We assign a fundamental rating of 6 out of 10 to MIND. MIND was compared to 61 industry peers in the Energy Equipment & Services industry. While MIND has a great health rating, its profitability is only average at the moment. MIND has a correct valuation and a medium growth rate.

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

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.

1.2 Ratios

MIND has a better Return On Assets (6.46%) than 80.33% of its industry peers.
The Return On Equity of MIND (7.66%) is better than 63.93% of its industry peers.
Looking at the Return On Invested Capital, with a value of 10.84%, MIND belongs to the top of the industry, outperforming 83.61% of the companies in the same industry.

		Industry Rank	Sector Rank
ROA	6.46%
ROE	7.66%
ROIC	10.84%

ROA(3y)-0.28%

ROA(5y)-20.1%

ROE(3y)-1.89%

ROE(5y)-27.88%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

Looking at the Profit Margin, with a value of 6.62%, MIND is in the better half of the industry, outperforming 67.21% of the companies in the same industry.
MIND has a Operating Margin of 12.04%. This is in the better half of the industry: MIND outperforms 65.57% of its industry peers.
MIND has a better Gross Margin (45.94%) than 85.25% of its industry peers.
MIND's Gross Margin has been stable in the last couple of years.

		Industry Rank	Sector Rank
OM	12.04%
PM (TTM)	6.62%
GM	45.94%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y19.87%

GM growth 5Y0.57%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MIND is still creating some 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.
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

An Altman-Z score of 5.13 indicates that MIND is not in any danger for bankruptcy at the moment.
MIND has a Altman-Z score of 5.13. This is amongst the best in the industry. MIND outperforms 93.44% 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	0
Altman-Z	5.13

ROIC/WACC1.22

WACC8.88%

2.3 Liquidity

MIND has a Current Ratio of 6.28. This indicates that MIND is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 6.28, MIND belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
A Quick Ratio of 4.56 indicates that MIND has no problem at all paying its short term obligations.
MIND's Quick ratio of 4.56 is amongst the best of the industry. MIND outperforms 98.36% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	6.28
Quick Ratio	4.56

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

MIND shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.32%.
MIND shows a small growth in Revenue. In the last year, the Revenue has grown by 2.21%.
Measured over the past years, MIND shows a quite strong growth in Revenue. The Revenue has been growing by 9.40% on average per year.

EPS 1Y (TTM)-7.32%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-94.12%

Revenue 1Y (TTM)2.21%

Revenue growth 3Y26.59%

Revenue growth 5Y9.4%

Sales Q2Q%-19.97%

3.2 Future

The Earnings Per Share is expected to grow by 42.83% on average over the next years. This is a very strong growth
Based on estimates for the next years, MIND will show a small growth in Revenue. The Revenue will grow by 6.04% on average per year.

EPS Next Y57.94%

EPS Next 2Y42.83%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year4.05%

Revenue Next 2Y6.04%

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 23.03, the valuation of MIND can be described as rather expensive.
Based on the Price/Earnings ratio, MIND is valued a bit cheaper than the industry average as 62.30% of the companies are valued more expensively.
MIND is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.30, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 13.84, which indicates a correct valuation of MIND.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MIND indicates a rather cheap valuation: MIND is cheaper than 88.52% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 25.57. MIND is valued slightly cheaper when compared to this.

		Industry Rank	Sector Rank
PE	23.03
Fwd PE	13.84

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as MIND.
72.13% of the companies in the same industry are more expensive than MIND, based on the Price/Free Cash Flow ratio.

		Industry Rank	Sector Rank
P/FCF	13.61
EV/EBITDA	8.55

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.
A more expensive valuation may be justified as MIND's earnings are expected to grow with 42.83% in the coming years.