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Market Cap

US$1.6b

Last Updated

2021/05/15 23:00 UTC

Data Sources

Company Financials +

Executive Summary

Materion Corporation manufactures and sells advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center markets in the United States, Asia, Europe, and internationally. More Details


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MTRN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MTRN's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

4.4%

MTRN

0.2%

US Metals and Mining

-1.7%

US Market


1 Year Return

56.7%

MTRN

101.0%

US Metals and Mining

50.8%

US Market

Return vs Industry: MTRN underperformed the US Metals and Mining industry which returned 100.7% over the past year.

Return vs Market: MTRN exceeded the US Market which returned 50.5% over the past year.


Shareholder returns

MTRNIndustryMarket
7 Day4.4%0.2%-1.7%
30 Day15.2%9.4%-1.5%
90 Day13.4%24.2%0.4%
1 Year57.9%56.7%105.4%101.0%53.3%50.8%
3 Year42.9%39.9%60.8%50.1%61.5%51.4%
5 Year250.3%236.3%157.0%134.1%125.8%100.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

25.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MTRN ($79.14) is trading below our estimate of fair value ($105.75)

Significantly Below Fair Value: MTRN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MTRN is poor value based on its PE Ratio (44.6x) compared to the US Metals and Mining industry average (17.9x).

PE vs Market: MTRN is poor value based on its PE Ratio (44.6x) compared to the US market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: MTRN is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: MTRN is good value based on its PB Ratio (2.4x) compared to the US Metals and Mining industry average (2.6x).


Future Growth

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

38.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTRN's forecast earnings growth (38.1% per year) is above the savings rate (2%).

Earnings vs Market: MTRN's earnings (38.1% per year) are forecast to grow faster than the US market (14.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MTRN's revenue (4.5% per year) is forecast to grow slower than the US market (9% per year).

High Growth Revenue: MTRN's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MTRN's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Materion performed over the past 5 years?

4.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MTRN has a large one-off loss of $20.0M impacting its April 2 2021 financial results.

Growing Profit Margin: MTRN's current net profit margins (2.9%) are higher than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: MTRN's earnings have grown by 4.2% per year over the past 5 years.

Accelerating Growth: MTRN's earnings growth over the past year (12.7%) exceeds its 5-year average (4.2% per year).

Earnings vs Industry: MTRN earnings growth over the past year (12.7%) underperformed the Metals and Mining industry 37%.


Return on Equity

High ROE: MTRN's Return on Equity (5.5%) is considered low.


Financial Health

How is Materion's financial position?


Financial Position Analysis

Short Term Liabilities: MTRN's short term assets ($494.8M) exceed its short term liabilities ($147.4M).

Long Term Liabilities: MTRN's short term assets ($494.8M) exceed its long term liabilities ($289.5M).


Debt to Equity History and Analysis

Debt Level: MTRN's debt to equity ratio (6.5%) is considered satisfactory.

Reducing Debt: MTRN's debt to equity ratio has reduced from 7.6% to 6.5% over the past 5 years.

Debt Coverage: MTRN's debt is well covered by operating cash flow (249%).

Interest Coverage: MTRN's interest payments on its debt are well covered by EBIT (12.8x coverage).


Balance Sheet


Dividend

What is Materion current dividend yield, its reliability and sustainability?

0.61%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 17 2021Ex Dividend DateMay 26 2021Dividend Pay DateJun 11 202116 days from Ex DividendBuy in the next 9 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MTRN's dividend (0.61%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.25%).

High Dividend: MTRN's dividend (0.61%) is low compared to the top 25% of dividend payers in the US market (3.42%).


Stability and Growth of Payments

Stable Dividend: MTRN is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: MTRN is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: MTRN is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MTRN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Jugal Vijayvargiya (52 yo)

4.17yrs

Tenure

US$2,572,972

Compensation

Mr. Jugal K. Vijayvargiya has been the Chief Executive Officer and President of Materion Corporation since March 03, 2017. Mr. Vijayvargiya has extensive international career with Delphi Automotive PLC, a ...


CEO Compensation Analysis

Compensation vs Market: Jugal's total compensation ($USD2.57M) is below average for companies of similar size in the US market ($USD3.78M).

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


Leadership Team

Experienced Management: MTRN's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: MTRN's board of directors are considered experienced (4.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: MTRN insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Materion Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Materion Corporation
  • Ticker: MTRN
  • Exchange: NYSE
  • Founded: 1931
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: US$1.614b
  • Shares outstanding: 20.40m
  • Website: https://materion.com

Number of Employees


Location

  • Materion Corporation
  • 6070 Parkland Boulevard
  • Mayfield Heights
  • Ohio
  • 44124
  • United States

Listings


Biography

Materion Corporation manufactures and sells advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center mar...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/15 23:00
End of Day Share Price2021/05/14 00:00
Earnings2021/04/02
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.