Materion Net Worth
Materion Net Worth Breakdown | MTRN |
Materion Net Worth Analysis
Materion's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Materion's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Materion's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Materion's net worth analysis. One common approach is to calculate Materion's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Materion's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Materion's net worth. This approach calculates the present value of Materion's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Materion's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Materion's net worth. This involves comparing Materion's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Materion's net worth relative to its peers.
Enterprise Value |
|
To determine if Materion is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Materion's net worth research are outlined below:
Over 93.0% of the company shares are owned by institutional investors | |
On 13th of June 2025 Materion paid $ 0.14 per share dividend to its current shareholders | |
Latest headline from seekingalpha.com: Materion affirms 5.305.70 EPS outlook for 2025 as defense and energy sales accelerate |
Materion Quarterly Good Will |
|
Materion uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Materion. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Materion's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
15th of February 2024 Upcoming Quarterly Report | View | |
1st of May 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
15th of February 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Materion Target Price Consensus
Materion target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Materion's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
3 | Buy |
Most Materion analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Materion stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Materion, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationMaterion Target Price Projection
Materion's current and average target prices are 105.30 and 120.00, respectively. The current price of Materion is the price at which Materion is currently trading. On the other hand, Materion's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On Materion Target Price
Know Materion's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Materion is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Materion backward and forwards among themselves. Materion's institutional investor refers to the entity that pools money to purchase Materion's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Royal Bank Of Canada | 2025-03-31 | 295 K | Mirae Asset Global Etfs Holdings Ltd. | 2025-03-31 | 289.1 K | Northern Trust Corp | 2025-03-31 | 288.6 K | Charles Schwab Investment Management Inc | 2025-03-31 | 268.6 K | Segall Bryant & Hamill | 2025-03-31 | 240.6 K | Silvercrest Asset Management Group Llc | 2025-03-31 | 230.3 K | Aberdeen Group Plc | 2025-06-30 | 214.7 K | Morgan Stanley - Brokerage Accounts | 2025-03-31 | 213.5 K | Bank Of New York Mellon Corp | 2025-03-31 | 203.5 K | Blackrock Inc | 2025-03-31 | 3.4 M | Vanguard Group Inc | 2025-03-31 | 2.5 M |
Follow Materion's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.11 B.Market Cap |
|
Project Materion's profitablity
Last Reported | Projected for Next Year | ||
Return On Capital Employed | 0.03 | 0.03 | |
Return On Equity | 0.01 | 0.01 |
When accessing Materion's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Materion's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Materion's profitability and make more informed investment decisions.
Evaluate Materion's management efficiency
