Added to YB: 2025-06-02
Pitch date: 2025-05-29
JMAT.L [bullish]
Johnson Matthey Plc
+23.08%
current return
Author Info
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Company Info
Johnson Matthey Plc engages in the clean air, catalyst and hydrogen technology, and platinum group metals (PGM) service businesses in the United Kingdom, Germany, rest of Europe, the United States, rest of North America, China, rest of Asia, and internationally.
Market Cap
GBP 3.0B
Pitch Price
GBP 16.59
Price Target
48.85 (+139%)
Dividend
4.34%
EV/EBITDA
7.19
P/E
8.40
EV/Sales
0.32
Sector
Chemicals
Category
growth
A PGMs Situation Starting to Shine - Johnson Matthey Plc
JMAT.L: Specialty chem co w/ PGM catalyst business sold to Honeywell for £1.8B (90% premium to analyst estimates). 88% of £1.6B net proceeds to be returned to shareholders. PGM prices up 21% YTD as supply tightens. Post-sale: streamlined focus on PGMs/auto catalysts, targeting 5% EBIT CAGR & £250M FCF by 2028. Upside: 107% base case, activist Standard Industries owns 11%.
Read full article (12 min)