Mistras Retained Earnings vs Good Will Analysis

MG Stock

USD 9.15 0.18 1.93%

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 Retained Earnings and its Good Will 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.

Retained Earnings vs Good Will

Retained Earnings vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mistras Group Retained Earnings account and Good Will. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Mistras' Retained Earnings and Good Will is 0.45. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Good Will in the same time period over historical financial statements of Mistras Group, assuming nothing else is changed. The correlation between historical values of Mistras' Retained Earnings and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Mistras Group are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Retained Earnings i.e., Mistras' Retained Earnings and Good Will go up and down completely randomly.

Correlation Coefficient

0.45

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

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 Expense	10.9M	10.5M	16.8M	17.6M
Depreciation And Amortization	15.1M	9.7M	39.3M	41.2M

Interest Expense Depreciation And Amortization

Mistras fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Total Assets		0.9	0.95	0.9	0.77	0.52	0.88	0.89	0.44	0.78	0.75	0.99	0.34	0.32	0.89	0.75	0.82	0.99	0.65	0.71	0.85	0.52	0.87	0.76	0.91	0.34
Short Long Term Debt Total	0.9		0.86	0.81	0.44	0.28	0.81	1.0	0.17	0.72	0.73	0.93	0.31	0.49	0.98	0.73	0.56	0.92	0.41	0.45	0.98	0.67	0.73	0.71	0.99	0.44
Other Current Liab	0.95	0.86		0.97	0.7	0.32	0.88	0.84	0.27	0.78	0.81	0.94	0.39	0.52	0.84	0.81	0.76	0.93	0.68	0.76	0.81	0.54	0.86	0.83	0.88	0.49
Total Current Liabilities	0.9	0.81	0.97		0.66	0.27	0.92	0.8	0.19	0.83	0.73	0.87	0.28	0.58	0.75	0.73	0.76	0.86	0.73	0.81	0.74	0.58	0.83	0.81	0.83	0.57
Total Stockholder Equity	0.77	0.44	0.7	0.66		0.75	0.7	0.41	0.7	0.58	0.52	0.69	0.11	-0.08	0.44	0.52	0.93	0.72	0.82	0.83	0.34	0.11	0.79	0.52	0.43	0.06
Other Liab	0.52	0.28	0.32	0.27	0.75		0.37	0.27	0.73	0.19	0.3	0.48	0.04	-0.37	0.29	0.3	0.6	0.52	0.49	0.44	0.21	-0.1	0.47	0.15	0.24	-0.32
Property Plant And Equipment Net	0.88	0.81	0.88	0.92	0.7	0.37		0.8	0.23	0.89	0.65	0.84	0.01	0.46	0.74	0.65	0.82	0.83	0.77	0.78	0.7	0.65	0.86	0.73	0.78	0.49
Net Debt	0.89	1.0	0.84	0.8	0.41	0.27	0.8		0.16	0.73	0.68	0.92	0.3	0.48	0.97	0.68	0.55	0.91	0.39	0.43	0.98	0.69	0.7	0.7	0.98	0.44
Retained Earnings	0.44	0.17	0.27	0.19	0.7	0.73	0.23	0.16		0.14	0.18	0.38	0.13	-0.65	0.2	0.18	0.63	0.45	0.22	0.24	0.14	-0.33	0.39	0.3	0.17	-0.48
