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IMCD N.V. vs Johnson Matthey: Which Stock Looks Stronger in 2026?

Johnson Matthey holds the cleaner structural position, with the lead spread across profitability and valuation. IMCD does not offset that deficit through any equally strong structural edge elsewhere. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The clearest separation starts in profitability, but valuation adds another real layer to the result. The overall score gap is 30 points in favour of Johnson Matthey Plc.

INDUSTRY COMPARISON

Both operate in: Specialty Chemicals

This comparison is based on industry proximity, not on functional trajectory similarity. IMCD.AS and JMAT.L share the same industry classification.

For a similarity-based comparison, see how IMCD and Johnson Matthey each position within their functional peer groups in AssetNext.

Peer-Relative Score
IMCD.AS
IMCD N.V.
39
Peer-Score
Signal qualityMedium
vs
JMAT.L
Johnson Matthey Plc
69
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: IMCD.AS vs JMAT.L Profitability 26 71 Stability 39 37 Valuation 50 84 Growth 44 77 IMCD.AS JMAT.L
Gap Ranking
#1 Profitability +45
#2 Valuation +34
#3 Growth +33
#4 Stability +2
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for IMCD.AS and JMAT.L Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer IMCD.ASJMAT.L Relative valuation Structural strength

Johnson Matthey Plc looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) and Forward P/E where available.

Relative Position vs Comparable Companies
Profitability
Johnson Matthey Plc ranks near the top of the group on profitability; IMCD N.V. sits in the weaker half.
Valuation
On valuation, the edge is clear — both rank well, but Johnson Matthey Plc sits noticeably higher.
Profitability — Dominant Gap
IMCD.AS
26
JMAT.L
71
Gap+45in favour of JMAT.L

Capital efficiency adds support, with a 7.9-point ROIC advantage.

What keeps the gap from being one-sided

IMCD N.V. still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

The lead is built on both profitability and valuation, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the IMCD.AS vs JMAT.L comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar profitability-and-valuation comparisons

Explore how IMCD.AS and JMAT.L each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.