19 October 2026

strategyland.uk

Johnson Matthey PLC (JMAT)

Rank #57 of 280 - Basic Materials - UK Equities

Home/Stocks/Basic Materials

Johnson Matthey PLC

JMAT.L·Basic Materials·Market Cap £3.1b

Rank #57 of 280

Quantitative Model · 280 Stocks Analysed

£24.68

+10.88% YTD

52W: £18.08 - £25.41

Factor Analysis Summary

Editorial assessment generated from Johnson Matthey PLC's live factor scores and sector positioning.

Based on Strategyland's proprietary 7-factor analysis, Johnson Matthey PLC (JMAT.L) currently holds an overall rank of #57 out of 280 FTSE 100 constituents, reflecting its weighted composite score across liquidity, valuation, profitability, solvency, asset efficiency, market trading, and technical dimensions.

Key strengths include asset efficiency, where it demonstrates highly efficient capital deployment, converting assets into revenue and returns effectively; technical (RSI 65.6), where it demonstrates positive technical momentum with price action supporting a constructive trend; and market trading, where it demonstrates healthy trading activity and market interest relative to the FTSE 100 median.

Areas requiring attention include solvency (debt/equity 0.7), where higher debt levels or weaker coverage ratios raise solvency concerns, as well as profitability (ROE -4.2%, net margin -0.7%), where profitability metrics sit near the FTSE 100 median without a clear competitive edge.

Within the Basic Materials sector, Johnson Matthey PLC sits at composite rank #57, trailing the Basic Materials peer average (rank 27). It ranks behind all 6 tracked Basic Materials peers in our model.

Ranking in the top quartile overall, Johnson Matthey PLC offers a favourable balance of fundamentals, though investors should weigh its asset efficiency advantage against solvency — its relatively weakest factor.

Strongest Factors

Asset Efficiency — Rank 21/280 (top quartile)
Technical — Rank 70/280 (top quartile)
Market Trading — Rank 95/280 (above average)

Weakest Factors

Solvency — Rank 171/280 (below average)
Profitability — Rank 164/280 (middle of the pack)

Score Analysis

Johnson Matthey PLC is ranked #57 out of 280 UK stocks. Lower factor scores indicate better performance in that category.

Factor Breakdown

113/280

Average Score

Liquidity

Fair152/280

Valuation

Fair120/280

Profitability

Fair164/280

Solvency

Weak171/280

Asset Efficiency

Excellent21/280

Mkt Trading

Good95/280

Technical

Excellent70/280

1. Liquidity

Score: 152/280

How liquid is JMAT and can it meet its short-term obligations?

2/6

liquidity criteria met

Metric

Sector Range

Value

Rank

✓

Quick Ratio

1.0 - 1.6

1.21xRank 44/280

Range: 1.0 - 1.6Rank 44/280

✗

Current Ratio

1.8 - 2.6

1.56xRank 110/280

Range: 1.8 - 2.6Rank 110/280

✗

TTM Operating Cash Flow

0.5 - 1.0

0.16xRank 196/280

Range: 0.5 - 1.0Rank 196/280

–

Liquidity Coverage Ratio

N/A

Range: N/A

✗

Intangible Asset Ratio

2 - 10

0.03xRank 101/280

Range: 2 - 10Rank 101/280

✓

Cash-to-Debt Ratio

0.3 - 0.7

0.38xRank 112/280

Range: 0.3 - 0.7Rank 112/280

Key Liquidity Metrics

Quick Ratio

1.21x

Sector: 1.0 - 1.6

Current Ratio

1.56x

Sector: 1.8 - 2.6

Overall Liquidity Rank

Rank within universe#152/280

Best (1)Worst (280)

2. Valuation

Score: 120/280

Is JMAT undervalued compared to its peers and fair value metrics?

