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MIND TECHNOLOGY INC (MIND) Stock Fundamental Analysis

NASDAQ:MIND - Nasdaq - US6025663096 - Common Stock - Currency: USD

6.85  +0.26 (+3.95%)

After market: 6.89 +0.04 (+0.58%)

Fundamental Rating

4

Overall MIND gets a fundamental rating of 4 out of 10. We evaluated MIND against 62 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 valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year MIND was profitable.
MIND had a negative operating cash flow in the past year.
MIND had negative earnings in each of the past 5 years.
In the past 5 years MIND always reported negative operating cash flow.
MIND Yearly Net Income VS EBIT VS OCF VS FCFMIND Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M

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.
The Return On Equity of MIND (63.71%) is better than 98.39% of its industry peers.
With an excellent Return On Invested Capital value of 19.26%, MIND belongs to the best of the industry, outperforming 96.77% of the companies in the same industry.
Industry RankSector 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
MIND Yearly ROA, ROE, ROICMIND Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60

1.3 Margins

Looking at the Profit Margin, with a value of 35.53%, MIND belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Looking at the Operating Margin, with a value of 14.06%, MIND is in the better half of the industry, outperforming 67.74% of the companies in the same industry.
MIND has a Gross Margin of 45.71%. This is amongst the best in the industry. MIND outperforms 87.10% of its industry peers.
MIND's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
MIND Yearly Profit, Operating, Gross MarginsMIND Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100

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6

2. Health

2.1 Basic Checks

MIND has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
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.
MIND Yearly Shares OutstandingMIND Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500K 1M
MIND Yearly Total Debt VS Total AssetsMIND Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

2.2 Solvency

Based on the Altman-Z score of 1.15, we must say that MIND is in the distress zone and has some risk of bankruptcy.
MIND has a Altman-Z score of 1.15. This is in the lower half of the industry: MIND underperforms 61.29% 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 RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 1.15
ROIC/WACC2.15
WACC8.97%
MIND Yearly LT Debt VS Equity VS FCFMIND Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M

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.
Looking at the Current ratio, with a value of 3.12, MIND belongs to the top of the industry, outperforming 80.65% of the companies in the same industry.
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.
MIND's Quick ratio of 1.40 is on the low side compared to the rest of the industry. MIND is outperformed by 66.13% of its industry peers.
Industry RankSector Rank
Current Ratio 3.12
Quick Ratio 1.4
MIND Yearly Current Assets VS Current LiabilitesMIND Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

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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 107.31%, which is quite impressive.
EPS 1Y (TTM)107.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-28.57%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%12.42%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y153.35%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.18%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
MIND Yearly Revenue VS EstimatesMIND Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M 80M
MIND Yearly EPS VS EstimatesMIND Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 -5 -10 -15 -20

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4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 22.10, the valuation of MIND can be described as rather expensive.
62.90% of the companies in the same industry are cheaper than MIND, based on the Price/Earnings ratio.
MIND is valuated rather cheaply when we compare the Price/Earnings ratio to 28.22, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 8.72, the valuation of MIND can be described as very reasonable.
Based on the Price/Forward Earnings ratio, MIND is valued a bit cheaper than the industry average as 75.81% of the companies are valued more expensively.
MIND is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.86, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 22.1
Fwd PE 8.72
MIND Price Earnings VS Forward Price EarningsMIND Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

MIND's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. MIND is more expensive than 64.52% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 6.66
MIND Per share dataMIND EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4 5

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.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

MIND does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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MIND TECHNOLOGY INC

NASDAQ:MIND (5/2/2025, 8:10:23 PM)

After market: 6.89 +0.04 (+0.58%)

6.85

+0.26 (+3.95%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)04-22 2025-04-22/amc
Earnings (Next)06-09 2025-06-09
Inst Owners19.21%
Inst Owner Change0.55%
Ins Owners2.11%
Ins Owner Change0%
Market Cap54.59M
Analysts85.71
Price Target8.16 (19.12%)
Short Float %2.32%
Short Ratio0.67
Dividend
Industry RankSector 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)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.88%
EPS NY rev (1m)0%
EPS NY rev (3m)7.69%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.09%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 22.1
Fwd PE 8.72
P/S 1.21
P/FCF N/A
P/OCF N/A
P/B 2.17
P/tB 2.4
EV/EBITDA 6.66
EPS(TTM)0.31
EY4.53%
EPS(NY)0.79
Fwd EY11.47%
FCF(TTM)-0.13
FCFYN/A
OCF(TTM)-0.09
OCFYN/A
SpS5.67
BVpS3.16
TBVpS2.86
PEG (NY)0.14
PEG (5Y)N/A
Profitability
Industry RankSector 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 RankSector 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 1.15
F-Score5
WACC8.97%
ROIC/WACC2.15
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)107.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-28.57%
EPS Next Y153.35%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%12.42%
Revenue Next Year10.18%
Revenue Next 2YN/A
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