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 |
Strong Hold
Market Performance | Solid | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely 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 92.0% of the company shares are owned by institutional investors. The book value of Mirion Technologies was now reported as 7.3. The company recorded a loss per share of 0.32. Mirion Technologies 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 800.9 M. Reported Net Loss for the year was (96.9 M) with profit before taxes, overhead, and interest of 317.2 M. | |
| Over 92.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: Mirion Technologies Reaches New 12-Month High Should You Buy |
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 | ||
2024-08-01 | 2024-06-30 | 0.08 | 0.1 | 0.02 | 25 | ||
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 |
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 | P2 Capital Partners, Llc | 2024-06-30 | 4.7 M | Geode Capital Management, Llc | 2024-06-30 | 4.4 M | American Century Companies Inc | 2024-06-30 | 3.9 M | Ack Asset Management Llc | 2024-06-30 | 3.3 M | Adage Capital Partners Gp Llc | 2024-06-30 | 3.2 M | Arrowmark Colorado Holdings, Llc (arrowmark Partners) | 2024-06-30 | 2.8 M | First Manhattan Co. Llc | 2024-06-30 | 1.7 M | Corsair Capital Management Llc | 2024-06-30 | 1.7 M | Northern Trust Corp | 2024-06-30 | 1.7 M | Goldman Sachs Group Inc | 2024-06-30 | 38 M | Vanguard Group Inc | 2024-06-30 | 21.9 M |
Mirion Technologies' market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 3.35 B.Market Cap |
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Mirion Technologies' profitablity analysis
| 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
Evaluate Mirion Technologies' management efficiency
As of 10/22/2024, Return On Tangible Assets is likely to drop to -0.13. In addition to that, Return On Capital Employed is likely to drop to -0.0057. At this time, Mirion Technologies' Other Assets are relatively stable compared to the past year. As of 10/22/2024, Total Current Assets is likely to grow to about 565.5 M, while Other Current Assets are likely to drop slightly above 24.4 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 | 7.89 | 4.97 | |
| 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 | 1.7 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 0.792 |
Basic technical analysis of Mirion Stock
As of the 22nd of October, Mirion Technologies secures the Downside Deviation of 2.43, mean deviation of 1.8, and Risk Adjusted Performance of 0.1621. 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. 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 14.44 per share. Given that Mirion Technologies has jensen alpha of 0.3504, 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.
Mirion Technologies' Outstanding Corporate Bonds
Mirion Technologies issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Mirion Technologies uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Mirion bonds can be classified according to their maturity, which is the date when Mirion Technologies has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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| International Game Technology Corp BondUS460599AD57 | View |
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 | 0.1621 | |||
| Market Risk Adjusted Performance | 0.315 | |||
| Mean Deviation | 1.8 | |||
| Semi Deviation | 1.78 | |||
| Downside Deviation | 2.43 | |||
| Coefficient Of Variation | 506.44 | |||
| Standard Deviation | 2.56 | |||
| Variance | 6.56 | |||
| Information Ratio | 0.1586 | |||
| Jensen Alpha | 0.3504 | |||
| Total Risk Alpha | 0.2043 | |||
| Sortino Ratio | 0.1673 | |||
| Treynor Ratio | 0.305 | |||
| Maximum Drawdown | 11.61 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 4.8 | |||
| Downside Variance | 5.9 | |||
| Semi Variance | 3.18 | |||
| Expected Short fall | (1.97) | |||
| Skewness | 0.5087 | |||
| Kurtosis | 2.73 |
| Risk Adjusted Performance | 0.1621 | |||
| Market Risk Adjusted Performance | 0.315 | |||
| Mean Deviation | 1.8 | |||
| Semi Deviation | 1.78 | |||
| Downside Deviation | 2.43 | |||
| Coefficient Of Variation | 506.44 | |||
| Standard Deviation | 2.56 | |||
| Variance | 6.56 | |||
| Information Ratio | 0.1586 | |||
| Jensen Alpha | 0.3504 | |||
| Total Risk Alpha | 0.2043 | |||
| Sortino Ratio | 0.1673 | |||
| Treynor Ratio | 0.305 | |||
| Maximum Drawdown | 11.61 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 4.8 | |||
| Downside Variance | 5.9 | |||
| Semi Variance | 3.18 | |||
| Expected Short fall | (1.97) | |||
| Skewness | 0.5087 | |||
| Kurtosis | 2.73 |
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
F4 | 26th of September 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 |
13A | 12th of August 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 2nd of August 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 1st of August 2024 Report filed with the SEC to announce major events that shareholders should know about | 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.
Mirion Technologies Historical Investor Sentiment
Investor biases related to Mirion Technologies' public news can be used to forecast risks associated with an investment in Mirion. The trend in average sentiment can be used to explain how an investor holding Mirion can time the market purely based on public headlines and social activities around Mirion Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Mirion Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Mirion Technologies and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Mirion Technologies news discussions. The higher the estimate score, the more favorable the investor's outlook on Mirion Technologies.
Mirion Technologies Corporate Management
| Shelia Webb | Chief Officer | Profile | |
| Loic Eloy | Group Technologies | Profile | |
| Alex Gaddy | Senior Treasurer | Profile | |
| Erin Schesny | Chief Officer | Profile | |
| Mark Siviter | Chief Officer | Profile | |
| Christopher CPA | Chief Officer | Profile | |
| Brian Schopfer | Chief Officer | Profile |
Additional 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.