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MDIT

Mauritius Development Investment TrustMUSE:MDIT.N0000 Stock Report

Market Cap

MU₨1.3b

7D

2.0%

1Y

59.1%

Updated

20 Oct, 2021

Data

Company Financials
MDIT.N0000 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends2/6

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

Summary of all time highs, changes and price drops for Mauritius Development Investment Trust
Historical stock prices
Current Share PriceMU₨3.07
52 Week HighMU₨1.91
52 Week LowMU₨3.40
Beta0.31
1 Month Change-0.97%
3 Month Change0.33%
1 Year Change59.07%
3 Year Change-34.68%
5 Year Change-22.48%
Change since IPO10.52%

Recent News & Updates

Shareholder Returns

MDIT.N0000MU Capital MarketsMU Market
7D2.0%0.07%0.3%
1Y59.1%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

Is MDIT.N0000's price volatile compared to industry and market?
MDIT.N0000 volatility
MDIT.N0000 Beta0.31
Industry Beta0.87
Market Beta1

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

FoundedEmployeesCEOWebsite
1967n/aGrace Leung Shinghttps://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

How do Mauritius Development Investment Trust's earnings and revenue compare to its market cap?
MDIT.N0000 fundamental statistics
Market CapMU₨1.30b
Earnings (TTM)MU₨273.94m
Revenue (TTM)MU₨291.09m

4.7x

P/E Ratio

4.5x

P/S Ratio

Is MDIT.N0000 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MDIT.N0000 income statement (TTM)
RevenueMU₨291.09m
Cost of RevenueMU₨0
Gross ProfitMU₨291.09m
ExpensesMU₨17.15m
EarningsMU₨273.94m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.65
Gross Margin100.00%
Net Profit Margin94.11%
Debt/Equity Ratio6.2%

How did MDIT.N0000 perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

11%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:18
End of Day Share Price2021/10/20 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.