Materion Corp Stock Research

Market Summary

USD110.99+1.55

Delayed

1.42%

MTRN Alerts

1 major insider sales recently.
Big jump in Earnings (Y/Y)

MTRN Stock Price

MTRN RSI Chart

MTRN Valuation

Market Cap

2.3B

Price/Earnings (Trailing)

26.49

Price/Sales (Trailing)

1.3

EV/EBITDA

16.82

Price/Free Cashflow

59.4

MTRN Price/Sales (Trailing)

MTRN Profitability

EBT Margin

5.87%

Return on Equity

10.75%

Return on Assets

5.08%

Free Cashflow Yield

1.68%

MTRN Fundamentals

MTRN Revenue

Revenue (TTM)

1.8B

Revenue Y/Y

9.4%

Revenue Q/Q

1.49%

MTRN Earnings

Earnings (TTM)

86.0M

Earnings Y/Y

46.14%

Earnings Q/Q

44.17%

Price Action

52 Week Range

64.79118.20

(Low)(High)

Last 7 days

4.1%

Last 30 days

1.4%

Last 90 days

28.8%

Trailing 12 Months

31.3%

MTRN Financial Health

Current Ratio

2.89

Debt/Equity

0.61

Debt/Cashflow

0.15

MTRN Investor Care

Dividend Yield

0.45%

Dividend/Share (TTM)

0.5

Shares Dilution (1Y)

0.43%

Diluted EPS (TTM)

4.14

Peers (Alternatives to Materion)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
SCCO	55.1B	10.0B	-3.35%	-3.05%	20.8	5.48	-8.10%	-22.37%
FCX	54.4B	22.8B	-9.05%	-25.08%	12.14	2.39	-0.28%	-16.51%
NUE	38.5B	41.5B	-9.07%	-2.40%	5.06	0.93	13.78%	11.42%
NEM	38.5B	11.9B	9.77%	-37.43%	-89.74	3.23	-2.51%	-136.79%
STLD	18.7B	22.3B	-10.00%	23.37%	4.83	0.84	20.92%	19.49%
RS	14.8B	17.0B	3.10%	30.88%	8.04	0.87	20.80%	30.11%
MID-CAP
RGLD	8.3B	603.2M	5.92%	-9.35%	34.7	13.75	-7.71%	-12.79%
AA	7.1B	12.5B	-18.17%	-57.57%	-57.66	0.57	2.46%	-128.67%
X	4.9B	21.1B	-11.94%	-34.12%	1.42	0.22	3.90%	-39.53%
ARNC	2.6B	9.0B	15.21%	4.44%	-14.53	0.3	19.42%	54.16%
MTRN	2.3B	1.8B	1.40%	31.33%	26.49	1.3	16.32%	18.65%
SMALL-CAP
CMP	1.2B	1.3B	-20.49%	-50.70%	-77.61	0.98	8.30%	92.41%
KALU	1.1B	3.4B	-17.30%	-25.32%	-37.89	0.33	41.60%	-60.00%
SCHN	813.4M	3.3B	-11.12%	-46.58%	7.76	0.25	-33.97%	-46.85%
AP	42.3M	381.2M	-21.01%	-65.94%	-4.48	0.11	9.71%	-615.11%

Financials for Materion

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	2.2%	1,757	1,720	1,680	1,605	1,511
Gross Profit	8.0%	344	319	310	292	284
S&GA Expenses	0.5%	169	168	173	169	164
R&D Expenses	-1.8%	29.00	30.00	28.00	27.00	27.00
EBITDA	-5.2%	135	142	134	121	-
EBITDA Margin	-7.2%	0.08*	0.08*	0.08*	0.08*	-
Earnings Before Taxes	22.6%	103	84.00	81.00	74.00	77.00
EBT Margin	20.0%	0.06*	0.05*	0.05*	0.05*	-
Interest Expenses	-415.5%	-21.90	7.00	2.00	-1.93	-4.90
Net Income	11.8%	86.00	77.00	75.00	70.00	72.00
Net Income Margin	9.4%	0.05*	0.04*	0.04*	0.04*	-
Free Cahsflow	767.5%	38.00	4.00	-15.34	-30.15	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-0.6%	1,692	1,702	1,703	1,667	1,607
Current Assets	-2.7%	690	710	707	673	627
Cash Equivalents	-36.7%	13.00	21.00	32.00	20.00	14.00
Inventory	0.7%	423	420	422	387	361
Net PPE	0.4%	426	424	417	409	-
Goodwill	0.3%	319	319	320	318	319
Current Liabilities	18.1%	239	202	210	201	205
. Short Term Borrowings	6.9%	21.00	20.00	15.00	15.00	15.00
Long Term Debt	-	455	-	-	-	-
LT Debt, Current	28.8%	20.00	15.00	15.00	15.00	-
LT Debt, Non Current	-13.4%	411	474	482	480	434
Shareholder's Equity	4.3%	800	767	749	731	720
Retained Earnings	3.5%	769	743	726	705	694
Accumulated Depreciation	1.0%	747	740	733	723	-
Shares Outstanding	0.0%	21.00	21.00	20.00	-	-

