Loading...

Mitcham Industries

Nasdaq:MIND
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MIND
Nasdaq
$46M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Mitcham Industries, Inc., through its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries worldwide. The last earnings update was 15 days ago. More info.


Add to Portfolio Compare Print
MIND Share Price and Events
7 Day Returns
0.8%
NasdaqGS:MIND
-0.4%
US Energy Services
-0.3%
US Market
1 Year Returns
23.5%
NasdaqGS:MIND
-30.9%
US Energy Services
7%
US Market
MIND Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mitcham Industries (MIND) 0.8% -2.8% 0.8% 23.5% 9.4% -71.7%
US Energy Services -0.4% 0.2% 2.7% -30.9% -37.9% -63.5%
US Market -0.3% 2.2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • MIND outperformed the Energy Services industry which returned -30.9% over the past year.
  • MIND outperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
MIND
Industry
5yr Volatility vs Market

MIND Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Mitcham Industries. This is due to cash flow or dividend data being unavailable. The share price is $3.83.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mitcham Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mitcham Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:MIND PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in USD $-1.78
NasdaqGS:MIND Share Price ** NasdaqGS (2019-04-18) in USD $3.83
United States of America Energy Services Industry PE Ratio Median Figure of 28 Publicly-Listed Energy Services Companies 19.14x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mitcham Industries.

NasdaqGS:MIND PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:MIND Share Price ÷ EPS (both in USD)

= 3.83 ÷ -1.78

-2.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mitcham Industries is loss making, we can't compare its value to the US Energy Services industry average.
  • Mitcham Industries is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Mitcham Industries's expected growth come at a high price?
Raw Data
NasdaqGS:MIND PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United States of America Energy Services Industry PEG Ratio Median Figure of 24 Publicly-Listed Energy Services Companies 0.66x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mitcham Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mitcham Industries's assets?
Raw Data
NasdaqGS:MIND PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in USD $3.16
NasdaqGS:MIND Share Price * NasdaqGS (2019-04-18) in USD $3.83
United States of America Energy Services Industry PB Ratio Median Figure of 91 Publicly-Listed Energy Services Companies 1.07x
United States of America Market PB Ratio Median Figure of 5,182 Publicly-Listed Companies 1.91x
NasdaqGS:MIND PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:MIND Share Price ÷ Book Value per Share (both in USD)

= 3.83 ÷ 3.16

1.21x

* Primary Listing of Mitcham Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mitcham Industries is overvalued based on assets compared to the US Energy Services industry average.
X
Value checks
We assess Mitcham Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Mitcham Industries has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MIND Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
44.5%
Expected Energy Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mitcham Industries expected to grow at an attractive rate?
  • Unable to compare Mitcham Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mitcham Industries's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Mitcham Industries's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:MIND Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 44.5%
United States of America Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 7.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:MIND Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:MIND Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-01-31 56 1
NasdaqGS:MIND Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-01-31 43 -5 -22
2018-10-31 41 -9 -25
2018-07-31 35 -9 -25
2018-04-30 37 -4 -25
2018-01-31 48 1 -22
2017-10-31 50 2 -24
2017-07-31 50 4 -26
2017-04-30 48 3 -30
2017-01-31 41 3 -34
2016-10-31 40 5 -50
2016-07-31 48 6 -49
2016-04-30 46 10 -45

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mitcham Industries is high growth as no earnings estimate data is available.
  • Unable to determine if Mitcham Industries is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:MIND Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Mitcham Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MIND Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-01-31
NasdaqGS:MIND Past Financials Data
Date (Data in USD Millions) EPS *
2019-01-31 -1.78
2018-10-31 -2.06
2018-07-31 -2.05
2018-04-30 -2.10
2018-01-31 -1.82
2017-10-31 -1.99
2017-07-31 -2.15
2017-04-30 -2.49
2017-01-31 -2.79
2016-10-31 -4.18
2016-07-31 -4.04
2016-04-30 -3.73

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mitcham Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Mitcham Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mitcham Industries has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MIND Past Performance

