MIND Technology, Inc. (MIND) vs Sono-Tek Corporation (SOTK)

MIND Technology, Inc. and Sono-Tek Corporation are both Scientific & Technical Instruments companies. Sono-Tek Corporation is the larger, with a market value of $75.0M against $41.2M — 1.8× the size. MIND Technology, Inc. has negative trailing earnings, so its P/E is not meaningful; Sono-Tek Corporation trades at 38.0×. Sono-Tek Corporation grew revenue faster over the last twelve months: 4.04% against −28.5%. Sono-Tek Corporation has the higher net margin (9.62% vs −6.77%) and the higher return on invested capital (35.4% vs −2.37%). Across the 18 metrics below, Sono-Tek Corporation leads on 13 and MIND Technology, Inc. on 5.

Valuation

Metric MIND SOTK Scientific & Technical Instruments median
P/E n/m 38.00 35.93
P/S 1.16 3.62 4.46
P/B 1.00 3.77 3.00
Price to free cash flow n/m 13.31 24.96
EV/EBITDA n/m 21.88 19.60
EV/Sales 0.75 2.93 4.98
Earnings yield (5.93%) 2.63% 0.53%
Free cash flow yield (9.61%) 7.51% 1.12%

Profitability

Metric MIND SOTK Scientific & Technical Instruments median
Gross margin 42.24% 51.82% 45.75%
Operating margin (2.67%) 10.44% 7.34%
Net margin (6.77%) 9.62% 1.56%
Free cash flow margin (11.10%) 27.31% 5.84%
Return on equity (6.81%) 10.61% 2.87%
Return on assets (5.71%) 8.37% 0.99%
Return on invested capital (2.37%) 35.35% 3.88%

Growth

Metric MIND SOTK Scientific & Technical Instruments median
Revenue growth (TTM) (28.46%) 4.04% 11.28%
EPS growth (last fiscal year) (92.77%) 37.50% —
Revenue growth, 5-year CAGR 12.12% 7.11% 7.89%
Net income growth, 5-year CAGR 0.00% 10.01% 0.00%

Health

Metric MIND SOTK Scientific & Technical Instruments median
Debt to equity 0.00 0.00 0.00
Current ratio 6.92 4.37 2.24
Net debt to EBITDA (5.11) (5.94) 0.44

Dividend

Metric MIND SOTK Scientific & Technical Instruments median
Dividend yield — — 0.72%
Payout ratio 0.00 0.00 0.00

Size

Metric MIND SOTK Scientific & Technical Instruments median
Market cap 41.17m 74.97m 483.67m

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