Montrose Environmental Group Inc
NYSE:MEG

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Montrose Environmental Group Inc Logo
Montrose Environmental Group Inc
NYSE:MEG
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Price: 26.21 USD 1.94% Market Closed
Market Cap: 897.2m USD
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Intrinsic Value

The intrinsic value of one MEG stock under the Base Case scenario is 23.73 USD. Compared to the current market price of 26.21 USD, Montrose Environmental Group Inc is Overvalued by 9%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

MEG Intrinsic Value
23.73 USD
Overvaluation 9%
Intrinsic Value
Price
Base Case Scenario

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Montrose Environmental Group Inc

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Montrose Environmental Group Inc

Current Assets 240m
Cash & Short-Term Investments 16.9m
Receivables 208.9m
Other Current Assets 14.2m
Non-Current Assets 703.9m
PP&E 117.4m
Intangibles 578.4m
Other Non-Current Assets 8.2m
Current Liabilities 131.7m
Accounts Payable 24.3m
Accrued Liabilities 53.5m
Other Current Liabilities 53.9m
Non-Current Liabilities 270.5m
Long-Term Debt 197m
Other Non-Current Liabilities 73.5m
Efficiency

Earnings Waterfall
Montrose Environmental Group Inc

Revenue
662.3m USD
Cost of Revenue
-404.7m USD
Gross Profit
257.6m USD
Operating Expenses
-276m USD
Operating Income
-18.4m USD
Other Expenses
-27.9m USD
Net Income
-46.2m USD

Free Cash Flow Analysis
Montrose Environmental Group Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Montrose Environmental Group achieved record revenues of $173.3 million in Q2 2024, an 8.9% increase from last year, driven by organic growth and acquisitions. Adjusted EBITDA reached $23.3 million. The company's Assessment, Permitting, and Response segment saw a $14.7 million decline in environmental emergency response revenues, yet other segments, particularly Remediation and Reuse with a 36.6% revenue increase, counterbalanced this drop. Montrose reaffirmed its 2024 revenue guidance of $690-$740 million and adjusted EBITDA of $95-$100 million. The firm remains optimistic due to regulatory tailwinds and ongoing strategic acquisitions, expecting a significant EBITDA portion in the latter half of the year.

What is Earnings Call?
Fundamental Scores

MEG Profitability Score
Profitability Due Diligence

Montrose Environmental Group Inc's profitability score is 39/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive 3-Years Revenue Growth
Positive Revenue Growth Forecast
Positive 1-Year Revenue Growth
39/100
Profitability
Score

Montrose Environmental Group Inc's profitability score is 39/100. The higher the profitability score, the more profitable the company is.

MEG Solvency Score
Solvency Due Diligence

Montrose Environmental Group Inc's solvency score is 43/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Average Altman Z-Score
43/100
Solvency
Score

Montrose Environmental Group Inc's solvency score is 43/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

MEG Price Targets Summary
Montrose Environmental Group Inc

Wall Street analysts forecast MEG stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MEG is 46.32 USD with a low forecast of 23.71 USD and a high forecast of 56.7 USD.

Lowest
Price Target
23.71 USD
10% Downside
Average
Price Target
46.32 USD
77% Upside
Highest
Price Target
56.7 USD
116% Upside
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Dividends

Montrose Environmental Group Inc
does not pay dividends
Shareholder Yield

Current shareholder yield for MEG is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
No dividends
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Ownership

MEG Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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MEG News

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Profile

Montrose Environmental Group Inc Logo
Montrose Environmental Group Inc

Country

United States of America

Industry

Commercial Services & Supplies

Market Cap

895.6m USD

Dividend Yield

0%

Description

Montrose Environmental Group, Inc. is an environmental services company, which engages in the provision of air measurement and environmental laboratory services. The company is headquartered in Irvine, California and currently employs 2,500 full-time employees. The company went IPO on 2020-07-23. The Company’s segments include Assessment, Permitting and Response segment, which is engaged in providing scientific advisory and consulting services to support environmental assessments, environmental emergency response and recovery, toxicology consulting and environmental audits and permits for current operations, facility upgrades, new projects, decommissioning projects, and development projects; Measurement and Analysis segment, which provides environmental testing and laboratory services, such as source and ambient air testing and monitoring, leak detection, and advanced multi-media laboratory services, including air, soil, stormwater, wastewater and drinking water analysis; and Remediation and Reuse segment, which provides clients with engineering, design, implementation and operations and maintenance services, primarily to treat contaminated water, remove contaminants from soil or create biogas from waste.

Contact

CALIFORNIA
Irvine
1 Park Plz Ste 1000
+19499883500.0
www.montrose-env.com

IPO

2020-07-23

Employees

2 500

Officers

President, CEO & Director
Mr. Vijay Manthripragada
Chief Financial Officer
Mr. Allan Michael Dicks
Chief Operating Officer
Mr. Joshua W. LeMaire
General Counsel & Secretary
Ms. Nasym Korloo Afsari
Chief Strategy Officer
Mr. Jose M. Revuelta
Chief Information Officer
Mr. John Jackson
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Senior Vice President of Marketing, PR & Communications
Ms. Lauren Dowling
Executive Vice President of Sales
Mr. Bryan Chubb B.Sc., C. Chem.
Senior Vice President of Human Resources
Mr. Kevin A. Gill
Senior Vice President of Enterprise Risk & Regulatory Affairs
Mr. Scott M. Churbock
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See Also

Discover More
What is the Intrinsic Value of one MEG stock?

The intrinsic value of one MEG stock under the Base Case scenario is 23.73 USD.

Is MEG stock undervalued or overvalued?

Compared to the current market price of 26.21 USD, Montrose Environmental Group Inc is Overvalued by 9%.

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