Accounts Payable	0.78	0.72	0.78	0.83	0.58	0.19	0.89	0.73	0.14		0.48	0.76	0.11	0.44	0.69	0.48	0.73	0.72	0.68	0.71	0.66	0.72	0.71	0.56	0.73	0.45
Cash	0.75	0.73	0.81	0.73	0.52	0.3	0.65	0.68	0.18	0.48		0.73	0.29	0.5	0.74	1.0	0.55	0.75	0.49	0.53	0.67	0.24	0.84	0.61	0.72	0.38
Non Current Assets Total	0.99	0.93	0.94	0.87	0.69	0.48	0.84	0.92	0.38	0.76	0.73		0.4	0.36	0.93	0.73	0.73	0.99	0.58	0.64	0.91	0.56	0.83	0.74	0.94	0.35
Non Currrent Assets Other	0.34	0.31	0.39	0.28	0.11	0.04	0.01	0.3	0.13	0.11	0.29	0.4		0.09	0.37	0.29	-0.02	0.36	0.01	0.02	0.41	0.03	0.17	0.21	0.41	-0.17
Other Assets	0.32	0.49	0.52	0.58	-0.08	-0.37	0.46	0.48	-0.65	0.44	0.5	0.36	0.09		0.43	0.5	0.05	0.3	0.28	0.36	0.48	0.63	0.32	0.4	0.52	0.83
Long Term Debt	0.89	0.98	0.84	0.75	0.44	0.29	0.74	0.97	0.2	0.69	0.74	0.93	0.37	0.43		0.74	0.54	0.92	0.37	0.41	0.98	0.63	0.72	0.66	0.97	0.37
Cash And Short Term Investments	0.75	0.73	0.81	0.73	0.52	0.3	0.65	0.68	0.18	0.48	1.0	0.73	0.29	0.5	0.74		0.55	0.75	0.49	0.53	0.67	0.24	0.84	0.61	0.72	0.38
Net Receivables	0.82	0.56	0.76	0.76	0.93	0.6	0.82	0.55	0.63	0.73	0.55	0.73	-0.02	0.05	0.54	0.55		0.77	0.8	0.85	0.45	0.29	0.81	0.66	0.55	0.23
Good Will	0.99	0.92	0.93	0.86	0.72	0.52	0.83	0.91	0.45	0.72	0.75	0.99	0.36	0.3	0.92	0.75	0.77		0.57	0.63	0.89	0.5	0.83	0.74	0.93	0.33
Common Stock Total Equity	0.65	0.41	0.68	0.73	0.82	0.49	0.77	0.39	0.22	0.68	0.49	0.58	0.01	0.28	0.37	0.49	0.8	0.57		0.95	0.26	0.39	0.72	0.43	0.38	0.38
Common Stock Shares Outstanding	0.71	0.45	0.76	0.81	0.83	0.44	0.78	0.43	0.24	0.71	0.53	0.64	0.02	0.36	0.41	0.53	0.85	0.63	0.95		0.33	0.43	0.71	0.55	0.45	0.48
Non Current Liabilities Total	0.85	0.98	0.81	0.74	0.34	0.21	0.7	0.98	0.14	0.66	0.67	0.91	0.41	0.48	0.98	0.67	0.45	0.89	0.26	0.33		0.65	0.64	0.67	0.99	0.39
Inventory	0.52	0.67	0.54	0.58	0.11	-0.1	0.65	0.69	-0.33	0.72	0.24	0.56	0.03	0.63	0.63	0.24	0.29	0.5	0.39	0.43	0.65		0.29	0.37	0.66	0.64
Other Current Assets	0.87	0.73	0.86	0.83	0.79	0.47	0.86	0.7	0.39	0.71	0.84	0.83	0.17	0.32	0.72	0.84	0.81	0.83	0.72	0.71	0.64	0.29		0.68	0.72	0.28
Other Stockholder Equity	0.76	0.71	0.83	0.81	0.52	0.15	0.73	0.7	0.3	0.56	0.61	0.74	0.21	0.4	0.66	0.61	0.66	0.74	0.43	0.55	0.67	0.37	0.68		0.73	0.4
Total Liab	0.91	0.99	0.88	0.83	0.43	0.24	0.78	0.98	0.17	0.73	0.72	0.94	0.41	0.52	0.97	0.72	0.55	0.93	0.38	0.45	0.99	0.66	0.72	0.73		0.44
Property Plant And Equipment Gross	0.34	0.44	0.49	0.57	0.06	-0.32	0.49	0.44	-0.48	0.45	0.38	0.35	-0.17	0.83	0.37	0.38	0.23	0.33	0.38	0.48	0.39	0.64	0.28	0.4	0.44

