Mettler-Toledo International Inc MTD

Morningstar Rating
$1,486.19 +5.02 (0.34%)
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Company Report

Mettler-Toledo: Demand Weakness Easing; Product and Pricing Strategies Well Placed for Growth

Mettler-Toledo is the global market leader in laboratory and industrial scales and balances and holds a leading position in product inspection. Apart from its majority share in laboratory balances, the company operates in competitive markets and holds an average share of about 25% across most product lines. While the competitive nature of these markets makes incremental share gains somewhat difficult, Mettler's intense focus on internal sales and marketing initiatives combined with its ongoing efficiency programs have helped the company defy trends in its relatively slow-growing end markets.

Price vs Fair Value

MTD is trading at a LOCK|Bx$%<# premium.
Price
$1,481.17
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Despite the slow market growth of balances, Mettler has consistently produced robust earnings growth with its marketing and efficiency initiatives along with share repurchases.

Bears

Mettler’s large share-buyback program could potentially hurt shareholder value if the firm repurchases stock at a premium.

News

Trading Information

Previous Close Price
$1,481.17
Day Range
$1,480.15–1,501.90
52-Week Range
$1,023.05–1,554.83
Bid/Ask
$1,469.83 / $1,515.17
Shares Outstanding
20.04M
Market Cap
$29.78B
Volume/Avg
125,971 / 184,689

Key Statistics

Price/Earnings (Normalized)
33.00
Price/Sales
7.30
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
2.61%

Company Profile

Mettler-Toledo supplies weighing and precision instruments to customers in the life sciences (around 55% of sales), industrial (around 40%), and food retail (around 5%) industries. Its products include laboratory and retail scales, pipettes, pH meters, thermal analysis equipment, titrators, metal detectors, and X-ray analyzers. Mettler leads the market for weighing instrumentation and controls more than 50% of the market for lab balances. The business is geographically diversified, with the Americas accounting for about 37% of sales, Europe about 27%, China about 16% and the rest of the world about 20%.
Sector
Healthcare
Industry
Diagnostics & Research
Stock Style Box
Mid Core
Total Number of Employees
18,100

Competitors

Valuation

Metric
MTD
SRT3
WAT
Price/Earnings (Normalized)
33.0075.2731.11
Price/Book Value
2,314.406.142.75
Price/Sales
7.304.856.86
Price/Cash Flow
28.1524.5626.54
Price/Earnings
MTD
SRT3
WAT

Financial Strength

Metric
MTD
SRT3
WAT
Quick Ratio
0.650.481.05
Current Ratio
1.121.141.86
Interest Coverage
16.833.662.23
Quick Ratio
MTD
SRT3
WAT

Profitability

Metric
MTD
SRT3
WAT
Return on Assets (Normalized)
26.25%3.06%7.79%
Return on Equity (Normalized)
—10.99%13.28%
Return on Invested Capital (Normalized)
48.46%4.84%10.35%
Return on Assets
MTD
SRT3
WAT

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