MiX Telematics
MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service delivery model. The last earnings update was 52 days ago. More info.
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MIXT Share Price and Events
7 Day Returns
1 Year Returns
MIXT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| MiX Telematics (MIXT) | -4.8% | -6.7% | 18.1% | 11.7% | 354% | 62.9% |
| US Software | 0.2% | 5% | 24.9% | 31.2% | 108.9% | 137.5% |
| US Market | -1.1% | 0.3% | 16.7% | 6.4% | 37.9% | 42.1% |
1 Year Return vs Industry and Market
- MIXT underperformed the Software industry which returned 31.2% over the past year.
- MIXT outperformed the Market in United States of America which returned 6.4% over the past year.
Value
Is MiX Telematics undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
MiX Telematics
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for MiX Telematics.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 5 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.3% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Software Unlevered Beta | Simply Wall St/ S&P Global | 1.14 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.14 (1 + (1- 28%) (1.33%)) |
1.101 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.1 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.101 * 5.96%) |
9.29% |
Discounted Cash Flow Calculation for NYSE:MIXT using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for MiX Telematics is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (ZAR, Millions) | Source |
Present Value Discounted (@ 9.29%) |
|
|---|---|---|---|
| 2019 | 141.96 | Analyst x1 | 129.89 |
| 2020 | 188.06 | Analyst x2 | 157.45 |
| 2021 | 249.52 | Analyst x1 | 191.14 |
| 2022 | 300.65 | Est @ 20.49% | 210.73 |
| 2023 | 346.25 | Est @ 15.16% | 222.06 |
| 2024 | 385.84 | Est @ 11.43% | 226.41 |
| 2025 | 419.88 | Est @ 8.82% | 225.44 |
| 2026 | 449.26 | Est @ 7% | 220.71 |
| 2027 | 474.93 | Est @ 5.72% | 213.48 |
| 2028 | 497.82 | Est @ 4.82% | 204.75 |
| Present value of next 10 years cash flows | ZAR2,002.06 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= ZAR497.82 × (1 + 2.73%) ÷ (9.29% – 2.73%) |
ZAR7,794.57 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= ZAR7,794.57 ÷ (1 + 9.29%)10 |
ZAR3,205.83 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= ZAR2,002.06 + ZAR3,205.83 |
ZAR5,207.89 |
| Equity Value per Share (ZAR) |
= Total value / Shares Outstanding
= ZAR5,207.89 / 561.95 |
ZAR9.27 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in NYSE:MIXT
represents 1.71204x
of
JSE:MIX
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
1.71204x |
| Value per Share (Listing Adjusted, USD) |
= Value per Share (ZAR) x Listing Adjustment Factor
= ZAR 9.27 x 1.71204 |
$15.87 |
| Value per share (USD) | From above. | $15.87 |
| Current discount | Discount to share price of
$17.48
= -1 x ($17.48 - $15.87) / $15.87 |
-10.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of MiX Telematics is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for MiX Telematics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
MiX Telematics's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in ZAR | ZAR0.34 |
| JSE:MIX Share Price ** | JSE (2019-03-22) in ZAR | ZAR10.21 |
| United States of America Software Industry PE Ratio | Median Figure of 84 Publicly-Listed Software Companies | 53.16x |
| United States of America Market PE Ratio | Median Figure of 3,061 Publicly-Listed Companies | 17.15x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of MiX Telematics.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = JSE:MIX Share Price ÷ EPS (both in ZAR) = 10.21 ÷ 0.34 |
30.36x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- MiX Telematics is good value based on earnings compared to the US Software industry average.
- MiX Telematics is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
MiX Telematics's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 30.36x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
25.2%per year |
| United States of America Software Industry PEG Ratio | Median Figure of 66 Publicly-Listed Software Companies | 3.32x |
| United States of America Market PEG Ratio | Median Figure of 2,104 Publicly-Listed Companies | 1.45x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 30.36x ÷ 25.2% |
1.2x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- MiX Telematics is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
MiX Telematics's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in ZAR | ZAR2.98 |
| JSE:MIX Share Price * | JSE (2019-03-22) in ZAR | ZAR10.21 |
| United States of America Software Industry PB Ratio | Median Figure of 220 Publicly-Listed Software Companies | 5.62x |
| United States of America Market PB Ratio | Median Figure of 5,164 Publicly-Listed Companies | 1.84x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = JSE:MIX Share Price ÷ Book Value per Share (both in ZAR) = 10.21 ÷ 2.98 |
3.42x |
* Primary Listing of MiX Telematics.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- MiX Telematics is good value based on assets compared to the US Software industry average.
