MTRN
Materion Corporation
NYSE: MTRN · BASIC MATERIALS · OTHER INDUSTRIAL METALS & MINING
$274.95
+4.18% today
Updated 2026-06-18
Market cap
$5.14B
P/E ratio
67.56
P/S ratio
2.68x
EPS (TTM)
$3.66
Dividend yield
0.23%
52W range
$76 – $257
Volume
0.3M
Materion Corporation (MTRN) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed MTRN price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$274.95
Today
Analyst consensus
$211.00
-23.26% · 12M
2030 Base
$219.76
-20.07% future
NPV today
$140.44
@ 10% WACC
6 analysts:
4 Buy2 Hold0 Sell
Management guidance
Materion management reaffirmed full-year 2026 adjusted EPS guidance of $6.00-$6.50 with increased confidence in reaching the upper end, supported by record backlog and low double-digit top-line growth expectations. CEO Jugal Vijayvargiya indicated strong demand across Electronic Materials, Precision Optics, and aerospace/defense end markets driven by AI and semiconductor capex cycles. Management expects continued sequential EPS growth through 2026 quarters, implying 2026 full-year revenue approaching $2.4B+ (vs. $1.79B in 2025, representing 25%+ growth).
Sources: Management guidance, analyst consensus, sector analysishigh confidence
MTRN · Materion Corporation · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$219.76
NPV today: $140.44
Base case (2030)
$219.76
NPV today: $140.44
Bull case (2030)
$434.42
NPV today: $277.62
WallStSmart.com
MTRN financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $1.8B | $2.4B | $2.9B | $3.4B | $4.0B | $4.5B |
| Revenue growth | 6.0% | 32.9% | 21.4% | 18.3% | 16.4% | 13.3% |
| Net margin | — | 5.6% | 5.9% | 6.0% | 6.0% | 6.0% |
| EPS | $5.44 | $6.40 | $8.15 | $9.85 | $11.35 | $12.80 |
| Diluted shares | — | 21M | 21M | 21M | 21M | 21M |
| Net debt | — | $-14.87M | $-32.92M | $-54.28M | $-79.15M | $-107.32M |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $114.90 | $139.95 | $166.02 | $193.58 | $219.76 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $4.5B | $4.5B | $4.5B |
| P/S multiple | 1.0x | 1.0x | 2.0x |
| Diluted shares | 21M | 21M | 21M |
| Net debt | $-107.32M | $-107.32M | $-107.32M |
| Implied P/E † | 17x | 17x | 34x |
| 2030 Price | $219.76 | $219.76 | $434.42 |
| NPV @ 10% | $140.44 | $140.44 | $277.62 |
† Implied P/E: Multiples remain elevated across all three scenarios because MTRN is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $219.76 base case
MTRN catalysts and risks
Growth catalysts
+ Record backlog conversion into 2026-2027 revenue, particularly in aerospace, defense, semiconductors, and AI-driven end markets
+ Continued operational margin expansion through Electronic Materials and Precision Optics record profitability achieved in Q1 2026
+ Hyperscaler capex cycle continuation (Meta, Microsoft, Google, Tesla AI infrastructure buildout through 2027-2028)
+ Multi-year customer contracts and strategic supply agreements (e.g., Commonwealth Fusion Systems beryllium fluoride deal signals future revenue streams)
+ 14th consecutive dividend increase demonstrates cash generation confidence and management's bullish outlook
Key risks
- Concentration risk: Heavy exposure to cyclical semiconductor and aerospace/defense end markets; China semiconductor slowdown could pressure volumes
- Precision Clad Strip segment underperformance noted in Q1 2026; recovery trajectory uncertain
- Raw material cost inflation and supply chain volatility could pressure gross margins despite strong pricing
- High valuation multiple (P/E 55.6x, P/S 2.24x) leaves limited room for execution missteps or growth deceleration
- Insider selling signal: Director Vinod Khilnani sold $517K in stock near 52-week highs in May 2026, suggesting potential caution at current valuations
Methodology · Materion Corporation 2030 stock forecast model
Materion Corporation 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 6 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for MTRN by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-107.32M by 2030) |
| 3. Time value | NPV calculated using 10% WACC (CAPM: beta 1.033) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 2.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
MTRN price target FAQ
What is the MTRN price target for 2030?
WallStSmart's Materion Corporation 2030 base case is $219.76 per share, with a bull case of $434.42 and bear case of $219.76. The NPV of the base case discounted to today at 10% WACC is $140.44.
How is the Materion Corporation 2030 stock forecast calculated?
The MTRN 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the MTRN price target account for dilution?
Materion Corporation is projected to grow diluted share count from 21M to 21M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on MTRN stock?
6 analysts cover MTRN with an average 12-month price target of $211.00. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.