Stock Analysis Report

Schweitzer-Mauduit International

Executive Summary

Schweitzer-Mauduit International, Inc., together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide.


Trading at 29.3% below its fair value

Earnings are forecast to grow 12.45% per year

Earnings grew by 21.1% over the past year

Pays a high and reliable dividend of 5.01%

Risk Analysis

Has a high level of debt

Highly volatile share price over past 3 months

Snowflake Analysis

6 star dividend payer and good value.

Similar Companies

Share Price & News

How has Schweitzer-Mauduit International's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: SWM's share price has been volatile over the past 3 months.

Market Performance

7 Day Return




US Forestry


US Market

1 Year Return




US Forestry


US Market

Return vs Industry: SWM exceeded the US Forestry industry which returned -6.3% over the past year.

Return vs Market: SWM underperformed the US Market which returned 20.1% over the past year.

Shareholder returns

7 Day-2.0%1.8%1.5%
30 Day-7.4%-2.5%1.4%
90 Day-20.0%0.06%8.7%
1 Year8.7%3.7%-3.5%-6.3%22.7%20.1%
3 Year-3.4%-15.7%7.9%-0.4%50.1%40.5%
5 Year-6.5%-24.9%1.4%-10.8%73.1%54.1%

Price Volatility Vs. Market

How volatile is Schweitzer-Mauduit International's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Schweitzer-Mauduit International undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SWM ($35.14) is trading below our estimate of fair value ($49.67)

Significantly Below Fair Value: SWM is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: SWM is good value based on its PE Ratio (14.9x) compared to the Forestry industry average (19.3x).

PE vs Market: SWM is good value based on its PE Ratio (14.9x) compared to the US market (18.4x).

Price to Earnings Growth Ratio

PEG Ratio: SWM is poor value based on its PEG Ratio (1.2x)

Price to Book Ratio

PB vs Industry: SWM is overvalued based on its PB Ratio (1.9x) compared to the US Forestry industry average (1.1x).

Next Steps

Future Growth

How is Schweitzer-Mauduit International forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SWM's forecast earnings growth (12.5% per year) is above the savings rate (1.7%).

Earnings vs Market: SWM's earnings (12.5% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: SWM's revenue (0.6% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: SWM's revenue (0.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SWM's Return on Equity is forecast to be low in 3 years time (14.2%).

Next Steps

Past Performance

How has Schweitzer-Mauduit International performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SWM has high quality earnings.

Growing Profit Margin: SWM's current net profit margins (7%) are higher than last year (5.8%).

Past Earnings Growth Analysis

Earnings Trend: SWM's earnings have declined by -4% per year over the past 5 years.

Accelerating Growth: SWM's earnings growth over the past year (21.1%) exceeds its 5-year average (-4% per year).

Earnings vs Industry: SWM earnings growth over the past year (21.1%) exceeded the Forestry industry 1%.

Return on Equity

High ROE: SWM's Return on Equity (12.7%) is considered low.

Return on Assets

Return on Capital Employed

Next Steps

Financial Health

How is Schweitzer-Mauduit International's financial position?

Financial Position Analysis

Short Term Liabilities: SWM's short term assets ($418.9M) exceed its short term liabilities ($144.5M).

Long Term Liabilities: SWM's short term assets ($418.9M) do not cover its long term liabilities ($730.9M).

Debt to Equity History and Analysis

Debt Level: SWM's debt to equity ratio (97.5%) is considered high.

Reducing Debt: SWM's debt to equity ratio has increased from 85.8% to 97.5% over the past 5 years.

Debt Coverage: SWM's debt is well covered by operating cash flow (29.4%).

Interest Coverage: SWM's interest payments on its debt are well covered by EBIT (3.7x coverage).

Balance Sheet

Inventory Level: SWM has a high level of physical assets or inventory.

Debt Coverage by Assets: SWM's debt is not covered by short term assets (assets are 0.7x debt).

