ASX:MXI

Stock Analysis Report

Executive Summary

MaxiTRANS Industries Limited, together with its subsidiaries, designs, manufactures, sells, services, and repairs transport equipment and related components and spare parts in Australia and New Zealand.


Snowflake Analysis

Fair value with moderate growth potential.

Share Price & News

How has MaxiTRANS Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MXI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.5%

MXI

-13.1%

AU Machinery

-6.2%

AU Market


1 Year Return

-54.3%

MXI

21.1%

AU Machinery

7.9%

AU Market

Return vs Industry: MXI underperformed the Australian Machinery industry which returned 23.7% over the past year.

Return vs Market: MXI underperformed the Australian Market which returned 10.9% over the past year.


Shareholder returns

MXIIndustryMarket
7 Day-7.5%-13.1%-6.2%
30 Day-11.9%-13.6%-5.9%
90 Day-19.6%-7.0%-2.7%
1 Year-54.3%-54.3%22.1%21.1%12.6%7.9%
3 Year-69.8%-72.8%-37.3%-38.5%31.3%13.8%
5 Year-62.7%-69.2%57.9%30.3%42.6%10.6%

Price Volatility Vs. Market

How volatile is MaxiTRANS Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

31.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MXI (A$0.19) is trading below our estimate of fair value (A$0.27)

Significantly Below Fair Value: MXI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MXI is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.

PE vs Market: MXI is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MXI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MXI is good value based on its PB Ratio (0.3x) compared to the AU Machinery industry average (1.4x).


Next Steps

Future Growth

How is MaxiTRANS Industries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

99.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MXI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).

Earnings vs Market: MXI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MXI's is expected to become profitable in the next 3 years.

Revenue vs Market: MXI's revenue is expected to decline over the next 3 years (-0.7% per year).

High Growth Revenue: MXI's revenue is forecast to decline over the next 3 years (-0.7% 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 (5.5%).


Next Steps

Past Performance

How has MaxiTRANS Industries performed over the past 5 years?

-23.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MXI is currently unprofitable.

Growing Profit Margin: MXI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MXI is unprofitable, and losses have increased over the past 5 years at a rate of -23.8% per year.

Accelerating Growth: Unable to compare MXI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MXI is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (38.1%).


Return on Equity

High ROE: MXI has a negative Return on Equity (-13.24%), as it is currently unprofitable.


Next Steps

Financial Health

How is MaxiTRANS Industries's financial position?


Financial Position Analysis

Short Term Liabilities: MXI's short term assets (A$118.1M) exceed its short term liabilities (A$59.8M).

Long Term Liabilities: MXI's short term assets (A$118.1M) exceed its long term liabilities (A$44.7M).


Debt to Equity History and Analysis

Debt Level: MXI's debt to equity ratio (35.7%) is considered satisfactory.

Reducing Debt: MXI's debt to equity ratio has increased from 32.6% to 35.7% over the past 5 years.


Balance Sheet

Inventory Level: MXI has a high level of physical assets or inventory.

Debt Coverage by Assets: MXI's debt is covered by short term assets (assets are 2.7x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MXI has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: MXI has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is MaxiTRANS Industries's current dividend yield, its reliability and sustainability?

4.43%

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 payouts.

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

2.9yrs

Average management tenure


CEO

Dean Jenkins (47yo)

2.9yrs

Tenure

AU$796,816

Compensation

Mr. Dean Stuart Jenkins has been the Chief Executive Officer and Managing Director of MaxiTRANS Industries Limited since March 1, 2017 and serves its Executive Director. Mr. Jenkins served as the Chief Ope ...


CEO Compensation Analysis

Compensation vs Market: Dean's total compensation ($USD526.12K) is above average for companies of similar size in the Australian market ($USD250.90K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Dean Jenkins
MD, CEO & Executive Director2.9yrsAU$796.82k0.25% A$84.5k
Tim Bradfield
Chief Financial Officer0.9yrsAU$366.43kno data
Andrew McKenzie
Group General Manager of Sales & Marketing4.8yrsAU$357.81kno data
Amanda Jones
General Counsel & Company Secretary0.7yrsno datano data
Angelique Zammit
Group Human Resources Manager0yrsno datano data
Jerry Cade
Head of Information Technology & Group Supply Manager0yrsno datano data
Liz Blockley
Group Financial Controller0yrsno datano data
K. Manfield
General Manager of Maxi CUBE0yrsAU$178.67kno data
Scott Harkin
Group Supply Manager5yrsAU$234.36kno data

2.9yrs

Average Tenure

Experienced Management: MXI's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dean Jenkins
MD, CEO & Executive Director2.9yrsAU$796.82k0.25% A$84.5k
James Curtis
Deputy Chairman of the Board25.3yrsAU$75.00k11.12% A$3.8m
Samantha Hogg
Independent Non-Executive Director3.8yrsAU$75.00kno data
Robert Wylie
Non-Executive Chairman3.7yrsAU$140.00k0.14% A$46.3k
Joseph Rizzo
Independent Non-Executive Director5.7yrsAU$75.00k0.098% A$33.4k
Mary Verschuer
Independent Non-Executive Director1.1yrsAU$32.98k0.034% A$11.7k

3.8yrs

Average Tenure

60.5yo

Average Age

Experienced Board: MXI's board of directors are considered experienced (3.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

MaxiTRANS Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MaxiTRANS Industries Limited
  • Ticker: MXI
  • Exchange: ASX
  • Founded: 1946
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: AU$34.239m
  • Shares outstanding: 185.08m
  • Website: https://maxitrans.com

Location

  • MaxiTRANS Industries Limited
  • 346 Boundary Road
  • Derrimut
  • Victoria
  • 3030
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MXIASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 1994
MXICHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 1994

Biography

MaxiTRANS Industries Limited, together with its subsidiaries, designs, manufactures, sells, services, and repairs transport equipment and related components and spare parts in Australia and New Zealand. It manufactures trailer brands, and urethane foam and body panels; supplies and distributes parts; provides service and repair support; and sells and finances new and used trailing equipment. The company’s products include curtain sided trailers, flat top semis, and skeletal trailers; dry freight and temperature controlled vans; steel and aluminum semi tippers, B-doubles, side opening tippers, walking floors, and flat top trailers, as well as specialty units; and bowl door tippers, flex tippers, and high volume side tippers. It also provides temperature controlled (refrigerated) and dry freight rigid truck bodies; trailing transport equipment and solutions, such as lights, tools, oil and filters, axles, suspensions, and brakes; various components and consumables; and fiberglass panels, body kits, doors, and insulation foam products. In addition, the company is involved in the retail and wholesale of trailer and truck parts; and rental and hire of temperature controlled vans. MaxiTRANS Industries Limited sells its products under the Freighter, Maxi-CUBE, Hamelex White, Lusty EMS, Trout River, AZMEB, Peki, MaxiPARTS, TraileRentals, Maxus, and PANELMasta brand names. It serves transport and logistics, fresh produce, food and beverage, building and construction, agriculture, and natural resources industries. The company was founded in 1946 and is headquartered in Derrimut, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 10:37
End of Day Share Price2020/02/26 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.