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MTA

Metair InvestmentsJSE:MTA Stock Report

Market Cap

R5.9b

7D

2.4%

1Y

79.6%

Updated

18 Oct, 2021

Data

Company Financials
MTA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends2/6

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

Summary of all time highs, changes and price drops for Metair Investments
Historical stock prices
Current Share PriceR30.80
52 Week HighR15.19
52 Week LowR32.50
Beta0.75
1 Month Change5.81%
3 Month Change40.64%
1 Year Change79.59%
3 Year Change98.07%
5 Year Change54.77%
Change since IPO5,603.71%

Recent News & Updates

Shareholder Returns

MTAZA Auto ComponentsZA Market
7D2.4%3.9%1.6%
1Y79.6%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

Is MTA's price volatile compared to industry and market?
MTA volatility
MTA Beta0.75
Industry Beta1.14
Market Beta1

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

FoundedEmployeesCEOWebsite
19485,920Riaz Haffejeehttps://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

How do Metair Investments's earnings and revenue compare to its market cap?
MTA fundamental statistics
Market CapR5.94b
Earnings (TTM)R717.09m
Revenue (TTM)R12.29b

8.3x

P/E Ratio

0.5x

P/S Ratio


Dividends

2.4%

Current Dividend Yield

20%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:36
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.