Mativ Holdings, Inc. (MATV) · 10+ Years of Financial Ratios

Profitability	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Return on Common Equity (%)	13.15	20.99	24.4	17.59	15.08	17.27	16.75	14.48	5.96	16	13.7	12.79	12.99	-1	-72.26
Return on Assets (%)	4.68	7.95	10.92	9.22	7.21	7.44	7.24	6.72	2.54	6.29	5.85	5.48	4.45	-0.22	-9.8
Return on Capital (%)	10.01	18.1	19.75	13.54	10.03	10.25	9.35	8.97	3.76	9.66	9.62	8.87	- -	- -	- -
Return on Invested Capital (%)	15	13.73	16.04	15.08	12.02	10.3	9.48	11.01	3.81	10.28	9.99	9.55	- -	- -	- -
Gross Margin (%)	24.47	26.56	29.47	31.84	32.7	27.55	29.37	30.56	28.74	26.75	28.35	28.7	22.94	20.19	17.56
EBITDA Margin (%)	19.87	22.02	21.66	25.48	26.33	20.68	20.76	20.98	19.58	19.04	19.1	19.82	12.92	9.22	7.77
Operating Margin (%)	13.94	16.62	16.32	20.48	21.51	15.01	15.39	15.68	13.52	13.13	13.46	13.1	6.49	3.26	0.48
Incremental Operating Margin (%)	-233.45	-9,900	13.42	-100.36	-31.37	-218.6	5.3	18.6	0.77	6.59	-5.41	5.81	-12.94	-3.12	43.14
Pretax Margin (%)	6.37	14.59	13.97	16.7	16.52	13.62	13.81	11.12	10.33	11.22	9.47	9.06	5.08	-1.13	-23.74
Profit Margin (%)	4.81	8.82	11.35	10.13	9.85	11.29	11.74	9.86	3.51	9.08	8.39	7.8	6.17	-0.3	-15.28
Net Income to Common Margin (%)	4.81	8.82	11.35	10.13	9.85	11.29	11.74	9.86	3.51	9.08	8.39	7.8	6.17	-0.3	-15.28
Effective Tax Rate (%)	26.91	36.85	27.28	39.44	41.5	18.95	20.47	16.49	68.57	9.16	15.69	18.91	- -	- -	- -
Dvd Payout Ratio (%)	26.97	15.13	11.53	16.85	50.32	49.61	51.82	59.66	150.87	56.12	63.4	65.63	62.2	-1,093.94	-10.89
Sustainable Growth Rate (%)	9.61	17.82	21.58	14.63	7.49	8.7	8.07	5.84	-3.03	7.02	5.01	4.39	4.91	-11.98	-80.13

Credit	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	60	52	146	156	385	440	572	440	684	622	543	593	1,270	1,765	1,169
ST Debt	18	9	5	4	4	3	3	3	5	3	2	3	3	45	14
LT Debt	42	43	141	152	381	437	568	437	679	619	541	590	1,267	1,720	1,155
Total Debt/EBITDA	0.41	0.32	0.83	0.78	1.89	2.68	3.6	2.5	3.56	3.14	2.78	2.79	6.83	8.83	7.42
Net Debt/EBITDA	0.02	-0.22	0.39	0.02	0.56	0.91	2.43	1.89	3	2.66	2.25	2.53	6.42	7.92	6.25
Total Debt/EBIT	0.58	0.42	1.1	0.97	2.32	3.69	4.86	3.34	5.15	4.55	3.94	4.22	13.6	24.96	120.56
Net Debt/EBIT	0.03	-0.29	0.52	0.03	0.68	1.26	3.27	2.53	4.35	3.86	3.19	3.83	12.8	22.39	101.48
EBITDA to Interest Expense	30.65	90.56	68	59.06	70.17	22.82	16.35	10.61	7.15	7.03	5.41	6.98	4.04	2.32	2.53
