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Minerals Technologies

NYSE:MTX
Snowflake Description

Fair value with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MTX
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Minerals Technologies Inc. develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The last earnings update was 75 days ago. More info.


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MTX Share Price and Events
7 Day Returns
-1.2%
NYSE:MTX
2.4%
US Chemicals
0.6%
US Market
1 Year Returns
-32.1%
NYSE:MTX
-10.8%
US Chemicals
4.1%
US Market
MTX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Minerals Technologies (MTX) -1.2% -10.8% -19.1% -32.1% -21.9% -18.5%
US Chemicals 2.4% 1.3% -3.6% -10.8% 16.1% 6.8%
US Market 0.6% 3.8% 2.8% 4.1% 37.3% 42.5%
1 Year Return vs Industry and Market
  • MTX underperformed the Chemicals industry which returned -10.8% over the past year.
  • MTX underperformed the Market in United States of America which returned 4.1% over the past year.
Price Volatility
MTX
Industry
5yr Volatility vs Market
Related Companies

MTX Value

 Is Minerals Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Minerals Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Minerals Technologies.

NYSE:MTX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:MTX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.89 (1 + (1- 21%) (59.07%))
1.204
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.204 * 5.96%)
9.91%

Discounted Cash Flow Calculation for NYSE:MTX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Minerals Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:MTX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.91%)
2020 192.40 Analyst x2 175.06
2021 165.00 Analyst x1 136.59
2022 148.63 Est @ -9.92% 111.95
2023 139.53 Est @ -6.13% 95.62
2024 134.68 Est @ -3.47% 83.98
2025 132.52 Est @ -1.61% 75.18
2026 132.11 Est @ -0.31% 68.19
2027 132.91 Est @ 0.6% 62.42
2028 134.56 Est @ 1.24% 57.50
2029 136.83 Est @ 1.69% 53.20
Present value of next 10 years cash flows $919.70
NYSE:MTX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $136.83 × (1 + 2.73%) ÷ (9.91% – 2.73%)
$1,958.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,958.47 ÷ (1 + 9.91%)10
$761.47
NYSE:MTX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $919.70 + $761.47
$1,681.17
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,681.17 / 35.24
$47.71
NYSE:MTX Discount to Share Price
Calculation Result
Value per share (USD) From above. $47.71
Current discount Discount to share price of $51.09
= -1 x ($51.09 - $47.71) / $47.71
-7.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Minerals Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Minerals Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Minerals Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:MTX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $4.77
NYSE:MTX Share Price ** NYSE (2019-07-17) in USD $51.09
United States of America Chemicals Industry PE Ratio Median Figure of 67 Publicly-Listed Chemicals Companies 18.76x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Minerals Technologies.

NYSE:MTX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MTX Share Price ÷ EPS (both in USD)

= 51.09 ÷ 4.77

10.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Minerals Technologies is good value based on earnings compared to the US Chemicals industry average.
  • Minerals Technologies is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Minerals Technologies's expected growth come at a high price?
Raw Data
NYSE:MTX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
6.8%per year
United States of America Chemicals Industry PEG Ratio Median Figure of 49 Publicly-Listed Chemicals Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,122 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

NYSE:MTX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.71x ÷ 6.8%

1.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Minerals Technologies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Minerals Technologies's assets?
Raw Data
NYSE:MTX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $39.55
NYSE:MTX Share Price * NYSE (2019-07-17) in USD $51.09
United States of America Chemicals Industry PB Ratio Median Figure of 93 Publicly-Listed Chemicals Companies 2.11x
United States of America Market PB Ratio Median Figure of 5,241 Publicly-Listed Companies 1.81x
NYSE:MTX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MTX Share Price ÷ Book Value per Share (both in USD)

