MIRION TECHNOLOGIES INC (MIR) Stock Fundamental Analysis
NYSE:MIR - New York Stock Exchange, Inc. - US60471A1016 - Common Stock - Currency: USD
Overall MIR gets a fundamental rating of 3 out of 10. We evaluated MIR against 124 industry peers in the Electronic Equipment, Instruments & Components industry. MIR may be in some trouble as it scores bad on both profitability and health. MIR is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
MIR had positive earnings in the past year.
In the past year MIR had a positive cash flow from operations.
In the past 5 years MIR always reported negative net income.
MIR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MIR has a Return On Assets (-1.37%) which is comparable to the rest of the industry.
The Return On Equity of MIR (-2.40%) is comparable to the rest of the industry.
With a Return On Invested Capital value of 0.88%, MIR perfoms like the industry average, outperforming 50.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.37% | ||
| ROE | -2.4% | ||
| ROIC | 0.88% |
ROA(3y)-5.01%
ROA(5y)-6.97%
ROE(3y)-9.58%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Operating Margin value of 3.08%, MIR perfoms like the industry average, outperforming 56.45% of the companies in the same industry.
MIR's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 46.43%, MIR is in the better half of the industry, outperforming 79.84% of the companies in the same industry.
In the last couple of years the Gross Margin of MIR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.08% | ||
| PM (TTM) | N/A | ||
| GM | 46.43% |
OM growth 3Y18.9%
OM growth 5Y-14%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.09%
GM growth 5Y1.66%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MIR is destroying value.
Compared to 1 year ago, MIR has more shares outstanding
MIR has a worse debt/assets ratio than last year.
2.2 Solvency
MIR has an Altman-Z score of 1.92. This is not the best score and indicates that MIR is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 1.92, MIR is doing worse than 66.94% of the companies in the same industry.
MIR has a debt to FCF ratio of 13.65. This is a negative value and a sign of low solvency as MIR would need 13.65 years to pay back of all of its debts.
MIR's Debt to FCF ratio of 13.65 is in line compared to the rest of the industry. MIR outperforms 52.42% of its industry peers.
A Debt/Equity ratio of 0.46 indicates that MIR is not too dependend on debt financing.
MIR's Debt to Equity ratio of 0.46 is on the low side compared to the rest of the industry. MIR is outperformed by 67.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 13.65 | ||
| Altman-Z | 1.92 |
ROIC/WACC0.1
WACC8.99%
2.3 Liquidity
A Current Ratio of 2.26 indicates that MIR has no problem at all paying its short term obligations.
MIR has a Current ratio of 2.26. This is comparable to the rest of the industry: MIR outperforms 48.39% of its industry peers.
A Quick Ratio of 1.75 indicates that MIR should not have too much problems paying its short term obligations.
MIR has a Quick ratio (1.75) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.26 | ||
| Quick Ratio | 1.75 |
3. Growth
3.1 Past
MIR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.59%, which is quite impressive.
Looking at the last year, MIR shows a small growth in Revenue. The Revenue has grown by 7.48% in the last year.
The Revenue has been growing by 14.36% on average over the past years. This is quite good.
EPS 1Y (TTM)20.59%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%13.33%
Revenue 1Y (TTM)7.48%
Revenue growth 3Y12.07%
Revenue growth 5Y14.36%
Sales Q2Q%10.37%
3.2 Future
Based on estimates for the next years, MIR will show a very strong growth in Earnings Per Share. The EPS will grow by 21.02% on average per year.
The Revenue is expected to grow by 6.95% on average over the next years.
EPS Next Y14.75%
EPS Next 2Y18.05%
EPS Next 3Y21.02%
EPS Next 5YN/A
Revenue Next Year5.77%
Revenue Next 2Y6.6%
Revenue Next 3Y6.95%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
MIR is valuated quite expensively with a Price/Earnings ratio of 33.66.
Compared to the rest of the industry, the Price/Earnings ratio of MIR is on the same level as its industry peers.
MIR is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 29.33, the valuation of MIR can be described as expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as MIR.
The average S&P500 Price/Forward Earnings ratio is at 21.08. MIR is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.66 | ||
| Fwd PE | 29.33 |
4.2 Price Multiples
MIR's Enterprise Value to EBITDA ratio is in line with the industry average.
