Mitcham Industries, Inc., through its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries worldwide.
Excellent balance sheet with weak fundamentals.
Share Price & News
How has Mitcham Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MIND's share price has been volatile over the past 3 months.
7 Day Return
US Energy Services
1 Year Return
US Energy Services
Return vs Industry: MIND underperformed the US Energy Services industry which returned -70.6% over the past year.
Return vs Market: MIND underperformed the US Market which returned -11.5% over the past year.
Price Volatility Vs. Market
How volatile is Mitcham Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs Mitcham Industries, Inc.'s (NASDAQ:MIND) CEO Pay Justified?
1 month ago | Simply Wall StHow Much Of Mitcham Industries, Inc. (NASDAQ:MIND) Do Insiders Own?
1 month ago | Simply Wall StSuch Is Life: How Mitcham Industries (NASDAQ:MIND) Shareholders Saw Their Shares Drop 56%
Is Mitcham Industries undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: MIND ($1.08) is trading above our estimate of fair value ($0.74)
Significantly Below Fair Value: MIND is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MIND is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.
PE vs Market: MIND is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MIND's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MIND is overvalued based on its PB Ratio (0.4x) compared to the US Energy Services industry average (0.3x).
How is Mitcham Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mitcham Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Mitcham Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MIND is currently unprofitable.
Growing Profit Margin: MIND is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MIND is unprofitable, and losses have increased over the past 5 years at a rate of -0.8% per year.
Accelerating Growth: Unable to compare MIND's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MIND is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-34.4%).
Return on Equity
High ROE: MIND has a negative Return on Equity (-23.43%), as it is currently unprofitable.
How is Mitcham Industries's financial position?
Financial Position Analysis
Short Term Liabilities: MIND's short term assets ($32.8M) exceed its short term liabilities ($9.3M).
Long Term Liabilities: MIND's short term assets ($32.8M) exceed its long term liabilities ($3.1M).
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 21.4%.
Inventory Level: MIND has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if MIND's debt is covered by short term assets.
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.
Stable Cash Runway: MIND has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MIND has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Mitcham Industries's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MIND's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MIND's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MIND's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MIND's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MIND's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rob Capps (65yo)
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 ...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD367.92K) is below average for companies of similar size in the US market ($USD601.33K).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
|Co-CEO, Executive VP of Finance||4.5yrs||US$367.92k||0.34% $45.3k|
|Co-CEO & Executive VP of Marine Systems||4.5yrs||US$362.63k||0.23% $29.8k|
|Chief Accounting Officer and VP of Finance & Accounting||2.83yrs||US$247.11k||no data|
|CTO & VP||0.17yr||no data||no data|
|VP & Chief Business Development Officer||no data||no data||no data|
|Investor Relations||no data||no data||no data|
Experienced Management: MIND's management team is considered experienced (3.7 years average tenure).
|Co-CEO, Executive VP of Finance||4.5yrs||US$367.92k||0.34% $45.3k|
|Independent Director||4.5yrs||US$70.35k||0.086% $11.3k|
|Non-Executive Chairman of the Board||15.67yrs||US$144.83k||4.34% $569.7k|
|Independent Director||4.5yrs||US$71.35k||0.17% $22.1k|
|Independent Director||12.17yrs||US$190.55k||0.12% $16.0k|
|Director||0.58yr||no data||0.045% $5.9k|
Experienced Board: MIND's board of directors are considered experienced (8.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mitcham Industries, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Mitcham Industries, Inc.
- Ticker: MIND
- Exchange: NasdaqGS
- Founded: 1987
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: US$13.141m
- Shares outstanding: 12.17m
- Website: https://www.mitchamindustries.com
Number of Employees
- Mitcham Industries, Inc.
- 2002 Timberloch Place
- Suite 400
- The Woodlands
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MIND||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Dec 1994|
|MIND.P||NasdaqGS (Nasdaq Global Select)||PFD SER A||US||USD||Jun 2016|
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 the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is 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 The Woodlands, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 03:10|
|End of Day Share Price||2020/03/27 00:00|
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.