Tillkännagivande • Mar 26
Morgan Advanced Materials plc, Annual General Meeting, May 07, 2026 Morgan Advanced Materials plc, Annual General Meeting, May 07, 2026. Location: slaughter and mays offices, one bunhill row, ec1y 8yy, london United Kingdom Board Change • Dec 30
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-executive Director Mary Ryan was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 14
Morgan Advanced Materials plc Provides Earnings Guidance for the Full Year of 2025 Morgan Advanced Materials plc provided earnings guidance for the full year of 2025. For the year, The company expects lower than expected revenue. Sales to be c.4% lower than the prior year, on an organic constant currency basis. With under-recovered costs from lower sales volumes in the short-term, a weaker mix and some FX impact, the company now expects to deliver an adjusted operating profit margin of 10% for the year. Tillkännagivande • Oct 06
Morgan Advanced Materials plc Announces the Appointment of Mary Ryan CBE as a Non-Executive Director, Effective on 1 November 2025 Morgan Advanced Materials plc announced the appointment of Professor Mary Ryan CBE as a non-executive director. Mary will join the Morgan Board on 1 November 2025. Mary is a leading materials scientist at Imperial College London ("Imperial"), where she currently serves as Vice-Provost for Research and Enterpriseand the Armourers & Brasiers' Chair in Materials Science. She has significant industry exposure, having led Imperial's partnerships with several major corporates including Shell, Rio Tinto and Hitachi. She is a Board member of the Francis Crick Institute and a Governing Board member of the Henry Royce Institute, the UK's national institute for advanced materials research and innovation. She is also a non-executive director of the UK Atomic Energy Authority Board. Tillkännagivande • Jul 03
Morgan Advanced Materials plc Announces Termination of Peter Raby as Director Morgan Advanced Materials plc announced termination of Peter Raby as director. Date of termination: July 1, 2025. Tillkännagivande • Mar 27
Morgan Advanced Materials plc, Annual General Meeting, May 08, 2025 Morgan Advanced Materials plc, Annual General Meeting, May 08, 2025. Location: york house, sheet street, berkshire sl4 1dd, windsor United Kingdom Tillkännagivande • Mar 25
Morgan Advanced Materials plc to Report First Half, 2025 Results on Aug 07, 2025 Morgan Advanced Materials plc announced that they will report first half, 2025 results on Aug 07, 2025 Tillkännagivande • Feb 28
Morgan Advanced Materials plc Appoints Jane Lodge as Non-Executive Director, Effect from 1 June 2025 FirstGroup plc announced that Jane Lodge, a Non-Executive Director of FirstGroup plc, will be appointed as a Non-Executive Director of Morgan Advanced Materials PLC with effect from 1 June 2025. Tillkännagivande • Jan 17
Morgan Advanced Materials plc Announces CEO Changes, Effective 1 July 2025 Morgan Advanced Materials plc announced that Pete Raby has informed the board of his intention to retire as CEO following a decade in the role. It is intended that Pete will be stepping down as CEO on 1 July 2025, but will continue to provide support for the transition until the end of August 2025. The board announced that Damien Caby, currently President of the Thermal Products Division, is appointed CEO Designate. Damien has been selected following a comprehensive process that considered internal and external candidates and will assume the CEO role on 1 July 2025. Tillkännagivande • Nov 05
Morgan Advanced Materials plc Provides Earnings Guidance for the Year 2024 Morgan Advanced Materials plc provided earnings guidance for the year 2024. For the year, the company expects constant currency revenue growth for the full financial year is now around 3%. Upcoming Dividend • Oct 17
Upcoming dividend of UK£0.054 per share Eligible shareholders must have bought the stock before 24 October 2024. Payment date: 15 November 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.5%). Buy Or Sell Opportunity • Aug 16
Now 20% overvalued Over the last 90 days, the stock has fallen 4.2% to €3.62. The fair value is estimated to be €3.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 8.4% in 2 years. Earnings are forecast to grow by 41% in the next 2 years. Declared Dividend • Aug 08
First half dividend of UK£0.054 announced Shareholders will receive a dividend of UK£0.054. Ex-date: 24th October 2024 Payment date: 15th November 2024 Dividend yield will be 3.7%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 07
