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Mattr Corp. (TSE:MATR)
TSX:MATR
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Mattr
(TSX:MATR)
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Select Model
Rating:61Neutral
Price Target:
C$11.00
▲(45.12% Upside)
Mattr's overall stock score reflects a mixed financial performance with stable balance sheet but weak cash flow management. Technical analysis indicates bearish momentum, while valuation is reasonable. The earnings call provided a balanced view with strong growth but highlighted economic challenges and cautious outlook.
Positive Factors
Revenue Growth
Strong revenue growth indicates robust demand for Mattr's products and services, suggesting successful market penetration and potential for sustained expansion.
Strategic Acquisition
The strategic acquisition enhances supply chain efficiency and reduces costs, strengthening Mattr's competitive position and operational resilience.
Product Innovation
Innovative products driving significant revenue suggest Mattr's capability to adapt to market needs and maintain technological leadership.
Negative Factors
Economic Weakness Impact
Economic challenges in key markets could dampen demand, affecting Mattr's revenue and profitability in the near to medium term.
Cash Flow Challenges
Declining free cash flow growth raises concerns about liquidity and financial flexibility, potentially hindering investment and growth initiatives.
Tariff and Economic Impacts
Tariff impacts on supply chains can increase costs and disrupt operations, posing long-term challenges to maintaining competitive margins.
Mattr (MATR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$636.18M
Dividend YieldN/A
Average Volume (3M)276.87K
Price to Earnings (P/E)14.5
Beta (1Y)0.86
Revenue Growth27.14%
EPS GrowthN/A
CountryCA
Employees1,810
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.05
Shares Outstanding61,170,784
10 Day Avg. Volume328,979
30 Day Avg. Volume276,865
Financial Highlights & Ratios
PEG Ratio2.13
Price to Book (P/B)1.15
Price to Sales (P/S)0.94
P/FCF Ratio-14.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$10.00Price Target Upside31.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mattr Business Overview & Revenue Model
Company DescriptionMattr (MATR) is a technology company specializing in digital identity and decentralized data solutions. Operating primarily within the blockchain and digital identity sectors, Mattr focuses on providing tools and platforms that empower individuals and organizations to manage their online identities securely. The company offers a suite of products designed to enhance privacy, security, and user control over personal data, including decentralized identity management systems and verification platforms.
How the Company Makes MoneyMattr generates revenue through a combination of subscription services, transaction fees, and enterprise solutions. The company's primary revenue streams include fees from organizations using its digital identity verification services, which help businesses authenticate users while preserving privacy. Additionally, Mattr may partner with other technology providers and enterprises to offer integrated solutions, generating revenue from these collaborations. Significant partnerships with industry players can amplify Mattr's market reach and drive additional income through co-developed products and services.
Mattr Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 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.Q3-2025 Updates
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.
Connection Technologies Segment Performance
The Connection Technologies segment delivered year-over-year revenue growth of 105% and adjusted EBITDA growth of 62%, with Shawflex setting a new quarterly revenue record.
Strategic Acquisition for Cost Reduction
Mattr acquired an intermediary that facilitated the supply of metallic components, securing a multi-decade exclusive supply agreement, reducing costs, lowering tariff exposure, and enhancing supply chain control.
Success in Larger Diameter Flexpipe Products
Flexpipe continued to drive customer adoption of new technology, with larger diameter products nearing 50% of North American revenue generation during Q3.
Operational Efficiency and Production Output
Productivity expansion from Flexpipe's new Texas site remains on schedule, and the business continues to anticipate the release of additional larger diameter products.
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.
Challenges in Wire and Cable Margins
Wire and cable margins moved sequentially lower due to a less favorable revenue mix, impacted by reduced sales into Canadian mining and global oilfield applications.
Tariff and Economic Impacts
U.S. tariffs introduced in early Q3 impacted the primary copper supply chain at both Shawflex and AmerCable, leading to less favorable payment terms and an increase in working capital.
Composite Technologies Segment Decline
Composite Technologies segment's third-quarter revenue and adjusted EBITDA decreased by 4% and 2% year-over-year, primarily due to declines in oilfield activity.
Anticipated Lower Performance in Q4
Reported business performance in the fourth quarter is expected to be below the third quarter of 2025 due to macroeconomic and geopolitical uncertainties.
