Is Mirion Technologies Stock a Good Investment?
Mirion Technologies Investment Advice | MIR |
- Examine Mirion Technologies' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Mirion Technologies' leadership team and their track record. Good management can help Mirion Technologies navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Industrial Machinery & Supplies & Components space and any emerging trends that could impact Mirion Technologies' business and its evolving consumer preferences.
- Compare Mirion Technologies' performance and market position to its competitors. Analyze how Mirion Technologies is positioned in terms of product offerings, innovation, and market share.
- Check if Mirion Technologies pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Mirion Technologies' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Mirion Technologies stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Mirion Technologies is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Insignificant | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine Mirion Technologies Stock
Researching Mirion Technologies' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 90.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.63. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Mirion Technologies recorded a loss per share of 0.4. The entity had not issued any dividends in recent years.
To determine if Mirion Technologies is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Mirion Technologies' research are outlined below:
| The company reported the last year's revenue of 717.8 M. Reported Net Loss for the year was (276.9 M) with profit before taxes, overhead, and interest of 317.2 M. | |
| Over 90.0% of the company shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Acquisition by Bockhorst Kenneth of 2435 shares of Mirion Technologies subject to Rule 16b-3 |
Mirion Technologies Quarterly Long Term Debt |
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Mirion Technologies uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Mirion Technologies. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Mirion Technologies' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 13th of February 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Earnings surprises can significantly impact Mirion Technologies' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Mirion Technologies' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2023-05-03 | 2023-03-31 | 0.05 | 0.06 | 0.01 | 20 | ||
2022-05-04 | 2022-03-31 | 0.09 | 0.1 | 0.01 | 11 | ||
2023-08-02 | 2023-06-30 | 0.06 | 0.08 | 0.02 | 33 | ||
2022-11-01 | 2022-09-30 | 0.06 | 0.03 | -0.03 | 50 | ||
2022-02-23 | 2021-12-31 | 0.12 | -0.12 | -0.24 | 200 | ||
2021-11-10 | 2021-09-30 | 0.0347 | -7.01 | -7.0447 | 20301 |
Mirion Technologies Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Mirion target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Mirion Technologies' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 3 | Strong Buy |
Most Mirion analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Mirion stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Mirion Technologies, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationMirion Technologies Target Price Projection
Mirion Technologies' current and average target prices are 10.30 and 10.67, respectively. The current price of Mirion Technologies is the price at which Mirion Technologies is currently trading. On the other hand, Mirion Technologies' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Mirion Technologies Market Quote on 19th of May 2024
Target Price
Analyst Consensus On Mirion Technologies Target Price
Mirion Technologies Analyst Ratings
Mirion Technologies' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Mirion Technologies stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Mirion Technologies' financials, market performance, and future outlook by experienced professionals. Mirion Technologies' historical ratings below, therefore, can serve as a valuable tool for investors.Know Mirion Technologies' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Mirion Technologies is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Mirion Technologies backward and forwards among themselves. Mirion Technologies' institutional investor refers to the entity that pools money to purchase Mirion Technologies' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Arrowmark Colorado Holdings, Llc (arrowmark Partners) | 2023-12-31 | 3.6 M | Kohlberg Kravis Roberts & Co Lp | 2023-12-31 | 3.4 M | Corsair Capital Management Llc | 2023-12-31 | 2.3 M | Select Equity Group Lp | 2023-12-31 | 2.2 M | American Century Companies Inc | 2023-12-31 | 2 M | First Manhattan Co. Llc | 2023-12-31 | 1.8 M | Northern Trust Corp | 2023-12-31 | 1.7 M | Lord, Abbett & Co Llc | 2023-12-31 | 1.7 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.6 M | Goldman Sachs Group Inc | 2023-12-31 | 69.6 M | Vanguard Group Inc | 2023-12-31 | 21.1 M |
Mirion Technologies' market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 2.34 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Mirion Technologies's market, we take the total number of its shares issued and multiply it by Mirion Technologies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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Mirion Technologies' profitablity analysis
Mirion Technologies' profitability indicators refer to fundamental financial ratios that showcase Mirion Technologies' ability to generate income relative to its revenue or operating costs. If, let's say, Mirion Technologies is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Mirion Technologies' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Mirion Technologies' profitability requires more research than a typical breakdown of Mirion Technologies' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.12) | (0.13) | |
| Return On Capital Employed | (0.01) | (0.01) | |
| Return On Assets | (0.03) | (0.04) | |
| Return On Equity | (0.07) | (0.06) |
Determining Mirion Technologies' profitability involves analyzing its financial statements and using various financial metrics to determine if Mirion Technologies is a good buy. For example, gross profit margin measures Mirion Technologies' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Mirion Technologies' profitability and make more informed investment decisions.
