Loading...
JMAT logo

Johnson Matthey PlcLSE:JMAT Stock Report

Market Cap UK£3.6b
Share Price
UK£21.74
n/a
1Y62.2%
7D0%
Portfolio Value
​
View

Johnson Matthey Plc

LSE:JMAT Stock Report

Market Cap: UK£3.6b

Johnson Matthey (JMAT) Stock Overview

Engages in the clean air, catalyst and hydrogen technology, and platinum group metals (PGM) service businesses in the United Kingdom, Germany, rest of Europe, the United States, rest of North America, China, rest of Asia, and internationally. More details

JMAT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance0/6
Financial Health4/6
Dividends3/6

Rewards

Trading at 33.4% below our estimate of its fair value

Earnings are forecast to grow 24.01% per year

Risk Analysis

Dividend of 3.54% is not well covered by earnings

Has a high level of debt


JMAT Community Fair Values

Create Narrative

See what 24 others think this stock is worth. Follow their fair value or set your own to get alerts.

JMAT logo
Johnson Matthey

Urbanization And Decarbonization Will Expand Clean Air Amid EV Headwinds

Key Takeaways Efficiency gains, cost reductions, and commercial initiatives are driving margin expansion and cash flow growth beyond market expectations, especially in Clean Air and PGM Services. Leadership in emissions control, refining, and recycling positions Johnson Matthey to benefit from tighter regulations, industry trends, and growing demand for environmental technologies.
View narrative
UK£22.9
FV
5.1% undervalued intrinsic discount
-42.55%
Revenue growth p.a.
15
users have viewed this narrative
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
JMAT logo
Johnson Matthey

Automotive Electrification Will Shrink Clean Air Business Margins

Key Takeaways Retreat from battery materials and key divestitures narrows growth opportunities, increasing reliance on declining markets vulnerable to structural changes. Heightened competition, regulatory pressure, and volatile precious metals pricing threaten margins, earnings stability, and long-term cash flow consistency.
View narrative
UK£13.95
FV
55.9% overvalued intrinsic discount
-47.06%
Revenue growth p.a.
9
users have viewed this narrative
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
JMAT logo
Johnson Matthey

Resilient Margins Will Face Headwinds Despite Improved Market Confidence This Year

Key Takeaways Transformation and cost-reduction efforts are set to improve net margins and boost overall earnings. Aligning Clean Air and Hydrogen Technologies could open up cross-selling opportunities enhancing revenue growth.
View narrative
UK£21.03
FV
3.4% overvalued intrinsic discount
-39.57%
Revenue growth p.a.
209
users have viewed this narrative
0users have liked this narrative
0users have commented on this narrative
12users have followed this narrative
View Stock Community

Johnson Matthey Plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Johnson Matthey
Historical stock prices
Current Share PriceUK£21.74
52 Week HighUK£21.98
52 Week LowUK£11.31
Beta0.97
1 Month Change9.25%
3 Month Change6.57%
1 Year Change62.24%
3 Year Change2.60%
5 Year Change-15.01%
Change since IPO503.05%

Recent News & Updates

Is Johnson Matthey Plc (LON:JMAT) Trading At A 37% Discount?

Dec 14
Is Johnson Matthey Plc (LON:JMAT) Trading At A 37% Discount?

Recent updates

Is Johnson Matthey Plc (LON:JMAT) Trading At A 37% Discount?

Dec 14
Is Johnson Matthey Plc (LON:JMAT) Trading At A 37% Discount?

What Is Johnson Matthey Plc's (LON:JMAT) Share Price Doing?

Nov 14
What Is Johnson Matthey Plc's (LON:JMAT) Share Price Doing?

Johnson Matthey Plc's (LON:JMAT) Earnings Are Not Doing Enough For Some Investors

Oct 12
Johnson Matthey Plc's (LON:JMAT) Earnings Are Not Doing Enough For Some Investors

Here's Why Johnson Matthey (LON:JMAT) Has Caught The Eye Of Investors

Sep 24
Here's Why Johnson Matthey (LON:JMAT) Has Caught The Eye Of Investors

Are Investors Undervaluing Johnson Matthey Plc (LON:JMAT) By 42%?

Aug 12
Are Investors Undervaluing Johnson Matthey Plc (LON:JMAT) By 42%?

Should You Investigate Johnson Matthey Plc (LON:JMAT) At UK£18.38?

