Mesa Laboratories, Inc.

MLAB · Technology · Scientific & Technical Instruments · Valued as of 2026-11-04 · Statements 2026-03-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

-102.58M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

188.95M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

182.00M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

89.45M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

720.68M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.12×

the ratio the screener ranks by

Margin of Safety

-705.6%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: -102.58M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)12.34M USD
−②Net Debt Today114.92M USD
+③Growth Value0 USD
=Value-102.58M USD

EPV of the Operations (NOPAT over WACC)

12.34M USD

Net debt today

-114.92M USD

Growth Value

0 USD

Value

-102.58M USD

①EPV (Earnings Power Value)

12.34M USD

②Net Debt Today

114.92M USD

③Growth Value

0 USD

Market value

Market Cap720.68M USD

The price on the date above times the shares.

Value vs market

Margin of Safety—

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 188.95M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.

The projection was not made (a profit at or below zero in the latest three years), so the value is the book value today, 188.95M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFE

Not in the value

②Equity at Year 15, Today

Not in the value

Market value

Market Cap720.68M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-281.4%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 182.00M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF277.14M USD
+②Invested Capital at Year 15, Today19.78M USD
−③Net Debt Today114.92M USD
=Value182.00M USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROIC on new investment rising to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

277.14M USD

②Invested Capital at Year 15, Today

19.78M USD

③Net Debt Today

114.92M USD

Market value

Market Cap720.68M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-296.0%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 9.69%
Cost of Equity =Risk-Free Rate 4.50%+Beta 1.05×Market Risk Premium 6.00%= 10.82%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 5.31M USDPretax Income 12.03M USD= 44.13%

The tax the interest saves.

Interest Expense =EBIT 22.73M USD−Pretax Income 12.03M USD= 10.70M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 10.70M USDTotal Debt 145.64M USD×(1 − Tax Rate for WACC 44.13%)= 4.11%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 145.64M USDMarket Cap + Total Debt 720.68M USD + 145.64M USD= 16.81%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 83.19%×Cost of Equity 10.82%+Debt Weight 16.81%×Cost of Debt 4.11%= 9.69%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 419.64M USD − Total Liabilities 230.69M USD = Book Value Today 188.95M USD

Total Debt 145.64M USD − Cash and Short-Term Investments 30.73M USD = Net Debt Today 114.92M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 13.7%at most 5%passes5,595,780 / 5,394,491
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets8.6%at least -10.0%passes(42.87M USD − 6.72M USD) ÷ 419.64M USD
Price to bookMarket Cap ÷ Book Value Today3.81×at most 3×does not pass720.68M USD ÷ 188.95M USD
Operating marginOperating Income ÷ Revenue7.4%above 10.0%does not pass18.53M USD ÷ 249.38M USD
Revenue growthRevenue ÷ Revenue a Year Before − 13.4%above 10.0%does not pass249.38M USD / 241.22M USD
Net cash(Cash − Total Debt) ÷ Market Cap-15.9%above -30%passes(30.73M USD − 145.64M USD) ÷ 720.68M USD
Operating efficiencyOperating Income ÷ Gross Profit11.7%above 25.0%does not pass18.53M USD ÷ 158.43M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

128.79 USD

Enterprise value

849.93M USD

the provider's own figure

EV / EBITDA

18.69×

Price / book

3.81×

the provider's book

Price / earnings

151.36×

Return on equity

2.7%

the provider's figure, not this page's

Profit margin

1.9%

Revenue growth

1.0%

Analyst target, mean

125.12 USD

Analysts

1

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

Income statement (USD)2023202420252026

Revenue

219.30M216.40M241.22M249.38M

Gross profit

133.83M133.38M151.02M158.43M

Operating income

3.32M2.46M16.35M18.53M

EBITDA

operating income before depreciation and amortisation

37.55M-238.62M42.39M46.02M

Pretax income

-389.39K-275.92M5.97M12.03M

Net income

930.93K-254.50M-1.98M6.72M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

930.93K-1.03M-4.13M6.72M

R&D

20.51M19.32M19.54M20.33M
Balance sheet, year end (USD)2023202420252026

Total assets

662.49M447.24M433.78M428.17M

Total liabilities

268.62M301.70M273.79M241.74M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

393.87M145.54M159.99M186.43M

Total debt

186.33M224.91M181.65M155.32M

Cash and equivalents

32.94M28.24M27.35M26.95M

Net PP&E

fixed assets after depreciation

28.18M31.80M32.37M30.64M

Working capital

current assets less current liabilities

75.69M65.11M-61.34M44.41M
Cash flow (USD)2023202420252026

Operating cash flow

28.01M44.18M46.85M42.87M

Capital expenditure

paid out, so below zero

-4.55M-2.57M-4.50M-3.25M

Depreciation and amortisation

33.17M31.61M24.55M23.29M

Free cash flow

operating cash flow plus capital expenditure

23.46M41.61M42.35M39.62M