Mirion Technologies' Earnings Breakdown by Geography
The data published in Mirion Technologies' official financial statements usually reflect Mirion Technologies' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Mirion Technologies. For example, before you start analyzing numbers published by Mirion accountants, it's critical to develop an understanding of what Mirion Technologies' liquidity, profitability, and earnings quality are in the context of the Machinery space in which it operates.
Please note, the presentation of Mirion Technologies' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Mirion Technologies' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Mirion Technologies' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Mirion Technologies. Please utilize our Beneish M Score to check the likelihood of Mirion Technologies' management manipulating its earnings.
Evaluate Mirion Technologies' management efficiency
As of 05/19/2024, Return On Tangible Assets is likely to drop to -0.13. In addition to that, Return On Capital Employed is likely to grow to -0.0052. At this time, Mirion Technologies' Other Assets are relatively stable compared to the past year. As of 05/19/2024, Total Current Assets is likely to grow to about 580.3 M, while Other Current Assets are likely to drop slightly above 23.6 M. Mirion Technologies' management efficiency ratios could be used to measure how well Mirion Technologies manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 7.56 | 4.18 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | (2.22) | (2.33) | |
| Enterprise Value Over EBITDA | 17.51 | 18.39 | |
| Price Book Value Ratio | 1.36 | 1.29 | |
| Enterprise Value Multiple | 17.51 | 18.39 | |
| Price Fair Value | 1.36 | 1.29 | |
| Enterprise Value | 2.7 B | 2.1 B |
The analysis of Mirion Technologies' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Mirion Technologies' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Mirion Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 0.812 |
Basic technical analysis of Mirion Stock
As of the 19th of May, Mirion Technologies secures the Risk Adjusted Performance of 0.0246, downside deviation of 1.7, and Mean Deviation of 1.19. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mirion Technologies, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to collect and analyze data for nineteen technical drivers for Mirion Technologies, which can be compared to its peers in the industry. Please verify Mirion Technologies variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Mirion Technologies is priced some-what accurately, providing market reflects its recent price of 10.3 per share. Given that Mirion Technologies has jensen alpha of (0.07), we recommend you to check Mirion Technologies's last-minute market performance to make sure the company can sustain itself at a future point.Mirion Technologies' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Mirion Technologies insiders, such as employees or executives, is commonly permitted as long as it does not rely on Mirion Technologies' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Mirion Technologies insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Understand Mirion Technologies' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Mirion Technologies' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0246 | |||
| Market Risk Adjusted Performance | 0.0415 | |||
| Mean Deviation | 1.19 | |||
| Semi Deviation | 1.6 | |||
| Downside Deviation | 1.7 | |||
| Coefficient Of Variation | 3216.5 | |||
| Standard Deviation | 1.61 | |||
| Variance | 2.6 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0315 | |||
| Maximum Drawdown | 9.9 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.71 | |||
| Downside Variance | 2.87 | |||
| Semi Variance | 2.56 | |||
| Expected Short fall | (1.28) | |||
| Skewness | (0.51) | |||
| Kurtosis | 2.56 |
| Risk Adjusted Performance | 0.0246 | |||
| Market Risk Adjusted Performance | 0.0415 | |||
| Mean Deviation | 1.19 | |||
| Semi Deviation | 1.6 | |||
| Downside Deviation | 1.7 | |||
| Coefficient Of Variation | 3216.5 | |||
| Standard Deviation | 1.61 | |||
| Variance | 2.6 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0315 | |||
| Maximum Drawdown | 9.9 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.71 | |||
| Downside Variance | 2.87 | |||
| Semi Variance | 2.56 | |||
| Expected Short fall | (1.28) | |||
| Skewness | (0.51) | |||
| Kurtosis | 2.56 |
Consider Mirion Technologies' intraday indicators
Mirion Technologies intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Mirion Technologies stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Mirion Technologies Corporate Filings
8K | 17th of May 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
10Q | 1st of May 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
F4 | 3rd of April 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10K | 28th of February 2024 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
Mirion Stock media impact
Far too much social signal, news, headlines, and media speculation about Mirion Technologies that are available to investors today. That information is available publicly through Mirion media outlets and privately through word of mouth or via Mirion internal channels. However, regardless of the origin, that massive amount of Mirion data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Mirion Technologies news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Mirion Technologies relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Mirion Technologies' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Mirion Technologies alpha.
