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Mattioli Woods

AIM:MTW
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MTW
AIM
£191M
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

Mattioli Woods plc provides wealth management and employee benefit services in the United Kingdom. The last earnings update was 53 days ago. More info.


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MTW Share Price and Events
7 Day Returns
-1.7%
AIM:MTW
-0.3%
GB Capital Markets
-0.5%
GB Market
1 Year Returns
2.9%
AIM:MTW
18.8%
GB Capital Markets
3.7%
GB Market
MTW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mattioli Woods (MTW) -1.7% 7.5% -7.2% 2.9% 2.2% 69.6%
GB Capital Markets -0.3% -1.2% 3.2% 18.8% 63.8% 107.4%
GB Market -0.5% 1.4% 3.1% 3.7% 7.8% 3.8%
1 Year Return vs Industry and Market
  • MTW underperformed the Capital Markets industry which returned 18.8% over the past year.
  • MTW matched the United Kingdom of Great Britain and Northern Ireland Market (3.7%) over the past year.
Price Volatility
MTW
Industry
5yr Volatility vs Market

Value

 Is Mattioli Woods 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 Mattioli Woods 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 Mattioli Woods.

AIM:MTW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £3.59 * 10.3%
£0.37
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. £3.59
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 AIM:MTW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 19%) (0%))
0.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.835 * 6.65%)
6.78%

Discounted Cash Flow Calculation for AIM:MTW using Excess Returns Model Model

The calculations below outline how an intrinsic value for Mattioli Woods is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AIM:MTW Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.3% – 6.78%) * £3.59)
£0.13
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.13 / (6.78% - 1.23%)
£2.28
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £3.59 + £2.28
£5.87
AIM:MTW Discount to Share Price
Calculation Result
Value per share (GBP) From above. £5.87
Current discount Discount to share price of £7.13
= -1 x (£7.13 - £5.87) / £5.87
-21.3%

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

  • The current share price of Mattioli Woods 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 Mattioli Woods's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mattioli Woods's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:MTW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-05-31) in GBP £0.31
AIM:MTW Share Price ** AIM (2019-11-12) in GBP £7.13
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 42 Publicly-Listed Capital Markets Companies 20.19x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 16.92x

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

** Primary Listing of Mattioli Woods.

AIM:MTW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:MTW Share Price ÷ EPS (both in GBP)

= 7.13 ÷ 0.31

23.11x

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

  • Mattioli Woods is overvalued based on earnings compared to the GB Capital Markets industry average.
  • Mattioli Woods is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Mattioli Woods's expected growth come at a high price?
Raw Data
AIM:MTW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
10%per year
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 25 Publicly-Listed Capital Markets Companies 1.1x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 555 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

AIM:MTW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.11x ÷ 10%

2.32x

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

  • Mattioli Woods is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mattioli Woods's assets?
Raw Data
AIM:MTW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-05-31) in GBP £3.20
AIM:MTW Share Price * AIM (2019-11-12) in GBP £7.13
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 75 Publicly-Listed Capital Markets Companies 1.33x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.5x
AIM:MTW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:MTW Share Price ÷ Book Value per Share (both in GBP)

= 7.13 ÷ 3.20

2.23x

* Primary Listing of Mattioli Woods.

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

  • Mattioli Woods is overvalued based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Mattioli Woods'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Mattioli Woods 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 Mattioli Woods expected to perform in the next 1 to 3 years based on estimates from 4 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
10%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mattioli Woods expected to grow at an attractive rate?
  • Mattioli Woods's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Mattioli Woods's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Mattioli Woods's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:MTW Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:MTW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 10%
AIM:MTW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 8.1%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.9%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
AIM:MTW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:MTW Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-05-31 75 11 3
2021-05-31 69 16 10 4
2020-05-31 64 13 9 4
2019-11-12
AIM:MTW Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-05-31 58 9 8
2019-02-28 59 11 8
2018-11-30 59 13 8
2018-08-31 59 15 8
2018-05-31 59 16 8
2018-02-28 57 13 8
2017-11-30 55 10 8
2017-08-31 53 10 7
2017-05-31 51 9 6
2017-02-28 49 10 6
2016-11-30 47 11 6
2016-08-31 45 10 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mattioli Woods's earnings are expected to grow by 10% yearly, however this is not considered high growth (20% yearly).
  • Mattioli Woods's revenue is expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
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
AIM:MTW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Mattioli Woods Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:MTW Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-05-31 0.41 0.42 0.39 2.00
2021-05-31 0.37 0.38 0.36 3.00
2020-05-31 0.33 0.34 0.33 3.00
2019-11-12
AIM:MTW Past Financials Data
Date (Data in GBP Millions) EPS *
2019-05-31 0.31
2019-02-28 0.31
2018-11-30 0.31
2018-08-31 0.31
2018-05-31 0.31
2018-02-28 0.30
2017-11-30 0.30
2017-08-31 0.27
2017-05-31 0.24
2017-02-28 0.24
2016-11-30 0.23
2016-08-31 0.22