EBITDA-CapEx/Interest Expense	25.17	39.28	43.58	50.79	59.97	17.81	13.76	8.77	5.64	5.98	4.47	5.89	3.56	1.76	1.46
EBIT to Interest Expense	21.5	68.33	51.23	47.47	57.31	16.56	12.12	7.93	4.94	4.85	3.81	4.61	2.03	0.82	0.16
Interest Expense	5	2	3	3	3	7	10	17	27	28	36	30	46	86	62
Common Equity/Total Assets	35.84	39.78	49.79	54.87	42.74	43.46	43.07	50.13	36.94	41.79	43.59	42.23	28.99	16.76	9.1
Long-Term Debt/Equity (%)	8.79	8.22	29.63	29.66	67.9	89.41	121.44	86.05	124.22	110.92	90.48	90.9	185.74	145.86	121.73
Long-Term Debt/Capital (%)	12.33	11.05	24.88	23.63	41.96	45.74	50.41	42.52	54.15	50.17	45.67	46.77	64.33	72.24	81.95
Long-Term Debt/Total Assets (%)	5.35	5.07	16.68	17.12	31.15	36.84	44.05	37.27	44.03	42.3	36.75	37.26	52.52	46.79	43.72
Total Debt/Equity (%)	12.46	9.88	30.68	30.48	68.65	90	122.14	86.64	125.15	111.51	90.8	91.33	186.21	149.66	123.21
Total Debt/Capital (%)	17.48	13.28	25.76	24.28	42.42	46.05	50.71	42.81	54.56	50.44	45.83	46.99	64.49	74.12	82.95
Total Debt/Total Assets (%)	7.59	6.09	17.27	17.59	31.49	37.09	44.3	37.52	44.36	42.53	36.88	37.43	52.65	48.01	44.26
Net Debt to Equity	0.66	-6.77	14.6	0.94	20.2	30.63	82.28	65.51	105.6	94.69	73.57	82.91	175.26	134.23	103.72
Net Debt/Capital (%)	1.11	-11.72	14.17	0.98	17.82	22.51	40.93	36.14	50.33	46.36	40.67	44.59	63.09	70.15	76.33
EBITDA	147	163	177	201	204	164	159	176	192	198	195	213	186	200	158
EBITDA-CapEx	121	71	113	173	174	128	134	146	152	169	161	180	164	152	91
Operating Income (Loss)	103	123	133	161	166	119	118	132	133	137	138	141	93	71	10

Liquidity	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	0.31	0.47	0.54	1.19	1.89	2.35	1.3	0.79	0.73	0.65	0.65	0.33	0.32	0.27	0.43
Current Ratio	1.61	1.68	2.32	3.01	3.72	4.21	3.11	2.68	2.94	2.97	2.71	2.38	2.57	2.09	2.53
Quick Ratio	0.77	1	1.34	1.94	2.64	3.11	2.14	1.64	1.74	1.73	1.56	1.22	1.35	0.88	1.16
CFO/Avg Current Liab	0.33	0.76	0.5	1.28	1.32	1.24	1.09	0.93	0.93	0.96	1.07	1	0.29	0.58	0.29
Common Equity/Total Assets	35.84	39.78	49.79	54.87	42.74	43.46	43.07	50.13	36.94	41.79	43.59	42.23	28.99	16.76	9.1
Long-Term Debt/Equity (%)	8.79	8.22	29.63	29.66	67.9	89.41	121.44	86.05	124.22	110.92	90.48	90.9	185.74	145.86	121.73
Long-Term Debt/Capital (%)	12.33	11.05	24.88	23.63	41.96	45.74	50.41	42.52	54.15	50.17	45.67	46.77	64.33	72.24	81.95
Long-Term Debt/Total Assets (%)	5.35	5.07	16.68	17.12	31.15	36.84	44.05	37.27	44.03	42.3	36.75	37.26	52.52	46.79	43.72
