Declared Dividend • May 29
Final dividend of R2.25 announced Shareholders will receive a dividend of R2.25. Ex-date: 15th July 2026 Payment date: 20th July 2026 Dividend yield will be 5.2%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 97% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 27
Full year 2026 earnings released: EPS: US$0.40 (vs US$0.26 in FY 2025) Full year 2026 results: EPS: US$0.40 (up from US$0.26 in FY 2025). Revenue: US$3.67b (flat on FY 2025). Net income: US$91.8m (up 55% from FY 2025). Profit margin: 2.5% (up from 1.6% in FY 2025). Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Global Electronic industry. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. New Risk • May 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported August 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • May 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.5% to R75.10. The fair value is estimated to be R96.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has grown by 71%. Announcement • Jan 17
Public Investment Corporation Limited acquired an unknown minority stake in Datatec Limited (JSE:DTC). Public Investment Corporation Limited acquired an unknown minority stake in Datatec Limited (JSE:DTC) on January 15, 2026. After the completion, Public Investment Corporation Limited will now own 20.55% stake in Datatec Limited.
Public Investment Corporation Limited completed the acquisition of an unknown minority stake in Datatec Limited (JSE:DTC) on January 15, 2026. Buy Or Sell Opportunity • Dec 04
Now 20% undervalued Over the last 90 days, the stock has risen 35% to R80.12. The fair value is estimated to be R100, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has grown by 71%. Revenue is forecast to grow by 7.7% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Announcement • Dec 03
Datatec Limited to Report Fiscal Year 2026 Results on May 26, 2026 Datatec Limited announced that they will report fiscal year 2026 results at 9:00 AM, South Africa Standard Time on May 26, 2026 Upcoming Dividend • Nov 26
Upcoming dividend of R1.75 per share Eligible shareholders must have bought the stock before 03 December 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of South African dividend payers (7.6%). Higher than average of industry peers (1.3%). Major Estimate Revision • Nov 14
Consensus EPS estimates increase by 23% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from US$0.369 to US$0.455. Revenue forecast steady at US$3.74b. Net income forecast to grow 32% next year vs 35% growth forecast for Electronic industry in South Africa. Consensus price target of R88.03 unchanged from last update. Share price rose 4.6% to R77.01 over the past week. Reported Earnings • Nov 03
First half 2026 earnings released: EPS: US$0.22 (vs US$0.11 in 1H 2025) First half 2026 results: EPS: US$0.22 (up from US$0.11 in 1H 2025). Revenue: US$1.84b (up 2.9% from 1H 2025). Net income: US$50.2m (up 94% from 1H 2025). Profit margin: 2.7% (up from 1.4% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Global Electronic industry. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R68.89, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 21x in the Electronic industry globally. Total returns to shareholders of 169% over the past three years. Upcoming Dividend • Jul 09
Upcoming dividend of R2.00 per share Eligible shareholders must have bought the stock before 16 July 2025. Payment date: 21 July 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of South African dividend payers (8.3%). Higher than average of industry peers (1.7%). Announcement • Jun 28
Datatec Limited, Annual General Meeting, Jul 31, 2025 Datatec Limited, Annual General Meeting, Jul 31, 2025. Announcement • Jun 26
Datatec Limited Announces Retirement of Johnson Njeke from the Board on 31 December 2025 Datatec Limited announced that Mr. Johnson Njeke ("Mr. Njeke") has given notice to the Company that he will retire from the Board on 31 December 2025. The Company's Nominations Committee is in the process of recruiting a non-executive director of the appropriate calibre to succeed Mr. Njeke on the Board when he retires. Major Estimate Revision • Jun 13
Consensus revenue estimates decrease by 19% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$4.62b to US$3.76b. EPS estimate unchanged from US$0.37 per share at last update. Electronic industry in South Africa expected to see average net income growth of 29% next year. Consensus price target of R77.00 unchanged from last update. Share price was steady at R64.50 over the past week. Announcement • Jun 03
Datatec Limited to Report First Half, 2026 Results on Oct 30, 2025 Datatec Limited announced that they will report first half, 2026 results on Oct 30, 2025 New Risk • May 30
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 6.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Declared Dividend • May 29
Final dividend of R2.00 announced Shareholders will receive a dividend of R2.00. Ex-date: 16th July 2025 Payment date: 21st July 2025 Dividend yield will be 4.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 28
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: US$0.26 (up from US$0.20 in FY 2024). Revenue: US$3.64b (down 33% from FY 2024). Net income: US$59.2m (up 29% from FY 2024). Profit margin: 1.6% (up from 0.8% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 32%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Global Electronic industry. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • May 27
Datatec Limited Final Cash Declare for the Year Ended 28 February 2025, Payable on 21 July 2025 Datatec Limited Board has declared a final distribution for the year ended 28 February 2025, by way of a cash dividend of 200 ZAR cents per Datatec ordinary share payable to the ordinary shareholders, which will be in proportion to a Shareholder's ordinary shareholding in Datatec at the close of business on the Record Date, being 18 July 2025. Shareholders will be entitled, in respect of all or part of their shareholding, to elect to receive new, fully paid ordinary Datatec shares in proportion to their ordinary shareholding on the Record Date as an alternative to the cash dividend. The Cash Dividend has been declared and paid out of Datatec's distributable retained profits. A dividend withholding tax of 20% will be applicable in respect of the Cash Dividend to all Shareholders not exempt therefrom after deduction of which, the net Cash Dividend is 160 ZAR cents per share. The new Shares issued pursuant to the Scrip Distribution, will not be subject to a dividend withholding tax, and the issue price of the Scrip Distribution (which will equal the volume weighted average price of Datatec's Shares traded on the JSE for the 30-day trading day period ending on 7 July 2025 less the amount of the Cash Dividend), will be settled by way of a capitalisation of Datatec's distributable retained profits. Cash Dividend payments made, and CSDP/broker accounts credited/updated with Scrip Distribution shares on 21 July 2025. New Risk • May 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Announcement • May 07
Datatec Limited to Report Fiscal Year 2025 Results on May 27, 2025 Datatec Limited announced that they will report fiscal year 2025 results on May 27, 2025 Upcoming Dividend • Nov 27
Upcoming dividend of R0.75 per share Eligible shareholders must have bought the stock before 04 December 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of South African dividend payers (8.0%). Higher than average of industry peers (1.8%). Reported Earnings • Oct 25
First half 2025 earnings released: EPS: US$0.11 (vs US$0.063 in 1H 2024) First half 2025 results: EPS: US$0.11 (up from US$0.063 in 1H 2024). Revenue: US$2.61b (down 5.5% from 1H 2024). Net income: US$25.9m (up 85% from 1H 2024). Profit margin: 1.0% (up from 0.5% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Global Electronic industry. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Oct 24
Datatec Limited Declares Interim Distribution for the Six Months Ended 31 August 2024, Payable on December 9, 2024 Datatec Limited has declared an interim distribution for the six months ended 31 August 2024, by way of an interim cash dividend of 75 ZAR cents per Datatec ordinary share payable to the ordinary shareholders (the "Shareholders"), which will be in proportion to a Shareholder's ordinary shareholding in Datatec at the close of business on the Record Date, being 6 December 2024. Shareholders will be entitled, in respect of all or part of their shareholding, to elect to receive new, fully paid ordinary Datatec shares ("Shares") in proportion to their ordinary shareholding on the Record Date as an alternative to the Cash Dividend (the "Scrip Distribution"). The Cash Dividend has been declared and paid out of Datatec's distributable retained profits. A dividend withholding