MEG - Montrose Environmental Group, Inc. Stock Price, Fair Value and News

48.03USD+0.49 (+1.03%)Market Closed

Market Summary

USD48.03+0.49

Market Closed

1.03%

MEG Alerts

1 major insider sales recently.

Losses in recent quarter

MEG Stock Price

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MEG RSI Chart

MEG Valuation

Market Cap

1.6B

Price/Earnings (Trailing)

-55.49

Price/Sales (Trailing)

2.53

EV/EBITDA

319.72

Price/Free Cashflow

-3.6K

MEG Price/Sales (Trailing)

MEG Profitability

Operating Margin

38.46%

EBT Margin

-4.84%

Return on Equity

-9.09%

Return on Assets

-3.21%

Free Cashflow Yield

-0.03%

MEG Fundamentals

MEG Revenue

Revenue (TTM)

648.1M

Rev. Growth (Yr)

18.18%

Rev. Growth (Qtr)

-6.29%

MEG Earnings

Earnings (TTM)

-29.5M

Earnings Growth (Yr)

9.25%

Earnings Growth (Qtr)

-826.93%

Breaking Down MEG Revenue

Last 7 days

9.4%

Last 30 days

29.3%

Last 90 days

42.6%

Trailing 12 Months

27.4%

How does MEG drawdown profile look like?

MEG Financial Health

Current Ratio

1.63

Debt/Equity

0.87

Debt/Cashflow

0.11

MEG Investor Care

Shares Dilution (1Y)

13.31%

Diluted EPS (TTM)

-1.48

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	648.1M	0	0	0
2023	541.2M	560.4M	598.0M	624.2M
2022	547.3M	551.0M	548.7M	544.4M
2021	401.0M	463.5M	511.4M	546.4M
2020	243.9M	260.3M	287.4M	328.2M
2019	200.1M	211.3M	222.6M	233.9M
2018	0	0	0	188.8M

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Montrose Environmental Group, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 06, 2024	manthripragada vijay	sold	-581,388	46.511	-12,500	president & ceo
Jan 01, 2024	newmark robin	acquired	-	-	3,423	-
Jan 01, 2024	graham peter	acquired	-	-	3,423	-
Jan 01, 2024	price james k	acquired	-	-	3,423	-
Jan 01, 2024	presby j thomas	acquired	-	-	3,423	-
Jan 01, 2024	field janet risi	acquired	-	-	3,423	-
Jan 01, 2024	fernandez de castro jose miguel	acquired	-	-	3,423	-
Jan 01, 2024	perlman richard e	acquired	-	-	3,423	-
Nov 10, 2023	field janet risi	bought	12,627	25.255	500	-
Nov 10, 2023	dicks allan	bought	51,370	25.685	2,000	chief financial officer

Which funds bought or sold MEG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 17, 2024	Kozak & Associates, Inc.	reduced	-9.09	169,710	475,400	0.13%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-4.92	153,967	1,121,240	-%
May 16, 2024	COMERICA BANK	added	1.66	56,132	290,681	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-59.26	-1,183,440	1,167,580	-%
May 15, 2024	UBS ASSET MANAGEMENT AMERICAS LLC	reduced	-0.73	14,308,200	82,387,400	0.03%
May 15, 2024	SEGALL BRYANT & HAMILL, LLC	reduced	-1.41	1,205,730	7,176,410	0.13%
May 15, 2024	Walleye Capital LLC	new	-	401,571	401,571	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	added	3.17	6,390,470	31,181,600	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	reduced	-77.87	-855,300	316,063	-%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	added	7.94	63,937	266,356	-%

Are Funds Buying or Selling MEG?

