MIND TECHNOLOGY INC (MIND) Stock Fundamental Analysis
NASDAQ:MIND - Nasdaq - US6025663096 - Common Stock - Currency: USD
MIND gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 59 industry peers in the Energy Equipment & Services industry. MIND has an excellent financial health rating, but there are some minor concerns on its profitability. MIND has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
MIND had positive 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 44.48%. This is amongst the best in the industry. MIND outperforms 100.00% of its industry peers.
MIND's Return On Equity of 63.71% is amongst the best of the industry. MIND outperforms 98.28% of its industry peers.
MIND's Return On Invested Capital of 19.26% is amongst the best of the industry. MIND outperforms 98.28% of its industry peers.
| 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
Looking at the Profit Margin, with a value of 35.53%, MIND belongs to the top of the industry, outperforming 98.28% of the companies in the same industry.
With a decent Operating Margin value of 14.06%, MIND is doing good in the industry, outperforming 70.69% of the companies in the same industry.
MIND has a better Gross Margin (45.71%) 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%
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.
Compared to 1 year ago, MIND has more shares outstanding
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 2.65. This is not the best score and indicates that MIND is in the grey zone with still only limited risk for bankruptcy at the moment.
MIND has a better Altman-Z score (2.65) than 70.69% 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 | 2.65 |
ROIC/WACC2.08
WACC9.26%
2.3 Liquidity
MIND has a Current Ratio of 3.12. This indicates that MIND is financially healthy and has no problem in meeting its short term obligations.
MIND has a Current ratio of 3.12. This is amongst the best in the industry. MIND outperforms 81.03% of its industry peers.
MIND has a Quick Ratio of 1.40. This is a normal value and indicates that MIND is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.40, MIND is not doing good in the industry: 60.34% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.12 | ||
| Quick Ratio | 1.4 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 108.38% over the past year.
The Revenue has grown by 16.72% in the past year. This is quite good.
MIND shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.17% yearly.
EPS 1Y (TTM)108.38%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%108.99%
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
Based on estimates for the next years, MIND will show a quite strong growth in Revenue. The Revenue will grow by 10.38% on average per year.
EPS Next Y113.47%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 24.41, MIND is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of MIND is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 29.62. MIND is around the same levels.
The Price/Forward Earnings ratio is 12.75, which indicates a correct valuation of MIND.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MIND is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 22.70. MIND is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.41 | ||
| Fwd PE | 12.75 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MIND indicates a slightly more expensive valuation: MIND is more expensive than 79.31% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.36 |
4.3 Compensation for Growth
MIND's 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)0.22
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 |
10.01
-0.67 (-6.27%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners19.21%
Inst Owner Change-56.63%
Ins Owners2.11%
Ins Owner Change0%
Market Cap79.78M
Analysts85.71
Price Target8.16 (-18.48%)
Short Float %1.54%
Short Ratio0.27
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)1
Avg EPS beat(2)-305.5%
Min EPS beat(2)-639.22%
Max EPS beat(2)28.21%
EPS beat(4)1
Avg EPS beat(4)-184.88%
Min EPS beat(4)-639.22%
Max EPS beat(4)28.21%
EPS beat(8)2
Avg EPS beat(8)-202.02%
EPS beat(12)3
Avg EPS beat(12)-150.92%
EPS beat(16)4
Avg EPS beat(16)-135.24%
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)0%
PT rev (3m)33.33%
EPS NQ rev (1m)5.88%
EPS NQ rev (3m)N/A
EPS NY rev (1m)7.69%
EPS NY rev (3m)7.69%
Revenue NQ rev (1m)6.09%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)6.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.41 | ||
| Fwd PE | 12.75 | ||
| P/S | 1.77 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 3.16 | ||
| P/tB | 3.5 | ||
| EV/EBITDA | 10.36 |
EPS(TTM)0.41
EY4.1%
EPS(NY)0.79
Fwd EY7.85%
FCF(TTM)-0.13
FCFYN/A
OCF(TTM)-0.09
OCFYN/A
SpS5.67
BVpS3.16
TBVpS2.86
PEG (NY)0.22
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 | 2.65 |
F-Score5
WACC9.26%
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)108.38%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%108.99%
EPS Next Y113.47%
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