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MIND TECHNOLOGY INC (MIND) Stock Fundamental Analysis

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

6.22  +0.04 (+0.65%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to MIND. MIND was compared to 63 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 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

MIND had positive earnings in the past year.
In the past year MIND had a positive cash flow from operations.
In the past 5 years MIND reported 4 times negative net income.
MIND had negative operating cash flow in 4 of the past 5 years.
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 2025 0 20M -20M

1.2 Ratios

With an excellent Return On Assets value of 47.94%, MIND belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
The Return On Equity of MIND (64.40%) is better than 100.00% of its industry peers.
MIND has a better Return On Invested Capital (19.19%) than 96.83% of its industry peers.
Industry RankSector Rank
ROA 47.94%
ROE 64.4%
ROIC 19.19%
ROA(3y)-0.28%
ROA(5y)-20.1%
ROE(3y)-1.89%
ROE(5y)-27.88%
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 2025 0 20 -20 40 -40 60 -60

1.3 Margins

With an excellent Profit Margin value of 37.56%, MIND belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
The Operating Margin of MIND (14.55%) is better than 71.43% of its industry peers.
The Gross Margin of MIND (44.74%) is better than 87.30% of its industry peers.
MIND's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 14.55%
PM (TTM) 37.56%
GM 44.74%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y19.87%
GM growth 5Y0.57%
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 2025 0 -50 -100

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7

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.
MIND has more shares outstanding than it did 1 year ago.
The number of shares outstanding for MIND has been increased compared to 5 years ago.
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 2025 2M 4M 6M
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 2025 50M 100M 150M

2.2 Solvency

Based on the Altman-Z score of 1.67, we must say that MIND is in the distress zone and has some risk of bankruptcy.
MIND has a Altman-Z score (1.67) which is in line with 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 0
Altman-Z 1.67
ROIC/WACC2.12
WACC9.05%
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 2025 0 50M 100M

2.3 Liquidity

MIND has a Current Ratio of 3.71. This indicates that MIND is financially healthy and has no problem in meeting its short term obligations.
MIND's Current ratio of 3.71 is amongst the best of the industry. MIND outperforms 87.30% of its industry peers.
A Quick Ratio of 2.12 indicates that MIND has no problem at all paying its short term obligations.
MIND's Quick ratio of 2.12 is amongst the best of the industry. MIND outperforms 80.95% of its industry peers.
Industry RankSector Rank
Current Ratio 3.71
Quick Ratio 2.12
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 2025 10M 20M 30M 40M 50M

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3

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.
The Revenue has grown by 18.07% in the past year. This is quite good.
The Revenue has been growing by 9.40% on average over the past years. This is quite good.
EPS 1Y (TTM)107.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-28.57%
Revenue 1Y (TTM)18.07%
Revenue growth 3Y26.59%
Revenue growth 5Y9.4%
Sales Q2Q%12.45%

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 Year11.98%
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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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 20.06 indicates a rather expensive valuation of MIND.
The rest of the industry has a similar Price/Earnings ratio as MIND.
Compared to an average S&P500 Price/Earnings ratio of 26.57, MIND is valued a bit cheaper.
With a Price/Forward Earnings ratio of 7.92, the valuation of MIND can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MIND indicates a rather cheap valuation: MIND is cheaper than 87.30% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.41, MIND is valued rather cheaply.
Industry RankSector Rank
PE 20.06
Fwd PE 7.92
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 is on the same level as the industry average.
66.67% of the companies in the same industry are cheaper than MIND, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 231.65
EV/EBITDA 5.66
MIND Per share dataMIND EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

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.
PEG (NY)0.13
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for MIND!.
Industry RankSector Rank
Dividend Yield N/A

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MIND TECHNOLOGY INC

NASDAQ:MIND (6/16/2025, 8:00:01 PM)

6.22

+0.04 (+0.65%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)06-09 2025-06-09
Earnings (Next)09-09 2025-09-09
Inst Owners33.6%
Inst Owner Change94.24%
Ins Owners2.11%
Ins Owner Change0%
Market Cap49.57M
Analysts85.71
Price Target8.16 (31.19%)
Short Float %2.04%
Short Ratio0.97
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)32.19%
Min EPS beat(2)28.21%
Max EPS beat(2)36.17%
EPS beat(4)2
Avg EPS beat(4)-168.71%
Min EPS beat(4)-639.22%
Max EPS beat(4)36.17%
EPS beat(8)2
Avg EPS beat(8)-197.74%
EPS beat(12)4
Avg EPS beat(12)-138.04%
EPS beat(16)5
Avg EPS beat(16)-113.84%
Revenue beat(2)2
Avg Revenue beat(2)18.34%
Min Revenue beat(2)15.78%
Max Revenue beat(2)20.89%
Revenue beat(4)2
Avg Revenue beat(4)1.74%
Min Revenue beat(4)-21.26%
Max Revenue beat(4)20.89%
Revenue beat(8)3
Avg Revenue beat(8)-6.73%
Revenue beat(12)6
Avg Revenue beat(12)-5.79%
Revenue beat(16)8
Avg Revenue beat(16)-6.24%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.63%
Valuation
Industry RankSector Rank
PE 20.06
Fwd PE 7.92
P/S 1.06
P/FCF 231.65
P/OCF 76.15
P/B 1.81
P/tB 1.98
EV/EBITDA 5.66
EPS(TTM)0.31
EY4.98%
EPS(NY)0.79
Fwd EY12.63%
FCF(TTM)0.03
FCFY0.43%
OCF(TTM)0.08
OCFY1.31%
SpS5.88
BVpS3.43
TBVpS3.14
PEG (NY)0.13
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 47.94%
ROE 64.4%
ROCE 24.29%
ROIC 19.19%
ROICexc 23.69%
ROICexgc 26.36%
OM 14.55%
PM (TTM) 37.56%
GM 44.74%
FCFM 0.46%
ROA(3y)-0.28%
ROA(5y)-20.1%
ROE(3y)-1.89%
ROE(5y)-27.88%
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 3Y19.87%
GM growth 5Y0.57%
F-Score7
Asset Turnover1.28
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 46.29%
Cap/Sales 0.93%
Interest Coverage 250
Cash Conversion 8.39%
Profit Quality 1.22%
Current Ratio 3.71
Quick Ratio 2.12
Altman-Z 1.67
F-Score7
WACC9.05%
ROIC/WACC2.12
Cap/Depr(3y)30.78%
Cap/Depr(5y)28.44%
Cap/Sales(3y)1.07%
Cap/Sales(5y)1.9%
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)18.07%
Revenue growth 3Y26.59%
Revenue growth 5Y9.4%
Sales Q2Q%12.45%
Revenue Next Year11.98%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y1830.46%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year56.17%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y104.11%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y113.11%
OCF growth 3YN/A
OCF growth 5YN/A