Click cells to compare fundamentals

Mistras Account Relationship Matchups

Mistras fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	719.9M	583.3M	562.2M	534.9M	534.8M	464.9M
Short Long Term Debt Total	271.9M	235.1M	216.1M	205.5M	245.7M	152.0M
Other Current Liab	77.6M	74.6M	78.4M	72.0M	67.6M	56.0M
Total Current Liabilities	109.2M	109.8M	121.4M	103.7M	116.5M	88.6M
Total Stockholder Equity	285.8M	197.0M	200.7M	198.5M	190.2M	202.9M
Other Liab	26.7M	17.9M	8.4M	10.5M	12.1M	15.5M
Property Plant And Equipment Net	98.6M	92.7M	86.6M	77.6M	118.5M	80.6M
Net Debt	256.9M	209.3M	192.0M	185.0M	228.1M	134.7M
Retained Earnings	77.6M	(21.8M)	(18.0M)	(11.5M)	(28.9M)	(27.5M)
Accounts Payable	15.0M	14.2M	12.9M	12.5M	17.0M	11.4M
Cash	15.0M	25.8M	24.1M	20.5M	17.6M	17.2M
Non Current Assets Total	540.7M	420.7M	400.9M	367.0M	354.4M	318.5M
Non Currrent Assets Other	48.4M	51.3M	47.3M	40.0M	(41.7M)	(39.6M)
Other Assets	4.4M	53.4M	49.5M	40.8M	46.9M	49.3M
Long Term Debt	248.1M	209.5M	182.4M	183.8M	181.5M	130.2M
Cash And Short Term Investments	15.0M	25.8M	24.1M	20.5M	17.6M	17.2M
Net Receivables	136.0M	107.6M	109.5M	123.7M	132.8M	115.0M
Good Will	282.4M	206.0M	205.4M	199.6M	187.4M	159.3M
Common Stock Total Equity	289K	292K	295K	298K	342.7K	274.7K
Common Stock Shares Outstanding	29.0M	29.1M	30.1M	30.2M	30.3M	29.9M
Liabilities And Stockholders Equity	719.9M	583.3M	562.2M	534.9M	534.8M	464.9M
Non Current Liabilities Total	324.6M	276.2M	239.9M	232.4M	227.8M	182.8M
Inventory	13.4M	13.1M	12.7M	13.6M	15.3M	12.8M
Other Current Assets	14.7M	16.1M	15.0M	10.2M	14.6M	11.9M
Other Stockholder Equity	229.2M	234.6M	238.7M	243.0M	247.2M	153.1M
Total Liab	433.9M	386.1M	361.3M	336.2M	344.3M	261.8M
Property Plant And Equipment Gross	98.6M	92.7M	294.3M	296.7M	319.8M	335.7M
Total Current Assets	179.2M	162.6M	161.3M	167.9M	180.4M	158.6M
Accumulated Other Comprehensive Income	(21.3M)	(16.1M)	(20.3M)	(33.4M)	(28.3M)	(26.9M)
Short Term Debt	10.7M	14.4M	23.9M	11.6M	24.7M	16.5M
Intangible Assets	109.5M	68.6M	59.4M	49.0M	44.0M	53.6M
Common Stock	289K	292K	295K	298K	305K	278.2K
Property Plant Equipment	98.6M	139.4M	86.6M	77.6M	89.2M	80.7M
Net Tangible Assets	(106.1M)	(77.6M)	(64.1M)	198.5M	178.6M	187.5M
Current Deferred Revenue	5.9M	6.5M	6.2M	7.5M	7.1M	5.5M
Noncontrolling Interest In Consolidated Entity	200K	198K	229K	299K	343.9K	234.5K
Retained Earnings Total Equity	77.6M	(21.8M)	(18.0M)	(11.5M)	(10.3M)	(9.8M)
Long Term Debt Total	248.1M	209.5M	192.2M	193.9M	223.0M	164.0M
Capital Surpluse	229.2M	234.6M	238.7M	243.0M	279.5M	240.1M
Capital Lease Obligations	27.3M	25.2M	23.6M	14.2M	27.1M	17.9M

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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:

How To Invest In Mistras

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Is Mistras Stock a good investment?

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What is Mistras' Net Worth?

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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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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When running Mistras' price analysis, check to measure Mistras' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mistras is operating at the current time. Most of Mistras' value examination focuses on studying past and present price action to predict the probability of Mistras' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mistras' price. Additionally, you may evaluate how the addition of Mistras to your portfolios can decrease your overall portfolio volatility.

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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

(0.38)

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.

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Mistras Retained Earnings vs Good Will Analysis

Retained Earnings vs Good Will

Retained Earnings vs Good Will Correlation Analysis

Correlation Coefficient

Retained Earnings

Good Will

Mistras fundamental ratios Correlations

Mistras Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mistras fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Mistras Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Good Will	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Good Will	+ 0.99	Non Current Assets Total

Other Assets	- 0.65	Retained Earnings
Property Plant And Equipment Gross	- 0.48	Retained Earnings
Other Assets	- 0.37	Other Liab
Inventory	- 0.33	Retained Earnings
Property Plant And Equipment Gross	- 0.32	Other Liab
Property Plant And Equipment Gross	- 0.17	Non Currrent Assets Other