석가가 다루고 있습니다. 이 중 7명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jonathan HurnBarclaysAndrew SimmsBerenbergRobert ChantryBerenberg18명의 분석가 더 보기
공시 • Oct 14Morgan Advanced Materials plc Provides Earnings Guidance for the Full Year of 2025Morgan Advanced Materials plc provided earnings guidance for the full year of 2025. For the year, The company expects lower than expected revenue. Sales to be c.4% lower than the prior year, on an organic constant currency basis. With under-recovered costs from lower sales volumes in the short-term, a weaker mix and some FX impact, the company now expects to deliver an adjusted operating profit margin of 10% for the year.
공시 • Nov 05Morgan Advanced Materials plc Provides Earnings Guidance for the Year 2024Morgan Advanced Materials plc provided earnings guidance for the year 2024. For the year, the company expects constant currency revenue growth for the full financial year is now around 3%.
공시 • Nov 09Morgan Advanced Materials plc Provides Earnings Guidance for the Full Year 2023Morgan Advanced Materials plc provided earnings guidance for the full year 2023. For the year, the company expects organic revenue growth is unchanged at 2%-4%. The group has continued to benefit from strong growth in its Semiconductor, Healthcare and Aerospace end-markets, offsetting weakness in European and China industrial markets. Seals & Bearings performance was influenced in part by phasing of armour orders.
공시 • Jun 29Morgan Advanced Materials plc Provides Sales Guidance for the Second Quarter and Six Months Ended June 2023 and Full Year of 2023Morgan Advanced Materials plc provided sales guidance for the second quarter and six months ended June 2023 and full year of 2023. Sales for the six months to June 2023 are expected to be around 2% higher on an organic constant-currency basis, compared to the same period last year. Following a period in which the cyber incident disrupted trading in the first quarter, sales in the second quarter are expected to be around 9% higher than the second quarter of 2022.There has been no change in the Board's expectations for the full year, with organic revenue growth expected to be 2-4%.
공시 • Feb 07Morgan Advanced Materials plc Provides Earnings Guidance for the Fiscal Year 2022Morgan Advanced Materials plc provided earnings guidance for the fiscal year 2022. Revenue growth remained robust in the final two months of the year with revenue expected to be around £1.1 billion, representing growth of 16% or 11% at constant currency.
공시 • Mar 06+ 1 more updateMorgan Advanced Materials plc Provides Revenue Guidance for the Full Year 2022Morgan Advanced Materials plc provided revenue guidance for the full year 2022. The company has seen good order momentum coming into the year and anticipate organic revenue growth of 4%-7% in 2022, assuming no significant change in market momentum.
공시 • Mar 26Morgan Advanced Materials plc, Annual General Meeting, May 07, 2026Morgan Advanced Materials plc, Annual General Meeting, May 07, 2026. Location: slaughter and mays offices, one bunhill row, ec1y 8yy, london United Kingdom
Board Change • Dec 30High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-executive Director Mary Ryan was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Oct 14Morgan Advanced Materials plc Provides Earnings Guidance for the Full Year of 2025Morgan Advanced Materials plc provided earnings guidance for the full year of 2025. For the year, The company expects lower than expected revenue. Sales to be c.4% lower than the prior year, on an organic constant currency basis. With under-recovered costs from lower sales volumes in the short-term, a weaker mix and some FX impact, the company now expects to deliver an adjusted operating profit margin of 10% for the year.
공시 • Oct 06Morgan Advanced Materials plc Announces the Appointment of Mary Ryan CBE as a Non-Executive Director, Effective on 1 November 2025Morgan Advanced Materials plc announced the appointment of Professor Mary Ryan CBE as a non-executive director. Mary will join the Morgan Board on 1 November 2025. Mary is a leading materials scientist at Imperial College London ("Imperial"), where she currently serves as Vice-Provost for Research and Enterpriseand the Armourers & Brasiers' Chair in Materials Science. She has significant industry exposure, having led Imperial's partnerships with several major corporates including Shell, Rio Tinto and Hitachi. She is a Board member of the Francis Crick Institute and a Governing Board member of the Henry Royce Institute, the UK's national institute for advanced materials research and innovation. She is also a non-executive director of the UK Atomic Energy Authority Board.
