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Matrix Service

Nasdaq:MTRX
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MTRX
Nasdaq
$514M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, and mining and minerals markets in the United States, Canada, and internationally. The last earnings update was 67 days ago. More info.


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MTRX Share Price and Events
7 Day Returns
-5.6%
NasdaqGS:MTRX
1.7%
US Energy Services
0.8%
US Market
1 Year Returns
-4.1%
NasdaqGS:MTRX
-38.9%
US Energy Services
4.8%
US Market
MTRX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Matrix Service (MTRX) -5.6% -0.1% -1.8% -4.1% 8.5% -36.2%
US Energy Services 1.7% 11.2% -15% -38.9% -47.9% -71%
US Market 0.8% 4.3% 2.8% 4.8% 37.9% 43.5%
1 Year Return vs Industry and Market
  • MTRX outperformed the Energy Services industry which returned -38.9% over the past year.
  • MTRX underperformed the Market in United States of America which returned 4.8% over the past year.
Price Volatility
MTRX
Industry
5yr Volatility vs Market

MTRX Value

 Is Matrix Service 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 Matrix Service 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 Matrix Service.

NasdaqGS:MTRX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqGS:MTRX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.082 (1 + (1- 21%) (0.42%))
1.058
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.058 * 5.96%)
9.03%

Discounted Cash Flow Calculation for NasdaqGS:MTRX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Matrix Service is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:MTRX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.03%)
2020 36.20 Analyst x2 33.20
2021 44.48 Analyst x1 37.42
2022 51.24 Est @ 15.2% 39.53
2023 57.12 Est @ 11.46% 40.41
2024 62.16 Est @ 8.84% 40.34
2025 66.52 Est @ 7.01% 39.59
2026 70.33 Est @ 5.72% 38.39
2027 73.72 Est @ 4.83% 36.91
2028 76.81 Est @ 4.2% 35.27
2029 79.70 Est @ 3.76% 33.56
Present value of next 10 years cash flows $374.63
NasdaqGS:MTRX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $79.70 × (1 + 2.73%) ÷ (9.03% – 2.73%)
$1,298.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,298.90 ÷ (1 + 9.03%)10
$546.99
NasdaqGS:MTRX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $374.63 + $546.99
$921.62
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $921.62 / 26.81
$34.38
NasdaqGS:MTRX Discount to Share Price
Calculation Result
Value per share (USD) From above. $34.38
Current discount Discount to share price of $19.19
= -1 x ($19.19 - $34.38) / $34.38
44.2%

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

Current Discount
Amount off the current price Matrix Service is available for.
Intrinsic value
44%
Share price is $19.19 vs Future cash flow value of $34.38
Current Discount Checks
For Matrix Service to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Matrix Service's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Matrix Service's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Matrix Service's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Matrix Service's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:MTRX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.02
NasdaqGS:MTRX Share Price ** NasdaqGS (2019-07-15) in USD $19.19
United States of America Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 20.51x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 18.01x

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

** Primary Listing of Matrix Service.

NasdaqGS:MTRX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:MTRX Share Price ÷ EPS (both in USD)

= 19.19 ÷ 0.02

1059.93x

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

  • Matrix Service is overvalued based on earnings compared to the US Energy Services industry average.
  • Matrix Service is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Matrix Service's expected growth come at a high price?
Raw Data
NasdaqGS:MTRX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1059.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
51.3%per year
United States of America Energy Services Industry PEG Ratio Median Figure of 27 Publicly-Listed Energy Services Companies 0.57x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

NasdaqGS:MTRX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 1059.93x ÷ 51.3%

20.65x

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

  • Matrix Service is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Matrix Service's assets?
Raw Data
NasdaqGS:MTRX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $12.54
NasdaqGS:MTRX Share Price * NasdaqGS (2019-07-15) in USD $19.19
United States of America Energy Services Industry PB Ratio Median Figure of 88 Publicly-Listed Energy Services Companies 0.85x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
NasdaqGS:MTRX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:MTRX Share Price ÷ Book Value per Share (both in USD)

= 19.19 ÷ 12.54

1.53x

* Primary Listing of Matrix Service.

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

  • Matrix Service is overvalued based on assets compared to the US Energy Services industry average.
X
Value checks
We assess Matrix Service'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 Energy Services 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 Energy Services industry average (and greater than 0)? (1 check)
  5. Matrix Service has a total score of 2/6, 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.

