MiX Telematics Limited (MIXT) Stock Fundamental Analysis

NYSE:MIXT • US60688N1028

14.55 USD
+0.35 (+2.46%)
At close: Mar 25, 2024
14.01 USD
-0.54 (-3.71%)
After Hours: 3/25/2024, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to MIXT. MIXT was compared to 276 industry peers in the Software industry. Both the profitability and the financial health of MIXT get a neutral evaluation. Nothing too spectacular is happening here. MIXT has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year MIXT was profitable.
  • In the past year MIXT had a positive cash flow from operations.
  • In the past 5 years MIXT has always been profitable.
  • In the past 5 years MIXT always reported a positive cash flow from operatings.
MIXT Yearly Net Income VS EBIT VS OCF VS FCFMIXT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M

1.2 Ratios

  • MIXT's Return On Assets of 3.36% is fine compared to the rest of the industry. MIXT outperforms 76.98% of its industry peers.
  • The Return On Equity of MIXT (5.62%) is better than 77.34% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 8.50%, MIXT belongs to the top of the industry, outperforming 86.33% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for MIXT is below the industry average of 10.73%.
Industry RankSector Rank
ROA 3.36%
ROE 5.62%
ROIC 8.5%
ROA(3y)5.47%
ROA(5y)6.07%
ROE(3y)7.8%
ROE(5y)8.59%
ROIC(3y)8.58%
ROIC(5y)10.13%
MIXT Yearly ROA, ROE, ROICMIXT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 4.24%, MIXT is in the better half of the industry, outperforming 75.54% of the companies in the same industry.
  • MIXT's Profit Margin has declined in the last couple of years.
  • MIXT has a better Operating Margin (10.69%) than 82.73% of its industry peers.
  • In the last couple of years the Operating Margin of MIXT has declined.
  • With a Gross Margin value of 62.07%, MIXT perfoms like the industry average, outperforming 44.96% of the companies in the same industry.
  • In the last couple of years the Gross Margin of MIXT has remained more or less at the same level.
Industry RankSector Rank
OM 10.69%
PM (TTM) 4.24%
GM 62.07%
OM growth 3Y-16.45%
OM growth 5Y-7.5%
PM growth 3Y-23.43%
PM growth 5Y-22.15%
GM growth 3Y-0.52%
GM growth 5Y-1.16%
MIXT Yearly Profit, Operating, Gross MarginsMIXT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MIXT is destroying value.
  • The number of shares outstanding for MIXT has been increased compared to 1 year ago.
  • The debt/assets ratio for MIXT is higher compared to a year ago.
MIXT Yearly Shares OutstandingMIXT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
MIXT Yearly Total Debt VS Total AssetsMIXT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.2 Solvency

  • An Altman-Z score of 4.37 indicates that MIXT is not in any danger for bankruptcy at the moment.
  • MIXT has a better Altman-Z score (4.37) than 66.19% of its industry peers.
  • MIXT has a debt to FCF ratio of 1.93. This is a very positive value and a sign of high solvency as it would only need 1.93 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 1.93, MIXT is in the better half of the industry, outperforming 71.94% of the companies in the same industry.
  • A Debt/Equity ratio of 0.18 indicates that MIXT is not too dependend on debt financing.
  • MIXT's Debt to Equity ratio of 0.18 is in line compared to the rest of the industry. MIXT outperforms 44.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 1.93
Altman-Z 4.37
ROIC/WACC0.52
WACC16.28%
MIXT Yearly LT Debt VS Equity VS FCFMIXT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B 1.5B 2B

2.3 Liquidity

  • A Current Ratio of 1.23 indicates that MIXT should not have too much problems paying its short term obligations.
  • MIXT has a Current ratio of 1.23. This is in the lower half of the industry: MIXT underperforms 66.91% of its industry peers.
  • MIXT has a Quick Ratio of 1.15. This is a normal value and indicates that MIXT is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Quick ratio value of 1.15, MIXT is not doing good in the industry: 69.42% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.23
Quick Ratio 1.15
MIXT Yearly Current Assets VS Current LiabilitesMIXT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 99.74% over the past year.
  • Measured over the past years, MIXT shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -15.75% on average per year.
  • MIXT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.83%.
  • Measured over the past years, MIXT shows a small growth in Revenue. The Revenue has been growing by 7.54% on average per year.
EPS 1Y (TTM)99.74%
EPS 3Y-19.35%
EPS 5Y-15.75%
EPS Q2Q%37078.2%
Revenue 1Y (TTM)19.83%
Revenue growth 3Y4.6%
Revenue growth 5Y7.54%
Sales Q2Q%20.74%

