Maytronics (MTRN) AI Stock Analysis

• Market Cap: ₪393.86M
• Dividend Yield: 9.81%
• Average Volume (3M): 156.46K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.33
• Revenue Growth: -14.49%
• EPS Growth: -398.74%
• Country: IL
• Employees: 1,193
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Consumer Electronics
• EPS (TTM): -36.70
• Shares Outstanding: 109,741,760
• 10 Day Avg. Volume: 126,196
• 30 Day Avg. Volume: 156,459
• PEG Ratio: 0.24
• Price to Book (P/B): 1.55
• Price to Sales (P/S): 0.63
• P/FCF Ratio: 28.18
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: 361.00 ▼(-9.39% Downside)

The overall stock score is primarily influenced by financial performance challenges, including declining revenue and high leverage. Technical analysis indicates a bearish trend, and valuation metrics suggest the stock is undervalued but risky due to negative earnings. Strong cash flow growth offers a potential recovery path, but strategic improvements are necessary.

Positive Factors

Free cash flow improvement

A large TTM free cash flow increase indicates the company is converting operations into cash despite net losses. Persistent cash generation provides runway to pay down debt, fund R&D or marketing, and support restructuring initiatives—improving resilience over coming quarters.

Recognized product franchise (Dolphin)

A strong branded product and installed base create durable competitive advantages: recurring demand for consumables, replacement parts and services tends to be higher-margin and more stable than one-time equipment sales, supporting margin recovery and lifetime customer value.

Multi-channel, multi-geography distribution

A diversified distribution network and geographic footprint reduces customer concentration and seasonality exposure, enables faster product rollouts, and supports aftermarket sales growth. This structural reach helps sustain revenue and margins across cycles and markets.

Negative Factors

Declining revenue and negative margins

Sustained revenue decline and negative operating profitability indicate structural demand or cost issues. Loss-making operations erode equity and reduce resources for product investment or marketing, making market-share recovery and long-term margin normalization more difficult without clear strategic shifts.

High financial leverage

Elevated leverage limits strategic flexibility: higher interest costs and refinancing risk constrain investment in growth initiatives and make the company vulnerable during seasonal troughs. High debt amplifies downside in cyclical demand and slows deleveraging progress.

Seasonal, volatile revenue profile

Heavy seasonality and reliance on initial equipment sales create volatile top-line and margin swings year-to-year. Combined with recent negative revenue growth, this makes cashflows and planning less predictable, complicating sustained margin recovery and long-term operational scaling.

Maytronics Business Overview & Revenue Model

Company Description

Maytronics Ltd. engages in the development, production, marketing, distribution, and technical support of swimming pool equipment in Israel, North America, Europe, Oceania, and internationally. It offers robotic pool cleaners for residential and commercial pools under the Dolphin name; and pool alarms, a swimming pool safety alarm system under the Aqualarm, Sensor Premium, and Sensor Espio names. The company also provides pool covers, including above water, in water, and solar operated mechanisms under the AQUAlife name; water-powered motor for pool covers; and computer-aided drowning detection systems. In addition, it offers in and above ground solar pool heaters; and swimming pool glass filter media, as well as other supplementary products for the swimming pool water treatment. The company sells its products through distributors. The company was founded in 1983 and is headquartered in Jezreel Valley, Israel. Maytronics Ltd. is a subsidiary of Kibbutz Yizre'el Holdings 2004 ACS Ltd.

How the Company Makes Money

Maytronics generates revenue primarily through the sale of its robotic pool cleaners and related accessories. The company's revenue model is based on direct sales to consumers, as well as distribution through a network of dealers and retailers across various international markets. Key revenue streams include the initial sale of robotic cleaners, replacement parts, and additional products such as pool covers and maintenance tools. Additionally, Maytronics benefits from after-sales services, warranty extensions, and potential subscription models for software updates and maintenance. Significant partnerships with pool retailers and service companies enhance its market reach and contribute to sustained earnings growth.

Maytronics Financial Statement Overview

Summary

Maytronics faces challenges with declining revenue and profitability, as evidenced by negative margins and inconsistent growth. The balance sheet reveals high leverage, which could pose risks if not managed carefully. On a positive note, the company has demonstrated strong cash flow growth, which may provide a foundation for recovery.

Income Statement

Maytronics has experienced a significant decline in revenue and profitability over recent periods. The TTM data shows a negative net profit margin of -6.37% and a negative EBIT margin, indicating operational challenges. The gross profit margin has decreased from previous years, reflecting increased cost pressures. Revenue growth has been inconsistent, with a notable decline in the most recent annual report. These factors suggest a need for strategic adjustments to improve financial performance.

Balance Sheet

The company's balance sheet shows a high debt-to-equity ratio of 1.42 in the TTM period, indicating significant leverage. Return on equity has turned negative, reflecting recent losses. However, the equity ratio remains stable, suggesting a reasonable proportion of equity financing. The high leverage poses a risk, but the company maintains a solid asset base.

Cash Flow

Maytronics has shown strong free cash flow growth in the TTM period, with a 282.42% increase, indicating improved cash generation capabilities. The operating cash flow to net income ratio is positive, suggesting effective cash management despite net losses. However, the free cash flow to net income ratio indicates that a significant portion of cash flow is being used to cover losses, highlighting the need for improved profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.44B	1.63B	1.89B	1.79B	1.41B	1.08B
Gross Profit	452.27M	586.16M	789.92M	718.31M	593.26M	451.35M
EBITDA	81.85M	142.23M	336.20M	354.17M	345.63M	248.28M
Net Income	-111.66M	-34.15M	148.25M	218.30M	224.01M	154.28M
Balance Sheet
Total Assets	1.84B	2.09B	2.18B	2.09B	1.44B	1.07B
Cash, Cash Equivalents and Short-Term Investments	142.89M	104.67M	148.76M	138.51M	257.40M	244.82M
Total Debt	848.63M	1.05B	995.82M	876.64M	458.20M	290.16M
Total Liabilities	1.15B	1.37B	1.34B	1.35B	850.42M	582.92M
Stockholders Equity	628.91M	660.96M	758.22M	674.08M	547.06M	451.49M
Cash Flow
Free Cash Flow	199.09M	36.39M	53.84M	-334.12M	39.29M	175.89M
Operating Cash Flow	263.90M	129.54M	164.38M	-216.75M	131.84M	244.99M
Investing Cash Flow	-98.09M	-129.19M	-133.88M	-130.63M	-108.56M	-78.72M
Financing Cash Flow	-146.58M	-49.79M	-25.41M	217.40M	11.20M	-12.02M

Maytronics Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 398.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:MTRN, the sentiment is Negative. The current price of 398.4 is above the 20-day moving average (MA) of 373.44, below the 50-day MA of 399.25, and below the 200-day MA of 430.10, indicating a bearish trend. The MACD of -10.51 indicates Positive momentum. The RSI at 36.05 is Neutral, neither overbought nor oversold. The STOCH value of 20.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IL:MTRN.

Maytronics Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NTO	72 Outperform	₪972.44M	13.02	―	―	8.20%	-12.69%
HLMS	67 Neutral	₪703.18M	20.82	―	5.30%	7.70%	-34.56%
CAST	66 Neutral	₪1.21B	11.39	―	22.30%	9.88%	-2.72%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
GLRS	56 Neutral	₪562.73M	8.95	―	6.97%	―	―
MTRN	49 Neutral	₪393.86M	-3.53	―	9.81%	-14.49%	-398.74%
TDRN	47 Neutral	₪1.33B	-23.98	―	0.76%	1.87%	-227.03%