MIR's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 63.53 | ||
| EV/EBITDA | 20.89 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MIR does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as MIR's earnings are expected to grow with 21.02% in the coming years.
PEG (NY)2.28
PEG (5Y)N/A
EPS Next 2Y18.05%
EPS Next 3Y21.02%
5. Dividend
5.1 Amount
No dividends for MIR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
13.8
-0.04 (-0.29%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners83.11%
Inst Owner Change0%
Ins Owners2.29%
Ins Owner Change17.57%
Market Cap3.20B
Analysts84.44
Price Target20.4 (47.83%)
Short Float %2.1%
Short Ratio2.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.95%
Min EPS beat(2)-11.99%
Max EPS beat(2)13.88%
EPS beat(4)2
Avg EPS beat(4)7.43%
Min EPS beat(4)-11.99%
Max EPS beat(4)32.01%
EPS beat(8)6
Avg EPS beat(8)11.89%
EPS beat(12)8
Avg EPS beat(12)5.05%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)1.64%
Min Revenue beat(2)0.53%
Max Revenue beat(2)2.76%
Revenue beat(4)2
Avg Revenue beat(4)0.06%
Min Revenue beat(4)-2.72%
Max Revenue beat(4)2.76%
Revenue beat(8)6
Avg Revenue beat(8)1.7%
Revenue beat(12)7
Avg Revenue beat(12)0.99%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)4.17%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.49%
EPS NY rev (1m)-2.67%
EPS NY rev (3m)-8.04%
Revenue NQ rev (1m)0.21%
Revenue NQ rev (3m)-2.97%
Revenue NY rev (1m)0.13%
Revenue NY rev (3m)0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.66 | ||
| Fwd PE | 29.33 | ||
| P/S | 3.71 | ||
| P/FCF | 63.53 | ||
| P/OCF | 32.25 | ||
| P/B | 2.12 | ||
| P/tB | N/A | ||
| EV/EBITDA | 20.89 |
EPS(TTM)0.41
EY2.97%
EPS(NY)0.47
Fwd EY3.41%
FCF(TTM)0.22
FCFY1.57%
OCF(TTM)0.43
OCFY3.1%
SpS3.72
BVpS6.5
TBVpS-1.43
PEG (NY)2.28
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.37% | ||
| ROE | -2.4% | ||
| ROCE | 1.12% | ||
| ROIC | 0.88% | ||
| ROICexc | 0.96% | ||
| ROICexgc | 5.92% | ||
| OM | 3.08% | ||
| PM (TTM) | N/A | ||
| GM | 46.43% | ||
| FCFM | 5.84% |
ROA(3y)-5.01%
ROA(5y)-6.97%
ROE(3y)-9.58%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y18.71%
ROICexcg growth 5YN/A
ROICexc growth 3Y10.74%
ROICexc growth 5YN/A
OM growth 3Y18.9%
OM growth 5Y-14%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.09%
GM growth 5Y1.66%
F-Score6
Asset Turnover0.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 13.65 | ||
| Debt/EBITDA | 3.87 | ||
| Cap/Depr | 32.45% | ||
| Cap/Sales | 5.67% | ||
| Interest Coverage | 0.48 | ||
| Cash Conversion | 56.02% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.26 | ||
| Quick Ratio | 1.75 | ||
| Altman-Z | 1.92 |
F-Score6
WACC8.99%
ROIC/WACC0.1
Cap/Depr(3y)24.94%
Cap/Depr(5y)26.34%
Cap/Sales(3y)5.02%
Cap/Sales(5y)4.6%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)20.59%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%13.33%
EPS Next Y14.75%
EPS Next 2Y18.05%
EPS Next 3Y21.02%
EPS Next 5YN/A
Revenue 1Y (TTM)7.48%
Revenue growth 3Y12.07%
Revenue growth 5Y14.36%
Sales Q2Q%10.37%
Revenue Next Year5.77%
Revenue Next 2Y6.6%
Revenue Next 3Y6.95%
Revenue Next 5YN/A
EBIT growth 1Y290.65%
EBIT growth 3Y33.25%
EBIT growth 5Y-1.65%
EBIT Next Year380.38%
EBIT Next 3Y85.44%
EBIT Next 5YN/A
FCF growth 1Y-13.43%
FCF growth 3Y18.28%
FCF growth 5YN/A
OCF growth 1Y4.1%
OCF growth 3Y22.74%
OCF growth 5Y46.47%