NYSE:MTX

Stock Analysis Report

Minerals Technologies

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

-0.5%

MTX

-0.9%

US Chemicals

0.07%

US Market


1 Year Return

-9.4%

MTX

-3.9%

US Chemicals

8.9%

US Market

Return vs Industry: MTX underperformed the US Chemicals industry which returned -3.9% over the past year.

Return vs Market: MTX underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

MTXIndustryMarket
7 Day-0.5%-0.9%0.07%
30 Day-3.5%-2.4%-0.3%
90 Day-5.2%-4.0%-1.6%
1 Year-9.0%-9.4%10.3%-3.9%11.3%8.9%
3 Year-24.1%-24.8%39.6%13.0%46.3%36.8%
5 Year-29.7%-30.8%43.1%11.1%62.1%44.3%

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

Valuation

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

7.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MTX ($51.38) is trading below our estimate of fair value ($55.71)

Significantly Below Fair Value: 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 (12x) compared to the Chemicals industry average (19.6x).

PE vs Market: MTX is good value based on its PE Ratio (12x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

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 (14.5% 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

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

company0.4%marketbottom25%1.4%markettop25%3.7%industryaverage2.3%forecastin3Years0.4%

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 (3.68%).

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 ($USD4.78M) is about average for companies of similar size in the US market ($USD4.07M).

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

BuyUS$71,98403 Sep 19
Douglas Dietrich
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares1,500
Max PriceUS$47.99
BuyUS$23,66314 Mar 19
Alison Deans
EntityIndividual
Role
Member of the Board of Directors
Director
Shares400
Max PriceUS$59.16
BuyUS$11,72814 Mar 19
Robert Clark
EntityIndividual
Role
Member of the Board of Directors
Director
Shares200
Max PriceUS$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$1.802b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MTXNYSE (New York Stock Exchange)YesCommon StockUSUSDOct 1992
MNKDB (Deutsche Boerse AG)YesCommon StockDEEUROct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:38
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.