공시 • Aug 08+ 1 more updateMorgan Advanced Materials plc Resolves Interim Dividend for the First Half Ended June 30, 2025, Payable on November 17, 2025Morgan Advanced Materials plc announced that the board has resolved to pay an interim dividend of 5.4 pence (First half of 2024: 5.4 pence) per Ordinary share for the first half ended June 30, 2025. The interim dividend will be paid on 17 November 2025 to Ordinary shareholders on the register of members at the close of trading on 24 October 2025. The ex-dividend date will be 23 October 2025.
공시 • Jul 03Morgan Advanced Materials plc Announces Termination of Peter Raby as DirectorMorgan Advanced Materials plc announced termination of Peter Raby as director. Date of termination: July 1, 2025.
공시 • Mar 27Morgan Advanced Materials plc, Annual General Meeting, May 08, 2025Morgan Advanced Materials plc, Annual General Meeting, May 08, 2025. Location: york house, sheet street, berkshire sl4 1dd, windsor United Kingdom
공시 • Mar 25Morgan Advanced Materials plc to Report First Half, 2025 Results on Aug 07, 2025Morgan Advanced Materials plc announced that they will report first half, 2025 results on Aug 07, 2025
공시 • Feb 28Morgan Advanced Materials plc Appoints Jane Lodge as Non-Executive Director, Effect from 1 June 2025FirstGroup plc announced that Jane Lodge, a Non-Executive Director of FirstGroup plc, will be appointed as a Non-Executive Director of Morgan Advanced Materials PLC with effect from 1 June 2025.
공시 • Jan 17Morgan Advanced Materials plc Announces CEO Changes, Effective 1 July 2025Morgan Advanced Materials plc announced that Pete Raby has informed the board of his intention to retire as CEO following a decade in the role. It is intended that Pete will be stepping down as CEO on 1 July 2025, but will continue to provide support for the transition until the end of August 2025. The board announced that Damien Caby, currently President of the Thermal Products Division, is appointed CEO Designate. Damien has been selected following a comprehensive process that considered internal and external candidates and will assume the CEO role on 1 July 2025.
공시 • Jan 16+ 1 more updateMorgan Advanced Materials plc to Report Fiscal Year 2024 Results on Feb 28, 2025Morgan Advanced Materials plc announced that they will report fiscal year 2024 results at 7:00 AM, Coordinated Universal Time on Feb 28, 2025
공시 • Nov 05Morgan Advanced Materials plc Provides Earnings Guidance for the Year 2024Morgan Advanced Materials plc provided earnings guidance for the year 2024. For the year, the company expects constant currency revenue growth for the full financial year is now around 3%.
Upcoming Dividend • Oct 17Upcoming dividend of UK£0.054 per shareEligible shareholders must have bought the stock before 24 October 2024. Payment date: 15 November 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.5%).
Buy Or Sell Opportunity • Aug 16Now 20% overvaluedOver the last 90 days, the stock has fallen 4.2% to €3.62. The fair value is estimated to be €3.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 8.4% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.
Declared Dividend • Aug 08First half dividend of UK£0.054 announcedShareholders will receive a dividend of UK£0.054. Ex-date: 24th October 2024 Payment date: 15th November 2024 Dividend yield will be 3.7%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 07First half 2024 earnings released: EPS: UK£0.13 (vs UK£0.052 in 1H 2023)First half 2024 results: EPS: UK£0.13 (up from UK£0.052 in 1H 2023). Revenue: UK£572.6m (up 3.4% from 1H 2023). Net income: UK£37.4m (up 153% from 1H 2023). Profit margin: 6.5% (up from 2.7% in 1H 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
공시 • Aug 06Morgan Advanced Materials plc Resolves an Interim Dividend, Payable on 15 November 2024The board of Morgan Advanced Materials plc has resolved to pay an interim dividend of 5.4 pence (2023: 5.3 pence) per ordinary share. The interim dividend will be paid on 15 November 2024 to ordinary shareholders on the register of members at the close of trading on 25 October 2024. The ex-dividend date will be 24 October 2024.
