AIM:MTW

Stock Analysis Report

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Executive Summary

Mattioli Woods plc provides wealth management and employee benefit services in the United Kingdom. More Details


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.

Share Price & News

How has Mattioli Woods's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MTW is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MTW's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

4.6%

MTW

-1.8%

GB Capital Markets

0.0002%

GB Market


1 Year Return

1.4%

MTW

-1.0%

GB Capital Markets

-10.0%

GB Market

Return vs Industry: MTW exceeded the UK Capital Markets industry which returned -1% over the past year.

Return vs Market: MTW exceeded the UK Market which returned -10% over the past year.


Shareholder returns

MTWIndustryMarket
7 Day4.6%-1.8%0.0002%
30 Day13.0%4.2%10.0%
90 Day5.3%0.3%7.0%
1 Year4.2%1.4%2.4%-1.0%-6.4%-10.0%
3 Year1.1%-6.3%24.6%10.0%1.3%-11.1%
5 Year28.6%15.1%64.2%34.7%25.7%-2.9%

Long-Term Price Volatility Vs. Market

How volatile is Mattioli Woods's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mattioli Woods undervalued compared to its fair value and its price relative to the market?

19.57x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MTW (£7.4) is trading above our estimate of fair value (£5.36)

Significantly Below Fair Value: MTW is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MTW is poor value based on its PE Ratio (19.6x) compared to the GB Capital Markets industry average (18.9x).

PE vs Market: MTW is good value based on its PE Ratio (19.6x) compared to the UK market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: MTW is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: MTW is overvalued based on its PB Ratio (2.2x) compared to the GB Capital Markets industry average (1.3x).


Next Steps

Future Growth

How is Mattioli Woods forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

6.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTW's forecast earnings growth (6.5% per year) is above the savings rate (1.2%).

Earnings vs Market: MTW's earnings (6.5% per year) are forecast to grow slower than the UK market (27.3% per year).

High Growth Earnings: MTW's earnings are forecast to grow, but not significantly.

Revenue vs Market: MTW's revenue (7.2% per year) is forecast to grow faster than the UK market (6.7% per year).

High Growth Revenue: MTW's revenue (7.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MTW's Return on Equity is forecast to be low in 3 years time (11.1%).


Next Steps

Past Performance

How has Mattioli Woods performed over the past 5 years?

16.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MTW has high quality earnings.

Growing Profit Margin: MTW's current net profit margins (17.4%) are higher than last year (13.6%).


Past Earnings Growth Analysis

Earnings Trend: MTW's earnings have grown by 16% per year over the past 5 years.

Accelerating Growth: MTW's earnings growth over the past year (30.1%) exceeds its 5-year average (16% per year).

Earnings vs Industry: MTW earnings growth over the past year (30.1%) exceeded the Capital Markets industry 1.8%.


Return on Equity

High ROE: MTW's Return on Equity (11.1%) is considered low.


Next Steps

Financial Health

How is Mattioli Woods's financial position?


Financial Position Analysis

Short Term Liabilities: MTW's short term assets (£43.9M) exceed its short term liabilities (£15.1M).

Long Term Liabilities: MTW's short term assets (£43.9M) exceed its long term liabilities (£8.1M).


Debt to Equity History and Analysis

Debt Level: MTW is debt free.

Reducing Debt: MTW had no debt 5 years ago.

Debt Coverage: MTW has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MTW has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Mattioli Woods's current dividend yield, its reliability and sustainability?

2.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MTW's dividend (2.7%) is higher than the bottom 25% of dividend payers in the UK market (1.72%).

High Dividend: MTW's dividend (2.7%) is low compared to the top 25% of dividend payers in the UK market (4.94%).


Stability and Growth of Payments

Stable Dividend: MTW's dividends per share have been stable in the past 10 years.

Growing Dividend: MTW's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.9%), MTW's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MTW's dividends in 3 years are forecast to be well covered by earnings (45.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure


CEO

Ian Mattioli (55 yo)

no data

Tenure

UK£1,086,000

Compensation

Mr. Ian Mattioli, MBE, co-founded Mattioli Woods Plc in 1991 and serves as its Chief Executive Officer. Mr. Mattioli is Founder of Custodian REIT Plc and serves as its Chairman. He serves as Chief Executiv...


CEO Compensation Analysis

Compensation vs Market: Ian's total compensation ($USD1.45M) is above average for companies of similar size in the UK market ($USD619.78K).

Compensation vs Earnings: Ian's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ian Mattioli
Co-Founderno dataUK£1.09m12.07%
£ 25.0m
Murray Smith
Founder Directorno dataUK£445.36kno data
Nathan James Imlach
Chief Strategic Adviser0.083yrUK£570.00k0.41%
£ 840.6k
Ravi Tara
Chief Financial Officer0.083yrno data0.0040%
£ 8.2k
Mark Smith
Chief Operating Officer3.92yrsno datano data
Simon Gibson
Chief Investment Officer3.92yrsno data0.45%
£ 931.1k
George Houston
Technical Directorno datano data0.018%
£ 36.2k
Sara Andrews
Chief Business Officerno datano data0.0035%
£ 7.3k
Mark Fuller
Head of Structured Productsno datano datano data
Michael Wright
Deputy Group Managing Director1.08yrsno data0.034%
£ 69.4k
Lynnett Fenn
Financial Controllerno datano datano data
Eddy Woore
Team Directorno datano datano data

1.1yrs

Average Tenure

50.5yo

Average Age

Experienced Management: MTW's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Ian Mattioli
Co-Founderno dataUK£1.09m12.07%
£ 25.0m
Anne Gunther
Senior Independent Directorno dataUK£54.00k0.014%
£ 29.6k
Carol Duncumb
Non-Executive Director6.17yrsUK£46.00k0.031%
£ 65.1k
Joanne Lake
Independent Non-Executive Chairman4.08yrsUK£91.00k0.015%
£ 30.3k

6.2yrs

Average Tenure

56.5yo

Average Age

Experienced Board: MTW's board of directors are considered experienced (6.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MTW insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.3%.


Top Shareholders

Company Information

Mattioli Woods plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mattioli Woods plc
  • Ticker: MTW
  • Exchange: AIM
  • Founded: 1991
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£206.777m
  • Shares outstanding: 27.94m
  • Website: https://www.mattioliwoods.com

Number of Employees


Location

  • Mattioli Woods plc
  • 1 New Walk Place
  • Leicester
  • Leicestershire
  • LE1 6RU
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MTWAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPNov 2005

Biography

Mattioli Woods plc provides wealth management and employee benefit services in the United Kingdom. It operates through Pension Consultancy and Administration, Investment and Asset Management, Property Mana...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 19:40
End of Day Share Price2020/11/26 00:00
Earnings2020/05/31
Annual Earnings2020/05/31


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 here.