Morgan Advanced Materials (MGAM) Stock Overview
Manufactures and sells various carbon and ceramic products. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
MGAM Community Fair Values
Create NarrativeSee what 33 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Morgan Advanced Materials plc Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£2.28 |
| 52 Week High | UK£2.52 |
| 52 Week Low | UK£1.67 |
| Beta | 1.21 |
| 1 Month Change | 5.07% |
| 3 Month Change | 9.09% |
| 1 Year Change | 6.05% |
| 3 Year Change | -22.32% |
| 5 Year Change | -35.41% |
| Change since IPO | -1.30% |
Recent News & Updates
Narrative Update • May 12
MGAM: Higher Margins And Refined P/E Assumptions Will Support Upside
The latest analyst work on Morgan Advanced Materials points to a modestly higher blended price target around £2.15 per share, reflecting both upward revisions from Citi and Deutsche Bank and a more cautious cut from Jefferies as analysts balance slightly adjusted assumptions for discount rates, revenue growth, margins and future P/E. Analyst Commentary Recent research on Morgan Advanced Materials shows a mixed but generally constructive tone, with several bullish analysts nudging price targets higher and one trimming expectations.Narrative Update • Apr 26
MGAM: Higher P/E Assumptions And Refined Earnings Views Will Support Upside
Narrative Update: Morgan Advanced Materials The analyst price target for Morgan Advanced Materials has shifted within a range of around £2.10 to £2.35 per share, as analysts adjust their views in light of updated assumptions for discount rates, revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent Street research on Morgan Advanced Materials points to a mixed but generally supportive tone, with analysts refining their assumptions rather than changing their overall stance on the company.Narrative Update • Apr 11
MGAM: Higher Margin Assumptions And Mixed P E Views Will Support Upside
The analyst price target for Morgan Advanced Materials has been adjusted to reflect mixed recent research, with some firms lifting targets into the £2.10 to £2.65 range and others trimming estimates, as analysts reassess assumptions for growth, margins and future P/E multiples. Analyst Commentary Recent Street research around Morgan Advanced Materials shows a split set of views, with some bullish analysts lifting price targets and others trimming them, as they reassess the shares against updated expectations for growth, margins and future P/E multiples.Narrative Update • Mar 26
MGAM: Higher Margin Assumptions And Refined P E Framework Will Support Upside
Narrative Update on Morgan Advanced Materials The analyst price target for Morgan Advanced Materials has been revised higher to £2.35 per share. This reflects analysts' updated assumptions on slightly higher revenue growth, improved profit margins, a modestly adjusted discount rate and a somewhat lower future P/E multiple.Recent updates
Narrative Update • May 12
MGAM: Higher Margins And Refined P/E Assumptions Will Support Upside
The latest analyst work on Morgan Advanced Materials points to a modestly higher blended price target around £2.15 per share, reflecting both upward revisions from Citi and Deutsche Bank and a more cautious cut from Jefferies as analysts balance slightly adjusted assumptions for discount rates, revenue growth, margins and future P/E. Analyst Commentary Recent research on Morgan Advanced Materials shows a mixed but generally constructive tone, with several bullish analysts nudging price targets higher and one trimming expectations.Narrative Update • Apr 26
MGAM: Higher P/E Assumptions And Refined Earnings Views Will Support Upside
