Johnson Matthey (JMAT) AI Stock Analysis

• Market Cap: £3.10B
• Dividend Yield: 5.94%
• Average Volume (3M): 922.24K
• Price to Earnings (P/E): 8.8
• Beta (1Y): 1.42
• Revenue Growth: -9.10%
• EPS Growth: 239.75%
• Country: UK
• Employees: 11,685
• Sector: Basic Materials
• Sector Strength: 73
• Industry: Chemicals - Specialty
• EPS (TTM): 0.92
• Shares Outstanding: 167,838,790
• 10 Day Avg. Volume: 573,744
• 30 Day Avg. Volume: 922,236
• PEG Ratio: -0.27
• Price to Book (P/B): 1.36
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 46.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £1,897.00
• Price Target Upside: 1.17% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 75 Outperform
• Price Target: 20.50p ▼(-98.91%Downside)

Johnson Matthey's overall stock score is driven by its strong technical indicators and attractive valuation, despite mixed financial performance. The strategic actions and corporate events reinforce investor confidence, while potential risks are noted in cash flow challenges and market volatility.

Johnson Matthey Business Overview & Revenue Model

Company Description

Johnson Matthey Plc engages in the clean air, catalyst and hydrogen technology, and platinum group metals (PGM) service businesses in the United Kingdom, Germany, rest of Europe, the United States, rest of North America, China and Hong Kong, rest of Asia, and internationally. It operates through three segments: Clean Air, Efficient Natural Resources, and Other Markets. The Clean Air segment provides catalysts for emission control after-treatment systems to remove harmful emissions from vehicles, as well as cars, other light duty vehicles, trucks, buses, and non-road equipment powered by diesel and gasoline. The Efficient Natural Resources segment provides products and processing services for the use and transformation of critical natural resources including oil, gas, biomass, and platinum group metals; and circular economy solutions. This segment also offers specialty catalysts and additives; process technology and engineering design licenses; platinum group metal refining and recycling services, and chemical and industrial products; and other precious metal services. The Other Markets segment business portfolio includes precious metal pastes and enamels, battery systems, fuel cell technologies, battery materials, and green hydrogen; science and technology to develop the products for devices used in medical procedures; and detection, diagnostic, and measurement solutions. The company was formerly known as Johnson & Cock and changed its name to Johnson Matthey Plc in 1851. Johnson Matthey Plc was founded in 1817 and is based in London, the United Kingdom.

How the Company Makes Money

Johnson Matthey makes money primarily through the sale of its advanced materials and technology solutions across multiple industries. The company's key revenue streams include the production and sale of emission control catalysts used in automotive and industrial applications to reduce harmful emissions. Additionally, it generates revenue from its precious metal products and services, which involve refining, recycling, and trading precious metals like platinum, palladium, and rhodium. Johnson Matthey also earns from its process technologies division, providing licensing and engineering services to chemical and energy companies. Significant partnerships with automotive manufacturers and industrial clients, along with ongoing investments in sustainable technologies, further contribute to its earnings.

Johnson Matthey Financial Statement Overview

Summary

Johnson Matthey shows a mixed financial performance with improved profitability and leverage ratios in 2025, indicating better operational efficiency and financial stability. However, challenges include declining revenues, lower EBITDA margins, and weakened cash flow generation.

Income Statement

Johnson Matthey shows a mixed performance in its income statement. The company has experienced fluctuating revenue levels, with a notable decline in revenue from 2024 to 2025. Gross profit margin remains relatively stable, but the net profit margin has improved significantly in 2025 due to a higher net income. The EBIT margin increased in 2025, suggesting better operational efficiency. However, the EBITDA margin is lower than in past years due to a reduced EBITDA, indicating potential challenges in managing operational costs.

Balance Sheet

The balance sheet reveals a strong equity position with a stable stockholders' equity and a favorable equity ratio. The debt-to-equity ratio shows a moderate level of leverage, which decreased in 2025, reflecting improved financial stability. The return on equity has improved significantly in 2025, indicating effective use of equity to generate profit. However, the total assets have decreased over the years, which could limit growth opportunities.

