JSE:CTK

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Executive Summary

Cartrack Holdings Limited, an investment holding company, provides data analytic solutions for mobile asset management, asset recovery, and workforce optimization based on a Software-as-a-Service platform. More Details


Snowflake Analysis

Outstanding track record with excellent balance sheet.


Similar Companies

Share Price & News

How has Cartrack Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CTK is more volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: CTK's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of ZA stocks.


Market Performance


7 Day Return

0.2%

CTK

-0.3%

ZA Software

-2.4%

ZA Market


1 Year Return

154.7%

CTK

94.2%

ZA Software

16.9%

ZA Market

Return vs Industry: CTK exceeded the ZA Software industry which returned 94.2% over the past year.

Return vs Market: CTK exceeded the ZA Market which returned 16.9% over the past year.


Shareholder returns

CTKIndustryMarket
7 Day0.2%-0.3%-2.4%
30 Day-19.0%-14.0%4.6%
90 Day41.9%42.1%15.3%
1 Year166.4%154.7%100.9%94.2%25.1%16.9%
3 Year226.0%198.1%127.6%111.4%9.9%-12.2%
5 Year663.8%536.7%326.8%274.3%38.2%3.6%

Long-Term Price Volatility Vs. Market

How volatile is Cartrack Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Cartrack Holdings undervalued compared to its fair value and its price relative to the market?

37.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CTK (ZAR61.12) is trading above our estimate of fair value (ZAR10.62)

Significantly Below Fair Value: CTK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CTK is poor value based on its PE Ratio (37.4x) compared to the XF Software industry average (13.8x).

PE vs Market: CTK is poor value based on its PE Ratio (37.4x) compared to the ZA market (12.9x).


Price to Earnings Growth Ratio

PEG Ratio: CTK is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: CTK is overvalued based on its PB Ratio (13.7x) compared to the XF Software industry average (2x).


Next Steps

Future Growth

How is Cartrack Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

16.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CTK's forecast earnings growth (16.1% per year) is above the savings rate (9.3%).

Earnings vs Market: CTK's earnings (16.1% per year) are forecast to grow slower than the ZA market (24.4% per year).

High Growth Earnings: CTK's earnings are forecast to grow, but not significantly.

Revenue vs Market: CTK's revenue (20.2% per year) is forecast to grow faster than the ZA market (9.3% per year).

High Growth Revenue: CTK's revenue (20.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CTK's Return on Equity is forecast to be high in 3 years time (34.5%)


Next Steps

Past Performance

How has Cartrack Holdings performed over the past 5 years?

15.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CTK has high quality earnings.

Growing Profit Margin: CTK's current net profit margins (23.3%) are higher than last year (21.5%).


Past Earnings Growth Analysis

Earnings Trend: CTK's earnings have grown by 15.9% per year over the past 5 years.

Accelerating Growth: CTK's earnings growth over the past year (23.3%) exceeds its 5-year average (15.9% per year).

Earnings vs Industry: CTK earnings growth over the past year (23.3%) exceeded the Software industry -21.5%.


Return on Equity

High ROE: CTK's Return on Equity (36.9%) is considered high.


Next Steps

Financial Health

How is Cartrack Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: CTK's short term assets (ZAR744.9M) exceed its short term liabilities (ZAR488.4M).

Long Term Liabilities: CTK's short term assets (ZAR744.9M) exceed its long term liabilities (ZAR248.2M).


Debt to Equity History and Analysis

Debt Level: CTK's debt to equity ratio (2.2%) is considered satisfactory.

Reducing Debt: CTK's debt to equity ratio has increased from 0.4% to 2.2% over the past 5 years.

Debt Coverage: CTK's debt is well covered by operating cash flow (3294.4%).

Interest Coverage: CTK's interest payments on its debt are well covered by EBIT (131.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Cartrack Holdings's current dividend yield, its reliability and sustainability?

2.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CTK's dividend (2.85%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.31%).

High Dividend: CTK's dividend (2.85%) is low compared to the top 25% of dividend payers in the ZA market (8.81%).


Stability and Growth of Payments

Stable Dividend: CTK has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CTK's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (86.4%), CTK's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CTK's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.1yrs

Average management tenure


CEO

Zak Calisto (54 yo)

12.58yrs

Tenure

R3,841,000

Compensation

Mr. Isaias Jose Calisto, also known as Zak, serves as Group Chief Executive Officer at Cartrack Holdings Limited and has been its Executive Director since July 1, 2008. Mr. Calisto is the Founder of Cartra...


CEO Compensation Analysis

Compensation vs Market: Zak's total compensation ($USD253.08K) is below average for companies of similar size in the ZA market ($USD868.14K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Isaias Calisto
Group CEO & Executive Director12.58yrsR3.84mno data
Morne Grundlingh
Group CFO & Executive Director2.42yrsR3.51mno data
Richard Schubert
Group Head of Technology & IT14yrsR4.55mno data
E. Ong
Executive Officerno dataR2.06mno data
J. Matias
Executive Officerno dataR1.57mno data
H. Louw
Prescribed Officerno dataR2.23mno data
Jerry Pierce
Group Head of Operationsno datano datano data
Irma Hugo
Group Head of Human Resources11.08yrsno datano data
Barend Blignaut
Group Head of Technical Servicesno datano datano data
Anname de Villiers
Company Secretary6.33yrsno datano data

11.1yrs

Average Tenure

50yo

Average Age

Experienced Management: CTK's management team is seasoned and experienced (11.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Isaias Calisto
Group CEO & Executive Director12.58yrsR3.84mno data
Morne Grundlingh
Group CFO & Executive Director2.42yrsR3.51mno data
David Brown
Independent Non-Executive Chairmanno dataR1.19mno data
A. Ikalafeng
Independent Non-Executive Director6.33yrsR477.00kno data
Kim White
Independent Non-Executive Director6.33yrsR659.00kno data
Sharoda Rapeti
Independent Non-Executive Director2.5yrsR545.00kno data

6.3yrs

Average Tenure

53.5yo

Average Age

Experienced Board: CTK's board of directors are considered experienced (6.3 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

Cartrack Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cartrack Holdings Limited
  • Ticker: CTK
  • Exchange: JSE
  • Founded: 2001
  • Industry: Application Software
  • Sector: Software
  • Market Cap: R18.261b
  • Shares outstanding: 298.77m
  • Website: https://www.cartrack.co.za

Location

  • Cartrack Holdings Limited
  • Cartrack Corner
  • Corner Jan Smuts & 7th Avenue
  • Johannesburg
  • Gauteng
  • 2196
  • South Africa

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CTKJSE (The Johannesburg Securities Exchange)YesOrdinary SharesZAZARDec 2014

Biography

Cartrack Holdings Limited, an investment holding company, provides data analytic solutions for mobile asset management, asset recovery, and workforce optimization based on a Software-as-a-Service platform....


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/28 17:02
End of Day Share Price2021/02/26 00:00
Earnings2020/08/31
Annual Earnings2020/02/29


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.