= 51.09 ÷ 39.55

1.29x

* Primary Listing of Minerals Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Minerals Technologies is good value based on assets compared to the US Chemicals industry average.
X
Value checks
We assess Minerals Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Minerals Technologies has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MTX Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Minerals Technologies expected to grow at an attractive rate?
  • Minerals Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Minerals Technologies's earnings growth is positive but not above the United States of America market average.
  • Minerals Technologies's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:MTX Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:MTX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 6.8%
NYSE:MTX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.2%
United States of America Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:MTX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:MTX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,185 1
2022-12-31 2,087 1
2021-12-31 1,955 249 191 2
2020-12-31 1,874 237 172 4
2019-12-31 1,818 224 154 4
NYSE:MTX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,814 199 168
2018-12-31 1,808 204 169
2018-09-30 1,792 190 202
2018-07-01 1,753 210 202
2018-04-01 1,702 227 200
2017-12-31 1,676 208 195
2017-10-01 1,645 212 156
2017-07-02 1,620 201 156
2017-04-02 1,633 199 134
2016-12-31 1,638 225 133
2016-10-02 1,667 240 114
2016-07-03 1,718 258 101
2016-04-03 1,755 292 107

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Minerals Technologies's earnings are expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
  • Minerals Technologies's revenue is expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:MTX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Minerals Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MTX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 5.45 5.45 5.45 1.00
2020-12-31 4.83 5.05 4.60 2.00
2019-12-31 4.45 4.70 4.20 2.00
NYSE:MTX Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 4.77
2018-12-31 4.79
2018-09-30 5.71
2018-07-01 5.70
2018-04-01 5.68
2017-12-31 5.54
2017-10-01 4.44
2017-07-02 4.45
2017-04-02 3.84
2016-12-31 3.82
2016-10-02 3.27
2016-07-03 2.92
2016-04-03 3.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Minerals Technologies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Minerals Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Minerals Technologies has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MTX Past Performance

  How has Minerals Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Minerals Technologies's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Minerals Technologies's year on year earnings growth rate has been positive over the past 5 years.
  • Minerals Technologies's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Minerals Technologies's 1-year earnings growth is negative, it can't be compared to the US Chemicals industry average.
Earnings and Revenue History
Minerals Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Minerals Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MTX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,814.00 168.20 183.50 21.40
2018-12-31 1,807.60 169.00 185.00 22.70
2018-09-30 1,792.30 201.70 185.70 23.40
2018-07-01 1,752.60 201.50 184.50 24.30
2018-04-01 1,702.00 200.40 182.70 24.00
2017-12-31 1,675.70 195.10 182.30 23.70
2017-10-01 1,644.80 156.00 179.30 23.70
2017-07-02 1,619.90 155.90 175.20 23.70
2017-04-02 1,632.80 134.10 176.70 23.70
2016-12-31 1,638.00 133.40 179.40 23.80
2016-10-02 1,666.70 113.60 178.90 23.70
2016-07-03 1,718.10 101.30 186.40 23.90
2016-04-03 1,754.50 106.70 189.40 23.60
2015-12-31 1,797.60 107.90 190.10 23.60
2015-09-27 1,883.60 112.20 195.40 24.20
2015-06-28 1,976.20 119.70 205.10 24.70
2015-03-29 1,933.90 109.80 203.30 25.20
2014-12-31 1,725.00 90.30 182.20 24.40
2014-09-28 1,465.70 91.80 150.30 23.20
2014-06-29 1,176.30 76.80 112.50 21.90
2014-03-30 1,012.09 82.21 87.89 20.38
2013-12-31 1,018.20 86.10 89.20 20.10
2013-09-29 1,004.55 82.07 88.53 19.90
2013-06-30 998.25 79.39 88.68 19.70
2013-03-31 992.72 77.45 88.62 19.94
2012-12-31 996.80 76.60 88.50 20.20
2012-09-30 1,005.46 77.57 88.92 20.02

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Minerals Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Minerals Technologies used its assets less efficiently than the US Chemicals industry average last year based on Return on Assets.
  • Minerals Technologies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Minerals Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Minerals Technologies has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MTX Health

 How is Minerals Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Minerals Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Minerals Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Minerals Technologies's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Minerals Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Minerals Technologies Company Filings, last reported 3 months ago.