Are funds buying MEG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MEG

No. of Funds

Unveiling Montrose Environmental Group, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	ubs asset management americas inc	8.25%	2,491,944	SC 13G/A
Feb 13, 2024	vanguard group inc	5.08%	1,534,694	SC 13G
Feb 09, 2024	capital research global investors	0.0%	0	SC 13G/A
Jan 25, 2024	blackrock inc.	8.3%	2,509,351	SC 13G/A
Oct 10, 2023	alger associates inc	3.6%	1,087,993	SC 13G/A
Feb 14, 2023	alger associates inc	9.6%	2,848,212	SC 13G/A
Feb 13, 2023	ubs asset management americas inc	7.95%	2,362,771	SC 13G/A
Feb 13, 2023	capital research global investors	6.6%	1,972,095	SC 13G/A
Jan 31, 2023	blackrock inc.	7.2%	2,143,811	SC 13G/A
Apr 08, 2022	alger associates inc	10.7%	3,174,023	SC 13G/A

Recent SEC filings of Montrose Environmental Group, Inc.

View All Filings

Date Filed	Form Type	Document
May 15, 2024	4	Insider Trading
May 14, 2024	8-K	Current Report
May 09, 2024	4	Insider Trading
May 08, 2024	10-Q	Quarterly Report
May 08, 2024	8-K	Current Report
May 07, 2024	8-K	Current Report
May 06, 2024	144	Notice of Insider Sale Intent
Apr 22, 2024	DEFA14A	DEFA14A
Apr 19, 2024	424B5	Prospectus Filed
Apr 19, 2024	8-K	Current Report

Peers (Alternatives to Montrose Environmental Group, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ADP	103.3B	18.9B	3.89%	17.13%	27.92	5.46	7.08%	13.46%
CTAS	70.2B	9.4B	3.55%	46.60%	46.72	7.46	9.34%	15.98%
CPRT	52.4B	4.1B	0.93%	23.38%	38.65	12.91	10.52%	25.37%
EFX	30.8B	5.4B	4.69%	18.29%	55.13	5.75	5.76%	-4.95%
BAH	19.8B	10.3B	8.58%	63.14%	48.27	1.91	13.90%	-5.05%
ALLE	10.9B	3.6B	-1.06%	12.63%	20.13	3	4.33%	10.69%
MID-CAP
RHI	7.4B	6.2B	2.28%	3.37%	21.08	1.21	-13.83%	-42.32%
AL	5.5B	2.7B	1.27%	26.05%	9.4	2.02	15.08%	16.51%
SRCL	4.3B	2.6B	-4.39%	7.90%	-221.54	1.64	-3.11%	-123.81%
ABM	3.0B	8.2B	7.93%	6.44%	11.58	0.36	3.98%	33.49%
SMALL-CAP
AZZ	1.9B	2.7B	1.35%	107.67%	18.93	0.71	104.63%	188.16%
ALTG	285.4M	1.9B	-26.28%	-43.39%	32.07	0.15	15.20%	-4.30%
ARC	118.7M	283.1M	3.77%	-7.09%	13.57	0.42	-0.83%	-20.92%
AQMS	48.7M	212.0K	-14.00%	-58.65%	-1.94	213.63	-40.62%	-60.52%
AWX	9.4M	81.0M	4.35%	-6.98%	-8.5	0.12	-4.98%	-14.33%