Mirion Technologies Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Mirion Technologies can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mirion Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Mirion Technologies Corporate Management
Elected by the shareholders, the Mirion Technologies' board of directors comprises two types of representatives: Mirion Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mirion. The board's role is to monitor Mirion Technologies' management team and ensure that shareholders' interests are well served. Mirion Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mirion Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Shelia Webb | Chief Officer | Profile | |
| Loic Eloy | Group Technologies | Profile | |
| Alex Gaddy | IR Strategy | Profile | |
| Erin Schesny | Chief Officer | Profile | |
| Christopher CPA | Chief Officer | Profile | |
| Brian Schopfer | Chief Officer | Profile | |
| Alison Ulrich | Acting Officer | Profile |
How to buy Mirion Stock?
To provide specific investment advice or recommendations on Mirion Technologies stock, we recommend investors consider the following general factors when evaluating Mirion Technologies. This will help you to make an informed decision on whether to include Mirion Technologies in one of your diversified portfolios:- Examine Mirion Technologies' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Mirion Technologies' leadership team and their track record. Good management can help Mirion Technologies navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Industrial Machinery & Supplies & Components space and any emerging trends that could impact Mirion Technologies' business and its evolving consumer preferences.
- Compare Mirion Technologies' performance and market position to its competitors. Analyze how Mirion Technologies is positioned in terms of product offerings, innovation, and market share.
- Check if Mirion Technologies pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Mirion Technologies' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Mirion Technologies stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Mirion Technologies is a good investment.
Already Invested in Mirion Technologies?
The danger of trading Mirion Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Mirion Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Mirion Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mirion Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Mirion Technologies is a strong investment it is important to analyze Mirion Technologies' 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 Mirion Technologies' future performance. For an informed investment choice regarding Mirion Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mirion Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Mirion Stock, please use our How to Invest in Mirion Technologies guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Mirion Stock analysis
When running Mirion Technologies' price analysis, check to measure Mirion Technologies' 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 Mirion Technologies is operating at the current time. Most of Mirion Technologies' value examination focuses on studying past and present price action to predict the probability of Mirion Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirion Technologies' price. Additionally, you may evaluate how the addition of Mirion Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Mirion Technologies' 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 Mirion Technologies. If investors know Mirion 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 Mirion Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.40) | Revenue Per Share 4.07 | Quarterly Revenue Growth 0.058 | Return On Assets (0) | Return On Equity (0.05) |
The market value of Mirion Technologies is measured differently than its book value, which is the value of Mirion that is recorded on the company's balance sheet. Investors also form their own opinion of Mirion Technologies' value that differs from its market value or its book value, called intrinsic value, which is Mirion Technologies' 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 Mirion Technologies' market value can be influenced by many factors that don't directly affect Mirion Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Mirion Technologies' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Mirion Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mirion Technologies' 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.