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Matlin & Partners Acquisition

Nasdaq:MPAC
Snowflake Description

Adequate balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MPAC
Nasdaq
$93M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Matlin & Partners Acquisition Corporation does not have significant operations. The last earnings update was 16 days ago. More info.


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MPAC Share Price and Events
7 Day Returns
-2.7%
NasdaqCM:MPAC
1.5%
US Capital Markets
1.6%
US Market
1 Year Returns
2.2%
NasdaqCM:MPAC
8.2%
US Capital Markets
12.4%
US Market
MPAC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Matlin & Partners Acquisition (MPAC) -2.7% -1.8% -1.6% 2.2% - -
US Capital Markets 1.5% 3% -3.1% 8.2% 46.5% 89.3%
US Market 1.6% 2.3% -2.2% 12.4% 55.2% 105.4%
1 Year Return vs Industry and Market
  • MPAC underperformed the Capital Markets industry which returned 8.2% over the past year.
  • MPAC underperformed the Market in United States of America which returned 12.4% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

MPAC Value

 Is Matlin & Partners Acquisition undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Matlin & Partners Acquisition to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Matlin & Partners Acquisition.

NasdaqCM:MPAC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $0.53 * 11.4%
$0.06
Book Value of Equity per Share Median Book Value from the past 5 years. $0.53
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:MPAC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.732 (1 + (1- 21%) (0%))
0.732
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (0.8 * 7.05%)
8.59%

Discounted Cash Flow Calculation for NasdaqCM:MPAC using Excess Returns Model Model

The calculations below outline how an intrinsic value for Matlin & Partners Acquisition is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:MPAC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.4% – 8.59%) * $0.53)
$0.01
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.01 / (8.59% - 2.95%)
$0.26
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $0.53 + $0.26
$0.79
NasdaqCM:MPAC Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.79
Current discount Discount to share price of $9.91
= -1 x ($9.91 - $0.79) / $0.79
-1154.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Matlin & Partners Acquisition is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Matlin & Partners Acquisition's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Matlin & Partners Acquisition's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:MPAC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.13
NasdaqCM:MPAC Share Price ** NasdaqCM (2018-11-09) in USD $9.91
United States of America Capital Markets Industry PE Ratio Median Figure of 66 Publicly-Listed Capital Markets Companies 21.28x
United States of America Market PE Ratio Median Figure of 2,971 Publicly-Listed Companies 18.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Matlin & Partners Acquisition.

NasdaqCM:MPAC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:MPAC Share Price ÷ EPS (both in USD)

= 9.91 ÷ 0.13

73.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Matlin & Partners Acquisition is overvalued based on earnings compared to the US Capital Markets industry average.
  • Matlin & Partners Acquisition is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Matlin & Partners Acquisition's expected growth come at a high price?
Raw Data
NasdaqCM:MPAC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 73.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
12.2%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 1.85x
United States of America Market PEG Ratio Median Figure of 2,086 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Matlin & Partners Acquisition, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Matlin & Partners Acquisition's assets?
Raw Data
NasdaqCM:MPAC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.53
NasdaqCM:MPAC Share Price * NasdaqCM (2018-11-09) in USD $9.91
United States of America Capital Markets Industry PB Ratio Median Figure of 125 Publicly-Listed Capital Markets Companies 4.78x
United States of America Market PB Ratio Median Figure of 4,972 Publicly-Listed Companies 1.88x
NasdaqCM:MPAC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:MPAC Share Price ÷ Book Value per Share (both in USD)

= 9.91 ÷ 0.53

18.56x

* Primary Listing of Matlin & Partners Acquisition.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Matlin & Partners Acquisition is overvalued based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Matlin & Partners Acquisition's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Matlin & Partners Acquisition has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MPAC Future Performance