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	38.2%	116	84.00	68.00	60.00	90.00
Share Based Compensation	16.1%	9.00	8.00	7.00	7.00	7.00
Cashflow From Investing	83.2%	-79.73	-473	-477	-482	-494
Cashflow From Financing	-109.0%	-35.56	396	420	424	393
Dividend Payments	1.2%	10.00	10.00	10.00	10.00	10.00
Buy Backs	NaN%	0.00	0.00	-	-	-

Risks for MTRN

What is the probability of a big loss on MTRN?

61.5%

Probability that Materion stock will be more than 20% underwater in next one year

34.2%

Probability that Materion stock will be more than 30% underwater in next one year.

18.5%

Probability that Materion stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MTRN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Materion was unfortunately bought at previous high price.

Drawdowns

Returns for MTRN

Cumulative Returns on MTRN

15.4%

10-Year Cumulative Returns

23.9%

7-Year Cumulative Returns

17.6%

5-Year Cumulative Returns

48.2%

3-Year Cumulative Returns

What are the long-term rolling returns for MTRN?

FIve years rolling returns for Materion.

Annualized Returns

Which funds bought or sold MTRN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-85.61	-4,382,430	818,569	-%
2023-03-06	Rockefeller Capital Management L.P.	unchanged	-	2,000	13,000	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	39,992	39,992	-%
2023-02-28	Voya Investment Management LLC	added	4.61	90,494	717,494	-%
2023-02-24	SRS Capital Advisors, Inc.	reduced	-9.41	-225	6,775	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	45,000	536,000	0.01%
2023-02-21	MACQUARIE GROUP LTD	sold off	-100	-32,000	-	-%
2023-02-17	TRUIST FINANCIAL CORP	sold off	-100	-210,000	-	-%
2023-02-17	Compass Wealth Management LLC	new	-	21,878	21,878	0.01%
2023-02-15	Metropolitan Life Insurance Co/NY	unchanged	-	9,112	107,112	-%

Latest Funds Activity

Are funds buying MTRN calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own MTRN

No. of Funds

Materion News

Schedule 13G FIlings of Materion

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	capital research global investors	5.3%	1,089,822	SC 13G
Feb 10, 2023	dimensional fund advisors lp	6.2%	1,281,871	SC 13G/A
Feb 09, 2023	vanguard group inc	11.43%	2,347,204	SC 13G/A
Jan 26, 2023	blackrock inc.	16.2%	3,321,059	SC 13G/A
Jan 20, 2023	blackrock inc.	16.2%	3,321,059	SC 13G
Feb 09, 2022	state street corp	4.16%	849,646	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	6.3%	1,286,474	SC 13G/A
Jan 28, 2022	blackrock inc.	16.6%	3,385,405	SC 13G/A
Feb 12, 2021	dimensional fund advisors lp	7.1%	1,447,579	SC 13G/A
Feb 10, 2021	state street corp	5.39%	1,095,975	SC 13G

MTRN Fair Value

Materion fair value in different scenarios

The table shows the Fair Value estimates for Materion for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	38.31 -65.48%	49.74 -55.19%	72.01 -35.12%	91.53 -17.53%	132.90 19.74%
Current Inflation	33.31 -69.99%	46.55 -58.06%	63.63 -42.67%	85.30 -23.15%	97.90 -11.79%
Very High Inflation	31.44 -71.67%	39.23 -64.65%	53.86 -51.47%	67.35 -39.32%	95.36 -14.08%

Historical Materion Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Materion

View All Filings

Date Filed	Form Type	Document
Mar 22, 2023	8-K	Current Report
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading

Latest Insider Trading transactions for MTRN

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-10	Chadwick Shelly Marie	sold (taxes)	-107	107	-1.00	vice president, finance & cfo
2023-03-10	Prevost Patrick M.	acquired	-	-	11.325	-
2023-03-10	Chemnitz Gregory R.	sold (taxes)	-321	107	-3.00	vp general counsel & secretary
2023-03-10	PHILLIPPY ROBERT J	acquired	-	-	13.483	-
2023-03-10	SHULAR CRAIG S	acquired	-	-	51.812	-
2023-03-10	Vijayvargiya Jugal K.	sold (taxes)	-1,070	107	-10.00	president and ceo
2023-03-10	Chadwick Shelly Marie	acquired	-	-	1.00	vice president, finance & cfo
2023-03-10	Chemnitz Gregory R.	acquired	-	-	5.00	vp general counsel & secretary
2023-03-10	REDDY N MOHAN	acquired	-	-	47.779	-
2023-03-10	Vijayvargiya Jugal K.	acquired	-	-	21.00	president and ceo

