Mattr Corp. (TSE:MATR)
TSX:MATR
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Mattr
(TSX:MATR)
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Rating:60Neutral
Price Target:
C$12.50
▲(33.55% Upside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by mixed financial performance: solid TTM revenue growth but materially weaker margins/near-breakeven earnings, higher leverage than 2023, and uneven free-cash-flow consistency. Technicals are supportive with strong trend vs moving averages and positive MACD, but the very overbought RSI tempers the outlook. Valuation is moderate on P/E, with no dividend yield provided.
Positive Factors
Revenue Growth
Sustained TTM revenue growth (~13%) indicates the business is regaining scale after prior volatility. For an engineered-products business tied to infrastructure projects, continued top-line momentum supports backlog, supplier leverage and capacity utilization, improving long-term operational stability.
Negative Factors
Margin Compression
Material margin contraction to low single-digit operating margins and near‑breakeven net income reduces retained earnings and limits reinvestment. Persistently thin margins in an industrial services model weaken resilience to cost shocks and constrain ability to fund growth without higher leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained TTM revenue growth (~13%) indicates the business is regaining scale after prior volatility. For an engineered-products business tied to infrastructure projects, continued top-line momentum supports backlog, supplier leverage and capacity utilization, improving long-term operational stability.
Read all positive factors
Mattr (MATR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$786.59M
Dividend YieldN/A
Average Volume (3M)276.87K
Price to Earnings (P/E)644.7
Beta (1Y)0.43
Revenue Growth26.01%
EPS Growth-92.26%
CountryCA
Employees1,810
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.03
Shares Outstanding61,356,680
10 Day Avg. Volume328,979
30 Day Avg. Volume276,865
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.65
Price to Sales (P/S)0.39
P/FCF Ratio11.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$13.45Price Target Upside43.70% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.66
Revenue Forecast (FY)C$1.30B
Mattr Business Overview & Revenue Model
Company Description
Mattr Corp. operates as a material sciences company that serves the infrastructure, energy, and transportation markets worldwide. It operates through three segments: Composite Systems, Automotive and Industrial, and Pipeline and Pipe Services. The...
How the Company Makes Money
Mattr makes money by selling products and services across its operating segments. Its revenue model is primarily project- and contract-based, with customers (typically utilities, energy companies, municipalities, and industrial operators) purchasi...
Mattr Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mix of positive and negative aspects. While there were significant achievements, such as strong revenue growth and strategic acquisitions aimed at cost reduction, the company faces challenges from economic weaknesses, tariff impacts, and declining oilfield activity. The outlook for the fourth quarter remains cautious, given macroeconomic uncertainties.Positive Updates
Record Year-over-Year Revenue Growth
Mattr delivered year-over-year revenue growth of 39% and adjusted EBITDA growth of 16%, driven by the addition of AmerCable to the Connection Technologies segment.
Negative Updates
Economic Weakness Impact
Near-term business performance is likely to be impacted by continued economic weakness in certain key geographies, particularly in the Canadian, European automotive, and energy extraction markets.
Read all updates
Q3-2025 Updates
Positive
Negative
Record Year-over-Year Revenue Growth
Mattr delivered year-over-year revenue growth of 39% and adjusted EBITDA growth of 16%, driven by the addition of AmerCable to the Connection Technologies segment.
