MIND C.T.I 과거 순이익 실적
과거 기준 점검 1/6
MIND C.T.I의 수입은 연평균 -13%의 비율로 감소해 온 반면, Software 산업은 수입이 연평균 22.5% 증가했습니다. 매출은 연평균 5.3%의 비율로 감소해 왔습니다. MIND C.T.I의 자기자본이익률은 12.6%이고 순이익률은 15.3%입니다.
핵심 정보
-12.95%
순이익 성장률
-13.40%
주당순이익(EPS) 성장률
| Software 산업 성장률 | 17.33% |
| 매출 성장률 | -5.30% |
| 자기자본이익률 | 12.61% |
| 순이익률 | 15.26% |
| 최근 순이익 업데이트 | 31 Mar 2026 |
최근 과거 실적 업데이트
Recent updates
분석 기사 • Mar 26
There May Be Reason For Hope In MIND C.T.I's (NASDAQ:MNDO) Disappointing Earnings
Soft earnings didn't appear to concern MIND C.T.I. Ltd's ( NASDAQ:MNDO ) shareholders over the last week. We did some...분석 기사 • Nov 14
MIND C.T.I's (NASDAQ:MNDO) Returns On Capital Not Reflecting Well On The Business
To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...분석 기사 • Aug 13
Investors Could Be Concerned With MIND C.T.I's (NASDAQ:MNDO) Returns On Capital
NasdaqGM:MNDO 1 Year Share Price vs Fair Value Explore MIND C.T.I's Fair Values from the Community and select yours...분석 기사 • Apr 30
We Discuss Why MIND C.T.I. Ltd's (NASDAQ:MNDO) CEO Compensation May Be Closely Reviewed
Key Insights MIND C.T.I will host its Annual General Meeting on 6th of May Total pay for CEO Eisinger Iancu includes...Seeking Alpha • Sep 29
MIND C.T.I. Is Now More Reasonably Priced But Still Has Risk
Summary MNDO develops CRM software for Tier I and II telecommunication carriers. The company is aware that their main business is in secular decline because of consolidation, and is trying to expand to other segments. In 2019, MNDO made an accretive acquisition into mobile messaging. Since then, the company has searched but not found other suitable acquisitions. Although the company is trading at a substantial discount from historic earnings, the risk of losing business in the long term seems elevated. Until MNDO can reduce the weight of its CRM software segment, it seems like a risky proposition that is not cheap enough. MIND C.T.I. (MNDO) is an Israeli company that develops CRM software for small and medium size telecom carriers. In a previous article from February 2022, I commented that MNDO was aware of the threats on the telcos markets, particularly arising from consolidation. The company is trying to transition into new business segments by acquisition. MNDO made two accretive acquisitions in 2019 and sits on $15 million in cash as of 2Q22. The company regularly declares its intention to acquire another business, but has taken time to do so. In my opinion, this signals conservativeness from the company's management, a desirable characteristic. With significant insider shareholders, there is alignment to do the best for the company. MNDO's revenues have receded a little bit from records in 2021, but have not deviated from what is normal. For the past 10 years, the company has averaged $5.2 million in net income and paid most of that in the form of dividends. Trading at a market cap of $44 million, the company seems cheap. However, in my opinion, the risk of client loss is still there, and therefore the shareholder should ask for a higher return. Note: Unless otherwise stated, all information has been obtained from MNDO's filings with the SEC. Competitive characteristics MNDO sells different CRM solutions to small and medium size telecommunication carriers. These include billing, e-commerce platform, onboarding, customer service, etc. For a small and medium sized carrier (called Tier III and II respectively), purchasing software from MNDO is cheaper and simpler than developing in-house. Albeit it might also be cheaper for a larger carrier, the benefits decrease with scale. The largest problem faced by MNDO is continued consolidation among telecom carriers. Carriers need consolidation because fixed investments are high, and fragmentation leads to rivalry. Also, Tier I carriers (the ones that own country or continent sized networks) have incentives to acquire downstream, to get closer to end customers and appropriate more value. For example, MNDO derives 60% of revenue from European customers. Europe is famous for protecting competition in the