First half 2024 earnings released: EPS: UK£0.13 (vs UK£0.052 in 1H 2023) First half 2024 results: EPS: UK£0.13 (up from UK£0.052 in 1H 2023). Revenue: UK£572.6m (up 3.4% from 1H 2023). Net income: UK£37.4m (up 153% from 1H 2023). Profit margin: 6.5% (up from 2.7% in 1H 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 06
Morgan Advanced Materials plc Resolves an Interim Dividend, Payable on 15 November 2024 The board of Morgan Advanced Materials plc has resolved to pay an interim dividend of 5.4 pence (2023: 5.3 pence) per ordinary share. The interim dividend will be paid on 15 November 2024 to ordinary shareholders on the register of members at the close of trading on 25 October 2024. The ex-dividend date will be 24 October 2024. Tillkännagivande • Jul 24
Morgan Advanced Materials plc Appoints Alison Wood as Senior Independent Director, Effective 1 November 2024 Morgan Advanced Materials plc announces the appointment of Alison Wood as Senior Independent Director. Alison will join the Board on 1 November 2024; at which point Laurence Mulliez will step down as Senior Independent Director and a director of the Company. Alison is a highly experienced non-executive director with a significant background in international industrials. She brings deep governance expertise gained across numerous listed businesses, having served as Chair, Senior Independent Director and Remuneration Committee Chair in a number of FTSE 350 businesses. In her executive career, she was central to the strategic development of BAE Systems plc as Group Strategic Development Director (2004 to 2008) and was also Global Director of Strategy and Corporate Development at National Grid plc (2008 to 2013). She currently serves as Chair of Galliford Try Holdings plc, Senior Independent Director and Remuneration Committee Chair of Oxford Instruments plc and Remuneration Committee Chair of TT Electronics plc. Upcoming Dividend • Apr 18
Upcoming dividend of UK£0.067 per share Eligible shareholders must have bought the stock before 25 April 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.2%). Buy Or Sell Opportunity • Apr 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.1% to €3.32. The fair value is estimated to be €2.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. New Risk • Apr 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (46% net debt to equity). Dividend is not well covered by cash flows (189% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.2% net profit margin). Tillkännagivande • Apr 06
Morgan Advanced Materials plc, Annual General Meeting, May 09, 2024 Morgan Advanced Materials plc, Annual General Meeting, May 09, 2024, at 09:30 Coordinated Universal Time. Location: offices of Slaughter and May, One Bunhill Row, London, EC1Y 8YY London United Kingdom Tillkännagivande • Mar 14
Morgan Advanced Materials plc Recommends Final Dividend for the Period Ended 31 December 2023, Payable on 17 May 2024 Morgan Advanced Materials plc announced that the Board is recommending a final dividend, subject to shareholder approval, of 6.7 pence per share on the Ordinary share capital of the Group, payable on 17 May 2024 to Ordinary shareholders on the register at the close of business on 26 April 2024. The ex-dividend date is 25 April 2024. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: UK£0.16 (vs UK£0.31 in FY 2022) Full year 2023 results: EPS: UK£0.16 (down from UK£0.31 in FY 2022). Revenue: UK£1.11b (flat on FY 2022). Net income: UK£46.6m (down 46% from FY 2022). Profit margin: 4.2% (down from 7.8% in FY 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 09
Morgan Advanced Materials plc Provides Earnings Guidance for the Full Year 2023 Morgan Advanced Materials plc provided earnings guidance for the full year 2023. For the year, the company expects organic revenue growth is unchanged at 2%-4%. The group has continued to benefit from strong growth in its Semiconductor, Healthcare and Aerospace end-markets, offsetting weakness in European and China industrial markets. Seals & Bearings performance was influenced in part by phasing of armour orders. Upcoming Dividend • Oct 19
Upcoming dividend of UK£0.053 per share at 5.1% yield Eligible shareholders must have bought the stock before 26 October 2023. Payment date: 17 November 2023. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.0%). New Risk • Aug 06
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (24% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 06
First half 2023 earnings released: EPS: UK£0.052 (vs UK£0.15 in 1H 2022) First half 2023 results: EPS: UK£0.052 (down from UK£0.15 in 1H 2022). Revenue: UK£553.9m (up 4.5% from 1H 2022). Net income: UK£14.8m (down 66% from 1H 2022). Profit margin: 2.7% (down from 8.1% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Tillkännagivande • Aug 05