 How is Matlin & Partners Acquisition expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Matlin & Partners Acquisition, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Matlin & Partners Acquisition expected to grow at an attractive rate?
  • Matlin & Partners Acquisition's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Matlin & Partners Acquisition's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Matlin & Partners Acquisition's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:MPAC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:MPAC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 12.2%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 7.8%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:MPAC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:MPAC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 -2 1
2018-06-30 -2 2
2018-03-31 -2 1
2017-12-31 -2 1
2017-09-30 -1 0
2017-06-30 -0 0
2017-03-31 -0 -0
2016-12-31 -0 -0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Matlin & Partners Acquisition's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Matlin & Partners Acquisition is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:MPAC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Matlin & Partners Acquisition Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:MPAC Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 0.13
2018-06-30 0.21
2018-03-31 0.15
2017-12-31 0.08
2017-09-30 0.05
2017-06-30 0.01
2017-03-31 -0.00
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Matlin & Partners Acquisition will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Matlin & Partners Acquisition's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Matlin & Partners Acquisition has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MPAC Past Performance

  How has Matlin & Partners Acquisition performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Matlin & Partners Acquisition's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Unable to establish if Matlin & Partners Acquisition's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
  • Unable to compare Matlin & Partners Acquisition's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
  • Matlin & Partners Acquisition's earnings growth has exceeded the US Capital Markets industry average in the past year (231% vs 27.8%).
Earnings and Revenue History
Matlin & Partners Acquisition's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Matlin & Partners Acquisition Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:MPAC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1.26 2.55
2018-06-30 1.99 1.15
2018-03-31 1.46 0.98
2017-12-31 0.76 0.88
2017-09-30 0.38 0.67
2017-06-30 0.10 0.41
2017-03-31 -0.03 0.10
2016-12-31 -0.01 0.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Matlin & Partners Acquisition has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • It is difficult to establish if Matlin & Partners Acquisition has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • Unable to establish if Matlin & Partners Acquisition improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Matlin & Partners Acquisition's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Matlin & Partners Acquisition has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MPAC Health

 How is Matlin & Partners Acquisition's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Matlin & Partners Acquisition's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Matlin & Partners Acquisition's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Matlin & Partners Acquisition's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Matlin & Partners Acquisition's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Matlin & Partners Acquisition has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Matlin & Partners Acquisition Company Filings, last reported 1 month ago.

NasdaqCM:MPAC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 5.00 0.00 0.15
2018-06-30 5.00 0.00 0.39
2018-03-31 5.00 0.00 0.48
2017-12-31 5.00 0.00 0.57
2017-09-30 5.00 0.00 0.85
2017-06-30 5.00 0.00 0.96
2017-03-31 5.00 0.00 1.07
2016-12-31 0.02 0.20 0.07
  • Matlin & Partners Acquisition has no debt.
  • Matlin & Partners Acquisition currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Matlin & Partners Acquisition has no debt, it does not need to be covered by operating cash flow.
  • Matlin & Partners Acquisition has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Matlin & Partners Acquisition's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Matlin & Partners Acquisition has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MPAC Dividends

 What is Matlin & Partners Acquisition's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Matlin & Partners Acquisition dividends.
If you bought $2,000 of Matlin & Partners Acquisition shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Matlin & Partners Acquisition's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Matlin & Partners Acquisition's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:MPAC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1977 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Matlin & Partners Acquisition has not reported any payouts.
  • Unable to verify if Matlin & Partners Acquisition's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Matlin & Partners Acquisition's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Matlin & Partners Acquisition has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Matlin & Partners Acquisition's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Matlin & Partners Acquisition afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Matlin & Partners Acquisition has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MPAC Management

 What is the CEO of Matlin & Partners Acquisition's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Matlin
AGE 56
TENURE AS CEO 2.7 years
CEO Bio

