Matthews International (MATW) AI Stock Analysis

• Market Cap: $804.39M
• Dividend Yield: 3.87%
• Average Volume (3M): 276.42K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.01
• Revenue Growth: -16.60%
• EPS Growth: 58.86%
• Country: US
• Employees: 11,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): 0.50
• Shares Outstanding: 30,795,843
• 10 Day Avg. Volume: 237,898
• 30 Day Avg. Volume: 276,418
• PEG Ratio: 0.52
• Price to Book (P/B): 1.56
• Price to Sales (P/S): 0.50
• P/FCF Ratio: -12.67
• Enterprise Value/Market Cap: 1.78
• Enterprise Value/Revenue: 0.96
• Enterprise Value/Gross Profit: 2.92
• Enterprise Value/Ebitda: 9.54
• 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: 55 Neutral
• Price Target: $27.00 ▲(8.35% Upside)

Score is held back primarily by weak financial performance (losses, declining revenue, negative operating cash flow) and leverage risk. Offsetting factors include improving technical trend/momentum and a more constructive outlook from the earnings call (FY2026 EBITDA guidance, divestiture-driven debt reduction), with valuation mixed due to a negative P/E despite a solid dividend yield.

Positive Factors

Debt Reduction

The sale of the Warehouse Automation business provides significant cash inflow, enabling Matthews to reduce its debt, thereby improving financial stability and flexibility.

Product Innovation

The introduction of the Axian printhead positions Matthews to capture market share in the high-speed 2D code quality standards market, enhancing its competitive edge and long-term growth potential.

Strategic Acquisitions

The acquisition of Dodge has strengthened Matthews' Memorialization segment, driving revenue and EBITDA growth, which supports long-term business sustainability and market position.

Negative Factors

Declining Revenue

The ongoing decline in revenue indicates challenges in maintaining sales momentum, which could impact Matthews' ability to sustain operations and invest in future growth.

Litigation Risk

The unresolved litigation with Tesla poses a risk to Matthews' proprietary technology and could result in financial liabilities or hinder technological advancements.

Negative Operating Cash Flow

The decline in operating cash flow raises concerns about liquidity and the company's ability to fund operations and strategic initiatives without relying on external financing.

Matthews International Business Overview & Revenue Model

Company Description

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. The SGK Brand solutions segment provides brand management, pre-media services, printing plates and cylinders, engineered products, imaging services, digital asset management, merchandising display systems, and marketing and design services for the consumer goods and retail industries. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as caskets, and cremation and incineration equipment for the cemetery and funeral home industries. The Industrial Technologies segment provides marking and coding equipment and consumables, industrial automation products, and order fulfillment systems for identifying, tracking, picking, and conveying consumer and industrial products for the warehousing and industrial industries. Matthews International Corporation was founded in 1850 and is based in Pittsburgh, Pennsylvania.

How the Company Makes Money

Matthews International generates revenue through multiple key streams. The Memorialization segment earns income primarily from the sales of memorial products and services, driven by demand for burial and cremation services. The Industrial Technologies segment generates revenue through the sale of metal and plastic products, servicing a diverse range of industries, including automotive and consumer goods. The Brand Solutions segment provides revenue from the production and sale of custom packaging and identification solutions, which are critical for brand marketing. Additionally, the company may engage in partnerships with various industries to expand its product offerings and market reach, further contributing to its earnings.

Matthews International Financial Statement Overview

Summary

Matthews International is facing financial challenges with declining revenues and profitability issues. The company is highly leveraged, increasing financial risk. Despite some positive signs in cash flow growth, the negative operating cash flow and profitability metrics indicate the need for strategic improvements.

Income Statement

Matthews International's income statement reveals a challenging financial period with declining revenue and negative net income. The gross profit margin has shown some resilience, but the net profit margin remains negative, indicating ongoing profitability issues. The revenue growth rate has been negative, reflecting a contraction in sales. Despite these challenges, the EBIT and EBITDA margins have improved slightly, suggesting some operational efficiencies.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio, indicating significant leverage, which could pose financial risks. Return on equity is negative, reflecting the company's struggles to generate profit from shareholders' equity. However, the equity ratio is stable, suggesting a balanced asset structure. The company needs to manage its debt levels to improve financial stability.

Cash Flow

Cash flow analysis indicates negative operating cash flow, which is concerning for liquidity. However, the free cash flow has shown growth, which is a positive sign. The operating cash flow to net income ratio is negative, highlighting cash flow challenges. The free cash flow to net income ratio is positive, indicating that despite net losses, the company is generating some cash flow.

