JMAT Stock Overview
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 and Hong Kong, rest of Asia, and internationally.
Johnson Matthey Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£20.32|
|52 Week High||UK£31.91|
|52 Week Low||UK£16.50|
|1 Month Change||-3.83%|
|3 Month Change||8.52%|
|1 Year Change||-34.39%|
|3 Year Change||-39.56%|
|5 Year Change||-29.44%|
|Change since IPO||463.66%|
Recent News & Updates
Johnson Matthey (LON:JMAT) Has A Pretty Healthy Balance Sheet
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Johnson Matthey (LON:JMAT) Is Increasing Its Dividend To UK£0.55
Johnson Matthey Plc's ( LON:JMAT ) dividend will be increasing on the 2nd of August to UK£0.55, with investors...
|JMAT||GB Chemicals||GB Market|
Return vs Industry: JMAT underperformed the UK Chemicals industry which returned -25.3% over the past year.
Return vs Market: JMAT underperformed the UK Market which returned -7.3% over the past year.
|JMAT Average Weekly Movement||7.5%|
|Chemicals Industry Average Movement||7.0%|
|Market Average Movement||5.5%|
|10% most volatile stocks in GB Market||10.8%|
|10% least volatile stocks in GB Market||2.8%|
Stable Share Price: JMAT is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: JMAT's weekly volatility (7%) has been stable over the past year.
About the Company
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 and Hong Kong, rest of Asia, and internationally. It operates through three segments: Clean Air, Efficient Natural Resources, and Other Markets. The Clean Air segment provides catalysts for emission control after-treatment systems to remove harmful emissions from vehicles, as well as cars, other light duty vehicles, trucks, buses, and non-road equipment powered by diesel and gasoline.
Johnson Matthey Fundamentals Summary
|JMAT fundamental statistics|
Is JMAT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|JMAT income statement (TTM)|
|Cost of Revenue||UK£14.99b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Nov 23, 2022
|Earnings per share (EPS)||0.63|
|Net Profit Margin||0.72%|
How did JMAT perform over the long term?See historical performance and comparison
3.8%Current Dividend Yield
Is JMAT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for JMAT?
Other financial metrics that can be useful for relative valuation.
|What is JMAT's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does JMAT's PE Ratio compare to its peers?
|JMAT PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CRDA Croda International
JMAT Johnson Matthey
Price-To-Earnings vs Peers: JMAT is good value based on its Price-To-Earnings Ratio (32x) compared to the peer average (88.1x).
Price to Earnings Ratio vs Industry
Price-To-Earnings vs Industry: JMAT is expensive based on its Price-To-Earnings Ratio (32x) compared to the UK Chemicals industry average (28.7x)
Price to Earnings Ratio vs Fair Ratio
What is JMAT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||32x|
|Fair PE Ratio||19.3x|
Price-To-Earnings vs Fair Ratio: JMAT is expensive based on its Price-To-Earnings Ratio (32x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).
Share Price vs Fair Value
What is the Fair Price of JMAT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: JMAT (£20.32) is trading below our estimate of fair value (£33.93)
Significantly Below Fair Value: JMAT is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: JMAT is poor value based on its PEG Ratio (1.7x)
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How is Johnson Matthey forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: JMAT's forecast earnings growth (19.3% per year) is above the savings rate (0.9%).
Earnings vs Market: JMAT's earnings (19.3% per year) are forecast to grow faster than the UK market (11% per year).
High Growth Earnings: JMAT's earnings are forecast to grow, but not significantly.
Revenue vs Market: JMAT's revenue is expected to decline over the next 3 years (-55.5% per year).
High Growth Revenue: JMAT's revenue is forecast to decline over the next 3 years (-55.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: JMAT's Return on Equity is forecast to be low in 3 years time (13.6%).
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How has Johnson Matthey performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: JMAT has a large one-off loss of £259.0M impacting its March 31 2022 financial results.
Growing Profit Margin: JMAT's current net profit margins (0.7%) are lower than last year (1.3%).
Past Earnings Growth Analysis
Earnings Trend: JMAT's earnings have declined by 20.3% per year over the past 5 years.
Accelerating Growth: JMAT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: JMAT had negative earnings growth (-40.2%) over the past year, making it difficult to compare to the Chemicals industry average (14.4%).
Return on Equity
High ROE: JMAT's Return on Equity (4.8%) is considered low.
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How is Johnson Matthey's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: JMAT's short term assets (£4.2B) exceed its short term liabilities (£3.2B).
Long Term Liabilities: JMAT's short term assets (£4.2B) exceed its long term liabilities (£1.1B).
Debt to Equity History and Analysis
Debt Level: JMAT's net debt to equity ratio (33.2%) is considered satisfactory.
Reducing Debt: JMAT's debt to equity ratio has increased from 46.8% to 49.3% over the past 5 years.
Debt Coverage: JMAT's debt is well covered by operating cash flow (50.3%).
Interest Coverage: JMAT's interest payments on its debt are well covered by EBIT (10.5x coverage).
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What is Johnson Matthey current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: JMAT's dividend (3.79%) is higher than the bottom 25% of dividend payers in the UK market (1.87%).
High Dividend: JMAT's dividend (3.79%) is low compared to the top 25% of dividend payers in the UK market (5.16%).
Stability and Growth of Payments
Stable Dividend: JMAT's dividend payments have been volatile in the past 10 years.
Growing Dividend: JMAT's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (127.2%), JMAT's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (92.6%), JMAT's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Liam Condon (53 yo)
Mr. Liam Condon has been Chief Executive Officer at Johnson Matthey Plc since March 1, 2022. Mr. Condon has been Chairman of Management Board at Bayer CropScience Aktiengesellschaft. He is President of Bay...
CEO Compensation Analysis
Compensation vs Market: Liam's total compensation ($USD1.20M) is below average for companies of similar size in the UK market ($USD3.11M).
Compensation vs Earnings: Insufficient data to compare Liam's compensation with company performance.
Experienced Management: JMAT's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: JMAT's board of directors are considered experienced (3.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: JMAT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Johnson Matthey Plc's employee growth, exchange listings and data sources
- Name: Johnson Matthey Plc
- Ticker: JMAT
- Exchange: LSE
- Founded: 1817
- Industry: Specialty Chemicals
- Sector: Materials
- Implied Market Cap: UK£3.701b
- Shares outstanding: 182.75m
- Website: https://www.matthey.com
Number of Employees
- Johnson Matthey Plc
- 25 Farringdon Street
- 5th Floor
- Greater London
- EC4A 4AB
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/28 00:00|
|End of Day Share Price||2022/06/28 00:00|
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.