View Financial HealthMustek 配当と自社株買い配当金 基準チェック /26Mustek配当を支払う会社であり、現在の利回りは0.96%で、収益によって十分にカバーされています。主要情報1.0%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回りn/a配当成長6.3%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向10%最近の配当と自社株買いの更新Declared Dividend • Sep 22Dividend of R0.075 announcedShareholders will receive a dividend of R0.075. Ex-date: 9th October 2024 Payment date: 14th October 2024 Dividend yield will be 11%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 65% to shift the payout ratio to a potentially unsustainable range, which is more than the 24% EPS decline seen over the last 5 years.Upcoming Dividend • Oct 04Upcoming dividend of R0.77 per share at 5.1% yieldEligible shareholders must have bought the stock before 11 October 2023. Payment date: 16 October 2023. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (1.8%).お知らせ • Sep 20Mustek Limited Declares Final Dividend for the Year Ended 30 June 2023, Payable on 16 October 2023Mustek Limited announced that a final dividend of 77 cents per ordinary share for the year ended 30 June 2023 is declared, payable to shareholders recorded in the books of the company at the close of business on the record date appearing below. The salient dates applicable to the final dividend are as follows: First day to trade ex dividend is 11 October 2023. Record date is 13 October 2023. Payment date is 16 October 2023.Upcoming Dividend • Sep 28Upcoming dividend of R0.76 per shareEligible shareholders must have bought the stock before 05 October 2022. Payment date: 10 October 2022. Payout ratio is a comfortable 22% and the cash payout ratio is 75%. Trailing yield: 5.2%. Lower than top quartile of German dividend payers (5.4%). Higher than average of industry peers (2.2%).すべての更新を表示Recent updatesBoard Change • May 20Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Chairman Lenamile Mophatlane was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Feb 13Mustek Limited to Report First Half, 2026 Results on Feb 25, 2026Mustek Limited announced that they will report first half, 2026 results on Feb 25, 2026お知らせ • Oct 10Mustek Limited, Annual General Meeting, Nov 20, 2025Mustek Limited, Annual General Meeting, Nov 20, 2025. Location: mustek`s head office, 322 15th road, randjespark, midrand, South Africaお知らせ • Sep 17Mustek Limited to Report Fiscal Year 2025 Results on Sep 19, 2025Mustek Limited announced that they will report fiscal year 2025 results on Sep 19, 2025お知らせ • Mar 03Mustek Limited to Report First Half, 2025 Results on Mar 06, 2025Mustek Limited announced that they will report first half, 2025 results on Mar 06, 2025お知らせ • Oct 07Mustek Limited, Annual General Meeting, Nov 21, 2024Mustek Limited, Annual General Meeting, Nov 21, 2024. Location: mustek`s head office at 322, 15th road, randjespark, midrand, South AfricaNew Risk • Sep 24New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (€39.2m market cap, or US$43.8m).Declared Dividend • Sep 22Dividend of R0.075 announcedShareholders will receive a dividend of R0.075. Ex-date: 9th October 2024 Payment date: 14th October 2024 Dividend yield will be 11%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 65% to shift the payout ratio to a potentially unsustainable range, which is more than the 24% EPS decline seen over the last 5 years.Reported Earnings • Sep 20Full year 2024 earnings released: EPS: R0.37 (vs R3.77 in FY 2023)Full year 2024 results: EPS: R0.37 (down from R3.77 in FY 2023). Revenue: R8.51b (down 16% from FY 2023). Net income: R21.4m (down 90% from FY 2023). Profit margin: 0.3% (down from 2.2% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Sep 19+ 1 more updateMustek Limited Provides Earnings Guidance for the Year Ended 30 June 2024Mustek Limited provided earnings guidance for the year ended 30 June 2024. For the period, the company revised headline earnings per share is expected to be between 80% and 90% lower than reported in the comparative period at between 3,752 cents and 7,504 cents (30 June 2023: 37,518 cents). Basic earnings per share is expected to remain to be between 85% and 95% lower than reported in the comparative period at between 1,863 cents and 5,589 cents (30 June 2023: 37,261 cents).お知らせ • Sep 12Mustek Limited to Report Fiscal Year 2024 Results on Sep 19, 2024Mustek Limited announced that they will report fiscal year 2024 results on Sep 19, 2024Board Change • Aug 09Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Pamella Marlowe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jul 25An undisclosed buyer acquired an unknown minority stake in Mustek Limited (JSE:MST) from Old Mutual Limited (JSE:OMU).An undisclosed buyer acquired an unknown minority stake in Mustek Limited (JSE:MST) from Old Mutual Limited (JSE:OMU) on July 24, 2024. After completion, Old Mutual now holds 4.65% stake in Mustek. An undisclosed buyer completed the acquisition of an unknown minority stake in Mustek Limited (JSE:MST) from Old Mutual Limited (JSE:OMU) on July 24, 2024.New Risk • Jul 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€30.7m market cap, or US$33.5m).Buy Or Sell Opportunity • May 17Now 22% overvaluedOver the last 90 days, the stock has fallen 33% to €0.40. The fair value is estimated to be €0.