About Materion

Jugal K. Vijayvargiya

www.materion.com

3440

Materion Corporation, through with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. It operates through Performance Alloys and Composites, Advanced Materials, and Precision Optics segments. The Performance Alloys and Composites segment offers advanced engineered solutions comprising beryllium and non-beryllium containing alloy systems and custom engineered parts in strip, bulk, rod, plate, bar, tube, and other customized shapes. This segment operates the bertrandite ore mine and refinery located in Utah that provides feedstock hydroxide for its beryllium businesses and external sale. The Advances Materials segment produces advanced chemicals, microelectronics packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, high temperature braze materials, and ultra-pure wire. This segment offers its products from its facilities, as well as through direct sales offices and independent sales representatives. The Precision Optics segment designs and produces precision thin film coatings, optical filters, and assemblies. This segment sells its directly from its facilities, as well as through direct sales offices and independent sales representatives throughout the world. The company was formerly known as Brush Engineered Materials Inc. and changed its name to Materion Corporation in 2011. Materion Corporation was incorporated in 1931 and is headquartered in Mayfield Heights, Ohio.

MTRN Income Statement

2022-12-31

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net sales	$ 1,757,109	$ 1,510,644	$ 1,176,274
Cost of sales	1,413,229	1,226,882	983,641
Gross margin	343,880	283,762	192,633
Selling, general, and administrative expense	169,338	163,777	133,963
Research and development expense	28,977	26,575	20,283
Goodwill impairment charges (Note M)	0	0	9,053
Asset impairment charges (Note M)	0	0	1,419
Restructuring expense (income)	1,573	(438)	11,237
Other — net (Note E)	24,237	16,737	8,463
Operating profit	119,755	77,111	8,215
Other non-operating (income) expense — net (Note O)	(5,250)	(5,115)	(3,939)
Interest expense - net	21,905	4,901	3,879
Income before income taxes	103,100	77,325	8,275
Income tax expense (benefit) (Note G)	17,110	4,851	(7,187)
Net income	$ 85,990	$ 72,474	$ 15,462
Basic earnings per share:
Net income per share of common stock (in usd per share)	$ 4.19	$ 3.55	$ 0.76
Diluted earnings per share:
Net income per share of common stock (in usd per share)	$ 4.14	$ 3.50	$ 0.75
Weighted-average number of shares of common stock outstanding:
Basic (in shares)	20,511	20,422	20,338
Diluted (in shares)	20,760	20,689	20,603

MTRN Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents (Note A)	$ 13,101	$ 14,462
Accounts receivable (Note A)	215,211	213,819
Inventories, net (Notes A and I)	423,080	361,115
Prepaid and other current assets	39,056	37,856
Total current assets	690,448	627,252
Deferred income taxes (Notes A and G)	3,265	5,431
Property, plant, and equipment (Notes A and J)	1,209,205	1,132,223
Less allowances for depreciation, depletion, and amortization	(760,440)	(723,248)
Property, plant, and equipment — net	448,765	408,975
Operating lease, right-of-use assets	64,249	63,096
Intangible assets (Notes A and M)	143,219	156,736
Other assets (Note O)	22,535	27,369
Goodwill (Notes A and M)	319,498	318,620
Total Assets	1,691,979	1,607,479
Current liabilities
Short-term debt (Note N)	21,105	15,359
Accounts payable	107,899	86,243
Salaries and wages	35,543	37,544
Other liabilities and accrued items	54,993	53,388
Income taxes (Notes A and G)	3,928	4,205
Unearned revenue (Note D)	15,496	7,770
Total current liabilities	238,964	204,509
Other long-term liabilities	12,181	14,954
Operating lease liabilities	59,055	57,099
Finance lease liabilities	13,876	16,327
Retirement and post-employment benefits (Note O)	20,422	33,394
Unearned income (Notes A and K)	107,736	97,962
Long-term income taxes (Notes A and G)	665	1,190
Deferred income taxes (Notes A and G)	28,214	27,216
Long-term debt (Note N)	410,876	434,388
Shareholders’ equity
Serial preferred stock (no par value; 5,000 authorized shares, none issued)	0	0
Common stock (no par value; 60,000 authorized shares, issued shares of 27,148 for both 2022 and 2021)	288,100	271,978
Retained earnings	769,418	693,756
Common stock in treasury (6,605 shares for 2022 and 6,700 shares for 2021)	(220,864)	(209,920)
Accumulated other comprehensive loss (Note P)	(41,909)	(40,169)
Other equity	5,245	4,795
Total shareholders’ equity	799,990	720,440
Total Liabilities and Shareholders’ Equity	$ 1,691,979	$ 1,607,479