Mativ Holdings, Inc. (MATV)
NYSE:MATV
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Mativ Holdings
(NYSE:MATV)
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Rating:49Neutral
Price Target:
$8.50
▼(-36.14% Downside)
Action:ReiteratedDate:04/07/26
The score is held down primarily by weak and volatile profitability and elevated leverage, despite solid revenue growth and improving cash generation. Technicals also point to a persistent downtrend. Offsetting factors include a high dividend yield, cautiously improving operational guidance with further cost-savings plans, and refinancing actions that support liquidity and reduce near-term refinancing risk.
Positive Factors
Revenue Growth & Scale
Material top-line growth to nearly $2B and recent double-digit growth demonstrates durable commercial traction across end markets. Scale supports customer qualification cycles, broadens addressable markets, and gives pricing and mix flexibility to absorb cyclical demand swings over a multi-quarter horizon.
Negative Factors
Elevated Leverage
High absolute debt and a weakened equity base limit financial flexibility and increase sensitivity to earnings volatility. Elevated leverage raises interest and covenant risk, forcing prioritization of cash to debt service rather than growth investments until leverage is materially reduced.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Scale
Material top-line growth to nearly $2B and recent double-digit growth demonstrates durable commercial traction across end markets. Scale supports customer qualification cycles, broadens addressable markets, and gives pricing and mix flexibility to absorb cyclical demand swings over a multi-quarter horizon.
Read all positive factors
Mativ Holdings (MATV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$466.15M
Dividend Yield3.26%
Average Volume (3M)483.54K
Price to Earnings (P/E)―
Beta (1Y)1.58
Revenue Growth0.39%
EPS Growth-505.56%
CountryUS
Employees5,100
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)0.15
Shares Outstanding54,777,042
10 Day Avg. Volume576,796
30 Day Avg. Volume483,538
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.33
Price to Sales (P/S)0.33
P/FCF Ratio7.07
Enterprise Value/Market Cap3.23
Enterprise Value/Revenue0.76
Enterprise Value/Gross Profit4.34
Enterprise Value/Ebitda8.80
Forecast
1Y Price Target
$18.25Price Target Upside37.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.97
Revenue Forecast (FY)$2.02B
Mativ Holdings Business Overview & Revenue Model
Company Description
Mativ Holdings, Inc. operates as a performance materials company. The company operates through two segments, Advanced Materials & Structures (AMS), and Engineered Papers (EP). The AMS segment manufactures resin-based rolled goods, such as nets, fi...
How the Company Makes Money
Mativ primarily makes money by manufacturing and selling specialty materials to business customers (B2B). Revenue is generated through: (1) Sales of engineered substrates and components: The company produces nonwovens, specialty papers, and relate...
Mativ Holdings Earnings Call Summary
Earnings Call Date:Feb 18, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
The call presents a constructive operational and financial progress narrative: management delivered record free cash flow, expanded margins and meaningful cost savings while FAM posted strong segment-level growth. However, persistent soft end-market demand (notably in SAS and Europe), expected raw material cost inflation (~$20–$25M) and a still-elevated leverage ratio (4.2x) temper the outlook. Management articulated clear levers — pricing discipline, additional cost savings ($15–$20M in 2026), inventory and capex control, and pipeline commercialization — which support confidence in continued improvement. On balance, the positives (cash generation, margin expansion, FAM momentum and realized savings) modestly outweigh the headwinds, but execution against projected savings and pricing to offset input-cost inflation will be critical.Positive Updates
Record Free Cash Flow and Cash Generation
Generated record free cash flow of $94 million in 2025, an increase of nearly 140% year-over-year, driven by operating cash flow of ~$134 million (up >40%), inventory reduction and disciplined CapEx ($40 million in 2025).
Negative Updates
SAS Volume Weakness and European Pressure
SAS experienced lower-than-expected volumes in labels, automotive tapes and release liners (particularly in Europe). Q4 SAS net sales of $285 million were largely flat organically and down roughly $5 million reported versus prior year.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Free Cash Flow and Cash Generation
Generated record free cash flow of $94 million in 2025, an increase of nearly 140% year-over-year, driven by operating cash flow of ~$134 million (up >40%), inventory reduction and disciplined CapEx ($40 million in 2025).
