| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
MIXT Stock Overview
MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service (Saas) delivery model.
MiX Telematics Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R11.36 |
| 52 Week High | R16.79 |
| 52 Week Low | R10.49 |
| Beta | 0.32 |
| 1 Month Change | 2.53% |
| 3 Month Change | -11.04% |
| 1 Year Change | -18.04% |
| 3 Year Change | -23.55% |
| 5 Year Change | 55.19% |
| Change since IPO | -37.31% |
Recent News & Updates
MiX Telematics Showing Continued Strength Of Their Solutions
Despite a slowdown from COVID, MiX's track record of growth coupled with their growing bundled solution suggest reasonable upside ahead. Given their cash flow dynamics, management's demonstrated competence at capital allocation, and the contractual nature of demand, the downside is seemingly protected at these levels. With high incremental margins on top of HSD%+ expected top-line growth, MiX's current valuation of under 8x EBITDA ($14.3/share) provides a favorable risk/reward with 3-year upside of $20+ per share.
Shareholder Returns
| MIXT | US Software | US Market | |
|---|---|---|---|
| 7D | -1.2% | -5.9% | -4.6% |
| 1Y | -18.0% | 10.2% | 7.7% |
Return vs Industry: MIXT underperformed the US Software industry which returned 12.7% over the past year.
Return vs Market: MIXT underperformed the US Market which returned 10.2% over the past year.
Price Volatility
| MIXT volatility | |
|---|---|
| MIXT Average Weekly Movement | 6.1% |
| Software Industry Average Movement | 8.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: MIXT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MIXT's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1996 | 989 | Joss Joselowitz | https://www.mixtelematics.com |
MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service (Saas) delivery model. The company offers MiX Fleet Manager, a web-based application, which provides commercial fleet management solution that gives user live and historical views of driver and vehicle performance information, including vehicle tracking and status information, as well as alerts and notifications; MiX Asset Manager, a portfolio of asset tracking products comprising generators, light towers, storage tanks, and pumps; and Matrix, a mobile asset management solutions that offers real-time and historical vehicle tracking and positioning, unauthorized vehicle use alerts, panic emergency response, crash alerts, driver behavior alerts, fuel tax logbooks, and vehicle maintenance notifications for entry-level fleets and consumers. It also provides Beam-e, a crowdsourcing platform to locate vehicles without the expense of utilizing a traditional cellular network connection, and entry-level tracking and recovery services; MiX Now, a system that helps companies monitor and manage the behavior and performance of their vehicles and drivers.
MiX Telematics Fundamentals Summary
| MIXT fundamental statistics | |
|---|---|
| Market Cap | US$262.48m |
| Earnings (TTM) | US$13.55m |
| Revenue (TTM) | US$139.42m |
19.4x
P/E Ratio1.9x
P/S RatioIs MIXT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MIXT income statement (TTM) | |
|---|---|
| Revenue | US$139.42m |
| Cost of Revenue | US$50.14m |
| Gross Profit | US$89.28m |
| Expenses | US$75.73m |
| Earnings | US$13.55m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.024 |
| Gross Margin | 64.04% |
| Net Profit Margin | 9.72% |
| Debt/Equity Ratio | 1.7% |
How did MIXT perform over the long term?
See historical performance and comparisonDividends
2.1%
Current Dividend Yield46%
Payout RatioValuation
Is MiX Telematics undervalued compared to its fair value and its price relative to the market?
39.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MIXT ($11.36) is trading below our estimate of fair value ($18.8)
Significantly Below Fair Value: MIXT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MIXT is good value based on its PE Ratio (19.4x) compared to the US Software industry average (42x).
PE vs Market: MIXT is poor value based on its PE Ratio (19.4x) compared to the US market (17x).
Price to Earnings Growth Ratio
PEG Ratio: MIXT is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: MIXT is good value based on its PB Ratio (2.1x) compared to the US Software industry average (4.8x).
Future Growth
How is MiX Telematics forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
10.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MIXT's forecast earnings growth (10.5% per year) is above the savings rate (2%).
Earnings vs Market: MIXT's earnings (10.5% per year) are forecast to grow slower than the US market (13% per year).
High Growth Earnings: MIXT's earnings are forecast to grow, but not significantly.
Revenue vs Market: MIXT's revenue (7.5% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: MIXT's revenue (7.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MIXT's Return on Equity is forecast to be high in 3 years time
Past Performance
How has MiX Telematics performed over the past 5 years?
6.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MIXT has high quality earnings.
Growing Profit Margin: MIXT's current net profit margins (9.7%) are higher than last year (6.5%).
Past Earnings Growth Analysis
Earnings Trend: MIXT's earnings have grown by 6.8% per year over the past 5 years.
Accelerating Growth: MIXT's earnings growth over the past year (59.1%) exceeds its 5-year average (6.8% per year).
Earnings vs Industry: MIXT earnings growth over the past year (59.1%) exceeded the Software industry 20%.
Return on Equity
High ROE: MIXT's Return on Equity (10.9%) is considered low.
Financial Health
How is MiX Telematics's financial position?
Financial Position Analysis
Short Term Liabilities: MIXT's short term assets ($74.4M) exceed its short term liabilities ($34.3M).
Long Term Liabilities: MIXT's short term assets ($74.4M) exceed its long term liabilities ($14.6M).
Debt to Equity History and Analysis
Debt Level: MIXT has more cash than its total debt.
Reducing Debt: MIXT's debt to equity ratio has reduced from 2.5% to 1.7% over the past 5 years.
Debt Coverage: MIXT's debt is well covered by operating cash flow (1331.4%).
Interest Coverage: MIXT's interest payments on its debt are well covered by EBIT (126.6x coverage).
Balance Sheet
Dividend
What is MiX Telematics's current dividend yield, its reliability and sustainability?
2.08%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MIXT's dividend (2.08%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: MIXT's dividend (2.08%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: MIXT's dividend payments have been volatile in the past 10 years.
Growing Dividend: MIXT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.3%), MIXT's dividend payments are well 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?
4.8yrs
Average management tenure
CEO
Joss Joselowitz (62 yo)
26yrs
Tenure
US$701,070
Compensation
Mr. Stefan Brian Joselowitz, also known as Joss, serves as Chief Executive Officer and Director of MiX Telematics Europe Limited since 1996 and serves as its President. Mr. Joselowitz serves as Group Chief...
CEO Compensation Analysis
Compensation vs Market: Joss's total compensation ($USD701.07K) is below average for companies of similar size in the US market ($USD1.10M).
Compensation vs Earnings: Joss's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: MIXT's management team is considered experienced (4.8 years average tenure).
Board Members
Experienced Board: MIXT's board of directors are seasoned and experienced ( 10 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
MiX Telematics Limited's employee growth, exchange listings and data sources
Key Information
- Name: MiX Telematics Limited
- Ticker: MIXT
- Exchange: NYSE
- Founded: 1996
- Industry: Application Software
- Sector: Software
- Implied Market Cap: R4.012b
- Listing Market Cap: R262.480m
- Shares outstanding: 553.39m
- Website: https://www.mixtelematics.com
Number of Employees
Location
- MiX Telematics Limited
- 750 Park of Commerce Boulevard
- Suite 100
- Boca Raton
- Florida
- 33487
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 23:45 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2021/03/31 |
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.