Value checks
We assess MiX Telematics's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) MiX Telematics has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- MiX Telematics's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- MiX Telematics's earnings growth is expected to exceed the United States of America market average.
- MiX Telematics's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:MIXT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | 25.2% |
| NYSE:MIXT Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts | 8.7% |
| United States of America Software Industry Earnings Growth Rate | Market Cap Weighted Average | 16% |
| United States of America Software Industry Revenue Growth Rate | Market Cap Weighted Average | 10.9% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.2% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in ZAR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-03-31 | 2,329 | 642 | 310 | 4 |
| 2020-03-31 | 2,138 | 560 | 262 | 5 |
| 2019-03-31 | 1,963 | 472 | 187 | 5 |
| Date (Data in ZAR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 1,921 | 456 | 190 |
| 2018-09-30 | 1,849 | 432 | 192 |
| 2018-06-30 | 1,764 | 358 | 162 |
| 2018-03-31 | 1,712 | 353 | 181 |
| 2017-12-31 | 1,650 | 361 | 148 |
| 2017-09-30 | 1,610 | 349 | 124 |
| 2017-06-30 | 1,567 | 314 | 123 |
| 2017-03-31 | 1,540 | 324 | 121 |
| 2016-12-31 | 1,533 | 302 | 104 |
| 2016-09-30 | 1,510 | 231 | 127 |
| 2016-06-30 | 1,500 | 233 | 184 |
| 2016-03-31 | 1,465 | 240 | 183 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
All data from MiX Telematics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in ZAR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-03-31 | 0.54 | 0.62 | 0.50 | 4.00 |
| 2020-03-31 | 0.45 | 0.48 | 0.43 | 5.00 |
| 2019-03-31 | 0.32 | 0.38 | 0.29 | 5.00 |
| Date (Data in ZAR Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.34 |
| 2018-09-30 | 0.34 |
| 2018-06-30 | 0.29 |
| 2018-03-31 | 0.32 |
| 2017-12-31 | 0.26 |
| 2017-09-30 | 0.22 |
| 2017-06-30 | 0.21 |
| 2017-03-31 | 0.19 |
| 2016-12-31 | 0.15 |
| 2016-09-30 | 0.17 |
| 2016-06-30 | 0.24 |
| 2016-03-31 | 0.24 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if MiX Telematics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess MiX Telematics's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
MiX Telematics has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has MiX Telematics performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- MiX Telematics's year on year earnings growth rate has been positive over the past 5 years.
- MiX Telematics's 1-year earnings growth exceeds its 5-year average (28% vs 1%)
- MiX Telematics's earnings growth has exceeded the US Software industry average in the past year (28% vs 26.2%).
Earnings and Revenue History
All data from MiX Telematics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in ZAR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 1,921.49 | 189.63 | 963.52 | |
| 2018-09-30 | 1,849.21 | 191.84 | 947.52 | |
| 2018-06-30 | 1,763.64 | 161.73 | 921.28 | |
| 2018-03-31 | 1,712.48 | 181.13 | 914.81 | |
| 2017-12-31 | 1,650.38 | 148.11 | 897.43 | |
| 2017-09-30 | 1,609.63 | 124.41 | 881.47 | |
| 2017-06-30 | 1,566.62 | 123.37 | 884.30 | |
| 2017-03-31 | 1,540.06 | 121.46 | 886.11 | |
| 2016-12-31 | 1,532.66 | 104.13 | 916.83 | |
| 2016-09-30 | 1,509.90 | 127.00 | 921.65 | |
| 2016-06-30 | 1,499.99 | 183.68 | 909.65 | |
| 2016-03-31 | 1,465.02 | 182.99 | 883.10 | |
| 2015-12-31 | 1,448.68 | 221.51 | 843.05 | |
| 2015-09-30 | 1,421.55 | 195.55 | 821.38 | |
| 2015-06-30 | 1,414.30 | 164.78 | 800.93 | |
| 2015-03-31 | 1,389.38 | 149.62 | 782.38 | |
| 2014-12-31 | 1,370.12 | 147.57 | 775.10 | |
| 2014-09-30 | 1,328.46 | 160.19 | 740.63 | |
| 2014-06-30 | 1,292.42 | 141.34 | 708.71 | |
| 2014-03-31 | 1,271.66 | 151.59 | 680.21 | |
| 2013-12-31 | 1,231.77 | 146.79 | 627.55 | |
| 2013-09-30 | 1,220.55 | 131.59 | 602.01 | |
| 2013-06-30 | 1,189.55 | 130.18 | 585.12 | |
| 2013-03-31 | 1,171.48 | 128.47 | 560.16 | |
| 2012-12-31 | 1,137.69 | 119.40 | 546.82 | |
| 2012-09-30 | 1,113.85 | 126.50 | 526.66 | |
| 2012-06-30 | 1,064.37 | 112.76 | 501.88 | |
| 2012-03-31 | 1,018.48 | 103.24 | 488.18 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- MiX Telematics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- MiX Telematics used its assets more efficiently than the US Software industry average last year based on Return on Assets.
