(MG) Mistras - Overview
Sector: Industrials | Industry: Security & Protection Services | Exchange: NYSE (USA) | Market Cap: 548m USD | Total Return: 133.5% in 12m
Avg Turnover: 3.14M
EPS Trend: 93.2%
Qual. Beats: 0
Rev. Trend: 47.0%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
Leader
Mistras Group, Inc. (MG) is a global provider of technology-enabled asset integrity solutions, specializing in non-destructive testing (NDT) and structural monitoring. The company operates across diverse sectors including renewable energy, data centers, and oil and gas, offering a suite of services that encompasses pipeline inspections, maintenance planning, and specialized engineering consulting.
The business model relies on a combination of field services, such as rope access and subsea diving, and proprietary monitoring hardware and software. By integrating data analytics with mechanical services like corrosion mitigation and welding, Mistras supports the entire lifecycle of industrial infrastructure.
The NDT sector is characterized by high barriers to entry due to stringent safety regulations and the specialized certifications required for technicians. Mistras leverages advanced technologies, including unmanned aerial and subsea systems, to perform inspections in high-risk or inaccessible environments without halting client operations.
For a more comprehensive look at the companys fundamentals, consider reviewing the detailed metrics available on ValueRay.
Founded in 1978 and headquartered in Princeton Junction, New Jersey, the company maintains a global footprint with operations spanning North America, Europe, Africa, and Asia. Its service portfolio is designed to detect and prevent structural degradation, ensuring compliance with environmental and safety standards for critical infrastructure.
- Shift toward higher-margin data services and monitoring software improves operating leverage
- Energy sector capital expenditure cycles dictate demand for industrial asset inspection services
- Labor cost inflation and technician availability impact project execution and gross margins
- Expansion into data center and renewable energy markets diversifies legacy oil revenue
- Stringent environmental and safety regulations drive mandatory recurring testing and compliance volume
| Net Income: 22.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -5.84 > 1.0 |
| NWC/Revenue: 12.86% < 20% (prev 8.27%; Δ 4.59% < -1%) |
| CFO/TA 0.05 > 3% & CFO 30.1m > Net Income 22.4m |
| Net Debt (227.1m) to EBITDA (86.2m): 2.63 < 3 |
| Current Ratio: 1.81 > 1.5 & < 3 |
| Outstanding Shares: last quarter (32.7m) vs 12m ago 5.02% < -2% |
| Gross Margin: 27.13% > 18% (prev 0.28%; Δ 2.69k% > 0.5%) |
| Asset Turnover: 133.1% > 50% (prev 134.2%; Δ -1.12% > 0%) |
| Interest Coverage Ratio: 3.80 > 6 (EBITDA TTM 86.2m / Interest Expense TTM 14.2m) |
| A: 0.16 (Total Current Assets 210.9m - Total Current Liabilities 116.8m) / Total Assets 572.7m |
| B: 0.02 (Retained Earnings 9.24m / Total Assets 572.7m) |
| C: 0.10 (EBIT TTM 53.9m / Avg Total Assets 549.7m) |
| D: -0.07 (Book Value of Equity -23.1m / Total Liabilities 339.1m) |
| Altman-Z'' = 1.72 = BBB |
| DSRI: 1.14 (Receivables 151.4m/128.2m, Revenue 731.4m/706.8m) |
| GMI: 1.03 (GM 27.13% / 28.03%) |
| AQI: 0.91 (AQ_t 0.47 / AQ_t-1 0.51) |
| SGI: 1.03 (Revenue 731.4m / 706.8m) |
| TATA: -0.01 (NI 22.4m - CFO 30.1m) / TA 572.7m) |
| Beneish M = -2.92 (Cap -4..+1) = A |
As of May 24, 2026, the stock is trading at USD 17.20 with a total of 121,323 shares traded.
Over the past week, the price has changed by +1.65%,
over one month by -6.80%,
over three months by +17.31% and
over the past year by +133.51%.
