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Earnings warning

Mind Technology

NAQ:MIND · US6025663096
Energy Equipment & ServicesSmall

360

44
EV / EBIT28
Price / Owner Earnings23
Owner Earnings Yield60
Dividend Yield1
Price/Sales82
EV / Gross Profit90
Price/Book70
Return on Capital49
Cash Return on Capital42
Return on Equity30
EBIT Margin51
Gross Profitability87
Cash Conversion6
Accruals3
Owner Earnings Margin48
Sales growth14
Profit Growth37
Long-Term EPS Growth9
Owner Earnings Growth15
Reinvestment17
Price momentum37
Debt load89
Refinancing98
Debt Payback100
Liquidity
Analyst ratings100
Opinion Changes50
Price Target Upside98
Market mood51
Value Creation6/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Mind Technology doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryUSA
IndustryEnergy Equipment & Services
SizeSmall
TypePublic Company
ExchangeNASDAQCM
Founded1987
Employees28
ISINUS6025663096
Last UpdateApr 2, 2026
Themes
DefenseTechDetectors, Sensors and MemsOcean Data CollectionEnergyOil and Gas

Description

MIND Technology, Inc. (MIND) provides technology to the oceanographic, hydrographic, seismic, and maritime security industries. The company has a global presence, with key operating locations in the United States, Singapore, Malaysia, and the United…

Analysis

Middle-of-the-road

MIND Technology, Inc. is a middle-of-the-road business: neither the economics nor the price stand out from the peer group. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is expensive. You pay 28.0× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone.

The trajectory is tepid and the balance sheet is sturdy. The company scores 6/20 on our value-creation score: not creating value.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →