NasdaqGS:MIND

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet with weak fundamentals.


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

Stable Share Price: MIND's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.0%

MIND

-5.6%

US Energy Services

1.3%

US Market


1 Year Return

-42.7%

MIND

-49.0%

US Energy Services

14.9%

US Market

Return vs Industry: MIND exceeded the US Energy Services industry which returned -50.5% over the past year.

Return vs Market: MIND underperformed the US Market which returned 12.5% over the past year.


Shareholder returns

MINDIndustryMarket
7 Day-5.0%-5.6%1.3%
30 Day47.1%3.3%4.7%
90 Day132.7%16.6%17.1%
1 Year-42.7%-42.7%-47.3%-49.0%17.3%14.9%
3 Year-41.1%-41.1%-65.9%-68.6%38.9%29.9%
5 Year-46.2%-46.2%-69.6%-75.2%71.3%52.8%

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 compared to its fair value and its price relative to the market?

1.5x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MIND's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MIND's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MIND is unprofitable, so we can't compare its PE Ratio to the US 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 (1.5x) compared to the US Energy Services industry average (0.6x).


Next Steps

Future Growth

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

73.7%

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.


Next Steps

Past Performance

How has Mitcham Industries performed over the past 5 years?

12.5%

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, but has reduced losses over the past 5 years at a rate of 12.5% 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 (-54.6%).


Return on Equity

High ROE: MIND has a negative Return on Equity (-38.26%), as it is currently unprofitable.


Next Steps

Financial Health

How is Mitcham Industries's financial position?


Financial Position Analysis

Short Term Liabilities: MIND's short term assets ($29.0M) exceed its short term liabilities ($8.6M).

Long Term Liabilities: MIND's short term assets ($29.0M) exceed its long term liabilities ($2.1M).


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 13.7%.


Balance Sheet


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: MIND has sufficient cash runway for 2.1 years if free cash flow continues to reduce at historical rates of 4.2% each year.


Next Steps

Dividend

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 recent payouts.

High Dividend: Unable to evaluate MIND's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Rob Capps (66 yo)

4.92yrs

Tenure

US$388,284

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

Compensation vs Market: Rob's total compensation ($USD388.28K) is below average for companies of similar size in the US market ($USD608.75K).

Compensation vs Earnings: Rob's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Robert Capps
Co-CEO, Executive VP of Finance4.92yrsUS$388.28k0.34%
$ 95.6k
Guy Malden
Co-CEO & Executive VP of Marine Systems4.92yrsUS$380.66k0.23%
$ 62.9k
Mark Cox
Chief Accounting Officer and VP of Finance & Accounting3.25yrsUS$251.65kno data
Dennis Morris
VP & COO0.33yrno data0.57%
$ 159.6k
Andy Meecham
CTO & VP0.58yrno datano data
Thomas Meurling
VP & Chief Business Development Officerno datano datano data
Jack Lascar
Investor Relationsno datano datano data

3.3yrs

Average Tenure

64yo

Average Age

Experienced Management: MIND's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Capps
Co-CEO, Executive VP of Finance4.92yrsUS$388.28k0.34%
$ 95.6k
Marcus Rowland
Independent Director4.92yrsUS$111.05k0.086%
$ 23.9k
Peter Blum
Independent Non-Executive Chairman of the Board16.08yrsUS$273.85k4.49%
$ 1.2m
Thomas Glanville
Independent Director4.92yrsUS$128.55k0.17%
$ 46.7k
Robert Albers
Independent Director12.58yrsUS$151.05k0.12%
$ 33.7k
William Hilarides
Independent Director1yrUS$152.11k0.045%
$ 12.5k

8.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: MIND's board of directors are considered experienced (8.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MIND insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$27.775m
  • Shares outstanding: 12.18m
  • Website: https://www.mitchamindustries.com

Number of Employees


Location

  • Mitcham Industries, Inc.
  • 2002 Timberloch Place
  • Suite 400
  • The Woodlands
  • Texas
  • 77380
  • 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 Analysis2020/08/03 00:32
End of Day Share Price2020/07/31 00:00
Earnings2020/04/30
Annual Earnings2020/01/31


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.