Cash Flow

Cash flow analysis shows some concerns. Operating cash flow has decreased significantly in 2025, highlighting potential issues in core operations. Free cash flow has also declined sharply, posing liquidity challenges. The free cash flow to net income ratio is low, indicating limited conversion of net income into free cash. These trends may affect the company's ability to invest and grow in the future.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	11.67B	12.84B	14.93B	16.02B	15.44B
Gross Profit	899.00M	898.00M	989.00M	1.05B	944.00M
EBITDA	802.00M	491.00M	622.00M	454.00M	544.00M
Net Income	373.00M	108.00M	276.00M	-101.00M	205.00M
Balance Sheet
Total Assets	6.19B	6.34B	7.03B	6.67B	7.74B
Cash, Cash Equivalents and Short-Term Investments	898.00M	542.00M	697.00M	418.00M	625.00M
Total Debt	1.70B	1.49B	1.67B	1.25B	1.38B
Total Liabilities	3.90B	3.96B	4.49B	4.22B	5.06B
Stockholders Equity	2.29B	2.38B	2.54B	2.44B	2.69B
Cash Flow
Free Cash Flow	8.00M	224.00M	-91.00M	73.00M	295.00M
Operating Cash Flow	381.00M	592.00M	225.00M	526.00M	676.00M
Investing Cash Flow	297.00M	-255.00M	-129.00M	-292.00M	-357.00M
Financing Cash Flow	-333.00M	-439.00M	191.00M	-439.00M	-43.00M

Johnson Matthey Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1875.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:JMAT, the sentiment is Positive. The current price of 1875 is above the 20-day moving average (MA) of 1763.75, above the 50-day MA of 1601.40, and above the 200-day MA of 1418.35, indicating a bullish trend. The MACD of 67.84 indicates Negative momentum. The RSI at 77.09 is Negative, neither overbought nor oversold. The STOCH value of 94.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:JMAT.

Johnson Matthey Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JMAT	75 Outperform	£3.10B	8.85	15.96%	5.94%	-9.10%	239.75%
Sector *	70 Outperform	¥175.99B	11.22	6.29%	3.46%	3.94%	5.74%
VCT	66 Neutral	£626.23M	21.08	6.65%	8.27%	4.75%	-3.29%
CRDA	65 Neutral	£4.20B	26.95	6.84%	3.12%	-3.92%	-7.30%
ZTF	64 Neutral	£149.29M	14.46	-2.45%	1.67%	16.39%	-129.71%
ELM	61 Neutral	£997.59M	―	-5.93%	1.49%	0.71%	-274.39%
SYNT	52 Neutral	£153.91M	―	-6.25%	―	0.81%	15.63%

Johnson Matthey Corporate Events

Johnson Matthey Announces Change in Voting Rights Held by Ameriprise Financial

Johnson Matthey Plc has announced a change in the voting rights held by Ameriprise Financial, Inc., which now holds 4.997% of the company’s voting rights, down from a previous 5.026%. This adjustment in holdings reflects a slight reduction in Ameriprise’s stake, potentially impacting its influence within the company and signaling a shift in shareholder dynamics.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

BlackRock Increases Stake in Johnson Matthey to 5%

Johnson Matthey Plc has announced that BlackRock, Inc. has increased its voting rights in the company to 5%, crossing a significant threshold. This change in shareholding could impact the company’s strategic decisions and influence its market positioning, reflecting BlackRock’s confidence in Johnson Matthey’s future prospects.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey Executives Acquire Shares to Align Interests with Shareholders

Johnson Matthey Plc has announced the monthly acquisition of shares by several key executives, including the CEO and other senior leaders, through the company’s Share Incentive Plan. This move underscores the company’s commitment to aligning management interests with those of shareholders, potentially enhancing stakeholder confidence and solidifying its position in the market.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey Announces Change in Major Shareholder Voting Rights

Johnson Matthey Plc announced a change in major holdings with Ameriprise Financial, Inc. increasing its voting rights to 5.026% as of June 13, 2025. This adjustment in voting rights, facilitated through proxy voting shares, reflects a strategic shift in shareholder influence, potentially impacting future corporate governance and decision-making processes within Johnson Matthey.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey’s 2025 Annual Report Highlights Strategic Focus and Transformation

