NYSE:MIXT

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has MiX Telematics's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.4%

MIXT

-2.7%

US Software

1.0%

US Market


1 Year Return

-8.0%

MIXT

19.2%

US Software

8.0%

US Market

Return vs Industry: MIXT underperformed the US Software industry which returned 19.2% over the past year.

Return vs Market: MIXT underperformed the US Market which returned 8% over the past year.


Shareholder returns

MIXTIndustryMarket
7 Day-1.4%-2.7%1.0%
30 Day-7.6%-2.7%-0.07%
90 Day-16.9%-7.0%-1.0%
1 Year-6.9%-8.0%21.0%19.2%10.4%8.0%
3 Year110.3%102.0%111.2%102.7%46.2%36.7%
5 Year62.0%48.6%164.9%145.8%64.3%46.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is MiX Telematics undervalued compared to its fair value and its price relative to the market?

11.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MIXT ($12.85) is trading below our estimate of fair value ($14.54)

Significantly Below Fair Value: MIXT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MIXT is good value based on its PE Ratio (16.6x) compared to the Software industry average (45.8x).

PE vs Market: MIXT is good value based on its PE Ratio (16.6x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: MIXT is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: MIXT is good value based on its PB Ratio (2.4x) compared to the US Software industry average (5.3x).


Next Steps

Future Growth

How is MiX Telematics forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

14.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MIXT's forecast earnings growth (14.3% per year) is above the savings rate (2.7%).

Earnings vs Market: MIXT's earnings (14.3% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: MIXT's earnings are forecast to grow, but not significantly.

Revenue vs Market: MIXT's revenue (10.7% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: MIXT's revenue (10.7% 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


Next Steps

Past Performance

How has MiX Telematics performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MIXT's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: MIXT's earnings growth over the past year (57.4%) exceeds its 5-year average (4.6% per year).

Earnings vs Industry: MIXT earnings growth over the past year (57.4%) exceeded the Software industry 19.1%.


Return on Equity

High ROE: MIXT's Return on Equity (14.4%) is considered low.


Return on Assets

ROA vs Industry: MIXT has a higher Return on Assets than the Software industry average last year.


Return on Capital Employed

ROCE Improving: MIXT has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is MiX Telematics's financial position?


Financial Position Analysis

Short Term Liabilities: MIXT's short term assets (ZAR893.4M) exceeds its short term liabilities (ZAR470.1M)

Long Term Liabilities: MIXT's short term assets (893.4M) exceeds its long term liabilities (174.3M)


Debt to Equity History and Analysis

Debt Level: MIXT's debt to equity ratio (1.2%) is considered satisfactory

Reducing Debt: MIXT's debt to equity ratio has reduced from 2.9% to 1.2% over the past 5 years.

Debt Coverage: MIXT's debt is well covered by operating cash flow (2569.2%).

Interest Coverage: MIXT earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: MIXT's debt is covered by short term assets (assets are 43.144580x debt).


Next Steps

Dividend

What is MiX Telematics's current dividend yield, its reliability and sustainability?

2.13%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MIXT's dividend (2.13%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: MIXT's dividend (2.13%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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 (31%), 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

What is the CEO of MiX Telematics's salary, the management and board of directors tenure and is there insider trading?

3.9yrs

Average management tenure


CEO

Joss Joselowitz (60yo)

23.8yrs

Tenure

SAR16,659,000

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 ($USD1.13M) is about average for companies of similar size in the US market ($USD1.18M).

Compensation vs Earnings: Joss's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.9yrs

Average Tenure

50.5yo

Average Age

Experienced Management: MIXT's management team is considered experienced (3.9 years average tenure).


Board Age and Tenure

3.0yrs

Average Tenure

52.5yo

Average Age

Experienced Board: MIXT's board of directors are considered experienced (3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Charles Tasker (55yo)

    COO & Executive Director

    • Tenure: 12.2yrs
    • Compensation: SAR12.92m
  • Joss Joselowitz (60yo)

    President

    • Tenure: 23.8yrs
    • Compensation: SAR16.66m
  • John Granara (50yo)

    CFO, Executive VP & Director

    • Tenure: 0.3yrs
  • Gert Pretorius (51yo)

    Executive VP & MD of MiX Africa

    • Tenure: 5.3yrs
    • Compensation: SAR6.89m
  • Marc Trollet

    Managing Director of Europe

    • Tenure: 0yrs
  • Luiz Munhoz

    Managing Director of Mix Brazil

    • Tenure: 0yrs
  • Catherine Lewis (44yo)

    Executive VP of Technology & MD of Central Services Organisation

    • Tenure: 5.8yrs
    • Compensation: SAR5.78m
  • Jennifer de Vos

    Group Legal Counsel

    • Tenure: 2.4yrs
  • Paul Dell (37yo)

    Executive Officer

    • Tenure: 0.3yrs
    • Compensation: SAR4.98m
  • Adam Bruttell

    Vice President of Sales & Marketing

    • Tenure: 1.8yrs

Board Members

  • S. Bruyns (66yo)

    Lead Independent Non-Executive Director

    • Tenure: 3yrs
    • Compensation: SAR900.00k
  • Charles Tasker (55yo)

    COO & Executive Director

    • Tenure: 12.2yrs
    • Compensation: SAR12.92m
  • Fundi Roji-Maplanka (43yo)

    Independent Non-Executive Director

    • Tenure: 2yrs
    • Compensation: SAR600.00k
  • Joss Joselowitz (60yo)

    President

    • Tenure: 23.8yrs
    • Compensation: SAR16.66m
  • Robin Frew (59yo)

    Chairman of the Board

    • Tenure: 3yrs
    • Compensation: SAR760.00k
  • John Granara (50yo)

    CFO, Executive VP & Director

    • Tenure: 0.3yrs
  • Ian Jacobs (42yo)

    Independent Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: SAR400.00k
  • Fikile Futwa (43yo)

    Independent Non-Executive Director

    • Tenure: 1.3yrs
    • Compensation: SAR371.00k

Company Information

MiX Telematics Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MiX Telematics Limited
  • Ticker: MIXT
  • Exchange: NYSE
  • Founded: 1996
  • Industry: Application Software
  • Sector: Software
  • Market Cap: SAR4.134b
  • Listing Market Cap: SAR279.456m
  • Shares outstanding: 551.15m
  • Website: https://www.mixtelematics.co.za

Number of Employees


Location

  • MiX Telematics Limited
  • Matrix Corner
  • Howick Close
  • Midrand
  • Gauteng
  • 1686
  • South Africa

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MIXJSE (The Johannesburg Securities Exchange)YesOrdinary SharesZAZARNov 2007
MIXTNYSE (New York Stock Exchange)ADS EACH REPR 25 ORD SPONSUSUSDAug 2013
3PQADB (Deutsche Boerse AG)ADS EACH REPR 25 ORD SPONSDEEURAug 2013
MIXT NBMV (Bolsa Mexicana de Valores)ADS EACH REPR 25 ORD SPONSMXMXNAug 2013

Biography

MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service delivery model. The company offers fleet solutions, including MiX Fleet Manager Premium that provid ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:38
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.