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MIND C.T.I

Nasdaq:MNDO
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MNDO
Nasdaq
$42M
Market Cap
  1. Home
  2. US
  3. Software
Company description

MIND C.T.I. Ltd., together with its subsidiaries, designs, develops, markets, supports, implements, and operates real-time and off-line convergent billing and customer care software solutions in the United States, the United Kingdom and Rest of Europe, Israel, and internationally. The last earnings update was 16 days ago. More info.


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MNDO Share Price and Events
7 Day Returns
-8.8%
NasdaqGM:MNDO
2.4%
US Software
1.2%
US Market
1 Year Returns
-7.6%
NasdaqGM:MNDO
25.6%
US Software
3%
US Market
MNDO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MIND C.T.I (MNDO) -8.8% -11.7% -3.1% -7.6% 4.3% 13.5%
US Software 2.4% 5.5% 19.8% 25.6% 110.4% 139.4%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • MNDO underperformed the Software industry which returned 25.6% over the past year.
  • MNDO underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
MNDO
Industry
5yr Volatility vs Market
Related Companies

Value

 Is MIND C.T.I 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
Here we compare the current share price of MIND C.T.I to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MIND C.T.I.

NasdaqGM:MNDO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:MNDO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.141 (1 + (1- 23%) (0%))
1.094
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.094 * 5.96%)
9.25%

Discounted Cash Flow Calculation for NasdaqGM:MNDO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for MIND C.T.I is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGM:MNDO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.25%)
2019 4.06 Est @ -6.43% 3.72
2020 3.91 Est @ -3.68% 3.28
2021 3.84 Est @ -1.76% 2.95
2022 3.83 Est @ -0.41% 2.69
2023 3.85 Est @ 0.53% 2.47
2024 3.89 Est @ 1.19% 2.29
2025 3.96 Est @ 1.65% 2.13
2026 4.04 Est @ 1.98% 1.99
2027 4.12 Est @ 2.2% 1.86
2028 4.22 Est @ 2.36% 1.74
Present value of next 10 years cash flows $25.11
NasdaqGM:MNDO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $4.22 × (1 + 2.73%) ÷ (9.25% – 2.73%)
$66.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $66.50 ÷ (1 + 9.25%)10
$27.45
NasdaqGM:MNDO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $25.11 + $27.45
$52.56
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $52.56 / 19.34
$2.72
NasdaqGM:MNDO Discount to Share Price
Calculation Result
Value per share (USD) From above. $2.72
Current discount Discount to share price of $2.18
= -1 x ($2.18 - $2.72) / $2.72
19.8%

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

Current Discount
Amount off the current price MIND C.T.I is available for.
Intrinsic value
20%
Share price is $2.18 vs Future cash flow value of $2.72
Current Discount Checks
For MIND C.T.I to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MIND C.T.I's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • MIND C.T.I's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 MIND C.T.I's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MIND C.T.I's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:MNDO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.27
NasdaqGM:MNDO Share Price ** NasdaqGM (2019-03-20) in USD $2.18
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 53.03x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

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

** Primary Listing of MIND C.T.I.

NasdaqGM:MNDO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:MNDO Share Price ÷ EPS (both in USD)

= 2.18 ÷ 0.27

8.21x

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

  • MIND C.T.I is good value based on earnings compared to the US Software industry average.
  • MIND C.T.I is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does MIND C.T.I's expected growth come at a high price?
Raw Data
NasdaqGM:MNDO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-15.3%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.6x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*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 MIND C.T.I, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MIND C.T.I's assets?
Raw Data
NasdaqGM:MNDO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.08
NasdaqGM:MNDO Share Price * NasdaqGM (2019-03-20) in USD $2.18
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.84x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NasdaqGM:MNDO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:MNDO Share Price ÷ Book Value per Share (both in USD)

= 2.18 ÷ 1.08

2.02x

* Primary Listing of MIND C.T.I.

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

  • MIND C.T.I is good value based on assets compared to the US Software industry average.
X
Value checks
We assess MIND C.T.I'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. MIND C.T.I has a total score of 3/6, 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.