tax of 20% will be applicable in respect of the Cash Dividend to all shareholders not exempt therefrom after deduction of which, the net Cash Dividend is 60 ZAR cents per share. The new Shares issued pursuant to the Scrip Distribution, will not be subject to a dividend withholding tax, and the issue price of the Scrip Distribution (which will equal the volume-weighted average price ("VWAP") of Datatec's shares traded on the JSE for the 30-day trading day period ending on 22 November 2024 less the amount of the Cash Dividend), will be settled by way of a capitalisation of Datatec's distributable retained profits. Cash Dividend payments made, and CSDP/broker accounts credited/updated with Scrip Distribution Shares on December 9, 2024. Announcement • Oct 07
Datatec Limited Provides Earnings Guidance for the Six Months Ended 31 August 2024 Datatec Limited provided earnings guidance for the six months ended 31 August 2024. The company now expects the following earnings per share ranges for first half of fiscal year 2025: Earnings per share of between 11.0 to 12.0 US cents (first half fiscal year 2024: 6.3 US cents), being 4.7 to 5.7 US cents (74.6 % to 90.5 %) higher than first half fiscal year 2024. Upcoming Dividend • Jul 10
Upcoming dividend of R1.30 per share Eligible shareholders must have bought the stock before 17 July 2024. Payment date: 22 July 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of South African dividend payers (8.8%). Higher than average of industry peers (1.6%). Declared Dividend • May 29
Dividend of R1.30 announced Shareholders will receive a dividend of R1.30. Ex-date: 17th July 2024 Payment date: 22nd July 2024 Dividend yield will be 3.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (42% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. New Risk • May 28
New major risk - Revenue and earnings growth Earnings have declined by 6.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.9% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Announcement • May 28
Datatec Limited Declares Final Distribution for the Year Ended 29 February 2024, Payable on 22 July 2024 Datatec Limited announced that the Board of Datatec has declared a final distribution for the year ended 29 February 2024, by way of a cash dividend of ZAR 130 cents per Datatec ordinary share ("Cash Dividend") payable to the ordinary shareholders (the "Shareholders"), which will be in proportion to a Shareholder's ordinary shareholding in Datatec at the close of business on the Record Date, being 19 July 2024. Shareholders will be entitled, in respect of all or part of their shareholding, to elect to receive new, fully paid ordinary Datatec shares ("Shares") in proportion to their ordinary shareholding on the Record Date as an alternative to the Cash Dividend (the Scrip Distribution). The Cash Dividend has been declared and paid out of Datatec's distributable retained profits. A dividend withholding tax of 20% will be applicable in respect of the Cash Dividend to all shareholders not exempt therefrom after deduction of which, the net Cash Dividend is 104 ZAR cents per share. The new Shares, pursuant to the Scrip Distribution, will not be subject to a dividend withholding tax, and the issue price of the Scrip Distribution (which will equal the volume weighted average price ("VWAP") of Datatec's Shares traded on the JSE for the 30-day trading day period ending on 5 July 2024, less the amount of the Cash Dividend), will be settled by way of a capitalisation of Datatec's distributable retained profits. Cash Dividend payments made, and CSDP/broker accounts credited/updated with Scrip Distribution Shares on 22 July 2024. New Risk • May 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 12x cash flows per share. Minor Risks Latest financial reports are more than 6 months old (reported August 2023 fiscal period end). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). New Risk • Dec 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 12x cash flows per share. Minor Risk Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Announcement • Dec 05
Datatec Limited acquired additional 40% minority stake in Mason Advisory Limited from management team. Datatec Limited acquired additional 40% minority stake in Mason Advisory Limited from management team on December 4, 2023. The purchase consideration will be settled in cash from existing resources. Post acquisition, Datatec Limited holds 80% stake.
