NCS Multistage Holdings (NCSM) versus Mitcham Industries (NASDAQ:MIND) Financial Review

Mitcham Industries (NASDAQ: MIND) and NCS Multistage Holdings (NASDAQ:NCSM) are both small-cap oils/energy companies, but which is the superior business? We will contrast the two companies based on the strength of their valuation, analyst recommendations, risk, profitability, earnings, institutional ownership and dividends.

Analyst Ratings

This is a summary of current ratings and price targets for Mitcham Industries and NCS Multistage Holdings, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Mitcham Industries 0 0 0 0 N/A
NCS Multistage Holdings 0 1 7 0 2.88

NCS Multistage Holdings has a consensus target price of $29.00, suggesting a potential upside of 32.66%. Given NCS Multistage Holdings’ higher possible upside, analysts clearly believe NCS Multistage Holdings is more favorable than Mitcham Industries.

Insider & Institutional Ownership

68.8% of Mitcham Industries shares are owned by institutional investors. Comparatively, 0.3% of NCS Multistage Holdings shares are owned by institutional investors. 9.7% of Mitcham Industries shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Earnings and Valuation

This table compares Mitcham Industries and NCS Multistage Holdings’ gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio EBITDA Earnings Per Share Price/Earnings Ratio
Mitcham Industries $47.70 million 0.82 -$24.80 million ($2.49) -1.30
NCS Multistage Holdings $159.58 million 5.97 $27.57 million N/A N/A

NCS Multistage Holdings has higher revenue and earnings than Mitcham Industries.

Profitability

This table compares Mitcham Industries and NCS Multistage Holdings’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Mitcham Industries -61.58% -36.70% -29.47%
NCS Multistage Holdings N/A N/A N/A

Summary

NCS Multistage Holdings beats Mitcham Industries on 8 of the 10 factors compared between the two stocks.

About Mitcham Industries

Mitcham Industries, Inc. is a provider of equipment to the geophysical, oceanographic and hydrographic industries. The Company operates through two segments. The Equipment Leasing segment is primarily engaged in the leasing of seismic equipment to companies in the oil and gas industry across the world. The Equipment Manufacturing and Sales segment is engaged in the design, production and sale of marine seismic equipment, and oceanographic and hydrographic equipment. Its leasing business includes Mitcham Canada ULC, Seismic Asia Pacific Pty Ltd., Mitcham Seismic Eurasia LLC, Mitcham Europe Ltd. and Mitcham Marine Leasing Pte. Ltd. The Equipment Manufacturing and Sales Segment includes its Seamap International Holdings Pte, Ltd. (Seamap) business and Klein Marine Systems, Inc. (Klein). Seamap designs, manufactures and sells a range of products for the seismic, hydrographic and offshore industries. Klein develops and manufactures high performance side scan sonar systems.

About NCS Multistage Holdings

NCS Multistage Holdings, Inc. is a provider of engineered products and support services for oil and natural gas well completions and field development strategies. The Company’s products and services include Multistage Unlimited, casing-installed sliding sleeves, downhole frac isolation assembly, AirLock casing buoyancy system and liner hanger systems. The Company provides products and services primarily to exploration and production (E&P) companies for use in onshore wells, predominantly wells that have been drilled with horizontal laterals in unconventional oil and natural gas formations. The Company’s products and services are utilized in oil and natural gas basins throughout North America and in selected international markets, including Argentina, China and Russia.

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