Mathios Refractories S.A. (MATHIO) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Mathios Refractories S.A. stock €0.20, price €0.61, that is 67.2% below the price, quality 41 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range €0.2780 – €1.49 · fair‑value band €0.1800 – €0.2100 · the €0.6100 price screens above the €0.2000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Mathios Refractories S.A. develops, manufactures, and sells refractory products and lining solutions in Greece and internationally. The company offers refractory bricks; monolithics and mortars, raw materials; vermiculite and perlite, insulation, anchors, and brackets.
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It also offers pan mixers, concrete pump, brick, refractory brick cutting, and gunning machines. In addition, the company provides research and development, engineering, production, procurement, installation, and maintenance services.
The company offers its products under the brand names of IDEAL, MAT, MAT PLUS, MAT CAST, MAT MICRON and MAT NANO, MAT SF, and MAT RAM. It serves steel, aluminium, cement, power generation, lime, foundry, glass, ceramic, incinerators, and refinery sectors.
Mathios Refractories S.A. was founded in 1890 and is based in Athens, Greece.
Stock analysis
Mathios Refractories S.A. (MATHIO) currently trades at €0.6100, while our model-based Fair Value estimate is €0.2000, 67% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of €0.4300 per share, and 1 of the 6 models we run sit above the €0.6100 price.
Bear case: the Earnings-Based group reads lowest at €0.1600, and 5 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: €0.1800 (bear) to €0.2100 (bull), the price of €0.6100 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Mathios Refractories S.A. reported revenue of €15.2M in FY2022 versus €14.1M in FY2018, a compound +1.9%/yr. Reported net income was −€667K in FY2022.
Key figures
Market cap €6.0M Micro · P/S ratio 0.43 · EPS (TTM) €−0.1850 · Net margin −4.4% · Return on equity −7.1% · Return on assets (EBIT) −0.3% (5-year average) · Operating margin 3.6% · Revenue (TTM) €14.0M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −67%, MATHIO screens richer than that median.
Fair Value models
Bear€0.1800Fair Value €0.2000Bull€0.2100
Price €0.6100 · Downside -67.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.9/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+10.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.5%
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.6%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−0.6% (2017) → 0.3% (2022)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Materials · 257 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−67.2% · Bottom 25%
Profitability
Return on assets−2.8% · Bottom 25%
Net margin (12 months)−3.0% · Bottom 25%
Operating margin (12 months)3.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)8.4% · Above median
Balance sheet
Debt / equity0.22× · Above median
Valuation Multiplesvs Building Materials median · lower = cheaper
P/B0.78× · Cheaper than median
P/S (12 months)0.43× · Cheapest 25%
EV/EBITDA9.4× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 30
FUTURE (revenue growth)42· sector 13
PAST (return on equity)0· sector 17
HEALTH (low debt)89· sector 92
DIVIDEND (yield)0· sector 47
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Mathios Refractories S.A. (MATHIO) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of €0.2000 versus a price of €0.6100, about 67% lower (overvalued).
What is the fair value of MATHIO?
Our model-based fair value for Mathios Refractories S.A. is €0.2000 (as of Nov 4, 2026), built from audited fundamentals. The current price: €0.6100.
What is the quality score of MATHIO?
Mathios Refractories S.A. has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Mathios Refractories S.A. (MATHIO)?
Our model-based price target is the fair value of €0.2000 (as of Nov 4, 2026) from 6 valuation models. Cautious scenario €0.1800, optimistic scenario €0.2100. It is a calculation from audited fundamentals, not an analyst target.
What is the Mathios Refractories S.A. stock forecast for 2026?
Our models put fair value at €0.2000, about 67% lower versus a price of €0.6100 (overvalued). Cautious scenario €0.1800, optimistic scenario €0.2100. The calculation is refreshed regularly with new filings.
What is the revenue of Mathios Refractories S.A. (MATHIO)?
Mathios Refractories S.A. reported trailing-twelve-month revenue of about €14.0M (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Mathios Refractories S.A. (MATHIO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mathios Refractories S.A. it is €0.2000 per share (as of Nov 4, 2026), against a price of €0.6100. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Mathios Refractories S.A. stock overvalued or undervalued in 2026?
As of Nov 4, 2026, MATHIO trades above its calculated fair value: price €0.6100, fair value €0.2000, a gap of about −67% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MATHIO?
No. The price is what the market pays today (€0.6100); the fair value is what the company's own numbers justify (€0.2000). For Mathios Refractories S.A. the two are €0.4100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mathios Refractories S.A. worth?
The market values Mathios Refractories S.A. at about €6.0M (market capitalisation, as of Nov 4, 2026). Per share that is €0.6100; our models calculate a fair value of €0.2000 per share.
What do the bullish and bearish scenarios say about MATHIO?
Our models span a range for Mathios Refractories S.A.: cautious scenario €0.1800, base €0.2000, optimistic €0.2100 per share (as of Nov 4, 2026, price €0.6100). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Mathios Refractories S.A. (MATHIO)?
Balance-sheet figures for Mathios Refractories S.A. (as of Nov 4, 2026): return on equity −7.1%, debt of 0.22 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is MATHIO from its 52-week high?
Mathios Refractories S.A. trades at €0.6100, about 40% below its 52-week high of €1.01 and 3% above the low of €0.5900 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of €0.2000 is for.
Which stocks are comparable to Mathios Refractories S.A.?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Mathios Refractories S.A. stock attractive at the current price?
The data as of Nov 4, 2026: price €0.6100, calculated fair value €0.2000 (−67%), Quality Score 41/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MATHIO calculated?
We run Mathios Refractories S.A. through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of €0.2000 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Mathios Refractories S.A. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Mathios Refractories S.A. (MATHIO)?
The closing price on Nov 9, 2026 was €0.6100. Our model-based fair value is €0.2000, about 67% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mathios Refractories S.A. right now?
The price sits above even our optimistic bull case (€0.2100). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Mathios Refractories S.A.
How large is the market capitalisation of Mathios Refractories S.A. (MATHIO)?
The market capitalisation of Mathios Refractories S.A. is €6.0M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Mathios Refractories S.A. (MATHIO)?
The price-to-sales ratio of Mathios Refractories S.A. is 0.43 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mathios Refractories S.A. (MATHIO)?
Earnings per share at Mathios Refractories S.A. are €−0.1850. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Mathios Refractories S.A. (MATHIO)?
The net margin of Mathios Refractories S.A. is −4.4% (fiscal year 2022). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Mathios Refractories S.A. (MATHIO)?
The return on equity (ROE) of Mathios Refractories S.A. is −7.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Mathios Refractories S.A. (MATHIO)?
On an EBIT basis the return on assets of Mathios Refractories S.A. is −0.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Mathios Refractories S.A. (MATHIO)?
The operating margin of Mathios Refractories S.A. is 3.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mathios Refractories S.A. (MATHIO)?
Revenue at Mathios Refractories S.A. is growing +8.4% versus a year earlier (3y avg −3.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
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Thin data
Nov 4, 2026