Read all positive updates
Company Guidance
During Mattr's third-quarter 2025 conference call, the company provided several key metrics and insights regarding its financial performance and strategic initiatives. Mattr reported a 39% year-over-year increase in revenue and a 16% growth in adjusted EBITDA, driven primarily by the inclusion of the AmerCable business in their Connection Technologies segment, which alone saw a 105% rise in revenue and a 62% increase in adjusted EBITDA. However, they anticipate a more pronounced seasonal dip in fourth-quarter revenue and adjusted EBITDA due to economic slowdowns in key markets, particularly impacting the Canadian industrial and mining sectors. The company highlighted challenges such as tariff impacts on supply chains but noted successful mitigation strategies that avoided significant costs. Mattr also discussed capital allocation, emphasizing debt repayment in the near term while pausing share repurchases. The company revised its full-year 2025 capital spending expectations to $50-$60 million, down from previous guidance, and projected long-term growth opportunities driven by new technologies and market expansions in sectors like U.S. infrastructure, data centers, and utilities.Mattr Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.27B | 1.27B | 885.32M | 925.27M | 1.26B | 1.14B |
| Gross Profit | 285.68M | 250.66M | 243.84M | 296.44M | 364.70M | 318.12M |
| EBITDA | 131.10M | 139.92M | 85.07M | 121.27M | 147.78M | 29.86M |
| Net Income | 1.22M | 46.55M | -3.73M | 87.19M | -29.99M | -79.11M |
Balance Sheet | ||||||
| Total Assets | 1.65B | 1.60B | 1.63B | 1.28B | 1.55B | 1.27B |
| Cash, Cash Equivalents and Short-Term Investments | 39.18M | 65.53M | 375.24M | 334.06M | 263.99M | 124.45M |
| Total Debt | 576.25M | 560.83M | 640.37M | 232.46M | 270.27M | 346.58M |
| Total Liabilities | 879.53M | 849.48M | 908.38M | 548.62M | 849.44M | 625.68M |
| Stockholders Equity | 771.04M | 753.81M | 721.10M | 730.16M | 699.38M | 639.27M |
Cash Flow | ||||||
| Free Cash Flow | 37.24M | 41.15M | -59.05M | 48.35M | 161.02M | 39.61M |
| Operating Cash Flow | 85.38M | 104.43M | 51.35M | 124.61M | 211.10M | 64.68M |
| Investing Cash Flow | -39.89M | -437.88M | -154.99M | 109.82M | 19.50M | 3.83M |
| Financing Cash Flow | -56.17M | -101.53M | 259.84M | -161.78M | -111.65M | -163.53M |
Mattr Technical Analysis
Positive
9.36
Price Trends
10.06
Positive
9.31
Positive
9.56
Positive
Market Momentum
0.92
Negative
73.73
Negative
71.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MATR, the sentiment is Positive. The current price of 9.36 is below the 20-day moving average (MA) of 11.27, below the 50-day MA of 10.06, and below the 200-day MA of 9.56, indicating a bullish trend. The MACD of 0.92 indicates Negative momentum. The RSI at 73.73 is Negative, neither overbought nor oversold. The STOCH value of 71.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MATR.
Mattr Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | C$1.57B | 14.20 | 17.25% | 3.57% | 20.60% | 6.72% | |
82 Outperform | C$889.08M | 11.21 | 13.24% | 2.57% | 18.21% | 29.33% | |
71 Outperform | C$3.63B | 17.26 | 26.01% | 1.29% | 6.08% | 24.69% | |
66 Neutral | C$632.19M | 14.52 | 6.49% | ― | -17.68% | 123.13% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | C$786.59M | 644.68 | 0.16% | ― | 26.01% | -92.26% | |
52 Neutral | C$544.11M | 15.87 | 7.69% | 2.56% | 4.39% | -20.47% |
* Energy Sector Average
TSE:MATR
Mattr
12.82
3.19
33.13%
TSE:NOA
North American Construction Group
19.08
-3.88
-16.91%
TSE:CEU
CES Energy Solutions
17.32
11.14
180.26%
TSE:CFW
Calfrac Well Services
6.33
3.04
92.23%
TSE:TOT
Total Energy Services
24.40
14.25
140.37%
TSE:TCW
Trican Well Service
7.46
3.24
76.86%
Mattr Corporate Events
Financial DisclosuresShareholder Meetings
Mattr Sets 2026 Earnings Schedule and Details Hybrid Annual Meeting
Neutral
Apr 14, 2026
Mattr Corp. has laid out its earnings release and conference call schedule through the fourth quarter of 2026, with quarterly results to be issued after the market close and corresponding webcasts held the following morning at 9:00 a.m. ET. The co...
Business Operations and StrategyPrivate Placements and Financing
Mattr Extends US$300 Million Credit Facility to 2030, Enhancing Financial Flexibility
Positive
Apr 2, 2026
Mattr Corp. has amended and extended its US$300 million senior secured revolving credit facility, arranged by a syndicate of major lenders, pushing the facility’s maturity out to October 2030. The longer-term financing horizon and maintained...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Mattr’s AmerCable-Fueled Expansion Drives Strong 2025 Profit Turnaround
Positive
Mar 12, 2026
Mattr Corp. reported strong year-over-year growth for the fourth quarter and full year 2025, driven by its expanded exposure to North American wire and cable demand following the AmerCable acquisition and steady demand for Composite Technologies p...
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.