Montrose Environmental Group, Inc. News

Latest updates

Montrose Environmental Group, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-6.3%	155,325,000	165,742,000	167,937,000	159,101,000	131,428,000	139,514,000	130,312,000	139,910,000	134,680,000	143,794,000	132,578,000	136,224,000	133,817,000	108,741,000	84,705,000	73,766,000	61,031,000	67,876,000	57,623,000	57,401,000	50,954,000
Cost Of Revenue	-5.3%	96,557,000	101,919,000	102,155,000	98,196,000	81,633,000	90,833,000	82,234,000	90,429,000	88,386,000	96,366,000	85,242,000	92,104,000	95,316,000	73,377,000	51,828,000	45,889,000	44,398,000	47,735,000	39,804,000	39,349,000	37,095,000
S&GA Expenses	-6.6%	57,074,000	61,100,000	56,901,000	55,247,000	49,613,000	45,175,000	42,857,000	46,456,000	41,807,000	34,793,000	30,499,000	27,366,000	25,000,000	20,736,000	24,442,000	19,318,000	20,519,000	13,751,000	12,636,000	12,129,000	10,593,000
EBITDA Margin	-6.5%	0.01	0.01	0.00	0.00	0.01	0.02	0.04	0.06	0.03	0.02	0.02	-0.05	-	-	-	-	-	-	-	-	-
Interest Expenses	-44.6%	-3,306,000	-2,286,000	-2,089,000	-1,877,000	-1,541,000	-1,229,000	-1,400,000	-1,518,000	-1,092,000	-407,000	-1,722,000	-6,798,000	-2,688,000	-2,923,000	-3,043,000	-5,260,000	-2,593,000	-2,165,000	-2,130,000	-1,181,000	-1,279,000
Income Taxes	113.1%	500,000	-3,822,000	1,324,000	151,000	1,367,000	358,000	-208,000	831,000	1,269,000	1,061,000	902,000	-256,000	2,000	2,414,000	3,348,000	-1,759,000	-3,152,000	-1,813,000	-412,000	-1,712,000	816,000
Earnings Before Taxes	-144.4%	-12,864,000	-5,263,000	-6,201,000	-7,023,000	-13,352,000	-10,454,000	-5,928,000	-6,920,000	-6,267,000	-411,000	3,128,000	-13,404,000	-12,929,000	3,226,000	-27,389,000	11,465,000	-44,400,000	-13,123,000	-7,095,000	-2,034,000	-4,426,000
EBT Margin	5.2%	-0.05	-0.05	-0.06	-0.07	-0.07	-0.05	-0.04	-0.02	-0.03	-0.04	-0.04	-0.11	-	-	-	-	-	-	-	-	-
Net Income	-826.9%	-13,357,000	-1,441,000	-7,525,000	-7,174,000	-14,719,000	-10,812,000	-5,720,000	-7,751,000	-7,536,000	-1,472,000	2,226,000	-13,148,000	-12,931,000	812,000	-30,737,000	13,224,000	-41,248,000	-11,310,000	-6,683,000	-322,000	-5,242,000
Net Income Margin	7.9%	-0.05	-0.05	-0.07	-0.07	-0.07	-0.06	-0.04	-0.03	-0.04	-0.05	-0.05	-0.12	-	-	-	-	-	-	-	-	-
Free Cashflow	-381.7%	-28,000,000	9,941,000	12,942,000	4,666,000	-1,105,000	8,315,000	9,194,000	12,147,000	-18,590,000	22,393,000	27,703,000	-4,565,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																			(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4
