MIND TECHNOLOGY INC (MIND)
US6025663096 - Common Stock
Taking everything into account, MIND scores 4 out of 10 in our fundamental rating. MIND was compared to 59 industry peers in the Energy Equipment & Services industry. While MIND seems to be doing ok healthwise, there are quite some concerns on its profitability. MIND is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
MIND had negative earnings in the past year.
In the past year MIND has reported a negative cash flow from operations.
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
MIND has a Return On Assets of -0.07%. This is in the lower half of the industry: MIND underperforms 66.10% of its industry peers.
MIND's Return On Equity of -0.11% is on the low side compared to the rest of the industry. MIND is outperformed by 66.10% of its industry peers.
MIND has a Return On Invested Capital of 9.38%. This is in the better half of the industry: MIND outperforms 71.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.07% | ||
| ROE | -0.11% | ||
| ROIC | 9.38% |
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's Operating Margin of 7.95% is in line compared to the rest of the industry. MIND outperforms 40.68% of its industry peers.
With an excellent Gross Margin value of 45.95%, MIND belongs to the best of the industry, outperforming 86.44% of the companies in the same industry.
MIND's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.95% | ||
| PM (TTM) | N/A | ||
| GM | 45.95% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.3%
GM growth 5Y9.91%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MIND is creating some value.
The number of shares outstanding for MIND has been increased compared to 1 year ago.
Compared to 5 years ago, MIND has more shares outstanding
There is no outstanding debt for MIND. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
Based on the Altman-Z score of -0.20, we must say that MIND is in the distress zone and has some risk of bankruptcy.
MIND has a Altman-Z score of -0.20. This is amonst the worse of the industry: MIND underperforms 89.83% of its industry peers.
There is no outstanding debt for MIND. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.2 |
ROIC/WACC1.04
WACC9.03%
2.3 Liquidity
MIND has a Current Ratio of 2.64. This indicates that MIND is financially healthy and has no problem in meeting its short term obligations.
MIND has a better Current ratio (2.64) than 77.97% of its industry peers.
MIND has a Quick Ratio of 1.10. This is a normal value and indicates that MIND is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.10, MIND is doing worse than 72.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.64 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
MIND shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 72.50%, which is quite impressive.
The Revenue has decreased by -1.46% in the past year.
The Revenue has been decreasing by -3.17% on average over the past years.
EPS 1Y (TTM)72.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%93.89%
Revenue 1Y (TTM)-1.46%
Revenue growth 3Y19.86%
Revenue growth 5Y-3.17%
Sales Q2Q%14.7%
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
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
MIND reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 8.55, the valuation of MIND can be described as very reasonable.
Based on the Price/Forward Earnings ratio, MIND is valued cheaply inside the industry as 88.14% of the companies are valued more expensively.
MIND's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.55 |
4.2 Price Multiples
MIND's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. MIND is more expensive than 89.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.48 |
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.
A more expensive valuation may be justified as MIND's earnings are expected to grow with 47.83% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y47.83%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MIND does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MIND TECHNOLOGY INC
NASDAQ:MIND (12/18/2024, 2:34:09 PM)
6.7151
-0.46 (-6.47%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap53.52M
Analysts
Price Target
Short Float %
Short Ratio
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
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Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.55 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.07% | ||
| ROE | -0.11% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 7.95% | ||
| PM (TTM) | N/A | ||
| GM | 45.95% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.64 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)72.5%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y112.51%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-1.46%
Revenue growth 3Y19.86%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y