Morgan Advanced Materials stock analysis
Morgan Advanced Materials (MGJ) Stock Price & Analysis
MGJ Stock Chart & Stats
- Day’s Range
- EUR 3.22 - EUR 3.22
- 52-Week Range
- EUR 2.08 - EUR 3.50
- Previous Close
- EUR 3.10
- Volume
- N/A
- Average Volume (3M)
- 64
- Market Cap
- EUR 890.65M
- Enterprise Value
- EUR 878.70M
- Total Cash (Recent Filing)
- EUR 153.10M
- Total Debt (Recent Filing)
- EUR 405.80M
- Price to Earnings (P/E)
- 40.5
- Beta
- 0.78
- Next Earnings
- Mar 11, 2027 (Est.)
- EPS Estimate
- 0.07
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 4.65%
Bulls Say, Bears Say
Bulls Say
Specialist B2B Model
Morgan sells performance-critical ceramics and carbon products that are designed into customer equipment and processes. Approved-supplier relationships, customized solutions and maintenance-driven replacement demand can support repeat purchasing and create durable customer retention over the equipment lifecycle.
Technical Ceramics Growth
Technical Ceramics is demonstrating both growth and operating leverage, with aerospace and defense representing 39% of divisional revenue. Ceramic cores for jet-engine turbine blades provide exposure to demanding applications where qualification and performance requirements can support a durable competitive position.
Operational Improvement
Site turnarounds, procurement savings and simplification provide identifiable internal levers to improve profitability beyond market growth. The targeted £20m contribution by 2028, supported by lead-time reductions at affected sites, could strengthen margins and execution if implementation continues successfully.
Bears Say
Weak Earnings Trend
Recent financial performance shows weakening demand and substantial earnings volatility rather than a steadily expanding profit base. Falling revenue alongside the sharp net-income decline reduces internal funding capacity and makes the business more sensitive to further industrial-market weakness.
Non-recurring H1 Support
Reported H1 growth and margins were materially helped by a customer take-or-pay payment that is not recurring. Excluding it, margin was 9.6%, so the underlying improvement is less pronounced and future comparisons may expose weaker recurring profitability than headline results suggest.
Leverage And Implementation Burden
Meaningful leverage combined with substantial ERP and simplification spending limits financial flexibility while management executes its improvement program. These cash demands can constrain reinvestment and shareholder distributions, and higher debt sensitivity remains a risk if modest growth fails to offset costs.
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Morgan Advanced Materials Stock Smart Score
Company Description
Morgan Advanced Materials
Morgan Advanced Materials plc is a UK-based global leader in materials science and advanced engineering solutions. The company develops and manufactures a diverse portfolio of high-performance products. Its extensive range encompasses thermal management solutions, including insulating fibers, microporous materials, various firebricks, monolithic structures, heat shields, and fired refractory shapes. They also provide specialized crucibles, foundry supplies, and comprehensive furnace components for diverse industrial applications. Furthermore, Morgan Advanced Materials offers precision-engineered seals and bearings, from face seals and segmented designs to sliding bearings and components for rotary pumps and valves. Their expertise extends to a suite of carbon-based electrical components, such as brushes, collectors, slip rings, and current collection strips, alongside brush holders and diagnostic tools. The company is also a key provider of advanced ceramic solutions, spanning intricate components, ceramic cores, brazed and metallized assemblies, and specialized products for mass spectrometry, semiconductors, and medical applications; this includes tubes, laboratory porcelain, and kiln furniture, some marketed under the Haldenwanger brand. These highly engineered materials serve a wide array of critical sectors, such as industrial manufacturing, transportation, energy, petrochemicals, electronics, healthcare, and defense. With a robust global presence, Morgan Advanced Materials operates across the Americas (including the United States and other North American countries), Europe (including the United Kingdom, Germany, France, and other European countries), Asia (including China and other Asian countries), Australasia, the Middle East, and Africa. Founded in Windsor, UK, in 1856 as The Morgan Crucible Company plc, the company adopted its current name, Morgan Advanced Materials plc, in March 2013.
- Sector
- Industrials
- Industry
- Industrial - Specialties
- CEO
- Damien Caby
- Employees
- 8,088
- Website
- www.morganadvancedmaterials.com
- Address
- York House, Windsor, BR, SL4 1DD, GB
Morgan Advanced Materials (MGJ) Earnings & Revenues
MGJ Earnings Call
Earnings Call SentimentPositive
The call presents a constructive operational and strategic update: revenue momentum, meaningful growth in Technical Ceramics and Energy end markets, tangible site turnaround and procurement progress, and clear targets for margin expansion (12% by 2028). However, H1 improvements were partly supported by a non‑recurring GBP 8.9m take‑or‑pay payment and the group still faces specific challenges — equipment issues earlier in the year, restructuring and ERP costs, softer European industrial demand, Performance Carbon weakness ex‑phasing, and modest near‑term free cash generation. On balance, management demonstrates credible execution on multiple strategic levers and measurable operational improvements outweigh current headwinds, while risks remain around non‑recurring items and regional demand softness.
View all DE:MGJ earnings summariesMGJ Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 14 | 4 | 3 |
| Technical Analysis | 2 | 4 | 3 |
| Moving Averages | 12 | 0 | 0 |
