Analysis Mitcham Industries Inc (MIND)
6/4/2024
Analysis of Mitcham Industries Inc (MIND)
Mitcham Industries Inc (MIND) is showing some interesting trends based on the provided data:1. **Price Movement**: The stock price has been relatively stable around $38.50, with minor fluctuations in the range of $38.50 to $39.69 over the past few days.
2. **Technical Indicators**:
- **RSI Indicator**: The Relative Strength Index (RSI) values are around 51, indicating that the stock is neither overbought nor oversold.
- **MACD Indicator**: The Moving Average Convergence Divergence (MACD) is negative, suggesting a bearish trend. However, the MACD histogram is showing signs of improvement, moving towards the zero line.
- **Moving Averages**: The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) are all relatively close to each other, indicating a stable trend.
3. **Overall Analysis**:
- The stock seems to be trading in a narrow range with no significant price movements.
- The technical indicators suggest a neutral to slightly bearish sentiment.
- Traders may want to wait for a clearer trend or breakout before making any significant trading decisions.
Please note that this analysis is based on the provided data and should be supplemented with additional research before making any investment decisions.
Balance Sheet
These are balance sheets. Here are the conclusions:1. The total assets have been increasing over the years, from $323.9 billion in 2018 to $352.8 billion in 2023.
2. The company has been steadily increasing its shareholders' equity, from $90.5 billion in 2018 to $62.1 billion in 2023.
3. The liabilities have also been increasing, but at a slower pace compared to assets, indicating a healthy financial position.
4. The company has a significant amount of non-current assets, mainly in investments and advances, which have been increasing over the years.
5. The company has been managing its current assets well, with a good amount of cash and cash equivalents on hand.
6. The company has been consistently investing in machinery, furniture, and equipment, as seen in the non-current assets section.
7. Overall, the financial health of the company seems to be stable and improving, with a good balance between assets, liabilities, and shareholders' equity.
Earnings
The company's results for the most recent quarter, ending on April 30, 2025, have not been provided at this time. The previous quarter's results, ending on February 27, 2025, were handled by the Transfer Agent. The quarter before that, ending on January 31, 2025, had results released after hours. The results for the quarter ending on October 31, 2024, were not provided at the time. However, for the quarter ending on August 1, 2024, the company had an EPS estimate of 1.32.Main Statystic ðŸ§
The data provided includes financials, stock statistics, valuation metrics, stock price summary, and dividends and splits information for a specific company.In terms of financials, the company has strong operating cash flow and levered free cash flow, with a positive current ratio and a high total debt to equity ratio. The profit margin and operating margin are also healthy, indicating efficient operations. The company's fiscal year ends in September 2023, and the most recent quarter reported is March 31, 2024. The company shows good returns on assets and equity.
Looking at stock statistics, the company has a low short ratio and a significant percentage of shares held by institutions. The stock has a beta of 1.264 and has shown a slight increase in the fifty-two week range.
Valuation metrics show a high PEG ratio and forward PE ratio, with a relatively high price to book and price to sales ratios. The company's market capitalization and enterprise value are substantial.
The stock price summary includes moving averages, fifty-two week high and low prices, and the percentage change in the fifty-two week range.
Lastly, dividends and splits information shows the company's dividend dates, payout ratios, and dividend yields, as well as details on past stock splits.
Income statement 💸
These are the revenues. Here are the conclusions:1. The company's sales revenue has been increasing steadily over the years, from $274.5 billion in 2020 to $383.3 billion in 2023.
2. Despite fluctuations in other financial metrics, the sales revenue has shown a consistent upward trend.
3. The company has managed to grow its top line consistently, indicating strong market demand for its products or services.
4. Increasing sales revenue can be a positive indicator of the company's overall financial health and growth potential.
Cash Flow 💶
This is a cash flow statement. Here are some conclusions we can draw from the data:1. The company's free cash flow has been fluctuating over the years, with the highest value in 2022 and the lowest in 2020.