Datatec Limited completed the acquisition of additional 40% minority stake in Mason Advisory Limited from management team on December 4, 2023. Announcement • Nov 18
Datatec Limited, Annual General Meeting, Jul 31, 2024 Datatec Limited, Annual General Meeting, Jul 31, 2024. Announcement • Nov 02
Datatec Limited Announces Committee Changes Datatec Limited announced the following changes to the membership of Board Committees to take effect on 1 March 2024. Sabine Everaet, who joined the board as an independent non-executive director on 2 October 2023, will join the Audit, Risk and Compliance Committee and the Social and Ethics Committee. Johnson Njeke, independent non-executive director, will join the Nominations Committee and will stand down from the Remuneration Committee. Deepa Sita, independent non-executive director, will also join the Nominations Committee. Reported Earnings • Oct 23
First half 2024 earnings released: EPS: US$0.063 (vs US$0.027 in 1H 2023) First half 2024 results: EPS: US$0.063 (up from US$0.027 in 1H 2023). Revenue: US$2.76b (up 15% from 1H 2023). Net income: US$14.0m (up 140% from 1H 2023). Profit margin: 0.5% (up from 0.2% in 1H 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Global Electronic industry. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Oct 06
Datatec Limited Provides Earnings Guidance for the First Half of Fiscal Year 2024 Datatec Limited provided earnings guidance for the first half of fiscal year 2024. For the period, the company expects earnings per share of between 6.1 to 6.5 US cents (first half fiscal year 2023: 5.0 US cents), being 1.1 to 1.5 US cents (22.0% to 30.0%) higher than first half fiscal year 2023; Headline earnings per share of between 6.1 to 6.5 US cents (first half fiscal year 2023: 4.7 US cents), being 1.4 to 1.8 US cents (29.8% to 38.3%) higher than first half fiscal year 2023. Underlying earnings per share of between 9.4 and 9.8 US cents (first half fiscal year 2023: 3.6 US cents), being 5.8 to 6.2 US cents (more than 100%) higher than first half fiscal year 2023. Announcement • Aug 29
Datatec Limited to Report Q2, 2024 Results on Oct 23, 2023 Datatec Limited announced that they will report Q2, 2024 results on Oct 23, 2023 Announcement • Jul 28
Datatec Limited Announces Executive Changes Datatec Limited at the AGM, the shareholders approved the election of MJN Njeke, DS Sita and CRK Medlock as member of Audit, Risk and Compliance Committee. New Risk • Jul 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (5.2% increase in shares outstanding). Upcoming Dividend • Jul 05
Upcoming dividend of R1.95 per share at 4.9% yield Eligible shareholders must have bought the stock before 12 July 2023. Payment date: 17 July 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.9%. Lower than top quartile of South African dividend payers (9.5%). Higher than average of industry peers (1.7%). Announcement • May 24
Datatec Limited Declares a Final Dividend for Fiscal 2023 On 23 May 2023, Datatec Limited declared a final dividend for fiscal 2023 of ZAR 195 cents per share equivalent to 10.0 US cents per share, in total USD 22.5 million, with the customary form of a cash dividend with a scrip distribution alternative. This dividend was calculated by normalising fiscal 2023 underlying earnings per share by excluding all share-based payment charges and applying the Group's dividend cover policy of three times to underlying earnings. Reported Earnings • May 24
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: US$0.16 loss per share (down from US$0.17 profit in FY 2022). Revenue: US$5.14b (up 11% from FY 2022). Net loss: US$35.1m (down 204% from profit in FY 2022). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Global Electronic industry. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R37.95, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 17x in the Electronic industry globally. Total returns to shareholders of 147% over the past three years. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 30% share price decline to R30.52, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 15x in the Electronic industry globally. Total returns to shareholders of 60% over the past three years. Upcoming Dividend • Nov 23
Upcoming dividend of R12.50 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 30%. Within top quartile of South African dividend payers (8.4%). Higher than average of industry peers (2.0%). Major Estimate Revision • Nov 18
Consensus EPS estimates increase by 283% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from US$4.92b to US$5.02b. EPS estimate increased from US$0.16 to US$0.60 per share. Net income forecast to grow 193% next year vs 19% growth forecast for Electronic industry in South Africa. Consensus price target of R59.55 unchanged from last update. Share price fell 4.7% to R44.49 over the past week. Recent Insider Transactions • Nov 16
Chief Risk Officer recently sold R4.9m worth of stock On the 11th of November, Simon Morris sold around 108k shares on-market at roughly R45.38 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R7.4m more than they bought in the last 12 months. Recent Insider Transactions • Aug 26
Chief Risk Officer recently sold R2.5m worth of stock On the 17th of August, Simon Morris sold around 54k shares on-market at roughly R46.92 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Jul 06
