MATV
Mativ Holdings, Inc.
MATV's fundamentals are strong and it looks cheap: trading at 7.2x earnings, below its usual 12x. Analysts expect strong earnings growth.
MATV Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Weak |
MATV's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is weak.
MATV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.2x | $12.17 | +1.4% |
| Current | 7.2x | $12.01 | — |
| Forward | 11x | $12.01 | — |
| Fair | 12x | $19.50 | +62% |
| Expensive | 18x | $29.90 | +149% |
Historical ranges are pointers, not guarantees.
MATV's PE is in its cheap range at 7.2x. On analysts' estimates for next year's earnings, today's price would be 11x, in its fair range.
MATV Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect MATV's earnings to grow and its profitability to improve, with its revenue holding steady.
MATV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.12 | -33% |
| Q3 2026 | $1.68 | +$9.71 |
| Q2 2026 | $1.65 | +$10.00 |
| Q1 2026 | $1.41 | +$9.61 |
| Q4 2025 | -$6.19 | -$5.29 |
| Q3 2025 | -$8.03 | -516% |
| Q2 2025 | -$8.35 | -$2.33 |
| Q1 2025 | -$8.20 | -$2.13 |
| Q4 2024 | -$0.90 | +$4.79 |
MATV has returned to profit: it earned $1.68 per share over the past year, after losing money the year before.
MATV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $499.5M | -2.8% |
| Q2 2026 | $531.8M | +1.2% |
| Q1 2026 | $479.6M | -1.1% |
| Q4 2025 | $463.1M | +1% |
| Q3 2025 | $513.7M | +3% |
| Q2 2025 | $525.4M | +0.3% |
| Q1 2025 | $484.8M | -3.1% |
| Q4 2024 | $458.6M | +1.4% |
MATV's revenue fell from its 2023 peak and has held roughly level since: $500M last quarter, down 2.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4% | +0.9 points |
| Q2 2026 | 6.6% | +2.8 points |
| Q1 2026 | 1.5% | +90 points |
| Q4 2025 | 2.2% | +1.6 points |
| Q3 2025 | 3.1% | +1.7 points |
| Q2 2025 | 3.8% | +1.8 points |
| Q1 2025 | -89% | -86 points |
| Q4 2024 | 0.6% | +1.1 points |
MATV's operating margin was 4% last quarter, up 0.9 points from the same quarter a year ago.
MATV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $37.5M | -44% |
| Q2 2026 | $60.4M | +24% |
| Q1 2026 | -$7.4M | +$22.4M |
| Q4 2025 | $8M | +300% |
| Q3 2025 | $66.7M | +162% |
| Q2 2025 | $48.9M | +31% |
| Q1 2025 | -$29.8M | -$4.7M |
| Q4 2024 | $2M | -95% |
MATV still generates free cash flow, though less than at its 2022 peak: $99M over the past year.
MATV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -489K shares |
| 1 year | +0.9% | +518K shares |
| 3 years | +1% | +531K shares |
| 5 years | +76% | +23.8M shares |
| Available history | +79% | +24.4M shares |
MATV has 55M diluted shares, up 0.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2024 | — |
| Q2 2024 | $100,000 |
| Q1 2024 | $700,000 |
| Q4 2023 | $3.6M |
| Q3 2023 | $4.2M |
| Q2 2023 | $1.5M |
| Q1 2023 | $1.3M |
| Q4 2022 | $500,000 |
MATV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.2x | High |
| Q2 2026 | 4.4x | High |
| Q1 2026 | 4.9x | High |
| Q4 2024 | 6.6x | High |
| Q3 2024 | 6.8x | High |
| Q2 2023 | 7.5x | High |
| Q1 2023 | 8.3x | High |
| Q4 2022 | 8.7x | High |
MATV's net debt is about 4.2 years of its operating earnings (EBITDA), down from 6.8 years a year ago.
MATV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.2 | Neutral |
| Stochastic | 52.3 | Neutral |
MATV's weekly RSI is 57 (neutral) and its Stochastic is 52 (neutral).
MATV PE vs Basic Materials Sector
| Metric | MATV | Sector median | Relative |
|---|---|---|---|
| PE | 7.2x | 19x | 62% below |
| PE % | 15 | 40 | 25 pts below |
MATV is trading at 7.2x earnings, a 62% discount to the Basic Materials sector's median of 19x.
MATV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.7 | 2.5% above |
| 20 week MA | $11.0 | 9.2% above |
| 50 week MA | $10.6 | 13% above |
| 100 week MA | $9.68 | 24% above |
| 200 week MA | $13.3 | 9.8% below |
MATV has bounced recently, but its long-term trend is still down: it's above its 8-, 20-, 50- and 100-week averages, but 9.8% below its 200-week average.
MATV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.8 | $40.3 | -3.5% |
| 2021 | $40.3 | $29.8 | -26% |
| 2022 | $29.8 | $21.4 | -28% |
| 2023 | $21.4 | $15.3 | -28% |
| 2024 | $15.3 | $11.0 | -28% |
| 2025 | $11.0 | $12.4 | +13% |
| 2026 YTD | $12.4 | $12.0 | -3.5% |
MATV has finished lower in five of the last six years. It's down 3.5% so far in 2026.