MTRN Stock Analysis: Materion | NYSE

Beryllium Alloys, Precision Optics, Microelectronics Packaging, Specialty Coatings

Total Rating 64

Safety 79

Buy Signal 0.81

Other Industrial Metals & Mining
Industry Rotation: -20.1

Market Cap: 4.72B
Avg Turnover: 63.9M

Risk 3d forecast

Volatility59.5%

VaR 5^th Pctl9.51%

VaR vs Median-2.64%

Reward TTM

Sharpe Ratio1.17

Rel. Str. IBD91.3

Rel. Str. Peer Group93.9 pctl

Character TTM

Beta2.565

Beta Downside1.828

Hurst Exponent0.502

Choppyness66.1%

Drawdowns 3y

Max DD47.84%

CAGR/Max DD0.74

CAGR/Mean DD2.08

EPS (Earnings per Share)

EPS CAGR: 1.68%
EPS Trend: 34.3%

Last SUE: 3.79
Qual. Beats: 1

Revenue

Rev. CAGR: 7.04%
Rev. Trend: 82.1%

Last SUE: 2.69
Qual. Beats: 3

Warnings

Below Avwap Earnings

Tailwinds

Rs Leader

Idiosyncratic Leader

Confidence

Seasonality 11.7 years of data

Jan +1.3% 8

Feb -0.3% 5

Mar -0.6% 15

Apr +5.5% 17

May +0.8% 5

Jun +5.2% 20

Jul +0.2% 10

Aug +0.2% 7

Sep -0.9% 10

Oct -3.6% 16

Nov +8.7% 31

Dec -0.1% 10

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: MTRN Materion

Materion Corporation (NYSE: MTRN) is a U.S.-based producer of advanced engineered materials operating across four segments: Performance Materials, Electronic Materials, Precision Optics, and Other. The company manufactures beryllium and non-beryllium alloys, engineered metal shapes (strip, rod, wire, plate, bar, tube), specialty products such as ToughMet alloys and SupremEX aluminum silicon carbide composites, as well as advanced chemicals, microelectronics packaging, vapor deposition targets, clad pre-forms, high-temperature braze materials, precision thin film coatings, and optical filters. Materion is vertically integrated, operating its own bertrandite ore mine and refinery to supply beryllium feedstock for both internal use and external sale.

The company sells to a diverse set of end markets, including semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and life sciences, through a mix of direct sales offices, service centers, and independent distributors and agents. Founded in 1921 and headquartered in Mayfield Heights, Ohio, Materion was formerly known as Brush Engineered Materials Inc. before adopting its current name in March 2011.

Materion is classified within the Materials sector under the Diversified Metals & Mining sub-industry (GICS). Its business model is notable for combining upstream mining and refining of beryllium with downstream specialty manufacturing, making it one of the few vertically integrated producers of beryllium-based engineered materials globally-a niche capability tied to defense, aerospace, and semiconductor supply chains.

Headlines to Watch Out For

Semiconductor capex cycle lifts Electronic Materials segment revenue
Aerospace and defense demand supports beryllium alloy margins
Precision Optics acquisitions expand thin film coating market share

Piotroski VR-10 (Strict) 4.5

Net Income: 90.1m TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA -2.58 > 1.0
NWC/Revenue: 27.36% < 20% (prev 29.16%; Δ -1.80% < -1%)
CFO/TA 0.06 > 3% & CFO 108.3m > Net Income 90.1m
Net Debt (562.4m) to EBITDA (198.2m): 2.84 < 3
Current Ratio: 2.94 > 1.5 & < 3
Outstanding Shares: last quarter (21.1m) vs 12m ago 1.16% < -2%
Gross Margin: 15.63% > 18% (prev 18.95%; Δ -3.31% > 0.5%)
Asset Turnover: 116.2% > 50% (prev 99.10%; Δ 17.09% > 0%)
Interest Coverage Ratio: 4.38 > 6 (EBIT TTM 125.5m / Interest Expense TTM 28.7m)

Altman Z'' 5.35

A: 0.31 (Total Current Assets 870.0m - Total Current Liabilities 295.8m) / Total Assets 1.87b
B: 0.52 (Retained Earnings 964.5m / Total Assets 1.87b)
C: 0.07 (EBIT TTM 125.5m / Avg Total Assets 1.81b)
D: 1.14 (Book Value of Equity 994.9m / Total Liabilities 875.8m)
Altman-Z'' = 5.35 = AAA

Beneish M -2.64

DSRI: 1.08 (Receivables 260.8m/198.4m, Revenue 2.10b/1.73b)
GMI: 1.21 (GM 18.95% / 15.63%)
AQI: 0.96 (AQ_t 0.22 / AQ_t-1 0.23)
SGI: 1.22 (Revenue 2.10b / 1.73b)
TATA: -0.01 (NI 90.1m - CFO 108.3m) / TA 1.87b)
Beneish M = -2.64 (Cap -4..+1) = A

What is the price of MTRN shares?

