Mativ Holdings, Inc. (MATV) Stock

Mativ Holdings, Inc. (MATV) is a Materials stock trading at $12.47 (as of 2026-08-21), with a market capitalization of $688.22M and a trailing P/E of 7.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Mativ Holdings, Inc. is a performance materials company with operations in two segments: Advanced Materials & Structures and Engineered Papers. AMS manufactures resin-based rolled goods, bonding products and adhesives, while EP produces cigarette papers and reconstituted tobacco products, along with certain non-tobacco papers; the company sells products internationally across multiple end markets.

Understand Mativ Holdings, Inc.: how it makes money

Mativ Holdings makes performance materials, it sells AMS products such as resin-based rolled goods (nets, films, meltblown materials), bonding and adhesive components, and converting services to customers across healthcare, construction, industrial, transportation, and filtration end markets, and it sells EP products such as cigarette papers and reconstituted tobacco products to the tobacco industry.

The profit model is primarily the sale of performance materials and related converting and adhesive or coating solutions (AMS) to multiple industrial and healthcare adjacent end markets, along with engineered papers for tobacco customers (EP), so earnings depend on product mix across those end-markets and on converting and materials demand.

Business quality (Weak): Mativ operates a performance materials business with two stated segments, but the latest quarter shows tight profitability (operating margin 1.5%), so execution and mix matter.

Valuation: At 6× earnings, MATV trades 69% below the Business Supplies average (18×). Note: one-time items can distort reported P/E.

Bull case

Product breadth within AMS: AMS includes resin-based rolled goods (such as nets, films, and meltblown materials), bonding and adhesive components, and converting services, which can support serving multiple end markets (healthcare, construction, industrial, transportation, and filtration).
Two-segment footprint: The company reports both AMS and EP, with EP focused on cigarette papers and reconstituted tobacco products sold to the tobacco industry, providing a second revenue stream category.

Bear case

Low operating profitability: For the latest reported quarter (period ending 2026-03-31), operating margin is 1.5%, which leaves limited cushion if costs rise or demand softens.
End-market concentration risk: AMS serves multiple end markets, but the business still depends on demand for performance materials and related products, while EP specifically sells to the tobacco industry, which can face industry-specific volatility.

Valuation — source: SEC EDGAR (first-party)
Price	$12.47
Market Cap	$688.22M
P/E Ratio	7.7
EV / EBITDA	8.3
Price / Book	1.46
Price / Sales	0.35
FCF Yield	18.6%
DCF Value (model)	$13.46
DCF Upside vs Price	7.9%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$1.99B
Net Margin	-17.0%
Revenue Growth (YoY)	1.2%
EPS Growth (YoY)	-133.3%
FCF Growth (YoY)	23.5%

Financial Health — source: SEC EDGAR
Altman Z-Score	0.69 (distress)
Piotroski F-Score	3/9 (weak)

Valuation vs Sector & Industry
Stock P/E	7.7
Sector P/E (Materials)	25.9
Industry P/E (Business Supplies)	26.0
vs Sector	-70.3%
vs Industry	-70.4%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock Fund Advisors ($111.76M)
Institutional Holders Tracked	10

Company
Sector	Materials
Industry	Business Supplies
CEO	Shruti Singhal
Employees	5,100
Country	US
IPO Date	1995-11-09

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.