Morgan Advanced Materials plc Resolves Interim Dividend, Payable on 17 November 2023 The Board of Morgan Advanced Materials plc has resolved to pay an interim dividend of 5.3 pence per Ordinary share. The interim dividend will be paid on 17 November 2023 to Ordinary shareholders on the register of members at the close of trading on 27 October 2023. The ex-dividend date will be 26 October 2023. This compares to an interim dividend paid in the fourth quarter of 2022 of 5.3 pence per Ordinary share. Tillkännagivande • Jul 01
Morgan Advanced Materials plc Elects Ian Marchant as Chair Morgan Advanced Materials plc at the AGM held on 29 June 2023, further to the announcement on 18 January 2023, the Company confirms that Douglas Caster has retired as Chair and Non-executive Director and that Ian Marchant has taken over as Chair. Tillkännagivande • Jun 29
Morgan Advanced Materials plc Provides Sales Guidance for the Second Quarter and Six Months Ended June 2023 and Full Year of 2023 Morgan Advanced Materials plc provided sales guidance for the second quarter and six months ended June 2023 and full year of 2023. Sales for the six months to June 2023 are expected to be around 2% higher on an organic constant-currency basis, compared to the same period last year. Following a period in which the cyber incident disrupted trading in the first quarter, sales in the second quarter are expected to be around 9% higher than the second quarter of 2022.There has been no change in the Board's expectations for the full year, with organic revenue growth expected to be 2-4%. Upcoming Dividend • Jun 02
Upcoming dividend of UK£0.067 per share at 4.2% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.9%). Buying Opportunity • May 28
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 9.1%. The fair value is estimated to be €4.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings is also forecast to grow by 7.3% per annum over the same time period. Tillkännagivande • May 05
Morgan Advanced Materials plc, Annual General Meeting, Jun 29, 2023 Morgan Advanced Materials plc, Annual General Meeting, Jun 29, 2023, at 09:30 Coordinated Universal Time. Location: offices of Slaughter and May, One Bunhill Row London EC1Y 8YY London United Kingdom Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: UK£0.31 (vs UK£0.24 in FY 2021) Full year 2022 results: EPS: UK£0.31 (up from UK£0.24 in FY 2021). Revenue: UK£1.11b (up 17% from FY 2021). Net income: UK£86.9m (up 28% from FY 2021). Profit margin: 7.8% (up from 7.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Tillkännagivande • Feb 07
Morgan Advanced Materials plc Provides Earnings Guidance for the Fiscal Year 2022 Morgan Advanced Materials plc provided earnings guidance for the fiscal year 2022. Revenue growth remained robust in the final two months of the year with revenue expected to be around £1.1 billion, representing growth of 16% or 11% at constant currency. Tillkännagivande • Jan 18
Morgan Advanced Materials plc Announces Board Changes Morgan Advanced Materials plc announced the appointment of Ian Marchant as a director and Chair designate. Ian will join the Board as a Non-Executive Director on 1 February 2023 and will succeed Douglas Caster as the Company's Chair after the Company's 2023 AGM, subject to shareholder approval; at which point Douglas will stand down as a director of the Company. Ian is a highly strategic and successful leader with more than 35 years of wide-ranging experience at major businesses, bringing a strong track record of value creation and listed board experience. Ian served as Chief Executive of SSE plc from October 2002 to June 2013; prior to this he was the Finance Director of SSE and Southern Electric plc. He is a seasoned non-executive director and chair, having served as Chair of John Wood Group plc and on the Board of Aggreko plc. He currently serves as Chair of Thames Water Utilities Ltd. and Logan Energy Ltd. Buying Opportunity • Dec 17
Now 22% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be €4.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings is also forecast to grow by 4.9% per annum over the same time period. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. CFO & Director Richard Armitage was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 21% share price gain to €3.28, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.93 per share. Upcoming Dividend • Oct 20
Upcoming dividend of UK£0.053 per share Eligible shareholders must have bought the stock before 27 October 2022. Payment date: 18 November 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (5.2%). Higher than average of industry peers (3.0%). Tillkännagivande • Oct 04
