MS International PLC (GB:MSI)
LSE:MSI
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MS International
(LSE:MSI)
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Rating:64Neutral
Price Target:
1,348.00 p
▼(-13.03% Downside)
Action:DowngradedDate:12/07/25
MS International's overall stock score is driven by strong financial performance and recent corporate events, particularly the significant contracts with the US Navy. However, technical analysis indicates bearish momentum, and cash flow challenges pose potential risks. The valuation is fair, but not compelling enough to offset the technical weaknesses.
Positive Factors
Profitability & Margins
Consistently high gross and operating margins alongside mid-single-digit revenue growth indicate durable pricing power and operational efficiency in surface materials. These margins provide a buffer against input cost swings and support reinvestment in distribution and product assortment over the medium term.
Negative Factors
Negative Operating & Free Cash Flow
Despite accounting profitability, negative operating and free cash flows indicate weak cash conversion and potential liquidity pressure. Persistent negative cash generation can force external financing, constrain working capital funding for distribution, and limit organic reinvestment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & Margins
Consistently high gross and operating margins alongside mid-single-digit revenue growth indicate durable pricing power and operational efficiency in surface materials. These margins provide a buffer against input cost swings and support reinvestment in distribution and product assortment over the medium term.
Read all positive factors
MS International (MSI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£217.61M
Dividend Yield1.55%
Average Volume (3M)20.48K
Price to Earnings (P/E)10.7
Beta (1Y)0.83
Revenue Growth7.23%
EPS Growth26.46%
CountryUK
Employees455
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)0.39
Shares Outstanding16,429,222
10 Day Avg. Volume21,414
30 Day Avg. Volume20,479
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)2.65
Price to Sales (P/S)1.38
P/FCF Ratio-23.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MS International Business Overview & Revenue Model
Company Description
MS INTERNATIONAL plc, together with its subsidiaries, designs, manufactures, sells, and services specialist engineering products in the United Kingdom, Europe, the Americas, and internationally. The company operates through Defence, Forgings, Petr...
How the Company Makes Money
MSI makes money primarily by purchasing surface materials (e.g., natural stone, porcelain/ceramic tile, quartz/engineered stone, and other flooring/countertop products) from domestic and international manufacturers and quarries, then selling and d...
MS International Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Apr 2024 | Apr 2023 | Apr 2023 | Apr 2021 | Apr 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 118.60M | 117.50M | 109.58M | 83.96M | 74.52M | 61.54M |
| Gross Profit | 41.84M | 40.00M | 33.87M | 23.40M | 20.40M | 17.32M |
| EBITDA | 22.47M | 22.68M | 18.02M | 7.53M | 8.04M | 3.56M |
| Net Income | 14.36M | 14.53M | 11.50M | 4.12M | 4.93M | 1.18M |
Balance Sheet | ||||||
| Total Assets | 130.96M | 134.14M | 128.72M | 79.31M | 80.59M | 74.39M |
| Cash, Cash Equivalents and Short-Term Investments | 35.73M | 23.75M | 35.51M | 15.25M | 19.25M | 23.55M |
| Total Debt | 229.00K | 414.00K | 804.00K | 1.21M | 1.51M | 545.00K |
| Total Liabilities | 66.19M | 72.95M | 77.92M | 38.24M | 42.02M | 43.36M |
| Stockholders Equity | 64.77M | 61.19M | 50.80M | 41.08M | 38.58M | 31.04M |
Cash Flow | ||||||
| Free Cash Flow | 7.70M | -7.00M | 31.70M | -2.37M | -2.86M | 9.00M |
| Operating Cash Flow | 11.52M | -3.25M | 36.60M | -397.00K | -99.00K | 9.79M |
| Investing Cash Flow | -829.00K | -338.00K | -8.98M | -1.73M | -2.53M | -773.00K |
| Financing Cash Flow | -3.85M | -8.03M | -4.38M | -1.94M | -1.72M | -1.54M |
MS International Technical Analysis
Positive
1550.00
Price Trends
1301.20
Positive
1372.11
Negative
1347.94
Negative
Market Momentum
-5.25
Negative
53.54
Neutral
70.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MSI, the sentiment is Positive. The current price of 1550 is above the 20-day moving average (MA) of 1294.75, above the 50-day MA of 1301.20, and above the 200-day MA of 1347.94, indicating a neutral trend. The MACD of -5.25 indicates Negative momentum. The RSI at 53.54 is Neutral, neither overbought nor oversold. The STOCH value of 70.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:MSI.