NYSE:MTX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,427.40 1,004.90 207.00
2018-12-31 1,385.30 1,018.70 212.60
2018-09-30 1,341.60 1,058.10 211.20
2018-07-01 1,317.40 1,089.00 205.90
2018-04-01 1,331.80 971.20 227.10
2017-12-31 1,279.10 969.90 214.90
2017-10-01 1,202.30 1,002.90 214.50
2017-07-02 1,139.00 1,032.10 182.50
2017-04-02 1,081.80 1,063.50 172.30
2016-12-31 1,030.90 1,082.80 190.50
2016-10-02 1,041.30 1,128.70 204.80
2016-07-03 992.40 1,178.00 205.60
2016-04-03 979.40 1,226.70 215.40
2015-12-31 937.70 1,264.90 232.00
2015-09-27 924.70 1,334.00 227.80
2015-06-28 927.40 1,382.70 227.40
2015-03-29 899.00 1,424.80 196.00
2014-12-31 888.90 1,435.30 250.40
2014-09-28 925.70 1,520.90 220.40
2014-06-29 914.10 1,557.60 207.90
2014-03-30 894.69 87.95 508.73
2013-12-31 874.40 88.70 506.10
2013-09-29 832.27 90.69 485.95
2013-06-30 815.56 90.79 473.96
2013-03-31 812.76 92.69 469.92
2012-12-31 813.72 92.57 468.27
2012-09-30 828.35 90.85 461.81
  • Minerals Technologies's level of debt (70.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (13.4% vs 70.4% today).
  • Debt is not well covered by operating cash flow (19.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.4x coverage).
X
Financial health checks
We assess Minerals Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Minerals Technologies has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MTX Dividends

 What is Minerals Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.39%
Current annual income from Minerals Technologies dividends. Estimated to be 0.39% next year.
If you bought $2,000 of Minerals Technologies shares you are expected to receive $8 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Minerals Technologies's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Minerals Technologies's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:MTX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 56 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:MTX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.20 1.00
2020-12-31 0.20 1.00
2019-12-31 0.20 1.00
NYSE:MTX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-14 0.200 0.366
2019-01-23 0.200 0.336
2018-10-24 0.200 0.374
2018-07-18 0.200 0.299
2018-05-16 0.200 0.267
2018-01-24 0.200 0.284
2017-11-15 0.200 0.282
2017-07-19 0.200 0.289
2017-05-16 0.200 0.274
2017-01-18 0.200 0.260
2016-11-16 0.200 0.253
2016-07-20 0.200 0.292
2016-05-11 0.200 0.343
2016-01-20 0.200 0.393
2015-11-11 0.200 0.404
2015-07-15 0.200 0.355
2015-05-12 0.200 0.294
2015-01-21 0.200 0.288
2014-11-12 0.200 0.290
2014-07-16 0.200 0.316
2014-05-20 0.200 0.314
2014-01-22 0.200 0.344
2013-11-13 0.200 0.340
2013-07-17 0.200 0.408
2013-05-15 0.200 0.467
2013-01-23 0.200 0.488
2012-11-14 0.200 0.519
2012-07-26 0.100 0.289
2012-04-27 0.100 0.313
2012-04-26 0.100 0.298
2011-11-17 0.100 0.323
2011-07-28 0.100 0.370
2011-05-17 0.100 0.305
2011-01-26 0.100 0.304
2010-11-17 0.100 0.310
2010-10-29 0.100 0.339
2010-10-28 0.100 0.341
2010-05-18 0.100 0.376
2010-02-04 0.100 0.376
2009-11-18 0.100 0.377
2009-07-23 0.100 0.418
2009-05-21 0.100 0.519
2009-02-05 0.100 0.587
2008-10-23 0.100 0.461
2008-07-24 0.100 0.328

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Minerals Technologies is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Minerals Technologies is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Minerals Technologies's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Minerals Technologies's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Minerals Technologies's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Minerals Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Minerals Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Minerals Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MTX Management

 What is the CEO of Minerals Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Doug Dietrich
COMPENSATION $4,775,406
AGE 50
TENURE AS CEO 2.6 years
CEO Bio

