Johnson Matthey (JMPLY) AI Stock Analysis

Johnson Matthey

(Other OTC:JMPLY)

Select Model

Rating:52Neutral

Price Target:$67.00▲(4.72% Upside)

Action:reiterated

Date:08/18/26

The score is held back primarily by weak financial performance—especially the swing to a net loss and margin compression—despite steady operating cash flow and positive free cash flow. Technicals are a supportive offset with the stock trading above key moving averages and a positive MACD, while valuation is mixed due to the negative P/E and a very high dividend yield that may carry sustainability risk.

Positive Factors

Revenue RecoveryThe return to double-digit revenue growth indicates renewed demand across Johnson Matthey’s specialty chemicals and sustainable technology activities. If sustained, stronger sales can improve operating leverage, support customer retention, and provide a broader base for rebuilding profitability over the next several quarters.

Negative Factors

Profitability DeteriorationThe swing from substantial profit to a net loss is a major deterioration in earnings power. Compressed gross and EBITDA margins suggest that the revenue recovery is not currently translating into healthy operating returns, making sustained profitability dependent on improved pricing, mix, or cost control.

Johnson Matthey (JMPLY) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $3.87B
Dividend Yield: 30.79%
Average Volume (3M): 1,548
Price to Earnings (P/E): -39.6
Beta (1Y): 0.61
Revenue Growth: 13.14%
EPS Growth: -129.80%
Country: US
Employees: 9,500
Sector: Basic Materials
Sector Strength: 61
Industry: Chemicals - Specialty

Johnson Matthey Business Overview & Revenue Model

Company Description

Johnson Matthey Plc is a multinational company primarily engaged in clean air solutions, advanced catalyst and hydrogen technologies, and services related to platinum group metals (PGMs). Its extensive operations span the United Kingdom, continental...

How the Company Makes Money

Johnson Matthey makes money primarily by selling high-value catalyst products, licensing process technologies, and providing services linked to the sourcing, use, and recovery of precious/critical metals. Key revenue streams typically include: (1) Ca...

Johnson Matthey Financial Statement Overview

Summary

Mixed fundamentals: revenue rebounded in 2026 (+12.3% YoY) and operating cash flow was steady (~$382M) with positive free cash flow (~$162M). However, profitability deteriorated sharply with net income turning negative (-$98M) and meaningful margin compression (gross ~5.0% vs ~7.7%; EBITDA ~3.8% vs ~6.9%). Balance sheet leverage is manageable (debt-to-equity ~0.70) but declining equity and negative ROE (~-4.8%) raise earnings-risk concerns.

Income Statement

38Negative

Balance Sheet

56Neutral

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	12.67B	12.78B	11.67B	12.84B	14.93B	16.02B
Gross Profit	633.03M	639.23M	899.00M	898.00M	989.00M	1.05B
EBITDA	477.91M	486.79M	802.00M	488.00M	621.00M	467.00M
Net Income	-97.17M	-97.56M	373.00M	108.00M	276.00M	-101.00M
Balance Sheet
Total Assets	5.97B	5.97B	6.19B	6.34B	7.03B	6.67B
Cash, Cash Equivalents and Short-Term Investments	590.03M	590.03M	898.00M	542.00M	697.00M	418.00M
Total Debt	1.41B	1.41B	1.70B	1.49B	1.67B	1.25B
Total Liabilities	3.96B	3.96B	3.90B	3.96B	4.49B	4.22B
Stockholders Equity	2.02B	2.02B	2.29B	2.38B	2.54B	2.44B
Cash Flow
Free Cash Flow	161.25M	161.59M	8.00M	224.00M	-91.00M	73.00M
Operating Cash Flow	379.31M	382.11M	381.00M	592.00M	225.00M	526.00M
Investing Cash Flow	-282.57M	-285.57M	297.00M	-255.00M	-129.00M	-292.00M
Financing Cash Flow	-444.69M	-451.22M	-333.00M	-439.00M	191.00M	-439.00M

Johnson Matthey Technical Analysis

Technical Analysis SentimentPositive

Last Price63.98

Price Trends

50DMA63.55Positive

100DMA60.54Positive

200DMA59.40Positive

Market Momentum

MACD0.58Positive

RSI45.65Neutral

STOCH19.59Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JMPLY, the sentiment is Positive. The current price of 63.98 is below the 20-day moving average (MA) of 65.43, above the 50-day MA of 63.55, and above the 200-day MA of 59.40, indicating a neutral trend. The MACD of 0.58 indicates Positive momentum. The RSI at 45.65 is Neutral, neither overbought nor oversold. The STOCH value of 19.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JMPLY.

Johnson Matthey Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

JMPLY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LIN	77Outperform	$236.08B	34.01	18.05%	1.23%	8.16%	0.67%
IOSP	76Outperform	$2.46B	20.34	9.15%	1.79%	2.87%	534.76%
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ECVT	61Neutral	$1.11B	-18.75	-10.33%	―	20.14%	-359.78%
ALB	58Neutral	$10.74B	189.58	2.26%	1.79%	18.32%	―
NGVT	58Neutral	$2.55B	48.26	85.17%	―	-12.42%	―
JMPLY	52Neutral	$3.98B	-39.59	-4.72%	30.79%	13.14%	-129.80%

* Basic Materials Sector Average

Performance Comparison

JMPLY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JMPLY	Johnson Matthey	63.98	7.00	12.28%
ALB	Albemarle Corporation	91.00	-4.44	-4.65%
IOSP	Innospec	99.89	27.13	37.28%
NGVT	Ingevity	74.32	20.48	38.04%
ECVT	Ecovyst Inc	10.12	1.85	22.37%
LIN	Linde Plc	514.24	107.58	26.45%

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 18, 2026

Johnson Matthey AI Stock Analysis