PowerFleet, Inc.

NYSE:MIXT Lagerbericht

Marktkapitalisierung: US$320.8m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

MiX Telematics Vergangene Ertragsentwicklung

Vergangenheit Kriterienprüfungen 1/6

MiX TelematicsDie Gewinne des Unternehmens sind mit einer durchschnittlichen jährlichen Rate von -23.8% zurückgegangen, während in der Branche Software die Gewinne wachsen. Die Umsatzerlöse sind gewachsen mit einer durchschnittlichen Rate von 0.7% pro Jahr. MiX Telematics Die Eigenkapitalrendite des Unternehmens beträgt 5.2%, und die Nettomargen liegen bei 3.7%.

Wichtige Informationen

-23.80%

Wachstumsrate der Gewinne

-23.41%

EPS-Wachstumsrate

Software Wachstum der Industrie17.33%
Wachstumsrate der Einnahmen0.74%
Eigenkapitalrendite5.17%
Netto-Marge3.72%
Letzte Ertragsaktualisierung31 Dec 2023

Jüngste Aktualisierungen vergangener Leistungen

Recent updates

Seeking Alpha • Dec 26

MiX Telematics Seeks Merger With PowerFleet Amid Challenged Growth

Summary MiX Telematics Limited plans to merge with U.S.-based PowerFleet, which could lead to potential gains and cost-effective pursuit of larger deals. The global market for automotive telematics is expected to reach nearly $179.5 billion by 2030, driving growth for companies like MiX Telematics. MiX Telematics has shown slow revenue growth and a decline in operating income, but its financial position and free cash flow are stable. Until the merger is completed and new management is able to ignite meaningful revenue growth, I'm Neutral [Hold] on MiX Telematics Limited stock. Read the full article on Seeking Alpha
Seeking Alpha • Sep 28

MiX Telematics Contends With Slow Sales Cycles As Macro Headwinds Remain

Summary MiX Telematics Limited provides vehicle and mobile asset tracking and management software globally. Revenue growth is challenged by lengthening sales cycles and a strong U.S. dollar environment. The company is correct to focus on premium fleet prospects, but I remain Neutral [Hold] on MiX Telematics for the near term. Read the full article on Seeking Alpha
Seeking Alpha • Jul 18

MiX Telematics: AI, Low Valuation, Pristine Balance Sheet, Growth, Dividend

Summary MiX Telematics combines profitability, low valuation, pristine balance sheet, growth with dividend. Outlook is bright with more growth on the horizon thanks also to the company's artificial intelligence offerings. MIXT recently increased the dividend, which is a strong indicator that it's confident about its cash flows in the foreseeable future. MIXT has repurchased its shares over the last twelve months at an average price of $8.57 per ADS. I believe that MIXT could outperform in the next twelve months. Read the full article on Seeking Alpha
Seeking Alpha • Jun 23

MiX Telematics Results Flatten As Headwinds Mount

Summary MiX Telematics Limited reported its FQ4 2023 financial results on May 25, 2023. The firm provides an array of fleet tracking and telematics products and services worldwide. MiX Telematics' financial results have been leveling off amid increasingly challenging macroeconomic conditions. I remain Neutral [Hold] on MiX Telematics stock in the near term. Read the full article on Seeking Alpha
Seeking Alpha • Jan 26

MiX Telematics Non-GAAP EPS of $0.04, revenue of $37.8M

MiX Telematics press release (NYSE:MIXT): Q3 Non-GAAP EPS of $0.04. Revenue of $37.8M (+4.4% Y/Y). Subscription revenue of $32.5 million, up 17% year-over-year (constant currency) Annual recurring revenue (“ARR”) of $131.8 million, up 17% year-over-year (constant currency) Record net quarterly organic subscriber additions of 44,600, bringing the total base to over 959,000 Net income of $2.8 million, up from $0.6 million in the prior year Adjusted EBITDA of $8.4 million, at an Adjusted EBITDA margin of 22.2% (up from $6.0 million, at an Adjusted EBITDA margin of 17.0%, in the prior quarter) Net cash from operating activities of $11.2 million Free cash flow of $5.9 million
Seeking Alpha • Nov 16

MiX Telematics goes ex-dividend tomorrow

MiX Telematics (NYSE:MIXT) had declared $0.041/share quarterly dividend, -31.7% decrease from prior dividend of $0.060. Payable NA; for shareholders of record Nov. 18; ex-div Nov. 17. See MIXT Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Oct 22