MTRX Future Performance

 How is Matrix Service expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
51.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Matrix Service expected to grow at an attractive rate?
  • Matrix Service's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Matrix Service's earnings growth is expected to exceed the United States of America market average.
  • Matrix Service's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:MTRX Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:MTRX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 51.3%
NasdaqGS:MTRX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6%
United States of America Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 37.7%
United States of America Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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
NasdaqGS:MTRX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:MTRX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 1,535 44 42 1
2020-06-30 1,474 61 35 2
2019-06-30 1,395 40 26 3
NasdaqGS:MTRX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,311 28 0
2018-12-31 1,198 59 -14
2018-09-30 1,140 77 -13
2018-06-30 1,092 75 -11
2018-03-31 1,090 53 2
2017-12-31 1,096 42 -6
2017-09-30 1,126 38 -6
2017-06-30 1,198 -19 0
2017-03-31 1,265 -17 10
2016-12-31 1,323 -7 28
2016-09-30 1,334 -2 28
2016-06-30 1,312 34 29

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Matrix Service's earnings are expected to grow significantly at over 20% yearly.
  • Matrix Service's revenue is expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
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
NasdaqGS:MTRX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Matrix Service Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MTRX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 1.53 1.53 1.53 1.00
2020-06-30 1.29 1.29 1.29 1.00
2019-06-30 0.96 0.96 0.96 2.00
NasdaqGS:MTRX Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.02
2018-12-31 -0.51
2018-09-30 -0.48
2018-06-30 -0.43
2018-03-31 0.08
2017-12-31 -0.24
2017-09-30 -0.21
2017-06-30 -0.01
2017-03-31 0.37
2016-12-31 1.06
2016-09-30 1.06
2016-06-30 1.09

*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.
  • Matrix Service is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Matrix Service'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.
Matrix Service has a total score of 3/6, 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.

MTRX Past Performance

  How has Matrix Service 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 Matrix Service's growth in the last year to its industry (Energy Services).
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.
  • Matrix Service's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Matrix Service's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Matrix Service's 1-year earnings growth is negative, it can't be compared to the US Energy Services industry average.
Earnings and Revenue History
Matrix Service'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 Matrix Service Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MTRX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,311.05 0.49 88.24
2018-12-31 1,197.81 -13.60 84.88
2018-09-30 1,140.15 -13.00 84.05
2018-06-30 1,091.55 -11.48 84.42
2018-03-31 1,090.30 2.25 82.35
2017-12-31 1,095.89 -6.42 80.19
2017-09-30 1,125.64 -5.70 78.64
2017-06-30 1,197.51 -0.18 75.04
2017-03-31 1,265.31 9.91 75.85
2016-12-31 1,323.49 28.08 77.31
2016-09-30 1,334.37 28.26 77.20
2016-06-30 1,311.92 28.86 78.71
2016-03-31 1,316.70 30.65 81.44
2015-12-31 1,321.43 23.33 78.46
2015-09-30 1,340.78 21.18 78.22
2015-06-30 1,343.14 17.16 78.57
2015-03-31 1,323.08 13.80 77.23
2014-12-31 1,390.44 28.15 81.28
2014-09-30 1,358.56 35.17 80.98
2014-06-30 1,263.09 35.81 75.87
2014-03-31 1,154.29 35.62 70.33
2013-12-31 998.75 30.75 63.90
2013-09-30 909.18 25.88 58.13
2013-06-30 892.57 24.01 57.99
2013-03-31 841.88 18.43 54.82
2012-12-31 799.81 16.77 52.48
2012-09-30 779.33 18.36 50.82

*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.
  • Matrix Service has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Matrix Service used its assets less efficiently than the US Energy Services industry average last year based on Return on Assets.
  • Matrix Service's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Matrix Service'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 Energy Services 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.
Matrix Service has a total score of 0/6, 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.

MTRX Health

 How is Matrix Service'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 Matrix Service's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Matrix Service is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Matrix Service's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Matrix Service'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.
  • Debt is covered by short term assets, assets are 191.2x debt.
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 Matrix Service Company Filings, last reported 3 months ago.

