Morgan Advanced Materials Future Growth
Future criteria checks 4/6
Morgan Advanced Materials is forecast to grow earnings and revenue by 60.4% and 2.9% per annum respectively. EPS is expected to grow by 47.2% per annum. Return on equity is forecast to be 21.1% in 3 years.
Key information
60.4%
Earnings growth rate
47.18%
EPS growth rate
| Machinery earnings growth | 13.0% |
| Revenue growth rate | 2.9% |
| Future return on equity | 21.14% |
| Analyst coverage | Good |
| Last updated | 26 May 2026 |
Recent future growth updates
Recent updates
Narrative Update • Jun 03
MGAM: Higher Margins And Refined P/E Assumptions Will Drive Future Upside
The latest analyst price target for Morgan Advanced Materials has been refined to reflect mixed Street views, with Citi and Deutsche Bank lifting targets to £2.35 and £2.10 respectively, while Jefferies trims its target by £0.25, as analysts factor in updated assumptions on discount rates, revenue growth, profit margins and future P/E levels. Analyst Commentary Recent research shows a split in sentiment, with one investment bank trimming its price target while others refine their models upward.Narrative Update • May 12
MGAM: Higher Margins And Refined P/E Assumptions Will Support Upside
The latest analyst work on Morgan Advanced Materials points to a modestly higher blended price target around £2.15 per share, reflecting both upward revisions from Citi and Deutsche Bank and a more cautious cut from Jefferies as analysts balance slightly adjusted assumptions for discount rates, revenue growth, margins and future P/E. Analyst Commentary Recent research on Morgan Advanced Materials shows a mixed but generally constructive tone, with several bullish analysts nudging price targets higher and one trimming expectations.Narrative Update • Apr 26
MGAM: Higher P/E Assumptions And Refined Earnings Views Will Support Upside
Narrative Update: Morgan Advanced Materials The analyst price target for Morgan Advanced Materials has shifted within a range of around £2.10 to £2.35 per share, as analysts adjust their views in light of updated assumptions for discount rates, revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent Street research on Morgan Advanced Materials points to a mixed but generally supportive tone, with analysts refining their assumptions rather than changing their overall stance on the company.Narrative Update • Apr 11
MGAM: Higher Margin Assumptions And Mixed P E Views Will Support Upside
The analyst price target for Morgan Advanced Materials has been adjusted to reflect mixed recent research, with some firms lifting targets into the £2.10 to £2.65 range and others trimming estimates, as analysts reassess assumptions for growth, margins and future P/E multiples. Analyst Commentary Recent Street research around Morgan Advanced Materials shows a split set of views, with some bullish analysts lifting price targets and others trimming them, as they reassess the shares against updated expectations for growth, margins and future P/E multiples.Narrative Update • Mar 26
MGAM: Higher Margin Assumptions And Refined P E Framework Will Support Upside
Narrative Update on Morgan Advanced Materials The analyst price target for Morgan Advanced Materials has been revised higher to £2.35 per share. This reflects analysts' updated assumptions on slightly higher revenue growth, improved profit margins, a modestly adjusted discount rate and a somewhat lower future P/E multiple.Narrative Update • Mar 11
MGAM: Higher Implied P/E Framework Will Support Future Upside Potential
Analysts have lifted their average price targets for Morgan Advanced Materials to a range of about £2.10 to £2.65 per share, reflecting updated views on revenue growth, margins and an assumed future P/E of roughly 14x. Analyst Commentary Recent Street research on Morgan Advanced Materials has centered on price target adjustments in a relatively tight range, with reference points moving to £2.10 and £2.65 per share.Narrative Update • Feb 23
MGAM: Refined Capital Allocation And Margin Assumptions Will Support Future Upside Potential
Analysts have raised their price target on Morgan Advanced Materials to £2.65, citing refinements to discount rate, revenue growth, profit margin and future P/E assumptions that keep estimated fair value broadly unchanged. Analyst Commentary Bullish analysts pointing to the £2.65 price target see the latest work on discount rate, revenue, profit margin and future P/E assumptions as a sign that their constructive view on Morgan Advanced Materials still holds, even as they fine tune the model inputs.Narrative Update • Feb 08
MGAM: Portfolio Actions And Higher Margin Framework Will Support Future Upside Potential
Analysts have raised their price target on Morgan Advanced Materials to £2.65 per share, citing updated assumptions around the discount rate, profit margin, and future P/E ratio as the main drivers of the change. Analyst Commentary Recent Street research on Morgan Advanced Materials has centered on the updated price target of £2.65 per share, with bullish analysts highlighting how their refreshed assumptions feed into this valuation.Narrative Update • Jan 25
MGAM: Future Portfolio Actions And Capital Discipline Will Support Upside Potential
Analysts have raised their price target on Morgan Advanced Materials to £2.65 per share, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Bullish analysts see the revised £2.65 price target as a fresh reference point for what they view as fair value, based on updated assumptions for discount rate, revenue growth, profit margins and future P/E.Narrative Update • Jan 09
MGAM: Future Capital Discipline And Portfolio Moves Will Support Upside Potential
Analysts have reduced their price target for Morgan Advanced Materials to £2.05 per share from £2.35, citing updated assumptions about fair value, discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent research points to a more cautious stance on Morgan Advanced Materials, with the price target set at £2.05 per share and a Hold rating maintained.
