Added to YB: 2026-06-16
Pitch date: 2026-06-12
MATW [neutral]
Matthews International Corporation
-2.54%
current return
Author Info
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Company Info
Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide.
Market Cap
$836.8M
Pitch Price
$27.12
Price Target
N/A
Dividend
3.80%
EV/EBITDA
13.48
P/E
86.25
EV/Sales
1.19
Sector
Diversified Consumer Services
Category
value
$MATW: a casket maker with a battery-tech stub the market grades at zero
MATW (overview): Deathcare cash cow (Memorialization: $215M sales, $48.8M adj EBITDA/qtr) where market values battery-tech (DBE) stub at ~zero. Simplification story: debt cut $132M to $579M, SGK into Propelis JV (40% stake). ~$26.50, $828M cap, 3.8% yield, FY26 EBITDA guide ≥$180M. Arbitrator OK'd 3rd-party DBE sales; orders expected 2H FY26. SOTP: Memorialization covers most EV, leaving DBE+Propelis as cheap option. Risks: declining cremation mix, DBE perpetually 'about to convert,' Barington standstill thru 2028 = no activist catalyst.
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