Assets	12.4%	918	817	836	826	783	792	789	788	790	833	668	682	625	603	602	611	472	332	234
Current Assets	1.7%	204	201	213	201	231	248	246	244	239	294	139	175	147	134	127	121	-	73.00	54.00
Cash Equivalents	-59.2%	9.00	23.00	23.00	23.00	77.00	90.00	-	-	-	146	-	-	-	34.00	38.00	-	-	6.00	2.00
Net PPE	5.1%	60.00	57.00	58.00	57.00	41.00	36.00	34.00	34.00	32.00	32.00	31.00	30.00	35.00	34.00	35.00	35.00	-	27.00	21.00
Goodwill	27.2%	463	364	356	369	326	324	318	316	316	312	304	287	282	275	274	273	-	127	90.00
Liabilities	46.1%	501	343	368	360	320	326	320	320	322	364	369	390	345	313	311	357	293	229	118
Current Liabilities	-0.6%	125	126	135	125	102	111	103	101	100	148	115	107	132	112	106	133	-	73.00	42.00
Long Term Debt	88.6%	281	149	153	156	149	152	156	158	160	162	201	231	169	170	171	198	-	145	71.00
LT Debt, Current	17.7%	17.00	14.00	14.00	13.00	13.00	12.00	9.00	9.00	9.00	11.00	9.00	7.00	6.00	6.00	5.00	5.00	-	7.00	2.00
LT Debt, Non Current	-100.0%	-	149	153	156	149	152	156	158	160	162	201	231	169	170	171	198	-	145	71.00
Shareholder's Equity	1.0%	324	321	315	313	310	313	316	315	316	317	146	139	126	137	139	-	-	-	7.00
Retained Earnings	-6.3%	-223	-210	-208	-201	-194	-179	-168	-162	-155	-147	-146	-148	-133	-122	-123	-92.43	-	-64.40	-40.85
Additional Paid-In Capital	3.1%	548	532	524	514	504	493	485	478	471	464	292	287	262	259	262	54.00	-	38.00	48.00
Shares Outstanding	1.4%	31.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	27.00	26.00	26.00	-	-	-	-	-	-	-
Float	-	-	-	-	1,300	-	-	-	1,000	-	-	-	1,400	1,200	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2018Q4
Cashflow From Operations	-251.3%	-22,021	14,550	16,960	21,483	3,029	12,484	11,107	15,386	-18,328	23,873	30,754	-3,133	-13,913	5,727	-2,293	7,394	-8,978	4,495	8,156	-	-
Share Based Compensation	-3.3%	11,272	11,658	11,484	11,090	13,035	10,915	11,018	10,932	10,425	3,734	2,365	2,417	1,805	1,410	1,149	1,140	1,150	768	1,055	1,294	-
Cashflow From Investing	-1301.1%	-65,038	-4,642	-9,999	-75,256	-11,727	-11,372	-8,985	-3,325	-15,005	-20,953	-24,873	-18,417	-7,398	-2,900	-2,871	-172,309	-1,660	-2,842	-56,200	-	-
Cashflow From Financing	893.7%	73,347	-9,241	-6,910	695	-4,654	-4,714	-6,954	-7,381	-19,715	128,355	-29,895	50,730	-3,087	-6,265	-1,245	208,174	5,238	-2,801	54,511	-	-
Dividend Payments	-100.0%	-	4,100	4,100	4,100	4,100	4,100	4,100	4,100	4,100	4,100	4,100	4,100	4,100	-	-	-	-	-	-	-	-

