Education
About Us
Working with TipRanks
Follow Us
Mistras Group Inc (MG)
NYSE:MG
Top Page
Mistras Group
(NYSE:MG)
56Neutral
Mistras Group (MG) vs. S&P 500 (SPY)
Market Cap
$300.22M
Dividend YieldN/A
Average Volume (3M)159.87K
Price to Earnings (P/E)15.9
Beta (1Y)1.03
Revenue Growth-2.09%
EPS GrowthN/A
CountryUS
Employees4,800
SectorIndustrials
Sector Strength82
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)-0.01
Shares Outstanding31,305,841
10 Day Avg. Volume98,796
30 Day Avg. Volume159,871
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.67
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit2.35
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Mistras Group Business Overview & Revenue Model
Company DescriptionMistras Group, Inc. is a global leader in providing technology-enabled asset protection solutions used to evaluate the structural integrity of critical energy, industrial, and public infrastructure. The company operates in sectors such as oil and gas, aerospace, infrastructure, power generation, and manufacturing. Mistras Group's core products and services include non-destructive testing (NDT), mechanical integrity, and predictive maintenance services, along with proprietary software and equipment that help in monitoring and safeguarding valuable assets.
How the Company Makes MoneyMistras Group makes money through a diversified revenue model primarily driven by service contracts and equipment sales. Key revenue streams include fees for non-destructive testing services, which help clients maintain the safety and performance of their infrastructure, and sales of proprietary equipment and software that facilitate asset monitoring and data management. The company also establishes significant partnerships with industry leaders in energy and industrial sectors, which help in expanding its market reach and generating additional revenue. Mistras Group's focus on innovation and development of advanced technologies further enhances its ability to attract and retain clients in a competitive marketplace.
Mistras Group Financial Statement Overview
Summary
Mistras Group has shown substantial improvements in profitability and operational efficiency in the TTM period ending 2024, with notable progress in net income and EBIT margin. The balance sheet indicates better leverage management with a lower debt-to-equity ratio, but the equity ratio suggests some reliance on liabilities. Cash flow has improved, but historical volatility remains a concern. Overall, the company displays a positive financial trajectory with areas for caution.Income Statement
The company shows a strong recovery with a significant improvement in net income from a loss of $17.45 million in 2023 to a profit of $19.04 million in TTM 2024. Gross profit margin remains stable at around 28.5%, and net profit margin improved to 2.61% in TTM 2024. Revenue growth rate from 2023 to TTM 2024 is 3.43%, indicating moderate growth. However, EBIT margin improved to 5.76% in TTM 2024 from negative in 2023, showing operational efficiency improvements.―
Balance Sheet
The balance sheet reflects a manageable debt-to-equity ratio of 0.16 in TTM 2024, down from previous years, indicating reduced leverage. Return on equity improved significantly to 9.59% in TTM 2024, highlighting better profitability. However, the equity ratio of 37.95% suggests that a higher portion of assets is funded by liabilities, which could pose some financial risks.58
Cash Flow
Operating cash flow remains positive, albeit slightly reduced to $24.47 million in TTM 2024 from $26.75 million in 2023. Free cash flow has increased to $6.32 million in TTM 2024, showing an improvement in cash generation. The free cash flow to net income ratio is healthy, but the overall cash flow situation shows some volatility in recent years.―
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 729.64M | 705.47M | 687.37M | 677.13M | 592.57M | Gross Profit |
| 213.11M | 203.81M | 198.17M | 197.15M | 178.53M | EBIT |
| 39.83M | -1.90M | 19.80M | 18.17M | 5.18M | EBITDA |
| 50.71M | 32.20M | 53.09M | 53.09M | -65.51M | Net Income Common Stockholders |
| 18.96M | -17.45M | 6.50M | 3.86M | -99.47M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 18.32M | 17.65M | 20.49M | 24.11M | 25.76M | Total Assets |
| 523.04M | 534.78M | 534.90M | 562.20M | 583.31M | Total Debt |
| 32.07M | 245.72M | 205.50M | 216.08M | 235.10M | Net Debt |
| 13.75M | 228.08M | 185.01M | 191.97M | 209.34M | Total Liabilities |
| 324.14M | 344.27M | 336.15M | 361.28M | 386.09M | Stockholders Equity |
| 198.57M | 190.19M | 198.45M | 200.68M | 197.02M |
| Cash Flow | Free Cash Flow | |||
| 27.14M | 3.10M | 12.99M | 22.98M | 52.03M | Operating Cash Flow |
| 50.13M | 26.75M | 26.41M | 42.26M | 67.80M | Investing Cash Flow |
| -21.37M | -22.13M | -12.24M | -18.55M | -14.97M | Financing Cash Flow |
| -27.40M | -7.71M | -16.32M | -23.25M | -44.17M |
Mistras Group Technical Analysis
Negative
7.82
Price Trends
9.65
Negative
9.60
Negative
10.01
Negative
Market Momentum
-0.30
Positive
28.22
Positive
41.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MG, the sentiment is Negative. The current price of 7.82 is below the 20-day moving average (MA) of 9.14, below the 50-day MA of 9.65, and below the 200-day MA of 10.01, indicating a bearish trend. The MACD of -0.30 indicates Positive momentum. The RSI at 28.22 is Positive, neither overbought nor oversold. The STOCH value of 41.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MG.
