MiX Telematics
Market Cap
US$308.0m
Last Updated
2021/02/28 23:45 UTC
Data Sources
Company Financials +
Executive Summary
MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service (Saas) delivery model. More Details
Snowflake Analysis
Excellent balance sheet and slightly overvalued.
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
Stable Share Price: MIXT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MIXT's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-6.7%
MIXT
-6.3%
US Software
-3.6%
US Market
1 Year Return
4.7%
MIXT
51.0%
US Software
36.5%
US Market
Return vs Industry: MIXT underperformed the US Software industry which returned 51% over the past year.
Return vs Market: MIXT underperformed the US Market which returned 36.4% over the past year.
Shareholder returns
| MIXT | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.7% | -6.3% | -3.6% |
| 30 Day | 0% | -0.2% | 2.7% |
| 90 Day | 39.3% | 4.8% | 7.5% |
| 1 Year | 6.5%4.7% | 52.0%51.0% | 39.5%36.5% |
| 3 Year | 8.2%3.8% | 129.6%122.8% | 53.5%43.6% |
| 5 Year | 327.1%295.7% | 285.6%265.1% | 117.5%93.2% |
Long-Term 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
2 years ago | Simply Wall St
Should You Be Tempted To Sell MiX Telematics Limited (NYSE:MIXT) At Its Current PE Ratio?3 years ago | Simply Wall St
Will MiX Telematics Limited's (MIXT) Earnings Grow In The Year Ahead?Valuation
Is MiX Telematics undervalued compared to its fair value and its price relative to the market?
32.75x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MIXT ($13.89) is trading above our estimate of fair value ($8.31)
Significantly Below Fair Value: MIXT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MIXT is good value based on its PE Ratio (32.7x) compared to the US Software industry average (48.3x).
PE vs Market: MIXT is poor value based on its PE Ratio (32.7x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: MIXT is poor value based on its PEG Ratio (6.7x)
Price to Book Ratio
PB vs Industry: MIXT is good value based on its PB Ratio (2.5x) compared to the US Software industry average (9.3x).
Next Steps
Future Growth
How is MiX Telematics forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
4.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MIXT's forecast earnings growth (4.9% per year) is above the savings rate (2%).
Earnings vs Market: MIXT's earnings (4.9% per year) are forecast to grow slower than the US market (20.1% per year).
High Growth Earnings: MIXT's earnings are forecast to grow, but not significantly.
Revenue vs Market: MIXT's revenue (5.4% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: MIXT's revenue (5.4% 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?
2.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MIXT has high quality earnings.
Growing Profit Margin: MIXT's current net profit margins (7.3%) are lower than last year (13%).
Past Earnings Growth Analysis
Earnings Trend: MIXT's earnings have grown by 2.9% per year over the past 5 years.
Accelerating Growth: MIXT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MIXT had negative earnings growth (-51.3%) over the past year, making it difficult to compare to the Software industry average (16%).
Return on Equity
High ROE: MIXT's Return on Equity (7.6%) is considered low.
Next Steps
Financial Health
How is MiX Telematics's financial position?
Financial Position Analysis
Short Term Liabilities: MIXT's short term assets ($75.5M) exceed its short term liabilities ($36.6M).
Long Term Liabilities: MIXT's short term assets ($75.5M) exceed its long term liabilities ($13.8M).
Debt to Equity History and Analysis
Debt Level: MIXT's debt to equity ratio (2.3%) is considered satisfactory.
Reducing Debt: MIXT's debt to equity ratio has increased from 1.5% to 2.3% over the past 5 years.
Debt Coverage: MIXT's debt is well covered by operating cash flow (1287.5%).
Interest Coverage: MIXT's interest payments on its debt are well covered by EBIT (236.8x coverage).
Balance Sheet
Next Steps
Dividend
What is MiX Telematics's current dividend yield, its reliability and sustainability?
1.89%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MIXT's dividend (1.89%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: MIXT's dividend (1.89%) is low compared to the top 25% of dividend payers in the US market (3.77%).
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 high payout ratio (100.8%), MIXT's dividend payments are not 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?
3.9yrs
Average management tenure
CEO
Joss Joselowitz (61 yo)
25.08yrs
Tenure
US$856,919
Compensation
Mr. Stefan Brian Joselowitz, also known as Joss, serves as Chief Executive Officer and Director of MiX Telematics Europe Limited since 1996 and serves as its President. Mr. Joselowitz serves as Group Chief...
CEO Compensation Analysis
Compensation vs Market: Joss's total compensation ($USD856.92K) is below average for companies of similar size in the US market ($USD1.50M).
Compensation vs Earnings: Joss's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 25.08yrs | US$856.92k | no data | |
| CFO, Executive VP & Director | 1.58yrs | US$257.00k | no data | |
| COO & Executive Director | 13.5yrs | US$572.54k | 1.24% $ 3.8m | |
| Chief Accounting Officer & CFO of Americas | no data | US$323.77k | 0.00018% $ 554.5 | |
| Executive VP of Technology & MD of Central Services Organisation | 7.08yrs | US$305.57k | 0.35% $ 1.1m | |
| Executive VP of Africa & MD of MiX Africa | 6.67yrs | US$360.05k | 0.15% $ 459.9k | |
| Group Legal Counsel | 3.75yrs | no data | no data | |
| Executive Vice President of Marketing | 1.08yrs | no data | no data | |
| Managing Director of Mix Brazil | no data | no data | no data | |
| Chief Operating Officer - North America | 4.08yrs | no data | no data | |
| Managing Director - Mix MEA | 1.33yrs | no data | no data | |
| Executive Vice President of Sales for North America | 0.42yr | no data | no data |
3.9yrs
Average Tenure
51.5yo
Average Age
Experienced Management: MIXT's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 25.08yrs | US$856.92k | no data | |
| CFO, Executive VP & Director | 1.58yrs | US$257.00k | no data | |
| COO & Executive Director | 13.5yrs | US$572.54k | 1.24% $ 3.8m | |
| Lead Independent Non-Executive Director | 4.33yrs | US$53.52k | 0.67% $ 2.1m | |
| Independent Non-Executive Director | 3.33yrs | US$36.46k | no data | |
| Independent Non-Executive Director | 4.67yrs | US$28.86k | 2.41% $ 7.4m | |
| Chairman of the Board | 4.33yrs | US$45.20k | 4.25% $ 13.1m | |
| Independent Non-Executive Director | 2.58yrs | US$32.83k | no data |
4.3yrs
Average Tenure
53.5yo
Average Age
Experienced Board: MIXT's board of directors are considered experienced (4.3 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
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: R4.675b
- Listing Market Cap: R308.040m
- Shares outstanding: 551.32m
- Website: https://www.mixtelematics.co.za
Number of Employees
Location
- MiX Telematics Limited
- 750 Park of Commerce Boulevard
- Suite 110
- Boca Raton
- Florida
- 33487
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MIX | JSE (The Johannesburg Securities Exchange) | Yes | Ordinary Shares | ZA | ZAR | Nov 2007 |
| MIXT | NYSE (New York Stock Exchange) | ADS EACH REPR 25 ORD SPONS | US | USD | Aug 2013 | |
| 3PQA | DB (Deutsche Boerse AG) | ADS EACH REPR 25 ORD SPONS | DE | EUR | Aug 2013 | |
| MIXT N | BMV (Bolsa Mexicana de Valores) | ADS EACH REPR 25 ORD SPONS | MX | MXN | Aug 2013 |
Biography
MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service (Saas) delivery model. The company offers fleet solutions, including MiX Fleet Manager Premium that...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/28 23:45 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/03/31 |
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.