MINERALS TECHNOLOGIES INC (MTX)
US6031581068 - Common Stock
MTX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 85 industry peers in the Chemicals industry. Both the profitability and the financial health of MTX get a neutral evaluation. Nothing too spectacular is happening here. MTX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year MTX was profitable.
MTX had a positive operating cash flow in the past year.
MTX had positive earnings in each of the past 5 years.
In the past 5 years MTX always reported a positive cash flow from operatings.
1.2 Ratios
MTX has a Return On Assets (2.51%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 5.09%, MTX is in line with its industry, outperforming 51.76% of the companies in the same industry.
With a decent Return On Invested Capital value of 7.41%, MTX is doing good in the industry, outperforming 68.24% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MTX is in line with the industry average of 7.47%.
The 3 year average ROIC (6.75%) for MTX is below the current ROIC(7.41%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.51% | ||
| ROE | 5.09% | ||
| ROIC | 7.41% |
ROA(3y)3.66%
ROA(5y)3.75%
ROE(3y)7.84%
ROE(5y)8.13%
ROIC(3y)6.75%
ROIC(5y)6.48%
1.3 Margins
MTX's Profit Margin of 3.88% is in line compared to the rest of the industry. MTX outperforms 48.24% of its industry peers.
In the last couple of years the Profit Margin of MTX has declined.
MTX has a Operating Margin of 12.90%. This is in the better half of the industry: MTX outperforms 74.12% of its industry peers.
In the last couple of years the Operating Margin of MTX has declined.
MTX has a Gross Margin (23.37%) which is in line with its industry peers.
In the last couple of years the Gross Margin of MTX has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.9% | ||
| PM (TTM) | 3.88% | ||
| GM | 23.37% |
OM growth 3Y-0.53%
OM growth 5Y-2.16%
PM growth 3Y-18.07%
PM growth 5Y-16.15%
GM growth 3Y-2.76%
GM growth 5Y-1.75%
2. Health
2.1 Basic Checks
MTX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, MTX has less shares outstanding
The number of shares outstanding for MTX has been reduced compared to 5 years ago.
MTX has a better debt/assets ratio than last year.
2.2 Solvency
MTX has an Altman-Z score of 2.97. This is not the best score and indicates that MTX is in the grey zone with still only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.97, MTX is doing good in the industry, outperforming 78.82% of the companies in the same industry.
MTX has a debt to FCF ratio of 7.24. This is a slightly negative value and a sign of low solvency as MTX would need 7.24 years to pay back of all of its debts.
The Debt to FCF ratio of MTX (7.24) is better than 61.18% of its industry peers.
A Debt/Equity ratio of 0.60 indicates that MTX is somewhat dependend on debt financing.
MTX has a Debt to Equity ratio of 0.60. This is comparable to the rest of the industry: MTX outperforms 49.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 7.24 | ||
| Altman-Z | 2.97 |
ROIC/WACC0.91
WACC8.11%
2.3 Liquidity
MTX has a Current Ratio of 2.40. This indicates that MTX is financially healthy and has no problem in meeting its short term obligations.
MTX has a Current ratio of 2.40. This is in the better half of the industry: MTX outperforms 61.18% of its industry peers.
A Quick Ratio of 1.69 indicates that MTX should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.69, MTX is in the better half of the industry, outperforming 65.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.4 | ||
| Quick Ratio | 1.69 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.97% over the past year.
Measured over the past 5 years, MTX shows a small growth in Earnings Per Share. The EPS has been growing by 1.48% on average per year.
The Revenue has been growing slightly by 2.08% in the past year.
MTX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.72% yearly.
EPS 1Y (TTM)6.97%
EPS 3Y9.46%
EPS 5Y1.48%
EPS growth Q2Q91.04%
Revenue 1Y (TTM)2.08%
Revenue growth 3Y10.81%
Revenue growth 5Y3.72%
Revenue growth Q2Q3.33%
3.2 Future
Based on estimates for the next years, MTX will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.28% on average per year.
Based on estimates for the next years, MTX will show a small growth in Revenue. The Revenue will grow by 4.79% on average per year.
EPS Next Y13.62%
EPS Next 2Y14.28%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.91%
Revenue Next 2Y4.79%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 13.81, the valuation of MTX can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of MTX indicates a somewhat cheap valuation: MTX is cheaper than 75.29% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of MTX to the average of the S&P500 Index (25.25), we can say MTX is valued slightly cheaper.
The Price/Forward Earnings ratio is 12.16, which indicates a correct valuation of MTX.
Based on the Price/Forward Earnings ratio, MTX is valued cheaply inside the industry as 84.71% of the companies are valued more expensively.
MTX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.67, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.81 | ||
| Fwd PE | 12.16 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MTX is valued a bit cheaper than 78.82% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MTX is valued a bit cheaper than the industry average as 65.88% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.62 | ||
| EV/EBITDA | 7.83 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as MTX's earnings are expected to grow with 14.28% in the coming years.
PEG (NY)1.01
PEG (5Y)9.32
EPS Next 2Y14.28%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.56%, MTX is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.34, MTX is paying slightly less dividend.
With a Dividend Yield of 0.56, MTX pays less dividend than the S&P500 average, which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.56% |
5.2 History
The dividend of MTX has a limited annual growth rate of 4.42%.
MTX has been paying a dividend for at least 10 years, so it has a reliable track record.
MTX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.42%
Div Incr Years1
Div Non Decr Years19
5.3 Sustainability
MTX pays out 9.63% of its income as dividend. This is a sustainable payout ratio.
The dividend of MTX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP9.63%
EPS Next 2Y14.28%
EPS Next 3YN/A
MINERALS TECHNOLOGIES INC
NYSE:MTX (4/24/2024, 7:18:14 PM)
After market: 72.1 0 (0%)72.1
-0.08 (-0.11%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.33B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.56% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.81 | ||
| Fwd PE | 12.16 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.01
PEG (5Y)9.32
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.51% | ||
| ROE | 5.09% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 12.9% | ||
| PM (TTM) | 3.88% | ||
| GM | 23.37% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.4 | ||
| Quick Ratio | 1.69 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)6.97%
EPS 3Y9.46%
EPS 5Y
EPS growth Q2Q
EPS Next Y13.62%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.08%
Revenue growth 3Y10.81%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y