*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.
  • Mattioli Woods is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mattioli Woods'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Mattioli Woods has a total score of 2/6, 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 Mattioli Woods 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 Mattioli Woods's growth in the last year to its industry (Capital Markets).
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.
  • Mattioli Woods's year on year earnings growth rate has been positive over the past 5 years.
  • Mattioli Woods's 1-year earnings growth is less than its 5-year average (0.1% vs 17.1%)
  • Mattioli Woods's earnings growth has not exceeded the GB Capital Markets industry average in the past year (0.1% vs 4.7%).
Earnings and Revenue History
Mattioli Woods'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 Mattioli Woods Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:MTW Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-05-31 58.46 8.20 11.98
2019-02-28 58.93 8.22 12.30
2018-11-30 59.40 8.25 14.11
2018-08-31 59.04 8.22 14.16
2018-05-31 58.67 8.19 12.70
2018-02-28 56.67 8.00 12.49
2017-11-30 54.68 7.82 12.29
2017-08-31 52.61 7.09 11.68
2017-05-31 50.53 6.36 11.08
2017-02-28 48.94 6.12 9.62
2016-11-30 47.34 5.89 8.17
2016-08-31 45.15 5.57 7.82
2016-05-31 42.95 5.25 7.47
2016-02-29 40.41 4.75 7.22
2015-11-30 37.87 4.26 6.97
2015-08-31 36.22 4.14 6.65
2015-05-31 34.57 4.02 6.33
2015-02-28 33.53 4.23 6.10
2014-11-30 32.49 4.44 5.88
2014-08-31 30.92 4.36 5.57
2014-05-31 29.35 4.28 5.27
2014-02-28 27.47 4.03 5.03
2013-11-30 25.59 3.79 4.80
2013-08-31 24.50 3.70 4.66
2013-05-31 23.41 3.61 4.52
2013-02-28 23.23 3.71 4.29
2012-11-30 23.05 3.81 4.05

*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.
  • Mattioli Woods has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mattioli Woods used its assets more efficiently than the GB Capital Markets industry average last year based on Return on Assets.
  • Mattioli Woods has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mattioli Woods'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 Capital Markets 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.
Mattioli Woods has a total score of 3/6, 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 Mattioli Woods'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 Mattioli Woods's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mattioli Woods is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mattioli Woods's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mattioli Woods'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.
  • Low level of unsold assets.
  • Mattioli Woods has no debt, it does not need to be covered by short term assets.
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 Mattioli Woods Company Filings, last reported 5 months ago.

AIM:MTW Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-05-31 85.59 0.00 23.33
2019-02-28 85.59 0.00 23.33
2018-11-30 81.57 0.00 16.86
2018-08-31 81.57 0.00 16.86
2018-05-31 78.95 0.00 23.75
2018-02-28 78.95 0.00 23.75
2017-11-30 75.84 0.00 14.85
2017-08-31 75.84 0.00 14.85
2017-05-31 72.60 0.00 23.07
2017-02-28 72.60 0.00 23.07
2016-11-30 67.56 0.00 22.73
2016-08-31 67.56 0.00 22.73
2016-05-31 65.58 0.00 29.89
2016-02-29 65.58 0.00 29.89
2015-11-30 62.46 0.00 22.70
2015-08-31 62.46 0.00 22.70
2015-05-31 39.47 0.00 10.70
2015-02-28 39.47 0.00 10.70
2014-11-30 37.63 0.00 7.74
2014-08-31 37.63 0.00 7.74
2014-05-31 35.54 0.00 9.55
2014-02-28 35.54 0.00 9.55
2013-11-30 33.33 0.02 8.05
2013-08-31 33.33 0.02 8.05
2013-05-31 29.10 0.00 8.05
2013-02-28 29.10 0.00 8.05
2012-11-30 26.71 0.01 3.95
  • Mattioli Woods has no debt.
  • Mattioli Woods currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Mattioli Woods has no debt, it does not need to be covered by operating cash flow.
  • Mattioli Woods has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Mattioli Woods'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. Mattioli Woods has a total score of 6/6, 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 Mattioli Woods'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
2.81%
Current annual income from Mattioli Woods dividends. Estimated to be 3.34% next year.
If you bought £2,000 of Mattioli Woods shares you are expected to receive £56 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?
  • Mattioli Woods's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.94%).
  • Mattioli Woods's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.33%).
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
AIM:MTW 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 4 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 680 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

