This is the most undervalued technology stock on the NASDAQ in June 2018. I’ll take you though some of the financial fundamentals for Mind CTI and show why I think it is the most undervalued technology stock on the NASDAQ in June 2018. Do you think there’s a more undervalued technology stock on the NASDAQ in June 2018? Leave a comment below!
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The dividend stock I like right now is Mind CTI, it’s a provider of billing and customer care solutions for voice, data, video and content services.
Let’s take a look at some of their fundamentals and compare them with two of the largest companies in the same industry, Broadcom incorporated, and Evolving Systems incorporated.
Mind has a PE ratio of 7.5, indicating it’s fairly priced when compared to Broadcom at 14.2 and Evolving Systems at 19.7.
Mind also has a reasonable PB ratio at 2.6, compared to 4.1 for Broadcom and 1.1 for Evolving Systems. Technology stocks do tend to have slightly high PB ratios.
Mind is achieving impressive profit growth rates, with the average profit growth of 40% for the last 5 years. Broadcom has seen a horrific annual fall of 50% and Evolving Systems has remained quite neutral at -4% per year.
Mind also has a strong return on equity at 26.7%, especially compared to Broadcom 8.3% and Evolving Systems 7.3%
Mind has a very impressive debt to equity ratio for a technology stock at 0.3. Broadcom has a debt to equity ratio of 1.68 and Evolving Systems is extremely high at 0.65.
All in all, Mind CIT is a technology showing strong fundaments and currently trading at a very undervalued price when compared to its competitors, it’s producing good profits and debts are low, giving them a great platform for the future. I believe this could be a great stock for anyone looking for a value investment in the technology sector.
The Most Undervalued Technology Stock on the NASDAQ in June 2018