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Morgan Advanced Materials PLC (GB:MGAM)
LSE:MGAM
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Morgan Advanced Materials (MGAM) Price & Analysis

34 Followers

MGAM Stock Chart & Stats

223.50 p
0.00 p(0.00%)
At close: 4:00 PM EST
223.50 p
0.00 p(0.00%)

Bulls Say, Bears Say

Bulls Say
Cash GenerationOperating cash flow recovered to ~£120.6m in 2025 and free cash flow rebounded strongly (~£53.5m), providing durable internal funding. This improves capacity to service debt, fund targeted capex/ERP spend and maintain the dividend through cyclical downturns, reducing refinancing risk.
High‑value End‑market ExposureOutperformance in Technical Ceramics—notably Aerospace & Defense (+22%) with an 11.5% margin—demonstrates structural exposure to higher growth, higher‑margin markets. This diversification into aerospace and defence supports more stable margins and de-risks reliance on cyclic industrial end markets over the medium term.
Pricing & Transformation LeversThe company has repeatedly delivered pricing to offset input inflation and captured simplification efficiencies (c.1.7pp in 2025) with implemented savings ~£35m to date and ongoing net transform benefits planned. These structural levers support sustainable margin recovery and a path to higher through‑cycle profitability.
Bears Say
Revenue Decline & VolatilityTop‑line has shown recent weakness and volatility, with 2025 revenue contraction and semiconductor exposure accounting for a material portion of the decline. Persistent demand softness in key end markets and volume mix swings increase execution risk for margin recovery and constrain sustainable earnings growth absent market improvement.
Elevated Leverage & Rising Finance CostsLeverage remains meaningfully above the company's preferred range, and expiry of lower‑cost fixed debt pushes net finance charges higher. Elevated leverage limits strategic flexibility, increases sensitivity to profit swings, and constrains ability to invest or accelerate buybacks/dividend growth until leverage is sustainably reduced.
Underperforming Thermal ProductsThermal Products is lower growth and margin‑challenged, prompting a strategic review and possible disposal. That creates execution and earnings risk: if retained it may drag group margins and returns; if sold, the company may lose recurring revenue and require redeployment of proceeds to offset earnings impact.

Morgan Advanced Materials News

MGAM FAQ

What was Morgan Advanced Materials PLC’s price range in the past 12 months?
Morgan Advanced Materials PLC lowest share price was 167.00 p and its highest was 251.50 p in the past 12 months.
    What is Morgan Advanced Materials PLC’s market cap?
    Morgan Advanced Materials PLC’s market cap is £599.82M.
      When is Morgan Advanced Materials PLC’s upcoming earnings report date?
      Morgan Advanced Materials PLC’s upcoming earnings report date is Jul 24, 2026 which is in 23 days.
        How were Morgan Advanced Materials PLC’s earnings last quarter?
        Morgan Advanced Materials PLC released its earnings results on Mar 03, 2026. The company reported 0.112 p earnings per share for the quarter, the consensus estimate of 0.112 p by 0 p.
          Is Morgan Advanced Materials PLC overvalued?
          According to Wall Street analysts Morgan Advanced Materials PLC’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Morgan Advanced Materials PLC pay dividends?
            Morgan Advanced Materials PLC pays a Semiannually dividend of 0.068 p which represents an annual dividend yield of 4.87%. See more information on Morgan Advanced Materials PLC dividends here
              What is Morgan Advanced Materials PLC’s EPS estimate?
              Morgan Advanced Materials PLC’s EPS estimate for its next earnings report is not yet available.
              How many shares outstanding does Morgan Advanced Materials PLC have?
              Morgan Advanced Materials PLC has 276,676,420 shares outstanding.
                What happened to Morgan Advanced Materials PLC’s price movement after its last earnings report?
                Morgan Advanced Materials PLC reported an EPS of 0.112 p in its last earnings report, expectations of 0.112 p. Following the earnings report the stock price went down -13.704%.
                  Which hedge fund is a major shareholder of Morgan Advanced Materials PLC?
                  Currently, no hedge funds are holding shares in GB:MGAM
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Morgan Advanced Materials PLC

                    Morgan Advanced Materials plc is a UK-based global leader in materials science and advanced engineering solutions. The company develops and manufactures a diverse portfolio of high-performance products. Its extensive range encompasses thermal management solutions, including insulating fibers, microporous materials, various firebricks, monolithic structures, heat shields, and fired refractory shapes. They also provide specialized crucibles, foundry supplies, and comprehensive furnace components for diverse industrial applications. Furthermore, Morgan Advanced Materials offers precision-engineered seals and bearings, from face seals and segmented designs to sliding bearings and components for rotary pumps and valves. Their expertise extends to a suite of carbon-based electrical components, such as brushes, collectors, slip rings, and current collection strips, alongside brush holders and diagnostic tools. The company is also a key provider of advanced ceramic solutions, spanning intricate components, ceramic cores, brazed and metallized assemblies, and specialized products for mass spectrometry, semiconductors, and medical applications; this includes tubes, laboratory porcelain, and kiln furniture, some marketed under the Haldenwanger brand. These highly engineered materials serve a wide array of critical sectors, such as industrial manufacturing, transportation, energy, petrochemicals, electronics, healthcare, and defense. With a robust global presence, Morgan Advanced Materials operates across the Americas (including the United States and other North American countries), Europe (including the United Kingdom, Germany, France, and other European countries), Asia (including China and other Asian countries), Australasia, the Middle East, and Africa. Founded in Windsor, UK, in 1856 as The Morgan Crucible Company plc, the company adopted its current name, Morgan Advanced Materials plc, in March 2013.

                    Morgan Advanced Materials (MGAM) Earnings & Revenues

                    MGAM Stock 12 Month Forecast

                    Average Price Target

                    230.00 p
                    ▲(2.91% Upside)
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