Mr. David Jeffrey Matlin, J.D., serves as the Co-Founder and Chief Executive Officer at MatlinPatterson Global Advisers LLC. He has been Chief Executive Officer at Matlin & Partners Acquisition Corporation since March 10, 2016. He joined the firm in July 2002. Previously, he was a Chief Investment Officer at the firm. Mr. Matlin has overall responsibility of MatlinPatterson's distressed credit strategies. He is Chief Executive Officer of MatlinPatterson Asset Management. Mr. Matlin is also a member of the board of managers of MatlinPatterson Asset Management. Prior to forming MatlinPatterson in 2002, he was a Managing Director at Credit Suisse and head of the Credit Suisse Distressed Securities Group since its inception in 1994. He co-founded Merrion Group, LP and served as the Managing Director and Founding Partner from 1988 to 1994. Mr. Matlin served as a Manager at Huntsman Advanced Materials LLC. From 1986 to 1988, he served as a Securities Analyst at Halcyon Investments. He serves as Chairman of the Board at Matlin & Partners Acquisition Corporation since March 10, 2016. He serves as a Director of HMP Equity Holdings Corp. and OrthoSensor, Inc. Mr. Matlin serves as a Director of California Coastal Committees Inc. He has been a Director of Flagstar Bank and Flagstar Bank, FSB since January 30, 2009. He has been a Director of CalAtlantic Group, Inc. (formerly known as Standard Pacific Corp.) since July 29, 2008. He serves as Director of Flagstar Bank. Mr. Matlin served as a Director or Manager of HMP Equity Holdings Corporation (HMP), and certain of Huntsman Corp's subsidiaries. He served as a Director of Global Aviation Holdings, Inc. from November 2006 to February 1, 2012 and Flagstar BanCorp Inc. since January 30, 2009. Mr. Matlin served as a Director of Huntsman Corp. from October 2004 to August 2007 and Thornburg Mortgage Inc. from April 22, 2008 to March 12, 2009. He served as a Director of Huntsman International LLC. Mr. Matlin served as a Manager/Director of Huntsman International Holdings LLC (HIH) and its subsidiaries, Huntsman LLC (HLLC) and AdMat. He served as a Director of Icon Health & Fitness Inc. since September 1999. Mr. Matlin was a Director of MCI Group since August 29, 2003, WorldCom Inc. since August 2003 and Victor Forstmann, Inc. since October 1998. He has been an active participant in the distressed securities market for 17 years and has made investments in more than 25 countries in North America, Latin America, Asia, Europe and Australia. Mr. Matlin received a JD from the Law School of the University of California at Los Angeles in 1986 and a BS in Economics from the Wharton School of the University of Pennsylvania in 1983.

CEO Compensation
  • Insufficient data for David to compare compensation growth.
  • Insufficient data for David to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Matlin & Partners Acquisition management team in years:

2.7
Average Tenure
48.5
Average Age
  • The tenure for the Matlin & Partners Acquisition management team is about average.
Management Team

David Matlin

TITLE
Chairman & CEO
AGE
56
TENURE
2.7 yrs

Greg Ethridge

TITLE
President
AGE
41
TENURE
1.8 yrs

Rui Gao

TITLE
Chief Financial Officer
AGE
37
TENURE
2.7 yrs

Robert Weiss

TITLE
Secretary & General Counsel
AGE
59
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the Matlin & Partners Acquisition board of directors in years:

1.7
Average Tenure
56
Average Age
  • The average tenure for the Matlin & Partners Acquisition board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Matlin

TITLE
Chairman & CEO
AGE
56
TENURE
2.7 yrs

Ken Campbell

TITLE
Director
AGE
61
TENURE
1.7 yrs

Peter Schoels

TITLE
Director
AGE
44
TENURE
1.7 yrs

David Treadwell

TITLE
Director
AGE
63
TENURE
1.7 yrs

Dan Dienst

TITLE
Director
AGE
53
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Matlin & Partners Acquisition's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Matlin & Partners Acquisition has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MPAC News

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Simply Wall St News

Should You Be Tempted To Sell Matlin & Partners Acquisition Corporation (NASDAQ:MPAC) At Its Current PE Ratio?

I am writing today to help inform people who are new to the stock market. … and want to learn about the link between company’s fundamentals and stock market performance. … While MPAC might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

MPAC Company Info

Map
Description

Matlin & Partners Acquisition Corporation does not have significant operations. The company intends to merge, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Matlin & Partners Acquisition Corporation was founded in 2016 and is based in New Canaan, Connecticut.

Details
Name: Matlin & Partners Acquisition Corporation
MPAC
Exchange: NasdaqCM
Founded: 2016
$92,815,959
9,365,889
Website: http://www.matlinpatterson.com/matlin-partners
Address: Matlin & Partners Acquisition Corporation
585 Weed Street,
New Canaan,
Connecticut, 06840,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM MPAC Class A Common Stock Nasdaq Capital Market US USD 03. May 2017
NasdaqCM MPAC.U Units Nasdaq Capital Market US USD 10. Mar 2017
Number of employees
Current staff
Staff numbers
0
Matlin & Partners Acquisition employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/11 21:43
End of day share price update: 2018/11/09 00:00
Last earnings filing: 2018/10/26
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.