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1. Company Snapshot

1.a. Company Description

Mativ Holdings, Inc.operates as a performance materials company.The company operates through two segments, Advanced Materials & Structures (AMS), and Engineered Papers (EP).


The AMS segment manufactures resin-based rolled goods, such as nets, films and meltblown materials, bonding products, and adhesive components, as well as adhesives and other coating solutions, and converting services.It serves healthcare, construction, industrial, transportation, and filtration end-markets.The EP segment produces various cigarette papers and reconstituted tobacco products for the tobacco industry.


It also produces non-tobacco papers for various applications, such as energy storage and industrial commodity paper grades.The company sells its products in the United States, Europe and the former Commonwealth of Independent States, the Asia Pacific, the Americas, and internationally.The company was formerly known as Schweitzer-Mauduit International, Inc.


and changed its name to Mativ Holdings, Inc.in July 2022.Mativ Holdings, Inc.


was incorporated in 1995 and is headquartered in Alpharetta, Georgia.

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1.b. Last Insights on MATV

Mativ Holdings' recent performance was negatively impacted by the departure of its CEO, Julie Schertell, who stepped down on March 11, 2025, and was succeeded by Shruti Singhal. The company's leadership change may lead to a period of uncertainty and potential disruption to its operations. Additionally, the upcoming first quarter 2025 earnings release on May 7, 2025, may reveal further challenges for the company.

1.c. Company Highlights

2. Mativ's Q4 2025 Earnings: A Strong Finish to a Transformational Year

Mativ reported a robust Q4 2025, with net sales reaching $463 million, up 1.9% organically compared to the prior year. The company's adjusted EBITDA was $53.5 million, marking a significant improvement in its financial performance. The actual EPS of $0.15 beat the consensus estimate, demonstrating a strong finish to the year. For the full year 2025, Mativ achieved net sales of $1.86 billion and adjusted EBITDA of $225 million, up 3% versus the prior year.

Publication Date: Mar -09

📋 Highlights

Segment Performance

The Filtration and Advanced Materials segment had an outstanding quarter, building on its momentum from the previous quarter, with growth in transportation and industrial filtration, netting, and films business. In contrast, the Sustainable and Adhesive Solutions segment sales were down slightly on an organic basis, driven by lower-than-expected volumes. However, Mativ remains optimistic about overcoming these pockets of softness and is confident in its ability to adapt effectively as market conditions evolve throughout 2026.

Guidance and Outlook

Looking ahead to 2026, Mativ expects to navigate an anemic end market demand environment in the first quarter, which is expected to negatively impact its volume growth and operating efficiencies. However, the company anticipates Q1 adjusted EBITDA to increase by 15% to 20% versus the prior year, driven by a slightly favorable price-to-input cost ratio, operational improvements, and SG&A savings. Analysts estimate next year's revenue growth at 4.2%, indicating a positive outlook for the company's top-line performance.

Valuation and Returns

With a P/E Ratio of -1.52 and an EV/EBITDA of 9.08, Mativ's valuation appears reasonable, considering its robust financial performance and growth prospects. The company's Free Cash Flow Yield of 18.26% is also attractive, indicating a strong ability to generate cash. The Net Debt to EBITDA ratio of 6.07 suggests that Mativ still has some leverage to reduce its debt burden. As the company continues to execute its strategy and drive growth, investors may be rewarded with improved returns.

Operational Highlights

Mativ's operational strategy is centered around its three core pillars: enhanced commercial excellence, balance sheet strengthening, and portfolio optimization. The company has made significant progress in these areas, with a unified sales force collaborating across segments, prudent inventory management, and aggressive expense control. The closure of an underperforming facility in Wilson, North Carolina, and optimization of its supply chain support infrastructure are examples of the company's efforts to optimize its portfolio.

3. NewsRoom

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JPMorgan Leads $500M Mativ Loan at 95 Amid Weak Demand

Mar -31

Source: gurufocus.com

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Mativ Announces Participation in Upcoming Investor Conference

Feb -23

Source: businesswire.com

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Mativ (NYSE:MATV) Shares Gap Down – Should You Sell?

