Mistras Research Development vs Selling General Administrative Analysis

MG Stock  USD 8.79  0.29  3.41%   
Mistras financial indicator trend analysis is infinitely more than just investigating Mistras Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mistras Group is a good investment. Please check the relationship between Mistras Research Development and its Selling General Administrative accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mistras Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

Research Development vs Selling General Administrative

Research Development vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mistras Group Research Development account and Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between Mistras' Research Development and Selling General Administrative is 0.61. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Mistras Group, assuming nothing else is changed. The correlation between historical values of Mistras' Research Development and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Mistras Group are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Research Development i.e., Mistras' Research Development and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.61
Relationship DirectionPositive 
Relationship StrengthSignificant

Research Development

Selling General Administrative

Most indicators from Mistras' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mistras Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mistras Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
At this time, Mistras' Enterprise Value Over EBITDA is most likely to slightly decrease in the upcoming years. The Mistras' current Enterprise Value Multiple is estimated to increase to 11.30, while Selling General Administrative is projected to decrease to roughly 121.2 M.
 2021 2022 2023 2024 (projected)
Interest Expense10.9M10.5M16.8M17.6M
Depreciation And Amortization15.1M9.7M39.3M41.2M

Mistras fundamental ratios Correlations

0.90.950.90.770.520.880.890.440.780.750.990.340.320.890.750.820.990.650.710.850.520.870.760.910.34
0.90.860.810.440.280.811.00.170.720.730.930.310.490.980.730.560.920.410.450.980.670.730.710.990.44
0.950.860.970.70.320.880.840.270.780.810.940.390.520.840.810.760.930.680.760.810.540.860.830.880.49
0.90.810.970.660.270.920.80.190.830.730.870.280.580.750.730.760.860.730.810.740.580.830.810.830.57
0.770.440.70.660.750.70.410.70.580.520.690.11-0.080.440.520.930.720.820.830.340.110.790.520.430.06
0.520.280.320.270.750.370.270.730.190.30.480.04-0.370.290.30.60.520.490.440.21-0.10.470.150.24-0.32
0.880.810.880.920.70.370.80.230.890.650.840.010.460.740.650.820.830.770.780.70.650.860.730.780.49
0.891.00.840.80.410.270.80.160.730.680.920.30.480.970.680.550.910.390.430.980.690.70.70.980.44
0.440.170.270.190.70.730.230.160.140.180.380.13-0.650.20.180.630.450.220.240.14-0.330.390.30.17-0.48
0.780.720.780.830.580.190.890.730.140.480.760.110.440.690.480.730.720.680.710.660.720.710.560.730.45
0.750.730.810.730.520.30.650.680.180.480.730.290.50.741.00.550.750.490.530.670.240.840.610.720.38
0.990.930.940.870.690.480.840.920.380.760.730.40.360.930.730.730.990.580.640.910.560.830.740.940.35
0.340.310.390.280.110.040.010.30.130.110.290.40.090.370.29-0.020.360.010.020.410.030.170.210.41-0.17
0.320.490.520.58-0.08-0.370.460.48-0.650.440.50.360.090.430.50.050.30.280.360.480.630.320.40.520.83
0.890.980.840.750.440.290.740.970.20.690.740.930.370.430.740.540.920.370.410.980.630.720.660.970.37
0.750.730.810.730.520.30.650.680.180.481.00.730.290.50.740.550.750.490.530.670.240.840.610.720.38
0.820.560.760.760.930.60.820.550.630.730.550.73-0.020.050.540.550.770.80.850.450.290.810.660.550.23
0.990.920.930.860.720.520.830.910.450.720.750.990.360.30.920.750.770.570.630.890.50.830.740.930.33
0.650.410.680.730.820.490.770.390.220.680.490.580.010.280.370.490.80.570.950.260.390.720.430.380.38
0.710.450.760.810.830.440.780.430.240.710.530.640.020.360.410.530.850.630.950.330.430.710.550.450.48
0.850.980.810.740.340.210.70.980.140.660.670.910.410.480.980.670.450.890.260.330.650.640.670.990.39
0.520.670.540.580.11-0.10.650.69-0.330.720.240.560.030.630.630.240.290.50.390.430.650.290.370.660.64
0.870.730.860.830.790.470.860.70.390.710.840.830.170.320.720.840.810.830.720.710.640.290.680.720.28
0.760.710.830.810.520.150.730.70.30.560.610.740.210.40.660.610.660.740.430.550.670.370.680.730.4
0.910.990.880.830.430.240.780.980.170.730.720.940.410.520.970.720.550.930.380.450.990.660.720.730.44
0.340.440.490.570.06-0.320.490.44-0.480.450.380.35-0.170.830.370.380.230.330.380.480.390.640.280.40.44
Click cells to compare fundamentals