공시 • Jul 24Morgan Advanced Materials plc Appoints Alison Wood as Senior Independent Director, Effective 1 November 2024Morgan Advanced Materials plc announces the appointment of Alison Wood as Senior Independent Director. Alison will join the Board on 1 November 2024; at which point Laurence Mulliez will step down as Senior Independent Director and a director of the Company. Alison is a highly experienced non-executive director with a significant background in international industrials. She brings deep governance expertise gained across numerous listed businesses, having served as Chair, Senior Independent Director and Remuneration Committee Chair in a number of FTSE 350 businesses. In her executive career, she was central to the strategic development of BAE Systems plc as Group Strategic Development Director (2004 to 2008) and was also Global Director of Strategy and Corporate Development at National Grid plc (2008 to 2013). She currently serves as Chair of Galliford Try Holdings plc, Senior Independent Director and Remuneration Committee Chair of Oxford Instruments plc and Remuneration Committee Chair of TT Electronics plc.
Upcoming Dividend • Apr 18Upcoming dividend of UK£0.067 per shareEligible shareholders must have bought the stock before 25 April 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.2%).
Buy Or Sell Opportunity • Apr 12Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 7.1% to €3.32. The fair value is estimated to be €2.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 25% per annum over the same time period.
New Risk • Apr 08New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (46% net debt to equity). Dividend is not well covered by cash flows (189% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.2% net profit margin).
공시 • Apr 06Morgan Advanced Materials plc, Annual General Meeting, May 09, 2024Morgan Advanced Materials plc, Annual General Meeting, May 09, 2024, at 09:30 Coordinated Universal Time. Location: offices of Slaughter and May, One Bunhill Row, London, EC1Y 8YY London United Kingdom
공시 • Mar 14Morgan Advanced Materials plc Recommends Final Dividend for the Period Ended 31 December 2023, Payable on 17 May 2024Morgan Advanced Materials plc announced that the Board is recommending a final dividend, subject to shareholder approval, of 6.7 pence per share on the Ordinary share capital of the Group, payable on 17 May 2024 to Ordinary shareholders on the register at the close of business on 26 April 2024. The ex-dividend date is 25 April 2024.
Reported Earnings • Mar 13Full year 2023 earnings released: EPS: UK£0.16 (vs UK£0.31 in FY 2022)Full year 2023 results: EPS: UK£0.16 (down from UK£0.31 in FY 2022). Revenue: UK£1.11b (flat on FY 2022). Net income: UK£46.6m (down 46% from FY 2022). Profit margin: 4.2% (down from 7.8% in FY 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
공시 • Nov 09Morgan Advanced Materials plc Provides Earnings Guidance for the Full Year 2023Morgan Advanced Materials plc provided earnings guidance for the full year 2023. For the year, the company expects organic revenue growth is unchanged at 2%-4%. The group has continued to benefit from strong growth in its Semiconductor, Healthcare and Aerospace end-markets, offsetting weakness in European and China industrial markets. Seals & Bearings performance was influenced in part by phasing of armour orders.
Upcoming Dividend • Oct 19Upcoming dividend of UK£0.053 per share at 5.1% yieldEligible shareholders must have bought the stock before 26 October 2023. Payment date: 17 November 2023. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.0%).
New Risk • Aug 06New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (24% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Aug 06First half 2023 earnings released: EPS: UK£0.052 (vs UK£0.15 in 1H 2022)First half 2023 results: EPS: UK£0.052 (down from UK£0.15 in 1H 2022). Revenue: UK£553.9m (up 4.5% from 1H 2022). Net income: UK£14.8m (down 66% from 1H 2022). Profit margin: 2.7% (down from 8.1% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany.
공시 • Aug 05Morgan Advanced Materials plc Resolves Interim Dividend, Payable on 17 November 2023The Board of Morgan Advanced Materials plc has resolved to pay an interim dividend of 5.3 pence per Ordinary share. The interim dividend will be paid on 17 November 2023 to Ordinary shareholders on the register of members at the close of trading on 27 October 2023. The ex-dividend date will be 26 October 2023. This compares to an interim dividend paid in the fourth quarter of 2022 of 5.3 pence per Ordinary share.
