| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 2/6 |
MDIT.N0000 Overview
The Mauritius Development Investment Trust Company Limited operates as an approved investment institution with the objective of holding and managing securities in Mauritius.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | MU₨3.07 |
| 52 Week High | MU₨1.91 |
| 52 Week Low | MU₨3.40 |
| Beta | 0.31 |
| 1 Month Change | -0.97% |
| 3 Month Change | 0.33% |
| 1 Year Change | 59.07% |
| 3 Year Change | -34.68% |
| 5 Year Change | -22.48% |
| Change since IPO | 10.52% |
Recent News & Updates
Shareholder Returns
| MDIT.N0000 | MU Capital Markets | MU Market | |
|---|---|---|---|
| 7D | 2.0% | 0.07% | 0.3% |
| 1Y | 59.1% | 12.5% | 14.2% |
Return vs Industry: MDIT.N0000 exceeded the MU Capital Markets industry which returned 12.5% over the past year.
Return vs Market: MDIT.N0000 exceeded the MU Market which returned 14.2% over the past year.
Price Volatility
| MDIT.N0000 volatility | |
|---|---|
| MDIT.N0000 Beta | 0.31 |
| Industry Beta | 0.87 |
| Market Beta | 1 |
Stable Share Price: MDIT.N0000 is not significantly more volatile than the rest of MU stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: MDIT.N0000's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1967 | n/a | Grace Leung Shing | https://www.mdit.mu |
The Mauritius Development Investment Trust Company Limited operates as an approved investment institution with the objective of holding and managing securities in Mauritius. The firm invests in stocks where their respective prices have fallen below their fundamentals and subscribes to rights issues of shares, bonds and depositary receipts with good growth potentials. It has a portfolio of investments in 104 local companies operating in the investment holdings, funds and trust companies, commerce, sugar, property development, leisure and hotels, industry, banks, insurance and other finance, overseas and transport sectors of the Mauritian economy.
Mauritius Development Investment Trust Fundamentals Summary
| MDIT.N0000 fundamental statistics | |
|---|---|
| Market Cap | MU₨1.30b |
| Earnings (TTM) | MU₨273.94m |
| Revenue (TTM) | MU₨291.09m |
4.7x
P/E Ratio4.5x
P/S RatioIs MDIT.N0000 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MDIT.N0000 income statement (TTM) | |
|---|---|
| Revenue | MU₨291.09m |
| Cost of Revenue | MU₨0 |
| Gross Profit | MU₨291.09m |
| Expenses | MU₨17.15m |
| Earnings | MU₨273.94m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.65 |
| Gross Margin | 100.00% |
| Net Profit Margin | 94.11% |
| Debt/Equity Ratio | 6.2% |
How did MDIT.N0000 perform over the long term?
See historical performance and comparisonDividends
2.3%
Current Dividend Yield11%
Payout RatioValuation
Is Mauritius Development Investment Trust undervalued compared to its fair value and its price relative to the market?
4.74x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MDIT.N0000's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MDIT.N0000's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MDIT.N0000 is good value based on its PE Ratio (4.7x) compared to the MU Capital Markets industry average (5x).
PE vs Market: MDIT.N0000 is good value based on its PE Ratio (4.7x) compared to the MU market (14.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MDIT.N0000's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MDIT.N0000 is overvalued based on its PB Ratio (0.9x) compared to the MU Capital Markets industry average (0.7x).
Future Growth
How is Mauritius Development Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
7.6%
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mauritius Development Investment Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Mauritius Development Investment Trust performed over the past 5 years?
-24.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MDIT.N0000 has a high level of non-cash earnings.
Growing Profit Margin: MDIT.N0000 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MDIT.N0000 has become profitable over the past 5 years, growing earnings by -24.4% per year.
Accelerating Growth: MDIT.N0000 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MDIT.N0000 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (34.1%).
Return on Equity
High ROE: MDIT.N0000's Return on Equity (19.6%) is considered low.
Financial Health
How is Mauritius Development Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: MDIT.N0000's short term assets (MUR48.8M) do not cover its short term liabilities (MUR116.8M).
Long Term Liabilities: MDIT.N0000 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MDIT.N0000's debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: MDIT.N0000's debt to equity ratio has increased from 2.2% to 6.2% over the past 5 years.
Debt Coverage: MDIT.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MDIT.N0000's interest payments on its debt are well covered by EBIT (118.3x coverage).
Balance Sheet
Dividend
What is Mauritius Development Investment Trust current dividend yield, its reliability and sustainability?
2.28%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MDIT.N0000's dividend (2.28%) is higher than the bottom 25% of dividend payers in the MU market (2.1%).
High Dividend: MDIT.N0000's dividend (2.28%) is low compared to the top 25% of dividend payers in the MU market (3.53%).
Stability and Growth of Payments
Stable Dividend: MDIT.N0000's dividend payments have been volatile in the past 10 years.
Growing Dividend: MDIT.N0000's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (10.8%), MDIT.N0000's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.3yrs
Average board tenure
CEO
Grace Leung Shing
no data
Tenure
MU₨88,000
Compensation
Ms. Grace Sarah Leung Shing serves as Chief Executive Officer at The Mauritius Development Investment Trust Company Limited and has been its Executive Director since April 23, 2019.
Board Members
Experienced Board: MDIT.N0000's board of directors are considered experienced (8.3 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
The Mauritius Development Investment Trust Company Limited's employee growth, exchange listings and data sources
Key Information
- Name: The Mauritius Development Investment Trust Company Limited
- Ticker: MDIT.N0000
- Exchange: MUSE
- Founded: 1967
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: MU₨1.300b
- Shares outstanding: 423.39m
- Website: https://www.mdit.mu
Location
- The Mauritius Development Investment Trust Company Limited
- Newton Tower
- Sir William Newton Street, Seventh Floor
- Port-Louis
- Mauritius
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/20 15:18 |
| End of Day Share Price | 2021/10/20 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.