Jul 28
Should You Investigate Johnson Matthey Plc (LON:JMAT) At UK£18.38?

Does Johnson Matthey (LON:JMAT) Have A Healthy Balance Sheet?

Jun 29
Does Johnson Matthey (LON:JMAT) Have A Healthy Balance Sheet?

Johnson Matthey Plc's (LON:JMAT) Shares Bounce 27% But Its Business Still Trails The Market

Jun 13
Johnson Matthey Plc's (LON:JMAT) Shares Bounce 27% But Its Business Still Trails The Market

Johnson Matthey (LON:JMAT) Has Affirmed Its Dividend Of £0.55

May 25
Johnson Matthey (LON:JMAT) Has Affirmed Its Dividend Of £0.55

Is There An Opportunity With Johnson Matthey Plc's (LON:JMAT) 50% Undervaluation?

Mar 31
Is There An Opportunity With Johnson Matthey Plc's (LON:JMAT) 50% Undervaluation?

Is Now An Opportune Moment To Examine Johnson Matthey Plc (LON:JMAT)?

Mar 13
Is Now An Opportune Moment To Examine Johnson Matthey Plc (LON:JMAT)?

Johnson Matthey Plc's (LON:JMAT) Shares Lagging The Market But So Is The Business

Feb 21
Johnson Matthey Plc's (LON:JMAT) Shares Lagging The Market But So Is The Business
User avatar

Transformation Efforts Boost Margins, But Market Challenges Threaten Clean Air And Hydrogen Technologies

Transformation and cost-reduction efforts are set to improve net margins and boost overall earnings.

Shareholder Returns

JMATGB ChemicalsGB Market
7D0%0.6%0.7%
1Y62.2%-0.2%20.8%

Return vs Industry: JMAT exceeded the UK Chemicals industry which returned 0.6% over the past year.

Return vs Market: JMAT exceeded the UK Market which returned 20.6% over the past year.

Price Volatility

Is JMAT's price volatile compared to industry and market?
JMAT volatility
JMAT Average Weekly Movement2.7%
Chemicals Industry Average Movement6.5%
Market Average Movement4.6%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.6%

Stable Share Price: JMAT has not had significant price volatility in the past 3 months compared to the UK market.

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

About the Company

FoundedEmployeesCEOWebsite
181710,644Liam Condonmatthey.com

Johnson Matthey Plc engages in the clean air, catalyst and hydrogen technology, and platinum group metals (PGM) service businesses in the United Kingdom, Germany, rest of Europe, the United States, rest of North America, China, rest of Asia, and internationally. It operates through Clean Air, PGM Services, Catalyst Technologies, and Hydrogen Technologies segments. The Clean Air segment provides catalysts for emission control after-treatment systems to reduce harmful emissions from cars, other light duty vehicles, trucks, buses, and non-road equipment powered by internal combustion engines.

Johnson Matthey Plc Fundamentals Summary

How do Johnson Matthey's earnings and revenue compare to its market cap?
JMAT fundamental statistics
Market capUK£3.65b
Earnings (TTM)-UK£91.00m
Revenue (TTM)UK£11.72b
0.3x
P/S Ratio
-40.1x
P/E Ratio

Is JMAT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
JMAT income statement (TTM)
RevenueUK£11.72b
Cost of RevenueUK£10.81b
Gross ProfitUK£912.00m
Other ExpensesUK£1.00b
Earnings-UK£91.00m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

May 28, 2026

Earnings per share (EPS)-0.54
Gross Margin7.78%
Net Profit Margin-0.78%
Debt/Equity Ratio70.3%

How did JMAT perform over the long term?

See historical performance and comparison

Dividends

3.5%
Current Dividend Yield
-143%
Payout Ratio

Does JMAT pay a reliable dividends?

See JMAT dividend history and benchmarks
When do you need to buy JMAT by to receive an upcoming dividend?
Johnson Matthey dividend dates
Ex Dividend DateNov 27 2025
Dividend Pay DateFeb 03 2026
Days until Ex dividend34 days
Days until Dividend pay date34 days

Does JMAT pay a reliable dividends?

See JMAT dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/30 11:23
End of Day Share Price 2025/12/30 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Johnson Matthey Plc is covered by 29 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.

AnalystInstitution
Sebastian BrayBerenberg
Gunther ZechmannBernstein
Laurent FavreBNP Paribas