Minerals Technologies (MTX)
NYSE:MTX
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Minerals Technologies
(NYSE:MTX)
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Rating:71Outperform
Price Target:
$84.00
▲(15.45% Upside)
Action:Upgraded
Date:05/03/26
MTX scores well on trend/momentum and a constructive earnings-call outlook with reiterated growth, margin improvement targets, and improving cash generation. The main constraints are financial-statement consistency concerns (recent loss/negative ROE noted and mixed cash conversion) and only moderate valuation support given the low dividend yield.
Positive Factors
Engineered supply / PCC satellite model
MTX's engineered-supply model (on-site/satellite PCC plants) creates durable, contractually anchored revenue with high customer switching costs. This capital-intensive, service-linked model provides multi-year visibility, steady utilization-based cash flow and better margin predictability versus spot commodity sales.
Negative Factors
Uneven profitability & negative ROE
Negative ROE and a 2025 net loss point to inconsistent translation of operating results into shareholder returns. Persistent uneven bottom-line performance can limit capital-return policies, constrain investor confidence and indicate earnings quality or one-off items that may repeat over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Engineered supply / PCC satellite model
MTX's engineered-supply model (on-site/satellite PCC plants) creates durable, contractually anchored revenue with high customer switching costs. This capital-intensive, service-linked model provides multi-year visibility, steady utilization-based cash flow and better margin predictability versus spot commodity sales.
Read all positive factors
Minerals Technologies Key Performance Indicators (KPIs)
Minerals Technologies (MTX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.37B
Dividend Yield0.74%
Average Volume (3M)213.40K
Price to Earnings (P/E)14.6
Beta (1Y)0.94
Revenue Growth2.50%
EPS GrowthN/A
CountryUS
Employees3,891
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)5.17
Shares Outstanding31,008,734
10 Day Avg. Volume328,650
30 Day Avg. Volume213,395
Financial Highlights & Ratios
PEG Ratio0.93
Price to Book (P/B)1.12
Price to Sales (P/S)0.92
P/FCF Ratio22.10
Enterprise Value/Market Cap1.27
Enterprise Value/Revenue1.41
Enterprise Value/Gross Profit5.68
Enterprise Value/Ebitda7.78
Forecast
1Y Price Target
$90.00Price Target Upside23.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)6.27
Revenue Forecast (FY)$2.20B
Minerals Technologies Business Overview & Revenue Model
Company Description
Minerals Technologies Inc. develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services. The company operates through three segments: Performance Materials, Specialty...
How the Company Makes Money
Minerals Technologies makes money primarily by selling specialty mineral products and providing related services under long-term and spot customer arrangements across two main segments:
1) Consumer & Specialties (product sales to consumer/industr...
Minerals Technologies Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call conveyed a constructive operational and financial picture: broad-based double-digit revenue growth across segments, strong EPS and cash flow improvement, and clear evidence that recent growth investments are ramping and contributing (on track for the $100 million target). Challenges were primarily macro-driven—higher energy and freight costs, some margin timing lags, and soft pockets in residential construction and certain heavy equipment markets—but management has implemented pricing actions, surcharges, and expects to largely offset these headwinds through the year. Given the combination of durable product momentum, a healthy pipeline (notably FLUORO-SORB, cat litter, SAF purification and paper/packaging satellites), improved cash generation and a balanced guidance with potential upside, the overall tone is positive despite manageable near-term inflationary pressures.Positive Updates
Strong Top-Line Growth
Q1 2026 sales of $547 million, up 11% year-over-year and up 5% sequentially; underlying growth excluding favorable FX and extra days estimated at 5%–6%.
Negative Updates
Inflationary Headwinds—Energy and Freight
Rapid increases in energy and freight costs: incurred approximately $5 million of higher costs in Q1 (versus $2–3 million assumed); company forecasts $12 million of higher inflationary costs in Q2 on a YoY basis and expects a temporary ~$3 million operating income impact in Q2 due to pricing lags.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Top-Line Growth
Q1 2026 sales of $547 million, up 11% year-over-year and up 5% sequentially; underlying growth excluding favorable FX and extra days estimated at 5%–6%.
