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META MATERIALS INC (MMAT) Stock Fundamental Analysis

NASDAQ:MMAT - Nasdaq - US59134N3026 - Common Stock - Currency: USD

0.5258  -0.11 (-17.84%)

After market: 0.5013 -0.02 (-4.66%)

Fundamental Rating

2

MMAT gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 110 industry peers in the Semiconductors & Semiconductor Equipment industry. MMAT has a bad profitability rating. Also its financial health evaluation is rather negative. MMAT is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

MMAT had negative earnings in the past year.
MMAT had a negative operating cash flow in the past year.
In the past 5 years MMAT always reported negative net income.
MMAT had a negative operating cash flow in each of the past 5 years.
MMAT Yearly Net Income VS EBIT VS OCF VS FCFMMAT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -100M -200M -300M

1.2 Ratios

MMAT has a worse Return On Assets (-834.91%) than 99.08% of its industry peers.
The Return On Equity of MMAT (-2111.11%) is worse than 95.41% of its industry peers.
Industry RankSector Rank
ROA -834.91%
ROE -2111.11%
ROIC N/A
ROA(3y)-253.79%
ROA(5y)-164.97%
ROE(3y)-621.14%
ROE(5y)-405.97%
ROIC(3y)N/A
ROIC(5y)N/A
MMAT Yearly ROA, ROE, ROICMMAT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 -500 -1K -1.5K

1.3 Margins

MMAT has a Gross Margin of 66.75%. This is amongst the best in the industry. MMAT outperforms 88.99% of its industry peers.
In the last couple of years the Gross Margin of MMAT has grown nicely.
MMAT does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 66.75%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y183.27%
GM growth 5Y9.66%
MMAT Yearly Profit, Operating, Gross MarginsMMAT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -2K -4K -6K

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1

2. Health

2.1 Basic Checks

MMAT does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, MMAT has more shares outstanding
The number of shares outstanding for MMAT has been increased compared to 5 years ago.
The debt/assets ratio for MMAT is higher compared to a year ago.
MMAT Yearly Shares OutstandingMMAT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 1M 2M 3M 4M 5M
MMAT Yearly Total Debt VS Total AssetsMMAT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M

2.2 Solvency

MMAT has an Altman-Z score of -21.69. This is a bad value and indicates that MMAT is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of -21.69, MMAT is not doing good in the industry: 87.16% of the companies in the same industry are doing better.
MMAT has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.16, MMAT is in line with its industry, outperforming 48.62% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF N/A
Altman-Z -21.69
ROIC/WACCN/A
WACC8.82%
MMAT Yearly LT Debt VS Equity VS FCFMMAT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M 300M

2.3 Liquidity

A Current Ratio of 0.58 indicates that MMAT may have some problems paying its short term obligations.
MMAT has a worse Current ratio (0.58) than 94.50% of its industry peers.
A Quick Ratio of 0.57 indicates that MMAT may have some problems paying its short term obligations.
MMAT's Quick ratio of 0.57 is on the low side compared to the rest of the industry. MMAT is outperformed by 91.74% of its industry peers.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.57
MMAT Yearly Current Assets VS Current LiabilitesMMAT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M

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7

3. Growth

3.1 Past

MMAT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 36.87%, which is quite impressive.
The Revenue has grown by 13.75% in the past year. This is quite good.
The Revenue has been growing by 44.10% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)36.87%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%76.6%
Revenue 1Y (TTM)13.75%
Revenue growth 3Y245.59%
Revenue growth 5Y44.1%
Sales Q2Q%131.54%

3.2 Future

The Earnings Per Share is expected to grow by 26.10% on average over the next years. This is a very strong growth
Based on estimates for the next years, MMAT will show a very strong growth in Revenue. The Revenue will grow by 175.50% on average per year.
EPS Next Y25.62%
EPS Next 2Y41.4%
EPS Next 3Y26.1%
EPS Next 5YN/A
Revenue Next Year312.22%
Revenue Next 2Y289.54%
Revenue Next 3Y175.51%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
MMAT Yearly Revenue VS EstimatesMMAT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M
MMAT Yearly EPS VS EstimatesMMAT Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 -5 -10 -15 -20 -25

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for MMAT. In the last year negative earnings were reported.
Also next year MMAT is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
MMAT Price Earnings VS Forward Price EarningsMMAT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -50 -100

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
MMAT Per share dataMMAT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 -4 -6

4.3 Compensation for Growth

MMAT's earnings are expected to grow with 26.10% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y41.4%
EPS Next 3Y26.1%

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0

5. Dividend

5.1 Amount

MMAT does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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META MATERIALS INC

NASDAQ:MMAT (8/20/2024, 8:00:00 PM)

After market: 0.5013 -0.02 (-4.66%)

0.5258

-0.11 (-17.84%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)03-28 2024-03-28/amc
Earnings (Next)N/A N/A
Inst Owners0.86%
Inst Owner Change0.37%
Ins Owners317.51%
Ins Owner Change0%
Market Cap3.33M
Analysts82.86
Price Target122.4 (23178.81%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)61.52%
Min EPS beat(2)42.65%
Max EPS beat(2)80.39%
EPS beat(4)4
Avg EPS beat(4)41.54%
Min EPS beat(4)21.57%
Max EPS beat(4)80.39%
EPS beat(8)5
Avg EPS beat(8)12.03%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-32.06%
Min Revenue beat(2)-46.31%
Max Revenue beat(2)-17.8%
Revenue beat(4)0
Avg Revenue beat(4)-24.91%
Min Revenue beat(4)-46.31%
Max Revenue beat(4)-13.72%
Revenue beat(8)1
Avg Revenue beat(8)-29.36%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.34
P/FCF N/A
P/OCF N/A
P/B 0.18
P/tB 2.38
EV/EBITDA N/A
EPS(TTM)-5.77
EYN/A
EPS(NY)-0.01
Fwd EYN/A
FCF(TTM)-6.23
FCFYN/A
OCF(TTM)-5.15
OCFYN/A
SpS1.55
BVpS2.9
TBVpS0.22
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -834.91%
ROE -2111.11%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 66.75%
FCFM N/A
ROA(3y)-253.79%
ROA(5y)-164.97%
ROE(3y)-621.14%
ROE(5y)-405.97%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y183.27%
GM growth 5Y9.66%
F-Score3
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 60.26%
Cap/Sales 69.14%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.58
Quick Ratio 0.57
Altman-Z -21.69
F-Score3
WACC8.82%
ROIC/WACCN/A
Cap/Depr(3y)213.15%
Cap/Depr(5y)317.62%
Cap/Sales(3y)203.45%
Cap/Sales(5y)994.13%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)36.87%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%76.6%
EPS Next Y25.62%
EPS Next 2Y41.4%
EPS Next 3Y26.1%
EPS Next 5YN/A
Revenue 1Y (TTM)13.75%
Revenue growth 3Y245.59%
Revenue growth 5Y44.1%
Sales Q2Q%131.54%
Revenue Next Year312.22%
Revenue Next 2Y289.54%
Revenue Next 3Y175.51%
Revenue Next 5YN/A
EBIT growth 1Y47.49%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year44.05%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y38.35%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y34.72%
OCF growth 3YN/A
OCF growth 5YN/A