MiX Telematics
Market Cap
US$279.5m
Last Updated
2019/10/22 00:38 UTC
Data Sources
Company Financials +
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
| MIXT | Industry | Market | |
|---|---|---|---|
| 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 Year | 110.3%102.0% | 111.2%102.7% | 46.2%36.7% |
| 5 Year | 62.0%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
1 year ago | Simply Wall St
Should You Be Tempted To Sell MiX Telematics Limited (NYSE:MIXT) At Its Current PE Ratio?1 year 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?
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
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
| 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 delivery model. The company offers fleet solutions, including MiX Fleet Manager Premium that provid ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/22 00:38 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/03/31 |
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.