NYSE:MTD

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Mettler-Toledo International Inc. manufactures and supplies precision instruments and services worldwide. More Details


Snowflake Analysis

Mediocre balance sheet with acceptable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MTD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MTD's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.9%

MTD

0.8%

US Life Sciences

2.8%

US Market


1 Year Return

56.5%

MTD

37.0%

US Life Sciences

20.7%

US Market

Return vs Industry: MTD exceeded the US Life Sciences industry which returned 34.4% over the past year.

Return vs Market: MTD exceeded the US Market which returned 19.8% over the past year.


Shareholder returns

MTDIndustryMarket
7 Day-1.9%0.8%2.8%
30 Day11.6%2.6%12.3%
90 Day16.5%7.9%6.4%
1 Year56.5%56.5%37.2%37.0%23.4%20.7%
3 Year80.3%80.3%97.7%96.4%47.2%37.4%
5 Year232.4%232.4%178.8%175.1%94.1%72.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Mettler-Toledo International undervalued compared to its fair value and its price relative to the market?

46.72x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MTD ($1126) is trading above our estimate of fair value ($564.19)

Significantly Below Fair Value: MTD is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MTD is poor value based on its PE Ratio (46.7x) compared to the US Life Sciences industry average (41.8x).

PE vs Market: MTD is poor value based on its PE Ratio (46.7x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: MTD is poor value based on its PEG Ratio (5.5x)


Price to Book Ratio

PB vs Industry: MTD is overvalued based on its PB Ratio (60.5x) compared to the US Life Sciences industry average (6.3x).


Next Steps

Future Growth

How is Mettler-Toledo International forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

8.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTD's forecast earnings growth (8.5% per year) is above the savings rate (2.2%).

Earnings vs Market: MTD's earnings (8.5% per year) are forecast to grow slower than the US market (22% per year).

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

Revenue vs Market: MTD's revenue (6.5% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: MTD's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MTD's Return on Equity is forecast to be very high in 3 years time (242%).


Next Steps

Past Performance

How has Mettler-Toledo International performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MTD has high quality earnings.

Growing Profit Margin: MTD's current net profit margins (19.4%) are higher than last year (18.4%).


Past Earnings Growth Analysis

Earnings Trend: MTD's earnings have grown by 11.1% per year over the past 5 years.

Accelerating Growth: MTD's earnings growth over the past year (5.4%) is below its 5-year average (11.1% per year).

Earnings vs Industry: MTD earnings growth over the past year (5.4%) underperformed the Life Sciences industry 30.4%.


Return on Equity

High ROE: Whilst MTD's Return on Equity (130.72%) is outstanding, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Mettler-Toledo International's financial position?


Financial Position Analysis

Short Term Liabilities: MTD's short term assets ($1.0B) exceed its short term liabilities ($764.1M).

Long Term Liabilities: MTD's short term assets ($1.0B) do not cover its long term liabilities ($1.6B).


Debt to Equity History and Analysis

Debt Level: MTD's debt to equity ratio (257%) is considered high.

Reducing Debt: MTD's debt to equity ratio has increased from 106.1% to 257% over the past 5 years.

Debt Coverage: MTD's debt is well covered by operating cash flow (59.3%).

Interest Coverage: MTD's interest payments on its debt are well covered by EBIT (19.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Mettler-Toledo International current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MTD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MTD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MTD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MTD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MTD'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?

6.6yrs

Average management tenure


CEO

Olivier A. Filliol (53 yo)

12.83yrs

Tenure

US$8,755,320

Compensation

Mr. Olivier A. Filliol serves as Chief Executive Officer and President of Mettler-Toledo S.A.E. Mr. Filliol has been Chief Executive Officer and President of Mettler-Toledo Inc. (Canada) since January 2008...


CEO Compensation Analysis

Compensation vs Market: Olivier A.'s total compensation ($USD8.76M) is about average for companies of similar size in the US market ($USD10.83M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Olivier A. Filliol
President12.83yrsUS$8.76m0.078%
$ 20.9m
Shawn Vadala
Chief Financial Officer6.83yrsUS$1.86m0.022%
$ 5.8m
Peter Aggersbjerg
Head of Divisions & Operations0.83yrUS$1.39m0.0030%
$ 793.1k
Marc de La Guéronnière
Head of European & North American Market Organizations6.58yrsUS$1.58m0.054%
$ 14.6m
Gerhard Keller
Head of Process Analytics & Pipettesno dataUS$1.22m0.00092%
$ 246.5k
Mary Finnegan
Head of Investor Relations & Treasurerno datano datano data
Michelle Roe
General Counsel & Secretaryno datano datano data
Christian Magloth
Head of Human Resources9.92yrsno data0.00052%
$ 139.3k
Richard Wong
Head of Asia/Pacific Market Organizations11.83yrsno datano data
Oliver Wittorf
Head of Supply Chain & IT3.83yrsno datano data
Elena Markwalder
Head of Industrial Division0.83yrno datano data
Jonas Greutert
Head of Product Inspection Division0.83yrno datano data

6.6yrs

Average Tenure

52yo

Average Age

Experienced Management: MTD's management team is seasoned and experienced (6.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Olivier A. Filliol
President12.83yrsUS$8.76m0.078%
$ 20.9m
Robert Spoerry
Independent Chairman22.5yrsUS$869.11k1%
$ 268.1m
Elisha Finney
Independent Director3yrsUS$239.64k0.00082%
$ 219.7k
Thomas Salice
Independent Presiding Directorno dataUS$296.04k0.40%
$ 107.4m
Michael Kelly
Independent Director12.33yrsUS$235.64k0.0065%
$ 1.8m
Wah-Hui Chu
Independent Director13.83yrsUS$221.14k0.0082%
$ 2.2m
Richard Francis
Independent Director4.5yrsUS$227.64k0.0018%
$ 487.6k
Domitille Bigot
Independent Director0.75yrno data0.00017%
$ 45.5k

11.8yrs

Average Tenure

59.5yo

Average Age

Experienced Board: MTD's board of directors are seasoned and experienced ( 11.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MTD insiders have only sold shares 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

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


Key Information

  • Name: Mettler-Toledo International Inc.
  • Ticker: MTD
  • Exchange: NYSE
  • Founded: 1991
  • Industry: Life Sciences Tools and Services
  • Sector: Pharmaceuticals & Biotech
  • Market Cap: US$26.793b
  • Shares outstanding: 23.79m
  • Website: https://www.mt.com

Number of Employees


Location

  • Mettler-Toledo International Inc.
  • 1900 Polaris Parkway
  • Columbus
  • Ohio
  • 43240
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MTDNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 1997
MTODB (Deutsche Boerse AG)YesCommon StockDEEURNov 1997
0K10LSE (London Stock Exchange)YesCommon StockGBUSDNov 1997
MTD *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNNov 1997
M1TD34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 10 REPR 1 COMBRBRLJan 2020

Biography

Mettler-Toledo International Inc. manufactures and supplies precision instruments and services worldwide. It operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chine...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 23:03
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
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.