  How has Mitcham Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mitcham Industries's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mitcham Industries does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Mitcham Industries's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Mitcham Industries's 1-year growth to the US Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Mitcham Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mitcham Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MIND Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 42.94 -21.55 21.11 1.16
2018-10-31 40.98 -24.96 22.32 1.72
2018-07-31 34.97 -24.83 22.38 1.85
2018-04-30 37.46 -25.41 21.70 1.77
2018-01-31 48.28 -21.97 20.68 1.50
2017-10-31 50.46 -23.99 19.23 1.61
2017-07-31 49.87 -25.99 19.39 1.31
2017-04-30 47.70 -30.06 19.99 1.07
2017-01-31 41.00 -33.64 20.50 0.97
2016-10-31 39.89 -50.43 21.53
2016-07-31 47.52 -48.73 21.45
2016-04-30 46.41 -44.94 21.58
2016-01-31 51.82 -38.74 20.24 0.93
2015-10-31 55.34 -21.08 24.28
2015-07-31 62.57 -15.67 25.48
2015-04-30 74.56 -13.17 26.59
2015-01-31 83.15 -9.19 27.81
2014-10-31 91.83 1.78 24.45
2014-07-31 89.20 -0.46 25.42
2014-04-30 90.55 2.20 24.80
2014-01-31 92.11 4.77 24.72
2013-10-31 96.86 6.40 24.87
2013-07-31 95.16 7.81 23.59
2013-04-30 97.35 14.90 23.26
2013-01-31 104.69 17.05 22.11
2012-10-31 113.32 23.80 22.84
2012-07-31 122.77 31.79 22.63
2012-04-30 120.96 26.68 22.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Mitcham Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Mitcham Industries has efficiently used its assets last year compared to the US Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Mitcham Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Mitcham Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mitcham Industries has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MIND Health

 How is Mitcham Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mitcham Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mitcham Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mitcham Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mitcham Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Mitcham Industries has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mitcham Industries Company Filings, last reported 2 months ago.

NasdaqGS:MIND Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 56.68 0.00 9.39
2018-10-31 60.25 0.00 5.41
2018-07-31 59.95 0.00 6.89
2018-04-30 63.22 0.00 8.61
2018-01-31 65.85 0.00 9.90
2017-10-31 70.15 0.00 6.54
2017-07-31 74.68 0.00 6.92
2017-04-30 78.42 0.00 2.05
2017-01-31 80.93 6.37 2.90
2016-10-31 90.68 8.68 3.23
2016-07-31 98.93 9.48 3.50
2016-04-30 101.27 17.74 2.36
2016-01-31 105.04 20.48 3.77
2015-10-31 133.53 12.41 4.57
2015-07-31 139.19 14.27 2.80
2015-04-30 149.25 20.58 6.23
2015-01-31 146.47 26.36 5.18
2014-10-31 161.39 34.56 9.07
2014-07-31 171.29 25.14 9.43
2014-04-30 173.72 15.18 11.68
2014-01-31 170.45 22.20 15.16
2013-10-31 173.48 3.25 24.21
2013-07-31 175.06 0.27 20.30
2013-04-30 179.89 2.35 16.54
2013-01-31 176.31 4.38 15.15
2012-10-31 172.04 13.62 23.99
2012-07-31 172.23 12.71 21.55
2012-04-30 166.30 19.54 17.43
  • Mitcham Industries has no debt.
  • Mitcham Industries has no debt compared to 5 years ago when it was 13%.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Mitcham Industries has sufficient cash runway for 1.8 years based on current free cash flow.
  • Mitcham Industries has sufficient cash runway for 1.5 years if free cash flow continues to grow at historical rates of 74.4% each year.
X
Financial health checks
We assess Mitcham Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mitcham Industries has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MIND Dividends

 What is Mitcham Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mitcham Industries dividends.
If you bought $2,000 of Mitcham Industries shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mitcham Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mitcham Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:MIND Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 3.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:MIND Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-01-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mitcham Industries has not reported any payouts.
  • Unable to verify if Mitcham Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mitcham Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mitcham Industries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mitcham Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mitcham Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mitcham Industries has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MIND Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rob Capps
COMPENSATION $450,895
AGE 64
TENURE AS CEO 3.6 years
CEO Bio

