Added to YB: 2025-10-07
Pitch date: 2025-10-04
MSI.L [neutral]
MS INTERNATIONAL plc
-12.8%
current return
Author Info
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Company Info
MS INTERNATIONAL plc, together with its subsidiaries, engages in the design, manufacture, construction, and servicing various engineering products and structures in the United Kingdom, Europe, the United States of America, Asia, South America, and internationally.
Market Cap
GBP 247.6M
Pitch Price
GBP 14.45
Price Target
N/A
Dividend
1.52%
EV/EBITDA
10.49
P/E
17.36
EV/Sales
1.91
Sector
Aerospace and Defense
Category
value
[MSI] MS International Plc: The Yorkshire Arms Dealer Nobody Knows About
MSI.L (deep dive): Yorkshire defense contractor, 70% rev from naval weapons w/ US Navy lock-in via switching costs. Record £20M profit but -£3.25M cash flow from defense contracting cycles. 37% customer concentration risk, aging 79yr chairman, family controls 33%. Trades 16x P/E vs 20-24x peers despite NATO spending surge to 3.5% GDP.
Read full article (26 min)