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 65 industry peers in the Energy Equipment & Services industry. MIND scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. MIND has a decent growth rate and is not valued too expensively.
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.
MIND had negative earnings in each of the past 5 years.
In the past 5 years MIND always reported negative operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of -14.38%, MIND is doing worse than 90.77% of the companies in the same industry.
With a Return On Equity value of -20.23%, MIND is not doing good in the industry: 87.69% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -14.38% | ||
| ROE | -20.23% | ||
| ROIC | N/A |
ROA(3y)-45.98%
ROA(5y)-38.74%
ROE(3y)-62.76%
ROE(5y)-50.82%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Gross Margin, with a value of 40.27%, MIND is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
MIND's Gross Margin has improved in the last couple of years.
The Profit Margin and Operating Margin are not available for MIND so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 40.27% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.2%
GM growth 5Y24.01%
2. Health
2.1 Basic Checks
MIND does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, MIND has about the same amount of shares outstanding.
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 -3.97, we must say that MIND is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -3.97, MIND is not doing good in the industry: 87.69% of the companies in the same industry are doing better.
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 | -3.97 |
ROIC/WACCN/A
WACC9.34%
2.3 Liquidity
MIND has a Current Ratio of 3.09. This indicates that MIND is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 3.09, MIND belongs to the best of the industry, outperforming 81.54% of the companies in the same industry.
MIND has a Quick Ratio of 1.41. This is a normal value and indicates that MIND is financially healthy and should not expect problems in meeting its short term obligations.
MIND has a Quick ratio (1.41) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.09 | ||
| Quick Ratio | 1.41 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 61.19% over the past year.
Looking at the last year, MIND shows a very strong growth in Revenue. The Revenue has grown by 46.46%.
MIND shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -6.19% yearly.
EPS 1Y (TTM)61.19%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q37%
Revenue 1Y (TTM)46.46%
Revenue growth 3Y5.49%
Revenue growth 5Y-6.19%
Revenue growth Q2Q1.93%
3.2 Future
Based on estimates for the next years, MIND will show a very strong growth in Earnings Per Share. The EPS will grow by 46.73% on average per year.
MIND is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.64% yearly.
EPS Next Y48.74%
EPS Next 2Y46.73%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year14.78%
Revenue Next 2Y17.64%
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.
MIND is valuated cheaply with a Price/Forward Earnings ratio of 3.39.
Based on the Price/Forward Earnings ratio, MIND is valued cheaply inside the industry as 98.46% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 21.35. MIND is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 3.39 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
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 46.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y46.73%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for MIND!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MIND TECHNOLOGY INC
NASDAQ:MIND (4/26/2024, 7:03:44 PM)
After market: 4.35 +0.2 (+4.82%)4.15
+0.05 (+1.22%)
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 Cap6.97M
Analysts
Price Target
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)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 3.39 | ||
| 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 | -14.38% | ||
| ROE | -20.23% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 40.27% | ||
| 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 Turnover1.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.09 | ||
| Quick Ratio | 1.41 | ||
| 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)
Growth
EPS 1Y (TTM)61.19%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y48.74%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)46.46%
Revenue growth 3Y5.49%
Revenue growth 5Y
Revenue growth 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