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MEG Income Statement

2024-03-31

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenues	$ 155,325	$ 131,428
Cost of revenues (exclusive of depreciation and amortization shown below)	96,557	81,633
Selling, general and administrative expense	57,074	49,613
Fair value changes in business acquisition contingencies	106	(398)
Depreciation and amortization	11,653	10,555
Loss from operations	(10,065)	(9,975)
Other expense
Other income (expense), net	507	(1,836)
Interest expense, net	(3,306)	(1,541)
Total other income (expense), net	(2,799)	(3,377)
Loss before expense from income taxes	(12,864)	(13,352)
Income tax expense	493	1,367
Net loss	(13,357)	(14,719)
Equity adjustment from foreign currency translation	(35)	12
Comprehensive loss	(13,392)	(14,707)
Convertible and redeemable series A-2 preferred stock dividend	(2,814)	(4,100)
Net loss attributable to common stockholders	$ (16,171)	$ (18,819)
Weighted average common shares outstanding - basic	30,381	29,857
Weighted average common shares outstanding - diluted	30,381	29,857
Net loss per share attributable to common stockholders - basic	$ (0.53)	$ (0.63)
Net loss per share attributable to common stockholders - diluted	$ (0.53)	$ (0.63)

MEG Balance Sheet

2024-03-31

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash, cash equivalents and restricted cash	$ 9,486	$ 23,240
Accounts receivable, net	104,734	112,360
Contract assets	73,466	51,629
Prepaid and other current assets	16,752	13,695
Total current assets	204,438	200,924
Non-current assets:
Property and equipment, net	59,745	56,825
Operating lease right-of-use asset, net	32,869	32,260
Finance lease right-of-use asset, net	14,588	13,248
Goodwill	463,450	364,449
Other intangible assets, net	134,424	140,813
Other assets	8,584	8,267
Total assets	918,098	816,786
Current liabilities:
Accounts payable and other accrued liabilities	58,645	59,920
Accrued payroll and benefits	24,125	34,660
Business acquisitions contingent consideration, current	11,782	3,592
Current portion of operating lease liabilities	10,074	9,963
Current portion of finance lease liabilities	4,155	3,956
Current portion of long-term debt	16,715	14,196
Total current liabilities	125,496	126,287
Non-current liabilities:
Business acquisitions contingent consideration, long-term	28,679	2,448
Other non-current liabilities	6,309	6,569
Deferred tax liabilities, net	5,849	6,064
Operating lease liability, net of current portion	25,459	25,048
Finance lease liability, net of current portion	8,921	8,185
Long-term debt, net of deferred financing fees	280,948	148,988
Total liabilities	500,698	342,606
Commitments and contingencies
Stockholders' equity:
Additional paid-in-capital	548,443	531,831
Accumulated deficit	(223,713)	(210,356)
Accumulated other comprehensive (loss) income	(258)	(223)
Total stockholders’ equity	324,472	321,252
Total liabilities, convertible and redeemable series A-2 preferred stock and stockholders' equity	918,098	816,786
Conversion Option
Non-current liabilities:
Conversion option	19,037	19,017
Convertible And Redeemable Series A-2 Preferred Stock
Non-current liabilities:
Redeemable series preferred stock	$ 92,928	$ 152,928

About Montrose Environmental Group, Inc.

Montrose Environmental Group, Inc. operates as an environmental services company in the United States and internationally. The company operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting and Response segment provides 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. Its technical advisory and consulting services include regulatory compliance support and planning, environmental, and ecosystem and toxicological assessments and support during responses to environmental disruptions. The Measurement and Analysis segment tests and analyzes air, water, and soil to determine concentrations of contaminants, as well as the toxicological impact of contaminants on flora, fauna, and human health. Its services include source and ambient air testing and monitoring, leak detection, and advanced analytical laboratory services, such as air, storm water, wastewater, and drinking water analysis. The Remediation and Reuse segment provides engineering, design, implementation, and operations and maintenance services primarily to treat contaminated water, remove contaminants from soil, or create biogas from waste. The company serves technology, media, chemical, energy, power and utility, industrial and manufacturing, financial, and engineering industries, as well as local, state, provincial, and federal government entities. Montrose Environmental Group, Inc. was founded in 2012 and is headquartered in North Little Rock, Arkansas.

CEO	Mr. Vijay Manthripragada
WEBSITE	montrose-env.com
INDUSTRY	Information Technology Services
EMPLOYEES	3600

Montrose Environmental Group, Inc. Frequently Asked Questions

What is the ticker symbol for Montrose Environmental Group, Inc.? What does MEG stand for in stocks?

MEG is the stock ticker symbol of Montrose Environmental Group, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Montrose Environmental Group, Inc. (MEG)?

As of Fri May 17 2024, market cap of Montrose Environmental Group, Inc. is 1.64 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MEG stock?

You can check MEG's fair value in chart for subscribers.

What is the fair value of MEG stock?

You can check MEG's fair value in chart for subscribers. The fair value of Montrose Environmental Group, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Montrose Environmental Group, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MEG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Montrose Environmental Group, Inc. a good stock to buy?

The fair value guage provides a quick view whether MEG is over valued or under valued. Whether Montrose Environmental Group, Inc. is cheap or expensive depends on the assumptions which impact Montrose Environmental Group, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MEG.

What is Montrose Environmental Group, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, MEG's PE ratio (Price to Earnings) is -55.49 and Price to Sales (PS) ratio is 2.53. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MEG PE ratio will change depending on the future growth rate expectations of investors.