NasdaqGS:MTRX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 336.09 2.17 49.68
2018-12-31 323.59 0.00 71.49
2018-09-30 322.78 1.55 74.74
2018-06-30 318.84 0.00 64.06
2018-03-31 331.92 9.30 46.89
2017-12-31 335.59 50.91 74.09
2017-09-30 328.44 42.08 46.09
2017-06-30 321.81 44.68 43.81
2017-03-31 320.22 44.14 39.70
2016-12-31 329.83 72.41 66.23
2016-09-30 324.53 17.19 35.58
2016-06-30 315.57 0.00 71.66
2016-03-31 309.87 3.85 73.40
2015-12-31 304.92 7.23 82.43
2015-09-30 302.03 9.77 69.18
2015-06-30 284.55 8.80 79.24
2015-03-31 275.70 9.93 103.18
2014-12-31 281.79 11.79 68.57
2014-09-30 286.64 11.34 72.75
2014-06-30 282.28 11.62 77.12
2014-03-31 270.55 45.10 59.76
2013-12-31 258.14 23.19 73.29
2013-09-30 246.48 2.43 79.76
2013-06-30 238.16 0.00 63.75
2013-03-31 230.01 0.00 50.68
2012-12-31 222.38 3.43 33.21
2012-09-30 216.82 3.36 17.17
  • Matrix Service's level of debt (0.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (16.5% vs 0.6% today).
  • Debt is well covered by operating cash flow (1273.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 46.2x coverage).
X
Financial health checks
We assess Matrix Service'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. Matrix Service has a total score of 6/6, 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.

MTRX Dividends

 What is Matrix Service'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 Matrix Service dividends.
If you bought $2,000 of Matrix Service 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 Matrix Service's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Matrix Service'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
NasdaqGS:MTRX 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 2 Analyst Estimates (S&P Global) See Below
United States of America Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2018 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 3.7%

Industry and Market average data is calculated daily.

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

NasdaqGS:MTRX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-06-30
2020-06-30
2019-06-30

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

  • Unable to perform a dividend volatility check as Matrix Service has not reported any payouts.
  • Unable to verify if Matrix Service's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Matrix Service's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Matrix Service 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 Matrix Service'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 Matrix Service afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Matrix Service 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.

MTRX Management

 What is the CEO of Matrix Service'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
John Hewitt
COMPENSATION $2,374,985
AGE 61
TENURE AS CEO 8.2 years
CEO Bio

Mr. John R. Hewitt has been the President and Chief Executive Officer at Matrix Service Company since joining in May 4, 2011. Mr. Hewitt serves as Senior Vice President at Aker Solutions, where he is responsible for providing executive oversight on major capital projects in Power and LNG. He previously served as President of United States Operations at Aker Solutions E&C US, Inc. from 2007 to 2009 where he was responsible for managing all construction services in North America. Prior to that, he served as President of Aker Construction Inc. where he had full profit and loss responsibility for a multi-disciplined direct hire industrial construction business operating throughout North America. Mr. Hewitt has been a Director at Matrix Service Company since September 8, 2011. Mr. Hewitt has spent his entire career in the engineering, procurement and construction (EPC) industry. For the past 25 years, he has worked for various operating businesses of Aker Solutions ASA (Aker) and its predecessor companies, which provide engineering and construction services, technology products and integrated solutions to the energy and process industries worldwide. Mr. Hewitt is a member of the board of directors of Junior Achievement of Oklahoma, the Tulsa Area United Way, the Tulsa Area Salvation Army and the Philbrook Museum of Art. Mr. Hewitt also serves as an executive board member of the Tulsa Regional Chamber of Commerce. Mr. Hewitt earned a Bachelor of Business Administration degree in Finance from Stetson University in 1980 and a Bachelor of Science degree in Civil Engineering from Florida Institute of Technology in 1983.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year, both up more than 20%.
  • John's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Matrix Service management team in years:

4.8
Average Tenure
55
Average Age
  • The tenure for the Matrix Service management team is about average.
Management Team

John Hewitt

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
61
TENURE
8.2 yrs

Kevin Cavanah

TITLE
VP of Finance
COMPENSATION
$975K
AGE
55
TENURE
8.6 yrs

Joseph Montalbano

TITLE
COO & VP
COMPENSATION
$1M
AGE
70
TENURE
11.2 yrs

Jason Turner

TITLE
President of Matrix North American Construction
COMPENSATION
$754K
AGE
48
TENURE
5.6 yrs

