A Business at a Glance
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Mistras Group, Inc.
MG
$491M
Mkt Cap
$15.46
-1.34%
Mistras Group, Inc. (MG) has a current P/E ratio of 26.8, compared to its historical median P/E of 44.6. The stock is currently considered Fair based on its historical valuation range.
Mistras Group, Inc. (MG) has a 5-year average return on invested capital (ROIC) of 4.4%. This is below average and may indicate limited pricing power.
Mistras Group, Inc. (MG) has a market capitalization of $492M. It is classified as a small-cap stock.
Mistras Group, Inc. (MG) does not currently pay a regular dividend.
Based on historical P/E analysis, Mistras Group, Inc. (MG) appears fair. The current P/E of 26.8 is 40% below its historical median of 44.6. The estimated fair value CAGR (P/E method) is 12.3%.
Mistras Group, Inc. (MG) operates in the Services-Engineering Services industry, within the Industrials sector.
Mistras Group, Inc. (MG) reported annual revenue of $724 million in its most recent fiscal year, based on SEC EDGAR filings.
FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K (this "Annual Report") contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), regarding Mistras Group, Inc. ("Mistras," "MISTRAS," "the Company," "us," "we," "our" and similar expressions) and our business, financial condition, results of operations and prospects. Such forward-looking statements include those that express plans, anticipation, intent, contingency, goals, targets or future development and/or otherwise are not statements of historical fact. These forward-looking statements are based on our current expectations and projections about future events and they are subject to risks and uncertainties known and unknown that could cause actual results and developments to differ materially from those expressed or implied in such statements.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 731M | 724M | 730M | 705M | 687M | 677M |
| Net Income | 22M | 17M | 19M | -17M | 6.5M | 3.9M |
| EPS | $0.71 | $0.53 | $0.60 | $-0.58 | $0.21 | $0.13 |
| Free Cash Flow | 4.1M | 8.3M | 32M | 5.9M | 14M | 24M |
| ROIC | 9.0% | 7.9% | 8.3% | -0.5% | 3.6% | 2.7% |
| Gross Margin | 28.5% | 28.2% | 26.3% | 26.1% | 28.8% | 29.1% |
| Debt/Equity | 0.78 | 0.93 | 1.06 | 1.21 | 1.16 | 1.23 |
| Dividends/Share | $0.00 | $0.00 | - | - | - | - |
| Operating Income | 46M | 41M | 40M | -1.9M | 20M | 18M |
| Operating Margin | 6.3% | 5.6% | 5.5% | -0.3% | 2.9% | 2.7% |
| ROE | 9.6% | 7.8% | 9.8% | -9.0% | 3.3% | 1.9% |
| Shares Outstanding | 32M | 32M | 32M | 30M | 31M | 30M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 583M | 711M | 685M | 701M | 742M | 749M | 593M | 677M | 687M | 705M | 730M | 724M | 731M |
| Gross Margin | 29.7% | 26.0% | 28.4% | 26.8% | 28.0% | 29.0% | 30.1% | 29.1% | 28.8% | 26.1% | 26.3% | 28.2% | 28.5% |
| R&D | 3.0M | 2.5M | 2.7M | 2.3M | 3.3M | 3.0M | 2.9M | 2.5M | 2.0M | 1.7M | 1.1M | 1.0M | 950K |
| SG&A | 124M | 144M | 149M | 152M | 166M | 169M | 157M | 161M | 166M | 147M | 135M | 140M | 141M |