Narrative Update • Dec 25
MGAM: Future Returns Will Reflect Lowered 205 GBp Outlook With Resilient Margins
Analysts have lowered their price target on Morgan Advanced Materials from 235 GBp to 205 GBp, reflecting a more cautious view on the company despite only marginal adjustments to the discount rate, revenue growth, profit margin and future P E assumptions. Analyst Commentary Bullish analysts note that the revised price target still implies some upside from current trading levels, suggesting that the market has already priced in a more conservative outlook for earnings and margins.Narrative Update • Dec 11
MGAM: Future Returns Will Reflect Resilient Margins Despite Lowered Price Expectation
Analysts have lowered their price target on Morgan Advanced Materials by 30 GBp to 205 GBp, reflecting tempered expectations despite largely unchanged long term growth and profitability assumptions. Analyst Commentary Bullish analysts view the revised 205 GBp target as consistent with a fundamentally intact long term growth profile, arguing that the reduction mainly reflects near term recalibration rather than a structural downgrade to the company’s earnings power.Narrative Update • Nov 26
MGAM: Future Performance Will Reflect Resilience Despite Revised Price Expectations
Narrative Update on Morgan Advanced Materials Analysts have lowered their price target for Morgan Advanced Materials from approximately £2.35 to £2.05. This change reflects recent reductions in growth expectations, profit margins, and fair value estimates.Analysis Article • Oct 06
Morgan Advanced Materials (LON:MGAM) Is Due To Pay A Dividend Of £0.054
Morgan Advanced Materials plc ( LON:MGAM ) has announced that it will pay a dividend of £0.054 per share on the 17th of...Analysis Article • Oct 04
Morgan Advanced Materials plc (LON:MGAM) Not Flying Under The Radar
When close to half the companies in the United Kingdom have price-to-earnings ratios (or "P/E's") below 16x, you may...Narrative Update • Sep 04
Semiconductor Capacity Expansion And Decarbonization Will Unlock New Opportunities
Morgan Advanced Materials’ revenue growth forecasts have been revised downward from 2.6% to 2.3%, while valuation metrics such as Future P/E remain broadly stable, resulting in an unchanged consensus price target of £2.50. What's in the News RBC Capital has lowered its price target for Morgan Advanced Materials from 275 GBp to 250 GBp but maintained an Outperform rating (Periodicals).Analysis Article • Sep 03
Returns On Capital At Morgan Advanced Materials (LON:MGAM) Have Stalled
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...Analysis Article • Aug 10
Morgan Advanced Materials plc (LON:MGAM) Half-Yearly Results: Here's What Analysts Are Forecasting For This Year
LSE:MGAM 1 Year Share Price vs Fair Value Explore Morgan Advanced Materials's Fair Values from the Community and select...Analysis Article • Aug 08
Morgan Advanced Materials plc's (LON:MGAM) Intrinsic Value Is Potentially 64% Above Its Share Price
Key Insights Using the 2 Stage Free Cash Flow to Equity, Morgan Advanced Materials fair value estimate is UK£3.21...Analysis Article • Apr 30
Is It Time To Consider Buying Morgan Advanced Materials plc (LON:MGAM)?
Morgan Advanced Materials plc ( LON:MGAM ), is not the largest company out there, but it saw a decent share price...
New Narrative • Mar 19
Investment In Clean Energy And Healthcare Sectors Will Strengthen Future Prospects
The accelerated restructuring program, capital expenditure, and share buyback are poised to enhance profitability, operating margins, and earnings per share.Analysis Article • Mar 01
Morgan Advanced Materials plc's (LON:MGAM) Shares Not Telling The Full Story
Morgan Advanced Materials plc's ( LON:MGAM ) price-to-earnings (or "P/E") ratio of 12x might make it look like a buy...Analysis Article • Sep 23
Is Now An Opportune Moment To Examine Morgan Advanced Materials plc (LON:MGAM)?
Morgan Advanced Materials plc ( LON:MGAM ), might not be a large cap stock, but it received a lot of attention from a...Analysis Article • Sep 07
Here's Why Morgan Advanced Materials (LON:MGAM) Can Manage Its Debt Responsibly
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Aug 09
Morgan Advanced Materials (LON:MGAM) Is Due To Pay A Dividend Of £0.054
The board of Morgan Advanced Materials plc ( LON:MGAM ) has announced that it will pay a dividend of £0.054 per share...Analysis Article • May 24
Is There Now An Opportunity In Morgan Advanced Materials plc (LON:MGAM)?
While Morgan Advanced Materials plc ( LON:MGAM ) might not have the largest market cap around , it led the LSE gainers...Analysis Article • Apr 25
Here's What To Make Of Morgan Advanced Materials' (LON:MGAM) Decelerating Rates Of Return
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Mar 20
There May Be Reason For Hope In Morgan Advanced Materials' (LON:MGAM) Disappointing Earnings
Soft earnings didn't appear to concern Morgan Advanced Materials plc's ( LON:MGAM ) shareholders over the last week. We...Analysis Article • Dec 20
Here's Why Morgan Advanced Materials (LON:MGAM) Has A Meaningful Debt Burden
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Nov 04
Is It Too Late To Consider Buying Morgan Advanced Materials plc (LON:MGAM)?