As of October 28, 2026, the stock is trading at USD 235.63 with a total of 184,286 shares traded. Over the past week, the price has changed by -1.71%, over one month by -10.06%, over three months by -2.50% and over the past year by +78.85%.

Current recommended Stop Loss: 217.60 (which is 7.7% or 1.2 ATR below the current price).

Is MTRN a buy, sell or hold?

Materion has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy MTRN.

StrongBuy: 3
Buy: 1
Hold: 1
Sell: 0
StrongSell: 0

What are the forecasts/targets for the MTRN price?

Analysts Target Price	303.8	28.9%

Materion (MTRN) - Fundamental Data Overview as of 28 October 2026

Market Cap USD = 4.72b (4.72b USD * 1.0 USD.USD)
P/E Trailing = 52.8089
P/E Forward = 25.7069
P/S = 2.2494
P/B = 4.6293
P/EG = 1.2806
Revenue TTM = 2.10b USD
EBIT TTM = 125.5m USD
EBITDA TTM = 198.2m USD
Long Term Debt = 423.2m USD (from longTermDebt, last quarter)
Short Term Debt = 17.5m USD (from shortTermDebt, last quarter)
Debt = 582.4m USD (from shortLongTermDebtTotal, last quarter) + Leases 70.8m
Net Debt = 562.4m USD (calculated: Debt 582.4m - CCE 20.0m)
Enterprise Value = 5.28b USD (4.72b + Debt 582.4m - CCE 20.0m)
Interest Coverage Ratio = 4.38 (Ebit TTM 125.5m / Interest Expense TTM 28.7m)
EV/FCF = 154.9x (Enterprise Value 5.28b / FCF TTM 34.1m)
FCF Yield = 0.65% (FCF TTM 34.1m / Enterprise Value 5.28b)
FCF Margin = 1.63% (FCF TTM 34.1m / Revenue TTM 2.10b)
Net Margin = 4.29% (Net Income TTM 90.1m / Revenue TTM 2.10b)
Gross Margin = 15.63% ((Revenue TTM 2.10b - Cost of Revenue TTM 1.77b) / Revenue TTM)
Gross Margin QoQ = 17.00% (prev 14.41%)
Tobins Q-Ratio = 2.82 (Enterprise Value 5.28b / Total Assets 1.87b)
Interest Expense / Debt = 4.93% (Interest Expense 28.7m / Debt 582.4m)
Taxrate = 6.95% (6.73m / 96.8m)
NOPAT = 116.8m (EBIT 125.5m * (1 - 6.95%))
Current Ratio = 2.94 (Total Current Assets 870.0m / Total Current Liabilities 295.8m)
Debt / Equity = 0.59 (Debt 582.4m / totalStockholderEquity, last quarter 994.9m)
Debt / EBITDA = 2.84 (Net Debt 562.4m / EBITDA 198.2m)
Debt / FCF = 16.49 (Net Debt 562.4m / FCF TTM 34.1m)
Total Stockholder Equity = 957.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.99% (Net Income 90.1m / Total Assets 1.87b)
RoE = 9.41% (Net Income TTM 90.1m / Total Stockholder Equity 957.4m)
RoCE = 9.09% (EBIT 125.5m / Capital Employed (Equity 957.4m + L.T.Debt 423.2m))
RoIC = 7.43% (NOPAT 116.8m / Invested Capital 1.57b)
WACC = 13.18% (E(4.72b)/V(5.30b) * Re(14.24%) + D(582.4m)/V(5.30b) * Rd(4.93%) * (1-Tc(0.07)))
Discount Rate = 14.24% (= CAPM, Blume Beta Adj.) -> capped to 12.54%
Shares (quarterly) Correlation: 41.83 | Cagr: 0.22%
[DCF] Terminal Value 57.37% ; FCFF base≈51.2m ; Y1≈44.9m ; Y5≈36.2m
[DCF] Fair Price = N/A (negative equity: EV 326.5m - Net Debt 562.4m = -235.9m; debt exceeds intrinsic value)
EPS Correlation: 34.33 | EPS CAGR: 1.68% | SUE: 3.79 | # QB: 1
Revenue Correlation: 82.14 | Revenue CAGR: 7.04% | SUE: 2.69 | # QB: 3
EPS current Quarter (2026-09-30): EPS=1.89 | Chg30d=+0.20% | Revisions=+62% | Analysts=6
EPS current Year (2026-12-31): EPS=7.02 | Chg30d=+0.37% | Revisions=+62% | GrowthEPS=+29.0% | GrowthRev=+33.4%
EPS next Year (2027-12-31): EPS=8.43 | Chg30d=+0.52% | Revisions=+62% | GrowthEPS=+20.1% | GrowthRev=+9.2%
[Analyst] Revisions Ratio: +83% (up=15, down=0)