AIM:MTW Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-05-31 0.26 3.00
2021-05-31 0.24 4.00
2020-05-31 0.22 4.00
2019-11-12
AIM:MTW Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-09-20 0.200 2.856
2019-09-03 0.200 2.754
2018-09-21 0.170 2.275
2017-09-22 0.141 1.787
2017-09-05 0.141 1.658
2016-09-21 0.125 1.609
2016-09-08 0.125 1.783
2015-09-17 0.105 1.673
2015-09-09 0.105 1.681
2015-01-28 0.093 1.779
2014-09-16 0.091 2.079
2014-09-02 0.091 2.089
2013-08-29 0.070 1.709
2013-01-29 0.060 2.152
2012-09-12 0.056 2.729
2012-08-29 0.056 2.715
2011-08-31 0.050 2.457
2011-08-30 0.050 1.911
2010-09-17 0.044 1.600
2010-08-31 0.044 2.010
2009-09-08 0.039 1.730
2009-09-07 0.039 1.814
2009-01-27 0.032 1.364

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Mattioli Woods's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Mattioli Woods's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Mattioli Woods afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mattioli Woods has a total score of 5/6, 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 Mattioli Woods'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
Ian Mattioli
COMPENSATION £1,633,000
AGE 54
CEO Bio

Mr. Ian Mattioli, MBE, co-founded Mattioli Woods Plc in 1991 and serves as its Chief Executive Officer. Mr. Mattioli is Founder of Custodian REIT Plc and serves as its Chairman. He serves as Chief Executive of Custodian Capital Limited. Mr. Mattiole serves as Non-Executive Chairman since April 11, 2017 at K3 Capital Group Plc and serves as its Director since April 11, 2017. Mr. Mattioli's early experience was gained as a Specialist Pensions Administrator with Phoenix Assurance. In 1983, he moved to Pointon York specializing in small self-administered pension schemes. From 1983 to 1991, he progressed from Senior Administrator to Consultant and then Senior Consultant advising on all aspects of establishing and running pension schemes for owner-managed business and small to medium sized public companies. He serves as a Non-Executive Director at Custodian REIT Plc. He has been an Executive Director of Mattioli Woods Plc since 2005 and serves as an Executive Director of Custodian Capital Limited. He served as Director of Pointon York. His personal achievements include winning the London Stock Exchange AIM Entrepreneur of the Year award.

CEO Compensation
  • Ian's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ian's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Mattioli Woods management team in years:

2.9
Average Tenure
50
Average Age
  • The tenure for the Mattioli Woods management team is about average.
Management Team

Ian Mattioli

TITLE
Co-Founder
COMPENSATION
£2M
AGE
54

Nathan James Imlach

TITLE
CFO, Company Secretary & Executive Director
COMPENSATION
£866K
AGE
50
TENURE
2.9 yrs

Mark Smith

TITLE
Chief Operating Officer
AGE
49
TENURE
2.9 yrs

Murray Smith

TITLE
Founder Director
COMPENSATION
£647K
AGE
50

Simon Gibson

TITLE
Chief Investment Officer
AGE
53
TENURE
2.9 yrs

George Houston

TITLE
Technical Director

Sara Andrews

TITLE
Chief Business Officer
AGE
49

Mark Fuller

TITLE
Head of Structured Products

Michael Wright

TITLE
Deputy Group Managing Director

Lynnett Fenn

TITLE
Financial Controller
Board of Directors Tenure

Average tenure and age of the Mattioli Woods board of directors in years:

10
Average Tenure
55
Average Age
  • The average tenure for the Mattioli Woods board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Joanne Lake

TITLE
Independent Non-Executive Chairman
COMPENSATION
£98K
AGE
55
TENURE
3.1 yrs

Ian Mattioli

TITLE
Co-Founder
COMPENSATION
£2M
AGE
54
TENURE
14.8 yrs

Nathan James Imlach

TITLE
CFO, Company Secretary & Executive Director
COMPENSATION
£866K
AGE
50
TENURE
14.8 yrs