2. Operating cash flow has generally been increasing, indicating improved operational efficiency.
3. The company has been consistently paying interest and income taxes, with varying amounts each year.
4. The end cash position has also been fluctuating, reaching its highest value in 2020.
5. Financing activities show significant cash outflows, mainly due to common stock repurchases and debt payments.
6. Investing activities have also seen significant cash flows, with the company making investments and acquisitions while also divesting assets.
7. Stock-based compensation has been a significant non-cash item impacting the company's cash flow.
8. Overall, the company's cash flow statement reflects a mix of operational, financing, and investing activities that have influenced its financial position over the years.
Earnings estimate
Based on the analysts' estimates for future quarterly and annual earnings per share (EPS):1. For the current quarter ending on June 30, 2024, the average EPS estimate is $1.23, with a low estimate of $1.18 and a high estimate of $1.26. This shows an improvement compared to the EPS of $1.17 from the same quarter a year ago.
2. For the next quarter ending on September 30, 2024, the average EPS estimate is $1.42, with a low estimate of $1.33 and a high estimate of $1.51. This is also an increase from the EPS of $1.35 in the same quarter last year.
3. Looking at the current fiscal year ending on September 30, 2024, the average EPS estimate is $6.10, ranging from a low estimate of $5.95 to a high estimate of $6.41. This reflects growth compared to the EPS of $5.67 from the previous fiscal year.
4. For the next fiscal year ending on September 30, 2025, the average EPS estimate is $6.69, with a low estimate of $5.92 and a high estimate of $7.31. This indicates a potential increase from the EPS of $6.10 in the current fiscal year.
Overall, the analysts' estimates suggest a positive outlook for the company's earnings per share, showing growth potential in both the upcoming quarters and fiscal years.
Revenue estimate
Based on the analysts' estimates for the future quarterly and annual sales of the company, we can draw the following conclusions:1. For the current quarter ending on June 30, 2024, the average sales estimate is $77,545,400,000, with a sales growth of 2% compared to the same quarter last year. The number of analysts providing estimates is 25.
2. For the next quarter ending on September 30, 2024, the average sales estimate is $85,501,800,000, with a sales growth of 3% compared to the same quarter last year. The number of analysts providing estimates is 25.
3. For the current fiscal year ending on September 30, 2024, the average sales estimate is $357,772,000,000, with a sales growth of 1% compared to the previous fiscal year. The number of analysts providing estimates is 38.
4. For the next fiscal year ending on September 30, 2025, the average sales estimate is $380,772,000,000, with a sales growth of 6% compared to the current fiscal year. The number of analysts providing estimates is 38.
These estimates suggest a moderate growth trend in both quarterly and annual sales for the company, with slightly higher growth expected in the next fiscal year compared to the current one.
Growth estimates
Based on the consensus estimates provided:- The current year growth rate is 7.6%
- The next quarter growth rate is 5.1%
- The current quarter growth rate is 5.1%
- The next year growth rate is 9.7%
- The average annual growth rate for the next 5 years is 9.7%
- The average annual growth rate for the past 5 years is 20.1%
It can be observed that the company is expected to experience a significant increase in growth compared to the past 5 years, with a particularly strong growth forecast for the next year and the next 5 years. This indicates positive expectations and potential for expansion in the near future.
Price target
The analysts' forecast for the future price of the security is as follows:- Low: $164
- High: $275
- Median: $201.43
- Average: $204.58
- Current price: $192.25
Based on these forecasts, it appears that the analysts are generally optimistic about the future price of the security, with a median estimate of $201.43 and an average estimate of $204.58. However, it's worth noting that there is a wide range of forecasts, from a low of $164 to a high of $275. The current price of the security is $192.25, which is below both the median and average forecasted prices.
MACD of MIND
This is not investment advice. Remember to verify the information provided here.
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