Mr. Robert P. Capps, also known as Rob, has been the Co-Chief Executive Officer of Mitcham Industries Inc. since September 2015. Mr. Capps has been the Chief Financial Officer and Executive Vice President of Finance at Mitcham Industries Inc. since June 26, 2006 and served as its Principal Accounting Officer until April 26, 2016. He served as an Interim Co-Chief Executive Officer of Mitcham Industries Inc. from October 6, 2015 to August 30, 2016. Mr. Capps served as Co-Chief Executive Officer of Mitcham Industries Inc. from September 21, 2015 to October 6, 2015. Mr. Capps served as Chief Financial Officer, Executive Vice President, Treasurer and Secretary of Teraforce Technology Corp. from August 1999 to May 2006. Mr. Capps served as Co-Chief Operating Officer at Mitcham Industries Inc. since September 14, 2015. He served as an Interim Co-Chief Operating Officer of Mitcham Industries Inc. Mr. Capps served as Executive Vice President and Chief Financial Officer of Dynamex Inc. from 1996 to 1999. He served as an Executive Vice President of LG&E Natural Inc. since January 1993, Chief Financial Officer since June 1991 and Treasurer since June 1990. Mr. Capps also served as Senior Vice President of Finance at LG&E Natural Inc. from June 1990 to January 1993, after serving as Vice President and Controller from June 1988 to June 1990. He served as a Director of Intelect Technologies, Inc. He has been a Director of Mitcham Industries Inc. since July 8, 2004. He began his career as an Audit Manager with Arthur Young & Company. Mr. Capps is a Certified Public Accountant and received his Bachelor of Accountancy from the University of Oklahoma in 1976.

CEO Compensation
  • Rob's compensation has increased whilst company is loss making.
  • Rob's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Mitcham Industries management team in years:

3.6
Average Tenure
63
Average Age
  • The tenure for the Mitcham Industries management team is about average.
Management Team

Rob Capps

TITLE
Co-CEO, Executive VP of Finance
COMPENSATION
$451K
AGE
64
TENURE
3.6 yrs

Guy Malden

TITLE
Co-CEO & Executive VP of Marine Systems
COMPENSATION
$446K
AGE
66
TENURE
3.6 yrs

Mark Cox

TITLE
Chief Accounting Officer and VP of Finance & Accounting
COMPENSATION
$255K
AGE
58
TENURE
1.9 yrs

Thomas Meurling

TITLE
VP & Chief Business Development Officer

Jack Lascar

TITLE
Investor Relations
AGE
62
Board of Directors Tenure

Average tenure and age of the Mitcham Industries board of directors in years:

13
Average Tenure
65
Average Age
  • The average tenure for the Mitcham Industries board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Peter Blum

TITLE
Non-Executive Chairman of the Board
COMPENSATION
$159K
AGE
61
TENURE
14.8 yrs

Rob Capps

TITLE
Co-CEO, Executive VP of Finance
COMPENSATION
$451K
AGE
64
TENURE
14.8 yrs

Robert Albers

TITLE
Director
COMPENSATION
$94K
AGE
77
TENURE
11.3 yrs

Thomas Glanville

TITLE
Director
COMPENSATION
$95K
AGE
60
TENURE
3.6 yrs

Randal Lewis

TITLE
Director
COMPENSATION
$94K
AGE
75
TENURE
23.5 yrs

Marc Rowland

TITLE
Director
COMPENSATION
$94K
AGE
66
TENURE
3.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
01. Aug 18 Buy Robert Capps Individual 31. Jul 18 31. Jul 18 10,000 $3.99 $39,900
X
Management checks
We assess Mitcham Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mitcham Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MIND News

Simply Wall St News

Should You Worry About Mitcham Industries, Inc.'s (NASDAQ:MIND) CEO Pay?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Rob Capps's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$48m, and pays its CEO total annual compensation worth US$451k.

Simply Wall St -

Does Mitcham Industries, Inc. (NASDAQ:MIND) Have A Particularly Volatile Share Price?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … To make good use of it you must first know that the beta of the overall market is one. … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

What Percentage Of Mitcham Industries, Inc. (NASDAQ:MIND) Shares Do Insiders Own?

If you want to know who really controls Mitcham Industries, Inc. … Mitcham Industries is not a large company by global standards. … View our latest analysis for Mitcham Industries

Simply Wall St -

Is Mitcham Industries Inc's (NASDAQ:MIND) CEO Paid At A Competitive Rate?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Rob Capps's Compensation Compare With Similar Sized Companies. … According to our data, Mitcham Industries Inc has a market capitalization of US$43m, and pays its CEO total annual compensation worth US$451k.

