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Mativ Holdings, Inc.

MATV

Paper Mills

Mkt Cap

$659M

PE

-1.42

Debt

$1.799B

Cash

$103.6M

EV

$2.354B

FCF

$167.6M

Market Cap

$659M

P/E Ratio

-1.42

Debt

$1.799B

Cash

$103.6M

EV

$2.354B

FCF

$167.6M
Charts data: {"Earnings":[{"time":"2014-12-30","value":88900000},{"time":"2015-12-30","value":89200000},{"time":"2016-12-30","value":82300000},{"time":"2017-12-30","value":34100000},{"time":"2018-12-30","value":93900000},{"time":"2019-12-30","value":85200000},{"time":"2020-12-30","value":82700000},{"time":"2021-12-30","value":87800000},{"time":"2022-12-30","value":-6600000}],"Sales":[{"time":"2014-12-30","value":794300000},{"time":"2015-12-30","value":764100000},{"time":"2016-12-30","value":839900000},{"time":"2017-12-30","value":982100000},{"time":"2018-12-30","value":1041300000},{"time":"2019-12-30","value":1022800000},{"time":"2020-12-30","value":1074400000},{"time":"2021-12-30","value":1440000000},{"time":"2022-12-30","value":2167400000}],"Net Margins":[{"time":"2014-12-30","value":0.11192244743799572},{"time":"2015-12-30","value":0.11673864677398246},{"time":"2016-12-30","value":0.0979878556971068},{"time":"2017-12-30","value":0.03472151512065981},{"time":"2018-12-30","value":0.09017574186113513},{"time":"2019-12-30","value":0.08330074305827141},{"time":"2020-12-30","value":0.07697319434102755},{"time":"2021-12-30","value":0.06097222222222222},{"time":"2022-12-30","value":-0.0030451231890744673}],"Assets":[{"time":"2014-12-30","value":1186600000},{"time":"2015-12-30","value":1290000000},{"time":"2016-12-30","value":1173700000},{"time":"2017-12-30","value":1542500000},{"time":"2018-12-30","value":1466500000},{"time":"2019-12-30","value":1471700000},{"time":"2020-12-30","value":1584900000},{"time":"2021-12-30","value":2420300000},{"time":"2022-12-30","value":3669200000}],"Stockholders Equity":[{"time":"2014-12-30","value":489000000},{"time":"2015-12-30","value":467900000},{"time":"2016-12-30","value":508300000},{"time":"2017-12-30","value":546700000},{"time":"2018-12-30","value":557900000},{"time":"2019-12-30","value":597700000},{"time":"2020-12-30","value":649600000},{"time":"2021-12-30","value":682200000},{"time":"2022-12-30","value":1179300000}],"ROE":[{"time":"2014-12-30","value":0.18179959100204499},{"time":"2015-12-30","value":0.19063902543278477},{"time":"2016-12-30","value":0.16191225654141256},{"time":"2017-12-30","value":0.06237424547283702},{"time":"2018-12-30","value":0.16830973292704784},{"time":"2019-12-30","value":0.14254642797389994},{"time":"2020-12-30","value":0.1273091133004926},{"time":"2021-12-30","value":0.128701260627382},{"time":"2022-12-30","value":-0.005596540320529127}],"ROA":[{"time":"2014-12-30","value":0.0972526546435193},{"time":"2015-12-30","value":0.08930232558139535},{"time":"2016-12-30","value":0.09372071227741331},{"time":"2017-12-30","value":0.08324149108589951},{"time":"2018-12-30","value":0.09887487214456188},{"time":"2019-12-30","value":0.09105116531901883},{"time":"2020-12-30","value":0.08126695690579848},{"time":"2021-12-30","value":0.049250092963682185},{"time":"2022-12-30","value":0.01681565463861332}]}

Mativ Holdings, Inc. operates as a performance materials company. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials segment manufactures and sells polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens. This segment serves filtration, protective solutions, release liners, healthcare, and industrials end-markets. The Fiber-Based Solutions segment provides packaging, printing, and specialty papers; and various paper-based products for the consumer channel, such as bright papers, cardstock, stationery paper, envelopes, journals, and planners. It also offers combustibles products comprising conventional papers and filter wraps, low-ignition propensity papers wrappers for small cigars, and hemp-based alternatives; noncombustibles; and lightweight papers. This segment serves cigarette and cigar manufacturers, and commercial print and combustibles end-markets. The company sells its products in the United States, Europe and the former Commonwealth of Independent States, the Asia Pacific, the Americas, and internationally. The company was formerly known as Schweitzer-Mauduit International, Inc. and changed its name to Mativ Holdings, Inc. in July 2022. Mativ Holdings, Inc. was incorporated in 1995 and is headquartered in Alpharetta, Georgia.

Sector

  • IP Logo

    IP

Growth

%

%

Discount

%

%

Multiple

g\r+10%+11%+12%+13%+14%
0%109887
+1%1110988
+2%13111098
+3%141311109
+4%1714121110
Years012345678910TV
FCF$167.6M$156.1M$145.5M$135.5M$126.3M$117.6M$109.6M$102.1M$95.11M$88.6M$82.55M$825.5M
DCF$135.8M$110M$89.11M$72.19M$58.48M$47.37M$38.38M$31.09M$25.19M$20.4M$204M
Value$832M

In the chart Earnings are multiplied by this value.

Earnings Growth -2.4%
Earnings Stability -7.9%


Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12-201412-201512-201612-201712-201812-201912-202012-202112-2022TTM
Net Margin11%12%9.8%3.5%9%8.3%7.7%6.1%-0.3%-21%
ROA9.7%8.9%9.4%8.3%9.9%9.1%8.1%4.9%1.7%-12%
ROE18%19%16%6.2%17%14%13%13%-0.56%-69%

What is the average Net Margin?

The average Net Margin over the past 5 years is +5.72%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is -0.81%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +7.01%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is -1.4%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +10.39%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is -1.35%.


Safety & Stabiliy

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12-201412-201512-201612-201712-201812-201912-202012-202112-2022TTM
Debt FCF-4.844.427.415.714.214.5758.0912.1010.73
Debt Equity0.911.250.891.271.150.930.921.891.492.67
MIN
Graham Stability---39%100%100%100%100%-7.7%-7.7%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is 10.73.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is 5.17.

What is the Graham’s Stability?

Graham’s Stability measure stands at -0.08.


Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12-201512-201712-201912-2021Trend
Revenue16%17%28%51%5.4%
Net Income----2.7%
Stockholders Equity14%17%25%73%6.3%
FCF2.7%9.1%3.3%550%43%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is +17.15%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is +5.44%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is -.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is +2.73%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is +16.62%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is +6.32%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is +9.15%.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is +43.12%.