telco industry, and for avoiding multinational consolidations. This creates a landscape with small countries with many carriers each, instead of the continent sized carriers in Asia or America. But this situation may change, and it does not depend on MNDO. A Reuters article from February comments on Europe's changing attitude towards consolidation, hoping to attract investments in fiber and 5G. Some companies like Vodafone are trying to test that changing regulatory attitude by engaging in consolidation. The risk is not that MNDO is going to find itself out of business in a short period. The company's business is recurring, with licenses that last more than one year. The problem is that the trend goes towards fewer and fewer clients, that are not replaced by new carriers. In terms of supplies, MNDO hosts its R&D operations in Romania. This is a price conscious decision, comparing an average $800 salary in Romania with an average of $3.5 thousand for Israeli workers. This has probably allowed the company to remain competitive and profitable. In search of new business MNDO's management repeatedly states that the company is looking to acquire a business in other software segments. The company also stands on top of a $15 million cash reserve that it plans to use for this purpose. Data by YCharts While many companies would have rushed to acquire any company at any price just to promote a new business segment, MNDO has taken things calmly. To me, this signals positive characteristics of management, looking to protect the business' long-term prospects rather than pumping the stock based on promises. I think this is related to management's position in the company. In particular, the company's President and CEO, Monica Iancu, is the largest shareholder with 16.5% of shares. That means the company's chief strategist has a lot of skin in the game. This again helps align interests. The above gives me confidence that when and if MNDO acquires another company, it will definitely be beneficial to MNDO's shareholders. As an example, MNDO's acquisition of two mobile messaging solution developers in Germany, in 2019, proved extremely accretive. Purchased for only $3.2 million, the companies are already generating half of MNDO's revenues, and as much as 25% of operating income. More information was provided in my article from February. Recent quarters, calm before a storm? The information published by MNDO since I published my last article on the company has not changed my understanding of the situation. The FY21 20-F annual report showed that the telco CRM segment was not losing steam yet, and that mobile messaging was quickly increasing revenue, reaching half of that year's business. MNDO commented that part of the messaging segment's revenues were non recurring and therefore a decrease should be expected. In 1H22 the situation did not change either. Revenues fell a little bit in 2Q22 against 4Q21 (from $6 to $5.2 million), as net income did (from $1.5 to $1.2 million per quarter) but it is not something that is outside of regular business cycles, as the chart below shows. In fact, MNDO was able to renew contracts and upsell licenses to two important clients in the telecom sector. Data by YCharts But this relative calm should not make the investor forget that the real risk, of slow but almost certain client disappearance in the telco segment, is still there. That risk can only be diminished by regulatory actions against telco carrier consolidation (for example in the Vodafone case in Europe) or by MNDO's growing into different segments. Another risk, mentioned by Donovan Jones in a recent article on MNDO, is the company's exposure to Europe. With the continent's situation showing sign after sign of weakness, one might wonder if MNDO could be affected. My take on this issue is that the messaging business can be negatively affected but that the telco CRM business can actually be favored by a crisis in Europe. Messaging is moved by advertising and customer interaction, this segment can definitely be affected if there is less money to spend on advertising or customers are less active.Seeking Alpha • Sep 06