Narrative Update: Morgan Advanced Materials The analyst price target for Morgan Advanced Materials has shifted within a range of around £2.10 to £2.35 per share, as analysts adjust their views in light of updated assumptions for discount rates, revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent Street research on Morgan Advanced Materials points to a mixed but generally supportive tone, with analysts refining their assumptions rather than changing their overall stance on the company.Narrative Update • Apr 11
MGAM: Higher Margin Assumptions And Mixed P E Views Will Support Upside
The analyst price target for Morgan Advanced Materials has been adjusted to reflect mixed recent research, with some firms lifting targets into the £2.10 to £2.65 range and others trimming estimates, as analysts reassess assumptions for growth, margins and future P/E multiples. Analyst Commentary Recent Street research around Morgan Advanced Materials shows a split set of views, with some bullish analysts lifting price targets and others trimming them, as they reassess the shares against updated expectations for growth, margins and future P/E multiples.Narrative Update • Mar 26
MGAM: Higher Margin Assumptions And Refined P E Framework Will Support Upside
Narrative Update on Morgan Advanced Materials The analyst price target for Morgan Advanced Materials has been revised higher to £2.35 per share. This reflects analysts' updated assumptions on slightly higher revenue growth, improved profit margins, a modestly adjusted discount rate and a somewhat lower future P/E multiple.Narrative Update • Mar 11
MGAM: Higher Implied P/E Framework Will Support Future Upside Potential
Analysts have lifted their average price targets for Morgan Advanced Materials to a range of about £2.10 to £2.65 per share, reflecting updated views on revenue growth, margins and an assumed future P/E of roughly 14x. Analyst Commentary Recent Street research on Morgan Advanced Materials has centered on price target adjustments in a relatively tight range, with reference points moving to £2.10 and £2.65 per share.Narrative Update • Feb 23
MGAM: Refined Capital Allocation And Margin Assumptions Will Support Future Upside Potential
Analysts have raised their price target on Morgan Advanced Materials to £2.65, citing refinements to discount rate, revenue growth, profit margin and future P/E assumptions that keep estimated fair value broadly unchanged. Analyst Commentary Bullish analysts pointing to the £2.65 price target see the latest work on discount rate, revenue, profit margin and future P/E assumptions as a sign that their constructive view on Morgan Advanced Materials still holds, even as they fine tune the model inputs.Narrative Update • Feb 08
MGAM: Portfolio Actions And Higher Margin Framework Will Support Future Upside Potential
Analysts have raised their price target on Morgan Advanced Materials to £2.65 per share, citing updated assumptions around the discount rate, profit margin, and future P/E ratio as the main drivers of the change. Analyst Commentary Recent Street research on Morgan Advanced Materials has centered on the updated price target of £2.65 per share, with bullish analysts highlighting how their refreshed assumptions feed into this valuation.Narrative Update • Jan 25
MGAM: Future Portfolio Actions And Capital Discipline Will Support Upside Potential
Analysts have raised their price target on Morgan Advanced Materials to £2.65 per share, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Bullish analysts see the revised £2.65 price target as a fresh reference point for what they view as fair value, based on updated assumptions for discount rate, revenue growth, profit margins and future P/E.Narrative Update • Jan 09
MGAM: Future Capital Discipline And Portfolio Moves Will Support Upside Potential
Analysts have reduced their price target for Morgan Advanced Materials to £2.05 per share from £2.35, citing updated assumptions about fair value, discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent research points to a more cautious stance on Morgan Advanced Materials, with the price target set at £2.05 per share and a Hold rating maintained.