| EBIT | 38M | 30M | 26M | 4.2M | 22M | 24M | -101M | 18M | 20M | -1.9M | 40M | 41M | 46M |
| Op. Margin | 6.6% | 4.3% | 3.7% | 0.6% | 3.0% | 3.2% | -17.1% | 2.7% | 2.9% | -0.3% | 5.5% | 5.6% | 6.3% |
| Net Income | 23M | 16M | 14M | -2.2M | 6.8M | 6.1M | -99M | 3.9M | 6.5M | -17M | 19M | 17M | 22M |
| Net Margin | 3.9% | 2.3% | 2.1% | -0.3% | 0.9% | 0.8% | -16.8% | 0.6% | 0.9% | -2.5% | 2.6% | 2.3% | 3.1% |
| Non-Recurring | 0 | 0 | 0 | 13M | 0 | 0 | 77M | 0 | 195K | 26M | 5.5M | 13M | 10M |
| Returns on Capital | |||||||||||||
| ROIC | 8.2% | 6.0% | 4.9% | 1.1% | 2.8% | 2.6% | -21.2% | 2.7% | 3.6% | -0.5% | 8.3% | 7.9% | 9.0% |
| ROE | 10.0% | 6.6% | 5.6% | -0.8% | 2.5% | 2.2% | -41.2% | 1.9% | 3.3% | -9.0% | 9.8% | 7.8% | 9.6% |
| ROA | 5.5% | 3.5% | 3.1% | -0.4% | 1.1% | 0.9% | -15.3% | 0.7% | 1.2% | -3.3% | 3.6% | 3.1% | 3.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 37M | 50M | 68M | 56M | 42M | 59M | 68M | 42M | 26M | 27M | 50M | 33M | 30M |
| Free Cash Flow | 20M | 35M | 53M | 36M | 21M | 37M | 52M | 24M | 14M | 5.9M | 32M | 8.3M | 4.1M |
| Owner Earnings | 2.2M | 10.0M | 30M | 18M | 1.1M | 15M | 26M | 1.9M | -12M | -13M | 12M | -5.8M | -7.8M |
| CapEx | 17M | 15M | 15M | 19M | 21M | 22M | 15M | 18M | 13M | 21M | 18M | 25M | 26M |
| Maint. CapEx | 28M | 33M | 32M | 31M | 34M | 39M | 36M | 35M | 33M | 34M | 33M | 31M | 31M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 28M | 33M | 32M | 31M | 34M | 39M | 36M | 35M | 33M | 34M | 33M | 31M | 31M |
| CapEx/OCF | 45.8% | 30.3% | 21.8% | 34.6% | 49.4% | 37.3% | 22.7% | 43.0% | 47.7% | 78.0% | 35.7% | N/A | 86.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 2.5% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 6.3M | 6.6M | 5.8M | 6.6M | 6.1M | 5.8M | 5.9M | 5.4M | 5.3M | 5.7M | 5.1M | 7.8M | 6.8M |
| Debt Repayment | 8.8M | 11M | 18M | 2.1M | 2.7M | 6.9M | 6.0M | 16M | 81M | 7.6M | 9.1M | 12M | 12M |
| Balance Sheet | |||||||||||||
| Net Debt | 67M | 103M | 68M | 139M | 265M | 287M | 242M | 223M | 209M | 212M | 193M | 190M | 156M |
| Cash & Equiv. | 10M | 11M | 19M | 28M | 26M | 15M | 26M | 24M | 20M | 18M | 18M | 28M | 25M |
| Long-Term Debt | 69M | 96M | 86M | 165M | 284M | 248M | 210M | 182M | 184M | 181M | 158M | 165M | 168M |
| Debt/Equity | 0.32 | 0.46 | 0.32 | 0.62 | 1.07 | 1.06 | 1.36 | 1.23 | 1.16 | 1.21 | 1.06 | 0.93 | 0.78 |
| Interest Coverage | 12.0 | 6.6 | 8.3 | 0.9 | 2.8 | 1.8 | -7.8 | 1.7 | 1.9 | -0.1 | 2.3 | 2.8 | 13.7 |
| Equity | 242M | 245M | 271M | 271M | 271M | 286M | 197M | 201M | 198M | 190M | 199M | 235M | 233M |
| Total Assets | 444M | 472M | 469M | 554M | 694M | 720M | 583M | 562M | 535M | 535M | 523M | 579M | 573M |
| Total Liabilities | 202M | 227M | 199M | 284M | 423M | 434M | 386M | 361M | 336M | 344M | 324M | 343M | 339M |
| Intangibles | 58M | 51M | 40M | 64M | 111M | 110M | 69M | 59M | 49M | 44M | 40M | 38M | 38M |
| Retained Earnings | 42M | 58M | 92M | 65M | 72M | 78M | -22M | -18M | -11M | -29M | -10.0M | 6.9M | 9.2M |
