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Metlen Energy & Metals PLC (MTLN) AI Stock Analysis

GB:MTLN

Metlen Energy & Metals PLC

(LSE:MTLN)

Select Model
Rating:71.6Outperform
Price Target:EUR 54.00â–²(12.64% Upside)
Action:reiterated
Date:08/25/26

The score is led by improving fundamentals (strong revenue growth and a major TTM cash-flow rebound) and constructive technical trend signals (price above key moving averages with positive MACD). These positives are tempered by meaningful margin compression and elevated leverage, while valuation is reasonable and recent corporate actions are supportive.

Positive Factors
Strong revenue growthRevenue growth of 24.1% indicates strong demand across the company’s energy and metals activities. Sustained top-line expansion can improve operating scale, support reinvestment in projects and assets, and strengthen the company’s competitive position over the next several quarters.
Negative Factors
Material margin compressionThe substantial decline in gross and net margins shows that recent revenue growth has not translated proportionally into profitability. A lower margin base reduces resilience to cost or pricing pressure and may limit the cash available for investment, deleveraging and shareholder distributions.

Metlen Energy & Metals PLC (MTLN) vs. iShares MSCI United Kingdom ETF (EWC)

-40%-30%-20%-10%0%10%20%30%GB:MTLN+8.21%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
EUR 6.82B
Dividend Yield
2.09%
Average Volume (3M)
126.63K
Price to Earnings (P/E)
13.0
Beta (1Y)
0.64
Revenue Growth
―
EPS Growth
―
Country
UK
Employees
7,188
Sector
Utilities
Sector Strength
66
Industry
Diversified Utilities

Metlen Energy & Metals PLC Business Overview & Revenue Model

Company Description

Metlen Energy & Metals PLC operates as a global industrial and energy enterprise with a primary focus on the metals and energy sectors. Its extensive energy operations include the full lifecycle of thermal power facilities, from development and const...

How the Company Makes Money

Metlen Energy & Metals PLC makes money primarily by selling (1) energy and energy-related services and (2) metals and metals-related products. In the energy segment, revenue is generated from electricity sales produced by owned/operated generation as...

Metlen Energy & Metals PLC Financial Statement Overview

Summary

Solid overall fundamentals driven by strong TTM revenue growth (+24.1%) and a sharp rebound in operating/free cash flow (FCF ~1.40B; FCF ~79% of net income). Offsetting this, profitability has compressed materially (gross margin ~8.2% vs ~17–18% in 2023–2024; net margin ~5% vs ~10–11%) and leverage has trended higher over time (debt-to-equity ~1.71), keeping the financial profile in the middle range rather than top-tier.

Income Statement

72Positive

Balance Sheet

58Neutral

Cash Flow

64Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue11.23B7.11B5.68B5.49B6.31B2.66B
Gross Profit925.25M464.23M1.02B980.01M963.21M365.84M
EBITDA974.62M738.79M1.05B989.60M781.20M361.41M
Net Income560.27M314.47M614.59M623.11M465.90M162.15M
Balance Sheet
Total Assets12.97B11.43B10.67B8.04B6.98B5.09B
Cash, Cash Equivalents and Short-Term Investments2.59B2.07B1.19B933.47M1.05B602.72M
Total Debt5.44B5.09B4.26B3.11B1.96B1.41B
Total Liabilities9.69B8.32B7.58B5.34B4.76B3.47B
Stockholders Equity3.17B3.01B2.99B2.61B2.13B1.54B
Cash Flow
Free Cash Flow1.40B-241.67M-392.21M-898.30M172.95M-145.17M
Operating Cash Flow1.77B445.88M409.05M156.03M888.65M219.94M
Investing Cash Flow-598.27M-683.17M-794.93M-1.05B-710.17M-385.71M
Financing Cash Flow761.39M635.67M791.87M706.98M280.86M272.39M

Metlen Energy & Metals PLC Peers Comparison

Overall Rating

UnderperformOutperform
Sector (66)

Financial Indicators

GB:MTLN against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
GB:MTLNGB:MTLN72OutperformEUR 6.82B13.0318.11%2.09%――
GB:FGENGB:FGEN66NeutralGBP 560.38M15.245.68%8.88%651.12%―
Sector *66Neutral$17.65B18.105.60%3.62%6.62%11.55%
GB:QDEGB:QDE42NeutralGBP 5.55M-0.17-45.72%―34.19%94.04%
GB:AMPGB:AMP38UnderperformGBP 12.29M-0.99-65.86%―136.51%40.60%
GB:FORGGB:FORG34UnderperformGBP 6.43M-0.01-254.86%―-57.56%63.30%