Read all positive updates
Company Guidance
The company guided to Q1 2026 adjusted EBITDA growth of roughly 15%–20% year‑over‑year despite soft demand and only low single‑digit volume growth, and outlined full‑year assumptions including $45 million of capital expenditures (about 50/50 growth vs. efficiency), $15–20 million of incremental Wave 2 cost savings, $5–10 million of one‑time cash costs to fund savings, a $10 million working‑capital investment, combined depreciation/amortization/stock‑based comp of ~$90 million, interest expense of roughly $74 million, and $8 million of annual fees for the A/R securitization facility; management also expects a $20–25 million raw‑material cost headwind (weighted to H2), anticipates free cash flow modestly below 2025’s record $94 million to fund growth, and plans to make further progress toward a target net‑leverage range of 2.5–3.5x (expecting to finish 2026 in the mid‑to‑high 3s).Mativ Holdings Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
30
Negative
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.99B | 1.98B | 2.03B | 1.64B | 930.70M |
| Gross Profit | 299.70M | 364.10M | 355.80M | 306.00M | 183.20M |
| EBITDA | -249.50M | 139.60M | -270.90M | 70.70M | 81.00M |
| Net Income | -337.40M | -48.70M | -309.50M | -6.60M | 88.90M |
Balance Sheet | |||||
| Total Assets | 2.05B | 2.45B | 2.64B | 3.67B | 2.42B |
| Cash, Cash Equivalents and Short-Term Investments | 84.20M | 94.30M | 120.20M | 101.10M | 74.70M |
| Total Debt | 1.12B | 1.15B | 1.17B | 1.74B | 1.30B |
| Total Liabilities | 1.55B | 1.59B | 1.69B | 2.49B | 1.74B |
| Stockholders Equity | 498.70M | 858.50M | 949.10M | 1.18B | 682.20M |
Cash Flow | |||||
| Free Cash Flow | 93.80M | 39.20M | 40.20M | 142.60M | 19.20M |
| Operating Cash Flow | 133.80M | 94.80M | 106.60M | 202.20M | 58.10M |
| Investing Cash Flow | -37.00M | -56.70M | 547.20M | -481.30M | -636.50M |
| Financing Cash Flow | -106.70M | -55.90M | -662.90M | 331.60M | 599.90M |
Mativ Holdings Technical Analysis
Negative
13.31
Price Trends
10.61
Negative
11.47
Negative
10.69
Negative
Market Momentum
-0.54
Negative
37.68
Neutral
39.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MATV, the sentiment is Negative. The current price of 13.31 is above the 20-day moving average (MA) of 8.56, above the 50-day MA of 10.61, and above the 200-day MA of 10.69, indicating a bearish trend. The MACD of -0.54 indicates Negative momentum. The RSI at 37.68 is Neutral, neither overbought nor oversold. The STOCH value of 39.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MATV.
Mativ Holdings Risk Analysis
Mativ Holdings disclosed 32 risk factors in its most recent earnings report. Mativ Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Mativ Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $5.42B | 18.57 | 9.23% | 1.53% | -3.90% | -25.97% | |
67 Neutral | $11.79B | 4.81 | 31.48% | 1.96% | 6.65% | 47.88% | |
64 Neutral | $5.31B | 38.72 | 8.46% | 1.37% | -3.26% | -46.80% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | $466.15M | -1.97 | -77.52% | 3.26% | 0.39% | -505.56% | |
44 Neutral | $238.65M | 1.93 | -2.50% | ― | -21.76% | -1214.73% | |
44 Neutral | $75.02M | -0.27 | -151.86% | 10.77% | -5.85% | 9.13% |
* Basic Materials Sector Average
MATV
Mativ Holdings
8.51
3.87
83.44%
CLW
Clearwater Paper
14.88
-9.65
-39.34%
LPX
Louisiana-Pacific
74.79
-10.47
-12.28%
MERC
Mercer International
1.12
-3.96
-77.95%
UFPI
UFP Industries
95.49
-9.42
-8.98%
SUZ
Suzano Papel e Celulose SA
9.40
0.73
8.44%
Mativ Holdings Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Mativ Holdings Refinances and Restructures Multicurrency Credit Facilities
Positive
Apr 6, 2026
On April 3, 2026, Mativ Holdings, Inc. refinanced and restructured its existing credit facilities by entering into a ninth amendment to its multicurrency credit agreement, creating an aggregate of about $894.9 million in revolving and term loan co...
Executive/Board Changes
Mativ Holdings Announces Resignation of Group President Elwart
Neutral
Apr 2, 2026
Mativ Holdings, Inc. disclosed that its Group President, Ryan Elwart, tendered his resignation on March 30, 2026, with an effective departure date of April 27, 2026. The leadership change signals an upcoming transition in the company’s senio...
Business Operations and StrategyFinancial Disclosures
Mativ Highlights Growth Strategy and Portfolio Shift Post-Synergies
Positive
Mar 25, 2026
Mativ reported trailing twelve‑month revenue of $2.0 billion and adjusted EBITDA of $225 million as of the fourth quarter of fiscal 2025, with about 5,000 employees and sales across the Americas, EMEA and APAC. Its portfolio is split between...
Executive/Board Changes
Mativ Holdings Updates CEO Compensation and Severance Terms
Neutral
Feb 11, 2026
On February 6, 2026, Mativ Holdings’ Compensation Committee approved an amendment to the March 11, 2025 offer letter for President and Chief Executive Officer Shruti Singhal, effective January 1, 2026, setting his annual base salary at $950,...
Executive/Board ChangesRegulatory Filings and Compliance
Mativ Holdings Finalizes Separation Agreement with Former CFO
Neutral
Jan 14, 2026
Mativ Holdings, Inc. reported that its former Chief Financial Officer, Gregory Weitzel, whose departure was announced in a December 16, 2025 filing and became effective December 31, 2025, has formally entered into a separation agreement with the c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.