Minerals Technologies Inc

Industrials
Major Chemicals
www.mineralstech.com

Earnings Score
Moat Score
Safety Score

Market Cap $2.56B
PE 17
Debt $982.90M
Cash $317.10M
EV $3.22B
FCF $177.40M

Earnings

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Sales & Net Margins

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Earnings	$152.80M
EBIT	$269.20M
ROE	9%
ROA	8%
FCF	$177.40M
Equity	$1.74B
Growth Stability	63%
PE	16.74
PEG	-2.58
PB	1.47
P/FCF	14.42
P/S	1.2
Price/Cash	0.12
Debt/Equity	0.56
Debt/FCF	5.54
Net Margins	7%
Gross Margins	25%
Op. Margins	13%
Earnings CAGR	-3%
Sales Growth YoY	-4%
Sales Growth QoQ	-3%
Sales CAGR	3%
FCF CAGR	-7%
Equity CAGR	7%
Earnings Stability	0.11
Earnings Growth YoY	-343%
Earnings Growth QoQ	137%
Earnings CAGR 5Y	-6%

Sales CAGR 5Y	7%
FCF CAGR 5Y	-12%
Equity CAGR 5Y	4%
Earnings CAGR 3Y	4%
Sales CAGR 3Y	4%
FCF CAGR 3Y	40%
Equity CAGR 3Y	4%
Market Cap	$2.56B
Revenue	$2.12B
Dividend Yield	1%
Payout Ratio	8%
Assets	$3.39B
Total Debt	$982.90M
Cash	$317.10M
Shares Outstanding	32.1M
EV	3.22B
Earnings Score	5%
Moat Score	86%
Safety Score	76%
Final Score	56%
Working Capital	676.8M
Current Ratio	2.46
Gross Profit	$540.30M
Shares Growth 3y	-1%
Equity Growth QoQ	3%
Equity Growth YoY	8%

Assets & ROA

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Stockholders Equity & ROE

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Minerals Technologies Inc mines, produces, and sells mineral-based products. The firm organizes itself into three segments based on product type. The specialty minerals segment, sells calcium carbonate, limestone, and talc, which is used in the paper, building materials, paint, automotive, and pharmaceutical industries. The refractories segment sells products for steel furnaces. The performance materials segment sells bentonite used in steel alloy casting and household products including cat litter. The majority of revenue comes from the United States.

SEC Filings

Direct access to Minerals Technologies Inc (MTX) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 29
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Oct 01
- 10-Q Jul 02
- 10-Q Apr 02
2022
- 10-K Dec 31
- 10-Q Oct 02
- 10-Q Jul 03
- 10-Q Apr 03

Sector Comparison

How does Minerals Technologies Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Minerals Technologies Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -3%

Stability 11%

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Minerals Technologies Inc Discounted Cash Flow

Fully customizable DCF calculator online for Minerals Technologies Inc.

Years

Calculation mode

= $1.1B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$177M	$165M	$154M	$143M	$133M	$124M	$116M	$108M	$100M	$93M	$87M	$868M
DCF		$150M	$127M	$108M	$91M	$77M	$65M	$55M	$47M	$40M	$33M	$335M
Value	$1.1B

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	5%	6%	8%	12%	9%	7%	7%	9%	6%	4%	7%
ROA	-	7%	8%	8%	8%	7%	6%	7%	6%	5%	8%
ROE	-	12%	13%	15%	12%	9%	7%	10%	8%	5%	9%

Net Margins (7.07%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	6.86	6.62	7.38	7.93	5.35	5.38	6.95	45.4	7.24	5.54
Debt over Equity	1.64	1.35	1.04	0.76	0.73	0.65	0.62	0.64	0.66	0.6	0.56
Growth Stability	-	-	-	100%	100%	80%	68%	100%	90%	63%	63%

Bad Debt/FCF ratio (5.54)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.56)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (63%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	4%	-9%	2%	8%	-1%	-11%	17%	14%	2%	7%
Earnings YoY growth	-	17%	24%	46%	-13%	-21%	-15%	46%	-26%	-31%	-6%
Equity YoY growth	-	5%	10%	24%	8%	4%	4%	5%	2%	5%	4%
FCF YoY growth	-	-21%	-12%	-20%	-2%	36%	0%	-16%	-84%	499%	-12%