* Utilities Sector Average

Performance Comparison

-50%0%GB:MTLNGB:AMPGB:FORGGB:QDEGB:FGENDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:MTLN and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:MTLNMetlen Energy & Metals PLC47.945.2012.17%
GB:AMPSimec Atlantis Energy1.70-0.65-27.66%
GB:FORGEQTEC plc0.01-0.24-95.60%
GB:QDEMast Energy Developments PLC2.25-20.15-89.96%
GB:FGENForesight Environmental Infrastructure Limited GBP89.9029.8149.61%

Metlen Energy & Metals PLC Corporate Events

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance

Metlen Energy & Metals Updates Voting Rights After Treasury Share Buyback

Neutral
Sep 21, 2026

Metlen Energy & Metals PLC has repurchased 15,000 of its €1.00 ordinary shares on Euronext Athens under its ongoing share buyback programme, at a volume‑weighted average price of €45.7613. These repurchased shares will be held i...

Business Operations and StrategyExecutive/Board Changes

Metlen Strengthens Capital Markets Outreach with Senior IR Hire

Positive
Sep 21, 2026

Metlen Energy & Metals has hired Yannis Masvoulas as Investor Relations Senior Director, reporting to Group CFO Fotini Ioannou and based in London, to lead engagement with the international investor and analyst community. His appointment undersco...

Business Operations and StrategyExecutive/Board Changes

Metlen Energy & Metals Ties Senior Pay to Long-Term EPS and TSR Targets

Positive
Sep 16, 2026

Metlen Energy & Metals PLC has granted conditional share awards to its chief executive, chief financial officer and a group of senior managers under the Metlen Energy & Metals Omnibus Plan. The awards cover varying maximum numbers of ordinary...

Stock BuybackRegulatory Filings and Compliance

Metlen Energy & Metals Tightens Free Float with Latest Share Buybacks

Neutral
Sep 14, 2026

Metlen Energy & Metals PLC has continued to execute its share buyback programme on Euronext Athens, repurchasing a total of 40,000 ordinary shares of €1.00 each between 7 and 11 September 2026 through Piraeus Securities S.A. These repurchas...

Business Operations and Strategy

Metlen and Petronas Sign Five-Year LNG Deal to Bolster Southeast Europe’s Energy Security

Positive
Sep 14, 2026

Metlen Energy & Metals PLC has signed a long-term sale and purchase agreement with Petronas’ trading arm PTUK for the supply of six LNG cargoes per year to Greece from 2027, equivalent to about 0.6 bcm annually over five years. The deal und...

Business Operations and StrategyM&A Transactions

Metlen Sells Chilean Tamarico II Hybrid Project to Copec, Deepening Renewable Partnership

Positive
Sep 10, 2026

Metlen has agreed to sell its Tamarico II hybrid renewable project in Chile’s Atacama Region to Copec S.A. via subsidiary Copec Flux S.p.A. The project combines a 165 MW photovoltaic power plant with a large-scale battery energy storage system...

Stock BuybackRegulatory Filings and Compliance

Metlen Energy & Metals Tightens Free Float With New Share Buybacks

Positive
Sep 7, 2026

Metlen Energy & Metals PLC has continued executing its previously announced share buyback programme, repurchasing a total of 55,000 ordinary shares on Euronext Athens between 1 and 4 September 2026 through Piraeus Securities S.A. These repurchase...

Regulatory Filings and Compliance

Metlen Energy & Metals Updates Total Voting Rights for August 2026

Neutral
Sep 1, 2026

Metlen Energy & Metals PLC has disclosed its total issued share capital and voting rights as of 31 August 2026, in line with UK and Greek regulatory requirements. The company reported 142,431,020 voting rights in circulation, with a total of 143,...

Stock BuybackRegulatory Filings and Compliance

Metlen Energy & Metals Tightens Free Float with Treasury Share Buybacks

Positive
Sep 1, 2026

Metlen Energy & Metals PLC has continued executing its previously announced share buyback programme, repurchasing 120,000 ordinary shares on Euronext Athens between 24 and 31 August 2026 via Piraeus Securities. The repurchased shares, bought at v...