Future Performance

 How is MIND C.T.I expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover MIND C.T.I, future earnings growth has been estimated based on fundamentals.
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
-15.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MIND C.T.I expected to grow at an attractive rate?
  • MIND C.T.I's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • MIND C.T.I's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare MIND C.T.I's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:MNDO Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:MNDO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -15.3%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
NasdaqGM:MNDO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:MNDO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 18 4 5
2018-09-30 18 5 5
2018-06-30 18 5 5
2018-03-31 18 4 6
2017-12-31 18 3 6
2017-09-30 18 3 5
2017-06-30 18 3 5
2017-03-31 18 5 4
2016-12-31 18 5 4
2016-09-30 18 6 4
2016-06-30 19 5 5
2016-03-31 20 5 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MIND C.T.I's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if MIND C.T.I 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
NasdaqGM:MNDO 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 0 Analyst Estimates (S&P Global) See Below

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

NasdaqGM:MNDO Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.27
2018-09-30 0.27
2018-06-30 0.27
2018-03-31 0.30
2017-12-31 0.29
2017-09-30 0.25
2017-06-30 0.25
2017-03-31 0.20
2016-12-31 0.22
2016-09-30 0.23
2016-06-30 0.25
2016-03-31 0.28

*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 MIND C.T.I will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess MIND C.T.I'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.
MIND C.T.I 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.

Past Performance

  How has MIND C.T.I 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 MIND C.T.I's growth in the last year to its industry (Software).
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.
  • MIND C.T.I's year on year earnings growth rate has been positive over the past 5 years.
  • MIND C.T.I's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • MIND C.T.I's 1-year earnings growth is negative, it can't be compared to the US Software industry average.
Earnings and Revenue History
MIND C.T.I'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 MIND C.T.I Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:MNDO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 18.14 5.13 2.89 3.75
2018-09-30 18.17 5.27 3.16 3.34
2018-06-30 18.15 5.14 3.33 3.23
2018-03-31 18.15 5.86 3.20 3.19
2017-12-31 18.06 5.61 3.21 3.14
2017-09-30 18.25 4.92 3.12 3.02
2017-06-30 18.17 4.79 2.99 2.91
2017-03-31 17.94 3.94 2.96 2.98
2016-12-31 18.05 4.20 2.83 3.19
2016-09-30 18.19 4.41 2.83 3.26
2016-06-30 18.92 4.74 2.93 3.10
2016-03-31 19.79 5.29 2.90 2.85
2015-12-31 20.93 5.02 3.26 2.62
2015-09-30 22.63 5.84 3.36 2.53
2015-06-30 23.93 5.52 3.46 2.85
2015-03-31 25.03 5.39 3.60 3.54
2014-12-31 25.02 5.48 3.44 4.17
2014-09-30 23.59 4.60 3.69 3.47
2014-06-30 21.61 4.07 3.72 4.13
2014-03-31 19.73 3.02 3.71 4.43
2013-12-31 18.48 2.19 3.80 4.65
2013-09-30 18.35 2.54 3.67 4.67
2013-06-30 18.52 3.18 3.69 4.51
2013-03-31 19.39 3.33 3.56 4.35
2012-12-31 20.21 4.28 3.63 4.36
2012-09-30 20.53 4.18 3.85 4.21
2012-06-30 20.45 3.82 3.92 4.32
2012-03-31 19.72 4.24 4.13 4.35

*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.
  • MIND C.T.I has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • MIND C.T.I used its assets more efficiently than the US Software industry average last year based on Return on Assets.
  • MIND C.T.I's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess MIND C.T.I'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 Software 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.
MIND C.T.I has a total score of 3/6, 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.

Health

 How is MIND C.T.I'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 MIND C.T.I's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MIND C.T.I is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MIND C.T.I's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MIND C.T.I'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.
  • MIND C.T.I 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 MIND C.T.I Company Filings, last reported 2 months ago.

NasdaqGM:MNDO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 20.98 0.00 15.81
2018-09-30 19.52 0.00 14.96
2018-06-30 18.10 0.00 13.47
2018-03-31 16.90 0.00 13.74
2017-12-31 21.02 0.00 16.99
2017-09-30 19.41 0.00 16.24
2017-06-30 18.12 0.00 14.72
2017-03-31 16.16 0.00 14.52
2016-12-31 21.29 0.00 18.98
2016-09-30 20.28 0.00 17.49
2016-06-30 19.08 0.00 15.00
2016-03-31 17.95 0.00 13.49
2015-12-31 21.85 0.00 18.12
2015-09-30 20.71 0.00 16.39
2015-06-30 19.29 0.00 15.62
2015-03-31 17.70 0.00 13.68
2014-12-31 22.41 0.00 17.69
2014-09-30 20.26 0.00 17.60
2014-06-30 19.09 0.00 16.83
2014-03-31 17.54 0.00 17.11
2013-12-31 20.99 0.00 19.31
2013-09-30 19.87 0.00 17.89
2013-06-30 19.09 0.00 17.04
2013-03-31 23.21 0.00 20.58
2012-12-31 23.11 0.00 18.88
2012-09-30 21.71 0.00 17.43
2012-06-30 20.34 0.00 17.20
2012-03-31 19.82 0.00 16.80
  • MIND C.T.I has no debt.
  • MIND C.T.I has not taken on any debt in the past 5 years.
  • MIND C.T.I has no debt, it does not need to be covered by operating cash flow.
  • MIND C.T.I has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess MIND C.T.I'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. MIND C.T.I 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.

