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Matrix Service

DB:MX2
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MX2
DB
$226M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, mining, and minerals markets in the United States, Canada, and internationally. The last earnings update was 60 days ago. More info.


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  • Matrix Service has significant price volatility in the past 3 months.
MX2 Share Price and Events
7 Day Returns
-3.8%
DB:MX2
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-55.6%
DB:MX2
-57.2%
Europe Energy Services
-20.9%
DE Market
MX2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Matrix Service (MX2) -3.8% -28.7% -61.5% -55.6% -51.5% -59.6%
Europe Energy Services 8.1% -27.8% -50.1% -57.2% -65.6% -87.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • MX2 outperformed the Energy Services industry which returned -57.2% over the past year.
  • MX2 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
MX2
Industry
5yr Volatility vs Market

Value

 Is Matrix Service undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Matrix Service to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Matrix Service.

DB:MX2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:MX2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 21%) (21.3%))
1.043
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.043 * 5.44%)
5.29%

Discounted Cash Flow Calculation for DB:MX2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Matrix Service is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:MX2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.29%)
2020 -3.84 Analyst x1 -3.64
2021 11.13 Analyst x1 10.04
2022 6.37 Est @ -42.77% 5.46
2023 4.46 Est @ -30.06% 3.63
2024 3.51 Est @ -21.16% 2.72
2025 2.99 Est @ -14.93% 2.19
2026 2.67 Est @ -10.57% 1.86
2027 2.47 Est @ -7.51% 1.64
2028 2.34 Est @ -5.38% 1.47
2029 2.25 Est @ -3.88% 1.34
Present value of next 10 years cash flows $26.00
DB:MX2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $2.25 × (1 + -0.39%) ÷ (5.29% – -0.39%)
$39.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $39.45 ÷ (1 + 5.29%)10
$23.57
DB:MX2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $26.00 + $23.57
$49.57
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $49.57 / 26.68
$1.86
DB:MX2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MX2 represents 0.89953x of NasdaqGS:MTRX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89953x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 1.86 x 0.89953
€1.67
Value per share (EUR) From above. €1.67
Current discount Discount to share price of €7.70
= -1 x (€7.70 - €1.67) / €1.67
-360.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Matrix Service is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Matrix Service's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Matrix Service's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MX2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.00
NasdaqGS:MTRX Share Price ** NasdaqGS (2020-04-06) in USD $8.56
Europe Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 8.85x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Matrix Service.

DB:MX2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:MTRX Share Price ÷ EPS (both in USD)

= 8.56 ÷ 0.00

-2053.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Matrix Service is loss making, we can't compare its value to the Europe Energy Services industry average.
  • Matrix Service is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Matrix Service's expected growth come at a high price?
Raw Data
DB:MX2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2053.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
177.8%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 0.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Matrix Service, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Matrix Service's assets?
Raw Data
DB:MX2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $12.10
NasdaqGS:MTRX Share Price * NasdaqGS (2020-04-06) in USD $8.56
Europe Energy Services Industry PB Ratio Median Figure of 70 Publicly-Listed Energy Services Companies 0.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:MX2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:MTRX Share Price ÷ Book Value per Share (both in USD)

= 8.56 ÷ 12.10

0.71x

* Primary Listing of Matrix Service.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Matrix Service is overvalued based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Matrix Service's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Matrix Service has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Matrix Service expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
177.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Matrix Service expected to grow at an attractive rate?
  • Matrix Service's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Matrix Service's earnings growth is expected to exceed the Germany market average.
  • Matrix Service's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MX2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MX2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 177.8%
DB:MX2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -11%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MX2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MX2 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 1,153 41 26 2
2020-06-30 1,221 11 -18 2
2020-04-06
DB:MX2 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,414 67 0
2019-09-30 1,436 89 32
2019-06-30 1,417 41 28
2019-03-31 1,311 28 0
2018-12-31 1,198 59 -14
2018-09-30 1,140 77 -13
2018-06-30 1,092 75 -11
2018-03-31 1,090 53 2
2017-12-31 1,096 42 -6
2017-09-30 1,126 38 -6
2017-06-30 1,198 -19 0
2017-03-31 1,265 -17 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Matrix Service's earnings are expected to grow significantly at over 20% yearly.
  • Matrix Service's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MX2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Matrix Service Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MX2 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.96 1.10 0.81 2.00
2020-06-30 -0.69 -0.59 -0.78 2.00
2020-04-06
DB:MX2 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.00
2019-09-30 1.18
2019-06-30 1.04
2019-03-31 0.02
2018-12-31 -0.51
2018-09-30 -0.48
2018-06-30 -0.43
2018-03-31 0.08
2017-12-31 -0.24
2017-09-30 -0.21
2017-06-30 -0.01
2017-03-31 0.37