Materion has return on total asset (ROA) of 0.0495 % which means that it generated a profit of $0.0495 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0115 %, meaning that it created $0.0115 on every $100 dollars invested by stockholders. Materion's management efficiency ratios could be used to measure how well Materion manages its routine affairs as well as how well it operates its assets and liabilities. As of the 1st of August 2025, Return On Tangible Assets is likely to drop to 0. In addition to that, Return On Capital Employed is likely to drop to 0.03. At this time, Materion's Total Assets are very stable compared to the past year. As of the 1st of August 2025, Non Current Assets Total is likely to grow to about 1 B, while Non Currrent Assets Other are likely to drop about 17.9 M.Last Reported | Projected for Next Year | ||
Book Value Per Share | 41.91 | 44.01 | |
Tangible Book Value Per Share | 23.92 | 25.11 | |
Enterprise Value Over EBITDA | 21.55 | 22.63 | |
Price Book Value Ratio | 2.36 | 1.33 | |
Enterprise Value Multiple | 21.55 | 22.63 | |
Price Fair Value | 2.36 | 1.33 | |
Enterprise Value | 658.8 M | 338.1 M |
The strategic initiatives led by Materion's management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Enterprise Value Revenue 1.5147 | Revenue | Quarterly Revenue Growth 0.091 | Revenue Per Share | Return On Equity |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Materion insiders, such as employees or executives, is commonly permitted as long as it does not rely on Materion's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Materion insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Materion Corporate Filings
8K | 30th of July 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
15th of July 2025 Other Reports | ViewVerify | |
F4 | 7th of July 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
26th of June 2025 Other Reports | ViewVerify |
Materion Earnings Estimation Breakdown
The calculation of Materion's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Materion is estimated to be 1.2 with the future projection ranging from a low of 1.0 to a high of 1.41. Please be aware that this consensus of annual earnings estimates for Materion is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
1.00 Lowest | Expected EPS | 1.41 Highest |
Materion Earnings Projection Consensus
Suppose the current estimates of Materion's value are higher than the current market price of the Materion stock. In this case, investors may conclude that Materion is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Materion's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 30th of September 2025 | Current EPS (TTM) | |
3 | 94.24% | 1.37 | 1.2 | 0.77 |
Materion Earnings History
Earnings estimate consensus by Materion analysts from Wall Street is used by the market to judge Materion's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Materion's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.Materion Quarterly Gross Profit |
|
Materion Earnings per Share Projection vs Actual
Actual Earning per Share of Materion refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Materion predict the company's earnings will be in the future. The higher the earnings per share of Materion, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Materion Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Materion, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Materion should always be considered in relation to other companies to make a more educated investment decision.Materion Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Materion's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2025-07-30 | 2025-06-30 | 1.16 | 1.37 | 0.21 | 18 | ||
2025-05-01 | 2025-03-31 | 1.05 | 1.13 | 0.08 | 7 | ||
2025-02-13 | 2024-12-31 | 1.46 | 1.55 | 0.09 | 6 | ||
2024-10-30 | 2024-09-30 | 1.41 | 1.41 | 0.0 | 0 | ||