Dividends

 What is MIND C.T.I'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
11.93%
Current annual income from MIND C.T.I dividends.
If you bought $2,000 of MIND C.T.I shares you are expected to receive $239 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?
  • MIND C.T.I's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • MIND C.T.I's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
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
NasdaqGM:MNDO 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 0 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
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.

NasdaqGM:MNDO Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-04 0.260 11.174
2018-02-22 0.300 13.126
2017-04-06 0.320 12.407
2017-02-23 0.320 12.823
2016-04-11 0.270 12.025
2016-02-24 0.270 12.512
2015-02-26 0.300 11.113
2014-02-25 0.240 9.030
2013-03-06 0.240 12.921
2012-02-29 0.240 12.692
2011-02-16 0.320 13.353
2010-05-20 0.200 9.406
2010-03-15 0.200 10.229
2009-11-23 0.000 0.000
2009-08-19 0.000 0.000
2009-05-20 0.000 0.000
2009-03-23 0.000 0.000

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

  • MIND C.T.I has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but MIND C.T.I only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of MIND C.T.I's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
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 MIND C.T.I'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 MIND C.T.I afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MIND C.T.I has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of MIND C.T.I'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
Eisinger Iancu
COMPENSATION $502,674
AGE 60
TENURE AS CEO 23.9 years
CEO Bio

Ms. Monica Iancu, also known as Eisinger, founded MIND C.T.I. Ltd in 1994 and has been its Chief Executive Officer and President since April 6, 1995. Ms. Iancu co-founded Mind Software, Inc., a subsidiary of MIND C.T.I., Ltd. in 1994 and serves as its Chairman and has been its President and Chief Executive Officer since 1994. Prior to MIND, Ms. Iancu served as an Information Systems Consultant to Raphael and directed over 40 projects. She served as Chairperson of MIND C.T.I., Ltd from April 6, 1995 to May 8, 2012. She serves as a Director of MIND C.T.I. Ms. Iancu holds a B.Sc. Degree in Computer Sciences and a Masters Degree in Telecommunications with expertise in Voice and Data Integration over the Ethernet from the Technion, Israel Institute of Technology.

CEO Compensation
  • Eisinger's compensation has been consistent with company performance over the past year.
  • Eisinger's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the MIND C.T.I management team in years:

10.5
Average Tenure
49
Average Age
  • The average tenure for the MIND C.T.I management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Eisinger Iancu

TITLE
Founder
COMPENSATION
$503K
AGE
60
TENURE
23.9 yrs

Danny Engle

TITLE
Vice President of Sales for North America
COMPENSATION
$420K
AGE
49
TENURE
16 yrs

Shoval Nissan

TITLE
Vice President of Information Technology
COMPENSATION
$168K
AGE
43
TENURE
20.3 yrs

Gilad Parness

TITLE
Vice President of Enterprise Solutions
COMPENSATION
$182K
AGE
49
TENURE
5.1 yrs

Ran Mendelaw

TITLE
Chief Financial Officer
AGE
41
TENURE
0.8 yrs

Reuben Halevi

TITLE
Chief Technology Officer
AGE
61
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the MIND C.T.I board of directors in years:

5.7
Average Tenure
64.5
Average Age
  • The tenure for the MIND C.T.I board of directors is about average.
Board of Directors

Mihail Rotenberg

TITLE
Chairman of the Board
AGE
66
TENURE
6.8 yrs

Eisinger Iancu

TITLE
Founder
COMPENSATION
$503K
AGE
60
TENURE
23.9 yrs

Joseph Tenne

TITLE
External Director
AGE
63
TENURE
4.6 yrs

Meir Nissensohn

TITLE
External Director
AGE
74
TENURE
4.6 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 ($) Value ($)
X
Management checks
We assess MIND C.T.I'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. MIND C.T.I 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.