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Matrix Service will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Matrix Service's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Matrix Service has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Matrix Service performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Matrix Service's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Matrix Service does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Matrix Service's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Matrix Service's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Matrix Service's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Matrix Service Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MX2 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,414.38 -0.11 97.32
2019-09-30 1,436.27 31.83 96.51
2019-06-30 1,416.68 27.98 94.02
2019-03-31 1,311.05 0.49 88.24
2018-12-31 1,197.81 -13.60 84.88
2018-09-30 1,140.15 -13.00 84.05
2018-06-30 1,091.55 -11.48 84.42
2018-03-31 1,090.30 2.25 82.35
2017-12-31 1,095.89 -6.42 80.19
2017-09-30 1,125.64 -5.70 78.64
2017-06-30 1,197.51 -0.18 75.54
2017-03-31 1,265.31 9.91 75.85
2016-12-31 1,323.49 28.08 77.31
2016-09-30 1,334.37 28.26 77.20
2016-06-30 1,311.92 28.86 78.71
2016-03-31 1,316.70 30.65 81.44
2015-12-31 1,321.43 23.33 78.46
2015-09-30 1,340.78 21.18 78.22
2015-06-30 1,343.14 17.16 78.57
2015-03-31 1,323.08 13.80 77.23
2014-12-31 1,390.44 28.15 81.28
2014-09-30 1,358.56 35.17 80.98
2014-06-30 1,263.09 35.81 75.87
2014-03-31 1,154.29 35.62 70.33
2013-12-31 998.75 30.75 63.90
2013-09-30 909.18 25.88 58.13
2013-06-30 892.57 24.01 57.99

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Matrix Service has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Matrix Service has efficiently used its assets last year compared to the Europe Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Matrix Service improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Matrix Service's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Matrix Service has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Matrix Service's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Matrix Service's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Matrix Service is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Matrix Service's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Matrix Service's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 25.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Matrix Service Company Filings, last reported 3 months ago.

DB:MX2 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 322.80 14.82 110.50
2019-09-30 357.43 11.37 139.89
2019-06-30 351.96 5.35 89.72
2019-03-31 336.09 2.17 49.68
2018-12-31 323.59 0.00 71.49
2018-09-30 322.78 1.55 74.74
2018-06-30 318.84 0.00 64.06
2018-03-31 331.92 9.30 46.89
2017-12-31 335.59 50.91 74.09
2017-09-30 328.44 42.08 46.09
2017-06-30 321.81 44.68 43.81
2017-03-31 320.22 44.14 39.70
2016-12-31 329.83 72.41 66.23
2016-09-30 324.53 17.19 35.58
2016-06-30 315.57 0.00 71.66
2016-03-31 309.87 3.85 73.40
2015-12-31 304.92 7.23 82.43
2015-09-30 302.03 9.77 69.18
2015-06-30 284.55 8.80 79.24
2015-03-31 275.70 9.93 103.18
2014-12-31 281.79 11.79 68.57
2014-09-30 286.64 11.34 72.75
2014-06-30 282.28 11.62 77.12
2014-03-31 270.55 45.10 59.76
2013-12-31 258.14 23.19 73.29
2013-09-30 246.48 2.43 79.76
2013-06-30 238.16 0.00 63.75
  • Matrix Service's level of debt (4.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.2% vs 4.6% today).
  • Debt is well covered by operating cash flow (449%, greater than 20% of total debt).
  • Matrix Service is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Matrix Service's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Matrix Service has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Matrix Service's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Matrix Service dividends.
If you bought €2,000 of Matrix Service shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Matrix Service's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Matrix Service's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MX2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MX2 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-06-30
2020-06-30
2020-04-06

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Matrix Service has not reported any payouts.
  • Unable to verify if Matrix Service's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Matrix Service's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Matrix Service has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Matrix Service's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Matrix Service afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Matrix Service has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Matrix Service's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Hewitt
COMPENSATION $3,251,474
AGE 61
TENURE AS CEO 8.9 years
CEO Bio

Mr. John R. Hewitt has been the President and Chief Executive Officer at Matrix Service Company since joining in May 4, 2011. Mr. Hewitt serves as Senior Vice President at Aker Solutions, where he is responsible for providing executive oversight on major capital projects in Power and LNG. He previously served as President of United States Operations at Aker Solutions E&C US, Inc. from 2007 to 2009 where he was responsible for managing all construction services in North America. Prior to that, he served as President of Aker Construction Inc. where he had full profit and loss responsibility for a multi-disciplined direct hire industrial construction business operating throughout North America. Mr. Hewitt has been a Director at Matrix Service Company since May 2011. Mr. Hewitt has spent his entire career in the engineering, procurement and construction (EPC) industry. For the past 25 years, he has worked for various operating businesses of Aker Solutions ASA (Aker) and its predecessor companies, which provide engineering and construction services, technology products and integrated solutions to the energy and process industries worldwide. Mr. Hewitt is a member of the board of directors of Junior Achievement of Oklahoma, the Tulsa Area United Way, the Tulsa Area Salvation Army and the Philbrook Museum of Art. Mr. Hewitt also serves as an executive board member of the Tulsa Regional Chamber of Commerce. Mr. Hewitt earned a Bachelor of Business Administration degree in Finance from Stetson University in 1980 and a Bachelor of Science degree in Civil Engineering from Florida Institute of Technology in 1983.

