October 2026
Largest Advanced Materials Public Companies in the UK
Benchmark revenue and EBITDA valuation multiples for public comps like
Johnson Matthey, Bodycote, Vesuvius, Victrex and Morgan Advanced Materials.
 | Johnson Matthey PLC is a British specialty chemicals and sustainable-technologies company headquartered in London. It develops catalysts, process technologies and products based on platinum-group metals for automotive, chemical, energy and industrial customers. Its emissions-control systems help manufacturers reduce pollutants from vehicles and stationary equipment. The group also supplies catalyst technologies for chemical processing, hydrogen and other lower-carbon applications. Revenue comes from sales of manufactured products, precious-metal services, licensing and technical services to business customers. Johnson Matthey is publicly listed and operates through facilities and commercial organizations in multiple countries. In February 2008 it completed the acquisition of Argillon Group for EUR214 million, adding catalyst and advanced-ceramics technology. The transaction was completed after the German competition authority granted clearance. | $34 | +20% | $4.2B | $5.3B | 0.3x | 13.5x | ||
| Bodycote PLC provides thermal processing services including heat treatment, metal joining, surface coating technologies, and hot isostatic pressing. The aerospace, defence, and energy segment offer thermal processing services across applications including general aviation, aircraft, helicopters, power generation, and others. The automotive and general industrial markets segment provides thermal processing services across the automotive industry and general industries. The company has a geographical presence in the USA, France, Germany, the UK, Sweden, Netherlands. It majority of its revenue from Automotive & General Industrial segment. | $12 | +49% | $2B | $2.3B | 2.4x | 10.7x | ||
| Vesuvius PLC is a provider of metal flow engineering. The company's operating segment includes Steel Flow Control, Steel Advanced Refractories, Steel Sensors & Probes, and the Foundry Division. It generates maximum revenue from the Steel Flow Control segment. Geographically, it derives a majority of its revenue from the EMEA region. | $6 | +25% | $1.5B | $2.2B | 0.9x | 8.9x | ||
| Victrex PLC is a British specialty chemicals company whose business is based predominantly on manufacturing and creating solutions using polyetheretherketone, or PEEK, an ultra-high-performance lightweight plastic. The business has two segments. The Sustainable Solutions targets transportation, energy, electronics, and manufacturing, while the Medical Segment provides healthcare solutions for the implantable device markets. Geographically operates in the United Kingdom, Europe, the Middle East and Africa (EMEA), America, and Asia-Pacific. Its maximum sales are generated from the Middle East and Africa (EMEA). | $13 | +47% | $1.1B | $1.1B | 2.9x | 14.0x | ||
| Morgan Advanced Materials PLC is an advanced materials company that co-designs and manufactures mission-critical solutions using material science and application expertise. The Company's products and solutions include semiconductor consumables, collector strips and carbon brushes, graphite powders, face seals, sliding bearings, rotary seals, rotary vane pump components, structural ceramic components, engineered coatings, ceramic cores, ceramic-to-metal assemblies, braze alloys, ceramic tubes and rollers, extruded products, laser products, and MACOR machinable glass ceramic. The Group operates through three segments: Thermal Products generates maximum revenue, Performance Carbon, and Technical Ceramics. Geographically, it generates the majority of its revenue from the USA. | $4 | +41% | $1B | $1.4B | 1.1x | 12.2x | ||
| Zotefoams PLC is engaged in the manufacturing of polymer foam using bespoke autoclave technology to produce foams with attributes. Its block foams are sold under the AZOTE, T-FIT, ZOTEK, and other brand names. The company serves automotive, aerospace, packaging, industrial parts, marine, building and construction, military, medical, and sports and leisure industries. It has three main operating segments Polyolefin foams, High-Performance Products, and MuCell Extrusion LLC. The maximum revenue to the company is generated from the High-Performance Products. | $7 | +10% | $328M | $394M | 1.9x | 9.7x | ||
| Accsys Technologies PLC is a chemical technology company focused on acetylation of wood. It is engaged in the development, commercialisation, and licensing of the associated proprietary technologies. Its product includes Accoya and Tricoya wood. The company offers Accoya wood for use in external doors, cladding/siding, decking, structural and civil engineering projects and Tricoya wood elements are used in window and door components, door skins, wet interiors, and wall linings. It generates maximum revenue through the sale of Accoya Woods. The maximum geographical areas of customers are from the UK and Ireland region. | $1 | -8% | $179M | $227M | 1.3x | 14.9x | ||
| Hardide PLC is a UK-based company that acts as a provider of tungsten carbide coatings for metal components operating in abrasive, erosive, corrosive, and chemically aggressive environments. The company provides nanostructured and patented, low-temperature chemical vapour deposition coating which provides wear and corrosion resistance and combines toughness with ductility. It extends the life of critical components across high-value industries and applications including oil and gas, pumps, aerospace, petrochemical, power generation, defense, industrial tooling, and others. The company has reportable segments namely UK operation, United States operation and Corporate Central Functions. The majority of the company's revenue is generated from United Kingdom operations. | $1 | +1252% | $112M | $113M | 14.1x | 83.0x | ||
| Delta Gold Technologies PLC focuses on the development of intellectual property targeted towards the quantum computing space. The company is developing, under an exclusive license, intellectual property (IP) targeted towards the quantum computing space. This technology will be centered around the use of nano-scale gold and other nano-engineered materials. | $1 | -- | $99M | $98M | - | - | ||
| Cropper (James) PLC serves in the UK-based paper products industry. It provides specialist paper products and other materials through four operating segments: Advanced Materials; Paper & Packaging; and Group Services and Eliminations. The company earns the majority of its revenue from the Paper & Packaging Segment in the United Kingdom. It also sells its products across the border in the European market, America, Asia, and others. | $10 | +143% | $92M | $102M | 0.7x | 9.8x | ||
| Alkemy Capital Investments PLC is a special purpose investment company that has been established with the intent of generating returns for its equity investors through the acquisition, merger and management of companies or businesses. | $3 | -10% | $39M | $42M | - | (16.2x) | ||
| Median | $6 | +33% | $328M | $394M | 1.3x | 11.5x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.