MiX Telematics Offers A Solid Risk/Reward Ratio Here

Summary MiX Telematics is a leader in the global fleet and asset telematics sector offering a host of sophisticated services on a SaaS platform generating 60%+ gross margins. The telematics market is a huge market still in the early innings, providing a long runway for the company. The company's solutions produce solid ROIs for customers blunting any recessionary headwinds. While the company is facing some headwinds, most notably in the currency markets, it's still adding 20K subscribers a quarter. We think that the 1x EV/S valuation for this SaaS company generating 60%+ gross margins is cheap. It has been some time since we looked at MiX Telematics (MIXT), a worldwide provider of advanced telematics solutions for fleets and assets with a presence in 120 countries, based on a SaaS subscription business model. Given the number of headwinds the company has been facing, they have actually been doing quite well, but the shares have suffered with the rest of small growth stocks. FinViz Quick introduction Here is a little overview of the types of services the company offers, they are quite a sophisticated telematics player (company IR presentation): MIXT IR presentation The company integrates these in its SaaS platform, a highly attractive business model. These services generate a host of data which is the basis of analytics, solving a host of problems like (10-K): to reduce fuel and other operating costs, improve efficiency, enhance regulatory compliance, enhance driver safety, manage risk and mitigate theft. Our solutions mostly rely on our proprietary, highly scalable technology platforms, which allow us to collect, analyze and deliver information based on data from our customers' vehicles. MIXT IR presentation The company's offerings solve a host of solutions for customers (10-K): For example, for fleet efficiency, we offer vehicle tracking and analysis, fuel consumption and mileage analysis; for regulatory compliance, we offer compliance monitoring, hours of service tracking and fuel tax reporting; for driver improvement, we offer in-vehicle video monitoring and in-cab real-time driver feedback; for risk management, we offer driver scoring and analysis and journey management; and for safety and security, we offer vehicle and asset tracking, crash notifications and vehicle theft recovery. And there is more, like BI (business intelligence), from the 10-K: Our fleet management software is designed to provide our customers with insightful, actionable business intelligence on demand. For example, our premium fleet solution, MiX Fleet Manager, includes data reporting and analysis tools with more than 110 standard reports and the ability for customers to request custom fleet, vehicle and driver reports. We also offer a premium web-based business intelligence engine with enhanced analytics, reporting and data visualization tools for those customers seeking to perform highly granular analyses of large quantities of historical and real-time data and make the data available to customers in the format of their choice. Last year, the company launched MiX Vision AI in order to serve the video telematics market, a relatively new addition to the industry. MIXT IR presentation Management argues that this, in combination with in-vehicle telematics, generates a strong ROI for users: MIXT website They even have their own phone app: MIXT IR presentation This breadth of services generates significant upselling opportunities which are interesting for instance in the OEM deals the company has with a number of car manufacturers: MIXT IR presentation Isuzu was the latest of these, a win in Q1/23 and they will even install the MiX devices on their production lines and as a result, they will pay MiX subscription revenues. From the Q1CC: The agreement will see MiX's fleet and asset tracking technologies installed on their production line on all vehicles in 3 commercial ranges produced in South Africa. Branded locally as Isuzu insights. The solution will be used by Isuzu to provide value-added services to their clients and also presents a significant upsell opportunity for MiX. Headwinds Pandemic Supply issues Inflation Russia Customer slip Currencies FY21 was the only year of subscriber contraction (minus 73.8K) due to the pandemic but the pandemic has generated a host of additional issues like supply chain bottlenecks and rising costs. Supply chain issues at customers keep backlog high and the company has pre-emptively started to buy critical parts in order to deal with supplier price gouging and scarcity. A new customer from South Africa was expected to start generating revenues in Q1 but this now has moved to Q2. There is also a significant currency headwind, especially as most new subscribers (23.2M in Q1) came from South Africa where the rand tumbled 10% against the US dollar and the currency problems are general as the US dollar has strengthened against most world currencies. The currency headwinds alone shaved $10M+ from net income in Q1. Then there is Russia as MiX withdrew from the country which declined ARR by $200K, which is a pity as this was a high ARPU customer. The company is also facing increased costs but long-term contracts prevent immediate cost pass-through (in South Africa, which is a main market for the company, contracts are indexed so they are relatively safe from inflation). There was also a huge flooding in South Africa which totaled 400 cars of a customer, delaying some revenue streams. Growth The company has a huge market opportunity as the telematics industry is still in the early innings: MIXT IR presentation While the company is now over the pandemic dip: YCharts But the company has been doing reasonably well the last couple of quarters with 20K+ subscriber wins in each of the last three quarters. The company had a total of 838.3K subscribers at the end of Q1/21 adding 11% or 23.2K subscribers in Q1 (y/y). Total revenue came in at $35.1M (of which subscription revenues at $31M), representing constant currency increases of 7.3% and 6.3% respectively. ARR was $123.2M, up 1% q/q and 7% y/y on a constant currency basis. There were quite a few new customer wins in Q1: MIXT IR presentation
Seeking Alpha • Aug 31