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
Mattr's financial performance is mixed. The income statement shows moderate growth with a revenue increase of 6.66% and a net profit margin of 4.26%. The balance sheet is stable with a debt-to-equity ratio of 0.79. However, cash flow management is a concern, with a significant decline in free cash flow growth rate by 73%.Income Statement
Mattr's income statement shows a moderate performance with a gross profit margin of 25.45% and a net profit margin of 4.26% in the TTM period. The company has achieved a revenue growth rate of 6.66% in the TTM, indicating a positive trend compared to the previous period. However, the EBIT margin of 3.96% and EBITDA margin of 9.15% suggest room for improvement in operational efficiency.65
Positive
Balance Sheet
The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.79, indicating a balanced leverage. The return on equity (ROE) of 6.16% in the TTM shows moderate profitability. The equity ratio stands at 46.24%, suggesting a solid equity base relative to total assets.70
Positive
Cash Flow
Cash flow analysis reveals challenges, with a significant decline in free cash flow growth rate by 73% in the TTM. The operating cash flow to net income ratio of 0.26 indicates limited cash conversion efficiency. The negative free cash flow to net income ratio highlights potential liquidity concerns.50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.08B | 885.32M | 925.27M | 1.26B | 1.14B | 1.18B |
| Gross Profit | 273.56M | 243.84M | 296.44M | 364.70M | 318.12M | 322.54M |
| EBITDA | 98.40M | 85.07M | 121.27M | 147.78M | 29.86M | -107.48M |
| Net Income | 45.76M | -3.73M | 87.19M | -29.99M | -79.11M | -234.17M |
Balance Sheet | ||||||
| Total Assets | 1.62B | 1.63B | 1.28B | 1.55B | 1.27B | 1.53B |
| Cash, Cash Equivalents and Short-Term Investments | 52.87M | 375.24M | 334.06M | 263.99M | 124.45M | 214.51M |
| Total Debt | 593.20M | 640.37M | 232.46M | 270.27M | 346.58M | 505.55M |
| Total Liabilities | 870.47M | 908.38M | 548.62M | 849.44M | 625.68M | 808.90M |
| Stockholders Equity | 749.18M | 721.10M | 730.16M | 699.38M | 639.27M | 712.70M |
Cash Flow | ||||||
| Free Cash Flow | -18.65M | -59.05M | 48.35M | 161.02M | 39.61M | 20.42M |
| Operating Cash Flow | 68.10M | 51.35M | 124.61M | 211.10M | 64.68M | 44.44M |
| Investing Cash Flow | -460.14M | -154.99M | 109.82M | 19.50M | 3.83M | 106.57M |
| Financing Cash Flow | 185.30M | 259.84M | -161.78M | -111.65M | -163.53M | -36.86M |
Mattr Technical Analysis
Negative
7.58
Price Trends
9.69
Negative
10.68
Negative
10.60
Negative
Market Momentum
-0.67
Negative
24.93
Positive
55.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MATR, the sentiment is Negative. The current price of 7.58 is below the 20-day moving average (MA) of 8.11, below the 50-day MA of 9.69, and below the 200-day MA of 10.60, indicating a bearish trend. The MACD of -0.67 indicates Negative momentum. The RSI at 24.93 is Positive, neither overbought nor oversold. The STOCH value of 55.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
81 Outperform | $1.22B | 10.06 | 18.06% | 3.15% | 9.24% | 6.35% | |
77 Outperform | C$925.34M | 12.76 | 12.74% | 4.25% | 4.60% | -44.63% | |
73 Outperform | C$269.69M | 27.35 | 3.20% | ― | -8.13% | -28.00% | |
67 Neutral | $557.23M | 14.52 | 8.81% | 2.46% | 8.24% | -36.88% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | C$636.18M | 14.46 | 4.00% | ― | 27.14% | ― | |
59 Neutral | C$399.37M | -19.59 | -1.94% | ― | -9.19% | -119.27% |
* Energy Sector Average
TSE:MATR
Mattr
7.58
-5.64
-42.66%
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19.50
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Mattr Corporate Events
M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
Mattr Corp. Reports Strong Q3 Growth, Anticipates Challenging Q4
Neutral
Nov 12, 2025
Mattr Corp. reported a 39% year-over-year revenue growth from continuing operations in the third quarter of 2025, driven by the acquisition of AmerCable, which significantly boosted the Connection Technologies segment’s performance. Despite strong demand and progress in technology development, Mattr anticipates a challenging fourth quarter due to economic weaknesses in key geographies, impacting customer buying behavior and resulting in a more pronounced seasonal revenue dip. The company remains committed to leveraging its differentiated technologies for long-term growth and plans to focus on debt repayment in the near-term.
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.