NYSE:MIXT

Stock Analysis Report

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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

MIXTIndustryMarket
7 Day-6.7%-6.3%-3.6%
30 Day0%-0.2%2.7%
90 Day39.3%4.8%7.5%
1 Year6.5%4.7%52.0%51.0%39.5%36.5%
3 Year8.2%3.8%129.6%122.8%53.5%43.6%
5 Year327.1%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

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

NamePositionTenureCompensationOwnership
Stefan Joselowitz
President25.08yrsUS$856.92kno data
John Granara
CFO, Executive VP & Director1.58yrsUS$257.00kno data
Charles W. Tasker
COO & Executive Director13.5yrsUS$572.54k1.24%
$ 3.8m
Paul Dell
Chief Accounting Officer & CFO of Americasno dataUS$323.77k0.00018%
$ 554.5
Catherine Lewis
Executive VP of Technology & MD of Central Services Organisation7.08yrsUS$305.57k0.35%
$ 1.1m
Gert Pretorius
Executive VP of Africa & MD of MiX Africa6.67yrsUS$360.05k0.15%
$ 459.9k
Jennifer de Vos
Group Legal Counsel3.75yrsno datano data
Jonathan Bates
Executive Vice President of Marketing1.08yrsno datano data
Luiz Munhoz
Managing Director of Mix Brazilno datano datano data
Christoff Smit
Chief Operating Officer - North America4.08yrsno datano data
Brodie Berg
Managing Director - Mix MEA1.33yrsno datano data
John Nichols
Executive Vice President of Sales for North America0.42yrno datano 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

NamePositionTenureCompensationOwnership
Stefan Joselowitz
President25.08yrsUS$856.92kno data
John Granara
CFO, Executive VP & Director1.58yrsUS$257.00kno data
Charles W. Tasker
COO & Executive Director13.5yrsUS$572.54k1.24%
$ 3.8m
S. Bruyns
Lead Independent Non-Executive Director4.33yrsUS$53.52k0.67%
$ 2.1m
Fundiswa Roji-Maplanka
Independent Non-Executive Director3.33yrsUS$36.46kno data
Ian Jacobs
Independent Non-Executive Director4.67yrsUS$28.86k2.41%
$ 7.4m
Robin Frew
Chairman of the Board4.33yrsUS$45.20k4.25%
$ 13.1m
Fikile Futwa
Independent Non-Executive Director2.58yrsUS$32.83kno 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

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 (Saas) delivery model. The company offers fleet solutions, including MiX Fleet Manager Premium that...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/28 23:45
End of Day Share Price2021/02/26 00:00
Earnings2020/12/31
Annual Earnings2020/03/31


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.