MS International Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £126.19M | 10.13 | 20.23% | 3.00% | 16.79% | 26.31% | |
64 Neutral | £217.61M | 10.72 | 22.79% | 1.55% | 7.23% | 26.46% | |
64 Neutral | £946.67M | 5.69 | 19.28% | 3.66% | 3.45% | 43.01% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | £239.71M | 29.89 | 4.06% | 1.52% | 15.22% | 1.23% | |
51 Neutral | £30.67M | -3.94 | -7.20% | 0.39% | -5.19% | 11.73% | |
46 Neutral | £56.17M | -3.34 | -24.67% | 12.88% | -14.31% | -361.93% |
* Industrials Sector Average
GB:MSI
MS International
1,325.00
443.47
50.31%
GB:FIH
FIH Group plc
245.00
101.24
70.43%
GB:FGP
Firstgroup
174.30
23.67
15.72%
GB:FRAN
Franchise Brands
124.50
-7.22
-5.48%
GB:RFX
Ramsdens Holdings
390.00
154.33
65.49%
GB:RWA
Robert Walters
85.40
-123.53
-59.12%
MS International Corporate Events
Other
MS International Chair Lifts Stake Through Family Trust Purchase
Positive
Mar 31, 2026
MS International plc has disclosed a director-related share transaction involving its executive chairman, Michael Bell, via a family trust. The move modestly increases Bell’s already significant equity position in the company to just under o...
Business Operations and StrategyRegulatory Filings and Compliance
MS International Chairman Restructures Shareholding Without Changing Stake
Positive
Mar 16, 2026
MS International plc disclosed an internal shareholding reorganisation by executive chairman Michael Bell, who sold 5,298 ordinary shares from his personal holding and simultaneously bought back an equivalent number into his self-invested personal...
Business Operations and StrategyRegulatory Filings and Compliance
MS International updates voting rights after employee option exercise
Neutral
Mar 2, 2026
MS International plc has reported that an employee has exercised 18,333 share options at an exercise price of £1.41 per share, with the shares being satisfied from existing ordinary shares held in treasury rather than through the issue of new...
Regulatory Filings and Compliance
MS International directors shift holdings into tax-efficient accounts without reducing stakes
Neutral
Feb 23, 2026
MS International has disclosed internal share dealings involving managing director Michael O’Connell and his adult son Jamal, a person closely associated under UK Market Abuse Regulation. Both transactions were structured as transfers of exi...
Executive/Board Changes
MS International Grants New Share Options to Finance Director
Positive
Feb 2, 2026
MS International plc has granted 20,000 share options to its Finance Director, Shelley Ashcroft, under the Company Share Option Plan at an exercise price of £12.85, with vesting scheduled in equal tranches on the third, fourth and fifth anniv...
Other
MS International Updates Share Option Exercises and Director Dealings
Neutral
Jan 19, 2026
MS International has reported the exercise of 5,484 employee share options, which were fully met from existing treasury shares, leaving the group with an issued share capital of 17,841,073 ordinary shares, of which 1,430,183 are held in treasury a...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
MS International Refocuses on Defence as Interim Profits Hold Steady and Cash Grows
Positive
Jan 14, 2026
MS International reported broadly flat interim results for the half year to 31 October 2025, with profit before tax of £8.47m on revenue of £55.81m, a slight dip year-on-year, though like-for-like profit excluding derivative impacts rose...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A Transactions
MS International Posts Robust Interims as Defence Focus and Forecourt Integration Drive Strategic Shift
Positive
Jan 14, 2026
MS International reported broadly flat interim results for the half year to 31 October 2025, with revenue edging up to £55.81m from £54.72m and profit before tax dipping slightly to £8.47m, though underlying profit excluding derivat...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.