MIND C.T.I.: Exposed To The Soft Europe Market As Revenues Drop
Summary MIND C.T.I. recently reported its Q2 2022 financial results. The firm provides communications company billing software and related products worldwide. 51% of MNDO's revenue comes from Europe and the global slowdown, which may be especially pronounced there, may hit revenue and net results hard. I'm on Hold for MNDO in the near term. A Quick Take On MIND C.T.I. MIND C.T.I. Ltd (MNDO) reported its Q2 2022 financial results on August 11, 2022, with decreasing revenue and reduced net income. The company provides a range of billing and customer care software for telecommunications service providers worldwide. Since management has communicated little of its intentions, other than to pursue M&A opportunities, it is difficult to develop a bullish case for this contracting-revenue company. I'm on Hold for MNDO for the near term. MIND C.T.I. Overview Yoqneam, Israel-based MIND C.T.I. was founded in 1995 to develop software support systems for telecommunications providers of all types. The firm is headed by founder and Chief Executive Officer Monica Iancu, who was previously Chairperson of the Board until 2012 and is a graduate of Technion - Israel Institute of Technology. The company's primary offerings include: Billing Customer care Workflow engine Point of sale Unified communications analytics Call accounting Managed services The firm acquires customers via its direct sales and market teams and targets all types of communications services providers, including wireline, wireless, cable, IP services and Quad-play carriers. In the first six months of 2022, MNDO's customers in Europe accounted for 51% of revenue and customers from the Americas produced 43% of revenue. MIND C.T.I.'s Market & Competition According to a recent market research report by Market Research Future, the global market for telecom billing and revenue management is expected to reach $19.7 billion by 2027. This represents a forecast CAGR of 11.0% from 2022 to 2027. The main drivers for this expected growth are increased demand for revenue assurance, fraud management and partner & interconnect management requirements. Also, North America is expected to produce the greatest demand through 2027, followed by the European market, the Asia Pacific region and the MENA/South America combined regions. Major competitive or other industry participants include: Netcracker CSG Systems International Inc. Oracle Telefonaktiebolaget LM Ericsson Huawei Technologies Co. Ltd. SAP SE Comarch SA Sterlite Technologies Limited Emida Commerx MIND C.T.I.'s Recent Financial Performance Over the past several quarters, total revenue by quarter has dropped per the chart below: 5 Quarter Total Revenue (Seeking Alpha) Gross profit by quarter has also fallen materially in the past five quarters: 5 Quarter Gross Profit (Seeking Alpha) Selling, G&A expenses as a percentage of total revenue by quarter have varied as the chart shows here: 5 Quarter Selling, G&A % Of Revenue (Seeking Alpha) Operating income by quarter has dropped in recent reporting periods: 5 Quarter Operating Income (Seeking Alpha) Earnings per share (Diluted) have remained relatively flat to slightly down in recent quarters: 5 Quarter Earnings Per Share (Seeking Alpha) (All data in above charts is GAAP) In the past 12 months, MNDO's stock price has fallen 27.8% vs. the U.S. S&P 500 index' drop of around 13.4%, as the chart below indicates: 52 Week Stock Price (Seeking Alpha) Valuation And Other Metrics For MIND C.T.I. Below is a table of relevant capitalization and valuation figures for the company: Measure [TTM] Amount Enterprise Value / Sales 1.40 Revenue Growth Rate -4.8% Net Income Margin 23.8% GAAP EBITDA % 27.1% Market Capitalization $47,350,000 Enterprise Value $33,450,000 Operating Cash Flow $5,180,000 Earnings Per Share (Fully Diluted) $0.27 (Source - Seeking Alpha) As a reference, a relevant partial public