Breakdown	TTM	Dec 2025	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	1.50B	―	1.50B	1.80B	1.88B	1.76B
Gross Profit	491.42M	―	487.52M	531.88M	547.80M	477.79M
EBITDA	150.25M	―	147.20M	77.14M	187.83M	24.43M
Net Income	-24.47M	―	-24.47M	-59.66M	39.29M	-99.83M
Balance Sheet
Total Assets	1.69B	―	1.69B	1.83B	1.89B	1.88B
Cash, Cash Equivalents and Short-Term Investments	32.43M	―	32.43M	40.82M	42.10M	71.41M
Total Debt	710.83M	―	710.83M	839.16M	864.35M	872.88M
Total Liabilities	1.21B	―	1.21B	1.40B	1.36B	1.40B
Stockholders Equity	480.94M	―	480.94M	437.16M	525.67M	487.08M
Cash Flow
Free Cash Flow	-59.37M	―	-59.37M	34.06M	28.93M	65.54M
Operating Cash Flow	-23.55M	―	-23.55M	79.28M	79.52M	126.86M
Investing Cash Flow	159.59M	―	159.59M	-46.97M	-58.73M	-80.85M
Financing Cash Flow	-144.27M	―	-144.27M	-35.04M	-50.20M	-37.21M

Matthews International Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 24.92
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MATW, the sentiment is Neutral. The current price of 24.92 is below the 20-day moving average (MA) of 26.25, above the 50-day MA of 24.73, and above the 200-day MA of 23.01, indicating a neutral trend. The MACD of 0.50 indicates Positive momentum. The RSI at 52.83 is Neutral, neither overbought nor oversold. The STOCH value of 39.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MATW.

Matthews International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SEB	73 Outperform	$4.26B	10.83	8.36%	0.21%	10.31%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MDU	57 Neutral	$3.99B	23.65	6.42%	2.76%	-57.80%	-57.40%
MATW	55 Neutral	$804.39M	-32.66	-5.33%	3.87%	-16.60%	58.86%
FBYD	55 Neutral	$824.91M	-140.81	28.00%	―	28.46%	-105.62%
CODI	50 Neutral	$361.13M	-1.13	―	20.53%	-15.85%	-59.42%
FIP	48 Neutral	$536.12M	-1.90	-13.99%	1.90%	32.39%	-19.35%

Matthews International Corporate Events

Matthews International Sells Warehouse Automation Business to Duravant

On December 31, 2025, Matthews International Corporation completed the divestiture of its Warehouse Automation business, including interests in Matthews Automation Solutions, LLC and certain related assets, to Duravant LLC for total consideration of about $232 million, comprising $225.4 million in cash and the buyer’s assumption of certain liabilities. The business, which generated $72 million in sales in fiscal 2025, was sold at what management characterized as a compelling valuation multiple, and Matthews plans to use the after-tax, post-cost proceeds to materially reduce outstanding debt, advancing its goal of a 2.5x net leverage ratio, while its broader strategic review to enhance shareholder value remains ongoing.

The most recent analyst rating on (MATW) stock is a Hold with a $25.00 price target. To see the full list of analyst forecasts on Matthews International stock, see the MATW Stock Forecast page.

Matthews International Reports Q4 2025 Financial Results

On November 20, 2025, Matthews International Corporation announced its financial results for the fourth quarter and fiscal year ending September 30, 2025. The company reported consolidated sales of $318.8 million for the fourth quarter and $1.50 billion for the fiscal year. The Memorialization segment saw increased sales due to the acquisition of The Dodge Company and higher sales volumes for bronze memorials. The Industrial Technologies segment faced challenges due to litigation with Tesla, but interest in dry battery electrode solutions remains strong. The company also highlighted the successful performance of Propelis, a joint venture formed from the SGK business divestiture. Matthews plans to reduce its net leverage ratio below 3.0x with the sale of its warehouse automation business and aims for an adjusted EBITDA of at least $180 million for fiscal 2026.

The most recent analyst rating on (MATW) stock is a Hold with a $23.50 price target. To see the full list of analyst forecasts on Matthews International stock, see the MATW Stock Forecast page.

Matthews International Increases Quarterly Dividends Again

On November 19, 2025, Matthews International Corporation announced its 32nd consecutive increase in quarterly dividends, now set at $0.255 per share, payable on December 15, 2025. This decision reflects the company’s robust cash flow, particularly from its Memorialization segment, and the anticipated proceeds from the sale of its warehouse automation business, underscoring its commitment to long-term growth and operational efficiency.

The most recent analyst rating on (MATW) stock is a Hold with a $23.50 price target. To see the full list of analyst forecasts on Matthews International stock, see the MATW Stock Forecast page.

Matthews International Appoints New Chairman of the Board

On November 19, 2025, Matthews International Corporation announced the election of J. Michael Nauman as the new Chairman of the Board of Directors, succeeding Alvaro Garcia-Tunon after the 2026 Annual Meeting of Shareholders. Nauman, who brings over 35 years of expertise in specialty products and technical fields, is expected to lead Matthews through a transformative period, focusing on sustainable growth and long-term value creation.

The most recent analyst rating on (MATW) stock is a Hold with a $23.50 price target. To see the full list of analyst forecasts on Matthews International stock, see the MATW Stock Forecast page.

Matthews International Sells Warehouse Automation Business

On November 12, 2025, Matthews International Corporation announced the sale of its Warehouse Automation business to Duravant LLC for approximately $230 million. This transaction, part of Matthews’ strategic alternatives evaluation, aims to reduce debt and enhance shareholder value. The sale is expected to close by the second quarter of fiscal 2026, pending regulatory approval.

The most recent analyst rating on (MATW) stock is a Hold with a $23.50 price target. To see the full list of analyst forecasts on Matthews International stock, see the MATW Stock Forecast page.