Morgan Advanced Materials plc ( LON:MGAM ), is not the largest company out there, but it received a lot of attention...Analysis Article • Sep 10
Morgan Advanced Materials (LON:MGAM) Is Paying Out A Dividend Of £0.053
Morgan Advanced Materials plc's ( LON:MGAM ) investors are due to receive a payment of £0.053 per share on 17th of...Analysis Article • Aug 27
Morgan Advanced Materials (LON:MGAM) Has Affirmed Its Dividend Of £0.053
The board of Morgan Advanced Materials plc ( LON:MGAM ) has announced that it will pay a dividend of £0.053 per share...Analysis Article • Aug 08
Morgan Advanced Materials (LON:MGAM) Will Pay A Dividend Of £0.053
Morgan Advanced Materials plc's ( LON:MGAM ) investors are due to receive a payment of £0.053 per share on 17th of...Analysis Article • Jun 12
Does Morgan Advanced Materials (LON:MGAM) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Feb 08
A Look At The Fair Value Of Morgan Advanced Materials plc (LON:MGAM)
Today we will run through one way of estimating the intrinsic value of Morgan Advanced Materials plc ( LON:MGAM ) by...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 1,081 | 62 | 63 | 119 | 6 |
| 12/31/2027 | 1,045 | 48 | 44 | 100 | 7 |
| 12/31/2026 | 1,010 | 29 | 14 | 69 | 7 |
| 12/31/2025 | 997 | -3 | 51 | 118 | N/A |
| 6/30/2025 | 1,051 | 28 | 27 | 118 | N/A |
| 3/31/2025 | 1,076 | 39 | 22 | 116 | N/A |
| 12/31/2024 | 1,060 | 47 | 17 | 113 | N/A |
| 6/30/2024 | 1,133 | 69 | 47 | 129 | N/A |
| 3/31/2024 | 1,124 | 58 | 33 | 104 | N/A |
| 12/31/2023 | 1,115 | 47 | 18 | 79 | N/A |
| 6/30/2023 | 1,136 | 59 | -76 | -17 | N/A |
| 3/31/2023 | 1,124 | 73 | -58 | 1 | N/A |
| 12/31/2022 | 1,112 | 87 | -39 | 19 | N/A |
| 6/30/2022 | 1,020 | 73 | 38 | 82 | N/A |
| 3/31/2022 | 985 | 71 | 56 | 94 | N/A |
| 12/31/2021 | 951 | 68 | 74 | 105 | N/A |
| 6/30/2021 | 894 | 41 | 87 | 112 | N/A |
| 3/31/2021 | 902 | 8 | 84 | 111 | N/A |
| 12/31/2020 | 911 | -24 | 80 | 110 | N/A |
| 6/30/2020 | 1,002 | 8 | 86 | 130 | N/A |
| 3/31/2020 | 1,026 | 40 | 76 | 126 | N/A |
| 12/31/2019 | 1,050 | 72 | 66 | 122 | N/A |
| 6/30/2019 | 1,045 | 58 | N/A | 96 | N/A |
| 3/31/2019 | 1,040 | 57 | N/A | 97 | N/A |
| 12/31/2018 | 1,034 | 57 | N/A | 98 | N/A |
| 6/30/2018 | 997 | 67 | N/A | 71 | N/A |
| 3/31/2018 | 999 | 88 | N/A | 65 | N/A |
| 12/31/2017 | 1,001 | 109 | N/A | 59 | N/A |
| 9/30/2017 | 1,027 | 104 | N/A | 73 | N/A |
| 6/30/2017 | 1,033 | 100 | N/A | 86 | N/A |
| 3/31/2017 | 1,011 | 76 | N/A | 85 | N/A |
| 12/31/2016 | 989 | 52 | N/A | 84 | N/A |
| 9/30/2016 | 954 | 41 | N/A | 85 | N/A |
| 6/30/2016 | 918 | 31 | N/A | 86 | N/A |
| 3/31/2016 | 915 | 32 | N/A | 88 | N/A |
| 12/31/2015 | 912 | 34 | N/A | 91 | N/A |
| 9/30/2015 | 927 | 25 | N/A | 87 | N/A |
| 6/30/2015 | 943 | 16 | N/A | 83 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MGAM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.4%).
Earnings vs Market: MGAM is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MGAM is expected to become profitable in the next 3 years.
Revenue vs Market: MGAM's revenue (2.9% per year) is forecast to grow slower than the UK market (4.5% per year).
High Growth Revenue: MGAM's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MGAM's Return on Equity is forecast to be high in 3 years time (21.1%)
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/11 04:39 |
| End of Day Share Price | 2026/06/11 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Morgan Advanced Materials plc is covered by 20 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jonathan Hurn | Barclays |
| Andrew Simms | Berenberg |
| Robert Chantry | Berenberg |