Johnson Matthey has published its Annual Report for 2025, highlighting its strategic focus on Clean Air and PGM Services. The company has undergone a transformation program, resulting in significant divestments and cost savings, positioning itself as a leaner, more efficient entity. Despite challenges in the global energy transition, Johnson Matthey remains committed to enhancing shareholder value through operational excellence and strategic partnerships, with a focus on core competencies and sustainable growth.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey Reports 2025 Financial Results Highlighting Strategic Financial Movements

Johnson Matthey has released its final audited results for the year ending March 31, 2025. The report highlights significant movements in assets and liabilities from financing activities, including non-cash movements and net cash outflows. The company has also detailed its purchase of treasury shares, dividends paid to equity shareholders, and interest paid, indicating a net cash outflow from financing activities of £333 million. These financial movements reflect the company’s strategic decisions and their impact on its financial health and stakeholder interests.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey Sees Change in Major Holdings by Bank of America

Johnson Matthey Plc has been notified of a change in major holdings by Bank of America Corporation, which has adjusted its voting rights through financial instruments. This change reflects a decrease in Bank of America’s total voting rights in Johnson Matthey, potentially impacting the company’s shareholder dynamics and market perception.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey Announces Change in Major Holdings

Johnson Matthey Plc has announced a change in its major holdings, with Bank of America Corporation adjusting its financial instrument holdings in the company. This adjustment reflects a decrease in the percentage of voting rights held by Bank of America, potentially impacting the company’s shareholder dynamics and influencing future corporate decisions.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £1380.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey Announces Change in Major Holdings

Johnson Matthey Plc has announced a change in the holdings of its voting rights, with Bank of America Corporation reducing its stake through financial instruments. This adjustment in holdings, which was officially notified on June 5, 2025, reflects a decrease in Bank of America’s voting rights from 5.959377% to 4.032737%. This shift could influence the company’s shareholder dynamics and potentially impact its strategic decisions.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £1380.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey Sees Change in Major Shareholder Holdings

Johnson Matthey Plc has been notified of a change in major holdings by Standard Latitude Master Fund Ltd., which now holds a total of 9.518065% of voting rights in the company. This change reflects a decrease from a previous total of 10.910501%, indicating a disposal of financial instruments. The adjustment in holdings could impact the company’s shareholder dynamics and influence future strategic decisions.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey Faces Shareholder Structure Shift

Johnson Matthey Plc has been notified of a significant change in its shareholder structure, as Bank of America Corporation has adjusted its holdings. The adjustment involves a reduction in the percentage of voting rights held through financial instruments, which could impact the company’s governance and influence within the market.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Bank of America Increases Stake in Johnson Matthey

Johnson Matthey Plc has announced a significant change in its shareholder structure, with Bank of America Corporation crossing a major threshold in its holdings. This acquisition or disposal of financial instruments has resulted in Bank of America holding a total of 11.657777% of voting rights in Johnson Matthey, which could influence the company’s strategic decisions and impact its market positioning.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey Announces Change in Major Holdings

Johnson Matthey Plc has announced a change in its major holdings, with Standard Latitude Master Fund Ltd. acquiring or disposing of financial instruments, leading to a total voting rights position of 10.91%. This adjustment in holdings reflects a strategic financial maneuver that could influence the company’s market dynamics and stakeholder interests.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey Announces Change in Major Shareholder Voting Rights

Johnson Matthey Plc has announced a change in the voting rights held by Bank of America Corporation, which now holds 12.484663% of the company’s voting rights through various financial instruments. This adjustment in holdings may influence the company’s governance and decision-making processes, reflecting a significant stake by a major financial institution.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey’s Shareholder Structure Sees Significant Change

Johnson Matthey Plc has been notified of a significant change in its shareholder structure due to an acquisition or disposal of financial instruments by Bank of America Corporation. The notification indicates that Bank of America now holds a total of 13.065821% of voting rights in Johnson Matthey, reflecting a slight decrease from the previous position. This shift in holdings could impact Johnson Matthey’s market positioning and influence within its industry, potentially affecting strategic decisions and stakeholder interests.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey Sees Significant Shareholding Change by Bank of America