Business Operations and StrategyShareholder Meetings

Metlen Energy & Metals Advances Demerger to Consolidate Concessions and PPP Business

Positive
Aug 24, 2026

Metlen Energy & Metals PLC has approved a draft demerger agreement to spin off the concessions and public-private partnership business of Metlen Energy & Metals Single-Member S.A. into its wholly owned subsidiary M Concessions Single-Member S...

Stock BuybackRegulatory Filings and Compliance

Metlen Energy & Metals Reduces Voting Share Count Through Buyback

Neutral
Aug 24, 2026

Metlen Energy & Metals PLC has continued executing its share buyback programme on Euronext Athens, repurchasing 70,000 ordinary shares between 17 and 21 August 2026. The transactions were conducted via Piraeus Securities S.A., with the repurchase...

Business Operations and StrategyM&A Transactions

Metlen buys Joule to power digital push in renewable energy portfolio management

Positive
Aug 18, 2026

Metlen Energy & Metals PLC, a major player in metals and energy with integrated aluminium operations and a broad portfolio of thermal and renewable power assets, is deepening its focus on sustainable, technology‑driven growth. The FTSE 100...

Stock BuybackRegulatory Filings and Compliance

Metlen Energy & Metals Tightens Free Float with Euronext Athens Share Buyback

Positive
Aug 17, 2026

Metlen Energy & Metals PLC has repurchased 100,000 of its €1.00 ordinary shares on Euronext Athens between 10 and 14 August 2026 under its ongoing share buyback programme. The shares, bought at volume-weighted average prices ranging from ab...

M&A TransactionsRegulatory Filings and Compliance

Metlen Energy & Metals Reveals Major Intra-Group Share Transfer After Merger

Neutral
Aug 14, 2026

Metlen Energy & Metals PLC has disclosed intra-group share transfers involving entities closely associated with Executive Chairman Evangelos Mytilineos, in line with EU and UK market abuse regulations tied to its dual listing in London and Athens...

Stock BuybackRegulatory Filings and Compliance

Metlen Updates Treasury Share Holdings and Voting Rights After Buyback

Neutral
Aug 14, 2026

Metlen Energy & Metals PLC corrected its reported figure for shares held in treasury with no voting rights and disclosed recent transactions in its own shares. The company purchased ordinary shares between 3 August and 7 August 2026 under its ong...

Stock BuybackRegulatory Filings and Compliance

Metlen Adjusts Voting Rights After Latest Share Buybacks and Treasury Share Disposal

Neutral
Aug 13, 2026

Metlen Energy & Metals PLC has repurchased a total of 100,000 ordinary shares under its ongoing share buyback programme during the period from 3 to 7 August 2026, executing the trades on Euronext Athens via Piraeus Securities S.A. These repurchas...

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance

Metlen Energy & Metals Updates Share Buyback and Voting Rights

Neutral
Aug 10, 2026

Metlen Energy & Metals PLC has continued execution of its previously announced share buyback programme, repurchasing 100,000 ordinary shares of €1.00 each on Euronext Athens between 3 August and 7 August 2026. The repurchased shares are bei...

Business Operations and StrategyFinancial Disclosures

Metlen Energy & Metals Posts Record H1 2026 Results and Sharp Deleveraging

Positive
Aug 6, 2026

Metlen Energy & Metals reported record first-half 2026 results, with revenue rising 11% to €3.99 billion, EBITDA up 23% to €550 million and net profit after minorities increasing 23% to €313 million, driven largely by its energy...

Regulatory Filings and Compliance

Metlen Energy & Metals Updates Total Voting Rights for Shareholders

Neutral
Aug 3, 2026

Metlen Energy & Metals PLC has disclosed its latest capital structure, confirming that as of 31 July 2026 it had 143,426,244 ordinary shares in issue, of which 142,813,409 are in circulation and carry one voting right each, with the balance held...

Stock BuybackRegulatory Filings and Compliance

Metlen Energy & Metals Tightens Free Float with Latest Share Buyback

Neutral
Aug 3, 2026

Metlen Energy & Metals PLC has continued executing its share buyback programme, repurchasing a total of 99,898 ordinary shares on Euronext Athens between 27 and 31 July 2026 via Piraeus Securities S.A. These repurchased shares, bought at prices r...