Mistras Group Risk Analysis
Mistras Group disclosed 28 risk factors in its most recent earnings report. Mistras Group reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Mistras Group Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $881.43M | 20.07 | 27.48% | 1.81% | -1.05% | -2.78% | |
79 Outperform | $6.11B | 21.49 | 26.22% | 1.31% | 0.75% | 7.20% | |
75 Outperform | $2.59B | 24.74 | 2.58% | ― | 14.02% | -69.91% | |
72 Outperform | $3.96B | 25.06 | 55.57% | 1.04% | 2.82% | 95.64% | |
72 Outperform | $6.87B | 13.91 | 16.26% | 2.65% | -5.44% | -16.05% | |
64 Neutral | $4.30B | 11.84 | 5.23% | 249.82% | 4.06% | -10.21% | |
56 Neutral | $300.22M | 15.87 | 7.70% | ― | -2.09% | ― |
* Industrials Sector Average
Performance Comparison
MG
Mistras Group
7.82
-1.33
-14.54%
BCO
Brink's Company
92.56
-3.43
-3.57%
MSA
MSA Safety
157.56
-30.02
-16.00%
NSSC
Napco Security Technologies
26.37
-17.43
-39.79%
ADT
Adt
8.33
1.56
23.04%
REZI
Resideo Technologies
19.80
-1.83
-8.46%
Mistras Group Earnings Call Summary
Earnings Call Date:May 07, 2025
(Q1-2025)
| % Change Since: -17.16%|
Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook for Mistras Group, Inc., with significant revenue declines and market uncertainties overshadowing some positive achievements in cost management and specific segment growth. While the company is optimistic about future recovery in turnaround revenue and improving cash flow, the current challenges indicate a cautious approach is necessary.Q1-2025 Updates
Positive Updates
PCMS Offering Revenue Growth
The PCMS offering within the data solutions group achieved a 6% revenue growth compared to the prior year period, demonstrating strong performance in data analytics.
Improved Free Cash Flow
Free cash flow improved by over $5 million in the first quarter of 2025 compared to the prior year, indicating better cash management.
International Segment Growth
The international segment achieved nearly 4% organic growth in local currency, despite adverse FX translation, showcasing resilience outside the U.S. market.
Interest Expense Reduction
Interest expense decreased by $1.1 million or 25% from the prior year due to lower average debt balance and interest rates.
Focus on Cost Management
The company successfully calibrated costs and reduced SG&A expenses by $0.6 million or 1.7% from the prior year, maintaining a disciplined approach to cost management.
Anticipated Growth in Turnaround Revenue
The company expects to recover a gap in turnaround revenue and exceed 2024 levels by approximately $6.5 million in the oil and gas sector by the end of 2025.
Negative Updates
Significant Revenue Decline
Overall revenue declined by over 12% year-over-year, primarily due to a $16.6 million decrease in the oil and gas end market and a $1.7 million decline in aerospace and defense.
Market Uncertainty and Project Delays
Market uncertainties and customer budget reductions led to project pushouts and spending reductions, affecting revenue expectations.
GAAP Net Loss
The company reported a GAAP net loss of $3.2 million or $0.10 per share for the first quarter, indicating financial challenges.
Adverse FX Impact on International Revenue
International segment growth in local currency was offset by adverse FX translation, impacting overall revenue figures.
Supply Chain Disruptions
Supply chain disruptions and global market conditions caused delays and deferrals in the aerospace and defense market.
Company Guidance
During the Q1 2025 earnings call, Mistras Group highlighted several key metrics and strategic initiatives aimed at improving profitability despite experiencing a year-over-year revenue decline of over 12%. The company attributed the decrease to factors such as market uncertainty, with a $16.6 million decline in the oil and gas sector and a $1.7 million decrease in aerospace and defense. Mistras aims to offset these challenges by focusing on cost management, talent acquisition, and service delivery optimization. The company reported adjusted EBITDA of $12 million, the second highest in the past five years, despite project delays and market uncertainties. Mistras anticipates recovering a $6.5 million gap in turnaround revenues and expects to meet or exceed 2024's adjusted EBITDA levels for 2025. The company's data solutions segment, particularly PCMS, achieved a 6% revenue growth, showcasing its strategic focus on integrated solutions and data analytics.Mistras Group Corporate Events
Executive/Board ChangesBusiness Operations and Strategy
Mistras Group Announces Passing of Founder
Neutral
Feb 7, 2025
On February 6, 2025, MISTRAS Group announced the passing of its founder and Chairman Emeritus, Dr. Sotirios J. Vahaviolos. Dr. Vahaviolos was a visionary leader in non-destructive testing and acoustic emission, dedicating over four decades to building MISTRAS into a global leader in testing and asset protection solutions. The company honors his legacy and assures stakeholders of a seamless transition with no changes to its management or strategic direction.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.