Materion Corporation (MTRN) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-77.5%

$50.18

vs $222.81 price

Levered DCF

-$9.92

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

5.53

Safe zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	34.44×	353.14×	28.05×	20.89×	25.9×	83.84×	22.69×	43.68×
P/B	2.74×	2.36×	3.03×	2.24×	2.61×	1.98×	1.87×	1.64×
P/S	1.44×	1.22×	1.61×	1.02×	1.24×	1.1×	1.02×	0.75×
EV / EBITDA	17.77×	12.45×	15.44×	12.75×	18.72×	18.69×	9.05×	13.77×
Gross margin	16.7%	19.3%	21.0%	19.6%	18.8%	16.4%	22.2%	20.8%
Operating margin	6.5%	2.8%	8.2%	6.8%	5.1%	0.7%	6.0%	5.1%
Net margin	4.2%	0.3%	5.7%	4.9%	4.8%	1.3%	4.5%	1.7%
Current ratio	3.11×	3.19×	2.78×	2.89×	3.07×	3.66×	4.39×	3.14×
Debt / equity	0.64×	0.6×	0.56×	0.63×	0.73×	0.18×	0.06×	0.03×
Interest coverage	4.19×	1.36×	4.36×	5.47×	15.73×	2.12×	44.68×	24.99×
Dividend yield	0.4%	0.5%	0.4%	0.6%	0.5%	0.7%	0.7%	0.9%
Payout ratio	15.4%	188.3%	11.1%	11.8%	13.4%	59.9%	16.6%	40.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.9%	0.7%	10.8%	10.7%	10.1%	2.4%	8.3%	3.8%
Return on invested capital	6.7%	1.2%	7.8%	6.8%	5.1%	0.9%	7.4%	9.3%
Return on assets	4.2%	0.3%	5.4%	5.1%	4.5%	1.5%	5.9%	2.6%
Free cash flow yield	1.9%	0.3%	0.9%	2.1%	-0.7%	2.6%	6.0%	4.6%
Earnings yield	2.9%	0.3%	3.6%	4.8%	3.9%	1.2%	4.4%	2.3%
Enterprise value	$3.2B	$2.6B	$3.2B	$2.3B	$2.4B	$1.4B	$1.1B	$856.8M
Net debt / EBITDA	3.29×	2.44×	2.35×	2.74×	3.99×	1.21×	-0.7×	-0.84×
Cash conversion cycle (days)	122	132	130	126	133	124	124	103