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MiX Telematics

NYSE:MIXT
Snowflake Description

Solid track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MIXT
NYSE
ZAR6B
Market Cap
  1. Home
  2. US
  3. Software
Company description

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
-4.8%
NYSE:MIXT
0.2%
US Software
-1.1%
US Market
1 Year Returns
11.7%
NYSE:MIXT
31.2%
US Software
6.4%
US Market
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.
Price Volatility
MIXT
Industry
5yr Volatility vs Market
Related Companies

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MiX Telematics.

NYSE:MIXT Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:MIXT
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.

NYSE:MIXT DCF 1st Stage: Next 10 year cash flow forecast
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
NYSE:MIXT DCF 2nd Stage: Terminal Value
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
NYSE:MIXT Total Equity Value
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
NYSE:MIXT Discount to Share Price
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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NYSE:MIXT PE (Price to Earnings) Ratio Data Sources
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.

NYSE:MIXT PE (Price to Earnings) Ratio Calculation
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?
Raw Data
NYSE:MIXT PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

NYSE:MIXT PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
NYSE:MIXT PB (Price to Book) Ratio Data Sources
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
NYSE:MIXT PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess MiX Telematics's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. 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

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

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!
Annual Growth Rate
25.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MiX Telematics expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:MIXT Future Growth Rates Data Sources
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
Raw Data
NYSE:MIXT Analysts Growth Expectations Data Sources
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 numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:MIXT Future Estimates Data
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
NYSE:MIXT Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • MiX Telematics's earnings are expected to grow significantly at over 20% yearly.
  • MiX Telematics's revenue is expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:MIXT 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.

NYSE:MIXT Future Estimates Data
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
NYSE:MIXT Past Financials Data
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.
X
Future performance checks
We assess MiX Telematics's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare MiX Telematics's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
MiX Telematics's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MiX Telematics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MIXT Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess MiX Telematics's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of MiX Telematics's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from MiX Telematics Company Filings, last reported 2 months ago.

NYSE:MIXT Past Debt and Equity Data
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.
X
Financial health checks
We assess MiX Telematics's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MiX Telematics has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
1.18%
Current annual income from MiX Telematics dividends.
If you bought $2,000 of MiX Telematics shares you are expected to receive $24 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
NYSE:MIXT Annualized Past and Future Dividends
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.

NYSE:MIXT Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
2019-03-31
NYSE:MIXT Past Annualized Dividends Data
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.
Current Payout to shareholders
What portion of MiX Telematics's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess MiX Telematics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joss Joselowitz
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:

3.5
Average Tenure
50
Average Age
  • The tenure for the MiX Telematics management team is about average.
Management Team

Joss Joselowitz

TITLE
president
COMPENSATION
ZAR14M
AGE
59
TENURE
23.2 yrs

Paul Dell

TITLE
Interim Group CFO & Executive Director
COMPENSATION
ZAR4M
AGE
36
TENURE
2.1 yrs

Charles Tasker

TITLE
COO & Executive Director
COMPENSATION
ZAR10M
AGE
54
TENURE
4.8 yrs

Catherine Lewis

TITLE
Executive VP of Technology & MD of Central Services Organisation
COMPENSATION
ZAR5M
AGE
43
TENURE
5.2 yrs

Gert Pretorius

TITLE
Executive Vice President of Africa
COMPENSATION
ZAR7M
AGE
50
TENURE
4.8 yrs

Jennifer de Vos

TITLE
Group Legal Counsel
TENURE
1.8 yrs

Adam Bruttell

TITLE
Vice President of Sales & Marketing
TENURE
1.2 yrs

Marc Trollet

TITLE
Managing Director of Europe

Luiz Munhoz

TITLE
Managing Director of Mix Brazil

Christoff Smit

TITLE
Chief Financial & Operating Officer - North America
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the MiX Telematics board of directors in years:

2.4
Average Tenure
54
Average Age
  • 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

TITLE
Chairman
COMPENSATION
ZAR746K
AGE
58
TENURE
2.4 yrs

Joss Joselowitz

TITLE
president
COMPENSATION
ZAR14M
AGE
59
TENURE
23.2 yrs

Paul Dell

TITLE
Interim Group CFO & Executive Director
COMPENSATION
ZAR4M
AGE
36
TENURE
2.1 yrs

Charles Tasker

TITLE
COO & Executive Director
COMPENSATION
ZAR10M
AGE
54
TENURE
11.6 yrs

S. Bruyns

TITLE
Lead Independent Non-Executive Director
COMPENSATION
ZAR773K
AGE
65
TENURE
2.4 yrs

Tony Welton

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR614K
AGE
70
TENURE
11.1 yrs

Fundi Roji-Maplanka

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR292K
AGE
42
TENURE
1.4 yrs

Ian Jacobs

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR386K
AGE
41
TENURE
2.8 yrs

Fikile Futwa

TITLE
Independent Non-Executive Director
AGE
42
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess MiX Telematics's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Will 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 -

Company 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
Staff numbers
1,019
MiX Telematics employees.
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.