Read all positive updates
Company Guidance
The company reiterated mid-single-digit sales growth for full-year 2026, provided Q2 guidance of roughly $560 million in sales (about +6% YoY), ~ $80 million of operating income and EPS of $1.60–1.65, and said Q2 includes ~$12 million of incremental inflationary costs year-over-year with an expected temporary ~$3 million hit to operating income (pricing pass-throughs may lag up to 90 days). Q1 results were sales of $547 million (+11% YoY, +5% sequential), operating income of $68 million excl. special items (+7% YoY), EPS of $1.38 (+21%), cash from operations of $32 million (+$37 million YoY) and capex of $23 million; full-year capex is expected to be $90–100 million (potentially slightly higher), free cash flow targeted at 6–7% of sales, net leverage ~1.7x EBITDA, and management is tracking to ~14% operating margin for the year with >100 bps improvement from H1 to H2 toward a ~15% run rate.Minerals Technologies Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.13B | 2.07B | 2.12B | 2.17B | 2.13B | 1.86B |
| Gross Profit | 529.50M | 506.60M | 535.60M | 494.40M | 452.30M | 435.90M |
| EBITDA | 386.20M | 392.00M | 393.40M | 278.10M | 307.30M | 345.10M |
| Net Income | 161.70M | -18.40M | 167.10M | 84.10M | 122.20M | 164.40M |
Balance Sheet | ||||||
| Total Assets | 3.47B | 3.47B | 3.39B | 3.35B | 3.40B | 3.37B |
| Cash, Cash Equivalents and Short-Term Investments | 321.30M | 332.60M | 337.10M | 321.50M | 252.80M | 304.40M |
| Total Debt | 966.20M | 1.05B | 1.02B | 1.07B | 1.12B | 1.08B |
| Total Liabilities | 1.70B | 1.72B | 1.61B | 1.66B | 1.79B | 1.79B |
| Stockholders Equity | 1.73B | 1.71B | 1.75B | 1.65B | 1.58B | 1.54B |
Cash Flow | ||||||
| Free Cash Flow | 118.30M | 86.60M | 146.90M | 140.10M | 23.40M | 146.40M |
| Operating Cash Flow | 230.20M | 193.70M | 236.40M | 233.60M | 105.70M | 232.40M |
| Investing Cash Flow | -130.40M | -122.80M | -94.50M | -91.70M | -101.60M | -278.60M |
| Financing Cash Flow | -96.50M | -89.30M | -110.40M | -71.70M | -34.10M | 5.60M |
Minerals Technologies Technical Analysis
Positive
72.76
Price Trends
72.29
Positive
70.10
Positive
65.09
Positive
Market Momentum
2.01
Positive
50.72
Neutral
20.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTX, the sentiment is Positive. The current price of 72.76 is below the 20-day moving average (MA) of 75.92, above the 50-day MA of 72.29, and above the 200-day MA of 65.09, indicating a bullish trend. The MACD of 2.01 indicates Positive momentum. The RSI at 50.72 is Neutral, neither overbought nor oversold. The STOCH value of 20.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MTX.
Minerals Technologies Risk Analysis
Minerals Technologies disclosed 17 risk factors in its most recent earnings report. Minerals Technologies reported the most risks in the "Ability to Sell" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Minerals Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $1.92B | 14.88 | 8.54% | 2.19% | 0.25% | 325.27% | |
73 Outperform | $2.71B | 39.58 | 30.23% | 1.87% | 4.23% | -6.09% | |
71 Outperform | $2.37B | 14.58 | 9.55% | 0.74% | 2.50% | ― | |
66 Neutral | $2.40B | 27.35 | 0.31% | 1.37% | 6.25% | -94.37% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $2.35B | 10.51 | -156.14% | ― | -10.27% | 63.55% | |
54 Neutral | $2.50B | 39.79 | -37.54% | 2.79% | -7.23% | -594.66% |
* Basic Materials Sector Average
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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.