CEO Compensation
  • John's compensation has increased whilst company is loss making.
  • John's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Matrix Service management team in years:

5.5
Average Tenure
55
Average Age
  • The average tenure for the Matrix Service management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Hewitt

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
61
TENURE
8.9 yrs

Kevin Cavanah

TITLE
VP of Finance
COMPENSATION
$1M
AGE
55
TENURE
9.3 yrs

Alan Updyke

TITLE
VP & COO
COMPENSATION
$1M
AGE
58

Joe Montalbano

TITLE
Consultant
COMPENSATION
$2M
AGE
70

Jason Turner

TITLE
President of Matrix North American Construction
COMPENSATION
$997K
AGE
48
TENURE
6.3 yrs

Quinton Beasley

TITLE
Vice President of Accounting
TENURE
2.3 yrs

Rick Bennett

TITLE
Chief Information Officer & VP
AGE
55
TENURE
5.5 yrs

Nancy Austin-Downs

TITLE
Chief Administrative Officer & VP
AGE
52
TENURE
3.7 yrs

Kellie Smythe

TITLE
Senior Director of Investor Relations

Justin Sheets

TITLE
VP, General Counsel
AGE
41
TENURE
4.6 yrs
Board of Directors Tenure

Average tenure and age of the Matrix Service board of directors in years:

3.4
Average Tenure
61
Average Age
  • The tenure for the Matrix Service board of directors is about average.
Board of Directors

Jim Mogg

TITLE
Independent Chairman of the Board
COMPENSATION
$237K
AGE
70

John Hewitt

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
61
TENURE
8.9 yrs

John Gibson

TITLE
Independent Director
COMPENSATION
$183K
AGE
67
TENURE
4 yrs

Martha Carnes

TITLE
Independent Director
COMPENSATION
$186K
AGE
58
TENURE
2.8 yrs

Liane Hinrichs

TITLE
Independent Director
COMPENSATION
$211K
AGE
61
TENURE
1.8 yrs

Jim Miller

TITLE
Independent Director
COMPENSATION
$180K
AGE
64
TENURE
5.9 yrs

John Chandler

TITLE
Independent Director
COMPENSATION
$171K
AGE
49
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
05. Dec 19 Sell Nancy Austin-Downs Individual 04. Dec 19 04. Dec 19 -3,540 €18.63 €-65,943
05. Sep 19 Sell Joseph Montalbano Individual 05. Sep 19 05. Sep 19 -6,036 €18.10 €-109,264
30. Aug 19 Sell Joseph Montalbano Individual 30. Aug 19 30. Aug 19 -10,275 €18.51 €-190,234
14. May 19 Sell Kevin Cavanah Individual 14. May 19 14. May 19 -14,505 €18.87 €-273,732
13. May 19 Sell James Miller Individual 10. May 19 10. May 19 -1,825 €19.79 €-36,119
X
Management checks
We assess Matrix Service's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Matrix Service has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, mining, and minerals markets in the United States, Canada, and internationally. The company’s Electrical Infrastructure segment offers power delivery services, including construction of new substations, upgrades of existing substations, short-run transmission line installations, distribution upgrades, and maintenance; and emergency and storm restoration services. It also provides construction and maintenance services to combined cycle plants and other natural gas fired power stations. The company’s Oil Gas & Chemical segment offers plant maintenance, turnarounds, engineering, and capital construction services; and hydro-blasting and excavating, advanced chemical cleaning, and vacuum services, as well as performs work in the petrochemical, upstream petroleum, sulfur extraction, and recovery and processing markets. Its Storage Solutions segment undertakes work related to aboveground storage tanks and terminals; and liquefied natural gas, liquid nitrogen/liquid oxygen, liquid petroleum, and other specialty vessels, which comprise spheres, as well as marine structures and truck and rail loading/offloading facilities. Its services include engineering, fabrication and construction, and maintenance and repair, including planned and emergency services, as well as geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems, and floating roof seals. The company’s Industrial segment offers engineering, fabrication and construction, and maintenance and repair, which include planned and emergency services; designs instrumentation and control systems; and offer specialized expertise in the design and construction of bulk material handling systems. The company was founded in 1984 and is headquartered in Tulsa, Oklahoma.

Details
Name: Matrix Service Company
MX2
Exchange: DB
Founded: 1984
$209,188,239
26,677,219
Website: http://www.matrixservicecompany.com
Address: Matrix Service Company
5100 East Skelly Drive,
Suite 500,
Tulsa,
Oklahoma, 74135,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MTRX Common Stock Nasdaq Global Select US USD 26. Sep 1990
DB MX2 Common Stock Deutsche Boerse AG DE EUR 26. Sep 1990
Number of employees
Current staff
Staff numbers
5,000
Matrix Service employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 21:33
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/06
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.