Total Debt/Equity (%)	12.46	9.88	30.68	30.48	68.65	90	122.14	86.64	125.15	111.51	90.8	91.33	186.21	149.66	123.21
Total Debt/Capital (%)	17.48	13.28	25.76	24.28	42.42	46.05	50.71	42.81	54.56	50.44	45.83	46.99	64.49	74.12	82.95
Total Debt/Total Assets (%)	7.59	6.09	17.27	17.59	31.49	37.09	44.3	37.52	44.36	42.53	36.88	37.43	52.65	48.01	44.26
CFO/Total Liabilities	20.47	43.26	22.07	45.77	26.89	23.78	17.6	19.49	13.16	15.37	18.34	17.28	3.36	8.1	6.3
CFO/CapEx	2.41	1.53	1.28	6.11	6.02	4.6	5.76	4.24	3.22	4.68	4.7	4.85	2.62	4.2	1.61
Altman's Z-Score	4.57	4.19	4.21	4.58	3.72	3.37	3.11	3.77	2.98	2.91	3.27	3.13	2.11	2.1	2.2

Working Capital	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Accounts Receivable Turnover	8.57	8.02	7.73	7.59	7.61	7.88	7.16	7.16	7.43	6.85	6.87	7.37	7.45	8.59	9.79
Days Sales Outstanding	42.59	45.54	47.22	48.1	47.94	46.3	50.95	50.95	49.15	53.28	53.14	49.55	48.98	42.51	37.29
Inventory Turnover	4.55	4.51	5.06	4.77	4.26	4.77	4.89	5.03	5.1	4.97	4.68	4.49	5.05	4.35	3.76
Days Inventory Outstanding	80.19	80.94	72.15	76.57	85.76	76.49	74.66	72.54	71.61	73.38	77.93	81.26	72.23	83.81	97.01
Accounts Payable Turnover	10.22	9.37	9.59	10.78	11.69	12.01	11.59	11.89	13.41	12.14	11.24	12.36	13.48	11.74	8.15
Accounts Payable Turnover Days	35.72	38.94	38.07	33.87	31.22	30.4	31.49	30.71	27.22	30.08	32.46	29.52	27.08	31.1	44.76
Cash Conversion Cycle	87.06	87.54	81.3	90.8	102.48	92.39	94.12	92.79	93.55	96.58	98.6	101.28	94.13	95.22	89.54
Inventory to Cash Days	-37.59	-35.4	-24.93	-28.48	-37.82	-30.19	-23.72	-21.58	-22.46	-20.1	-24.79	-31.71	-23.25	-41.31	-59.72
Inventories	127	114	114	112	133	108	112	119	155	152	161	180	260	535	353
Raw Materials	57	53	48	51	58	51	59	51	60	59	75	73	122	230	142
Work In Process	30	24	29	23	24	17	17	24	21	22	21	23	42	80	50
Finished Goods	39	37	36	37	51	40	36	45	74	70	65	84	96	224	160
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	1,288	1,138	1,077	1,205	1,595	1,312	1,298	1,399	1,407	798	1,308	1,248	937	1,149	840
- Cash & Cash Equivalents	57	87	76	151	272	290	186	107	107	94	103	55	75	124	120
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	60	52	146	156	385	440	572	440	684	622	543	593	1,270	1,765	1,169
Enterprise Value	1,291	1,102	1,146	1,210	1,709	1,462	1,683	1,732	1,985	1,326	1,748	1,787	2,133	2,790	1,889
Total Capital	344	390	567	642	908	956	1,127	1,029	1,254	1,233	1,184	1,263	1,970	2,381	1,410
Total Debt/Capital (%)	17.48	13.28	25.76	24.28	42.42	46.05	50.71	42.81	54.56	50.44	45.83	46.99	64.49	74.12	82.95
