Mpact Management

Management criteria checks 3/4

Mpact's CEO is Bruce Strong, appointed in Mar 2009, has a tenure of 15.08 years. total yearly compensation is ZAR23.62M, comprised of 27.5% salary and 72.5% bonuses, including company stock and options. directly owns 0.95% of the company’s shares, worth ZAR36.54M. The average tenure of the management team and the board of directors is 8.9 years and 9.7 years respectively.

Key information

Bruce Strong

Chief executive officer

R23.6m

Total compensation

CEO salary percentage	27.5%
CEO tenure	15.1yrs
CEO ownership	0.9%
Management average tenure	8.9yrs
Board average tenure	9.7yrs

Recent management updates

Recent updates

Bearish: Analysts Just Cut Their Mpact Limited (JSE:MPT) Revenue and EPS estimates

Mar 20

Mpact's (JSE:MPT) Upcoming Dividend Will Be Larger Than Last Year's

Aug 24

CEO Compensation Analysis

How has Bruce Strong's remuneration changed compared to Mpact's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	R24m	R7m	R539m
Sep 30 2023	n/a	n/a	R639m
Jun 30 2023	n/a	n/a	R740m
Mar 31 2023	n/a	n/a	R701m
Dec 31 2022	R34m	R6m	R663m
Sep 30 2022	n/a	n/a	R610m
Jun 30 2022	n/a	n/a	R558m
Mar 31 2022	n/a	n/a	R538m
Dec 31 2021	R22m	R6m	R518m
Jun 30 2021	n/a	n/a	R451m
Mar 31 2021	n/a	n/a	R377m
Dec 31 2020	R12m	R5m	R304m
Sep 30 2020	n/a	n/a	-R219m
Jun 30 2020	n/a	n/a	-R756m
Mar 31 2020	n/a	n/a	-R708m
Dec 31 2019	R12m	R6m	-R660m
Jun 30 2019	n/a	n/a	R468m
Mar 31 2019	n/a	n/a	R437m
Dec 31 2018	R11m	R5m	R407m
Sep 30 2018	n/a	n/a	R292m
Jun 30 2018	n/a	n/a	R268m
Mar 31 2018	n/a	n/a	R271m
Dec 31 2017	R8m	R5m	R275m

Compensation vs Market: Bruce's total compensation ($USD1.23M) is above average for companies of similar size in the ZA market ($USD708.37K).

Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.

CEO

Bruce Strong (54 yo)

15.1yrs

Tenure

R23,624,178

Compensation

Mr. Bruce William Strong has been the Chief Executive Officer and Executive Director of Mpact Limited since March 2009. Mr. Strong served as the General Manager of the packaging and industrial paper divisi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bruce Strong	CEO & Executive Director	15.1yrs	R23.62m	0.95% ZAR 36.5m
Brett David Clark	CFO & Executive Director	11.8yrs	R15.29m	0.43% ZAR 16.4m
John Hunt	Managing Director of Recycling Division	16yrs	R12.57m	0.43% ZAR 16.5m
Hugh Thompson	Managing Director of Paper Manufacturing Division	14.5yrs	R17.13m	0.60% ZAR 23.2m
Neelin Naidoo	Managing Director of Plastics	10.4yrs	R13.87m	0.46% ZAR 17.5m
Christoff Botha	Managing Director of Paper Converting & Prescribed Officer	3.9yrs	R12.92m	no data
Ziyaad Carrim	Chief Information Officer	2.7yrs	no data	no data
Georgina Robinson	Group Legal Counsel	8.9yrs	no data	no data
Penelope Ntuli	Group Communications Manager	5.4yrs	no data	no data
Spurgeon Lange	Group Human Resources Manager	2.7yrs	no data	no data
Donna Dickson	Group Company Secretary	3.9yrs	no data	no data

8.9yrs

Average Tenure

55.5yo

Average Age

Experienced Management: MPT's management team is seasoned and experienced (8.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bruce Strong	CEO & Executive Director	15.1yrs	R23.62m	0.95% ZAR 36.5m
Brett David Clark	CFO & Executive Director	11.8yrs	R15.29m	0.43% ZAR 16.4m
Maya Makanjee	Independent Non-Executive Director	7.6yrs	R805.78k	no data
Anthony Phillips	Independent Non-Executive Chairman	13yrs	R990.99k	0.0071% ZAR 272.3k
Penuell Cornwell Luthuli	Independent Non-Executive Director	5.3yrs	R362.04k	no data
Alethea Berenice Conrad	Independent Non Executive Director	1.6yrs	R25.32k	no data
Donald Wilson	Independent Non-Executive Director	2.3yrs	R286.08k	no data
Timothy Dacre Ross	Independent Non-Executive Director	13yrs	R429.85k	no data

9.7yrs

Average Tenure

60yo

Average Age

Experienced Board: MPT's board of directors are considered experienced (9.7 years average tenure).

