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 $96.0M against $38.9M — 2.5× the size. MIND Technology, Inc. has negative trailing earnings, so its P/E is not meaningful; Sono-Tek Corporation trades at 50.0×. Sono-Tek Corporation grew revenue faster over the last twelve months: 4.37% against −28.5%. Sono-Tek Corporation has the higher net margin (9.32% vs −6.77%) and the higher return on invested capital (41.5% 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 49.96 33.25
P/S 1.13 4.50 4.50
P/B 0.97 4.60 2.90
Price to free cash flow n/m 13.43 24.81
EV/EBITDA n/m 28.94 17.92
EV/Sales 0.88 3.76 4.71
Earnings yield (6.09%) 2.00% 0.60%
Free cash flow yield (9.85%) 7.45% 1.27%

Profitability

Metric MIND SOTK Scientific & Technical Instruments median
Gross margin 42.24% 52.48% 45.75%
Operating margin (2.67%) 10.23% 7.34%
Net margin (6.77%) 9.32% 1.56%
Free cash flow margin (11.10%) 33.63% 5.84%
Return on equity (6.81%) 10.08% 2.87%
Return on assets (5.71%) 8.09% 0.99%
Return on invested capital (2.37%) 41.53% 3.88%

Growth

Metric MIND SOTK Scientific & Technical Instruments median
Revenue growth (TTM) (28.46%) 4.37% 11.15%
EPS growth (last fiscal year) (92.77%) 37.50% 11.47%
Revenue growth, 5-year CAGR 14.06% 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 4.42 2.24
Net debt to EBITDA (5.11) (5.94) 0.44

Dividend

Metric MIND SOTK Scientific & Technical Instruments median
Dividend yield — — 0.58%
Payout ratio — — 0.36

Size

Metric MIND SOTK Scientific & Technical Instruments median
Market cap 38.90m 95.95m 444.25m

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