Quinton Beasley

TITLE
Vice President of Accounting
TENURE
1.5 yrs

Rick Bennett

TITLE
Chief Information Officer & VP
AGE
55
TENURE
4.8 yrs

Nancy Austin-Downs

TITLE
Chief Administrative Officer & VP
AGE
52
TENURE
2.9 yrs

Kellie Smythe

TITLE
Senior Director of Investor Relations

Justin Sheets

TITLE
VP of Legal & Risk Management and Corporate Compliance Officer
AGE
41
TENURE
4.8 yrs

Alan Updyke

TITLE
President of Matrix Service
AGE
59
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the Matrix Service board of directors in years:

3.3
Average Tenure
61
Average Age
  • The tenure for the Matrix Service board of directors is about average.
Board of Directors

Jim Mogg

TITLE
Independent Director
COMPENSATION
$192K
AGE
70
TENURE
5.9 yrs

John Hewitt

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
61
TENURE
7.8 yrs

John Gibson

TITLE
Independent Director
COMPENSATION
$189K
AGE
67
TENURE
3.3 yrs

Martha Carnes

TITLE
Independent Director
COMPENSATION
$214K
AGE
58
TENURE
2 yrs

Jim Miller

TITLE
Independent Director
COMPENSATION
$183K
AGE
64
TENURE
5.2 yrs

John Chandler

TITLE
Independent Director
COMPENSATION
$214K
AGE
49
TENURE
2.1 yrs

Liane Hinrichs

TITLE
Director
COMPENSATION
$7K
AGE
61
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • Matrix Service individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. May 19 Sell Kevin Cavanah Individual 14. May 19 14. May 19 -14,505 $21.15 $-306,805
13. May 19 Sell James Miller Individual 10. May 19 10. May 19 -1,825 $22.25 $-40,606
25. Mar 19 Sell Alan Updyke Individual 21. Mar 19 21. Mar 19 -3,000 $21.46 $-64,374
27. Feb 19 Sell Rick Bennett Individual 27. Feb 19 27. Feb 19 -1,920 $21.00 $-40,320
20. Feb 19 Sell Rick Bennett Individual 19. Feb 19 20. Feb 19 -2,300 $21.01 $-48,301
15. Feb 19 Sell Rick Bennett Individual 15. Feb 19 15. Feb 19 -2,884 $21.02 $-60,631
01. Oct 18 Sell Bradley Rinehart Individual 28. Sep 18 28. Sep 18 -12,647 $24.06 $-304,278
27. Sep 18 Sell Bradley Rinehart Individual 25. Sep 18 26. Sep 18 -1,116 $24.75 $-27,509
18. Sep 18 Sell Nancy Austin-Downs Individual 17. Sep 18 17. Sep 18 -10,868 $24.74 $-268,905
18. Sep 18 Sell Thomas Maxwell Individual 17. Sep 18 18. Sep 18 -17,400 $25.34 $-435,990
17. Sep 18 Sell Kevin Cavanah Individual 14. Sep 18 14. Sep 18 -21,450 $25.40 $-544,920
13. Sep 18 Sell Joseph Montalbano Individual 12. Sep 18 12. Sep 18 -34,785 $22.66 $-788,186
X
Management checks
We assess Matrix Service'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. Matrix Service 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.

MTRX News

Simply Wall St News

Is Matrix Service Company's (NASDAQ:MTRX) ROE Of 0.1% Concerning?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Matrix Service: 0.1% = US$487k ÷ US$336m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Matrix Service Have A Good Return On Equity? … Combining Matrix Service's Debt And Its 0.1% Return On Equity While Matrix Service does have a tiny amount of debt, with debt to equity of just 0.0065, we think the use of debt is very modest.

Simply Wall St -

Have Insiders Been Selling Matrix Service Company (NASDAQ:MTRX) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in Matrix Service Company (NASDAQ:MTRX). … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' View our latest analysis for Matrix Service Matrix Service Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the COO & VP, Joseph Montalbano, sold US$788k worth of shares at a price of US$22.66 per share. … Insiders at Matrix Service Have Sold Stock Recently The last three months saw significant insider selling at Matrix Service.

Simply Wall St -

Imagine Owning Matrix Service (NASDAQ:MTRX) And Wondering If The 50% Share Price Slide Is Justified

So we wouldn't blame long term Matrix Service Company (NASDAQ:MTRX) shareholders for doubting their decision to hold, with the stock down 50% over a half decade. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Looking back five years, both Matrix Service's share price and EPS declined; the latter at a rate of 58% per year.