2024-08-05 | 2024-06-30 | 1.39 | 1.42 | 0.03 | 2 | ||
2024-05-01 | 2024-03-31 | 0.96 | 0.96 | 0.0 | 0 | ||
2024-02-15 | 2023-12-31 | 1.41 | 1.41 | 0.0 | 0 | ||
2023-11-01 | 2023-09-30 | 1.42 | 1.51 | 0.09 | 6 | ||
2023-08-02 | 2023-06-30 | 1.36 | 1.38 | 0.02 | 1 | ||
2023-05-03 | 2023-03-31 | 1.25 | 1.22 | -0.03 | 2 | ||
2023-02-16 | 2022-12-31 | 1.34 | 1.49 | 0.15 | 11 | ||
2022-11-02 | 2022-09-30 | 1.39 | 1.19 | -0.2 | 14 | ||
2022-08-03 | 2022-06-30 | 1.18 | 1.28 | 0.1 | 8 | ||
2022-04-28 | 2022-03-31 | 1.05 | 1.08 | 0.03 | 2 | ||
2022-02-17 | 2021-12-31 | 1.03 | 1.03 | 0.0 | 0 | ||
2021-11-02 | 2021-09-30 | 0.84 | 1.1 | 0.26 | 30 | ||
2021-08-03 | 2021-06-30 | 0.75 | 0.86 | 0.11 | 14 | ||
2021-04-29 | 2021-03-31 | 0.6 | 0.82 | 0.22 | 36 | ||
2021-02-18 | 2020-12-31 | 0.58 | 0.7 | 0.12 | 20 | ||
2020-10-22 | 2020-09-30 | 0.52 | 0.55 | 0.03 | 5 | ||
2020-07-23 | 2020-06-30 | 0.45 | 0.49 | 0.04 | 8 | ||
2020-04-23 | 2020-03-31 | 0.44 | 0.43 | -0.01 | 2 | ||
2020-02-13 | 2019-12-31 | 0.67 | 0.68 | 0.01 | 1 | ||
2019-10-24 | 2019-09-30 | 0.81 | 0.81 | 0.0 | 0 | ||
2019-07-25 | 2019-06-30 | 0.77 | 0.88 | 0.11 | 14 | ||
2019-05-02 | 2019-03-31 | 0.61 | 0.82 | 0.21 | 34 | ||
2019-02-14 | 2018-12-31 | 0.53 | 0.65 | 0.12 | 22 | ||
2018-10-25 | 2018-09-30 | 0.55 | 0.68 | 0.13 | 23 | ||
2018-07-26 | 2018-06-30 | 0.5 | 0.54 | 0.04 | 8 | ||
2018-04-26 | 2018-03-31 | 0.43 | 0.51 | 0.08 | 18 | ||
2018-02-15 | 2017-12-31 | 0.38 | 0.51 | 0.13 | 34 | ||
2017-10-26 | 2017-09-30 | 0.4 | 0.5 | 0.1 | 25 | ||
2017-07-27 | 2017-06-30 | 0.37 | 0.42 | 0.05 | 13 | ||
2017-04-28 | 2017-03-31 | 0.27 | 0.29 | 0.02 | 7 | ||
2017-02-17 | 2016-12-31 | 0.34 | 0.28 | -0.06 | 17 | ||
2016-10-27 | 2016-09-30 | 0.36 | 0.46 | 0.1 | 27 | ||
2016-07-28 | 2016-06-30 | 0.29 | 0.31 | 0.02 | 6 | ||
2016-04-29 | 2016-03-31 | 0.24 | 0.27 | 0.03 | 12 | ||
2016-02-18 | 2015-12-31 | 0.33 | 0.36 | 0.03 | 9 | ||
2015-10-29 | 2015-09-30 | 0.4 | 0.4 | 0.0 | 0 | ||
2015-07-30 | 2015-06-30 | 0.42 | 0.43 | 0.01 | 2 | ||
2015-04-30 | 2015-03-31 | 0.37 | 0.41 | 0.04 | 10 | ||
2015-02-19 | 2014-12-31 | 0.43 | 0.5 | 0.07 | 16 | ||
2014-10-23 | 2014-09-30 | 0.43 | 0.51 | 0.08 | 18 | ||
2014-07-24 | 2014-06-30 | 0.45 | 0.36 | -0.09 | 20 | ||
2014-04-24 | 2014-03-31 | 0.24 | 0.29 | 0.05 | 20 | ||
2014-02-26 | 2013-12-31 | 0.23 | 0.34 | 0.11 | 47 | ||
2013-10-24 | 2013-09-30 | 0.2 | 0.25 | 0.05 | 25 | ||
2013-07-26 | 2013-06-30 | 0.41 | 0.43 | 0.02 | 4 | ||
2013-04-25 | 2013-03-31 | 0.34 | 0.33 | -0.01 | 2 | ||
2013-02-28 | 2012-12-31 | 0.27 | 0.28 | 0.01 | 3 | ||
2012-10-25 | 2012-09-30 | 0.41 | 0.39 | -0.02 | 4 | ||
2012-07-27 | 2012-06-30 | 0.35 | 0.38 | 0.03 | 8 | ||
2012-04-26 | 2012-03-31 | 0.26 | 0.3 | 0.04 | 15 | ||
2012-02-27 | 2011-12-31 | 0.06 | 0.04 | -0.02 | 33 | ||
2011-10-27 | 2011-09-30 | 0.64 | 0.55 | -0.09 | 14 | ||
2011-07-29 | 2011-06-30 | 0.66 | 0.67 | 0.01 | 1 | ||
2011-04-28 | 2011-03-31 | 0.54 | 0.57 | 0.03 | 5 | ||
2011-02-24 | 2010-12-31 | 0.46 | 0.61 | 0.15 | 32 | ||
2010-10-28 | 2010-09-30 | 0.5 | 0.65 | 0.15 | 30 | ||
2010-07-30 | 2010-06-30 | 0.55 | 0.67 | 0.12 | 21 | ||
2010-04-29 | 2010-03-31 | 0.38 | 0.45 | 0.07 | 18 | ||
2010-02-17 | 2009-12-31 | 0.05 | 0.03 | -0.02 | 40 | ||
2009-10-29 | 2009-09-30 | 0.08 | 0.01 | -0.07 | 87 | ||
2009-07-31 | 2009-06-30 | -0.15 | -0.04 | 0.11 | 73 | ||
2009-04-30 | 2009-03-31 | -0.18 | -0.36 | -0.18 | 100 | ||
2009-02-05 | 2008-12-31 | 0.07 | 0.16 | 0.09 | 128 | ||
2008-10-30 | 2008-09-30 | 0.32 | 0.41 | 0.09 | 28 | ||
2008-08-01 | 2008-06-30 | 0.43 | 0.53 | 0.1 | 23 | ||
2008-04-24 | 2008-03-31 | 0.34 | 0.35 | 0.01 | 2 | ||
2008-02-08 | 2007-12-31 | 0.4 | 0.35 | -0.05 | 12 | ||
2007-10-25 | 2007-09-30 | 0.53 | 0.48 | -0.05 | 9 | ||
2007-08-03 | 2007-06-30 | 0.45 | 0.52 | 0.07 | 15 | ||
2007-04-26 | 2007-03-31 | 0.7 | 0.62 | -0.08 | 11 | ||
2007-02-12 | 2006-12-31 | 0.41 | 0.44 | 0.03 | 7 | ||
