Minerals Technologies
Market Cap
US$1.2b
Last Updated
2020/04/08 04:40 UTC
Data Sources
Company Financials +
Executive Summary
Minerals Technologies Inc. develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with adequate balance sheet.
Similar Companies
Share Price & News
How has Minerals Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MTX's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
6.4%
MTX
2.0%
US Chemicals
2.4%
US Market
1 Year Return
-43.9%
MTX
-28.6%
US Chemicals
-10.0%
US Market
Return vs Industry: MTX underperformed the US Chemicals industry which returned -33.1% over the past year.
Return vs Market: MTX underperformed the US Market which returned -13.3% over the past year.
Shareholder returns
| MTX | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.4% | 2.0% | 2.4% |
| 30 Day | -5.5% | -13.9% | -11.0% |
| 90 Day | -37.7% | -26.0% | -19.4% |
| 1 Year | -43.7%-43.9% | -23.9%-28.6% | -8.1%-10.0% |
| 3 Year | -53.1%-53.5% | -6.5%-24.4% | 17.3%9.6% |
| 5 Year | -51.2%-52.0% | 3.0%-19.7% | 36.1%21.1% |
Price Volatility Vs. Market
How volatile is Minerals Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
7 hours ago | Simply Wall St
Is Minerals Technologies (NYSE:MTX) Using Too Much Debt?2 weeks ago | Simply Wall St
A Sliding Share Price Has Us Looking At Minerals Technologies Inc.'s (NYSE:MTX) P/E Ratio3 weeks ago | Simply Wall St
Does Minerals Technologies Inc.'s (NYSE:MTX) CEO Pay Matter?Valuation
Is Minerals Technologies undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MTX ($35.99) is trading below our estimate of fair value ($82.59)
Significantly Below Fair Value: MTX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MTX is good value based on its PE Ratio (9.5x) compared to the Chemicals industry average (14.2x).
PE vs Market: MTX is good value based on its PE Ratio (9.5x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: MTX is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: MTX is good value based on its PB Ratio (0.9x) compared to the US Chemicals industry average (1.4x).
Next Steps
Future Growth
How is Minerals Technologies forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
10.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MTX's forecast earnings growth (10.6% per year) is above the savings rate (1.7%).
Earnings vs Market: MTX's earnings (10.6% per year) are forecast to grow slower than the US market (13.4% per year).
High Growth Earnings: MTX's earnings are forecast to grow, but not significantly.
Revenue vs Market: MTX's revenue (3.1% per year) is forecast to grow slower than the US market (7% per year).
High Growth Revenue: MTX's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MTX's Return on Equity is forecast to be low in 3 years time (10.3%).
Next Steps
Past Performance
How has Minerals Technologies performed over the past 5 years?
11.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MTX has high quality earnings.
Growing Profit Margin: MTX's current net profit margins (7.4%) are lower than last year (9.3%).
Past Earnings Growth Analysis
Earnings Trend: MTX's earnings have grown by 11% per year over the past 5 years.
Accelerating Growth: MTX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MTX had negative earnings growth (-21.5%) over the past year, making it difficult to compare to the Chemicals industry average (-11.3%).
Return on Equity
High ROE: MTX's Return on Equity (9.5%) is considered low.
Next Steps
Financial Health
How is Minerals Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: MTX's short term assets ($919.2M) exceed its short term liabilities ($398.5M).
Long Term Liabilities: MTX's short term assets ($919.2M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: MTX's debt to equity ratio (65.1%) is considered high.
Reducing Debt: MTX's debt to equity ratio has reduced from 161.4% to 65.1% over the past 5 years.
Debt Coverage: MTX's debt is well covered by operating cash flow (25.5%).
Interest Coverage: MTX's interest payments on its debt are well covered by EBIT (5.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Minerals Technologies's current dividend yield, its reliability and sustainability?
0.57%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MTX's dividend (0.56%) isn’t notable compared to the bottom 25% of dividend payers in the US market (2.01%).
High Dividend: MTX's dividend (0.56%) is low compared to the top 25% of dividend payers in the US market (5.66%).
Stability and Growth of Payments
Stable Dividend: MTX is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: MTX 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: MTX is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MTX'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?
