MORGAN ADVANCED MATERIALS PLC Financials Morgan Advanced Materials plc
Equities
MGAM
GB0006027295
Industrial Machinery & Equipment
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 306 GBX | +1.16% |
|
+6.43% | +8.13% |
| Apr. 24 | Transcript : Morgan Advanced Materials plc - Analyst/Investor Day | |
| Apr. 24 | Morgan Advanced Materials to Flag Bullish Outlook in Capital Markets Update | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 901.6 | 883.6 | 1,020 | 893.2 | 804.3 | 870.8 | - | - |
| Enterprise Value (EV) 1 | 1,123 | 1,039 | 1,117 | 1,094 | 1,037 | 1,140 | 1,140 | 1,142 |
| P/E ratio | 12.4 x | -39.4 x | 13.9 x | 10.2 x | 17.2 x | 11.4 x | 9.16 x | 8.23 x |
| Yield | 1.26% | 1.77% | 2.54% | 3.82% | 4.24% | 4.04% | 4.36% | 4.76% |
| Capitalization / Revenue | 0.86 x | 0.97 x | 1.07 x | 0.8 x | 0.72 x | 0.76 x | 0.72 x | 0.69 x |
| EV / Revenue | 1.07 x | 1.14 x | 1.17 x | 0.98 x | 0.93 x | 0.99 x | 0.95 x | 0.9 x |
| EV / EBITDA | 6.36 x | 7.78 x | 6.87 x | 5.78 x | 6.49 x | 6.14 x | 5.6 x | 5.07 x |
| EV / FCF | 17.1 x | 13 x | 15.1 x | -28.5 x | 71 x | 119 x | 26.6 x | 17.8 x |
| FCF Yield | 5.86% | 7.68% | 6.61% | -3.51% | 1.41% | 0.84% | 3.75% | 5.62% |
| Price to Book | 3.33 x | 4.38 x | 3.28 x | 2.3 x | 2.24 x | 2.1 x | 1.84 x | 1.62 x |
| Nbr of stocks (in thousands) | 284,402 | 284,129 | 284,528 | 284,010 | 284,206 | 284,562 | - | - |
| Reference price 2 | 3.170 | 3.110 | 3.585 | 3.145 | 2.830 | 3.060 | 3.060 | 3.060 |
| Announcement Date | 2/25/20 | 3/4/21 | 3/4/22 | 4/28/23 | 3/12/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,050 | 910.7 | 950.5 | 1,112 | 1,115 | 1,149 | 1,204 | 1,269 |
| EBITDA 1 | 176.6 | 133.6 | 162.5 | 189.1 | 159.8 | 185.8 | 203.4 | 225.2 |
| EBIT 1 | 134.2 | 91.7 | 124.5 | 151 | 120.3 | 144.2 | 161.8 | 179.9 |
| Operating Margin | 12.79% | 10.07% | 13.1% | 13.58% | 10.79% | 12.56% | 13.44% | 14.17% |
| Earnings before Tax (EBT) 1 | 109.7 | -13.1 | 104.3 | 131.6 | 77.8 | 118.7 | 144.3 | 162.2 |
| Net income 1 | 73.1 | -22.5 | 73.8 | 88 | 47.3 | 78.3 | 97 | 108.8 |
| Net margin | 6.97% | -2.47% | 7.76% | 7.91% | 4.24% | 6.82% | 8.05% | 8.57% |
| EPS 2 | 0.2550 | -0.0790 | 0.2570 | 0.3070 | 0.1650 | 0.2688 | 0.3339 | 0.3716 |
| Free Cash Flow 1 | 65.8 | 79.8 | 73.8 | -38.4 | 14.6 | 9.558 | 42.77 | 64.14 |
| FCF margin | 6.27% | 8.76% | 7.76% | -3.45% | 1.31% | 0.83% | 3.55% | 5.05% |
| FCF Conversion (EBITDA) | 37.26% | 59.73% | 45.42% | - | 9.14% | 5.14% | 21.03% | 28.49% |
| FCF Conversion (Net income) | 90.01% | - | 100% | - | 30.87% | 12.21% | 44.09% | 58.95% |
| Dividend per Share 2 | 0.0400 | 0.0550 | 0.0910 | 0.1200 | 0.1200 | 0.1236 | 0.1336 | 0.1458 |
| Announcement Date | 2/25/20 | 3/4/21 | 3/4/22 | 4/28/23 | 3/12/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2023 S1 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 523.7 | 477.8 | 432.9 | - | 489.3 | 530.2 | 553.9 |
| EBITDA | 88.6 | 75.3 | 58.3 | 77.5 | 85 | - | - |
| EBIT 1 | 66.8 | 52.9 | 38.8 | - | 65.4 | 72.5 | 50 |
| Operating Margin | 12.76% | 11.07% | 8.96% | - | 13.37% | 13.67% | 9.03% |
| Earnings before Tax (EBT) | 55 | -25.5 | 12.4 | - | 48.1 | - | - |
| Net income | 37.8 | -27.4 | 4.9 | - | 36.2 | - | - |
| Net margin | 7.22% | -5.73% | 1.13% | - | 7.4% | - | - |
| EPS | - | - | - | - | 0.1260 | - | - |
| Dividend per Share 2 | - | - | 0.0550 | - | 0.0590 | 0.0530 | 0.0530 |
| Announcement Date | 2/25/20 | 7/30/20 | 3/4/21 | 7/29/21 | 3/4/22 | 7/29/22 | 8/4/23 |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 221 | 156 | 96.5 | 200 | 232 | 269 | 269 | 271 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.252 x | 1.165 x | 0.5938 x | 1.06 x | 1.454 x | 1.45 x | 1.323 x | 1.205 x |
| Free Cash Flow 1 | 65.8 | 79.8 | 73.8 | -38.4 | 14.6 | 9.56 | 42.8 | 64.1 |
| ROE (net income / shareholders' equity) | 31.7% | 20.4% | 30.2% | 25.2% | 18.1% | 21.6% | 21.7% | 21.6% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 0.9500 | 0.7100 | 1.090 | 1.370 | 1.270 | 1.460 | 1.670 | 1.890 |
| Cash Flow per Share 2 | 0.4300 | 0.3800 | 0.3700 | - | - | 0.4200 | 0.4400 | 0.5100 |
| Capex 1 | 56.4 | 30 | 31.6 | 57.4 | 58.5 | 120 | 96.9 | 97.5 |
| Capex / Sales | 5.37% | 3.29% | 3.32% | 5.16% | 5.25% | 10.45% | 8.05% | 7.68% |
| Announcement Date | 2/25/20 | 3/4/21 | 3/4/22 | 4/28/23 | 3/12/24 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
3.06
GBP
Average target price
3.667
GBP
Spread / Average Target
+19.83%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +8.13% | 1.08B | |
| +11.73% | 82.35B | |
| +20.17% | 71.09B | |
| +20.89% | 37.73B | |
| +15.77% | 32.01B | |
| +9.19% | 27.2B | |
| +3.18% | 26.74B | |
| +4.22% | 26B | |
| +13.81% | 25.5B | |
| +17.14% | 24.76B |
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