2006-10-26 | 2006-09-30 | 0.32 | 0.35 | 0.03 | 9 | ||
2006-07-27 | 2006-06-30 | 0.33 | 0.35 | 0.02 | 6 | ||
2006-04-26 | 2006-03-31 | 0.24 | 0.27 | 0.03 | 12 | ||
2006-02-09 | 2005-12-31 | 0.21 | 0.21 | 0.0 | 0 | ||
2005-10-27 | 2005-09-30 | 0.23 | 0.2 | -0.03 | 13 | ||
2005-07-28 | 2005-06-30 | 0.27 | 0.29 | 0.02 | 7 | ||
2005-04-28 | 2005-03-31 | 0.25 | 0.22 | -0.03 | 12 | ||
2005-02-02 | 2004-12-31 | 0.06 | 0.09 | 0.03 | 50 | ||
2004-10-28 | 2004-09-30 | 0.2 | 0.18 | -0.02 | 10 | ||
2004-07-28 | 2004-06-30 | 0.37 | 0.38 | 0.01 | 2 | ||
2004-04-29 | 2004-03-31 | 0.14 | 0.22 | 0.08 | 57 | ||
2004-01-28 | 2003-12-31 | -0.12 | -0.07 | 0.05 | 41 | ||
2003-10-23 | 2003-09-30 | -0.12 | -0.18 | -0.06 | 50 | ||
2003-04-24 | 2003-03-31 | -0.2 | -0.18 | 0.02 | 10 | ||
2003-02-06 | 2002-12-31 | -0.27 | -0.23 | 0.04 | 14 | ||
2002-10-24 | 2002-09-30 | -0.15 | -0.18 | -0.03 | 20 | ||
2002-07-25 | 2002-06-30 | -0.17 | -0.12 | 0.05 | 29 | ||
2002-04-25 | 2002-03-31 | -0.19 | -0.23 | -0.04 | 21 | ||
2002-01-24 | 2001-12-31 | -0.61 | -0.45 | 0.16 | 26 | ||
2001-10-25 | 2001-09-30 | -0.45 | -0.47 | -0.02 | 4 | ||
2001-07-26 | 2001-06-30 | 0.07 | 0.08 | 0.01 | 14 | ||
2001-04-26 | 2001-03-31 | 0.35 | 0.37 | 0.02 | 5 | ||
2001-01-25 | 2000-12-31 | 0.35 | 0.23 | -0.12 | 34 | ||
2000-10-25 | 2000-09-30 | 0.23 | 0.25 | 0.02 | 8 | ||
2000-07-27 | 2000-06-30 | 0.23 | 0.24 | 0.01 | 4 | ||
2000-04-26 | 2000-03-31 | 0.11 | 0.14 | 0.03 | 27 | ||
2000-01-26 | 1999-12-31 | -0.01 | 0.08 | 0.09 | 900 | ||
1999-10-27 | 1999-09-30 | -0.01 | -0.03 | -0.02 | 200 | ||
1999-07-28 | 1999-06-30 | 0.17 | 0.2 | 0.03 | 17 | ||
1999-04-28 | 1999-03-31 | 0.07 | 0.15 | 0.08 | 114 | ||
1999-01-26 | 1998-12-31 | 0.07 | -0.02 | -0.09 | 128 | ||
1998-10-26 | 1998-09-30 | -0.03 | 0.04 | 0.07 | 233 | ||
1998-07-27 | 1998-06-30 | 0.14 | 0.15 | 0.01 | 7 | ||
1998-04-27 | 1998-03-31 | 0.42 | 0.37 | -0.05 | 11 | ||
1998-01-26 | 1997-12-31 | 0.41 | 0.46 | 0.05 | 12 | ||
1997-10-20 | 1997-09-30 | 0.3 | 0.24 | -0.06 | 20 | ||
1997-07-21 | 1997-06-30 | 0.45 | 0.45 | 0.0 | 0 | ||
1997-04-21 | 1997-03-31 | 0.38 | 0.39 | 0.01 | 2 | ||
1997-01-27 | 1996-12-31 | 0.37 | 0.41 | 0.04 | 10 | ||
1996-10-21 | 1996-09-30 | 0.33 | 0.28 | -0.05 | 15 | ||
1996-07-22 | 1996-06-30 | 0.4 | 0.51 | 0.11 | 27 | ||
1996-04-22 | 1996-03-31 | 0.27 | 0.32 | 0.05 | 18 | ||
1996-01-23 | 1995-12-31 | 0.23 | 0.24 | 0.01 | 4 | ||
1995-10-23 | 1995-09-30 | 0.2 | 0.2 | 0.0 | 0 |
Materion Corporate Directors
Robert Toth | Independent Director | Profile | |
Darlene Solomon | Independent Director | Profile | |
Robert Phillippy | Independent Director | Profile | |
Craig Shular | Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Materion. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Materion Stock, please use our How to Invest in Materion guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Materion. If investors know Materion will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Materion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.328 | Earnings Share 0.77 | Revenue Per Share | Quarterly Revenue Growth 0.091 | Return On Assets |
The market value of Materion is measured differently than its book value, which is the value of Materion that is recorded on the company's balance sheet. Investors also form their own opinion of Materion's value that differs from its market value or its book value, called intrinsic value, which is Materion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Materion's market value can be influenced by many factors that don't directly affect Materion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Materion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Materion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Materion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.