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 Minerals Technologies Inc. (MTI) from September 3, 2016 to December 13, 2016. He has extensive experience in engineering, management, product delivery and operations. Mr. Dietrich served as the Chief Financial Officer and Senior Vice President of Finance & Treasury at Minerals Technologies Inc. (MTI) since January 1, 2011 to 2016. Mr. Dietrich served as Vice President of Vice President of Business Development & Treasury of Minerals Technologies Inc. from August 2007 to November 15, 2010. He served as Vice President and General Manager of Auto Wheels for Alcoa Wheel and Transportation Products Inc. since January 2006. He joined Alcoa in 2000 as Manager of eBusiness Development in the New York office, primarily responsible for developing and implementing an eBusiness strategy for Alcoa's automotive market customers. He served as Manager of Business Development & Strategic Global Sourcing accountable for designing and executing sourcing strategies for Alcoa's Asia and Latin America regions. Mr. Dietrich served as General Manager of Global Cold Finished Products, an Alcoa business with plants in the U.S., Korea and Brazil, which produces high performance aluminum alloys for several industries, including the automotive and aerospace sectors. Since 2004, he served as President of Latin American Extrusions and Global Cold Finished Products. Prior to Alcoa, he was employed for four years by Eaton Corporation in engineering/operations management positions at Eaton's Toa Baja, Puerto Rico facility. From 1991 to 1994, he served for Westinghouse Electric Corporation in engineering and manufacturing assignments in Asheville, NC and Austin, Texas. He has been a Director of at Minerals Technologies Inc. since December 13, 2016. He has been a Director of AMCOL International Corporation since May 9, 2014. Mr. Dietrich holds an MBA in Finance from The Wharton School at the University of Pennsylvania in 2000 and a Bachelor of Science degree in Mechanical Engineering from the University of Michigan in 1991.

CEO Compensation
  • Doug's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Doug's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Minerals Technologies management team in years:

2.9
Average Tenure
58
Average Age
  • The tenure for the Minerals Technologies management team is about average.
Management Team

Doug Dietrich

TITLE
CEO & Director
COMPENSATION
$5M
AGE
50
TENURE
2.6 yrs

Matt Garth

TITLE
Senior VP of Finance & Treasury and CFO
COMPENSATION
$2M
AGE
45
TENURE
2.5 yrs

Tom Meek

TITLE
Senior VP of HR
COMPENSATION
$2M
AGE
62
TENURE
9.8 yrs

Jon Hastings

TITLE
Group President of Performance Materials
COMPENSATION
$2M
AGE
56
TENURE
1.1 yrs

D. Monagle

TITLE
Group President of Specialty Minerals & Refractories
COMPENSATION
$3M
AGE
56
TENURE
2.3 yrs

Michael Cipolla

TITLE
VP, Corporate Controller & Chief Accounting Officer
AGE
61
TENURE
21.5 yrs

Cindi Buckwalter

TITLE
Vice President of Investor Relations & Corporate Communications

Doug Mayger

TITLE
Senior VP & Director of MTI Supply Chain
COMPENSATION
$2M
AGE
61
TENURE
3.7 yrs

Andy Jones

TITLE
VP & MD of Energy Services
AGE
60
TENURE
3.8 yrs

Tom Stam

TITLE
Vice President and Managing Director of Construction Technologies Business Segment
TENURE
2.9 yrs
Board of Directors Tenure

Average tenure and age of the Minerals Technologies board of directors in years:

3.8
Average Tenure
57.5
Average Age
  • The tenure for the Minerals Technologies board of directors is about average.
Board of Directors

Duane Dunham

TITLE
Chairman
COMPENSATION
$305K
AGE
77
TENURE
2.8 yrs

Doug Dietrich

TITLE
CEO & Director
COMPENSATION
$5M
AGE
50
TENURE
2.6 yrs

Robert Clark

TITLE
Director
COMPENSATION
$198K
AGE
55
TENURE
9.5 yrs

Marc Robinson

TITLE
Director
COMPENSATION
$202K
AGE
58
TENURE
7.5 yrs

Jack Carmola

TITLE
Director
COMPENSATION
$199K
AGE
63
TENURE
6.2 yrs

Don Winter

TITLE
Director
COMPENSATION
$192K
AGE
70
TENURE
5.4 yrs

Joe Breunig

TITLE
Director
COMPENSATION
$189K
AGE
57
TENURE
4.7 yrs

Carolyn Pittman

TITLE
Director
COMPENSATION
$190K
AGE
55
TENURE
1.9 yrs

Frank Feder

TITLE
Director
COMPENSATION
$190K
AGE
68
TENURE
1.8 yrs

Alison Deans

TITLE
Director
AGE
57
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Mar 19 Buy Alison Deans Individual 14. Mar 19 14. Mar 19 400 $59.16 $23,663
14. Mar 19 Buy Robert Clark Individual 14. Mar 19 14. Mar 19 200 $58.64 $11,728
09. Aug 18 Buy John Carmola Individual 08. Aug 18 08. Aug 18 800 $68.00 $54,400
X
Management checks
We assess Minerals Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Minerals Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MTX News

Simply Wall St News

Imagine Owning Minerals Technologies (NYSE:MTX) And Wondering If The 30% Share Price Slide Is Justified

View our latest analysis for Minerals Technologies In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … Unhappily, Minerals Technologies had to report a 16% decline in EPS over the last year. … Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround.