- MiX Telematics has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess MiX Telematics's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
MiX Telematics has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is MiX Telematics's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up MiX Telematics's finances.
The net worth of a company is the difference between its assets and liabilities.
- MiX Telematics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- MiX Telematics's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 10.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from MiX Telematics Company Filings, last reported 2 months ago.
| Date (Data in ZAR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,675.29 | 76.33 | 316.34 |
| 2018-09-30 | 1,690.55 | 78.98 | 347.25 |
| 2018-06-30 | 1,626.87 | 72.80 | 256.37 |
| 2018-03-31 | 1,517.18 | 17.72 | 308.26 |
| 2017-12-31 | 1,479.71 | 20.06 | 267.15 |
| 2017-09-30 | 1,482.18 | 26.66 | 283.53 |
| 2017-06-30 | 1,436.51 | 33.00 | 290.16 |
| 2017-03-31 | 1,442.93 | 19.45 | 375.78 |
| 2016-12-31 | 1,433.37 | 35.40 | 358.65 |
| 2016-09-30 | 1,422.58 | 35.91 | 346.87 |
| 2016-06-30 | 1,928.91 | 13.36 | 845.80 |
| 2016-03-31 | 1,919.81 | 17.48 | 877.14 |
| 2015-12-31 | 1,946.72 | 29.82 | 907.46 |
| 2015-09-30 | 1,873.84 | 50.44 | 934.53 |
| 2015-06-30 | 1,913.45 | 21.35 | 959.22 |
| 2015-03-31 | 1,864.57 | 20.47 | 945.38 |
| 2014-12-31 | 1,802.58 | 37.83 | 875.71 |
| 2014-09-30 | 1,763.54 | 60.12 | 904.62 |
| 2014-06-30 | 1,696.15 | 48.61 | 829.80 |
| 2014-03-31 | 1,671.63 | 31.55 | 830.45 |
| 2013-12-31 | 1,604.60 | 61.52 | 792.58 |
| 2013-09-30 | 1,543.93 | 64.48 | 767.77 |
| 2013-06-30 | 911.90 | 72.79 | 150.25 |
| 2013-03-31 | 867.87 | 59.48 | 147.70 |
| 2012-12-31 | |||
| 2012-09-30 | 793.67 | 92.12 | 93.18 |
| 2012-06-30 | 772.09 | 73.11 | 118.70 |
| 2012-03-31 | 772.09 | 73.11 | 118.70 |
- MiX Telematics's level of debt (4.6%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (3.8% vs 4.6% today).
- Debt is well covered by operating cash flow (597.2%, greater than 20% of total debt).
- MiX Telematics earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess MiX Telematics's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) MiX Telematics has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is MiX Telematics's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
MiX Telematics
shares you are expected to receive
$24
in your first year as a dividend.
