Matthews International (MATW) AI Stock Analysis

• Market Cap: $752.96M
• Dividend Yield: 4.1%
• Average Volume (3M): 298.47K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.04
• 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: 337,370
• 30 Day Avg. Volume: 298,467
• 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: 1.96
• Enterprise Value/Revenue: 0.99
• Enterprise Value/Gross Profit: 3.01
• Enterprise Value/Ebitda: 9.85
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 1.05
• Revenue Forecast (FY): $1.19B

• Rating: 54 Neutral
• Price Target: $25.00 ▲(0.32% Upside)

Matthews International's overall stock score reflects significant financial challenges, including declining revenues and high leverage. However, strategic progress and positive guidance from the earnings call provide some optimism. Technical indicators show moderate strength, while valuation concerns persist due to negative earnings.

Positive Factors

Strategic Divestitures

Strategic divestitures streamline operations and focus resources on core segments, potentially improving operational efficiency and financial health.

New Product Launch

The launch of Axian, with GS1 certification, positions Matthews to capture market share in the high-speed printing market, supporting long-term revenue growth.

Debt Reduction Efforts

Proceeds from asset sales aimed at reducing debt can enhance financial flexibility and lower financial risk, supporting long-term stability.

Negative Factors

Declining Revenue

Declining revenues in key segments can indicate market challenges and may impact overall growth prospects if not addressed.

High Leverage

High leverage can strain cash flow and limit strategic options, posing risks to financial stability and long-term growth.

Litigation Risks

Ongoing litigation can lead to financial and operational uncertainties, potentially diverting resources and impacting strategic initiatives.

Matthews International Business Overview & Revenue Model

Company Description

Matthews International Corporation (MATW) is a diversified company that operates in three primary segments: Memorialization, Industrial Technologies, and Brand Solutions. The Memorialization segment focuses on providing products and services related to memorial products, including headstones, grave markers, and cremation services. The Industrial Technologies segment delivers solutions such as metal and plastic products for various industries, including packaging and manufacturing. The Brand Solutions segment offers brand identification and packaging solutions, providing customized products to enhance brand presence.

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, which increases financial risk. While there are some positive signs in cash flow growth, the negative operating cash flow and profitability metrics indicate the need for strategic improvements to enhance financial health and stability.

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: Positive
• Last Price: 24.92
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MATW, the sentiment is Positive. The current price of 24.92 is above the 20-day moving average (MA) of 24.01, above the 50-day MA of 23.61, and above the 200-day MA of 22.71, indicating a bullish trend. The MACD of 0.30 indicates Negative momentum. The RSI at 54.96 is Neutral, neither overbought nor oversold. The STOCH value of 39.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	$4.49B	11.43	8.36%	0.19%	10.31%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MDU	62 Neutral	$4.22B	25.03	6.42%	2.57%	-57.80%	-57.40%
CODI	59 Neutral	$529.66M	―	―	14.20%	6.77%	9.95%
MATW	54 Neutral	$752.96M	-30.57	-5.33%	4.10%	-16.60%	58.86%
FBYD	51 Neutral	$1.49B	163.53	28.00%	―	28.46%	-105.62%
FIP	48 Neutral	$514.02M	-1.83	-13.99%	2.11%	32.39%	-19.35%

Matthews International Corporate Events

Matthews International’s Strategic Gains and Challenges Unveiled

Matthews International Corp’s recent earnings call reflected a generally positive sentiment, underscored by strong strategic advancements. The company showcased successful divestitures and the introduction of innovative products, although it acknowledged ongoing challenges in certain segments and unresolved litigation issues.

Matthews International Reports Strong Fiscal Year End

Matthews International Corporation is a global provider specializing in memorialization products, industrial technologies, and brand solutions, operating through its core businesses to drive growth and innovation across various sectors.

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.