공시 • Jul 01Morgan Advanced Materials plc Elects Ian Marchant as ChairMorgan Advanced Materials plc at the AGM held on 29 June 2023, further to the announcement on 18 January 2023, the Company confirms that Douglas Caster has retired as Chair and Non-executive Director and that Ian Marchant has taken over as Chair.
공시 • Jun 29Morgan Advanced Materials plc Provides Sales Guidance for the Second Quarter and Six Months Ended June 2023 and Full Year of 2023Morgan Advanced Materials plc provided sales guidance for the second quarter and six months ended June 2023 and full year of 2023. Sales for the six months to June 2023 are expected to be around 2% higher on an organic constant-currency basis, compared to the same period last year. Following a period in which the cyber incident disrupted trading in the first quarter, sales in the second quarter are expected to be around 9% higher than the second quarter of 2022.There has been no change in the Board's expectations for the full year, with organic revenue growth expected to be 2-4%.
Upcoming Dividend • Jun 02Upcoming dividend of UK£0.067 per share at 4.2% yieldEligible shareholders must have bought the stock before 08 June 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.9%).
Buying Opportunity • May 28Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 9.1%. The fair value is estimated to be €4.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings is also forecast to grow by 7.3% per annum over the same time period.
공시 • May 05Morgan Advanced Materials plc, Annual General Meeting, Jun 29, 2023Morgan Advanced Materials plc, Annual General Meeting, Jun 29, 2023, at 09:30 Coordinated Universal Time. Location: offices of Slaughter and May, One Bunhill Row London EC1Y 8YY London United Kingdom
Reported Earnings • Apr 30Full year 2022 earnings released: EPS: UK£0.31 (vs UK£0.24 in FY 2021)Full year 2022 results: EPS: UK£0.31 (up from UK£0.24 in FY 2021). Revenue: UK£1.11b (up 17% from FY 2021). Net income: UK£86.9m (up 28% from FY 2021). Profit margin: 7.8% (up from 7.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany.
공시 • Feb 07Morgan Advanced Materials plc Provides Earnings Guidance for the Fiscal Year 2022Morgan Advanced Materials plc provided earnings guidance for the fiscal year 2022. Revenue growth remained robust in the final two months of the year with revenue expected to be around £1.1 billion, representing growth of 16% or 11% at constant currency.
공시 • Jan 18Morgan Advanced Materials plc Announces Board ChangesMorgan Advanced Materials plc announced the appointment of Ian Marchant as a director and Chair designate. Ian will join the Board as a Non-Executive Director on 1 February 2023 and will succeed Douglas Caster as the Company's Chair after the Company's 2023 AGM, subject to shareholder approval; at which point Douglas will stand down as a director of the Company. Ian is a highly strategic and successful leader with more than 35 years of wide-ranging experience at major businesses, bringing a strong track record of value creation and listed board experience. Ian served as Chief Executive of SSE plc from October 2002 to June 2013; prior to this he was the Finance Director of SSE and Southern Electric plc. He is a seasoned non-executive director and chair, having served as Chair of John Wood Group plc and on the Board of Aggreko plc. He currently serves as Chair of Thames Water Utilities Ltd. and Logan Energy Ltd.
Buying Opportunity • Dec 17Now 22% undervaluedOver the last 90 days, the stock is up 28%. The fair value is estimated to be €4.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings is also forecast to grow by 4.9% per annum over the same time period.
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. CFO & Director Richard Armitage was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to €3.28, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.93 per share.
Upcoming Dividend • Oct 20Upcoming dividend of UK£0.053 per shareEligible shareholders must have bought the stock before 27 October 2022. Payment date: 18 November 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (5.2%). Higher than average of industry peers (3.0%).
공시 • Oct 04Morgan Advanced Materials plc to Report Fiscal Year 2022 Results on Feb 28, 2023Morgan Advanced Materials plc announced that they will report fiscal year 2022 results on Feb 28, 2023
Reported Earnings • Jul 30First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£37.6m from profit in 1H 2021). Profit margin: (down from 8.2% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 1.2%, compared to a 9.5% growth forecast for the industry in Germany.