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 5.4%.Reported Earnings • Mar 10First half 2024 earnings released: EPS: R0.91 (vs R2.19 in 1H 2023)First half 2024 results: EPS: R0.91 (down from R2.19 in 1H 2023). Revenue: R4.27b (down 13% from 1H 2023). Net income: R52.4m (down 60% from 1H 2023). Profit margin: 1.2% (down from 2.6% in 1H 2023). The decrease in margin was driven by lower revenue.お知らせ • Feb 24Mustek Limited to Report First Half, 2024 Results on Mar 06, 2024Mustek Limited announced that they will report first half, 2024 results on Mar 06, 2024New Risk • Feb 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Market cap is less than US$100m (€35.9m market cap, or US$39.0m).Upcoming Dividend • Oct 04Upcoming dividend of R0.77 per share at 5.1% yieldEligible shareholders must have bought the stock before 11 October 2023. Payment date: 16 October 2023. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (1.8%).New Risk • Sep 23New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€45.8m market cap, or US$48.8m).お知らせ • Sep 20Mustek Limited Declares Final Dividend for the Year Ended 30 June 2023, Payable on 16 October 2023Mustek Limited announced that a final dividend of 77 cents per ordinary share for the year ended 30 June 2023 is declared, payable to shareholders recorded in the books of the company at the close of business on the record date appearing below. The salient dates applicable to the final dividend are as follows: First day to trade ex dividend is 11 October 2023. Record date is 13 October 2023. Payment date is 16 October 2023.Reported Earnings • Sep 19Full year 2023 earnings releasedFull year 2023 results: Revenue: R10.1b (up 14% from FY 2022). Net income: R219.6m (flat on FY 2022). Profit margin: 2.2% (down from 2.5% in FY 2022). The decrease in margin was driven by higher expenses.お知らせ • Aug 24Mustek Limited Appoints Isaac Mophatlane as an Independent Non-Executive Director, Effective 1 September 2023Mustek Limited announced that Mr. Isaac Mophatlane is appointed as an independent non-executive director of the company, effective 1 September 2023. Isaac started his career at Software Connexion and soon became the youngest director on the board of a listed company. Together with his late brother, Benjamin, Isaac co-founded BCX (then known as Business Connection) in 1996. In 2004 the company merged with Comparex Africa and he was then appointed as Group Executive: Client Engagement Public Sector. Isaac also fulfilled the roles of Group Executive: Innovation and Group Executive: Smart Office Connexion before becoming Group Chief Executive Officer of BCX following the passing of Benjamin. In 2015 BCX was sold to Telkom, creating the ICT services business on the African continent. Isaac co-founded the Randvest Group, a South African, majority black-owned, diversified investment holding company in 2017. Isaac has a depth of experience in building a business from a small company to a large, listed entity with operations across multiple countries, both in Africa and abroad. He has an extensive network in the ICT, Financial Services, and Retail industries in several African countries. Isaac currently serves as an independent non-executive director on the board of Pepkor Holdings Limited and is a member of the Pepkor Human Resources and Remuneration and Nomination Committees. He previously served as an independent non-executive director on the board of Exxaro Resources Limited and was a member of the Exxaro Audit Committee, the Social and Ethics Committee and the Investment Committee. Isaac is a non-executive director on the boards of several of Randvest's investments and is also deputy non-executive chairman of the Catholic Education Investment Company.お知らせ • May 25+ 1 more updateMustek Limited, Annual General Meeting, Nov 23, 2023Mustek Limited, Annual General Meeting, Nov 23, 2023.Reported Earnings • Mar 10First half 2023 earnings released: EPS: R2.19 (vs R2.33 in 1H 2022)First half 2023 results: EPS: R2.19 (down from R2.33 in 1H 2022). Revenue: R4.91b (up 17% from 1H 2022). Net income: R129.3m (down 14% from 1H 2022). Profit margin: 2.6% (down from 3.6% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Tech industry in Europe.