Total Debt / EV	0.05	0.05	0.13	0.13	0.23	0.3	0.34	0.25	0.34	0.47	0.31	0.33	0.6	0.63	0.62
EV/Sales	1.74	1.49	1.4	1.54	2.21	1.84	2.2	2.06	2.02	1.27	1.71	1.66	1.48	1.29	0.93
EV/EBITDA	8.78	6.76	6.48	6.02	8.4	8.9	10.61	9.83	10.32	6.69	8.95	8.39	11.46	13.96	12
EV/EBIT	12.51	8.96	8.6	7.5	10.28	12.26	14.31	13.15	14.95	9.7	12.69	12.7	22.84	39.46	194.79
EV/Cash Flow to Firm	19.3	7.75	13.74	6.97	9.5	8.51	11.04	12.07	14.23	8.05	9.16	9.59	19.37	11.44	10.97
EV/Free Cash Flow to Firm	13.85	4.7	7.8	6	8.16	7.03	9.48	9.95	11.02	6.82	7.77	8.13	16.12	9.55	7.92
Diluted Market Cap	1,153	1,139	1,114	1,210	1,586	1,307	1,293	1,396	1,400	796	1,306	1,239	936	888	845
Diluted Enterprise Value	1,156	1,104	1,183	1,215	1,699	1,457	1,678	1,729	1,977	1,324	1,745	1,778	2,131	2,528	1,894
EV per Share	36.12	30.58	35.41	38.77	54.38	47.98	55.21	56.71	64.63	43.11	56.57	57.03	67.82	50.79	34.85
TTM Sales	740	740	816	788	773	794	764	840	982	1,041	1,023	1,074	1,440	2,167	2,026
TTM EBITDA	147	163	177	201	204	164	159	176	192	198	195	213	186	200	158
TTM Operating Income	103	123	133	161	166	119	118	132	133	137	138	141	93	71	10
TTM Cash Flow to Firm	67	142	83	174	180	172	152	144	139	165	191	186	110	244	172
TTM Free Cash Flow to Firm	93	235	147	202	209	208	178	174	180	194	225	220	132	292	239

Multiples	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Price/Earnings	31.48	17.1	11.94	15	20.72	14.52	14.36	16.77	40.39	8.39	15.13	14.66	10.4	- -	- -
Price/Earnings Average	15.84	15.51	10.4	13.36	19.95	14.49	13.66	13.55	36.29	12.73	12.86	12.05	13.89	-162.63	-3.16
Price/Earnings High	30.61	21.67	12.97	15.14	25.3	16.92	15.71	16.73	40.88	15.15	16.13	15.2	17.4	-201.99	-4.78
Price/Earnings Low	5.8	11.56	8.53	12.16	14.8	12.62	11.25	10.71	32.2	8.08	9.16	7.73	9.95	-121.99	-2.06
Price/Book Value	4.54	3.36	2.56	2.48	3.05	2.54	2.34	2.38	2.47	1.31	2.04	1.86	1.34	1.86	3.5
Price/Book Value Average	2.28	3.05	2.23	2.21	2.94	2.54	2.22	1.92	2.22	1.98	1.73	1.53	1.79	2.25	4.05
Price/Book Value High	4.41	4.26	2.78	2.5	3.72	2.96	2.56	2.37	2.5	2.36	2.17	1.93	2.24	2.8	6.12
Price/Book Value Low	0.84	2.27	1.83	2.01	2.18	2.21	1.83	1.52	1.97	1.26	1.24	0.98	1.28	1.69	2.64
Price/Tangible Book Value	2.75	2.21	2.3	2.44	3.6	3.61	5.53	5.02	6.85	3.63	5.03	5.08	22.64	-3.04	-5.1
Price/Tangible Book Value Average	1.38	2	2	2.17	3.47	3.6	5.26	4.06	6.16	5.51	4.27	4.17	30.23	-3.67	-5.91
