Invesaro

Stocks MG DCF valuation

DCF valuation

What is Mistras Group, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Mistras Group, Inc.'s reported free cash flow gives -$0.33 per share. The share price was $20.17 on November 10, 2026, 6,276% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$8.3M
Average free cash flow, last 5 years
$16.9M
Cash
$19M
balance sheet of September 30, 2026
Debt
$173.8M
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
32,058,000
Revenue growth per year, last 5 years
4.1%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-1.0%0.5%2.0%10.0%-$2.04-110%
Base4.0%3.5%2.5%9.0%-$0.33-102%
Bull9.0%6.0%3.0%8.0%$2.88-86%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$0.89$1.26$1.72$2.28$3.01
8.0%-$0.02$0.22$0.51$0.85$1.27
9.0%-$0.68-$0.52-$0.33-$0.11$0.16
10.0%-$1.19-$1.07-$0.94-$0.79-$0.61
11.0%-$1.59-$1.50-$1.41-$1.30-$1.18

Where the presets come from

Base: years 1 to 5 grow at Mistras Group, Inc.'s revenue growth rate over the last 5 fiscal years (4.1% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Mistras Group, Inc. company page