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Pamella Marlowe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 01Mustek Limited, Annual General Meeting, Dec 05, 2022Mustek Limited, Annual General Meeting, Dec 05, 2022, at 10:00 South Africa Standard Time. Location: head office at 322 15th Road, Randjespark, Midrand South AfricaUpcoming Dividend • Sep 28Upcoming dividend of R0.76 per shareEligible shareholders must have bought the stock before 05 October 2022. Payment date: 10 October 2022. Payout ratio is a comfortable 22% and the cash payout ratio is 75%. Trailing yield: 5.2%. Lower than top quartile of German dividend payers (5.4%). Higher than average of industry peers (2.2%).Reported Earnings • Sep 14Full year 2022 earnings released: EPS: R3.51 (vs R4.25 in FY 2021)Full year 2022 results: EPS: R3.51 (down from R4.25 in FY 2021). Revenue: R8.91b (up 11% from FY 2021). Net income: R220.0m (down 25% from FY 2021). Profit margin: 2.5% (down from 3.7% in FY 2021). The decrease in margin was driven by higher expenses.Board Change • Jul 24Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Pamella Marlowe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jul 03Mustek Announces Change of CEOMustek has appointed Hein Engelbrecht as its group chief executive officer, effective 30 June 2022. Engelbrecht has been acting CEO of the company since May. The appointment comes after the untimely death of the company's founder and CEO David Kan. Kan founded Mustek South Africa in 1987 after arriving in South Africa from Taiwan. Engelbrecht joined the company in 1997 as a group financial manager and holds a BCom (honours) CA degree.お知らせ • May 26Mustek Announces Management ChangesMustek announced that Hein Engelbrecht has been appointed as acting group chief executive officer of the PC distributor following the passing of David Kan.お知らせ • May 21Mustek Limited Announces Demise of Its Chief Executive Officer David KanThe Board of Mustek Limited regrets to advise shareholders of the passing of the Group's much loved and respected Chief Executive Officer, David Kan on 19 May 2022.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Pamella Marlowe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 06First half 2022 earnings: Revenues and EPS in line with analyst expectationsFirst half 2022 results: EPS: R2.33 (up from R1.97 in 1H 2021). Revenue: R4.19b (up 13% from 1H 2021). Net income: R150.1m (up 8.7% from 1H 2021). Profit margin: 3.6% (down from 3.7% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates.お知らせ • Feb 19+ 1 more updateMustek Limited Provides Earnings Guidance for the Six Months Ended 31 December 2021Mustek Limited provided earnings guidance for the six months ended 31 December 2021. For the period, the company’s basic earnings per share is expected to be between 12% and 22% higher than the previous corresponding period at between 221.02 cents and 240.75 cents (31 December 2020: 197.34 cents).Reported Earnings • Sep 12Full year 2021 earnings released: EPS R4.25 (vs R1.24 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: R8.04b (up 26% from FY 2020). Net income: R293.8m (up 238% from FY 2020). Profit margin: 3.7% (up from 1.4% in FY 2020). The increase in margin was driven by higher revenue.お知らせ • Sep 04Mustek Limited Revises Earnings Guidance for the Year Ended 30 June 2021Mustek Limited revised earnings guidance for the year ended 30 June 2021. For the year, the company updated headline earnings per share is expected to be between 235% and 255% higher than the previous financial year, at between 425.89 cents and 451.31 cents. Basic earnings per share is expected to be between 235% and 255% higher than the previous financial year, at between 415.57 cents and 440.38 cents where it previously assumed headline earnings per share and basic earnings per share are expected to be at least 190% higher than that reported in the previous financial year.決済の安定と成長配当データの取得安定した配当: M1Bの配当金支払いは、過去10年間 変動性 が高かった。増加する配当: M1Bの配当金支払額は過去10年間減少しています。配当利回り対市場Mustek 配当利回り対市場M1B 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (M1B)1.0%市場下位25% (DE)1.5%市場トップ25% (DE)4.5%業界平均 (Tech)1.4%アナリスト予想 (M1B) (最長3年)n/a注目すべき配当: M1Bの配当金 ( 0.96% ) はGerman市場の配当金支払者の下位 25% ( 1.54% ) と比べると目立ったものではありません。高配当: M1Bの配当金 ( 0.96% ) はGerman市場の配当金支払者の上位 25% ( 4.55% ) と比較すると低いです。株主への利益配当収益カバレッジ: M1B の配当性向 (10.4%) は低いため、配当金の支払いは利益によって十分にカバーされます。株主配当金キャッシュフローカバレッジ: M1Bは低い 現金配当性向 ( 15.1% ) であるため、配当金の支払いはキャッシュフローによって十分にカバーされています。高配当企業の発掘7D1Y7D1Y7D1YDE 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 19:29終値2026/05/22 00:00収益2025/12/31年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Mustek Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関null nullMerchantec (Proprietary) Limited
Declared Dividend • Sep 22Dividend of R0.075 announcedShareholders will receive a dividend of R0.075. Ex-date: 9th October 2024 Payment date: 14th October 2024 Dividend yield will be 11%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 65% to shift the payout ratio to a potentially unsustainable range, which is more than the 24% EPS decline seen over the last 5 years.