공시 • Jul 29Morgan Advanced Materials plc Announces Interim Dividend for 2022, Payable on November 18, 2022Morgan Advanced Materials plc announced that the Board has resolved to pay an interim dividend of 5.3 pence per Ordinary share. The interim dividend will be paid on 18 November 2022 to Ordinary shareholders on the register of members at the close of trading on 28 October 2022. The ex-dividend date will be 27 October 2022. This compares to an interim dividend paid in the fourth quarter of 2021 of 3.2 pence per Ordinary share.
Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Clement Woon was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • May 06Morgan Advanced Materials plc Announces CFO Changes, Effective from 30 May 2022Morgan Advanced Materials plc confirms that Peter Turner will retire as Chief Financial Officer and step down from the Board on 30 May 2022. Richard Armitage, whose appointment was announced on 15 October 2021, will join Morgan's Board and be appointed Chief Financial Officer on the same day.
Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Clement Woon was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Apr 25Morgan Advanced Materials plc to Report First Half, 2022 Results on Jul 29, 2022Morgan Advanced Materials plc announced that they will report first half, 2022 results on Jul 29, 2022
Upcoming Dividend • Apr 21Upcoming dividend of UK£0.059 per shareEligible shareholders must have bought the stock before 28 April 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.9%). Higher than average of industry peers (2.4%).
공시 • Apr 02Morgan Advanced Materials plc, Annual General Meeting, May 05, 2022Morgan Advanced Materials plc, Annual General Meeting, May 05, 2022, at 09:30 Coordinated Universal Time. Location: York House, Sheet Street SL4 1DD Windsor United Kingdom Agenda: Annual General Meeting.
공시 • Mar 06+ 1 more updateMorgan Advanced Materials plc Provides Revenue Guidance for the Full Year 2022Morgan Advanced Materials plc provided revenue guidance for the full year 2022. The company has seen good order momentum coming into the year and anticipate organic revenue growth of 4%-7% in 2022, assuming no significant change in market momentum.
Reported Earnings • Mar 05Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: UK£0.24 (up from UK£0.086 loss in FY 2020). Revenue: UK£950.5m (up 4.4% from FY 2020). Net income: UK£68.1m (up UK£92.6m from FY 2020). Profit margin: 7.2% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 3.8%, compared to a 10% growth forecast for the industry in Germany.
Buying Opportunity • Feb 09Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.7%. The fair value is estimated to be UK£4.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% per annum over the last 3 years. Earnings per share has declined by 49% per annum over the last 3 years.
Board Change • Dec 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Clement Woon was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Oct 21Upcoming dividend of UK£0.032 per shareEligible shareholders must have bought the stock before 28 October 2021. Payment date: 19 November 2021. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%).
Reported Earnings • Aug 01First half 2021 earnings released: EPS UK£0.13 (vs UK£0.099 loss in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: UK£461.2m (down 3.5% from 1H 2020). Net income: UK£37.6m (up UK£65.8m from 1H 2020). Profit margin: 8.2% (up from net loss in 1H 2020).
공시 • May 06Morgan Advanced Materials plc Announces Revenue Guidance for the Full Year 2021Morgan Advanced Materials plc announced revenue guidance for the full year 2021. For the year, the company is raising its guidance for the Group's organic constant currency sales growth to be in the range of 5 to 8%.
Reported Earnings • Apr 03Full year 2020 earnings released: UK£0.086 loss per share (vs UK£0.25 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: UK£910.7m (down 13% from FY 2019). Net loss: UK£24.5m (down 134% from profit in FY 2019).
Reported Earnings • Mar 05Full year 2020 earnings released: UK£0.086 loss per share (vs UK£0.25 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: UK£910.7m (down 13% from FY 2019). Net loss: UK£24.5m (down 134% from profit in FY 2019).
Analyst Estimate Surprise Post Earnings • Mar 05Revenue beats expectationsRevenue exceeded analyst estimates by 0.3%. Over the next year, revenue is expected to shrink by 2.0% compared to a 5.9% growth forecast for the Machinery industry in Germany.