Minerals Technologies
Market Cap
US$1.8b
Last Updated
2019/10/19 23:37 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.
Snowflake
Fundamentals
Good value 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
Market Performance
7 Day Return
2.1%
MTX
0.2%
US Chemicals
0.4%
US Market
1 Year Return
-8.6%
MTX
-5.4%
US Chemicals
6.9%
US Market
Return vs Industry: MTX underperformed the US Chemicals industry which returned -5.4% over the past year.
Return vs Market: MTX underperformed the US Market which returned 6.9% over the past year.
Shareholder returns
| MTX | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.1% | 0.2% | 0.4% |
| 30 Day | -2.9% | -2.1% | -1.1% |
| 90 Day | -0.3% | -1.7% | -0.5% |
| 1 Year | -8.3%-8.6% | 8.4%-5.4% | 9.3%6.9% |
| 3 Year | -22.7%-23.4% | 40.5%14.9% | 45.8%36.4% |
| 5 Year | -24.8%-25.9% | 43.0%12.2% | 62.9%45.1% |
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
1 week ago | Simply Wall St
A Look At The Fair Value Of Minerals Technologies Inc. (NYSE:MTX)3 weeks ago | Simply Wall St
How Does Investing In Minerals Technologies Inc. (NYSE:MTX) Impact The Volatility Of Your Portfolio?1 month ago | Simply Wall St
What Does Minerals Technologies Inc.'s (NYSE:MTX) Share Price Indicate?Valuation
Is Minerals Technologies undervalued compared to its fair value and its price relative to the market?
7.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: MTX ($51.79) is trading below our estimate of fair value ($55.66)
Significantly Undervalued: MTX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MTX is good value based on its PE Ratio (12.1x) compared to the Chemicals industry average (19x).
PE vs Market: MTX is good value based on its PE Ratio (12.1x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: MTX is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: MTX is good value based on its PB Ratio (1.3x) compared to the US Chemicals industry average (2x).
Next Steps
Future Growth
How is Minerals Technologies forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
9.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MTX's forecast earnings growth (9.3% per year) is above the savings rate (2.7%).
Earnings vs Market: MTX's earnings (9.3% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: MTX's earnings are forecast to grow, but not significantly.
Revenue vs Market: MTX's revenue (2.4% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: MTX's revenue (2.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: MTX's Return on Equity is forecast to be low in 3 years time (10.7%).
Next Steps
Past Performance
How has Minerals Technologies performed over the past 5 years?
16.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: MTX's earnings have grown by 16% 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 (-25.2%) over the past year, making it difficult to compare to the Chemicals industry average (-2.9%).
Return on Equity
High ROE: MTX's Return on Equity (10.9%) is considered low.
Return on Assets
ROA vs Industry: MTX's Return on Assets is below or equal to the Chemicals industry average last year.
Return on Capital Employed
ROCE Improving: MTX's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Minerals Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: MTX's short term assets ($931.1M) exceeds its short term liabilities ($405.6M)
Long Term Liabilities: MTX's short term assets (931.1M) do not cover its long term liabilities (1.3B)
Debt to Equity History and Analysis
Debt Level: MTX's debt to equity ratio (69.4%) is considered high
Reducing Debt: MTX's debt to equity ratio has reduced from 170.3% to 69.4% over the past 5 years.
Debt Coverage: MTX's debt is well covered by operating cash flow (22.5%).
Interest Coverage: MTX's interest payments on its debt are well covered by EBIT (5.4x coverage).
Balance Sheet
Inventory Level: MTX has a high level of physical assets or inventory.
Debt Coverage by Assets: MTX's debt is not covered by short term assets (assets are 0.9x debt).
Next Steps
Dividend
What is Minerals Technologies's current dividend yield, its reliability and sustainability?
0.39%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: MTX's dividend (0.39%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: MTX's dividend (0.39%) is low compared to the top 25% of dividend payers in the US market (3.73%).
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
What is the CEO of Minerals Technologies's salary, the management and board of directors tenure and is there insider trading?
3.2yrs
Average management tenure
CEO
Doug Dietrich (50yo)
2.8yrs
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 ($USD4.00M).
Compensation vs Earnings: Doug's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
3.2yrs
Average Tenure
58yo
Average Age
Experienced Management: MTX's management team is considered experienced (3.2 years average tenure).
Board Age and Tenure
4.0yrs
Average Tenure
57.5yo
Average Age
Experienced Board: MTX's board of directors are considered experienced (4 years average tenure).
Insider Trading
Insider Buying: MTX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer CEO & Director |
| Shares | 1,500 |
| Max Price | US$47.99 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 400 |
| Max Price | US$59.16 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 200 |
| Max Price | US$58.64 |
Ownership Breakdown
Management Team
Michael Cipolla (61yo)
VP, Corporate Controller & Chief Accounting Officer
- Tenure: 21.8yrs
Jon Hastings (56yo)
Group President of Performance Materials
- Tenure: 1.3yrs
- Compensation: US$1.92m
Doug Dietrich (50yo)
CEO & Director
- Tenure: 2.8yrs
- Compensation: US$4.78m
Tom Meek (62yo)
Senior VP of HR
- Tenure: 10.1yrs
- Compensation: US$2.30m
D. Monagle (56yo)
Group President of Specialty Minerals & Refractories
- Tenure: 2.6yrs
- Compensation: US$2.54m
Doug Mayger (61yo)
Senior VP & Head of Global Operations - Performance Materials
- Tenure: 3.9yrs
- Compensation: US$1.69m
Matt Garth (45yo)
Senior VP of Finance & Treasury and CFO
- Tenure: 2.8yrs
- Compensation: US$1.62m
Cindi Buckwalter
Vice President of Investor Relations & Corporate Communications
- Tenure: 0yrs
Andy Jones (60yo)
VP & MD of Energy Services
- Tenure: 4yrs
Tom Stam
Vice President and Managing Director of Construction Technologies Business Segment
- Tenure: 3.2yrs
Board Members
Don Winter (70yo)
Director
- Tenure: 5.7yrs
- Compensation: US$192.50k
Duane Dunham (77yo)
Chairman
- Tenure: 3.1yrs
- Compensation: US$305.46k
Jack Carmola (63yo)
Director
- Tenure: 6.4yrs
- Compensation: US$199.18k
Marc Robinson (58yo)
Director
- Tenure: 7.8yrs
- Compensation: US$202.06k
Alison Deans (57yo)
Director
- Tenure: 0.6yrs
Carolyn Pittman (55yo)
Director
- Tenure: 2.2yrs
- Compensation: US$190.44k
Doug Dietrich (50yo)
CEO & Director
- Tenure: 2.8yrs
- Compensation: US$4.78m
Joe Breunig (57yo)
Director
- Tenure: 4.9yrs
- Compensation: US$188.52k
Frank Feder (68yo)
Director
- Tenure: 2yrs
- Compensation: US$190.33k
Robert Clark (55yo)
Director
- Tenure: 9.8yrs
- Compensation: US$198.15k
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$1.816b
- Shares outstanding: 35.06m
- Website: https://www.mineralstech.com
Number of Employees
Location
- Minerals Technologies Inc.
- 622 Third Avenue
- 38th Floor
- New York
- New York
- 10017
- 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 Specialty M ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 23:37 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.