Upcoming Dividend • Oct 04Upcoming dividend of R0.77 per share at 5.1% yieldEligible shareholders must have bought the stock before 11 October 2023. Payment date: 16 October 2023. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (1.8%).
お知らせ • Sep 20Mustek Limited Declares Final Dividend for the Year Ended 30 June 2023, Payable on 16 October 2023Mustek Limited announced that a final dividend of 77 cents per ordinary share for the year ended 30 June 2023 is declared, payable to shareholders recorded in the books of the company at the close of business on the record date appearing below. The salient dates applicable to the final dividend are as follows: First day to trade ex dividend is 11 October 2023. Record date is 13 October 2023. Payment date is 16 October 2023.
Upcoming Dividend • Sep 28Upcoming dividend of R0.76 per shareEligible shareholders must have bought the stock before 05 October 2022. Payment date: 10 October 2022. Payout ratio is a comfortable 22% and the cash payout ratio is 75%. Trailing yield: 5.2%. Lower than top quartile of German dividend payers (5.4%). Higher than average of industry peers (2.2%).
Board Change • May 20Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Chairman Lenamile Mophatlane was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 13Mustek Limited to Report First Half, 2026 Results on Feb 25, 2026Mustek Limited announced that they will report first half, 2026 results on Feb 25, 2026
お知らせ • Oct 10Mustek Limited, Annual General Meeting, Nov 20, 2025Mustek Limited, Annual General Meeting, Nov 20, 2025. Location: mustek`s head office, 322 15th road, randjespark, midrand, South Africa
お知らせ • Sep 17Mustek Limited to Report Fiscal Year 2025 Results on Sep 19, 2025Mustek Limited announced that they will report fiscal year 2025 results on Sep 19, 2025
お知らせ • Mar 03Mustek Limited to Report First Half, 2025 Results on Mar 06, 2025Mustek Limited announced that they will report first half, 2025 results on Mar 06, 2025
お知らせ • Oct 07Mustek Limited, Annual General Meeting, Nov 21, 2024Mustek Limited, Annual General Meeting, Nov 21, 2024. Location: mustek`s head office at 322, 15th road, randjespark, midrand, South Africa
New Risk • Sep 24New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (€39.2m market cap, or US$43.8m).
Declared Dividend • Sep 22Dividend of R0.075 announcedShareholders will receive a dividend of R0.075. Ex-date: 9th October 2024 Payment date: 14th October 2024 Dividend yield will be 11%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 65% to shift the payout ratio to a potentially unsustainable range, which is more than the 24% EPS decline seen over the last 5 years.
Reported Earnings • Sep 20Full year 2024 earnings released: EPS: R0.37 (vs R3.77 in FY 2023)Full year 2024 results: EPS: R0.37 (down from R3.77 in FY 2023). Revenue: R8.51b (down 16% from FY 2023). Net income: R21.4m (down 90% from FY 2023). Profit margin: 0.3% (down from 2.2% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Sep 19+ 1 more updateMustek Limited Provides Earnings Guidance for the Year Ended 30 June 2024Mustek Limited provided earnings guidance for the year ended 30 June 2024. For the period, the company revised headline earnings per share is expected to be between 80% and 90% lower than reported in the comparative period at between 3,752 cents and 7,504 cents (30 June 2023: 37,518 cents). Basic earnings per share is expected to remain to be between 85% and 95% lower than reported in the comparative period at between 1,863 cents and 5,589 cents (30 June 2023: 37,261 cents).
