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Matthews International Corp

Matthews International Corp

MATW
$27.46USD↓-1.75%-0.49 today

MARKET CAP

856.8M

P/E (TTM)

28.6x

FWD P/E

24.9x

DAY RANGE

$27 – $28

52W RANGE

$22
$31

AI Summary

Stalk
TrimMedium

MATW remains in a Stage 4 decline within a confirmed long-term downtrend, and the medium-term tradable side is Bearish as price struggles under the 50-DMA and prior highs. Short-term timing is Neutral given the bounce into rising EMAs without clear rejection at resistance. We recommend trimming exposure into the 50-DMA/prior high zone (~27) on signs of rejection, deferring execution until bearish confirmation emerges.

  • ↑Memorialization segment drove $215M revenue (+4.5% YoY) with Dodge acquisition adding $10M/quarter.
  • ↑Long-term debt reduced from $822M to $579M, lowering cost of capital.
  • ↓Industrial technology revenue dropped to $43M vs. $81M YoY after key divestitures.
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The case for & against

Bull & Bear analysis

Bullish

Matthews International Corporation (NASDAQ: MATW) operates primarily in the memorialization and industrial technology sectors, delivering products and services focused on remembrance and innovation. The company has been through significant portfolio transformations, divesting several lower-margin businesses, including SGK, while strategically investing in high-potential areas like energy storage technology and memorialization. As it navigates this transformation, Matthews is attempting to strengthen its position amidst changing market dynamics and competitive pressures.

Bull says

  • ↑Memorialization segment drove $215M revenue (+4.5% YoY) with Dodge acquisition adding $10M/quarter.
  • ↑Long-term debt reduced from $822M to $579M, lowering cost of capital.
  • ↑Propelis acquisition synergies targeting >$180M adjusted EBITDA by FY2026.
  • ↑Axiom printhead addresses a $2B market with strong initial demand.
  • ↑High earnings yield, strong momentum, solid book-to-price and dividend yield support valuation.
  • ↑Dry battery electrode tech positions Matthews in growing EV supply chain.

Bear says

  • ↓Industrial technology revenue dropped to $43M vs. $81M YoY after key divestitures.
  • ↓Operating cash flow swung to a $67.4M outflow vs. +$18.7M prior year.
  • ↓Net loss of $21.8M vs. $8.9M reflects margin pressures.
  • ↓Negative growth and weak profitability factors raise return concerns.
  • ↓Tariffs and geopolitical volatility may disrupt costs and supply chains.
  • ↓Low institutional ownership and analyst cuts signal negative market sentiment.

Earnings Call · Q2 2025 · Mgmt. Guidance

Updated 05-30-2026neutral

Transcript signals

Bull points

  • we expect total initial consideration from the sale of our brand solution segment to approach $400 million
  • Our current projections expect over $50 million of synergy to be achieved post-integration, at which time we intend to exit our ownership
  • Our current expectation is that we will receive an additional $300 million from this investment as well

Bear points

  • Consolidated sales came in generally as expected, but lower on a year-over-year basis, primarily due to the challenge faced by our energy solutions business
  • we reported $428 million in consolidated sales in the fiscal 2025 second quarter, compared to $471 million in the second quarter of 24
  • Adjusted EBIT, though, was $51.4 million in the second quarter of 2025 compared to $56.8 million in the 2024 corresponding period
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