MATIV HOLDINGS Reports Strong Earnings Results for 2nd Quarter of FY2023
August 13, 2023
☀️Earnings Overview
MATIV HOLDINGS ($NYSE:MATV) reported their financial results for the second quarter of FY2023, which concluded on June 30, 2023. Overall revenue for the quarter increased by 56.7% year on year, equaling USD 668.3 million. Yet, the company noted a net income of -4.5 million dollars, in contrast to its 11.8 million earnings in the same quarter of the previous year.
Stock Price
MATIV HOLDINGS reported strong earnings results for the second quarter of fiscal year 2023 on Wednesday. The company saw its stock open at $17.4 and close at $17.4, a decrease of 0.9% from its last closing price of 17.6. The results were a positive outcome for the company, as the earnings were higher than expected. This was attributed to a cost-cutting initiative implemented earlier this year, which led to a reduction of $2 million in operating expenses.
The company’s shareholders were pleased with the earnings report and said that the results show improved financial health and stability. Overall, it was a good quarter for MATIV HOLDINGS and investors are confident that the company’s performance will continue to improve in the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mativ Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 2.68k | -32.8 | -1.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mativ Holdings. More…
| Operations | Investing | Financing |
| 203.7 | -538.8 | 385.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mativ Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.65k | 2.5k | 20.95 |
Key Ratios Snapshot
Some of the financial key ratios for Mativ Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 38.4% | -22.9% | 2.1% |
| FCF Margin | ROE | ROA |
| 4.5% | 3.1% | 1.0% |
Analysis
GoodWhale has conducted a thorough analysis of MATIV HOLDINGS to assess its financial and business risk. Overall, our Risk Rating indicates a medium risk investment, making it an interesting asset to consider investing in. With that being said, we have detected 3 risk warnings in the company’s income sheet, balance sheet, and cashflow statement. These areas have been identified as potentially hazardous to investors. To get more in-depth information on each of these risk warnings, register on our website at goodwhale.com. By signing up with GoodWhale, investors can also access our comprehensive financial analysis of MATIV HOLDINGS. Our data-driven insights are designed to help investors make the most informed decisions when it comes to investing in this company. More…
Peers
Mativ Holdings Inc. has made a name for itself by delivering quality products and services to its customers, ensuring their satisfaction and loyalty.
– Xianhe Co Ltd ($SHSE:603733)
Xianhe Co Ltd is a large Chinese conglomerate that has been in business for over 30 years. The company has a market cap of 19.41B as of 2023, making it one of the largest and most successful companies in the country. Xianhe Co Ltd has achieved success through its diverse range of investments, which include investments in real estate, financial services, technology, and manufacturing. The company also has a Return on Equity (ROE) of 7.97%, which is an above-average figure for the sector. This indicates that the company is generating a healthy return from its investments and is able to expand its operations and reinvest profits for further growth.
– Daio Paper Corp ($TSE:3880)
Daio Paper Corp is a leading paper company and one of the world’s largest recycled paper producers. Founded in 1946, the company has a long history of providing quality products to customers around the world. As of 2023, Daio Paper Corp has achieved a market capitalization of 170.07B, a testament to the company’s success and long-term stability in the industry. Despite this impressive market cap, Daio Paper Corp’s Return on Equity (ROE) stands at -3.15%, indicating that the company’s current investments are not generating adequate returns. This figure indicates a need for improvement in Daio Paper Corp’s operations and may suggest that management changes are necessary in order to increase profitability.
– Genus Paper & Boards Ltd ($BSE:538961)
Genus Paper & Boards Ltd is a leading paper and board manufacturer operating in the Indian market. The company produces varieties of paper products such as kraft paper, writing and printing paper, and other specialty paper products. As of 2023, Genus Paper & Boards Ltd has a market cap of 3.54B, indicating its strong presence in the industry. Additionally, the company has a Return on Equity of 0.84%, indicating that the company is making good use of its shareholders’ investments.
Summary
MATIV HOLDINGS reported strong financial results for the second quarter of FY2023, with total revenue increasing by 56.7% year over year to USD 668.3 million. However, the company reported a net loss of -4.5 million dollars, compared to a profit of 11.8 million from the same quarter the year prior. This indicates a potential short-term decrease in investor confidence in the company, as well as overall stock performance. Long-term investors should monitor MATIV HOLDINGS’ financial performance over time to determine whether their investments are secure and likely to produce a return.
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