View Future GrowthMustek 과거 순이익 실적과거 기준 점검 2/6Mustek의 수입은 연평균 -37.8%의 비율로 감소해 온 반면, Tech 산업은 수입이 연평균 16.5% 증가했습니다. 매출은 연평균 1.5%의 비율로 감소해 왔습니다. Mustek의 자기자본이익률은 4.5%이고 순이익률은 1%입니다.핵심 정보-37.77%순이익 성장률-33.89%주당순이익(EPS) 성장률Tech 산업 성장률12.97%매출 성장률-1.55%자기자본이익률4.50%순이익률1.01%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트공시 • 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, 2026공시 • 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, 2025공시 • 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, 2025Reported 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.공시 • 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, 2024Reported 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.모든 업데이트 보기Recent 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.공시 • 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, 2026공시 • 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 Africa공시 • 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, 2025공시 • 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, 2025공시 • 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.공시 • 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).공시 • 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.공시 • 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.공시 • 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).공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.매출 및 비용 세부 내역Mustek가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:M1B 매출, 비용 및 순이익 (ZAR Millions)날짜매출순이익일반관리비연구개발비31 Dec 257,09871792030 Sep 257,14055790030 Jun 257,18339788031 Mar 257,48110778031 Dec 247,813-19768030 Sep 248,1311777030 Jun 248,44921786031 Mar 248,96782817031 Dec 239,484143849030 Sep 239,805181841030 Jun 2310,126220834031 Mar 239,890209823031 Dec 229,654199812030 Sep 229,282210802030 Jun 228,910220792031 Mar 228,672263782031 Dec 218,435306771030 Sep 218,213300748030 Jun 217,992294726031 Mar 217,552233696031 Dec 207,112172666030 Sep 206,754129659030 Jun 206,39787652031 Mar 206,27494629031 Dec 196,151102606030 Sep 195,998103593030 Jun 195,846105580031 Mar 195,78797575031 Dec 185,72890570030 Sep 185,70085557030 Jun 185,67180544031 Mar 185,47682526031 Dec 175,28284508030 Sep 175,26279498030 Jun 175,24373487031 Mar 175,33467479031 Dec 165,42561475030 Sep 165,35671477030 Jun 165,28680480031 Mar 165,278107483031 Dec 155,270133482030 Sep 155,156135472030 Jun 155,0421374620양질의 수익: M1B는 고품질 수익을 보유하고 있습니다.이익 마진 증가: M1B는 과거에 흑자전환했습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: M1B의 수익은 지난 5년 동안 연평균 37.8% 감소했습니다.성장 가속화: M1B는 지난해 흑자전환하여 5년 평균과 수익 성장률을 비교하기 어렵습니다.수익 대 산업: M1B는 지난해 흑자전환하여 지난 해 수익 성장률을 Tech 업계(0.7%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: M1B의 자본 수익률(4.5%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTech 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 08:27종가2026/05/22 00:00수익2025/12/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Mustek Limited는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullMerchantec (Proprietary) Limited
공시 • 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
공시 • 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
공시 • 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
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.
공시 • 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
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.
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.
공시 • 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
공시 • 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
공시 • 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
공시 • 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
공시 • 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.
공시 • 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).
공시 • 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.
공시 • 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.
공시 • 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).
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.