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Morgan Advanced Materials plc (MGAM.L)

Industrials Balanced

Ever wondered how heavy industries survive extreme heat? Morgan Advanced Materials crafts the clever high-tech ceramics and carbon linings that do the heavy lifting.

£2.26

Is Morgan Advanced Materials plc a good stock for a UK beginner?

The honest version: Ever wondered how heavy industries survive extreme heat? Morgan Advanced Materials crafts the clever high-tech ceramics and carbon linings that do the heavy lifting.

No rating · no target price · nothing for sale here
Price-33.8%
52-week range-4% past year
£2.26
Low £1.67High £2.52
Where today's price sits versus its past year - context, not a signal.
If you had put £1,000 into Morgan Advanced Materials plc
£662-34%

Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
£624.70M
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
1.20M
Day range: The lowest and highest price the shares traded at during the latest day.
£2.26 – £2.35
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
£1.67 – £2.52
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
5.4%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
1.22
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 1.22
Calm
Wild
Roughly in step with the market

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +1% past week · ▼ -4% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

high-tech materials see surging adoption in green energy and electronics

The bear case

structural decline in traditional manufacturing sectors

What does Morgan Advanced Materials plc do?

This British engineering firm creates specialised materials that can withstand punishing temperatures and harsh chemicals, selling them to industrial manufacturers across the globe. The cash comes from designing niche components for sectors like healthcare, electronics, and aerospace that ordinary materials simply cannot handle. The key element to keep an eye on is how well they protect their profit margins when global industrial demand wobbles.

VQGMI
Factor profile

On our factor screen it looks strongest on value and income, and weakest on quality.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 59Quality: How profitable and financially healthy the company is (higher = stronger). 19Growth: How fast revenue and earnings are growing (higher = faster). Momentum: How the share price has been trending recently (higher = stronger recent run). 41Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 49
Quick checks
What's strong
  • deeply embedded niche expertise in high-temperature materials
  • appealing dividend income relative to the wider market
  • modest valuation compared to forecast earnings
What to watch
  • Quality screens low (19/100)
  • sudden spikes in energy or raw material costs
  • broad slowdowns in global manufacturing activity
  • foreign exchange headwinds given international operations

What do Morgan Advanced Materials plc's numbers mean?

Forward P/E
10.9
This shows how much investors are paying for each pound of expected future profit, sitting at around eleven times forecast earnings.
Gross margin
8.7%
This reveals that after paying for direct production costs, a relatively modest sliver of revenue remains to cover overheads.
Dividend yield
5.4%
This tells us the income paid out to shareholders as a percentage of the share price, offering a relatively chunky cash return compared to the wider market.
Market cap
£624.7M
This puts a total price tag of roughly six hundred and twenty-five million pounds on the entire business, placing it firmly in mid-cap territory.

Does Morgan Advanced Materials plc pay a dividend?

Yes - Morgan Advanced Materials plc currently pays a dividend of about 5.4% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.

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What are the scenarios for Morgan Advanced Materials plc?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

£3£2£2today · £2▲ Bull · £3• Base · £2▼ Bear · £2in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+10% to +20%industrial demand perks up faster than expected
Base
-5% to +5%steady demand with no major surprises in factory orders
Bear
-15% to -25%manufacturing slowdown hits order books hard

What are the pros and cons of Morgan Advanced Materials plc?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • deeply embedded niche expertise in high-temperature materials
  • appealing dividend income relative to the wider market
  • modest valuation compared to forecast earnings
The catch3
  • historically thin profit margins leave little room for error
  • low return on equity suggests muted capital efficiency at present
  • sensitivity to broader economic cycles
Key risks3
  • sudden spikes in energy or raw material costs
  • broad slowdowns in global manufacturing activity
  • foreign exchange headwinds given international operations
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: GBP · flags: pe, revenue_growth, earnings_growth · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-01 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-01. Prices may be delayed and numbers can go stale - always double-check before acting.