comparable would be CSG Systems International (CSGS); shown below is a comparison of their primary valuation metrics: Metric CSG Systems Int'l Mind C.T.I. Variance Net Income Margin 4.2% 23.75% 464.1% Revenue Growth Rate 5.1% 27.1% 427.3% Operating Cash Flow $84,730,000 $5,180,000 -93.9% Enterprise Value / Sales 2.0 1.4 -28.6% (Source - Seeking Alpha) A full comparison of the two companies' performance metrics may be viewed here. The Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory. MNDO's most recent GAAP Rule of 40 calculation was 22.3% as of Q2 2022, so the firm needs some improvement in this regard, per the table below: Rule of 40 - GAAP Calculation Recent Rev. Growth % -4.8% GAAP EBITDA % 27.1% Total 22.3% (Source - Seeking Alpha) Commentary On MIND C.T.I. In its last earnings announcement (Source - Seeking Alpha), covering Q2 2022's results, management noted the significant revenue decrease was in line with expectations, as the previous growth in its messaging segment in 2021 was 'temporary in nature.'Seeking Alpha • Aug 11
MIND C.T.I GAAP EPS of $0.06, revenue of $5.2M
MIND C.T.I press release (NASDAQ:MNDO): Q2 GAAP EPS of $0.06. Revenue of $5.2M (-27.8% Y/Y).분석 기사 • Jun 07
Many Would Be Envious Of MIND C.T.I's (NASDAQ:MNDO) Excellent Returns On Capital
What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...분석 기사 • Mar 18
MIND C.T.I's (NASDAQ:MNDO) Dividend Will Be US$0.26
MIND C.T.I. Ltd ( NASDAQ:MNDO ) will pay a dividend of US$0.26 on the 6th of April. This makes the dividend yield 8.7...Seeking Alpha • Feb 09
MIND C.T.I. Is Too Risky While Doing A Significant Turnaround
MNDO is an Israeli company that specializes in providing customer service and billing platforms to small and medium size telecommunication carriers globally. Changes in the telecommunications providers markets are rapidly eroding MNDO's revenues in the segment. In 2019 MNDO did a great acquisition of two German companies specialized in enterprise mobile messaging. Although the mobile messaging segment is showing double digits growth, its earnings quality is uncertain. Trading at 10 P/E, we believe the investment to be too risky.분석 기사 • Nov 23
MIND C.T.I (NASDAQ:MNDO) Hasn't Managed To Accelerate Its Returns
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...분석 기사 • Aug 20
MIND C.T.I (NASDAQ:MNDO) Has More To Do To Multiply In Value Going Forward
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...분석 기사 • May 05
MIND C.T.I. Ltd's (NASDAQ:MNDO) CEO Compensation Looks Acceptable To Us And Here's Why
MIND C.T.I. Ltd ( NASDAQ:MNDO ) has exhibited strong share price growth in the past few years. However, its earnings...분석 기사 • May 04
MIND C.T.I (NASDAQ:MNDO) Could Be At Risk Of Shrinking As A Company
When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...분석 기사 • Mar 14
Why It Might Not Make Sense To Buy MIND C.T.I. Ltd (NASDAQ:MNDO) For Its Upcoming Dividend
MIND C.T.I. Ltd ( NASDAQ:MNDO ) is about to trade ex-dividend in the next 2 days. You will need to purchase shares...분석 기사 • Feb 26
Are Dividend Investors Making A Mistake With MIND C.T.I. Ltd (NASDAQ:MNDO)?
Could MIND C.T.I. Ltd ( NASDAQ:MNDO ) be an attractive dividend share to own for the long haul? Investors are often...분석 기사 • Feb 09
Can Mixed Fundamentals Have A Negative Impact on MIND C.T.I. Ltd (NASDAQ:MNDO) Current Share Price Momentum?
MIND C.T.I's (NASDAQ:MNDO) stock is up by a considerable 16% over the past three months. But the company's key...분석 기사 • Jan 19
What These Trends Mean At MIND C.T.I (NASDAQ:MNDO)
Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...분석 기사 • Dec 28
Our Take On MIND C.T.I's (NASDAQ:MNDO) CEO Salary
Eisinger Iancu has been the CEO of MIND C.T.I. Ltd ( NASDAQ:MNDO ) since 1995, and this article will examine the...분석 기사 • Dec 07
Calculating The Fair Value Of MIND C.T.I. Ltd (NASDAQ:MNDO)
In this article we are going to estimate the intrinsic value of MIND C.T.I. Ltd ( NASDAQ:MNDO ) by taking the expected...매출 및 비용 세부 내역
매출 및 비용 세부 내역
MIND C.T.I가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.
