MIND TECHNOLOGY INC(NASDAQ:MIND) stock Fundamental Analysis

Fundamental Rating

MIND gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 58 industry peers in the Energy Equipment & Services industry. Both the profitability and the financial health of MIND get a neutral evaluation. Nothing too spectacular is happening here. MIND has a decent growth rate and is not valued too expensively.

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1. Profitability

1.1 Basic Checks

MIND had negative earnings in the past year.

MIND had a negative operating cash flow in the past year.

In the past 5 years MIND always reported negative net income.

MIND had a negative operating cash flow in each of the past 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of 44.48%, MIND belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.

Looking at the Return On Equity, with a value of 63.71%, MIND belongs to the top of the industry, outperforming 98.28% of the companies in the same industry.

With an excellent Return On Invested Capital value of 19.26%, MIND belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.

		Industry Rank	Sector Rank
ROA	44.48%
ROE	63.71%
ROIC	19.26%

ROA(3y)-30.55%

ROA(5y)-34.26%

ROE(3y)-43.16%

ROE(5y)-46.34%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

MIND has a Profit Margin of 35.53%. This is amongst the best in the industry. MIND outperforms 98.28% of its industry peers.

Looking at the Operating Margin, with a value of 14.06%, MIND is in the better half of the industry, outperforming 72.41% of the companies in the same industry.

The Gross Margin of MIND (45.71%) is better than 87.93% of its industry peers.

In the last couple of years the Gross Margin of MIND has grown nicely.

		Industry Rank	Sector Rank
OM	14.06%
PM (TTM)	35.53%
GM	45.71%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y8.3%

GM growth 5Y9.91%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MIND is creating value.

MIND has more shares outstanding than it did 1 year ago.

Compared to 5 years ago, MIND has more shares outstanding

MIND has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

2.2 Solvency

MIND has an Altman-Z score of 1.72. This is a bad value and indicates that MIND is not financially healthy and even has some risk of bankruptcy.

MIND's Altman-Z score of 1.72 is on the low side compared to the rest of the industry. MIND is outperformed by 63.79% of its industry peers.

MIND has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF	N/A
Altman-Z	1.72

ROIC/WACC2.08

WACC9.25%

2.3 Liquidity

A Current Ratio of 3.12 indicates that MIND has no problem at all paying its short term obligations.

MIND's Current ratio of 3.12 is fine compared to the rest of the industry. MIND outperforms 79.31% of its industry peers.

A Quick Ratio of 1.40 indicates that MIND should not have too much problems paying its short term obligations.

MIND's Quick ratio of 1.40 is on the low side compared to the rest of the industry. MIND is outperformed by 62.07% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	3.12
Quick Ratio	1.4

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

MIND shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 47.00%, which is quite impressive.

MIND shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.72%.

Measured over the past years, MIND shows a decrease in Revenue. The Revenue has been decreasing by -3.17% on average per year.

EPS 1Y (TTM)47%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%1203.88%

Revenue 1Y (TTM)16.72%

Revenue growth 3Y19.86%

Revenue growth 5Y-3.17%

Sales Q2Q%143.37%

3.2 Future

The Earnings Per Share is expected to grow by 47.83% on average over the next years. This is a very strong growth

The Revenue is expected to grow by 10.38% on average over the next years. This is quite good.

EPS Next Y112.51%

EPS Next 2Y47.83%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year10.57%

Revenue Next 2Y10.38%

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

MIND reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.

A Price/Forward Earnings ratio of 10.06 indicates a reasonable valuation of MIND.

Based on the Price/Forward Earnings ratio, MIND is valued cheaper than 82.76% of the companies in the same industry.

When comparing the Price/Forward Earnings ratio of MIND to the average of the S&P500 Index (24.44), we can say MIND is valued rather cheaply.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	10.06

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MIND is on the same level as its industry peers.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	8.07

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.