5/7

valuation criteria met

Metric

Sector Range

Value

Rank

✗

FY27e P/E

12x - 25x

9.9xRank 61/280

Range: 12x - 25xRank 61/280

✓

FY26e P/E

12x - 25x

12.7xRank 100/280

Range: 12x - 25xRank 100/280

✓

FY27e Net Div Yld (%)

1.5 - 4.5

3.79%Rank 109/280

Range: 1.5 - 4.5Rank 109/280

–

Div Payout Ratio

30 - 60

N/ARank 25/280

Range: 30 - 60Rank 25/280

✓

Current EV/EBITDA

6.0x - 10.0x

6.9xRank 100/280

Range: 6.0x - 10.0xRank 100/280

✓

Current P/TBV

1.0x - 3.0x

1.45xRank 107/280

Range: 1.0x - 3.0xRank 107/280

✓

Current P/B

1.0x - 3.5x

1.24xRank 124/280

Range: 1.0x - 3.5xRank 124/280

Key Valuation Metrics

TTM P/E

Price-to-Earnings

N/A

FY26e P/E

Forward estimate

12.7x

FY27e P/E

Forward estimate

9.9x

Current P/B

Price-to-Book

1.24x

Current P/TBV

Tangible Book Value

1.45x

Current EV/EBITDA

Enterprise Value

6.9x

FY26e EV/EBITDA

Forward estimate

6.7x

FY27e EV/EBITDA

Forward estimate

6.6x

Dividend

JMAT pays a dividend yield of 5.18%.

Current Yield

5.18%

FY27e Net Div Yield

3.79%

FY26e Gross DPS

1.042

FY27e Gross DPS

0.936

Dividend Per Share Forecast

3. Profitability

Score: 164/280

How profitable is JMAT relative to its peers?

1/7

profitability criteria met

Metric

Sector Range

Value

Rank

✗

TTM Profit Margin

4 - 9

-0.7%Rank 257/280

Range: 4 - 9Rank 257/280

✗

T12 FCF Margin

5 - 12

1.3%Rank 53/280

Range: 5 - 12Rank 53/280

✗

FY27e RoE

6 - 14

19.3%Rank 81/280

Range: 6 - 14Rank 81/280

✓

FY26 EPS Growth

10 - 25

12.0%Rank 85/280

Range: 10 - 25Rank 85/280

✗

FY27e EPS Growth

0 - 8

42.8%Rank 45/280

Range: 0 - 8Rank 45/280

–

NIM

N/A

Range: N/A

–

Expense Ratio

70 - 80

N/A

Range: 70 - 80

TTM Profit Margin

-0.7%

Current RoCE

-4.2%

FY27e RoE

19.3%

T12 FCF Margin

1.3%

EPS Growth

4. Solvency

Score: 171/280

How strong is JMAT's balance sheet and financial position?

2/6

solvency criteria met

Metric

Sector Range

Value

Rank

✓

Debt/Eqt

0.3x - 0.8x

0.70xRank 171/280

Range: 0.3x - 0.8xRank 171/280

–

Interest Coverage Ratio

4x - 10x

Rank 228Rank 228/280

Range: 4x - 10xRank 228/280

✓

Net Leverage Ratio

1.5x - 2.5x

1.80xRank 114/280

Range: 1.5x - 2.5xRank 114/280

–

Altman Z-Score (Manufacturing)

<1.10 - >2.99

3.57Rank 155/280

Range: <1.10 - >2.99Rank 155/280

–

Z-Score (Non Manufacturing)

<1.10 - >2.60

Rank 125Rank 125/280

Range: <1.10 - >2.60Rank 125/280

–

CapAdeq Ratio Tier1

N/A

Range: N/A

Key Solvency Metrics

Debt/Eqt

0.70x

Net Leverage Ratio

1.80x

Interest Coverage

Rank 228

T12 FCF Margin

1.3%

Altman Z-Score

3.57

Safe Zone

01.812.995+

5. Asset Efficiency

Score: 21/280

How efficiently does JMAT deploy its assets and intellectual capital?

1/5

asset efficiency criteria met

Metric

Sector Range

Value

Rank

–

Efficiency Ratio

N/A

Range: N/A

✗

TTM Asset Turnover Ratio

0.4x - 0.8x

2.07xRank 10/280

Range: 0.4x - 0.8xRank 10/280

✗

TTM CAPEX/Sales

7 - 18

1.9%Rank 154/280

Range: 7 - 18Rank 154/280

✓

Working Capital Turnover

8x - 13x

10.30xRank 42/280

Range: 8x - 13xRank 42/280

–

R&D/Sales FY27e

0.2 - 1.5

N/A

Range: 0.2 - 1.5

Overall Asset Efficiency Rank

Rank within sector peers#21/280

Best (1)Worst (280)

6. Market Trading

Score: 95/280

How liquid and actively traded is JMAT?