순이익 및 매출 추이
| 날짜 | 매출 | 순이익 | 일반관리비 | 연구개발비 |
|---|---|---|---|---|
| 31 Mar 26 | 20 | 3 | 3 | 4 |
| 31 Dec 25 | 19 | 3 | 4 | 4 |
| 30 Sep 25 | 20 | 3 | 4 | 4 |
| 30 Jun 25 | 20 | 3 | 4 | 4 |
| 31 Mar 25 | 21 | 4 | 4 | 3 |
| 31 Dec 24 | 21 | 5 | 3 | 3 |
| 30 Sep 24 | 22 | 5 | 3 | 3 |
| 30 Jun 24 | 22 | 5 | 3 | 3 |
| 31 Mar 24 | 22 | 5 | 3 | 4 |
| 31 Dec 23 | 22 | 5 | 3 | 4 |
| 30 Sep 23 | 21 | 5 | 3 | 4 |
| 30 Jun 23 | 21 | 5 | 3 | 4 |
| 31 Mar 23 | 21 | 5 | 2 | 3 |
| 31 Dec 22 | 22 | 5 | 2 | 3 |
| 30 Sep 22 | 22 | 6 | 2 | 4 |
| 30 Jun 22 | 24 | 6 | 3 | 4 |
| 31 Mar 22 | 26 | 6 | 3 | 4 |
| 31 Dec 21 | 26 | 6 | 3 | 4 |
| 30 Sep 21 | 26 | 6 | 3 | 4 |
| 30 Jun 21 | 25 | 6 | 3 | 4 |
| 31 Mar 21 | 23 | 6 | 3 | 4 |
| 31 Dec 20 | 23 | 5 | 3 | 4 |
| 30 Sep 20 | 24 | 5 | 3 | 4 |
| 30 Jun 20 | 24 | 5 | 3 | 4 |
| 31 Mar 20 | 24 | 5 | 3 | 4 |
| 31 Dec 19 | 23 | 5 | 3 | 4 |
| 30 Sep 19 | 21 | 5 | 3 | 4 |
| 30 Jun 19 | 20 | 5 | 3 | 4 |
| 31 Mar 19 | 18 | 5 | 3 | 4 |
| 31 Dec 18 | 18 | 5 | 3 | 4 |
| 30 Sep 18 | 18 | 5 | 3 | 3 |
| 30 Jun 18 | 18 | 5 | 3 | 3 |
| 31 Mar 18 | 18 | 6 | 3 | 3 |
| 31 Dec 17 | 18 | 6 | 3 | 3 |
| 30 Sep 17 | 18 | 5 | 3 | 3 |
| 30 Jun 17 | 18 | 5 | 3 | 3 |
| 31 Mar 17 | 18 | 4 | 3 | 3 |
| 31 Dec 16 | 18 | 4 | 3 | 3 |
| 30 Sep 16 | 18 | 4 | 3 | 3 |
| 30 Jun 16 | 19 | 5 | 3 | 3 |
| 31 Mar 16 | 20 | 5 | 3 | 3 |
| 31 Dec 15 | 21 | 5 | 3 | 3 |
| 30 Sep 15 | 23 | 6 | 3 | 3 |
| 30 Jun 15 | 24 | 6 | 3 | 3 |
양질의 수익: MNDO는 고품질 수익을 보유하고 있습니다.
이익 마진 증가: MNDO의 현재 순 이익률 (15.3%)은 지난해 (18.3%)보다 낮습니다.
잉여현금흐름 대비 순이익 분석
과거 순이익 성장 분석
수익추이: MNDO의 수익은 지난 5년 동안 연평균 13% 감소했습니다.
성장 가속화: MNDO은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.
수익 대 산업: MNDO은 지난 1년 동안 수익이 감소(-21.2%)하여 Software 업계 평균(11.7%)과 비교하기 어렵습니다.
자기자본이익률
높은 ROE: MNDO의 자본 수익률(12.6%)은 낮음으로 평가됩니다.
총자산이익률
투하자본수익률
우수한 과거 실적 기업을 찾아보세요
기업 분석 및 재무 데이터 상태
| 데이터 | 최종 업데이트 (UTC 시간) |
|---|---|
| 기업 분석 | 2026/05/28 22:41 |
| 종가 | 2026/05/28 00:00 |
| 수익 | 2026/03/31 |
| 연간 수익 | 2025/12/31 |
데이터 소스
당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.
| 패키지 | 데이터 | 기간 | 미국 소스 예시 * |
|---|---|---|---|
| 기업 재무제표 | 10년 |
| |
| 분석가 컨센서스 추정치 | +3년 |
|
|
| 시장 가격 | 30년 |
| |
| 지분 구조 | 10년 |
| |
| 경영진 | 10년 |
| |
| 주요 개발 | 10년 |
|
* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.
별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.
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산업 및 섹터 지표
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분석가 소스
MIND C.T.I. Ltd는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.