MS INTERNATIONAL Valuation

Q: What is the Fair Price of MSI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MSI (£10.05) is trading below our estimate of [[fair value]] (£506.7)

Is MSI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MSI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MSI (£10.05) is trading below our estimate of fair value (£506.7)

Significantly Below Fair Value: MSI is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MSI?

Key metric: As MSI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MSI. This is calculated by dividing MSI's market cap by their current earnings.
What is MSI's PE Ratio?
PE Ratio	14x
Earnings	UK£11.50m
Market Cap	UK£160.74m

MSI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.2x
Enterprise Value/EBITDA	8.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does MSI's PE Ratio compare to its peers?

The above table shows the PE ratio for MSI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	23.1x
CHRT Cohort	24.6x	14.4%	UK£377.4m
SNR Senior	19.8x	31.5%	UK£602.7m
CHG Chemring Group	30.9x	22.2%	UK£961.1m
QQ. QinetiQ Group	17.2x	14.2%	UK£2.4b
MSI MS INTERNATIONAL	14x	n/a	UK£160.7m

Price-To-Earnings vs Peers: MSI is good value based on its Price-To-Earnings Ratio (14x) compared to the peer average (23.1x).

Price to Earnings Ratio vs Industry

How does MSI's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: MSI is good value based on its Price-To-Earnings Ratio (14x) compared to the European Aerospace & Defense industry average (22.7x).

Price to Earnings Ratio vs Fair Ratio

What is MSI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MSI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MSI's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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