Upcoming dividend of R1.11 per share Eligible shareholders must have bought the stock before 13 July 2022. Payment date: 18 July 2022. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of South African dividend payers (9.1%). Higher than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 22% share price gain to R41.19, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Electronic industry globally. Total returns to shareholders of 41% over the past three years. Reported Earnings • May 27
Full year 2022 earnings released: EPS: US$0.17 (vs US$0.013 in FY 2021) Full year 2022 results: EPS: US$0.17 (up from US$0.013 in FY 2021). Revenue: US$4.64b (up 13% from FY 2021). Net income: US$33.9m (up US$31.3m from FY 2021). Profit margin: 0.7% (up from 0.1% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.6%, compared to a 19% growth forecast for the industry in South Africa. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to R31.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Electronic industry globally. Total returns to shareholders of 17% over the past three years. Board Change • Jan 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rick Medlock was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rick Medlock was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 17
Upcoming dividend of R5.12 per share Eligible shareholders must have bought the stock before 24 November 2021. Payment date: 29 November 2021. Trailing yield: 2.4%. Lower than top quartile of South African dividend payers (7.5%). Higher than average of industry peers (1.3%). Reported Earnings • Oct 30
First half 2022 earnings released: EPS US$0.063 (vs US$0.016 in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: US$2.26b (up 15% from 1H 2021). Net income: US$12.5m (up 298% from 1H 2021). Profit margin: 0.6% (up from 0.2% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 07
Upcoming dividend of R1.00 per share Eligible shareholders must have bought the stock before 14 July 2021. Payment date: 19 July 2021. Trailing yield: 3.6%. Lower than top quartile of South African dividend payers (7.7%). Higher than average of industry peers (1.4%). Reported Earnings • May 27
Full year 2021 earnings released: EPS US$0.013 (vs US$0.062 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: US$4.11b (down 2.5% from FY 2020). Net income: US$2.60m (down 80% from FY 2020). Profit margin: 0.1% (down from 0.3% in FY 2020). Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • May 26
Datatec Limited Declares Final Distribution for the Year Ended 28 February 2021 Datatec Limited announced that the Board of Datatec has declared a final distribution for the year ended 28 February 2021, by way of a cash dividend of 100 ZAR cents per Datatec ordinary share ("Cash Dividend") payable to the ordinary shareholders (the "Shareholders"), which will be in proportion to your ordinary shareholding in Datatec at the close of business on the Record Date, being 16 July 2021. Shareholders will be entitled, in respect of all or part of their shareholding, to elect to receive new, fully paid ordinary Datatec shares in proportion to their ordinary shareholding on the Record Date as an alternative to the cash dividend (the "Scrip Distribution"). The Cash Dividend has been declared and paid out of Datatec's distributable retained profits. A dividend withholding tax of 20% will be applicable in respect of the Cash Dividend to all Shareholders not exempt therefrom after deduction of which, the net Cash Dividend is 80 ZAR cents per share. Is New 90 Day High Low • Feb 04
New 90-day low: R23.90 The company is down 11% from its price of R26.98 on 06 November 2020. The South African market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 11% over the same period. Announcement • Jan 29
Datatec Limited Announces Committee Changes Datatec Limited announced that Johnson Njeke, Independent Non-Executive Director of the Company, will be appointed to the Social & Ethics Committee (the "Committee") with effect from 1 March 2021. Jens Montanana will step down from the Committee on the same date. Maya Makanjee chairs the Committee and the other member is Stephen Davidson, the Company's Independent Chairman. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 18% share price gain to US$26.00, the stock is trading at a trailing P/E ratio of 29.6x, up from the previous P/E ratio of 25x. This compares to an average P/E of 24x in the Electronic industry. Total return to shareholders over the past three years is a loss of 28%. Is New 90 Day High Low • Nov 05
New 90-day high: R23.40 The company is up 4.0% from its price of R22.54 on 07 August 2020. The South African market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 2.0% over the same period. Reported Earnings • Oct 23
First half earnings released Over the last 12 months the company has reported total profits of US$11.2m, up 145% from the prior year. Total revenue was US$4.28b over the last 12 months, down 2.4% from the prior year. Announcement • Aug 16
Datatec Limited to Report First Half, 2022 Results on Oct 21, 2021 Datatec Limited announced that they will report first half, 2022 results on Oct 21, 2021 Announcement • Jul 22
Clients of Prudential Investments Managers (South Africa) Pty Ltd acquired an additional unknown minority stake in Datatec Limited (JSE:DTC). Clients of Prudential Investments Managers (South Africa) Pty Ltd acquired an additional unknown minority stake in Datatec Limited (JSE:DTC) on July 21, 2020. As a result, their holding in Datatec increased to 15.24% stake.
Clients of Prudential Investments Managers (South Africa) Pty Ltd completed the acquisition of an additional unknown minority stake in Datatec Limited (JSE:DTC) on July 21, 2020. 