Morgan Advanced Materials plc to Report Fiscal Year 2022 Results on Feb 28, 2023 Morgan Advanced Materials plc announced that they will report fiscal year 2022 results on Feb 28, 2023 Reported Earnings • Jul 30
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£37.6m from profit in 1H 2021). Profit margin: (down from 8.2% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 1.2%, compared to a 9.5% growth forecast for the industry in Germany. Tillkännagivande • Jul 29
Morgan Advanced Materials plc Announces Interim Dividend for 2022, Payable on November 18, 2022 Morgan Advanced Materials plc announced that the Board has resolved to pay an interim dividend of 5.3 pence per Ordinary share. The interim dividend will be paid on 18 November 2022 to Ordinary shareholders on the register of members at the close of trading on 28 October 2022. The ex-dividend date will be 27 October 2022. This compares to an interim dividend paid in the fourth quarter of 2021 of 3.2 pence per Ordinary share. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Clement Woon was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 06
Morgan Advanced Materials plc Announces CFO Changes, Effective from 30 May 2022 Morgan Advanced Materials plc confirms that Peter Turner will retire as Chief Financial Officer and step down from the Board on 30 May 2022. Richard Armitage, whose appointment was announced on 15 October 2021, will join Morgan's Board and be appointed Chief Financial Officer on the same day. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Clement Woon was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 25
Morgan Advanced Materials plc to Report First Half, 2022 Results on Jul 29, 2022 Morgan Advanced Materials plc announced that they will report first half, 2022 results on Jul 29, 2022 Upcoming Dividend • Apr 21
Upcoming dividend of UK£0.059 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.9%). Higher than average of industry peers (2.4%). Tillkännagivande • Apr 02
Morgan Advanced Materials plc, Annual General Meeting, May 05, 2022 Morgan Advanced Materials plc, Annual General Meeting, May 05, 2022, at 09:30 Coordinated Universal Time. Location: York House, Sheet Street SL4 1DD Windsor United Kingdom Agenda: Annual General Meeting. Reported Earnings • Mar 05
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: UK£0.24 (up from UK£0.086 loss in FY 2020). Revenue: UK£950.5m (up 4.4% from FY 2020). Net income: UK£68.1m (up UK£92.6m from FY 2020). Profit margin: 7.2% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 3.8%, compared to a 10% growth forecast for the industry in Germany. Buying Opportunity • Feb 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.7%. The fair value is estimated to be UK£4.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% per annum over the last 3 years. Earnings per share has declined by 49% per annum over the last 3 years. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Clement Woon was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Oct 21
Upcoming dividend of UK£0.032 per share Eligible shareholders must have bought the stock before 28 October 2021. Payment date: 19 November 2021. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%). Reported Earnings • Aug 01
First half 2021 earnings released: EPS UK£0.13 (vs UK£0.099 loss in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: UK£461.2m (down 3.5% from 1H 2020). Net income: UK£37.6m (up UK£65.8m from 1H 2020). Profit margin: 8.2% (up from net loss in 1H 2020). Tillkännagivande • May 06
Morgan Advanced Materials plc Announces Revenue Guidance for the Full Year 2021 Morgan Advanced Materials plc announced revenue guidance for the full year 2021. For the year, the company is raising its guidance for the Group's organic constant currency sales growth to be in the range of 5 to 8%. Reported Earnings • Apr 03
Full year 2020 earnings released: UK£0.086 loss per share (vs UK£0.25 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: UK£910.7m (down 13% from FY 2019). Net loss: UK£24.5m (down 134% from profit in FY 2019). Reported Earnings • Mar 05
Full year 2020 earnings released: UK£0.086 loss per share (vs UK£0.25 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: UK£910.7m (down 13% from FY 2019). Net loss: UK£24.5m (down 134% from profit in FY 2019). Analyst Estimate Surprise Post Earnings • Mar 05
Revenue beats expectations Revenue exceeded analyst estimates by 0.3%. Over the next year, revenue is expected to shrink by 2.0% compared to a 5.9% growth forecast for the Machinery industry in Germany. 
