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
Flawless balance sheet and good value.
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 +/- 4% a week.
Volatility Over Time: MTRN's weekly volatility (4%) has been stable over the past year.
7 Day Return
US Metals and Mining
1 Year Return
US Metals and Mining
Return vs Industry: MTRN underperformed the US Metals and Mining industry which returned 50.1% over the past year.
Return vs Market: MTRN underperformed the US Market which returned 37.8% over the past year.
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
1 week ago | Simply Wall StDid Materion Corporation (NYSE:MTRN) Insiders Sell Shares?
3 weeks ago | Simply Wall StMaterion (NYSE:MTRN) Has A Pretty Healthy Balance Sheet
1 month ago | Simply Wall StIs Materion Corporation (NYSE:MTRN) Trading At A 27% Discount?
Is Materion undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MTRN ($68.49) is trading below our estimate of fair value ($112.97)
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 (38.6x) compared to the US Metals and Mining industry average (12.9x).
PE vs Market: MTRN is poor value based on its PE Ratio (38.6x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: MTRN is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: MTRN is good value based on its PB Ratio (2.1x) compared to the US Metals and Mining industry average (2.5x).
How is Materion forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MTRN's forecast earnings growth (39.5% per year) is above the savings rate (2%).
Earnings vs Market: MTRN's earnings (39.5% per year) are forecast to grow faster than the US market (15% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MTRN's revenue (4.7% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: MTRN's revenue (4.7% 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
How has Materion performed over the past 5 years?
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 61.5%.
Return on Equity
High ROE: MTRN's Return on Equity (5.5%) is considered low.
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 ($289.5M).
Debt to Equity History and Analysis
Debt Level: MTRN's debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: MTRN's debt to equity ratio has reduced from 7.6% to 6.5% over the past 5 years.
Debt Coverage: MTRN's debt is well covered by operating cash flow (249%).
Interest Coverage: MTRN's interest payments on its debt are well covered by EBIT (12.8x coverage).
What is Materion current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MTRN's dividend (0.7%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: MTRN's dividend (0.7%) is low compared to the top 25% of dividend payers in the US market (3.53%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, MTRN has been paying a dividend for less than 10 years.
Growing Dividend: MTRN's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.9%), MTRN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jugal Vijayvargiya (53 yo)
Mr. Jugal K. Vijayvargiya has been the Chief Executive Officer and President of Materion Corporation since March 03, 2017. Mr. Vijayvargiya has extensive international career with Delphi Automotive PLC, a ...
CEO Compensation Analysis
Compensation vs Market: Jugal's total compensation ($USD2.57M) is below average for companies of similar size in the US market ($USD3.71M).
Compensation vs Earnings: Jugal's compensation has been consistent with company performance over the past year.
Experienced Management: MTRN's management team is considered experienced (3.9 years average tenure).
Experienced Board: MTRN's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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.
Materion Corporation's company bio, employee growth, exchange listings and data sources
- Name: Materion Corporation
- Ticker: MTRN
- Exchange: NYSE
- Founded: 1931
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: US$1.397b
- Shares outstanding: 20.40m
- Website: https://materion.com
Number of Employees
- Materion Corporation
- 6070 Parkland Boulevard
- Mayfield Heights
- United States
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/28 01:50|
|End of Day Share Price||2021/07/27 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.