| Working Capital | 88M | 78M | 105M | 105M | 102M | 70M | 53M | 40M | 64M | 64M | 58M | 92M | 94M |
| Current Assets | 175M | 171M | 183M | 195M | 203M | 179M | 163M | 161M | 168M | 180M | 172M | 216M | 211M |
| Current Liabilities | 87M | 94M | 78M | 90M | 100M | 109M | 110M | 121M | 104M | 117M | 115M | 124M | 117M |
| Per Share Data | |||||||||||||
| EPS | 0.77 | 0.54 | 0.48 | -0.08 | 0.23 | 0.21 | -3.41 | 0.13 | 0.21 | -0.58 | 0.60 | 0.53 | 0.71 |
| Owner EPS | 0.07 | 0.33 | 0.99 | 0.66 | 0.04 | 0.51 | 0.90 | 0.06 | -0.39 | -0.43 | 0.38 | -0.18 | -0.25 |
| Book Value | 8.28 | 8.22 | 9.01 | 9.95 | 9.11 | 9.90 | 6.75 | 6.76 | 6.41 | 6.32 | 6.28 | 7.40 | 7.33 |
| Cash Flow/Share | 1.26 | 1.67 | 2.27 | 2.05 | 1.40 | 2.05 | 2.32 | 1.42 | 0.85 | 0.89 | 1.59 | 1.04 | 1.69 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 |
| Shares Out. | 29.2M | 29.8M | 30.0M | 27.2M | 29.7M | 28.9M | 29.2M | 29.7M | 30.9M | 30.1M | 31.6M | 31.8M | 31.8M |
| Valuation | |||||||||||||
| P/E Ratio | 23.1 | 34.7 | 31.5 | N/A | 63.3 | 66.0 | N/A | 57.7 | 22.8 | N/A | 14.7 | N/A | 21.8 |
| P/FCF | 26.5 | 16.5 | 14.6 | 17.2 | 20.5 | 10.8 | 4.2 | 9.2 | 10.8 | 37.7 | 8.8 | N/A | 121.2 |
| EV/EBIT | 15.3 | 21.8 | 19.6 | 184.1 | 31.4 | 26.5 | N/A | 22.1 | 16.1 | N/A | 10.8 | N/A | 14.0 |
| Price/Book | 2.2 | 2.3 | 2.9 | 2.3 | 1.6 | 1.4 | 1.1 | 1.1 | 0.7 | 1.2 | 1.4 | N/A | 2.1 |
| Price/Sales | 1.0 | 0.7 | 1.0 | 0.8 | 0.8 | 0.6 | 0.3 | 0.4 | 0.3 | 0.3 | 0.4 | N/A | 0.7 |
| FCF Yield | 3.8% | 6.2% | 6.9% | 5.8% | 4.9% | 9.3% | 23.6% | 10.8% | 9.3% | 2.6% | 11.6% | N/A | 0.8% |
| Market Cap | 521M | 557M | 777M | 626M | 432M | 400M | 222M | 223M | 148M | 229M | 278M | 0 | 492M |
| Avg. Price | 21.25 | 18.30 | 23.41 | 21.59 | 19.87 | 14.55 | 5.65 | 9.57 | 5.76 | 6.31 | 9.31 | 0.00 | 15.46 |
| Year-End Price | 18.15 | 19.25 | 25.84 | 23.04 | 14.55 | 13.86 | 7.60 | 7.50 | 4.83 | 7.38 | 8.95 | 0.00 | 15.46 |
Mistras Group, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
Mistras Group, Inc. trades at 26.8x trailing earnings, compared to its 15-year median P/E of 44.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 111.4x vs a median of 10.8x. The company's 5-year average ROIC is 4.4% with a gross margin of 27.7%. At current prices, the estimated annualized return to fair value is -21.8%.
Mistras Group, Inc. (MG) has a net profit margin of 2.3%. This is a modest margin.
Mistras Group, Inc. (MG) generated $8 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Mistras Group, Inc. (MG) has a debt-to-equity ratio of 0.93. This indicates moderate leverage.
Mistras Group, Inc. (MG) reported earnings per share (EPS) of $0.53 in its most recent fiscal year.
Mistras Group, Inc. (MG) has a return on equity (ROE) of 7.8%. This indicates moderate shareholder returns.
Mistras Group, Inc. (MG) has a 5-year average gross margin of 27.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for Mistras Group, Inc. (MG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Mistras Group, Inc. (MG) has a book value per share of $7.40, based on its most recent annual SEC filing.