MiX Telematics wins a 5-year contract in Australia

MiX Telematics (NYSE:MIXT) announced that MiX Telematics Australasia has won a contract for power provider, Horizon Power, in Western Australia. The company will provide a solution to improve driver behaviour with sophisticated video telematics and driver engagement tools. Horizon Power's 130-strong fleet of vehicles will be fitted with a range of safety and efficiency promoting solutions from MiX, all of which will work synergistically to provide cutting-edge actionable intelligence to develop and improve key metrics across the company. "We're very pleased that such a reputable power provider is entrusting MiX to deliver actionable information to improve driver safety, efficiency, and compliance. We look forward to working with Horizon Power well into the future to help make their fleet and drivers safer," remarks Managing Director for MiX Telematics Australasia, Brodie von Berg.
Seeking Alpha • Aug 25

MiX Telematics to acquire Trimble's field service management business

MiX Telematics (NYSE:MIXT) has signed a deal to acquire Trimble's (NASDAQ:TRMB) Field Service Management business, announced the fleet management solution company on Thursday. Financial terms of the deal were not disclosed. The acquisition will be immediately accretive to MiX (MIXT) and bring over 40,000 members to its subscriber base. Trimble's FSM business has been reported as part of the Trimble Transportation segment. The sale will not have a material financial impact on the segment or Trimble's overall financial results. Commenting on the deal, MiX Telematics CEO Stefan Joselowitz said, "The MiX and Trimble Field Service Management teams are working very closely together to ensure a seamless transition. The combination adds significant scale to our North American telematics subscriber base while diversifying that business into additional industry verticals. North America is a strategic priority for MiX, and we are well positioned to pursue M&A opportunities to bolster our regional organic growth investment."
Seeking Alpha • Aug 17

MiX Telematics goes ex dividend tomorrow

MiX Telematics (NYSE:MIXT) declares $0.06/share quarterly dividend, -3.2% decrease from prior dividend of $0.06. Forward yield 2.95% Payable Sept. 1; for shareholders of record Aug. 19; ex-div Aug. 18. See MIXT Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jul 28

MiX Telematics GAAP EPS of $0.00 misses by $0.08, revenue of $35.1M misses by $0.91M

MiX Telematics press release (NYSE:MIXT): Q1 GAAP EPS of $0.00 misses by $0.08. Revenue of $35.1M (+0.6% Y/Y) misses by $0.91M. Subscription Revenues: Subscription revenues were $31.0 million, compared to $31.1 million for the first quarter of fiscal year 2022. Income From Operations: Income from operations was $2.4 million, compared to $4.3 million for the first quarter of fiscal year 2022. Operating income margin was 6.9%, compared to 12.4% for the first quarter of fiscal year 2022. Operating expenses of $19.3 million increased by $0.8 million, or 4.3%, compared to the first quarter of fiscal year 2022.
Seeking Alpha • May 10

MiX Telematics: Dividend May Come Under Pressure Shortly

Shares seem to undergo a descending triangle (bearish). Earnings Estimates continue to come in significantly. The stock's high payout ratio means the company needs growth and fast.
Seeking Alpha • Aug 12

MiX Telematics Showing Continued Strength Of Their Solutions

Despite a slowdown from COVID, MiX's track record of growth coupled with their growing bundled solution suggest reasonable upside ahead. Given their cash flow dynamics, management's demonstrated competence at capital allocation, and the contractual nature of demand, the downside is seemingly protected at these levels. With high incremental margins on top of HSD%+ expected top-line growth, MiX's current valuation of under 8x EBITDA ($14.3/share) provides a favorable risk/reward with 3-year upside of $20+ per share.

Aufschlüsselung der Einnahmen und Ausgaben

Wie MiX Telematics Geld verdient und ausgibt. Basierend auf den neuesten gemeldeten Einnahmen der letzten zwölf Monate.

Gewinn- und Umsatzhistorie

NYSE:MIXT Einnahmen, Ausgaben und Erträge (USD Millions)
DatumEinnahmenGewinnAllgemeine und VerwaltungskostenF&E-Ausgaben
31 Dec 231506780
30 Sep 231497770
30 Jun 231465770
31 Mar 231455770
31 Dec 221446790
30 Sep 221434780
30 Jun 221436770
31 Mar 221439760
31 Dec 211428730
30 Sep 2113914700
30 Jun 2113416670
31 Mar 2112715640
31 Dec 201299650
30 Sep 201319670
30 Jun 201378690
31 Mar 2014611720
31 Dec 1914819740
30 Sep 1915419760
30 Jun 1914819740
31 Mar 1914415720
31 Dec 1813313670
30 Sep 1813114670
30 Jun 1812912670
31 Mar 1813214720
31 Dec 1713312730
30 Sep 171199650
30 Jun 171209680
31 Mar 171159660
31 Dec 161128670
30 Sep 161109670
30 Jun 1610212620
31 Mar 1610012600
31 Dec 159414550
30 Sep 1510314590
30 Jun 1511614660
31 Mar 1511412640
31 Dec 1411913670
30 Sep 1411714660
30 Jun 1412213670
31 Mar 1412114650
31 Dec 1311714600
30 Sep 1312113600
30 Jun 1312013590
31 Mar 1312714610

Qualität der Erträge: MIXT hat hohe Qualitätseinkünfte.