2/2

market trading criteria met

Metric

Sector Range

Value

Rank

✓

Intraday Sentiment (%)

20 -80

22.0%Rank 193/280

Range: 20 -80Rank 193/280

–

10D-Avg v/s 3M-Avg Vol

N/A

82%Rank 50/280

Range: N/ARank 50/280

✓

Avg Directional Index 30D

15 - 55

36.9Rank 11/280

Range: 15 - 55Rank 11/280

–

Parabolic SAR

N/A

2366.00Rank 53/280

Range: N/ARank 53/280

–

Stock Rating Rank

N/A

Rank 100Rank 100/280

Range: N/ARank 100/280

Market Cap

£3,101,243,453

Enterprise Value

£3,967,884,757

Trading Volume

7. Technical

Score: 70/280

What do the technical indicators say about JMAT?

0/5

technical criteria met

Metric

Chart

Sector Range

Value

Rank

–

CMP v/s 52-WH

£25.41£18.08

-2.9%CMP: £24.68

N/A

-2.9%Rank 28/280

£25.41£18.08

-2.9%CMP: £24.68

Range: N/ARank 28/280

–

CMP v/s 52-WL

£25.41£18.08

+36.5%CMP: £24.68

N/A

36.5%Rank 185/280

£25.41£18.08

+36.5%CMP: £24.68

Range: N/ARank 185/280

–

RSI 14D

065.6 - Bullish100

N/A

65.6Rank 50/280

065.6 - Bullish100

Range: N/ARank 50/280

–

MA50 - MA200

£22.11+0.96£23.07

N/A

BullishRank 49/280

£22.11+0.96£23.07

Range: N/ARank 49/280

–

MACD Rank

Golden Cross

MACD: 5.85

N/A

5.85Rank 100/280

Golden Cross

MACD: 5.85

Range: N/ARank 100/280

RSI (14 Day)

65.6

Bullish

0 (Oversold)50100 (Overbought)

Moving Averages

50 SMA£23.07

200 SMA£22.11

SignalGolden Cross (Bullish)

MACD5.85

Risk Metrics

Beta

N/A

3-Yr Std Dev

0.2%

5-Yr Std Dev

0.3%

Peer Comparison

How does JMAT compare to other Basic Materials stocks?

Overall Rank Comparison

Factor Score Comparison

Stock	Rank	Liquidity	Valuation	Profitability	Solvency	Mkt Trading	Technical
JMAT	#57	152	120	164	171	95	70
RIO.L	#2	90	125	72	110	98	127
ATYM.L	#13	13	182	63	51	36	29
HILS.L	#25	26	256	98	87	8	9
EDV.L	#26	224	111	28	86	110	110
PAFR.L	#39	180	79	115	64	224	250
HOCM.L	#54	158	165	59	106	208	276

Similar Stocks

Other top-ranked stocks in the Basic Materials sector

Atalaya Mining Copper SA

Pan African Resources PLC

Rank #39Score: 152

HOCM.L

Hochschild Mining PLC

Rank #54Score: 162

Catch Healthcare Events Before the Market Moves

SEC filings, FDA approvals, clinical trials, and regulatory events - scored for significance across 4 global markets.

Methodology Note

The analysis presented for Johnson Matthey PLC is produced using Strategyland's proprietary 7-factor quantitative model, which evaluates each stock across Liquidity, Valuation, Profitability, Solvency, Asset Efficiency, Market Trading, and Technical dimensions. Individual factor scores and the composite rank reflect relative rankings within the FTSE 100 universe — a lower rank number indicates stronger performance in that category.

Underlying financial and market data is sourced from LSEG (London Stock Exchange Group) and processed through our scoring engine. Scores are recalculated as new data becomes available and should be interpreted as a systematic screening output, not a forecast of future share price performance.

This content is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Past performance and factor rankings are not indicative of future results. Please read our Risk Disclaimer before making any investment decisions.

Strategyland Research Center - strategyland.ukThis report is for informational purposes only. Not financial advice.