Morgan Advanced Materials/£MGAM
1D1W1MYTD1Y5YMAX
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
£680M
37.19
£0.07
1.22
£0.12
4.95%
Price and volume
Market cap
£680M
Beta
1.22
52-week high
£2.61
52-week low
£1.80
Average daily volume
1.3M
Dividend rate
£0.12
Financial strength
Current ratio
1.36
Quick ratio
0.885
Long term debt to equity
83.117
Total debt to equity
114.762
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)
37.191
Price to revenue (TTM)
0.675
Price to book
2.13
Price to tangible book (TTM)
4.5
Price to free cash flow (TTM)
13.042
Free cash flow yield (TTM)
7.67%
Free cash flow per share (TTM)
0.189
Dividend yield (TTM)
4.95%
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
H1 2026 revenue of £518.1 million, up 3.1% year-on-year (4.8% organic constant-currency), underscores resilient demand in aerospace & defence ceramics and carbon solutions (Investegate).
Efficiency and simplification initiatives delivered a 250 bps margin uplift in H1 2026, with £16 million savings achieved in 2025 and a further £27 million targeted in 2026, accelerating progress towards a 12% adjusted operating margin by 2028 (MarketBeat).
Net debt/EBITDA leverage stood at 1.8x at June 2026 with management targeting a reduction to approximately 1.7x by year-end, reflecting disciplined capital allocation and anticipated proceeds from the planned Molten Metal Systems disposal (Morgan Advanced Materials).
Adjusted operating profit margin fell to 11.2% in H1 2026 from 11.4% a year earlier, pressured by operational issues in the Thermal Products division and a non-repeat £8.9 million semiconductor phasing benefit in H1 (Investegate).
Full-year organic constant-currency revenue growth is forecast at around 2% for 2026, constrained by macroeconomic headwinds in European industrial end-markets and foreign exchange pressures (Morgan Advanced Materials).
Exceptional ERP implementation and portfolio simplification costs, estimated at £22–24 million and ~£5 million respectively in 2026, will weigh on free cash flow and margin expansion in the near term (Morgan Advanced Materials).
Data summarised monthly by Lightyear AI. Last updated on 3 Sept 2026.
MGAM Financial Performance
Revenues and expenses
MGAM Earnings Performance
Company profitability
Upcoming events
Funds containing MGAM
AllGBPEURUSD
Fund name | Fund size | £MGAM weighting |
|---|---|---|
iShares FTSE 250£MIDD | £661M | 0.21% |
Vanguard FTSE 250£VMID | £1.6B | 0.20% |
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.06% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.06% |
L&G Global Quality Dividends£LDGG | £279M | 0.02% |
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.