4.0yrs
Average management tenure
CEO
Doug Dietrich (50yo)
3.33s
Tenure
US$4,775,406
Compensation
Mr. Douglas T. Dietrich, also known as Doug, has been the Chief Executive Officer at Minerals Technologies Inc. (MTI) since December 13, 2016 and served as its Interim Co-Chief Executive Officer at Mineral ...
CEO Compensation Analysis
Compensation vs Market: Doug's total compensation ($USD4.78M) is about average for companies of similar size in the US market ($USD4.74M).
Compensation vs Earnings: Doug's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.33yrs | US$4.78m | 0.25% $3.0m | |
| Senior VP of Finance & Treasury and CFO | 3.25yrs | US$1.62m | 0.018% $215.0k | |
| Senior VP of HR | 10.58yrs | US$2.30m | 0.21% $2.5m | |
| Group President of Performance Materials | 1.83yrs | US$1.92m | 0.11% $1.3m | |
| Group President of Specialty Minerals & Refractories | 3.08yrs | US$2.54m | 0.17% $2.0m | |
| VP, Corporate Controller & Chief Accounting Officer | 22.25yrs | no data | 0.11% $1.3m | |
| Senior VP & Head of Global Operations - Performance Materials | 4.42yrs | US$1.69m | 0.12% $1.4m | |
| VP & MD of Energy Services | 4.5yrs | no data | 0.026% $305.0k | |
| VP & MD of MTI Global Supply Chain | 4.25yrs | no data | 0.034% $408.1k | |
| Vice President and Managing Director of Construction Technologies Business Segment | 3.67yrs | no data | no data |
4.0yrs
Average Tenure
56yo
Average Age
Experienced Management: MTX's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.33yrs | US$4.78m | 0.25% $3.0m | |
| Independent Director | 6.17yrs | US$192.50k | 0.0012% $13.9k | |
| Independent Chairman of the Board | 3.58yrs | US$305.46k | 0.0050% $59.2k | |
| Independent Director | 6.92yrs | US$199.18k | 0.0035% $41.8k | |
| Independent Director | 8.25yrs | US$202.06k | 0.0012% $14.3k | |
| Independent Director | 1.08yrs | no data | 0.0012% $13.9k | |
| Independent Director | 2.67yrs | US$190.44k | 0.0012% $13.9k | |
| Independent Director | 5.42yrs | US$188.52k | 0.0035% $41.8k | |
| Independent Director | 2.5yrs | US$190.33k | 0.0013% $15.6k | |
| Independent Director | 10.25yrs | US$198.15k | 0.0012% $13.9k |
4.5yrs
Average Tenure
57.5yo
Average Age
Experienced Board: MTX's board of directors are considered experienced (4.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MTX insiders have bought more shares than they have sold 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
Minerals Technologies Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Minerals Technologies Inc.
- Ticker: MTX
- Exchange: NYSE
- Founded: 1968
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: US$1.191b
- Shares outstanding: 34.22m
- Website: https://www.mineralstech.com
Number of Employees
Location
- Minerals Technologies Inc.
- 622 Third Avenue
- 38th Floor
- New York
- New York
- 10017-6707
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MTX | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Oct 1992 |
| MNK | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 1992 |
Biography
Minerals Technologies Inc. develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company’s Performance Materials segment supplies bentonite and bentonite-related products, as well as chromite and leonardite. This segment offers metal casting products; household, personal care, and specialty products; and basic minerals, environmental products, and building materials. In addition, this segment provides products for non-residential construction, environmental, and infrastructure projects, as well as for construction project customers. Its Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc. This segment’s products are used in paper, building materials, paint and coatings, glass, ceramic, polymer, food, automotive, and pharmaceutical industries. The company’s Refractories segment offers monolithic and shaped refractory materials; specialty products, services, and application and measurement equipment; and calcium metal and metallurgical wire products that are used in the applications of steel, non-ferrous metal, and glass industries. Its Energy Services segment provides offshore filtration and well testing services to the oil and gas industry. The company markets its products primarily through its direct sales force, as well as regional distributors. Minerals Technologies Inc. was founded in 1968 and is headquartered in New York, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/08 04:40 |
| End of Day Share Price | 2020/04/07 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.