Feb -22

Source: defenseworld.net

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Mativ Holdings, Inc. (MATV) Q4 2025 Earnings Call Transcript

Feb -20

Source: seekingalpha.com

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Mativ Holdings (MATV) Q4 Earnings and Revenues Beat Estimates

Feb -18

Source: zacks.com

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Mativ Announces Fourth Quarter and Full Year 2025 Results

Feb -18

Source: businesswire.com

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Mativ Announces Conference Call to Discuss Fourth Quarter and Full Year 2025 Results

Feb -03

Source: businesswire.com

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Mativ-Miru Collaboration Accelerates Automotive eWindow Deployment

Jan -20

Source: zacks.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (6.56%)

6. Segments

Advanced Technical Materials

Expected Growth: 6.5%

Advanced Technical Materials from Mativ Holdings, Inc. growth of 6.5% driven by increasing demand for sustainable packaging, rising adoption of electric vehicles, and growing need for advanced materials in industrial and consumer applications, coupled with Mativ's strategic acquisitions and investments in R&D.

Fiber-Based Solutions

Expected Growth: 6.8%

Mativ Holdings' Fiber-Based Solutions segment growth of 6.8% is driven by increasing demand for sustainable packaging, rising e-commerce sales, and growing adoption of fiber-based products in the food service industry. Additionally, the company's strategic acquisitions and investments in innovative technologies have enhanced its production capabilities, further contributing to the segment's growth.

7. Detailed Products

Cigarette Paper

Mativ Holdings, Inc. offers a range of cigarette paper products, including rolling papers, tubes, and filters, catering to the tobacco industry.

Filter Products

The company provides a variety of filter products, including acetate and paper filters, used in the manufacturing of cigarettes and other tobacco products.

Specialty Papers

Mativ Holdings, Inc. offers specialty papers for various applications, including food wrapping, medical, and industrial uses.

Reconstituted Tobacco

The company provides reconstituted tobacco products, which are used to enhance the flavor and quality of tobacco products.

E-Vapor Products

Mativ Holdings, Inc. offers e-vapor products, including e-liquids, cartridges, and other vaping accessories.

8. Mativ Holdings, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Mativ Holdings, Inc. is moderate due to the availability of alternative products and services in the market.

Bargaining Power Of Customers

The bargaining power of customers is high due to the concentration of buyers in the market, giving them significant negotiating power.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low due to the availability of multiple suppliers in the market, reducing their negotiating power.

Threat Of New Entrants

The threat of new entrants is moderate due to the moderate barriers to entry and the availability of resources in the market.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of several competitors in the market, leading to a highly competitive environment.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 54.04%
Debt Cost 7.31%
Equity Weight 45.96%
Equity Cost 7.70%
WACC 7.49%
Leverage 117.57%

11. Quality Control: Mativ Holdings, Inc. passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
UFP Industries

A-Score: 5.3/10

Value: 6.2

Growth: 6.4

Quality: 5.8

Yield: 3.0

Momentum: 2.5

Volatility: 7.7

1-Year Total Return ->

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Stock-Card
Hawkins

A-Score: 4.7/10

Value: 1.8

Growth: 7.8

Quality: 6.6

Yield: 1.0

Momentum: 5.0

Volatility: 6.0

1-Year Total Return ->

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Stock-Card
Mativ

A-Score: 4.4/10

Value: 8.6

Growth: 1.9

Quality: 2.0

Yield: 7.0

Momentum: 5.0

Volatility: 2.0

1-Year Total Return ->

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Stock-Card
Jewett-Cameron Trading

A-Score: 4.3/10

Value: 10.0

Growth: 2.4

Quality: 4.8

Yield: 0.0

Momentum: 6.0

Volatility: 2.3

1-Year Total Return ->

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Stock-Card
Glatfelter

A-Score: 3.8/10

Value: 7.6

Growth: 4.8

Quality: 3.3

Yield: 1.0

Momentum: 6.0

Volatility: 0.3

1-Year Total Return ->

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Stock-Card
Clearwater Paper

A-Score: 2.9/10

Value: 8.2

Growth: 1.3

Quality: 3.2

Yield: 0.0

Momentum: 0.5

Volatility: 4.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

8.73$

Current Price

8.73$

Potential

-0.00%

Expected Cash-Flows