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Matthews International Corporation(MATW)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for MATW
10/23/2026: MATW (1-star) is currently NOT-A-BUY. Pass it for now.
Matthews International Corporation is a diversified industrial firm operating across memorialization, brand solutions, and specialized energy technologies. The company maintains a leading position in the funeral services market, providing steady cash flow, while its Industrial Technologies segment acts as a growth driver in the battery manufacturing space. While Matthews benefits from a resilient revenue mix, investors should be mindful of its high debt levels, which remain a primary financial risk. The company is best suited for value and dividend-focused investors, though growth-oriented investors may find interest in the energy technology segment. Key developments to monitor include the company's deleveraging progress and the scaling of its energy storage equipment business.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Growth is largely dependent on the success of the Industrial Technologies energy storage segment rather than explosive company-wide growth. |
| Momentum investor | Weak fit | The stock often lacks consistent short-term momentum due to the steady, cyclical nature of its mature business segments. |
| Value investor | Strong fit | The company often trades at valuations that reflect its stable memorialization business and potential upside in new technologies. |
| Dividend investor | Strong fit | Matthews has a consistent track record of returning capital to shareholders through regular dividend payments. |
| Low-risk investor | Mixed fit | While memorialization is stable, the company's debt levels and industrial exposure introduce volatility risks. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | The stock can react sharply to earnings reports involving the Industrial Technologies segment's project wins or delays. |
| Valuation risk | Medium | Investor sentiment regarding the energy storage business can significantly influence the P/E multiple. |
| Competition risk (Industrial and Packaging) | Medium / high | Facing specialized, well-capitalized competitors requires constant innovation to maintain market position. |
| Business quality | Medium | The business possesses strong niche market shares but carries significant debt from previous acquisitions. |
| Dividend income | Medium | The dividend is supported by stable segments but could be impacted by major capital allocation needs. |
| Execution risk | Medium | Successfully scaling the energy storage business remains a critical execution hurdle for long-term value creation. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit -30.56% | Avg. Invested days 29 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 601.17M USD | Price to earnings Ratio - | 1Y Target Price 31.33 |
Price to earnings Ratio - | 1Y Target Price 31.33 | ||
Volume (30-day avg) 997.4K shares | Beta 1.04 | 52 Weeks Range 18.42 - 30.32 | Updated Date 10/24/2026 |
52 Weeks Range 18.42 - 30.32 | Updated Date 10/24/2026 | ||
Dividends yield (FY) 5.30% | Basic EPS (TTM) -0.95 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Memorialization | Caskets, monuments, and cremation equipment sold to funeral homes and cemeteries. | This is a stable, cash-generative core that provides baseline revenue for the company. |
| SGK Brand Solutions | Packaging design, brand consulting, and marketing services for consumer brands. | A service-oriented business linked to the health of global consumer brand spending. |
| Industrial Technologies | Marking, coding, and battery manufacturing technology equipment. | The primary growth engine for the company tied to industrial automation and clean energy infrastructure. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 11.15 | Enterprise Value 1.21B | Price to Sales(TTM) 0.54 |
Enterprise Value 1.21B | Price to Sales(TTM) 0.54 | ||
Enterprise Value to Revenue 1.09 | Enterprise Value to EBITDA 11.1 | Shares Outstanding 31.21M | Shares Floating 25.67M |
Shares Outstanding 31.21M | Shares Floating 25.67M | ||
Percent Insiders 4.85 | Percent Institutions 103.66 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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