MTRN

Materion Corporation

$250.22

+4.38% Oct 21 close

MaterialsS&P 600 Compare

1M 3M 6M 1Y 2Y

MTRNSPY

-2.2%

-1.7%

-0.1%

+39.7%

YTD

+101.7%

+92.4%

Live chart

Loading live chart…

What they do

Materion Corporation produces advanced engineered materials in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other. It provides beryllium and non-beryllium containing alloy systems and custom engineered metal solutions in strip, bulk, rod, plate, bar, tube.

Basic Materials · Other Industrial Metals & Mining

For information only · Important disclosures

Grades vs sector

Momentum

100th percentile in sector

A+

12-1 return: +136.0%
Percentile within its GICS sector across the S&P 1500.

Growth

90th percentile in sector

Revenue growth (YoY): +42.2%
Percentile within its GICS sector across the S&P 1500.

Value

5th percentile in sector

Forward E/P: 3.4% · EBITDA/EV: 3.7%
Percentile within its GICS sector across the S&P 1500.

Profitability

42nd percentile in sector

Profit margin: +4.3% · Return on equity: +9.5%
Percentile within its GICS sector across the S&P 1500.

Revisions

Not enough data yet

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth

Outside this model's universe or screens

Momentum Top 15

Outside this model's universe or screens

Momentum Blend

Not in the current book

New Highs Growth

Outside this model's universe or screens

Coteau Long Book

Not in the current book

News

More news

Business Wire · 9h ago

Tungsten Has Tripled in 2026 as U.S. Explorers Race to Drill

CNW Group · Oct 01

Are Basic Materials Stocks Lagging Methanex (MEOH) This Year?

Zacks · Sep 29

Long Qualification Cycles and Specialized Products Build Materion’s (MTRN) Competitive Moat

Insider Monkey · Sep 28

Materion (MTRN) Stock Trades Below Fair Value On Cash Flow

Simply Wall St. · Sep 24

Key stats

Market value$5.2B

P/E (last 12 months)58.3

P/E (next 12 months, estimated)29.7

52-week range$109.61 – $324.99

Revenue growth (latest quarter vs a year ago)+42.2%

Dividend yield0.24%

Average analyst price target$303.75 (+21%)

Valuation and fundamentals

Valuation & fundamentals

Bottom line

Leans expensive

Model read-out from the numbers below, not advice. Score -2 (DCF counts double).

▼DCF (base case)below the price by 57%

▼Forward P/E vs sector29.7x vs median 12.7x

•Piotroski F-score5/9

•Net debt / EBITDA2.2x

▲Analyst target+21% (5 analysts)

Discounted cash flow

CyclicalValued on average-cycle margins

Bear

$46

-81%

growth 13% · disc. 10.5% · term. 2.0%

Base

$108

-57%

growth 21% · disc. 9.5% · term. 2.5%

Bull

$198

-21%

growth 27% · disc. 8.5% · term. 3.0%

Starting cash flow is mid-cycle: 3.1% average margin × current revenue = 0.1B (last 12 months: 0.0B at a 2% margin). On trailing cash flow the base case would be $74.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 27% a year for 10 years.

Implied

+27%/yr

FCF, last 3 yrs

+39%/yr

FCF, last 5 yrs

+25%/yr

Revenue, last 3 yrs

+1%/yr

Revenue, last 5 yrs

+9%/yr

Same inputs as the DCF above: mid-cycle free cash flow 0.1B, 9.5% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-07-03). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.05 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Materials

P/E (trailing)

sector median 20.6× · 93rd pct

58.3×
pricier

Forward P/E

sector median 12.7× · 96th pct

29.7×
pricier

EV / EBITDA

sector median 11.1× · 97th pct

28.5×
pricier

Price / sales

sector median 1.4× · 73rd pct

2.5×
pricier

Price / book

sector median 2.3× · 92nd pct

5.2×
pricier

FCF yield

sector median 4.7% · 8th pct

0.9%
pricier

Forward EPS $8.43 vs trailing $4.29 (+97% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO

$116.4M

as of 2026-07-03

vs a year ago

+317%

YoY

× TTM revenue

0.06×

coverage

24-09

24-12

25-03

25-06

25-09

25-12

26-04

26-07

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin

16.0%

Operating margin

6.0%

FCF margin

2.3%

Net margin

4.3%

Return on equity

9.1%

Return on invested capital

8.2%

Net debt / EBITDA

2.2×

Current ratio

2.9×

Interest cover

4.1×

Cash conversion (OCF/NI)

1.2×

Piotroski F-score 5/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✗ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✗ Asset turnover improved

Analysts

Mean target

$304

+21%

Analysts

None

Range

$279–$330

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2025	$1.8B	$74.8M	$103.2M
2024	$1.7B	$5.9M	$19.2M
2023	$1.7B	$95.7M	$33.9M
2022	$1.8B	$86.0M	$38.4M
2021	$1.5B	$72.5M	$-12.7M
2020	$1.2B	$15.5M	$33.8M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +0.6%.

Earnings

Next report: 2026-11-04 · before open · EPS est 1.89

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-08-05	1.52	1.90	+25.2%
2026-04-29	1.25	1.27	+1.9%
2026-02-12	1.51	1.53	+1.5%
2025-10-29	1.41	1.41	-0.1%
2025-07-30	1.13	1.37	+21.2%
2025-05-01	1.04	1.13	+8.4%
2025-02-19	1.45	1.55	+7.0%
2024-10-30	1.41	1.41	+0.3%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$613.9M	+42.2%
2026-03-31	$549.8M	–
2025-12-31	$489.8M	–
2025-09-30	$444.8M	–
2025-06-30	$431.7M	–

Analyst actions

Jefferies

2026-09-02 · init

→ Buy
PT $314

Keybanc

2026-08-07 · main

Overweight → Overweight
PT $306

Keybanc

2026-06-02 · main

Overweight → Overweight
PT $237

Keybanc

2026-05-19 · main

Overweight → Overweight
PT $223

Keybanc

2026-04-30 · main

Overweight → Overweight
PT $185

Baird

2026-04-01 · init

→ Outperform
PT $18

Recent dividends

2026-08-20: $0.145 · 2026-05-28: $0.145 · 2026-02-19: $0.140 · 2025-11-13: $0.140 · 2025-08-22: $0.140 · 2025-05-29: $0.140 · 2025-02-20: $0.135 · 2024-11-14: $0.135

Insider trades

Liggett Emily M

Director · 2026-09-01

Sell
$235.2K

Khilnani Vinod M

Director · 2026-08-31

Sell
$470.3K

Chadwick Shelly Marie

Vice President, Finance & CFO · 2026-08-07

Sell
$499.6K

Solomon Darlene J. S.

Director · 2026-08-07

Sell
$1.1M

Vijayvargiya Jugal K.