Mustek Limited procures, assembles, distributes, and services personal computers and complementary information and communications technology (ICT) products in South Africa.
Price History & Performance
|Historical stock prices|
|Current Share Price||R13.33|
|52 Week High||R6.00|
|52 Week Low||R13.85|
|1 Month Change||0.23%|
|3 Month Change||19.02%|
|1 Year Change||90.43%|
|3 Year Change||90.43%|
|5 Year Change||172.04%|
|Change since IPO||7.50%|
Recent News & Updates
|MST||ZA Tech||ZA Market|
Return vs Industry: MST exceeded the ZA Tech industry which returned 22.5% over the past year.
Return vs Market: MST exceeded the ZA Market which returned 21.3% over the past year.
Stable Share Price: MST is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: MST's weekly volatility (3%) has been stable over the past year.
About the Company
Mustek Limited procures, assembles, distributes, and services personal computers and complementary information and communications technology (ICT) products in South Africa. It offers 3D printing products; computing products; tablets; displays; energy solutions, such as power back up products, LED lighting products, monitoring systems, batteries, and solar panels; networking and enterprise products; printers and scanners; point-of-sale solutions; training services; and peripherals, including flash memory storage and external USBs. The company was founded in 1987 and is headquartered in Midrand, South Africa.
Mustek Fundamentals Summary
|MST fundamental statistics|
Is MST overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MST income statement (TTM)|
|Cost of Revenue||R6.85b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||4.53|
|Net Profit Margin||3.66%|
How did MST perform over the long term?See historical performance and comparison
6.8%Current Dividend Yield
Is Mustek undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MST (ZAR13.33) is trading above our estimate of fair value (ZAR8.17)
Significantly Below Fair Value: MST is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MST is good value based on its PE Ratio (2.9x) compared to the Global Tech industry average (17.3x).
PE vs Market: MST is good value based on its PE Ratio (2.9x) compared to the ZA market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MST's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MST is good value based on its PB Ratio (0.6x) compared to the XX Tech industry average (1.7x).
How is Mustek forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mustek has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Mustek performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MST has high quality earnings.
Growing Profit Margin: MST's current net profit margins (3.7%) are higher than last year (1.4%).
Past Earnings Growth Analysis
Earnings Trend: MST's earnings have grown significantly by 25.4% per year over the past 5 years.
Accelerating Growth: MST's earnings growth over the past year (238.3%) exceeds its 5-year average (25.4% per year).
Earnings vs Industry: MST earnings growth over the past year (238.3%) exceeded the Tech industry 24.4%.
Return on Equity
High ROE: MST's Return on Equity (21.8%) is considered high.
How is Mustek's financial position?
Financial Position Analysis
Short Term Liabilities: MST's short term assets (ZAR3.0B) exceed its short term liabilities (ZAR2.1B).
Long Term Liabilities: MST's short term assets (ZAR3.0B) exceed its long term liabilities (ZAR128.0M).
Debt to Equity History and Analysis
Debt Level: MST's debt to equity ratio (82.7%) is considered high.
Reducing Debt: MST's debt to equity ratio has reduced from 127.2% to 82.7% over the past 5 years.
Debt Coverage: MST's debt is well covered by operating cash flow (21.6%).
Interest Coverage: MST's interest payments on its debt are well covered by EBIT (6.6x coverage).
What is Mustek current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MST's dividend (6.75%) is higher than the bottom 25% of dividend payers in the ZA market (3.07%).
High Dividend: MST's dividend (6.75%) is low compared to the top 25% of dividend payers in the ZA market (8.09%).
Stability and Growth of Payments
Stable Dividend: MST's dividend payments have been volatile in the past 10 years.
Growing Dividend: MST's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.2%), MST'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
David Kan (62 yo)
Mr. Chih-Hsing Kan, also known as David, is a Co-Founder of Mustek Limited in 1987 and has been its Chief Executive Officer since 1987. Mr. Kan has developed a culture of accessible, hands-on management an...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD757.33K) is above average for companies of similar size in the ZA market ($USD280.19K).
Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.
Experienced Management: MST's management team is seasoned and experienced (13.2 years average tenure).
Experienced Board: MST's board of directors are considered experienced (8.8 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mustek Limited's employee growth, exchange listings and data sources
- Name: Mustek Limited
- Ticker: MST
- Exchange: JSE
- Founded: 1987
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: R864.440m
- Shares outstanding: 64.85m
- Website: https://www.mustek.co.za
Number of Employees
- Mustek Limited
- 322 15th Road
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 17:05|
|End of Day Share Price||2021/10/15 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.