Narrative Update • Dec 25
MGAM: Future Returns Will Reflect Lowered 205 GBp Outlook With Resilient Margins
Analysts have lowered their price target on Morgan Advanced Materials from 235 GBp to 205 GBp, reflecting a more cautious view on the company despite only marginal adjustments to the discount rate, revenue growth, profit margin and future P E assumptions. Analyst Commentary Bullish analysts note that the revised price target still implies some upside from current trading levels, suggesting that the market has already priced in a more conservative outlook for earnings and margins.Narrative Update • Dec 11
MGAM: Future Returns Will Reflect Resilient Margins Despite Lowered Price Expectation
Analysts have lowered their price target on Morgan Advanced Materials by 30 GBp to 205 GBp, reflecting tempered expectations despite largely unchanged long term growth and profitability assumptions. Analyst Commentary Bullish analysts view the revised 205 GBp target as consistent with a fundamentally intact long term growth profile, arguing that the reduction mainly reflects near term recalibration rather than a structural downgrade to the company’s earnings power.Narrative Update • Nov 26
MGAM: Future Performance Will Reflect Resilience Despite Revised Price Expectations
Narrative Update on Morgan Advanced Materials Analysts have lowered their price target for Morgan Advanced Materials from approximately £2.35 to £2.05. This change reflects recent reductions in growth expectations, profit margins, and fair value estimates.Analysis Article • Oct 06
Morgan Advanced Materials (LON:MGAM) Is Due To Pay A Dividend Of £0.054
Morgan Advanced Materials plc ( LON:MGAM ) has announced that it will pay a dividend of £0.054 per share on the 17th of...Analysis Article • Oct 04
Morgan Advanced Materials plc (LON:MGAM) Not Flying Under The Radar
When close to half the companies in the United Kingdom have price-to-earnings ratios (or "P/E's") below 16x, you may...Narrative Update • Sep 04
Semiconductor Capacity Expansion And Decarbonization Will Unlock New Opportunities
Morgan Advanced Materials’ revenue growth forecasts have been revised downward from 2.6% to 2.3%, while valuation metrics such as Future P/E remain broadly stable, resulting in an unchanged consensus price target of £2.50. What's in the News RBC Capital has lowered its price target for Morgan Advanced Materials from 275 GBp to 250 GBp but maintained an Outperform rating (Periodicals).Analysis Article • Sep 03
Returns On Capital At Morgan Advanced Materials (LON:MGAM) Have Stalled
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...Analysis Article • Aug 10
Morgan Advanced Materials plc (LON:MGAM) Half-Yearly Results: Here's What Analysts Are Forecasting For This Year
LSE:MGAM 1 Year Share Price vs Fair Value Explore Morgan Advanced Materials's Fair Values from the Community and select...Analysis Article • Aug 08
Morgan Advanced Materials plc's (LON:MGAM) Intrinsic Value Is Potentially 64% Above Its Share Price
Key Insights Using the 2 Stage Free Cash Flow to Equity, Morgan Advanced Materials fair value estimate is UK£3.21...Analysis Article • Apr 30
Is It Time To Consider Buying Morgan Advanced Materials plc (LON:MGAM)?
Morgan Advanced Materials plc ( LON:MGAM ), is not the largest company out there, but it saw a decent share price...
New Narrative • Mar 19
Investment In Clean Energy And Healthcare Sectors Will Strengthen Future Prospects
The accelerated restructuring program, capital expenditure, and share buyback are poised to enhance profitability, operating margins, and earnings per share.Analysis Article • Mar 01
Morgan Advanced Materials plc's (LON:MGAM) Shares Not Telling The Full Story
Morgan Advanced Materials plc's ( LON:MGAM ) price-to-earnings (or "P/E") ratio of 12x might make it look like a buy...Analysis Article • Sep 23
Is Now An Opportune Moment To Examine Morgan Advanced Materials plc (LON:MGAM)?
Morgan Advanced Materials plc ( LON:MGAM ), might not be a large cap stock, but it received a lot of attention from a...Analysis Article • Sep 07
Here's Why Morgan Advanced Materials (LON:MGAM) Can Manage Its Debt Responsibly
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Aug 09
Morgan Advanced Materials (LON:MGAM) Is Due To Pay A Dividend Of £0.054
The board of Morgan Advanced Materials plc ( LON:MGAM ) has announced that it will pay a dividend of £0.054 per share...Analysis Article • May 24
Is There Now An Opportunity In Morgan Advanced Materials plc (LON:MGAM)?
While Morgan Advanced Materials plc ( LON:MGAM ) might not have the largest market cap around , it led the LSE gainers...Analysis Article • Apr 25
Here's What To Make Of Morgan Advanced Materials' (LON:MGAM) Decelerating Rates Of Return
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Mar 20
There May Be Reason For Hope In Morgan Advanced Materials' (LON:MGAM) Disappointing Earnings
Soft earnings didn't appear to concern Morgan Advanced Materials plc's ( LON:MGAM ) shareholders over the last week. We...Analysis Article • Dec 20
Here's Why Morgan Advanced Materials (LON:MGAM) Has A Meaningful Debt Burden
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Nov 04
Is It Too Late To Consider Buying Morgan Advanced Materials plc (LON:MGAM)?
