Matrix Service Company

NasdaqGS:MTRX Stock Report

Market Cap: US$345.0m

Matrix Service Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: MTRX ($12.52) is trading below our estimate of fair value ($21.1)

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

Key Valuation Metric

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

Key metric: As MTRX is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MTRX. This is calculated by dividing MTRX's market cap by their current revenue.
What is MTRX's PS Ratio?
PS Ratio0.5x
SalesUS$696.13m
Market CapUS$344.99m

Price to Sales Ratio vs Peers

How does MTRX's PS Ratio compare to its peers?

The above table shows the PS ratio for MTRX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.2x
ORN Orion Group Holdings
0.4x7.6%US$294.5m
NETI Eneti
2.7x23.6%US$415.0m
BBCP Concrete Pumping Holdings
0.7x0.4%US$293.9m
NWPX Northwest Pipe
1.1x1.2%US$528.2m
MTRX Matrix Service
0.5x21.9%US$345.0m

Price-To-Sales vs Peers: MTRX is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.2x).

Price to Sales Ratio vs Industry

How does MTRX's PS Ratio compare vs other companies in the US Construction Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
SLND Southland Holdings
0.1x3.3%US$143.35m
SHIM Shimmick
0.1x-3.2%US$71.21m
VATE INNOVATE
0.04xn/aUS$52.66m
SGBX Safe & Green Holdings
0.2xn/aUS$1.36m
MTRX 0.5xIndustry Avg. 1.1xNo. of Companies8PS012345+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MTRX is good value based on its Price-To-Sales Ratio (0.5x) compared to the US Construction industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

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

MTRX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: MTRX is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).

Analyst Price Targets

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

The above table shows the analyst MTRX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$12.52
US$17.00
+35.8%
5.9%US$18.00US$16.00n/a2
Nov ’25US$11.24
US$17.00
+51.2%
5.9%US$18.00US$16.00n/a2
Oct ’25US$11.85
US$17.00
+43.5%
5.9%US$18.00US$16.00n/a2
Sep ’25US$9.96
US$17.00
+70.7%
5.9%US$18.00US$16.00n/a2
Aug ’25US$10.03
US$17.00
+69.5%
5.9%US$18.00US$16.00n/a2
Jul ’25US$9.46
US$17.00
+79.7%
5.9%US$18.00US$16.00n/a2
Jun ’25US$12.08
US$17.00
+40.7%
5.9%US$18.00US$16.00n/a2
May ’25US$11.14
US$17.00
+52.6%
5.9%US$18.00US$16.00n/a2
Apr ’25US$12.97
US$17.00
+31.1%
5.9%US$18.00US$16.00n/a2
Mar ’25US$11.99
US$17.00
+41.8%
5.9%US$18.00US$16.00n/a2
Feb ’25US$9.10
US$16.50
+81.3%
3.0%US$17.00US$16.00n/a2
Jan ’25US$9.78
US$16.50
+68.7%
3.0%US$17.00US$16.00n/a2
Dec ’24US$10.14
US$16.50
+62.7%
3.0%US$17.00US$16.00n/a2
Nov ’24US$11.47
US$14.50
+26.4%
3.4%US$15.00US$14.00US$11.242
Oct ’24US$11.80
US$14.50
+22.9%
3.4%US$15.00US$14.00US$11.852
Sep ’24US$8.11
US$12.50
+54.1%
12.0%US$14.00US$11.00US$9.962
Aug ’24US$6.38
US$12.50
+95.9%
12.0%US$14.00US$11.00US$10.032
Jul ’24US$5.89
US$12.50
+112.2%
12.0%US$14.00US$11.00US$9.462
Jun ’24US$5.49
US$12.50
+127.7%
12.0%US$14.00US$11.00US$12.082
May ’24US$5.09
US$12.50
+145.6%
12.0%US$14.00US$11.00US$11.142
Apr ’24US$5.40
US$12.50
+131.5%
12.0%US$14.00US$11.00US$12.972
Mar ’24US$6.62
US$12.50
+88.8%
12.0%US$14.00US$11.00US$11.992
Feb ’24US$8.57
US$12.50
+45.9%
12.0%US$14.00US$11.00US$9.102
Jan ’24US$6.22
US$12.50
+101.0%
12.0%US$14.00US$11.00US$9.782
Dec ’23US$5.54
US$12.50
+125.6%
12.0%US$14.00US$11.00US$10.142
Nov ’23US$4.96
US$12.50
+152.0%
12.0%US$14.00US$11.00US$11.472

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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