お知らせ • Sep 12Mustek Limited to Report Fiscal Year 2024 Results on Sep 19, 2024Mustek Limited announced that they will report fiscal year 2024 results on Sep 19, 2024
Board Change • Aug 09Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Pamella Marlowe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jul 25An undisclosed buyer acquired an unknown minority stake in Mustek Limited (JSE:MST) from Old Mutual Limited (JSE:OMU).An undisclosed buyer acquired an unknown minority stake in Mustek Limited (JSE:MST) from Old Mutual Limited (JSE:OMU) on July 24, 2024. After completion, Old Mutual now holds 4.65% stake in Mustek. An undisclosed buyer completed the acquisition of an unknown minority stake in Mustek Limited (JSE:MST) from Old Mutual Limited (JSE:OMU) on July 24, 2024.
New Risk • Jul 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€30.7m market cap, or US$33.5m).
Buy Or Sell Opportunity • May 17Now 22% overvaluedOver the last 90 days, the stock has fallen 33% to €0.40. The fair value is estimated to be €0.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 5.4%.
Reported Earnings • Mar 10First half 2024 earnings released: EPS: R0.91 (vs R2.19 in 1H 2023)First half 2024 results: EPS: R0.91 (down from R2.19 in 1H 2023). Revenue: R4.27b (down 13% from 1H 2023). Net income: R52.4m (down 60% from 1H 2023). Profit margin: 1.2% (down from 2.6% in 1H 2023). The decrease in margin was driven by lower revenue.
お知らせ • Feb 24Mustek Limited to Report First Half, 2024 Results on Mar 06, 2024Mustek Limited announced that they will report first half, 2024 results on Mar 06, 2024
New Risk • Feb 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Market cap is less than US$100m (€35.9m market cap, or US$39.0m).
Upcoming Dividend • Oct 04Upcoming dividend of R0.77 per share at 5.1% yieldEligible shareholders must have bought the stock before 11 October 2023. Payment date: 16 October 2023. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (1.8%).
New Risk • Sep 23New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€45.8m market cap, or US$48.8m).
お知らせ • Sep 20Mustek Limited Declares Final Dividend for the Year Ended 30 June 2023, Payable on 16 October 2023Mustek Limited announced that a final dividend of 77 cents per ordinary share for the year ended 30 June 2023 is declared, payable to shareholders recorded in the books of the company at the close of business on the record date appearing below. The salient dates applicable to the final dividend are as follows: First day to trade ex dividend is 11 October 2023. Record date is 13 October 2023. Payment date is 16 October 2023.
Reported Earnings • Sep 19Full year 2023 earnings releasedFull year 2023 results: Revenue: R10.1b (up 14% from FY 2022). Net income: R219.6m (flat on FY 2022). Profit margin: 2.2% (down from 2.5% in FY 2022). The decrease in margin was driven by higher expenses.
お知らせ • Aug 24Mustek Limited Appoints Isaac Mophatlane as an Independent Non-Executive Director, Effective 1 September 2023Mustek Limited announced that Mr. Isaac Mophatlane is appointed as an independent non-executive director of the company, effective 1 September 2023. Isaac started his career at Software Connexion and soon became the youngest director on the board of a listed company. Together with his late brother, Benjamin, Isaac co-founded BCX (then known as Business Connection) in 1996. In 2004 the company merged with Comparex Africa and he was then appointed as Group Executive: Client Engagement Public Sector. Isaac also fulfilled the roles of Group Executive: Innovation and Group Executive: Smart Office Connexion before becoming Group Chief Executive Officer of BCX following the passing of Benjamin. In 2015 BCX was sold to Telkom, creating the ICT services business on the African continent. Isaac co-founded the Randvest Group, a South African, majority black-owned, diversified investment holding company in 2017. Isaac has a depth of experience in building a business from a small company to a large, listed entity with operations across multiple countries, both in Africa and abroad. He has an extensive network in the ICT, Financial Services, and Retail industries in several African countries. Isaac currently serves as an independent non-executive director on the board of Pepkor Holdings Limited and is a member of the Pepkor Human Resources and Remuneration and Nomination Committees. He previously served as an independent non-executive director on the board of Exxaro Resources Limited and was a member of the Exxaro Audit Committee, the Social and Ethics Committee and the Investment Committee. Isaac is a non-executive director on the boards of several of Randvest's investments and is also deputy non-executive chairman of the Catholic Education Investment Company.