Carol Duncumb

TITLE
Non-Executive Director
COMPENSATION
£49K
AGE
56
TENURE
5.2 yrs

Anne Gunther

TITLE
Senior Independent Director
COMPENSATION
£57K
AGE
64
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 (£)
10. Oct 19 Buy Mattioli Woods plc Share Incentive Plan Company 09. Oct 19 09. Oct 19 7,237 £6.88 £49,754
05. Jul 19 Buy Mattioli Woods plc Share Incentive Plan Company 05. Jul 19 05. Jul 19 6,348 £7.84 £49,768
13. Jun 19 Buy Mattioli Woods plc Share Incentive Plan Company 12. Jun 19 12. Jun 19 6,141 £8.10 £49,742
23. May 19 Buy Mattioli Woods plc Share Incentive Plan Company 22. May 19 22. May 19 6,180 £8.05 £49,749
14. May 19 Buy Mattioli Woods plc Share Incentive Plan Company 14. May 19 14. May 19 6,068 £8.20 £49,758
12. Apr 19 Sell Simon Gibson Individual 11. Apr 19 11. Apr 19 -14,000 £7.89 £-110,463
09. Apr 19 Buy Sara Andrews Individual 09. Apr 19 09. Apr 19 450 £8.00 £3,600
09. Apr 19 Buy Simon Gibson Individual 09. Apr 19 09. Apr 19 450 £8.00 £3,600
09. Apr 19 Buy Alan Cowan Individual 09. Apr 19 09. Apr 19 38 £8.00 £304
09. Apr 19 Buy Ian Mattioli Individual 09. Apr 19 09. Apr 19 726 £8.00 £5,808
09. Apr 19 Buy Nathan James Imlach Individual 09. Apr 19 09. Apr 19 450 £8.00 £3,600
04. Apr 19 Buy Sara Andrews Individual 29. Mar 19 29. Mar 19 4 £7.88 £32
04. Apr 19 Buy Simon Gibson Individual 29. Mar 19 29. Mar 19 18 £7.88 £142
04. Apr 19 Buy Alan Cowan Individual 29. Mar 19 29. Mar 19 23 £7.88 £181
04. Apr 19 Buy Ian Mattioli Individual 29. Mar 19 29. Mar 19 19 £7.88 £150
04. Apr 19 Buy Nathan James Imlach Individual 29. Mar 19 29. Mar 19 59 £7.88 £465
04. Apr 19 Buy Murray Smith Individual 29. Mar 19 29. Mar 19 72 £7.88 £567
02. Apr 19 Sell Alan Cowan Individual 29. Mar 19 29. Mar 19 -4,740 £7.85 £-37,209
11. Mar 19 Buy Alan Cowan Individual 08. Mar 19 08. Mar 19 38 £7.65 £291
20. Feb 19 Sell Simon Gibson Individual 19. Feb 19 19. Feb 19 -6,031 £7.40 £-44,629
03. Dec 18 Buy Simon Gibson Individual 30. Nov 18 30. Nov 18 4,000 £6.29 £25,160
X
Management checks
We assess Mattioli Woods'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. Mattioli Woods 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

A Look At Mattioli Woods plc's (LON:MTW) Exceptional Fundamentals

If you're interested in understanding beyond my broad commentary, take a look at the report on Mattioli Woods here. … AIM:MTW Historical Dividend Yield, August 19th 2019 Next Steps: For Mattioli Woods, I've put together three relevant aspects you should look at: Future Outlook: What are well-informed industry analysts predicting for MTW’s future growth? … Take a look at our free research report of analyst consensus for MTW’s outlook.

Simply Wall St -

Despite Its High P/E Ratio, Is Mattioli Woods plc (LON:MTW) Still Undervalued?

Mattioli Woods has a price to earnings ratio of 25.13, based on the last twelve months. … See our latest analysis for Mattioli Woods How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Mattioli Woods: P/E of 25.13 = £7.88 ÷ £0.31 (Based on the year to November 2018.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

Who Has Been Selling Mattioli Woods plc (LON:MTW) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Mattioli Woods plc (LON:MTW). … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' Check out our latest analysis for Mattioli Woods The Last 12 Months Of Insider Transactions At Mattioli Woods Over the last year, we can see that the biggest insider sale was by the Chief Investment Officer, Simon Gibson, for UK£110k worth of shares, at about UK£7.89 per share. … All up, insiders sold more shares in Mattioli Woods than they bought, over the last year.