Mpact Management

Management criteria checks 3/4

Key information

Recent management updates

CFO & Executive Director recently sold R1.4m worth of stock

Insider recently sold R608k worth of stock

Managing Director of Recycling Division recently sold R2.3m worth of stock

Insider recently sold R1.3m worth of stock

CEO & Executive Director exercised options to buy R25m worth of stock.

Insufficient new directors

Recent updates

Price target decreased by 9.4% to R35.35

Upcoming dividend of R0.75 per share

Bearish: Analysts Just Cut Their Mpact Limited (JSE:MPT) Revenue and EPS estimates

Consensus revenue estimates fall by 11%

Price target decreased by 8.0% to R36.80

Full year 2023 earnings: EPS and revenues miss analyst expectations

Mpact Limited Declares Cash Dividend for the Year Ended 31 December 2023, Payable on April 8, 2024

CFO & Executive Director recently sold R1.4m worth of stock

Insider recently sold R608k worth of stock

Mpact's (JSE:MPT) Upcoming Dividend Will Be Larger Than Last Year's

Upcoming dividend of R0.45 per share at 3.9% yield

Managing Director of Recycling Division recently sold R2.3m worth of stock

First half 2023 earnings released: EPS: R1.91 (vs R1.39 in 1H 2022)

Mpact Limited Declares Interim Gross Cash Dividend, Payable on 4 September 2023

New minor risk - Insider selling

Mpact Limited to Report First Half, 2023 Results on Aug 04, 2023

Insider recently sold R1.3m worth of stock

CEO & Executive Director exercised options to buy R25m worth of stock.

Price target decreased by 10% to R35.97

Upcoming dividend of R0.75 per share at 5.2% yield

Full year 2022 earnings released: EPS: R4.56 (vs R3.52 in FY 2021)

Mpact Limited to Report Fiscal Year 2022 Results on Mar 07, 2023

Price target decreased to R32.05

Upcoming dividend of R0.40 per share

Price target decreased to R34.74

Insufficient new directors

Now 23% undervalued after recent price drop

Upcoming dividend of R0.50 per share

Consensus forecasts updated

Full year 2021 earnings: EPS and revenues miss analyst expectations

Now 21% undervalued

Mpact Limited to Report Fiscal Year 2021 Final Results on Mar 07, 2022

Now 20% undervalued

Mpact Limited Appoints Donald Gert Wilson as Independent Non-Executive Director and Member of Audit and Risk Committee

Insufficient new directors

Independent Non-Executive Director Andrew Thompson has left the company

Insider recently sold R884k worth of stock

First half 2021 earnings released: EPS R1.21 (vs R0.09 in 1H 2020)

Consensus revenue estimates increase to R12.8b

Mpact Limited Provides Earnings Guidance for the Six Months Ended 30 June 2021

Caxton and CTP Publishers and Printers Limited (JSE:CAT) agreed to acquire an additional stake in Mpact Limited (JSE:MPT).

Mpact Limited Provides Earnings Guidance for the Six Months Ending 30 June 2021

Gayatri Paper Mills Gauteng (Pty) Limited acquired an unknown minority stake in Mpact Limited (JSE:MPT).

Revenue and earnings beat expectations

Full year 2020 earnings released: EPS R1.89 (vs R3.86 loss in FY 2019)

New 90-day high: R19.92

Andrew Spieldenner Joins Mpact Limited as New Executive Director, Effective March 1, 2021

Mpact Limited to Report Fiscal Year 2020 Results on Mar 05, 2021

New 90-day high: R17.90

New 90-day high: R15.60

Price target raised to R10.30

New 90-day high: R13.85

New 90-day high: R13.23

New 90-day high: R12.34

An unknown buyer acquired unknown minority stake in Mpact Limited (JSE:MPT) from Public Investment Corporation Limited.

New 90-day high: R12.07

Mpact Limited(JSE:MPT) dropped from S&P Global BMI Index

New 90-day low: R7.25

Upcoming Dividend of R0.42 Per Share

Mpact Limited to Report First Half, 2020 Results on Aug 05, 2020

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members