Price/Tangible Book Value High	2.68	2.8	2.5	2.46	4.4	4.21	6.05	5.01	6.93	6.56	5.36	5.26	37.86	-4.56	-8.93
Price/Tangible Book Value Low	0.51	1.49	1.64	1.98	2.57	3.14	4.33	3.21	5.46	3.5	3.04	2.68	21.65	-2.76	-3.85
Price/Sales	1.51	1.51	1.35	1.52	2.04	1.64	1.69	1.65	1.42	0.76	1.27	1.14	0.64	0.41	0.42
Price/Sales Average	0.76	1.37	1.18	1.35	1.96	1.64	1.6	1.34	1.27	1.15	1.08	0.94	0.86	0.5	0.48
Price/Sales High	1.47	1.91	1.47	1.53	2.49	1.91	1.84	1.65	1.44	1.37	1.35	1.19	1.07	0.62	0.73
Price/Sales Low	0.28	1.02	0.97	1.23	1.46	1.43	1.32	1.06	1.13	0.73	0.77	0.6	0.61	0.37	0.31
Price/Cash Flow	17.67	7.91	13.56	6.97	8.85	7.85	8.9	10.71	10.64	5.7	8.1	7.6	15.92	4.39	7.93
Price/Cash Flow Average	8.9	7.18	11.82	6.21	8.52	7.83	8.47	8.65	9.56	8.65	6.88	6.25	21.25	5.31	9.19
Price/Cash Flow High	17.19	10.03	14.74	7.04	10.81	9.15	9.74	10.68	10.77	10.29	8.63	7.88	26.62	6.59	13.87
Price/Cash Flow Low	3.26	5.35	9.69	5.66	6.32	6.82	6.98	6.84	8.48	5.49	4.9	4.01	15.22	3.98	5.98
Price/Free Cash Flow	12.86	4.88	7.68	6.06	7.64	6.47	7.62	8.71	8.15	4.72	6.72	6.36	11.65	3.55	4.88
Price/Free Cash Flow Average	6.47	4.43	6.7	5.4	7.35	6.46	7.25	7.04	7.33	7.16	5.71	5.23	15.56	4.29	5.66
Price/Free Cash Flow High	12.5	6.19	8.35	6.12	9.32	7.54	8.33	8.68	8.25	8.52	7.16	6.59	19.49	5.32	8.55
Price/Free Cash Flow Low	2.37	3.3	5.49	4.92	5.45	5.63	5.97	5.56	6.5	4.54	4.07	3.35	11.14	3.22	3.69
EV/Sales	1.74	1.49	1.4	1.54	2.21	1.84	2.2	2.06	2.02	1.27	1.71	1.66	1.48	1.29	0.93
EV/Sales Average	0.88	1.35	1.23	1.37	2.13	1.84	2.12	1.74	1.88	1.67	1.52	1.46	1.7	1.4	1
EV/Sales High	1.7	1.9	1.52	1.55	2.67	2.11	2.36	2.06	2.04	1.89	1.79	1.71	1.92	1.55	1.24
EV/Sales Low	0.32	0.99	1.03	1.25	1.62	1.62	1.83	1.46	1.73	1.25	1.2	1.11	1.45	1.24	0.83
EV/EBITDA	8.78	6.76	6.48	6.02	8.4	8.9	10.61	9.83	10.32	6.69	8.95	8.39	11.46	13.96	12
EV/EBITDA Average	4.43	6.12	5.7	5.37	8.1	8.88	10.21	8.31	9.58	8.77	7.94	7.35	13.15	15.16	12.85
EV/EBITDA High	8.54	8.63	7.01	6.08	10.13	10.22	11.38	9.81	10.41	9.94	9.39	8.61	14.85	16.84	16
EV/EBITDA Low	1.64	4.5	4.74	4.89	6.16	7.85	8.84	6.96	8.84	6.54	6.31	5.62	11.24	13.42	10.69
EV/EBIT	12.51	8.96	8.6	7.5	10.28	12.26	14.31	13.15	14.95	9.7	12.69	12.7	22.84	39.46	194.79
EV/EBIT Average	6.31	8.1	7.57	6.68	9.92	12.24	13.77	11.12	13.87	12.73	11.27	11.12	26.2	42.85	208.57
EV/EBIT High	12.17	11.44	9.31	7.57	12.4	14.08	15.35	13.12	15.07	14.41	13.32	13.03	29.58	47.61	259.79
