NasdaqGS:MIND

Stock Analysis Report

Executive Summary

Mitcham Industries, Inc., through its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries worldwide.

Snowflake

Fundamentals

Flawless balance sheet with weak fundamentals.

Risks

  • Mitcham Industries is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Mitcham Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-10.1%

NasdaqGS:MIND

-5.5%

US Energy Services

-1.0%

US Market


1 Year Return

-10.3%

NasdaqGS:MIND

-47.1%

US Energy Services

-0.4%

US Market

MIND outperformed the Energy Services industry which returned -47.2% over the past year.

MIND underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

MINDIndustryMarket
7 Day-10.1%-5.5%-1.0%
30 Day-16.0%-14.8%-3.3%
90 Day-4.0%-20.9%0.8%
1 Year-10.3%-10.3%-45.8%-47.1%1.9%-0.4%
3 Year27.0%27.0%-54.5%-59.9%39.4%30.4%
5 Year-73.2%-73.2%-71.0%-75.2%54.2%37.1%

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

Valuation

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

1.23x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Mitcham Industries's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Mitcham Industries's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Unable to calculate PEG ratio for Mitcham Industries, we can't assess if its growth is good value.


Price Based on Value of Assets

Mitcham Industries is overvalued based on assets compared to the US Energy Services industry average.


Next Steps

Future Growth

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

40.9%

Forecasted Energy Services 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.


Next Steps

Past Performance

How has Mitcham Industries performed over the past 5 years?

-16.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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.


Return on Equity

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.


Return on Assets

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.


Return on Capital Employed

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.


Next Steps

Financial Health

How is Mitcham Industries's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Mitcham Industries's level of debt (0%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (8.8% vs 0% today).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are -7.6889956438097E+16x debt.


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 more than 3 years based on current free cash flow.

Mitcham Industries has sufficient cash runway for 2.6 years if free cash flow continues to grow at historical rates of 77.9% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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.

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

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.


Next Steps

Management

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

3.9yrs

Average management tenure


CEO

Rob Capps (65yo)

3.9yrs

Tenure

US$367,918

Compensation

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

Rob's remuneration is about average for companies of similar size in United States of America.

Rob's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.9yrs

Average Tenure

64yo

Average Age

The tenure for the Mitcham Industries management team is about average.


Board Age and Tenure

13.3yrs

Average Tenure

66yo

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.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Rob Capps (65yo)

    Co-CEO, Executive VP of Finance

    • Tenure: 3.9yrs
    • Compensation: $367.92k
  • Jack Lascar (63yo)

    Investor Relations

  • Guy Malden (67yo)

    Co-CEO & Executive VP of Marine Systems

    • Tenure: 3.9yrs
    • Compensation: $362.63k
  • Mark Cox (59yo)

    Chief Accounting Officer and VP of Finance & Accounting

    • Tenure: 2.3yrs
    • Compensation: $247.11k
  • Thomas Meurling

    VP & Chief Business Development Officer


Board Members

  • Rob Capps (65yo)

    Co-CEO, Executive VP of Finance

    • Tenure: 15.1yrs
    • Compensation: $367.92k
  • Marc Rowland (67yo)

    Director

    • Tenure: 3.9yrs
    • Compensation: $70.35k
  • Peter Blum (62yo)

    Non-Executive Chairman of the Board

    • Tenure: 15.1yrs
    • Compensation: $144.83k
  • Thomas Glanville (61yo)

    Director

    • Tenure: 3.9yrs
    • Compensation: $71.35k
  • Randal Lewis (76yo)

    Director

    • Tenure: 23.8yrs
    • Compensation: $70.35k
  • Robert Albers (78yo)

    Director

    • Tenure: 11.6yrs
    • Compensation: $190.55k

Company Information

Mitcham Industries, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mitcham Industries, Inc.
  • Ticker: MIND
  • Exchange: NasdaqGS
  • Founded: 1987
  • Industry: oil and gas equipment and services
  • Sector: energy
  • Market Cap: US$43.298m
  • Shares outstanding: 12.13m
  • Website: Click here

Number of Employees


Location

  • Mitcham Industries, Inc.
  • 8141 Highway 75 South
  • Huntsville
  • Texas
  • 77340
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MINDNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 1994
MIND.PNasdaqGS (Nasdaq Global Select)PFD SER AUSUSDJun 2016

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 23:43
End of Day Share Price2019/08/16 00:00
Earnings2019/04/30
Annual Earnings2019/01/31


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.