Mettler-Toledo International Inc MTD

Morningstar Rating
$1,452.82 −10.58 (0.72%)
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Company Report

Demand Weakness Easing Soon, and Product and Pricing Strategies Well-Placed for Maintained 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 within a range we consider fairly valued.
Price
$1,463.40
Fair Value
$4,357.00
Uncertainty
Medium
1-Star Price
$6,598.00
5-Star Price
$857.00
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 be destroying shareholder value, with the firm continually adding leverage to buy back what we view as overpriced stock.

News

Trading Information

Previous Close Price
$1,463.40
Day Range
$1,447.881,477.90
52-Week Range
$928.501,546.93
Bid/Ask
$581.29 / $2,325.15
Market Cap
$30.83 Bil
Volume/Avg
100,014 / 112,002

Key Statistics

Price/Earnings (Normalized)
38.78
Price/Sales
8.44
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield
2.66%

Company Profile

Mettler-Toledo supplies weighing and precision instruments to customers in the life sciences (around 55% of sales), industrial (around 39%), and food retail (around 6%) 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 26%, China about 19% and the rest of the world about 18%.
Sector
Healthcare
Industry
Diagnostics & Research
Stock Style Box
Mid Core
Total Number of Employees
17,300

Competitors

Valuation

Metric
MTD
SRT3
WAT
Price/Earnings (Normalized)
38.78181.1731.36
Price/Book Value
6.0814.90
Price/Sales
8.442.447.34
Price/Cash Flow
35.6114.5425.38
Price/Earnings
MTD
SRT3
WAT

Financial Strength

Metric
MTD
SRT3
WAT
Quick Ratio
0.640.961.23
Current Ratio
1.071.912.10
Interest Coverage
13.342.046.96
Quick Ratio
MTD
SRT3
WAT

Profitability

Metric
MTD
SRT3
WAT
Return on Assets (Normalized)
25.11%1.17%14.83%
Return on Equity (Normalized)
4.78%61.05%
Return on Invested Capital (Normalized)
45.56%3.71%21.55%
Return on Assets
MTD
SRT3
WAT

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