Dividend Amount
- MiX Telematics's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
- MiX Telematics's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| United States of America Software Industry Average Dividend Yield | Market Cap Weighted Average of 24 Stocks | 1.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2003 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in ZAR) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-03-31 | ||
| 2020-03-31 | ||
| 2019-03-31 |
| Date (Data in ZAR) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-01-31 | 0.120 | 1.180 |
| 2018-11-01 | 0.120 | 1.293 |
| 2018-08-02 | 0.120 | 1.372 |
| 2018-05-10 | 0.120 | 1.243 |
| 2018-02-01 | 0.100 | 1.404 |
| 2017-11-02 | 0.100 | 1.632 |
| 2017-08-03 | 0.100 | 1.993 |
| 2017-06-27 | 0.080 | 1.900 |
| 2017-05-25 | 0.080 | 2.156 |
| 2017-02-02 | 0.080 | 2.321 |
| 2016-11-03 | 0.080 | 2.326 |
| 2016-08-04 | 0.080 | 2.521 |
| 2016-06-15 | 0.080 | 2.894 |
| 2016-05-26 | 0.080 | 2.709 |
| 2016-02-04 | 0.080 | 3.336 |
| 2015-11-05 | 0.080 | 2.897 |
| 2015-08-26 | 0.080 | 2.592 |
| 2015-06-26 | 0.080 | 2.263 |
| 2015-02-12 | 0.000 | 0.000 |
| 2014-11-06 | 0.000 | 0.000 |
| 2014-08-07 | 0.000 | 0.000 |
| 2014-06-05 | 0.000 | 0.000 |
| 2014-06-03 | 0.000 | 0.000 |
| 2013-08-12 | 0.120 | 2.306 |
| 2013-07-26 | 0.120 | 2.344 |
| 2013-07-22 | 0.120 | 2.849 |
| 2013-07-03 | 0.120 | 3.563 |
| 2013-06-10 | 0.120 | 3.456 |
| 2012-11-12 | 0.080 | 2.441 |
| 2012-10-15 | 0.080 | 2.860 |
| 2012-07-31 | 0.080 | 3.367 |
| 2012-06-11 | 0.080 | 3.289 |
| 2011-06-08 | 0.060 | 3.905 |
| 2010-06-07 | 0.050 | 3.923 |
| 2009-06-08 | 0.040 | 4.312 |
| 2009-03-31 | 0.040 | 7.709 |
| 2009-03-25 | 0.015 | 3.098 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess MiX Telematics's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can MiX Telematics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) MiX Telematics has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | ZAR13,578,000 |
| AGE | 59 |
| TENURE AS CEO | 23.2 years |
CEO Bio
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 Executive Officer of MiX Telematics Africa (Pty) Ltd and MiX Telematics International (Pty) Ltd. He founded the MiX Telematics Europe Limited in 1996. He serves as the President of MiX Telematics International (Pty) Ltd. Mr. Joselowitz has been the Chief Executive Officer and President of MiX Telematics Limited (formerly Telimatrix Ltd.) since January 1996. Mr. Joselowitz has been an Executive Director at MiX Telematics Limited and MiX Telematics International (Pty) Ltd since January 1996. He has been successful in several senior management positions over a career spanning 20 years. He held positions includes as Sales Director and the Chief Executive Officer of Shurlok (Pty) Limited from 1984 to 1995. Mr. Joselowitz also successfully developed a European sales and distribution channel for Electromactic (Pty) Limited. In 1996, he put together a funding consortium and launched Matrix Vehicle Tracking. He served as a Director of MiX Telematics Africa (Pty) Ltd. Mr. Joselowitz is a Certificate in Electrical Engineering Light and is a Trade Diploma Aircraft Electronician.
CEO Compensation
- Joss's compensation has increased by more than 20% in the past year.
- Joss's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the MiX Telematics management team in years:
- The tenure for the MiX Telematics management team is about average.
Management Team
Joss Joselowitz
president
ZAR14M
59
23.2 yrs
Paul Dell
Interim Group CFO & Executive Director
ZAR4M
36
2.1 yrs
Charles Tasker
COO & Executive Director
ZAR10M
54
4.8 yrs
Catherine Lewis
Executive VP of Technology & MD of Central Services Organisation
ZAR5M
43
5.2 yrs
Gert Pretorius
Executive Vice President of Africa
ZAR7M
50
4.8 yrs
Jennifer de Vos
Group Legal Counsel
1.8 yrs
Adam Bruttell
Vice President of Sales & Marketing
1.2 yrs
Marc Trollet
Managing Director of Europe
Luiz Munhoz
Managing Director of Mix Brazil
Christoff Smit
Chief Financial & Operating Officer - North America
2.2 yrs
Board of Directors Tenure
Average tenure and age of the MiX Telematics board of directors in years:
- The average tenure for the MiX Telematics board of directors is less than 3 years, this suggests a new board.
