| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
MTA Overview
Metair Investments Limited manufactures, assembles, distributes, and retails energy storage products and automotive components in South Africa, Romania, Turkey, the United Kingdom, the Middle East, and Russia.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R30.80 |
| 52 Week High | R15.19 |
| 52 Week Low | R32.50 |
| Beta | 0.75 |
| 1 Month Change | 5.81% |
| 3 Month Change | 40.64% |
| 1 Year Change | 79.59% |
| 3 Year Change | 98.07% |
| 5 Year Change | 54.77% |
| Change since IPO | 5,603.71% |
Recent News & Updates
Shareholder Returns
| MTA | ZA Auto Components | ZA Market | |
|---|---|---|---|
| 7D | 2.4% | 3.9% | 1.6% |
| 1Y | 79.6% | 30.8% | 21.3% |
Return vs Industry: MTA exceeded the ZA Auto Components industry which returned 30.8% over the past year.
Return vs Market: MTA exceeded the ZA Market which returned 21.3% over the past year.
Price Volatility
| MTA volatility | |
|---|---|
| MTA Beta | 0.75 |
| Industry Beta | 1.14 |
| Market Beta | 1 |
Stable Share Price: MTA is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MTA's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1948 | 5,920 | Riaz Haffejee | https://www.metair.co.za |
Metair Investments Limited manufactures, assembles, distributes, and retails energy storage products and automotive components in South Africa, Romania, Turkey, the United Kingdom, the Middle East, and Russia. It offers energy storage products, including automotive and industrial batteries, solar systems, back-up systems, standby systems, charging systems, battery distribution networks, and lithium-ion starter batteries and mining cap lamps for original equipment manufacturers and the automotive aftermarket. The company offers energy storage products for use in telecommunication, utility, mining, retail, and material/product handling sectors.
Metair Investments Fundamentals Summary
| MTA fundamental statistics | |
|---|---|
| Market Cap | R5.94b |
| Earnings (TTM) | R717.09m |
| Revenue (TTM) | R12.29b |
8.3x
P/E Ratio0.5x
P/S RatioIs MTA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MTA income statement (TTM) | |
|---|---|
| Revenue | R12.29b |
| Cost of Revenue | R10.08b |
| Gross Profit | R2.21b |
| Expenses | R1.49b |
| Earnings | R717.09m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.72 |
| Gross Margin | 18.00% |
| Net Profit Margin | 5.84% |
| Debt/Equity Ratio | 56.9% |
How did MTA perform over the long term?
See historical performance and comparisonDividends
2.4%
Current Dividend Yield20%
Payout RatioValuation
Is Metair Investments undervalued compared to its fair value and its price relative to the market?
8.28x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MTA (ZAR30.8) is trading above our estimate of fair value (ZAR8.64)
Significantly Below Fair Value: MTA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MTA is good value based on its PE Ratio (8.3x) compared to the Global Auto Components industry average (18.5x).
PE vs Market: MTA is good value based on its PE Ratio (8.3x) compared to the ZA market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MTA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MTA's PB Ratio (1.5x) is in line with the XX Auto Components industry average.
Future Growth
How is Metair Investments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
20.3%
Forecasted Automobiles industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Metair Investments has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Metair Investments performed over the past 5 years?
-4.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MTA has high quality earnings.
Growing Profit Margin: MTA's current net profit margins (5.8%) are higher than last year (1%).
Past Earnings Growth Analysis
Earnings Trend: MTA's earnings have declined by 4.7% per year over the past 5 years.
Accelerating Growth: MTA's earnings growth over the past year (619.2%) exceeds its 5-year average (-4.7% per year).
Earnings vs Industry: MTA earnings growth over the past year (619.2%) exceeded the Auto Components industry 60.5%.
Return on Equity
High ROE: MTA's Return on Equity (18.6%) is considered low.
Financial Health
How is Metair Investments's financial position?
Financial Position Analysis
Short Term Liabilities: MTA's short term assets (ZAR5.3B) exceed its short term liabilities (ZAR3.9B).
Long Term Liabilities: MTA's short term assets (ZAR5.3B) exceed its long term liabilities (ZAR1.0B).
Debt to Equity History and Analysis
Debt Level: MTA's debt to equity ratio (56.9%) is considered high.
Reducing Debt: MTA's debt to equity ratio has increased from 50.4% to 56.9% over the past 5 years.
Debt Coverage: MTA's debt is well covered by operating cash flow (34.2%).
Interest Coverage: MTA's interest payments on its debt are well covered by EBIT (8.8x coverage).
Balance Sheet
Dividend
What is Metair Investments's current dividend yield, its reliability and sustainability?
2.44%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MTA's dividend (2.44%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.07%).
High Dividend: MTA's dividend (2.44%) is low compared to the top 25% of dividend payers in the ZA market (8.09%).
Stability and Growth of Payments
Stable Dividend: MTA's dividend payments have been volatile in the past 10 years.
Growing Dividend: MTA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.1%), MTA'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
How experienced are the management team and are they aligned to shareholders interests?
7.6yrs
Average management tenure
CEO
Riaz Haffejee (50 yo)
0.67
Tenure
Mr. Riaz Haffejee has been Chief Executive Officer at Metair Investments Limited since February 01, 2021. He has been the Chief Executive Officer at Apollo Tyres South Africa (Pty) Limited since January 20...
Leadership Team
Experienced Management: MTA's management team is seasoned and experienced (7.6 years average tenure).
Board Members
Experienced Board: MTA's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MTA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Metair Investments Limited's employee growth, exchange listings and data sources
Key Information
- Name: Metair Investments Limited
- Ticker: MTA
- Exchange: JSE
- Founded: 1948
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: R5.936b
- Shares outstanding: 192.72m
- Website: https://www.metair.co.za
Number of Employees
Location
- Metair Investments Limited
- Wesco House
- 10 Anerley Road
- Johannesburg
- Gauteng
- 2193
- South Africa
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/18 21:36 |
| End of Day Share Price | 2021/10/18 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.