Mistras Account Relationship Matchups

Mistras fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets719.9M583.3M562.2M534.9M534.8M464.9M
Short Long Term Debt Total271.9M235.1M216.1M205.5M245.7M152.0M
Other Current Liab77.6M74.6M78.4M72.0M67.6M56.0M
Total Current Liabilities109.2M109.8M121.4M103.7M116.5M88.6M
Total Stockholder Equity285.8M197.0M200.7M198.5M190.2M202.9M
Other Liab26.7M17.9M8.4M10.5M12.1M15.5M
Property Plant And Equipment Net98.6M92.7M86.6M77.6M118.5M80.6M
Net Debt256.9M209.3M192.0M185.0M228.1M134.7M
Retained Earnings77.6M(21.8M)(18.0M)(11.5M)(28.9M)(27.5M)
Accounts Payable15.0M14.2M12.9M12.5M17.0M11.4M
Cash15.0M25.8M24.1M20.5M17.6M17.2M
Non Current Assets Total540.7M420.7M400.9M367.0M354.4M318.5M
Non Currrent Assets Other48.4M51.3M47.3M40.0M(41.7M)(39.6M)
Other Assets4.4M53.4M49.5M40.8M46.9M49.3M
Long Term Debt248.1M209.5M182.4M183.8M181.5M130.2M
Cash And Short Term Investments15.0M25.8M24.1M20.5M17.6M17.2M
Net Receivables136.0M107.6M109.5M123.7M132.8M115.0M
Good Will282.4M206.0M205.4M199.6M187.4M159.3M
Common Stock Total Equity289K292K295K298K342.7K274.7K
Common Stock Shares Outstanding29.0M29.1M30.1M30.2M30.3M29.9M
Liabilities And Stockholders Equity719.9M583.3M562.2M534.9M534.8M464.9M
Non Current Liabilities Total324.6M276.2M239.9M232.4M227.8M182.8M
Inventory13.4M13.1M12.7M13.6M15.3M12.8M
Other Current Assets14.7M16.1M15.0M10.2M14.6M11.9M
Other Stockholder Equity229.2M234.6M238.7M243.0M247.2M153.1M
Total Liab433.9M386.1M361.3M336.2M344.3M261.8M
Property Plant And Equipment Gross98.6M92.7M294.3M296.7M319.8M335.7M
Total Current Assets179.2M162.6M161.3M167.9M180.4M158.6M
Accumulated Other Comprehensive Income(21.3M)(16.1M)(20.3M)(33.4M)(28.3M)(26.9M)
Short Term Debt10.7M14.4M23.9M11.6M24.7M16.5M
Intangible Assets109.5M68.6M59.4M49.0M44.0M53.6M
Common Stock289K292K295K298K305K278.2K
Property Plant Equipment98.6M139.4M86.6M77.6M89.2M80.7M
Net Tangible Assets(106.1M)(77.6M)(64.1M)198.5M178.6M187.5M
Current Deferred Revenue5.9M6.5M6.2M7.5M7.1M5.5M
Noncontrolling Interest In Consolidated Entity200K198K229K299K343.9K234.5K
Retained Earnings Total Equity77.6M(21.8M)(18.0M)(11.5M)(10.3M)(9.8M)
Long Term Debt Total248.1M209.5M192.2M193.9M223.0M164.0M
Capital Surpluse229.2M234.6M238.7M243.0M279.5M240.1M
Capital Lease Obligations27.3M25.2M23.6M14.2M27.1M17.9M

Currently Active Assets on Macroaxis

When determining whether Mistras Group is a strong investment it is important to analyze Mistras' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mistras' future performance. For an informed investment choice regarding Mistras Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mistras Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the Mistras Group information on this page should be used as a complementary analysis to other Mistras' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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Is Mistras' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mistras. If investors know Mistras will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mistras listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.93)
Earnings Share
(0.39)
Revenue Per Share
23.673
Quarterly Revenue Growth
0.098
Return On Assets
0.0374
The market value of Mistras Group is measured differently than its book value, which is the value of Mistras that is recorded on the company's balance sheet. Investors also form their own opinion of Mistras' value that differs from its market value or its book value, called intrinsic value, which is Mistras' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mistras' market value can be influenced by many factors that don't directly affect Mistras' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mistras' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mistras is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mistras' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.