EV/EBIT Low	2.33	5.97	6.3	6.08	7.54	10.83	11.92	9.31	12.79	9.49	8.95	8.5	22.4	37.94	173.55
Last Price	36.03	31.56	33.26	38.62	50.77	43.06	42.58	45.81	45.83	25.94	42.34	39.84	29.8	20.92	15.5
High Price	35.04	40	36.15	39	62	50.18	46.59	45.69	46.38	46.86	45.14	41.31	49.84	31.41	27.13
Low Price	6.64	21.34	23.76	31.32	36.26	37.44	33.37	29.26	36.53	24.98	25.65	21	28.5	18.97	11.7
Enterprise Value	1,291	1,102	1,146	1,210	1,709	1,462	1,683	1,732	1,985	1,326	1,748	1,787	2,133	2,790	1,889
Enterprise Value Average	651	997	1,008	1,079	1,649	1,459	1,620	1,464	1,842	1,740	1,552	1,565	2,447	3,030	2,023
Enterprise Value High	1,256	1,407	1,240	1,222	2,062	1,679	1,805	1,729	2,002	1,970	1,834	1,833	2,763	3,366	2,520
Enterprise Value Low	241	734	839	982	1,253	1,290	1,402	1,227	1,699	1,297	1,232	1,196	2,092	2,683	1,683

Per Share Data Items	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Shares Outstanding	36	36	32	31	31	30	30	31	31	31	31	31	31	55	54
Diluted Weighted Avg Shares	32	36	33	31	31	30	30	30	31	31	31	31	31	42	55
Basic Weighted Avg Shares	31	35	33	31	31	30	30	30	30	31	31	31	31	42	55
Revenue per Share	23.81	20.93	24.56	25.43	24.88	26.27	25.26	27.71	32.3	34.08	33.37	34.85	46.41	51.07	37.17
EBITDA per Share	4.73	4.61	5.32	6.48	6.55	5.43	5.24	5.81	6.32	6.49	6.37	6.9	6	4.71	2.89
Operating Income per Share	3.32	3.48	4.01	5.21	5.35	3.94	3.89	4.34	4.37	4.47	4.49	4.56	3.01	1.67	0.18
Basic EPS, GAAP	1.14	1.85	2.79	2.58	2.45	2.97	2.97	2.73	1.13	3.09	2.8	2.72	2.86	-0.16	-5.68
Basic EPS from Cont Ops	1.14	2.02	2.64	2.7	2.53	2.97	2.99	2.73	1.13	3.1	2.8	2.72	2.86	-0.16	-9.31
Diluted EPS, GAAP	1.11	1.81	2.77	2.55	2.44	2.95	2.95	2.72	1.13	3.08	2.78	2.69	2.83	-0.16	-5.68
Diluted EPS from Cont Ops	1.11	1.98	2.62	2.67	2.51	2.95	2.98	2.72	1.13	3.09	2.78	2.69	2.83	-0.16	-9.31
Dividend per Share	0.31	0.31	0.3	0.46	1.27	1.47	1.55	1.63	1.71	1.74	1.77	1.78	1.78	1.7	1.01
Cash Flow per Share	2.04	3.99	2.45	5.54	5.73	5.49	4.78	4.28	4.31	4.55	5.23	5.24	1.87	4.76	1.96
Free Cash Flow per Basic Share	1.19	1.38	0.54	4.63	4.78	4.29	3.95	3.27	2.97	3.58	4.12	4.16	1.16	3.63	0.74
Cash & Equivalents per Share	1.59	2.42	2.36	4.85	8.66	9.53	6.12	3.52	3.48	3.05	3.33	1.75	2.38	2.26	2.22
Book Value per Share	7.94	9.38	13	15.59	16.65	16.93	18.23	19.26	18.55	19.87	20.76	21.37	22.24	11.22	4.43
Tangible Book Value per Share	13.09	14.29	14.48	15.84	14.09	11.93	7.7	9.13	6.69	7.14	8.42	7.85	1.32	-6.89	-3.04

Mativ Holdings, Inc.

MATV US

17.82