Simply Wall St -

Minerals Technologies Inc. (NYSE:MTX): What Does Its Beta Value Mean For Your Portfolio?

(NYSE:MTX), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … Given that it has a beta of 1.95, we can surmise that the Minerals Technologies share price has been fairly sensitive to market volatility (over the last 5 years).

Simply Wall St -

Is There Now An Opportunity In Minerals Technologies Inc. (NYSE:MTX)?

It’s trading around 18% below my intrinsic value, which means if you buy Minerals Technologies today, you’d be paying a fair price for it. … Given that Minerals Technologies’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

Simply Wall St -

How Much Did Minerals Technologies Inc.'s (NYSE:MTX) CEO Pocket Last Year?

View our latest analysis for Minerals Technologies How Does Doug Dietrich's Compensation Compare With Similar Sized Companies? … While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at US$898k. … With a three year total loss of 9.4%, Minerals Technologies Inc.

Simply Wall St -

Minerals Technologies Inc. (NYSE:MTX): Does The -16% Earnings Drop Reflect A Longer Term Trend?

In this article, I will take a look at Minerals Technologies Inc.'s (NYSE:MTX) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 18%, indicating the rate at which MTX is growing has slowed down. … You should continue to research Minerals Technologies to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for MTX’s future growth?

Simply Wall St -

Is There An Opportunity With Minerals Technologies Inc.'s (NYSE:MTX) 26% Undervaluation?

Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $166.00 $181.00 $194.00 $205.01 $214.83 $223.80 $232.17 $240.15 $247.90 $255.52 Growth Rate Estimate Source Analyst x1 Analyst x1 Analyst x1 Est @ 5.68% Est @ 4.79% Est @ 4.17% Est @ 3.74% Est @ 3.44% Est @ 3.23% Est @ 3.08% Present Value ($, Millions) Discounted @ 9.58% $151.48 $150.73 $147.43 $142.17 $135.95 $129.24 $122.35 $115.49 $108.79 $102.33 Present Value of 10-year Cash Flow (PVCF)= $1.31b "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 10-year government bond rate of 2.7%. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$256m × (1 + 2.7%) ÷ (9.6% – 2.7%) = US$3.8b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$3.8b ÷ ( 1 + 9.6%)10 = $1.53b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is $2.84b.

Simply Wall St -

Does Minerals Technologies Inc.'s (NYSE:MTX) Debt Level Pose A Problem?

Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Minerals Technologies Inc. … While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories. … Today we will look at MTX’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth.

Simply Wall St -

A Note On Minerals Technologies Inc.'s (NYSE:MTX) ROE and Debt To Equity

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every $1 worth of shareholders' equity, it generated $0.13 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Those Who Purchased Minerals Technologies (NYSE:MTX) Shares A Year Ago Have A 12% Loss To Show For It

(NYSE:MTX) shareholders should be happy to see the share price up 15% in the last quarter. … But in truth the last year hasn't been good for the share price. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

Simply Wall St -

Minerals Technologies Inc. (NYSE:MTX) Insiders Increased Their Holdings

We often see insiders buying up shares in companies that perform well over the long term. … The Last 12 Months Of Insider Transactions At Minerals Technologies. … Overall, Minerals Technologies insiders were net buyers last year

Simply Wall St -

MTX Company Info

Description

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 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. Its 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. 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.

Details
Name: Minerals Technologies Inc.
MTX
Exchange: NYSE
Founded: 1968
$1,800,164,375
35,235,161
Website: http://www.mineralstech.com
Address: Minerals Technologies Inc.
622 Third Avenue,
38th Floor,
New York,
New York, 10017,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MTX Common Stock New York Stock Exchange US USD 23. Oct 1992
DB MNK Common Stock Deutsche Boerse AG DE EUR 23. Oct 1992
Number of employees
Current staff
Staff numbers
3,720
Minerals Technologies employees.
Industry
Specialty Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 23:43
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.