News

Simply Wall St News

Does MIND C.T.I. Ltd's (NASDAQ:MNDO) Past Performance Indicate A Weaker Future?

Ltd's (NASDAQ:MNDO) latest earnings announcement (31 December 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … I also compare against an industry benchmark to check whether MIND C.T.I's performance has been impacted by industry movements. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 5.9%, indicating the rate at which MNDO is growing has slowed down

Simply Wall St -

Is MIND C.T.I. Ltd's (NASDAQ:MNDO) CEO Salary Justified?

Eisinger Iancu has been the CEO of MIND C.T.I. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Eisinger Iancu's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is MIND C.T.I. Ltd (NASDAQ:MNDO) A High Quality Stock To Own?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows MIND C.T.I has a return on equity of 27% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Do You Know What MIND C.T.I. Ltd's (NASDAQ:MNDO) P/E Ratio Means?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … MIND C.T.I has a price to earnings ratio of 8.77, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What Type Of Shareholder Owns MIND C.T.I. Ltd's (NASDAQ:MNDO)?

Every investor in MIND C.T.I. … With a market capitalization of US$43m, MIND C.T.I is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for MIND C.T.I

Simply Wall St -

Is MIND CTI Ltd's (NASDAQ:MNDO) Balance Sheet Strong Enough To Weather A Storm?

The direct benefit for MIND CTI Ltd (NASDAQ:MNDO), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is MNDO will have to adhere to stricter debt covenants and have less financial flexibility. … Does MNDO's growth rate justify its decision for financial flexibility over lower cost of capital.

Simply Wall St -

Does MIND CTI Ltd's (NASDAQ:MNDO) Past Performance Indicate A Stronger Future?

Below, I will assess MNDO's latest performance announced on 30 September 2018 and weight these figures against its longer term trend and industry movements. … How MNDO fared against its long-term earnings performance and its industry. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 8.1%, indicating the rate at which MNDO is growing has slowed down

Simply Wall St -

Does MIND CTI Ltd's (NASDAQ:MNDO) CEO Salary Compare Well With Others?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Eisinger Iancu's Compensation Compare With Similar Sized Companies. … As you can see, Eisinger Iancu is paid more than the median CEO pay at companies of a similar size, in the same market

Simply Wall St -

MIND CTI Ltd (NASDAQ:MNDO)'s Return on Capital

and looking to gauge the potential return on investment in MIND CTI Ltd (NASDAQ:MNDO). … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently MIND C.T.I is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Does MIND CTI Ltd (NASDAQ:MNDO) Fall With The Market?

Volatility is considered to be a measure of risk in modern finance theory. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … 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 -

Company Info

Description

MIND C.T.I. Ltd., together with its subsidiaries, designs, develops, markets, supports, implements, and operates real-time and off-line convergent billing and customer care software solutions in the United States, the United Kingdom and Rest of Europe, Israel, and internationally. The company offers billing and customer care solution that supports various services, such as voice, data, and content services, as well as prepaid, postpaid, and pay-in-advance payment models in a single platform. Its solutions also include a workflow engine to support the implementation of business processes, including subscriber registration, order management, trouble ticket, and debt collection; and an integral point of sale solution that covers all dealer, store and cashier management, and sales processes. In addition, the company offers professional services comprising installation, turnkey project implementation services, customer support, training and maintenance services, software and process customization, and project management, as well as managed services, including day to day billing operational tasks primarily to its billing and customer care customers. Further, it provides PhonEX-ONE, a call management system that collects, records, and stores call information, which is used by corporations for telecom expense management, call accounting, traffic analysis, and fraud detection. The company offers its products directly, as well as through network equipment vendors and systems integrators, and resellers primarily to communication providers, such as traditional wireline and wireless, voice over IP, broadband IP network operators, LTE operators, cable operators, and mobile virtual network operators. MIND C.T.I. Ltd. was founded in 1995 and is headquartered in Yokne'am Illit, Israel.

Details
Name: MIND C.T.I. Ltd
MNDO
Exchange: NasdaqGM
Founded: 1995
$42,170,395
19,344,218
Website: http://www.mindcti.com
Address: MIND C.T.I. Ltd
Building 7,
Industrial Park,
Yokne'am Illit,
20692,
Israel
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM MNDO Ordinary Shares Nasdaq Global Market US USD 08. Aug 2000
DB MC2 Ordinary Shares Deutsche Boerse AG DE EUR 08. Aug 2000
Number of employees
Current staff
Staff numbers
221
MIND C.T.I employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:49
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2019/03/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.