Cartrack Holdings
Market Cap
R18.3b
Last Updated
2021/02/28 17:02 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
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
| CTK | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | -0.3% | -2.4% |
| 30 Day | -19.0% | -14.0% | 4.6% |
| 90 Day | 41.9% | 42.1% | 15.3% |
| 1 Year | 166.4%154.7% | 100.9%94.2% | 25.1%16.9% |
| 3 Year | 226.0%198.1% | 127.6%111.4% | 9.9%-12.2% |
| 5 Year | 663.8%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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 12.58yrs | R3.84m | no data | |
| Group CFO & Executive Director | 2.42yrs | R3.51m | no data | |
| Group Head of Technology & IT | 14yrs | R4.55m | no data | |
| Executive Officer | no data | R2.06m | no data | |
| Executive Officer | no data | R1.57m | no data | |
| Prescribed Officer | no data | R2.23m | no data | |
| Group Head of Operations | no data | no data | no data | |
| Group Head of Human Resources | 11.08yrs | no data | no data | |
| Group Head of Technical Services | no data | no data | no data | |
| Company Secretary | 6.33yrs | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 12.58yrs | R3.84m | no data | |
| Group CFO & Executive Director | 2.42yrs | R3.51m | no data | |
| Independent Non-Executive Chairman | no data | R1.19m | no data | |
| Independent Non-Executive Director | 6.33yrs | R477.00k | no data | |
| Independent Non-Executive Director | 6.33yrs | R659.00k | no data | |
| Independent Non-Executive Director | 2.5yrs | R545.00k | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CTK | JSE (The Johannesburg Securities Exchange) | Yes | Ordinary Shares | ZA | ZAR | Dec 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/28 17:02 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/08/31 |
| Annual Earnings | 2020/02/29 |
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.