Materion MTRN
United StatesBasic Materials · Other Industrial Metals & MiningUSD
303.75 USD (+4.5%)
5 analysts
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Materion Corporation is a US-based supplier of high-performance materials (beryllium, specialty alloys, precious metals, and advanced optics) serving sectors such as semiconductors, aerospace, defense, energy, and healthcare.
Key points
from its scores- ✓Good share-price trend9.8
- ✓Strong growth9.4
- ✕Demanding valuation1.8
- ✕Little or no dividend3.2
- ✕Little competitive advantage3.5
AI analysis
bottom line, main risk, context and newsGrowth and momentum are real, but the demanding valuation and weak free cash flow conversion do not justify entering at these prices; wait for a pullback or an improvement in cash generation.
Materion shows exceptional growth (revenue +42.2%, earnings +52.1%) and very strong momentum (118.77), but its valuation is extremely demanding (P/E 67.77, EV/EBITDA 31.87) and its free cash flow conversion is poor (6.50%), which undermines the quality of its moat. The balance sheet is sound (ND/EBITDA 2.39, liquidity 2.94), but the market is already pricing in very high growth at a price that leaves little room for error.
The main risk is valuation: with a P/E of 67.77 and an EV/EBITDA of 31.87, any slowdown in revenue or earnings growth (currently +42% and +52%) would trigger a severe multiple contraction.
Context and risks
Materion has no recent relevant news. Its high-performance materials business (beryllium, alloys, precious metals) is not materially exposed to interest rates, the oil cycle, or conflict shipping routes. The rise in long-term US rates is a general market factor already reflected in its valuation multiple, not a company-specific risk.
Is Materion stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 236% above the Basic Materials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 67.8 | 19.2 | +253% |
| EV / EBITDA | 31.9 | 10.0 | +219% |
| Price / book | 6.1 | 2.3 | +169% |
| Price / sales | 2.9 | 2.2 | +31% |
Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 1.8 out of 10 (median for Basic Materials: 5.8).
Average analyst target: 303.75 USD, +4.5% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 3.5 (sector 5.1), Growth 9.4 (sector 6.8).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Basic Materials medianValuation
- P/E
- 67.8
- Forward P/E
- 34.5
- EV / EBITDA
- 31.9
- Price / book
- 6.1
- Price / sales
- 2.9
- PEG
- 1.28
- Market cap
- 6.1B USD
- Enterprise value
- 6.5B USD
Profitability
- ROE
- 9.5%
- ROA
- 4.6%
- ROIC (approx.)
- 11.9%
- Gross margin
- 16.0%
- Operating margin
- 8.6%
- Net margin
- 4.3%
- Free cash flow
- 13.4M USD
- FCF yield
- 0.2%
- Cash conversion
- 7%
Solvency
- Total debt
- 511.6M USD
- Net debt
- 490.8M USD
- Cash
- 20.8M USD
- EBITDA
- 205.5M USD
- Net debt / EBITDA
- 2.39
- Debt / equity
- 51.42
- Current ratio
- 2.94
- Quick ratio
- 0.95
Growth
- Revenue growth
- +42.2%
- Earnings growth
- +52.1%
- EPS (TTM)
- 4.29 USD
- EPS (forward)
- 8.43 USD
Dividend
- Dividend yield
- 0.2%
- Payout
- 13.2%
Risk and market
- Beta
- 1.05
- Analyst consensus
- Buy (5)
- Target price
- 303.75 USD
- 52-week range
- 109.61 – 324.99
Recent news
All MTRN news →Compare it with its sector
All 141 in Basic Materials →Frequently asked questions about Materion
Is Materion stock cheap or expensive?
On P/E and EV / EBITDA, it trades 236% above the Basic Materials median on average. Valuation score: 1.8 out of 10 (median for Basic Materials: 5.8). Average analyst target: 303.75 USD, +4.5% versus the price. This is not investment advice.
What score does Materion get on MeridIAn Screener?
It scores 5.0 out of 10, rank 1,704 of 2,130 (better than 19% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Valuation (1.8). Analysis of 08/10/2026.
What is Materion's P/E ratio?
Its P/E is 67.8: the share price equals 67.8 times earnings per share over the last 12 months. The Basic Materials median is 19.2. Based on the earnings analysts expect, the forward P/E is 34.5.
How much is Materion worth on the stock market?
Its market capitalisation is 6.1B USD and its enterprise value, debt included, is 6.5B USD.
How much debt does Materion have?
Its net debt (debt minus cash) is 490.8M USD. That is 2.39 times its EBITDA; the Basic Materials median is 1.41.
Does Materion pay a dividend?
Yes: its dividend yield is 0.20% and it pays out 13% of its earnings.
How has Materion stock performed over the last year?
It has risen 147.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 109.61 and 324.99 USD. Past performance does not guarantee future results.
What do analysts think of Materion?
5 analysts cover it; their average recommendation is “Buy” and their average target is 303.75 USD (+4.5% versus the price). It is an estimate, not market data.