MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service (Saas) delivery model.
No risks detected for MIX from our risk checks.
MiX Telematics Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R7.84|
|52 Week High||R5.02|
|52 Week Low||R9.45|
|1 Month Change||0.77%|
|3 Month Change||1.16%|
|1 Year Change||42.55%|
|3 Year Change||-4.39%|
|5 Year Change||120.85%|
|Change since IPO||335.56%|
Recent News & Updates
|MIX||ZA Software||ZA Market|
Return vs Industry: MIX exceeded the ZA Software industry which returned 40.4% over the past year.
Return vs Market: MIX exceeded the ZA Market which returned 20.7% over the past year.
Stable Share Price: MIX is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: MIX's weekly volatility (8%) has been stable over the past year.
About the Company
MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service (Saas) delivery model. The company offers MiX Fleet Manager, a web-based application, which provides commercial fleet management solution that gives user live and historical views of driver and vehicle performance information, including vehicle tracking and status information, as well as alerts and notifications; MiX Asset Manager, a portfolio of asset tracking products comprising generators, light towers, storage tanks, and pumps; and Matrix, a mobile asset management solutions that offers real-time and historical vehicle tracking and positioning, unauthorized vehicle use alerts, panic emergency response, crash alerts, driver behavior alerts, fuel tax logbooks, and vehicle maintenance notifications for entry-level fleets and consumers. It also provides Beam-e, a crowdsourcing platform to locate vehicles without the expense of utilizing a traditional cellular network connection, and entry-level tracking and recovery services; MiX Now, a system that helps companies monitor and manage the behavior and performance of their vehicles and drivers.
MiX Telematics Fundamentals Summary
|MIX fundamental statistics|
Is MIX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MIX income statement (TTM)|
|Cost of Revenue||US$47.33m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 28, 2021
|Earnings per share (EPS)||0.028|
|Net Profit Margin||11.69%|
How did MIX perform over the long term?See historical performance and comparison
1.9%Current Dividend Yield
Is MiX Telematics undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MIX (ZAR7.84) is trading below our estimate of fair value (ZAR12.56)
Significantly Below Fair Value: MIX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MIX is poor value based on its PE Ratio (19x) compared to the African Software industry average (11.9x).
PE vs Market: MIX is poor value based on its PE Ratio (19x) compared to the ZA market (11.5x).
Price to Earnings Growth Ratio
PEG Ratio: MIX is poor value based on its PEG Ratio (4.3x)
Price to Book Ratio
PB vs Industry: MIX is overvalued based on its PB Ratio (2.3x) compared to the XF Software industry average (1.2x).
How is MiX Telematics forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MIX's forecast earnings growth (4.4% per year) is below the savings rate (8.8%).
Earnings vs Market: MIX's earnings (4.4% per year) are forecast to grow slower than the ZA market (12.3% per year).
High Growth Earnings: MIX's earnings are forecast to grow, but not significantly.
Revenue vs Market: MIX's revenue (8.6% per year) is forecast to grow faster than the ZA market (6.1% per year).
High Growth Revenue: MIX's revenue (8.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MIX's Return on Equity is forecast to be high in 3 years time
How has MiX Telematics performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MIX has high quality earnings.
Growing Profit Margin: MIX's current net profit margins (11.7%) are higher than last year (6.1%).
Past Earnings Growth Analysis
Earnings Trend: MIX's earnings have grown by 6.4% per year over the past 5 years.
Accelerating Growth: MIX's earnings growth over the past year (86.7%) exceeds its 5-year average (6.4% per year).
Earnings vs Industry: MIX earnings growth over the past year (86.7%) exceeded the Software industry 13.7%.
Return on Equity
High ROE: MIX's Return on Equity (12.2%) is considered low.
How is MiX Telematics's financial position?
Financial Position Analysis
Short Term Liabilities: MIX's short term assets ($80.9M) exceed its short term liabilities ($36.0M).
Long Term Liabilities: MIX's short term assets ($80.9M) exceed its long term liabilities ($14.5M).
Debt to Equity History and Analysis
Debt Level: MIX's debt to equity ratio (2.3%) is considered satisfactory.
Reducing Debt: MIX's debt to equity ratio has increased from 0.7% to 2.3% over the past 5 years.
Debt Coverage: MIX's debt is well covered by operating cash flow (1132.1%).
Interest Coverage: MIX's interest payments on its debt are well covered by EBIT (250.8x coverage).
What is MiX Telematics's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MIX's dividend (1.94%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.05%).
High Dividend: MIX's dividend (1.94%) is low compared to the top 25% of dividend payers in the ZA market (8.06%).
Stability and Growth of Payments
Stable Dividend: MIX's dividend payments have been volatile in the past 10 years.
Growing Dividend: MIX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.7%), MIX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joss Joselowitz (62 yo)
Mr. Stefan Brian Joselowitz, also known as Joss, serves as Chief Executive Officer and Director of MiX Telematics Europe Limited since 1996 and serves as its President. Mr. Joselowitz serves as Group Chief...
CEO Compensation Analysis
Compensation vs Market: Joss's total compensation ($USD701.07K) is above average for companies of similar size in the ZA market ($USD478.25K).
Compensation vs Earnings: Joss's compensation has been consistent with company performance over the past year.
Experienced Management: MIX's management team is considered experienced (4.6 years average tenure).
Experienced Board: MIX's board of directors are considered experienced (5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MiX Telematics Limited's employee growth, exchange listings and data sources
- Name: MiX Telematics Limited
- Ticker: MIX
- Exchange: JSE
- Founded: 1996
- Industry: Application Software
- Sector: Software
- Market Cap: R4.330b
- Shares outstanding: 552.26m
- Website: https://www.mixtelematics.com
Number of Employees
- MiX Telematics Limited
- 750 Park of Commerce Boulevard
- Suite 100
- Boca Raton
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 21:44|
|End of Day Share Price||2021/10/19 00:00|
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.