Board of Directors
Robin Frew
Chairman
ZAR746K
58
2.4 yrs
Joss Joselowitz
president
ZAR14M
59
23.2 yrs
Paul Dell
Interim Group CFO & Executive Director
ZAR4M
36
2.1 yrs
Charles Tasker
COO & Executive Director
ZAR10M
54
11.6 yrs
S. Bruyns
Lead Independent Non-Executive Director
ZAR773K
65
2.4 yrs
Tony Welton
Independent Non-Executive Director
ZAR614K
70
11.1 yrs
Fundi Roji-Maplanka
Independent Non-Executive Director
ZAR292K
42
1.4 yrs
Ian Jacobs
Independent Non-Executive Director
ZAR386K
41
2.8 yrs
Fikile Futwa
Independent Non-Executive Director
42
0.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess MiX Telematics's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) MiX Telematics has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Should You Be Tempted To Sell MiX Telematics Limited (NYSE:MIXT) At Its Current PE Ratio?
Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for MIXT Price per share = ZAR8.65 Earnings per share = ZAR0.264 ∴ Price-Earnings Ratio = ZAR8.65 ÷ ZAR0.264 = 32.8x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you accidentally compared lower growth firms with MIXT, then MIXT’s P/E would naturally be higher since investors would reward MIXT’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with MIXT, MIXT’s P/E would again be higher since investors would reward MIXT’s lower risk with a higher price as well.
Simply Wall St - – Full articleWill MiX Telematics Limited's (MIXT) Earnings Grow In The Year Ahead?
To assess the reasonability of MIXT’s earnings growth per share, we should look at its most recent growth rate delivered. … This indicates a relatively solid earnings per share growth rate of 49.04% over the next few years, which is an optimistic outlook in the near term. … NYSE:MIXT Past Future Earnings Nov 8th 17 Is this similar growth to the past?
Simply Wall St - – Full articleCompany Info
Description
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 provides access to secure information about drivers and vehicles; MiX Fleet Manager Essential for monitoring drivers and vehicles; and MiX Asset Manager, a solution for fleet owners and managers to track and monitor vehicles. It also provides consumer solutions, including Matrix that provides vehicle tracking, telematics, and personal safety services; and Beame, a wireless device, which offers mobile asset tracking and recovery services. In addition, the company provides value added services comprising driver communication, collision prevention and reduction, satellite communication, driver identification, trailer tracking, field services management, driver engagement, fuel security, outsourced control room, and driver management solutions, as well as voice kits and keypads, and in-vehicle camera. MiX Telematics Limited has operations in Africa, the Americas, the Middle East, Australasia, Europe, and Brazil. The company was founded in 1996 and is based in Midrand, South Africa.
Details
| Name: | MiX Telematics Limited |
| MIXT | |
| Exchange: | NYSE |
| Founded: | 1996 |
| ZAR396,958,479 | |
| 561,947,020 | |
| Website: | http://www.mixtelematics.co.za |
| Address: |
MiX Telematics Limited Matrix Corner, Howick Close, Midrand, Gauteng, 1686, South Africa |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| JSE | MIX | Ordinary Shares | The Johannesburg Securities Exchange | ZA | ZAR | 12. Nov 2007 | |
| NYSE | MIXT | SPONSORED ADR | New York Stock Exchange | US | USD | 09. Aug 2013 | |
| DB | 3PQA | SPONSORED ADR | Deutsche Boerse AG | DE | EUR | 09. Aug 2013 | |
| BMV | MIXT N | SPONSORED ADR | Bolsa Mexicana de Valores | MX | MXN | 09. Aug 2013 |
Number of employees
Current staff
Industry
| Application Software | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/24 00:31 |
| End of day share price update: | 2019/03/22 00:00 |
| Last estimates confirmation: | 2019/01/31 |
| Last earnings filing: | 2019/01/31 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
