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MIXT

MiX TelematicsNYSE:MIXT Stock Report

Last Price

R11.36

Market Cap

R262.5m

7D

-1.2%

1Y

-18.0%

Updated

19 Jan, 2022

Data

Company Financials +
MIXT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends3/6

MIXT Stock Overview

MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service (Saas) delivery model.

MiX Telematics Competitors

Karooooo

NasdaqCM:KARO

US$1.1b

Hexagon

OM:HEXA B

kr339.7b

Trimble

NasdaqGS:TRMB

US$18.6b

NavInfo

SZSE:002405

CN¥40.8b

Price History & Performance

Summary of all time highs, changes and price drops for MiX Telematics
Historical stock prices
Current Share PriceR11.36
52 Week HighR16.79
52 Week LowR10.49
Beta0.32
1 Month Change2.53%
3 Month Change-11.04%
1 Year Change-18.04%
3 Year Change-23.55%
5 Year Change55.19%
Change since IPO-37.31%

Recent News & Updates

Aug 12

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

MIXTUS SoftwareUS 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

Is MIXT's price volatile compared to industry and market?
MIXT volatility
MIXT Average Weekly Movement6.1%
Software Industry Average Movement8.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
1996989Joss Joselowitzhttps://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

How do MiX Telematics's earnings and revenue compare to its market cap?
MIXT fundamental statistics
Market CapUS$262.48m
Earnings (TTM)US$13.55m
Revenue (TTM)US$139.42m

19.4x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MIXT income statement (TTM)
RevenueUS$139.42m
Cost of RevenueUS$50.14m
Gross ProfitUS$89.28m
ExpensesUS$75.73m
EarningsUS$13.55m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.024
Gross Margin64.04%
Net Profit Margin9.72%
Debt/Equity Ratio1.7%

How did MIXT perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

46%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:45
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.