AIM:MIND

Stock Analysis Report

Executive Summary

Mind Gym plc operates as a behavioural science company in the United Kingdom, Singapore, the United Arab Emirates, the United States, and Canada.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.

Share Price & News

How has Mind Gym's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

MIND

-1.3%

GB Professional Services

2.0%

GB Market


1 Year Return

-26.6%

MIND

22.1%

GB Professional Services

3.3%

GB Market

Return vs Industry: MIND underperformed the UK Professional Services industry which returned 22.1% over the past year.

Return vs Market: MIND underperformed the UK Market which returned 3.3% over the past year.


Share holder returns

MINDIndustryMarket
7 Day0%-1.3%2.0%
30 Day0%-1.8%-1.0%
90 Day0%-2.7%-1.7%
1 Year-25.2%-26.6%25.0%22.1%8.3%3.3%
3 Yearn/a43.4%33.1%19.0%4.5%
5 Yearn/a126.4%99.7%38.4%8.4%

Price Volatility Vs. Market

How volatile is Mind Gym's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mind Gym undervalued based on future cash flows and its price relative to the stock market?

37%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: MIND (£1.22) is trading below our estimate of fair value (£1.92)

Significantly Undervalued: MIND is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: MIND is poor value based on its PE Ratio (29.8x) compared to the Professional Services industry average (19x).

PE vs Market: MIND is poor value based on its PE Ratio (29.8x) compared to the UK market (16.4x).


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate MIND's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: MIND is overvalued based on its PB Ratio (8.9x) compared to the GB Professional Services industry average (2.3x).


Next Steps

Future Growth

How is Mind Gym expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

8.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: MIND's forecast earnings growth (8.3% per year) is above the savings rate (1.2%).

Earnings vs Market: MIND's earnings (8.3% per year) are forecast to grow slower than the UK market (12.3% per year).

High Growth Earnings: MIND's earnings are forecast to grow, but not significantly.

Revenue vs Market: MIND's revenue (11.6% per year) is forecast to grow faster than the UK market (4% per year).

High Growth Revenue: MIND's revenue (11.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if MIND's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Mind Gym performed over the past 5 years?

24.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MIND's earnings have grown significantly by 24.8% per year over the past 5 years.

Accelerating Growth: MIND's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MIND had negative earnings growth (-9.7%) over the past year, making it difficult to compare to the Professional Services industry average (12.3%).


Return on Equity

High ROE: MIND's Return on Equity (28.9%) is considered high.


Return on Assets

ROA vs Industry: MIND has a higher Return on Assets than the Professional Services industry average last year.


Return on Capital Employed

ROCE Improving: MIND's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Mind Gym's financial position?


Financial Position Analysis

Short Term Liabilities: MIND's short term assets (£22.2M) exceeds its short term liabilities (£9.7M)

Long Term Liabilities: MIND has no long term liabilities


Debt to Equity History and Analysis

Debt Level: MIND is debt free.

Reducing Debt: MIND has no debt compared to 5 years ago when its debt to equity ratio was 14.8%.

Debt Coverage: MIND has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MIND has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: MIND has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if MIND's debt is covered by short term assets.


Next Steps

Dividend

What is Mind Gym's current dividend yield, its reliability and sustainability?

2.43%

Expected Dividend Yield


Dividend Yield vs Market

company2.6%marketbottom25%2.0%markettop25%5.4%industryaverage3.2%forecastin3Years2.4%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: MIND's dividend (2.63%) is higher than the bottom 25% of dividend payers in the UK market (2%).

High Dividend: MIND's dividend (2.63%) is low compared to the top 25% of dividend payers in the UK market (5.42%).

Stable Dividend: Too early to tell whether MIND's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if MIND's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (58.9%), MIND's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MIND's dividends in 3 years are forecast to be well covered by earnings (34.9% payout ratio).


Next Steps

Management

What is the CEO of Mind Gym's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average board tenure


CEO

Octavius Black 0

0yrs

Tenure

0

Mr. Orlando Irvine Casati Black also known as Octavius Co-Founded of Mind Gym Limited in 2000 and is its CEO and Director. Mr. Black co-authored Mind Gym’s four books and has written in The Times, Financi ...


Board Age and Tenure

3.4yrs

Average Tenure

56yo

Average Age

Experienced Board: MIND's board of directors are considered experienced (3.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Octavius Black

    Co-Founder

    • Tenure: 0yrs
  • Sebastian Bailey

    Co-Founder

    • Tenure: 0yrs
  • Richard Steele

    CFO & Director

    • Tenure: 1.3yrs
  • Ryan Boughan

    Global Head of Client Team & Chief Commercial Officer

    • Tenure: 0yrs
  • Mary-Clare Race

    Chief Creative Officer

    • Tenure: 0yrs
  • David Turnbull

    Chief Operating Officer

    • Tenure: 0.9yrs

Board Members

  • Dido Harding (51yo)

    Senior Independent Non-Executive Director

    • Tenure: 0yrs
  • née Withey Tilleray (56yo)

    Independent Non-Executive Director

    • Tenure: 1.3yrs
  • David Nelson (56yo)

    Non-Executive Director

    • Tenure: 5.5yrs
  • Octavius Black

    Co-Founder

    • Tenure: 0yrs
  • Joanne Cash Black

    Non-Executive Chairman

    • Tenure: 5.8yrs
  • Sebastian Bailey

    Co-Founder

    • Tenure: 0yrs
  • Richard Steele

    CFO & Director

    • Tenure: 1.3yrs

Company Information

Mind Gym plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mind Gym plc
  • Ticker: MIND
  • Exchange: AIM
  • Founded: 1999
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: UK£120.884m
  • Shares outstanding: 99.49m
  • Website: https://www.themindgym.com

Number of Employees


Location

  • Mind Gym plc
  • 160 Kensington High Street
  • London
  • Greater London
  • W8 7RG
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MINDAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJun 2018

Biography

Mind Gym plc operates as a behavioural science company in the United Kingdom, Singapore, the United Arab Emirates, the United States, and Canada. It offers research, strategic advice, management and employ ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 00:43
End of Day Share Price2019/10/11 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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