お知らせ • May 25+ 1 more updateMustek Limited, Annual General Meeting, Nov 23, 2023Mustek Limited, Annual General Meeting, Nov 23, 2023.
Reported Earnings • Mar 10First half 2023 earnings released: EPS: R2.19 (vs R2.33 in 1H 2022)First half 2023 results: EPS: R2.19 (down from R2.33 in 1H 2022). Revenue: R4.91b (up 17% from 1H 2022). Net income: R129.3m (down 14% from 1H 2022). Profit margin: 2.6% (down from 3.6% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Tech industry in Europe.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Pamella Marlowe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 01Mustek Limited, Annual General Meeting, Dec 05, 2022Mustek Limited, Annual General Meeting, Dec 05, 2022, at 10:00 South Africa Standard Time. Location: head office at 322 15th Road, Randjespark, Midrand South Africa
Upcoming Dividend • Sep 28Upcoming dividend of R0.76 per shareEligible shareholders must have bought the stock before 05 October 2022. Payment date: 10 October 2022. Payout ratio is a comfortable 22% and the cash payout ratio is 75%. Trailing yield: 5.2%. Lower than top quartile of German dividend payers (5.4%). Higher than average of industry peers (2.2%).
Reported Earnings • Sep 14Full year 2022 earnings released: EPS: R3.51 (vs R4.25 in FY 2021)Full year 2022 results: EPS: R3.51 (down from R4.25 in FY 2021). Revenue: R8.91b (up 11% from FY 2021). Net income: R220.0m (down 25% from FY 2021). Profit margin: 2.5% (down from 3.7% in FY 2021). The decrease in margin was driven by higher expenses.
Board Change • Jul 24Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Pamella Marlowe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jul 03Mustek Announces Change of CEOMustek has appointed Hein Engelbrecht as its group chief executive officer, effective 30 June 2022. Engelbrecht has been acting CEO of the company since May. The appointment comes after the untimely death of the company's founder and CEO David Kan. Kan founded Mustek South Africa in 1987 after arriving in South Africa from Taiwan. Engelbrecht joined the company in 1997 as a group financial manager and holds a BCom (honours) CA degree.
お知らせ • May 26Mustek Announces Management ChangesMustek announced that Hein Engelbrecht has been appointed as acting group chief executive officer of the PC distributor following the passing of David Kan.
お知らせ • May 21Mustek Limited Announces Demise of Its Chief Executive Officer David KanThe Board of Mustek Limited regrets to advise shareholders of the passing of the Group's much loved and respected Chief Executive Officer, David Kan on 19 May 2022.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Pamella Marlowe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 06First half 2022 earnings: Revenues and EPS in line with analyst expectationsFirst half 2022 results: EPS: R2.33 (up from R1.97 in 1H 2021). Revenue: R4.19b (up 13% from 1H 2021). Net income: R150.1m (up 8.7% from 1H 2021). Profit margin: 3.6% (down from 3.7% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates.
お知らせ • Feb 19+ 1 more updateMustek Limited Provides Earnings Guidance for the Six Months Ended 31 December 2021Mustek Limited provided earnings guidance for the six months ended 31 December 2021. For the period, the company’s basic earnings per share is expected to be between 12% and 22% higher than the previous corresponding period at between 221.02 cents and 240.75 cents (31 December 2020: 197.34 cents).
Reported Earnings • Sep 12Full year 2021 earnings released: EPS R4.25 (vs R1.24 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: R8.04b (up 26% from FY 2020). Net income: R293.8m (up 238% from FY 2020). Profit margin: 3.7% (up from 1.4% in FY 2020). The increase in margin was driven by higher revenue.
お知らせ • Sep 04Mustek Limited Revises Earnings Guidance for the Year Ended 30 June 2021Mustek Limited revised earnings guidance for the year ended 30 June 2021. For the year, the company updated headline earnings per share is expected to be between 235% and 255% higher than the previous financial year, at between 425.89 cents and 451.31 cents. Basic earnings per share is expected to be between 235% and 255% higher than the previous financial year, at between 415.57 cents and 440.38 cents where it previously assumed headline earnings per share and basic earnings per share are expected to be at least 190% higher than that reported in the previous financial year.