Wachsende Gewinnspanne: MIXTDie aktuellen Gewinnspannen (3.7%) sind niedriger als im letzten Jahr (4%).

Analyse von freiem Cashflow und Gewinn

Analyse des Gewinnwachstums in der Vergangenheit

Ergebnisentwicklung: MIXTDie Erträge des Unternehmens sind in den letzten 5 Jahren um 23.8% pro Jahr zurückgegangen.

Beschleunigtes Wachstum: MIXTDas Unternehmen hat im vergangenen Jahr ein negatives Gewinnwachstum verzeichnet, so dass es nicht mit seinem 5-Jahres-Durchschnitt verglichen werden kann.

Erträge im Vergleich zur Industrie: MIXT hatte im vergangenen Jahr ein negatives Gewinnwachstum (-2.9%), was einen Vergleich mit dem Branchendurchschnitt Software (13%) erschwert.

Eigenkapitalrendite

Hohe Eigenkapitalrendite: MIXTDie Eigenkapitalrendite des Unternehmens (5.2%) wird als niedrig angesehen.

Kapitalrendite

Rendite auf das eingesetzte Kapital

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Unternehmensanalyse und Finanzdaten Status

DatenZuletzt aktualisiert (UTC-Zeit)
Unternehmensanalyse2024/03/26 19:42
Aktienkurs zum Tagesende2024/03/26 00:00
Gewinne2023/12/31
Jährliche Einnahmen2023/03/31

Datenquellen

Die in unserer Unternehmensanalyse verwendeten Daten stammen von S&P Global Market Intelligence LLC. Die folgenden Daten werden in unserem Analysemodell verwendet, um diesen Bericht zu erstellen. Die Daten sind normalisiert, was zu einer Verzögerung bei der Verfügbarkeit der Quelle führen kann.

PaketDatenZeitrahmenBeispiel US-Quelle *
Finanzdaten des Unternehmens10 Jahre
  • Gewinn- und Verlustrechnung
  • Kapitalflussrechnung
  • Bilanz
Konsensschätzungen der Analysten+3 Jahre
  • Finanzielle Vorausschau
  • Kursziele der Analysten
Marktpreise30 Jahre
  • Aktienkurse
  • Dividenden, Splits und Aktionen
Eigentümerschaft10 Jahre
  • Top-Aktionäre
  • Insiderhandel
Verwaltung10 Jahre
  • Das Führungsteam
  • Direktorium
Wichtige Entwicklungen10 Jahre
  • Ankündigungen des Unternehmens

* Beispiel für US-Wertpapiere, für nicht-US-amerikanische Wertpapiere werden gleichwertige regulatorische Formulare und Quellen verwendet.

Sofern nicht anders angegeben, beziehen sich alle Finanzdaten auf einen Jahreszeitraum, werden aber vierteljährlich aktualisiert. Dies wird als Trailing Twelve Month (TTM) oder Last Twelve Month (LTM) Daten bezeichnet. Erfahren Sie mehr.

Analysemodell und Schneeflocke

Einzelheiten zu dem Analysemodell, mit dem dieser Bericht erstellt wurde, finden Sie auf unserer Github-Seite. Außerdem bieten wir Leitfäden zur Verwendung unserer Berichte und Tutorials auf YouTube an.

Erfahren Sie mehr über das Weltklasse-Team, das das Simply Wall St-Analysemodell entworfen und entwickelt hat.

Metriken für Industrie und Sektor

Unsere Branchen- und Sektionskennzahlen werden alle 6 Stunden von Simply Wall St berechnet. Details zu unserem Verfahren finden Sie auf Github.

Analysten-Quellen

PowerFleet, Inc. wird von 4 Analysten beobachtet. 2 dieser Analysten hat die Umsatz- oder Gewinnschätzungen übermittelt, die als Grundlage für unseren Bericht dienen. Die von den Analysten übermittelten Daten werden im Laufe des Tages aktualisiert.

AnalystEinrichtung
Thomas WalkleyCanaccord Genuity
Brian SchwartzOppenheimer & Co. Inc.
Brian PetersonRaymond James & Associates