Business Operations and Strategy

Metlen seals landmark gallium supply deal, bolstering Europe’s critical metals push

Positive
Jul 29, 2026

Metlen Energy & Metals PLC has signed a long-term agreement to supply roughly a quarter of the output from its planned gallium facility in Greece to a leading U.S. technology customer, marking the first major commercial gallium deal between a Eur...

Stock BuybackRegulatory Filings and Compliance

Metlen Energy & Metals Updates Share Buyback and Voting Rights

Neutral
Jul 27, 2026

Metlen Energy & Metals PLC has continued executing its share buyback programme on Euronext Athens, repurchasing a total of 128,979 ordinary shares of €1.00 each between 20 and 24 July 2026 through Piraeus Securities S.A. These repurchases w...

Business Operations and Strategy

Metlen and HOUTRIS Forge Cyprus Defence Venture Under EU SAFE Programme

Positive
Jul 23, 2026

Metlen’s defence subsidiary M Technologies has signed an exclusive partnership with Cyprus-based HOUTRIS to establish a joint company in the Republic of Cyprus focused on producing land defence systems under the European SAFE programme. The col...

Stock BuybackRegulatory Filings and Compliance

Metlen Energy & Metals Updates Share Buyback and Voting Rights

Positive
Jul 20, 2026

Metlen Energy & Metals PLC has continued to execute its share buyback programme, repurchasing a total of 113,190 ordinary shares of €1.00 each between 13 July and 17 July 2026 on Euronext Athens through Piraeus Securities S.A. These shares,...

Stock BuybackRegulatory Filings and Compliance

Metlen Energy & Metals Tightens Free Float With Treasury Share Buybacks

Positive
Jul 6, 2026

Metlen Energy & Metals PLC has continued implementing its previously announced share buyback programme, repurchasing a total of 85,768 ordinary shares of €1.00 each on Euronext Athens between 29 June and 3 July 2026 at prices broadly in the...

Regulatory Filings and Compliance

Metlen Energy & Metals Updates Total Voting Rights and Share Capital Structure

Neutral
Jul 1, 2026

Metlen Energy & Metals PLC reported that as of 30 June 2026 its issued ordinary share capital comprised 143,426,244 shares, of which 110,000 are held in treasury without voting rights, leaving 143,316,244 shares in circulation. The company confir...

Executive/Board ChangesRegulatory Filings and Compliance

Metlen Insiders Receive Shares on Vesting of Long-Term Incentive Awards

Neutral
Jun 29, 2026

Metlen Energy & Metals PLC has disclosed that several senior executives, including Executive Chairman Evangelos Mytilineos and Group CEO Christos Gavalas, have received allocations of ordinary shares following the vesting of prior long-term incen...

Stock BuybackRegulatory Filings and Compliance

Metlen Energy & Metals Updates Share Capital After Buyback on Euronext Athens

Neutral
Jun 29, 2026

Metlen Energy & Metals PLC has repurchased 90,000 ordinary shares of €1.00 each on Euronext Athens between 23 and 26 June 2026 under its recently announced share buyback programme. The shares, acquired via Piraeus Securities S.A. at prices...

Regulatory Filings and Compliance

Metlen Energy & Metals Updates Market on Total Voting Rights

Neutral
Jun 24, 2026

Metlen Energy & Metals PLC has updated the market on its capital structure, confirming that following the recent admission of 403,264 new ordinary shares, its issued share capital now comprises 143,426,244 ordinary shares with an equal number of...

Business Operations and StrategyStock Buyback

Metlen launches €600m long-term share buyback programme

Positive
Jun 23, 2026

Metlen Energy & Metals PLC has launched a share buyback programme of up to €600 million, starting on 23 June 2026 and expected to run until June 2031, subject to the renewal of shareholder approvals at each annual meeting. The company has m...

Business Operations and StrategyDelistings and Listing Changes

Metlen Energy & Metals Lists New Shares to Satisfy Incentive Plan

Neutral
Jun 22, 2026

Metlen Energy & Metals PLC has issued 403,264 new ordinary shares of €1.00 each to satisfy the vesting of awards under its long-term incentive plan. These shares will be admitted to trading on the main markets of the London Stock Exchange a...

Business Operations and StrategyDelistings and Listing Changes

Metlen Energy & Metals issues new employee shares for dual-market listing

Positive
Jun 22, 2026

Metlen Energy & Metals PLC is issuing 403,264 new ordinary registered shares with a nominal value of €1.00 each to selected employees and board members under a stock award programme. The shares, which are of the same class and carry the sam...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 25, 2026