Mistras has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy MG.
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 21 | 22.1% |
P/E Forward = 16.4204
P/S = 0.7486
P/B = 2.3191
P/EG = 1.0266
Revenue TTM = 731.4m USD
EBIT TTM = 53.9m USD
EBITDA TTM = 86.2m USD
Long Term Debt = 168.5m USD (from longTermDebt, last quarter)
Short Term Debt = 30.7m USD (from shortTermDebt, last quarter)
Debt = 252.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 35.3m
Net Debt = 227.1m USD (calculated: Debt 252.1m - CCE 25.0m)
Enterprise Value = 774.6m USD (547.6m + Debt 252.1m - CCE 25.0m)
Interest Coverage Ratio = 3.80 (Ebit TTM 53.9m / Interest Expense TTM 14.2m)
EV/FCF = 255.4x (Enterprise Value 774.6m / FCF TTM 3.03m)
FCF Yield = 0.39% (FCF TTM 3.03m / Enterprise Value 774.6m)
FCF Margin = 0.41% (FCF TTM 3.03m / Revenue TTM 731.4m)
Net Margin = 3.06% (Net Income TTM 22.4m / Revenue TTM 731.4m)
Gross Margin = 27.13% ((Revenue TTM 731.4m - Cost of Revenue TTM 533.0m) / Revenue TTM)
Gross Margin QoQ = 25.06% (prev 26.91%)
Tobins Q-Ratio = 1.35 (Enterprise Value 774.6m / Total Assets 572.7m)
Interest Expense / Debt = 5.63% (Interest Expense 14.2m / Debt 252.1m)
Taxrate = 13.82% (378k / 2.73m)
NOPAT = 46.4m (EBIT 53.9m * (1 - 13.82%))
Current Ratio = 1.81 (Total Current Assets 210.9m / Total Current Liabilities 116.8m)
Debt / Equity = 1.08 (Debt 252.1m / totalStockholderEquity, last quarter 233.2m)
Debt / EBITDA = 2.63 (Net Debt 227.1m / EBITDA 86.2m)
Debt / FCF = 74.86 (Net Debt 227.1m / FCF TTM 3.03m)
Total Stockholder Equity = 228.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.08% (Net Income 22.4m / Total Assets 572.7m)
RoE = 9.83% (Net Income TTM 22.4m / Total Stockholder Equity 228.0m)
RoCE = 13.59% (EBIT 53.9m / Capital Employed (Equity 228.0m + L.T.Debt 168.5m))
RoIC = 9.55% (NOPAT 46.4m / Invested Capital 486.5m)
WACC = 6.60% (E(547.6m)/V(799.6m) * Re(7.41%) + D(252.1m)/V(799.6m) * Rd(5.63%) * (1-Tc(0.14)))
Discount Rate = 7.41% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 76.41 | Cagr: 3.12%
[DCF] Terminal Value 73.10% ; FCFF base≈15.2m ; Y1≈13.4m ; Y5≈10.8m
[DCF] Fair Price = N/A (negative equity: EV 173.3m - Net Debt 227.1m = -53.7m; debt exceeds intrinsic value)
EPS Correlation: 93.15 | EPS CAGR: 87.42% | SUE: -0.21 | # QB: 0
Revenue Correlation: 47.03 | Revenue CAGR: 1.22% | SUE: 0.57 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.25 | Chg30d=-24.24% | Revisions=-20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.43 | Chg30d=+16.22% | Revisions=+20% | Analysts=2
EPS current Year (2026-12-31): EPS=1.04 | Chg30d=+2.45% | Revisions=+20% | GrowthEPS=+18.8% | GrowthRev=+3.3%
EPS next Year (2027-12-31): EPS=1.25 | Chg30d=+2.05% | Revisions=+20% | GrowthEPS=+19.1% | GrowthRev=+5.4%
[Analyst] Revisions Ratio: -20%