MIND's earnings are expected to grow with 47.83% in the coming years. This may justify a more expensive valuation.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y47.83%

EPS Next 3YN/A

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5. Dividend

5.1 Amount

No dividends for MIND!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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MIND TECHNOLOGY INC

NASDAQ:MIND (1/21/2025, 8:14:18 PM)

Premarket: 8.11 +0.21 (+2.66%)

7.9

+0.43 (+5.76%)

Chartmill FA Rating

GICS SectorEnergy

GICS IndustryGroupEnergy

GICS IndustryEnergy Equipment & Services

Earnings (Last)12-11 2024-12-11/amc

Earnings (Next)N/A N/A

Inst Owners1.8%

Inst Owner Change-8.09%

Ins Owners1.01%

Ins Owner Change0%

Market Cap62.96M

Analysts85.71

Price Target8.16 (3.29%)

Short Float %0.88%

Short Ratio0.22

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

Yearly Dividend0.67

Dividend Growth(5Y)-13.9%

DP5.89%

Div Incr Years0

Div Non Decr Years0

Ex-DateN/A

Surprises & Revisions

EPS beat(2)N/A

Avg EPS beat(2)N/A

Min EPS beat(2)N/A

Max EPS beat(2)N/A

EPS beat(4)N/A

Avg EPS beat(4)N/A

Min EPS beat(4)N/A

Max EPS beat(4)N/A

EPS beat(8)N/A

Avg EPS beat(8)N/A

EPS beat(12)N/A

Avg EPS beat(12)N/A

EPS beat(16)N/A

Avg EPS beat(16)N/A

Revenue beat(2)1

Avg Revenue beat(2)3.65%

Min Revenue beat(2)-8.47%

Max Revenue beat(2)15.78%

Revenue beat(4)1

Avg Revenue beat(4)-4.2%

Min Revenue beat(4)-21.26%

Max Revenue beat(4)15.78%

Revenue beat(8)3

Avg Revenue beat(8)-9.17%

Revenue beat(12)5

Avg Revenue beat(12)-12.21%

Revenue beat(16)7

Avg Revenue beat(16)-9.32%

PT rev (1m)33.33%

PT rev (3m)33.33%

EPS NQ rev (1m)0%

EPS NQ rev (3m)N/A

EPS NY rev (1m)0%

EPS NY rev (3m)-28.77%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)N/A

Revenue NY rev (1m)0%

Revenue NY rev (3m)6.16%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	10.06
P/S	1.39
P/FCF	N/A
P/OCF	N/A
P/B	2.5
P/tB	2.76
EV/EBITDA	8.07

EPS(TTM)-4.24

EYN/A

EPS(NY)0.79

Fwd EY9.94%

FCF(TTM)-0.13

FCFYN/A

OCF(TTM)-0.09

OCFYN/A

SpS5.67

BVpS3.16

TBVpS2.86

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	44.48%
ROE	63.71%
ROCE	24.37%
ROIC	19.26%
ROICexc	22.25%
ROICexgc	24.92%
OM	14.06%
PM (TTM)	35.53%
GM	45.71%
FCFM	N/A

ROA(3y)-30.55%

ROA(5y)-34.26%

ROE(3y)-43.16%

ROE(5y)-46.34%

ROIC(3y)N/A

ROIC(5y)N/A

ROICexc(3y)N/A

ROICexc(5y)N/A

ROICexgc(3y)N/A

ROICexgc(5y)N/A

ROCE(3y)N/A

ROCE(5y)N/A

ROICexcg growth 3YN/A

ROICexcg growth 5YN/A

ROICexc growth 3YN/A

ROICexc growth 5YN/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y8.3%

GM growth 5Y9.91%

F-Score5

Asset Turnover1.25

Health

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF	N/A
Debt/EBITDA	0
Cap/Depr	25.25%
Cap/Sales	0.56%
Interest Coverage	109.57
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	3.12
Quick Ratio	1.4
Altman-Z	1.72

F-Score5

WACC9.25%

ROIC/WACC2.08

Cap/Depr(3y)27.87%

Cap/Depr(5y)29.46%

Cap/Sales(3y)1.96%

Cap/Sales(5y)4.38%

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)47%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%1203.88%

EPS Next Y112.51%

EPS Next 2Y47.83%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)16.72%

Revenue growth 3Y19.86%

Revenue growth 5Y-3.17%

Sales Q2Q%143.37%

Revenue Next Year10.57%

Revenue Next 2Y10.38%

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1Y316.67%

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next Year7895.99%

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y89.27%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y90.8%

OCF growth 3YN/A

OCF growth 5YN/A

MIND TECHNOLOGY INC (MIND) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

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2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

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3. Growth

3.1 Past

3.2 Future

3.3 Evolution

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4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

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