Simply Wall St -

Is Matrix Service Company (NASDAQ:MTRX) Trading At A 41% Discount?

Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $14.87 $36.20 $44.48 $51.24 $57.12 $62.16 $66.52 $70.33 $73.72 $76.81 Growth Rate Estimate Source Analyst x1 Analyst x2 Analyst x1 Est @ 15.2% Est @ 11.46% Est @ 8.84% Est @ 7.01% Est @ 5.72% Est @ 4.83% Est @ 4.2% Present Value ($, Millions) Discounted @ 8.75% $13.67 $30.61 $34.59 $36.64 $37.55 $37.59 $36.98 $35.96 $34.66 $33.21 Present Value of 10-year Cash Flow (PVCF)= $331.46m "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$77m × (1 + 2.7%) ÷ (8.7% – 2.7%) = US$1.3b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$1.3b ÷ ( 1 + 8.7%)10 = $566.93m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $898.38m.

Simply Wall St -

Does Matrix Service Company's (NASDAQ:MTRX) CEO Pay Reflect Performance?

John Hewitt became the CEO of Matrix Service Company (NASDAQ:MTRX) in 2011. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does John Hewitt's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Does The Matrix Service Company (NASDAQ:MTRX) Share Price Tend To Follow The Market?

Anyone researching Matrix Service Company (NASDAQ:MTRX) might want to consider the historical volatility of the share price. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Did Changing Sentiment Drive Matrix Service's Share Price Down By 36%?

At this point some shareholders may be questioning their investment in Matrix Service Company (NASDAQ:MTRX), since the last five years saw the share price fall 36%. … One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price. … That would generally be considered a positive, so we are surprised to see the share price is down.

Simply Wall St -

Need To Know: Matrix Service Company (NASDAQ:MTRX) Insiders Have Been Selling Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Matrix Service Company (NASDAQ:MTRX). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … That means that even when the share price was below the current price of US$20.28, an insider wanted to cash in some shares

Simply Wall St -

What You Must Know About Matrix Service Company's (NASDAQ:MTRX) Beta Value

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Is Matrix Service Company's (NASDAQ:MTRX) CEO Pay Justified?

John Hewitt became the CEO of Matrix Service Company (NASDAQ:MTRX) in 2011. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … At the time of writing our data says that Matrix Service Company has a market cap of US$556m, and is paying total annual CEO compensation of US$2m.

Simply Wall St -

MTRX Company Info

Description

Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, and mining and minerals markets in the United States, Canada, and internationally. The company’s Electrical Infrastructure segment offers construction and maintenance services to various power generation facilities, such as combined cycle plants and natural gas fired power stations; and high voltage services comprising the construction of new substations, upgrading existing substations, short-run transmission line installations, distribution upgrades and maintenance, and emergency and storm restoration services to investor owned utilities. Its Oil Gas & Chemical segment provides turnaround, plant maintenance, engineering, and capital construction services for the downstream and midstream petroleum industries; and hydro blasting, hydro excavating, advanced chemical cleaning, and vacuum services, as well as performs work in the petrochemical, upstream petroleum, and sulfur extraction, recovery, and processing markets. The company’s Storage Solutions segment undertakes work related to aboveground storage tanks and terminals; and provides planned and emergency services. This segment also undertakes work related to liquefied natural gas, liquid nitrogen/liquid oxygen, liquid petroleum, and other specialty vessels, including spheres; and provides geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems, and floating roof seals. Its Industrial segment works for iron and steel, mining and minerals, aerospace and defense, cement, agriculture and grain, food, and other industries, as well as performs work in bulk material handling systems. The company was founded in 1984 and is headquartered in Tulsa, Oklahoma.

Details
Name: Matrix Service Company
MTRX
Exchange: NasdaqGS
Founded: 1984
$514,430,225
26,807,203
Website: http://www.matrixservicecompany.com
Address: Matrix Service Company
5100 East Skelly Drive,
Suite 500,
Tulsa,
Oklahoma, 74135,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MTRX Common Stock Nasdaq Global Select US USD 26. Sep 1990
DB MX2 Common Stock Deutsche Boerse AG DE EUR 26. Sep 1990
Number of employees
Current staff
Staff numbers
4,650
Matrix Service employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 23:42
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/11
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/06/30


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.