Simply Wall St -

Why Mattioli Woods plc (LON:MTW) Should Be In Your Dividend Portfolio

Today we'll take a closer look at Mattioli Woods plc (LON:MTW) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. If you are hoping to live on your dividends, it's important to be more stringent with your investments than the average punter. Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. While Mattioli Woods's 2.1% dividend yield is not the highest, we think its lengthy payment history is quite interesting. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … It's good to see Mattioli Woods has been growing its earnings per share at 10% a year over the past 5 years. … Conclusion To summarise, shareholders should always check that Mattioli Woods's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

Should You Be Adding Mattioli Woods (LON:MTW) To Your Watchlist Today?

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Mattioli Woods (LON:MTW). … Although Mattioli Woods certainly looks good to me, I would like it more if insiders were buying up shares. … If you like to see insider buying, too, then this free list of growing companies that insiders are buying, could be exactly what you're looking for.

Simply Wall St -

How Should Investors Feel About Mattioli Woods plc's (LON:MTW) CEO Pay?

We looked at a group of companies with market capitalizations from UK£79m to UK£316m, and the median CEO total compensation was UK£514k. … Thus we can conclude that Ian Mattioli receives more in total compensation than the median of a group of companies in the same market, and of similar size to Mattioli Woods plc. … We compared the total CEO remuneration paid by Mattioli Woods plc, and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Mattioli Woods plc (LON:MTW): A Fundamentally Attractive Investment

Investors’ risk associated with debt is virtually non-existent and the company has plenty of headroom to grow debt in the future, should the need arise. … AIM:MTW Historical Dividend Yield, May 10th 2019 Next Steps: For Mattioli Woods, there are three key factors you should further research: Future Outlook: What are well-informed industry analysts predicting for MTW’s future growth? … Take a look at our free research report of analyst consensus for MTW’s outlook.

Simply Wall St -

Should You Be Tempted To Sell Mattioli Woods plc (LON:MTW) Because Of Its P/E Ratio?

We'll apply a basic P/E ratio analysis to Mattioli Woods plc's (LON:MTW), to help you decide if the stock is worth further research. … Looking at earnings over the last twelve months, Mattioli Woods has a P/E ratio of 24.26. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Should Mattioli Woods Be Disappointed With Their 77% Profit?

For example, long term Mattioli Woods plc (LON:MTW) shareholders have enjoyed a 77% share price rise over the last half decade, well in excess of the market return of around -1.6% (not including dividends). … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Over half a decade, Mattioli Woods managed to grow its earnings per share at 9.8% a year.

Simply Wall St -

Should Mattioli Woods plc (LON:MTW) Be Your Next Stock Pick?

I've been keeping an eye on Mattioli Woods plc (LON:MTW) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe MTW has a lot to offer. … , dividend-paying company with a

Simply Wall St -

Company Info

Description

Mattioli Woods plc provides wealth management and employee benefit services in the United Kingdom. It operates through Pension Consultancy and Administration, Investment and Asset Management, Property Management, and Employee Benefits segments. The company offers financial planning services, such as wealth building, trust planning, inheritance tax and estate planning, exit planning, and executive financial counselling services; investment products and services to support client strategies, as well as strategic planning and advisory services; and self-invested personal and small self-administered pension schemes, and trustee services. It also provides real estate investment trust, syndicated property, mortgage advice, property insurance, and legal services; and personal insurance products, which include life assurance, medical insurance, critical illness, income protection, shareholder protection, and key person protection. In addition, the company offers employee benefit services, including pension and workplace savings services, such as auto enrolment, self invested personal pension schemes, and group personal pensions; health and wellbeing services, including private medical insurance, health cash plans, and international healthcare services; and employee engagement solutions. Further, it provides due diligence services that help uncover potential risks and liabilities, and identify cost savings for businesses; and flexible benefit schemes, including total reward and voluntary benefits. The company offers its services to controlling directors, professional persons, owner-managed businesses, and medium-sized and larger corporates. Mattioli Woods plc was founded in 1991 and is based in Leicester, the United Kingdom.

Details
Name: Mattioli Woods plc
MTW
Exchange: AIM
Founded: 1991
£190,935,001
26,797,895
Website: http://www.mattioliwoods.com
Address: Mattioli Woods plc
New Walk Place,
Leicester,
Leicestershire, LE1 6RU,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM MTW Ordinary Shares London Stock Exchange AIM Market GB GBP 23. Nov 2005
Number of employees
Current staff
Staff numbers
586
Mattioli Woods employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/12 20:49
End of day share price update: 2019/11/12 00:00
Last estimates confirmation: 2019/11/06
Last earnings filing: 2019/09/20
Last earnings reported: 2019/05/31
Last annual earnings reported: 2019/05/31


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.