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MXI

MaxiPARTSASX:MXI Stock Report

Market Cap

AU$125.9m

7D

-12.6%

1Y

172.0%

Updated

18 Oct, 2021

Data

Company Financials +
MXI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance2/6
Financial Health5/6
Dividends0/6

MXI Overview

MaxiPARTS Limited, together with its subsidiaries, supplies truck and trailer parts in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for MaxiPARTS
Historical stock prices
Current Share PriceAU$3.40
52 Week HighAU$1.15
52 Week LowAU$4.01
Beta0.98
1 Month Change-13.71%
3 Month Change51.11%
1 Year Change172.00%
3 Year Change30.77%
5 Year Change7.94%
Change since IPO70.00%

Recent News & Updates

Oct 18
Is MaxiPARTS (ASX:MXI) A Risky Investment?

Is MaxiPARTS (ASX:MXI) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Aug 26
Shareholders Will Be Pleased With The Quality of MaxiTRANS Industries' (ASX:MXI) Earnings

Shareholders Will Be Pleased With The Quality of MaxiTRANS Industries' (ASX:MXI) Earnings

MaxiTRANS Industries Limited's ( ASX:MXI ) robust earnings report didn't manage to move the market for its stock. Our...

Shareholder Returns

MXIAU MachineryAU Market
7D-12.6%-0.9%0.9%
1Y172.0%59.2%20.2%

Return vs Industry: MXI exceeded the Australian Machinery industry which returned 59.2% over the past year.

Return vs Market: MXI exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is MXI's price volatile compared to industry and market?
MXI volatility
MXI Beta0.98
Industry Beta1.32
Market Beta1

Stable Share Price: MXI is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: MXI's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1946n/aPeter Loimarantahttps://www.maxitrans.com

MaxiPARTS Limited, together with its subsidiaries, supplies truck and trailer parts in Australia. It sells, wholesales, and trades commercial vehicle parts to road transport operators as well as commercial vehicle service and repair providers under the MaxiPARTS brand. The company also supplies heavy road transport trailer solutions, including trailer repairs and services.

MaxiPARTS Fundamentals Summary

How do MaxiPARTS's earnings and revenue compare to its market cap?
MXI fundamental statistics
Market CapAU$125.85m
Earnings (TTM)AU$5.69m
Revenue (TTM)AU$114.59m

22.1x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MXI income statement (TTM)
RevenueAU$114.59m
Cost of RevenueAU$76.59m
Gross ProfitAU$37.99m
ExpensesAU$32.31m
EarningsAU$5.69m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.15
Gross Margin33.16%
Net Profit Margin4.96%
Debt/Equity Ratio20.9%

How did MXI perform over the long term?

See historical performance and comparison

Valuation

Is MaxiPARTS undervalued compared to its fair value and its price relative to the market?

17.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MXI (A$3.4) is trading below our estimate of fair value (A$4.12)

Significantly Below Fair Value: MXI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MXI is good value based on its PE Ratio (22.1x) compared to the Australian Machinery industry average (26.8x).

PE vs Market: MXI is poor value based on its PE Ratio (22.1x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: MXI is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: MXI is good value based on its PB Ratio (1.5x) compared to the AU Machinery industry average (2.3x).


Future Growth

How is MaxiPARTS forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

9.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MXI's forecast earnings growth (9.1% per year) is above the savings rate (1.9%).

Earnings vs Market: MXI's earnings (9.1% per year) are forecast to grow slower than the Australian market (11.7% per year).

High Growth Earnings: MXI's earnings are forecast to grow, but not significantly.

Revenue vs Market: MXI's revenue (12.2% per year) is forecast to grow faster than the Australian market (5.5% per year).

High Growth Revenue: MXI's revenue (12.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MXI's Return on Equity is forecast to be low in 3 years time (8.2%).


Past Performance

How has MaxiPARTS performed over the past 5 years?

-38.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MXI has a large one-off gain of A$7.2M impacting its June 30 2021 financial results.

Growing Profit Margin: MXI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MXI has become profitable over the past 5 years, growing earnings by -38.3% per year.

Accelerating Growth: MXI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MXI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (1.2%).


Return on Equity

High ROE: MXI's Return on Equity (6.9%) is considered low.


Financial Health

How is MaxiPARTS's financial position?


Financial Position Analysis

Short Term Liabilities: MXI's short term assets (A$193.8M) exceed its short term liabilities (A$126.9M).

Long Term Liabilities: MXI's short term assets (A$193.8M) exceed its long term liabilities (A$31.8M).


Debt to Equity History and Analysis

Debt Level: MXI's debt to equity ratio (20.9%) is considered satisfactory.

Reducing Debt: MXI's debt to equity ratio has reduced from 33.6% to 20.9% over the past 5 years.

Debt Coverage: MXI's debt is well covered by operating cash flow (184.5%).

Interest Coverage: MXI's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


Dividend

What is MaxiPARTS current dividend yield, its reliability and sustainability?

2.28%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MXI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MXI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MXI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MXI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MXI is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MXI's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Peter Loimaranta

0.083

Tenure

AU$702,053

Compensation

Mr. Peter Oiva Loimaranta, B.Com, CA, serves as the Director, Chief Executive Officer & Managing Director at MaxiTRANS Industries Limited since September 3, 2021. He served as Group General Manager – Inter...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD521.08K) is above average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MXI's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: MXI's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MXI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

MaxiPARTS Limited's employee growth, exchange listings and data sources


Key Information

  • Name: MaxiPARTS Limited
  • Ticker: MXI
  • Exchange: ASX
  • Founded: 1946
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: AU$125.851m
  • Shares outstanding: 37.02m
  • Website: https://www.maxitrans.com

Location

  • MaxiPARTS Limited
  • 22 Efficient Drive
  • Truganina
  • Victoria
  • 3029
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 15:14
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.