Simply Wall St -

Are Mitcham Industries Inc's (NASDAQ:MIND) Interest Costs Too High?

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is MIND right in choosing financial flexibility over lower cost of capital. … Debt funding can be cheaper than issuing new equity due to lower interest cost on debt

Simply Wall St -

Breaking Down Mitcham Industries Inc's (NASDAQ:MIND) Ownership Structure

I am going to take a deep dive into Mitcham Industries Inc’s (NASDAQ:MIND) most recent ownership structure, not a frequent subject of discussion among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … NasdaqGS:MIND Ownership Summary August 21st 18

Simply Wall St -

Does Mitcham Industries Inc's (NASDAQ:MIND) CEO Pay Compare Well With Peers?

Rob Capps took the reins as CEO of Mitcham Industries Inc's (NASDAQ:MIND) and grew market cap to US$49.44m recently. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … See our latest analysis for Mitcham Industries

Simply Wall St -

Is Mitcham Industries Inc's (NASDAQ:MIND) CEO Paid At A Competitive Rate?

I believe earnings is a cleaner proxy, since many factors can impact share price, and therefore, TSR. … NasdaqGS:MIND Past Future Earnings Jun 6th 18 Is MIND's CEO overpaid relative to the market? … Normally I would look at market cap and earnings as a proxy for performance, however, MIND's negative earnings reduces the usefulness of my formula.

Simply Wall St -

Is Mitcham Industries Inc (NASDAQ:MIND) Undervalued?

Mitcham Industries Inc (NASDAQ:MIND), an energy company based in United States, received a lot of attention from a substantial price increase on the NasdaqGS over the last few months. … With revenues expected to grow by a double-digit 22.21% over the next couple of years, the outlook is positive for Mitcham Industries. … With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price.

Simply Wall St -

Has Mitcham Industries Inc (NASDAQ:MIND) Improved Earnings Growth In Recent Times?

Below, I will run you through a simple sense check to build perspective on how Mitcham Industries is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its energy services industry peers. … Check out our latest analysis for Mitcham Industries Were MIND's earnings stronger than its past performances and the industry? … This shows that, though Mitcham Industries is currently running a loss, it may have only just benefited from the recent industry expansion, moving earnings into a more favorable position.What does this mean?

Simply Wall St -

MIND Company Info

Description

Mitcham Industries, Inc., through its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries worldwide. The company operates in two segments, Marine Technology Products, and Equipment Leasing. The Marine Technology Products segment develops, manufactures, and sells proprietary products. Its products include GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; BuoyLink RGPS tracking systems, which are used to offer precise positioning of marine seismic energy sources and streamers; Digishot energy source controllers; Sleeve Gun energy sources; and SeaLink product line of marine sensors and solid streamer systems. This segment also provides streamer weight collars, depth and pressure transducers, air control valves, and source array systems; spare and replacement parts; repair services, engineering services, training, field service operations, and umbilical termination; and equipment, consumables, systems integration, engineering hardware, and software maintenance support services. The Equipment Leasing segment leases seismic equipment for short-term primarily to seismic data acquisition contractors and oil field service providers. This segment is also involved in the sale of other seismic equipment of other manufacturers; and used equipment from its lease pool. Mitcham Industries, Inc. was founded in 1987 and is headquartered in Huntsville, Texas.

Details
Name: Mitcham Industries, Inc.
MIND
Exchange: NasdaqGS
Founded: 1987
$46,417,298
12,119,399
Website: http://www.mitchamindustries.com
Address: Mitcham Industries, Inc.
8141 Highway 75 South,
Huntsville,
Texas, 77340,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MIND Common Stock Nasdaq Global Select US USD 19. Dec 1994
NasdaqGS MIND.P PFD SER A Nasdaq Global Select US USD 14. Jun 2016
Number of employees
Current staff
Staff numbers
193
Mitcham Industries employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 23:39
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/05
Last earnings filing: 2019/04/05
Last earnings reported: 2019/01/31
Last annual earnings reported: 2019/01/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.