Skip to Content
Morningstar

Mettler-Toledo International Inc MTD

Morningstar Rating
Unlock
Stock XNYS Rating as of
Today’s Gainers
$1,510.25 +219.83 (17.04%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Mettler-Toledo Earnings: Stronger Start to 2024, but Demand Softness Still Weighing on Growth

Julie Utterback, Ava Gams

Narrow-moat Mettler-Toledo posted first-quarter results that were better than anticipated, despite the weaker conditions that persisted across the business. The solid start to the year suggests that normalization could be coming soon, and this leads us to maintain our $880 fair value estimate after confirming that our 2024 and longer-term forecasts appear intact. Shares still look overvalued, especially after the stock rose on these strong results.

Read Full Report

Price vs Fair Value

View History
MTD is trading at a 64% premium.
Price
$1,510.25
Fair Value
$945.00
Uncertainty
Medium
1-Star Price
$5,655.00
5-Star Price
$539.00
Economic Moat
Nsktjd
Capital Allocation
Xymkntfg

Bulls Say, Bears Say

Bulls

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

Bears

Mettler’s large share-buyback program could be destroying shareholder value, with the firm continually adding leverage to buy back what we view as overpriced stock.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if MTD is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$1,290.42
Day Range
$1,389.72–1,514.82
52-Week Range
$928.50–1,514.82
Bid/Ask
$1,425.20 / $1,640.12
Market Cap
$32.30 Bil
Volume/Avg
428,296 / 130,517

Key Statistics

Price/Earnings (Normalized)
39.45
Price/Sales
8.69
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
2.67%

Company Profile

Mettler-Toledo supplies weighing and precision instruments to customers in the life sciences, industrial, and food retail 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 sales distribution roughly as follows: United States around 30% of sales, Europe around 30%, China around 20%, and the rest of the world around 20%.
Sector
Healthcare
Industry
Diagnostics & Research
Stock Style Box
Mid Core
Total Number of Employees
17,300
Website
https://www.mt.com

Competitors

Valuation

View More
Metric
MTD
WAT
DHR
Price/Earnings (Normalized)
 39.4528.6330.88
Price/Book Value
 —15.883.46
Price/Sales
 8.696.868.27
Price/Cash Flow
 36.4724.1828.14
Price/Earnings
MTD
WAT
DHR

Financial Strength

Metric
MTD
WAT
DHR
Quick Ratio
 0.641.391.34
Current Ratio
 1.072.221.85
Interest Coverage
 13.348.2815.85
Quick Ratio
MTD
WAT
DHR

Profitability

Metric
MTD
WAT
DHR
Return on Assets (Normalized)
 24.53%17.19%5.15%
Return on Equity (Normalized)
 —88.59%8.40%
Return on Invested Capital (Normalized)
 44.03%25.75%6.02%
Return on Assets
MTD
WAT
DHR
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Diagnostics & Research Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
TMO
Thermo Fisher Scientific IncHfshwlwnzpVkqw$220.6 Bil
DHR
Danaher CorpQjdlkbjqGhvffs$184.8 Bil
A
Agilent Technologies IncCytdslfdvPmnd$43.9 Bil
IQV
IQVIA Holdings IncDrtfqypxyCxxntqn$42.6 Bil
IDXX
IDEXX Laboratories IncRvdqxdfbKjjxkx$42.1 Bil
ICLR
Icon PLCWdmmqkhyQgmkg$26.1 Bil
WAT
Waters CorpBfgtmpbjlCtpl$20.8 Bil
ILMN
Illumina IncCgbzxsscyXmnpy$17.6 Bil
LH
Laboratory Corp of America HoldingsRcbsnqwmBqgygs$17.4 Bil

Sponsor Center