Next Steps


What is Schweitzer-Mauduit International's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market


Current dividend yield vs market & industry

Notable Dividend: SWM's dividend (5.01%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: SWM's dividend (5.01%) is in the top 25% of dividend payers in the US market (3.69%)

Stability and Growth of Payments

Stable Dividend: SWM's dividends per share have been stable in the past 10 years.

Growing Dividend: SWM's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (74.5%), SWM's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: SWM's dividends in 3 years are forecast to be covered by earnings (54.7% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Jeff Kramer (59yo)





Dr. Jeffrey Kramer, Ph.D., also known as Jeff, has been the Chief Executive Officer and Director at Schweitzer-Mauduit International, Inc. since April 21, 2017. Dr. Kramer served as the Chief Executive Off ...

CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD3.25M) is above average for companies of similar size in the US market ($USD2.47M).

Compensation vs Earnings: Jeff's compensation has increased by more than 20% in the past year.

Leadership Team

Jeffrey Kramer
CEO & Director2.8yrsUS$3.25m0.25% $2.8m
R. Wamser
Executive VP of Finance & CFO1.9yrsUS$1.35m0.074% $802.2k
Ricardo Nuñez
Executive VP2.4yrsUS$981.39k0.063% $686.8k
Michel Fievez
Consultant9.9yrsUS$1.16m0.23% $2.5m
Daniel Lister
Executive Vice President of Advanced Materials & Structures3.6yrsUS$914.86k0.071% $776.1k
Michael Schmit
Corporate Controller & Chief Accounting Officer0.8yrsno data0.014% $153.5k
Mark Chekanow
Director of Investor Relations6.8yrsno datano data
Mari Sifo
Chief Human Resources Officer0yrsno datano data
Omar Hoek
Executive Vice President of Engineered Papers0.08yrsno data0.023% $246.0k


Average Tenure


Average Age

Experienced Management: SWM's management team is considered experienced (2.6 years average tenure).

Board Members

Jeffrey Kramer
CEO & Director2.8yrsUS$3.25m0.25% $2.8m
Jeffrey Keenan
Independent Director4yrsUS$175.00k0.097% $1.1m
John Rogers
Chairman & Lead Independent Director1yrsUS$175.00k0.0065% $70.5k
K. Caldabaugh
Independent Director24.3yrsUS$245.00k0.015% $160.5k
Anderson Warlick
Independent Director10.6yrsUS$165.00k0.017% $183.4k
Marco Levi
Independent Director2.8yrsUS$155.00k0.021% $231.8k
Kimberly Ritrievi
Independent Director1.9yrsUS$127.50kno data
Deborah Borg
Independent Director1yrsno datano data


Average Tenure


Average Age

Experienced Board: SWM's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

Schweitzer-Mauduit International, Inc.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Schweitzer-Mauduit International, Inc.
  • Ticker: SWM
  • Exchange: NYSE
  • Founded: 1995
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: US$1.086b
  • Shares outstanding: 30.90m
  • Website: https://www.swmintl.com

Number of Employees


  • Schweitzer-Mauduit International, Inc.
  • 100 North Point Center East
  • Suite 600
  • Alpharetta
  • Georgia
  • 30022
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SWMNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 1995
MH2DB (Deutsche Boerse AG)YesCommon StockDEEURNov 1995


Schweitzer-Mauduit International, Inc., together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. The company operates through two segments, Engineered Papers, and Advanced Materials & Structures. The Engineered Papers segment provides low ignition propensity cigarette papers that are designed to self-extinguish when not actively being smoked; reconstituted tobacco products for use in machine-made cigars; alkaline battery separator papers; and commodity paper grades for printing and writing, flooring laminates, and food service packaging. The Advanced Materials & Structures segment manufactures and sells resin-based nets, films, and other non-wovens for filtration, infrastructure and construction, transportation, industrial, and medical end-markets. The company was incorporated in 1995 and is headquartered in Alpharetta, Georgia. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:03
End of Day Share Price2020/02/14 00:00
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.