Johnson Matthey Plc has been notified of a significant change in the holdings of its shares by Bank of America Corporation, which now holds 13.248766% of the voting rights. This change in shareholding may influence the company’s strategic decisions and impact its market positioning, reflecting the dynamic nature of shareholder interests.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey Executives Acquire Shares to Align Interests with Shareholders

Johnson Matthey Plc has announced the monthly acquisition of shares by several key executives, including the CEO and other senior leaders, through the company’s Share Incentive Plan. This move reflects the company’s ongoing commitment to aligning the interests of its leadership with those of its shareholders, potentially impacting stakeholder confidence and reinforcing the company’s strategic focus on sustainable growth.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey’s Major Holdings Shift with Bank of America

Johnson Matthey Plc announced a change in major holdings following Bank of America Corporation’s acquisition or disposal of financial instruments, resulting in a total voting rights percentage of 13.165910%. This adjustment in holdings reflects a strategic financial maneuver by Bank of America, potentially influencing Johnson Matthey’s market dynamics and stakeholder interests.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey Sells Catalyst Technologies to Honeywell, Boosts Shareholder Returns

Johnson Matthey has announced the sale of its Catalyst Technologies business to Honeywell International Inc. for £1.8 billion, aiming to streamline operations and enhance shareholder value. The company’s full-year results showed resilience against market challenges, with plans to increase cash returns to shareholders and focus on growth in clean air and hydrogen technologies.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Ameriprise Financial Adjusts Stake in Johnson Matthey

Ameriprise Financial, Inc. has reduced its voting rights in Johnson Matthey Plc to 4.977% as of May 16, 2025, down from a previous position of 5.071%. This change in holdings reflects a minor adjustment in Ameriprise’s investment strategy, potentially impacting its influence in the company’s decision-making processes.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Bank of America Adjusts Stake in Johnson Matthey

Johnson Matthey Plc has announced a change in the voting rights held by Bank of America Corporation, which now holds a total of 13.122844% voting rights in the company. This adjustment in holdings could influence the company’s strategic decisions and impact its market positioning, reflecting Bank of America’s significant stake in Johnson Matthey’s operations.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey Sees Major Shareholding Shift with Bank of America

Johnson Matthey Plc has announced a significant change in its shareholder structure, with Bank of America Corporation crossing a major threshold in its holdings. This development reflects a shift in financial instruments and voting rights, potentially impacting the company’s governance and market dynamics.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Johnson Matthey Announces Change in Major Holdings

Johnson Matthey Plc has announced a change in the holdings of Bank of America Corporation, which now holds a 12.71% voting rights position in the company. This adjustment in financial instruments and voting rights could influence the company’s shareholder dynamics and potentially impact its strategic decisions.

The most recent analyst rating on (GB:JMAT) stock is a Hold with a £17.00 price target. To see the full list of analyst forecasts on Johnson Matthey stock, see the GB:JMAT Stock Forecast page.

Bank of America Increases Stake in Johnson Matthey

Johnson Matthey Plc has been notified of a significant change in holdings by Bank of America Corporation, which now holds a total of 13.436488% of voting rights in the company. This adjustment in financial instruments and voting rights may influence Johnson Matthey’s strategic decisions and stakeholder interests, reflecting a notable shift in its shareholder structure.

Johnson Matthey’s Shareholder Structure Sees Major Shift

Johnson Matthey Plc has announced a significant change in its shareholder structure, with Bank of America Corporation crossing a new threshold in its holdings. This change, involving a combination of direct voting rights and financial instruments, reflects a strategic shift that may influence the company’s governance and market dynamics.

Johnson Matthey’s Major Holdings Change: Bank of America Increases Stake

Johnson Matthey Plc has been notified of a change in major holdings by Bank of America Corporation, which now holds 12.576930% of the voting rights. This adjustment in holdings could influence Johnson Matthey’s strategic decisions and market dynamics, potentially impacting stakeholders and the company’s industry positioning.

Johnson Matthey Executives Acquire Shares via Incentive Plan

Johnson Matthey Plc announced the monthly acquisition of shares by its key executives through the company’s Share Incentive Plan. This transaction, conducted on the London Stock Exchange, reflects the company’s commitment to aligning management interests with shareholder value, potentially strengthening stakeholder confidence in its strategic direction.