Minerals Technologies Inc. (MTX) 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

-13.6%

$56.22

vs $65.08 price

Levered DCF

$28.74

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.26

Grey 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	-103.31×	14.63×	27.53×	16.24×	14.96×	18.88×	15.21×	10.72×
P/B	1.12×	1.4×	1.4×	1.26×	1.6×	1.45×	1.44×	1.34×
P/S	0.92×	1.15×	1.07×	0.93×	1.32×	1.33×	1.13×	1×
EV / EBITDA	16.91×	7.98×	11.03×	9.3×	9.37×	9.83×	8.92×	7.69×
Gross margin	24.4%	25.3%	22.8%	21.3%	23.5%	24.8%	24.1%	25.0%
Operating margin	13.9%	13.5%	12.9%	11.9%	13.0%	13.1%	13.0%	14.4%
Net margin	-0.9%	7.9%	3.9%	5.7%	8.8%	7.0%	7.4%	9.3%
Current ratio	2.08×	2.84×	2.4×	2.13×	2.45×	3.49×	2.31×	2.29×
Debt / equity	0.61×	0.59×	0.65×	0.71×	0.7×	0.68×	0.7×	0.75×
Interest coverage	4.8×	4.59×	4.44×	5.34×	5.93×	5.21×	5.13×	5.67×
Dividend yield	0.7%	0.5%	0.3%	0.3%	0.3%	0.3%	0.3%	0.4%
Payout ratio	-77.2%	7.9%	9.6%	5.3%	4.1%	6.0%	5.3%	4.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-1.1%	9.6%	5.1%	7.7%	10.7%	7.7%	9.5%	12.5%
Return on invested capital	9.8%	7.0%	7.3%	6.6%	6.5%	5.9%	7.0%	7.7%
Return on assets	-0.5%	4.9%	2.5%	3.6%	4.9%	3.5%	4.3%	5.5%
Free cash flow yield	4.5%	6.0%	6.0%	1.2%	6.0%	7.7%	8.6%	7.0%
Earnings yield	-1.0%	6.8%	3.6%	6.2%	6.7%	5.3%	6.6%	9.3%
Enterprise value	$2.6B	$3.1B	$3.1B	$2.9B	$3.2B	$2.8B	$2.8B	$2.6B
Net debt / EBITDA	4.61×	1.76×	2.69×	2.84×	2.25×	2.24×	2.4×	2.37×
Cash conversion cycle (days)	108	102	97	103	98	115	101	97