NYSE:MTX

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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. More Details


Snowflake Analysis

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

Stable Share Price: MTX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MTX's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-0.5%

MTX

1.1%

US Chemicals

-0.06%

US Market


1 Year Return

11.0%

MTX

14.2%

US Chemicals

19.0%

US Market

Return vs Industry: MTX underperformed the US Chemicals industry which returned 14.2% over the past year.

Return vs Market: MTX underperformed the US Market which returned 19% over the past year.


Shareholder returns

MTXIndustryMarket
7 Day-0.5%1.1%-0.06%
30 Day4.1%7.7%4.4%
90 Day16.8%11.4%6.3%
1 Year11.4%11.0%17.0%14.2%21.7%19.0%
3 Year-14.1%-15.0%22.8%0.3%46.4%36.7%
5 Year0.8%-0.9%73.0%32.9%91.0%69.9%

Long-Term 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?

12.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MTX ($61) is trading below our estimate of fair value ($70.02)

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 (19x) compared to the US Chemicals industry average (29.2x).

PE vs Market: MTX is good value based on its PE Ratio (19x) compared to the US market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: MTX is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: MTX is good value based on its PB Ratio (1.4x) compared to the US Chemicals industry average (2.3x).


Next Steps

Future Growth

How is Minerals Technologies forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

18.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTX's forecast earnings growth (18.8% per year) is above the savings rate (2.2%).

Earnings vs Market: MTX's earnings (18.8% per year) are forecast to grow slower than the US market (21.9% per year).

High Growth Earnings: MTX's earnings are forecast to grow, but not significantly.

Revenue vs Market: MTX's revenue (4% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: MTX's revenue (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%).


Next Steps

Past Performance

How has Minerals Technologies performed over the past 5 years?

3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MTX has high quality earnings.

Growing Profit Margin: MTX's current net profit margins (6.9%) are lower than last year (8.2%).


Past Earnings Growth Analysis

Earnings Trend: MTX's earnings have grown by 3.9% 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 (-24.9%) over the past year, making it difficult to compare to the Chemicals industry average (-16.9%).


Return on Equity

High ROE: MTX's Return on Equity (7.7%) 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 ($1.0B) exceed its short term liabilities ($272.0M).

Long Term Liabilities: MTX's short term assets ($1.0B) do not cover its long term liabilities ($1.5B).


Debt to Equity History and Analysis

Debt Level: MTX's debt to equity ratio (65.6%) is considered high.

Reducing Debt: MTX's debt to equity ratio has reduced from 144.1% to 65.6% over the past 5 years.

Debt Coverage: MTX's debt is well covered by operating cash flow (23.6%).

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?

0.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MTX's dividend (0.33%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.5%).

High Dividend: MTX's dividend (0.33%) is low compared to the top 25% of dividend payers in the US market (4.15%).


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?

4.9yrs

Average management tenure


CEO

Doug Dietrich (51 yo)

3.92yrs

Tenure

US$5,394,619

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 ($USD5.39M) is about average for companies of similar size in the US market ($USD4.20M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Douglas Dietrich
CEO & Director3.92yrsUS$5.39m0.26%
$ 5.4m
Matthew Garth
Senior VP of Finance & Treasury and CFO3.83yrsUS$1.90m0.018%
$ 376.8k
Thomas Meek
Senior VP8.08yrsUS$2.15m0.22%
$ 4.6m
D. Monagle
Group President of Specialty Minerals & Refractories13yrsUS$2.29m0.18%
$ 3.8m
Jonathan Hastings
Group President of Performance Materials2.42yrsUS$1.87m0.11%
$ 2.3m
Michael Cipolla
VP, Corporate Controller & Chief Accounting Officer22.83yrsno data0.11%
$ 2.3m
Erik Aldag
Head of Investor Relationsno datano datano data
Michael Landau
Director of Corporate Communicationsno datano datano data
Erin Cutler
Vice President of Human Resources0.25yrno data0.0024%
$ 48.7k
Douglas Mayger
Senior VP & Head of Global Operations - Performance Materials5yrsUS$1.69m0.12%
$ 2.5m
Andrew Jones
VP & MD of Energy Services5.08yrsno data0.026%
$ 534.6k
Brett Argirakis
VP & MD of MTI Global Supply Chain4.83yrsno data0.034%
$ 715.2k

4.9yrs

Average Tenure

57yo

Average Age

Experienced Management: MTX's management team is considered experienced (4.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Douglas Dietrich
CEO & Director3.92yrsUS$5.39m0.26%
$ 5.4m
Donald Winter
Independent Director6.75yrsUS$210.46kno data
Duane Dunham
Independent Chairman of the Board4.17yrsUS$323.34k0.0050%
$ 103.7k
John Carmola
Independent Director7.5yrsUS$219.63k0.0035%
$ 73.2k
Marc Robinson
Independent Director8.83yrsUS$226.92k0.0012%
$ 25.1k
Alison Deans
Independent Director1.67yrsUS$186.63k0.0012%
$ 24.5k
Carolyn Pittman
Independent Director3.25yrsUS$208.21k0.0012%
$ 24.5k
Joseph Breunig
Independent Director6yrsUS$206.38k0.0035%
$ 73.2k
Franklin Feder
Independent Director3.08yrsUS$208.38k0.0013%
$ 27.4k
Robert Clark
Independent Director10.83yrsUS$218.55k0.0012%
$ 24.5k

5.1yrs

Average Tenure

58.5yo

Average Age

Experienced Board: MTX's board of directors are considered experienced (5.1 years average tenure).


Ownership

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

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$2.074b
  • Shares outstanding: 33.99m
  • 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

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 Performance...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 00:17
End of Day Share Price2020/11/23 00:00
Earnings2020/09/27
Annual Earnings2019/12/31


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.