Morgan Advanced Materials plc ( LON:MGAM ), is not the largest company out there, but it received a lot of attention...Analysis Article • Sep 10
Morgan Advanced Materials (LON:MGAM) Is Paying Out A Dividend Of £0.053
Morgan Advanced Materials plc's ( LON:MGAM ) investors are due to receive a payment of £0.053 per share on 17th of...Analysis Article • Aug 27
Morgan Advanced Materials (LON:MGAM) Has Affirmed Its Dividend Of £0.053
The board of Morgan Advanced Materials plc ( LON:MGAM ) has announced that it will pay a dividend of £0.053 per share...Analysis Article • Aug 08
Morgan Advanced Materials (LON:MGAM) Will Pay A Dividend Of £0.053
Morgan Advanced Materials plc's ( LON:MGAM ) investors are due to receive a payment of £0.053 per share on 17th of...Analysis Article • Jun 12
Does Morgan Advanced Materials (LON:MGAM) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Feb 08
A Look At The Fair Value Of Morgan Advanced Materials plc (LON:MGAM)
Today we will run through one way of estimating the intrinsic value of Morgan Advanced Materials plc ( LON:MGAM ) by...Shareholder Returns
| MGAM | GB Machinery | GB Market | |
|---|---|---|---|
| 7D | -0.4% | -1.4% | -0.9% |
| 1Y | 6.0% | 16.2% | 18.0% |
Return vs Industry: MGAM underperformed the UK Machinery industry which returned 16.2% over the past year.
Return vs Market: MGAM underperformed the UK Market which returned 18% over the past year.
Price Volatility
| MGAM volatility | |
|---|---|
| MGAM Average Weekly Movement | 5.0% |
| Machinery Industry Average Movement | 5.6% |
| Market Average Movement | 5.7% |
| 10% most volatile stocks in GB Market | 12.0% |
| 10% least volatile stocks in GB Market | 3.2% |
Stable Share Price: MGAM has not had significant price volatility in the past 3 months compared to the UK market.
Volatility Over Time: MGAM's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1856 | 8,088 | Damien Caby | www.morganadvancedmaterials.com |
Morgan Advanced Materials plc manufactures and sells various carbon and ceramic products. The company operates through Thermal Products, Performance Carbon, and Technical Ceramics segments. The Thermal Products segment manufactures products, systems, and solutions, such as crucibles, foundry products, furnace industries furnace range products, insulating fibre and microporous products, firebricks and mortars, and heat shields used in industrial metal processing, petrochemicals, cement, ceramics, and glass, as well as by manufacturers of equipment for aerospace, automotive, marine, and domestic applications.
Morgan Advanced Materials plc Fundamentals Summary
| MGAM fundamental statistics | |
|---|---|
| Market cap | UK£634.49m |
| Earnings (TTM) | -UK£2.60m |
| Revenue (TTM) | UK£996.60m |
0.6x
P/S Ratio-242.4x
P/E RatioIs MGAM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MGAM income statement (TTM) | |
|---|---|
| Revenue | UK£996.60m |
| Cost of Revenue | UK£909.60m |
| Gross Profit | UK£87.00m |
| Other Expenses | UK£89.60m |
| Earnings | -UK£2.60m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Aug 06, 2026
| Earnings per share (EPS) | -0.0094 |
| Gross Margin | 8.73% |
| Net Profit Margin | -0.26% |
| Debt/Equity Ratio | 89.3% |
How did MGAM perform over the long term?
See historical performance and comparisonDividends
5.4%
Current Dividend Yield-1,312%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/03 18:08 |
| End of Day Share Price | 2026/06/03 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Morgan Advanced Materials plc is covered by 20 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jonathan Hurn | Barclays |
| Andrew Simms | Berenberg |
| Robert Chantry | Berenberg |