Morgan Advanced Materials/£MGAM
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Morgan Advanced Materials
Morgan Advanced Materials plc, operating under the ticker MGAM, is a UK-based company renowned for its production of advanced carbon and ceramic materials. The company specializes in engineering high-performance materials utilized in various industrial sectors, including healthcare, electronics, and transportation. Founded in 1856, Morgan Advanced Materials has expanded its influence globally, focusing on delivering tailored solutions that address specific material challenges faced by their diverse client base.
- Ticker
- £MGAM
- Sector
- Industrials
- Primary listing
- LSE
- Employees
- 8,088
- Headquarters
- Windsor, United Kingdom
MGAM Metrics
BasicAdvanced
£722M
39.23
£0.07
1.22
£0.12
4.69%
Price and volume
Market cap
£722M
Beta
1.22
52-week high
£2.95
52-week low
£1.80
Average daily volume
807K
Dividend rate
£0.12
Financial strength
Current ratio
1.36
Quick ratio
0.885
Long term debt to equity
0.831
Total debt to equity
1.148
Dividend payout ratio (TTM)
183.70%
Interest coverage (TTM)
3.66%
Profitability
EBITDA (TTM)
124.5
Gross margin (TTM)
9.14%
Net profit margin (TTM)
1.82%
Operating margin (TTM)
8.97%
Effective tax rate (TTM)
93.91%
Revenue per employee (TTM)
£130,000
Management effectiveness
Return on assets (TTM)
5.48%
Return on equity (TTM)
0.34%
Valuation
Price to earnings (TTM)
39.228
Price to revenue (TTM)
0.712
Price to book
2.26
Price to tangible book (TTM)
4.78
Price to free cash flow (TTM)
13.757
Free cash flow yield (TTM)
7.27%
Free cash flow per share (TTM)
0.189
Dividend yield (TTM)
4.69%
Growth
Revenue change (TTM)
2.24%
Earnings per share change (TTM)
-32.36%
3-year revenue growth (CAGR)
-3.77%
10-year revenue growth (CAGR)
0.98%
3-year earnings per share growth (CAGR)
-31.81%
10-year earnings per share growth (CAGR)
-4.69%
3-year dividend per share growth (CAGR)
0.55%
10-year dividend per share growth (CAGR)
1.04%
What the Analysts think about MGAM
Analyst ratings (Buy, Hold, Sell) for Morgan Advanced Materials stock.
Analyst projections of the future price of Morgan Advanced Materials stock.
Bulls say / Bears say
Technical Ceramics grew 7.8% in the first half, with its operating margin rising to 13% as demand for aerospace components and gas-turbine applications strengthened. This gives Morgan exposure to end markets showing real momentum. (Stock Analysis, Morgan Advanced Materials)
The turnaround and procurement programme offers scope for meaningful self-help: two major site turnarounds are under way, and management targets at least £20m of margin improvement by 2028 as it pursues a 12% group margin. (Morgan Advanced Materials, Edison Group)
A sale is one option in the ongoing Thermal Products review, and RBC sees potential value from a disposal. If completed on attractive terms, it could sharpen the portfolio and support margins, though the process remains preliminary. (Proactive Investors, Morgan Advanced Materials)
Underlying growth is modest: first-half organic growth was 3% excluding an £8.9m take-or-pay benefit that will not recur, while management expects around 2% full-year organic growth. (Morgan Advanced Materials, Edison Group)
Cash generation and leverage remain a concern: first-half free cash flow was £3.5m and net debt stood at 2.0 times EBITDA, above the 1.0–1.5 times target, while restructuring and ERP spending continue. (Edison Group, Stock Analysis)
After a 28% three-month share-price rise, Citi downgraded Morgan to neutral, arguing that subdued organic growth leaves limited upside at the current valuation. It also judged the potential value from a Thermal Products sale to be modest. (Proactive Investors)
Data summarised monthly by Lightyear AI. Last updated on 22 Oct 2026.
MGAM Financial Performance
Revenues and expenses
MGAM Earnings Performance
Company profitability
Upcoming events
Funds containing MGAM
AllGBPUSDEUR
Fund name | Fund size | £MGAM weighting |
|---|---|---|
L&G UK Quality Dividends Equal Weight£LDUK | £81M | 1.14% |
Vanguard FTSE 250£VMIG | £569M | 0.24% |
Vanguard FTSE 250£VMID | £1.5B | 0.24% |
iShares FTSE 250£MIDD | £672M | 0.23% |
Xtrackers MSCI Europe Small Cap£XXSC | $3.6B | 0.07% |
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by London Stock Exchange, through Infront.