Morgan Advanced Materials stock analysis
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Morgan Advanced Materials (BA29) Share Price & Analysis
BA29 Stock Chart & Stats
- Day’s Range
- GBX 66.50 - GBX 67.50
- 52-Week Range
- GBX 66.50 - GBX 69.50
- Previous Close
- GBX 69.50
- Volume
- N/A
- Average Volume (3M)
- 5,000
- Market Cap
- GBP 744.94M
- Enterprise Value
- GBP 910.24T
- Total Cash (Recent Filing)
- GBP 153.10M
- Total Debt (Recent Filing)
- GBP 405.80M
- Price to Earnings (P/E)
- 3.9
- Beta
- -0.11
- Next Earnings
- Mar 11, 2027 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Feb 26, 2026
- Dividend Yield
- 740.74%
Bulls Say, Bears Say
Bulls Say
Specialized Engineered Materials
Morgan serves demanding applications where performance under heat, corrosion, wear and electrical stress is important. This specialized capability can support customer qualification, product differentiation and more durable relationships than participation in broadly standardized industrial markets.
Technical Ceramics Growth
Technical Ceramics is showing both healthy growth and expanding profitability, supported by aerospace and energy demand. This combination indicates improving mix and execution in an important division, creating a stronger foundation for group revenue quality and operating margins.
Improving Cash Generation
The sharp improvement in 2025 operating and free cash flow strengthens Morgan’s ability to fund investment, service debt and support operational programs internally. Although historical conversion has varied, the latest improvement provides a more supportive base for near-term financial execution.
Bears Say
Weak Revenue And Earnings Trend
Recent revenue contraction signals a tougher demand environment across the business, while the sharp fall in net income despite higher operating profit points to weaker earnings quality. Together, these trends make near-term profit growth less consistent and increase execution sensitivity.
Leverage Above Target
Leverage remains above management’s stated target, which limits financial flexibility while the company funds capital expenditure, ERP work and transformation initiatives. Debt reduction depends partly on future cash generation and disposal proceeds, leaving less capacity to absorb operating setbacks.
One-off Benefits And Restructuring Costs
Reported near-term performance is helped by a non-recurring take-or-pay payment, while ERP and simplification spending will weigh on earnings during implementation. Underlying margins therefore need to improve through operational delivery rather than repeatable benefits, increasing execution risk.
Morgan Advanced Materials News
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Company Description
Morgan Advanced Materials
Morgan Advanced Materials PLC is a UK-based enterprise focused on developing and manufacturing a wide variety of advanced and high-specification materials. Their diverse product offerings encompass high-temperature insulation solutions aimed at energy conservation, electrical carbon components, and linear and rotary transfer systems vital for electrical energy transmission in motor and generator applications. The company also supplies seals, bearings, ceramic cores, piezoelectric sensing and transducer devices, and crucibles. These specialized materials are utilized across numerous industries, including healthcare, petrochemical, transportation, electronics, energy, security and defense, and other industrial sectors. Morgan Advanced Materials operates globally, with its largest market being the United States.
- Sector
- General
- Industry
- Industrial - Machinery
- CEO
- Pete Raby
- Employees
- 8,694
- Website
- www.morganadvancedmaterials.com
- Address
- GB
Morgan Advanced Materials (BA29) Earnings & Revenues
BA29 Earnings Call
Earnings Call SentimentNeutral
The call conveyed balanced progress: the company reported underlying organic growth, improved segment performance (notably Technical Ceramics), clear execution on major operational turnarounds and procurement initiatives, and a credible roadmap to hit a 12% margin by 2028. However, near-term results were aided by a non-repeatable GBP 8.9m take-or-pay benefit, certain divisions (Performance Carbon, European Thermal) face softness, there were operational disruptions earlier in the year, and leverage remains above target. Delivery of planned site turnarounds, procurement savings and ERP completion will be critical to sustain momentum and achieve margin targets.
View all GB:BA29 earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 1 | 4 | 12 |
| Technical Analysis | 1 | 0 | 4 |
| Moving Averages | 0 | 4 | 8 |