3.2 Future

  • The Earnings Per Share is expected to grow by 44.23% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 7.48% on average over the next years.
EPS Next Y3900%
EPS Next 2Y681.02%
EPS Next 3Y44.23%
EPS Next 5YN/A
Revenue Next Year6.02%
Revenue Next 2Y6.28%
Revenue Next 3Y7.48%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
MIXT Yearly Revenue VS EstimatesMIXT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 500M 1B 1.5B 2B
MIXT Yearly EPS VS EstimatesMIXT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2021 2022 2023 2024 2025 2026 5 10 15

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 51.96, MIXT can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, MIXT is valued a bit cheaper than the industry average as 65.47% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 27.07, MIXT is valued quite expensively.
  • Based on the Price/Forward Earnings ratio of 17.56, the valuation of MIXT can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MIXT indicates a rather cheap valuation: MIXT is cheaper than 87.05% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of MIXT to the average of the S&P500 Index (28.05), we can say MIXT is valued slightly cheaper.
Industry RankSector Rank
PE 51.96
Fwd PE 17.56
MIXT Price Earnings VS Forward Price EarningsMIXT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MIXT is valued cheaper than 94.24% of the companies in the same industry.
  • MIXT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MIXT is cheaper than 78.78% of the companies in the same industry.
Industry RankSector Rank
P/FCF 29.81
EV/EBITDA 9.39
MIXT Per share dataMIXT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • MIXT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • MIXT has a very decent profitability rating, which may justify a higher PE ratio.
  • MIXT's earnings are expected to grow with 44.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.01
PEG (5Y)N/A
EPS Next 2Y681.02%
EPS Next 3Y44.23%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for MIXT!.
Industry RankSector Rank
Dividend Yield N/A

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Find the best dividend stocksShow peers with best dividend

MiX Telematics Limited

NYSE:MIXT (3/25/2024, 8:04:00 PM)

After market: 14.01 -0.54 (-3.71%)

14.55

+0.35 (+2.46%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-01
Earnings (Next)05-20
Inst Owners2.19%
Inst Owner Change0%
Ins Owners167.75%
Ins Owner Change0%
Market Cap322.44M
Revenue(TTM)2.70B
Net Income(TTM)114.40M
Analysts84
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP82.22%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14471.8%
Min EPS beat(2)7222.42%
Max EPS beat(2)21721.1%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.77%
Valuation
Industry RankSector Rank
PE 51.96
Fwd PE 17.56
P/S 2.22
P/FCF 29.81
P/OCF 9.44
P/B 2.95
P/tB 7.18
EV/EBITDA 9.39
EPS(TTM)0.28
EY1.92%
EPS(NY)0.83
Fwd EY5.69%
FCF(TTM)0.49
FCFY3.35%
OCF(TTM)1.54
OCFY10.59%
SpS6.55
BVpS4.94
TBVpS2.03
PEG (NY)0.01
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 3.36%
ROE 5.62%
ROCE 12.22%
ROIC 8.5%
ROICexc 10.73%
ROICexgc 24.7%
OM 10.69%
PM (TTM) 4.24%
GM 62.07%
FCFM 7.45%
ROA(3y)5.47%
ROA(5y)6.07%
ROE(3y)7.8%
ROE(5y)8.59%
ROIC(3y)8.58%
ROIC(5y)10.13%
ROICexc(3y)11.63%
ROICexc(5y)13.01%
ROICexgc(3y)32.14%
ROICexgc(5y)33.75%
ROCE(3y)11.36%
ROCE(5y)13.24%
ROICexgc growth 3Y-13.3%
ROICexgc growth 5Y-14.28%
ROICexc growth 3Y-15.31%
ROICexc growth 5Y-9.06%
OM growth 3Y-16.45%
OM growth 5Y-7.5%
PM growth 3Y-23.43%
PM growth 5Y-22.15%
GM growth 3Y-0.52%
GM growth 5Y-1.16%
F-Score8
Asset Turnover0.79
Health
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 1.93
Debt/EBITDA 0.64
Cap/Depr 145.51%
Cap/Sales 16.07%
Interest Coverage 250
Cash Conversion 108.24%
Profit Quality 175.93%
Current Ratio 1.23
Quick Ratio 1.15
Altman-Z 4.37
F-Score8
WACC16.28%
ROIC/WACC0.52
Cap/Depr(3y)112.06%
Cap/Depr(5y)96.67%
Cap/Sales(3y)13.71%
Cap/Sales(5y)12.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)99.74%
EPS 3Y-19.35%
EPS 5Y-15.75%
EPS Q2Q%37078.2%
EPS Next Y3900%
EPS Next 2Y681.02%
EPS Next 3Y44.23%
EPS Next 5YN/A
Revenue 1Y (TTM)19.83%
Revenue growth 3Y4.6%
Revenue growth 5Y7.54%
Sales Q2Q%20.74%
Revenue Next Year6.02%
Revenue Next 2Y6.28%
Revenue Next 3Y7.48%
Revenue Next 5YN/A
EBIT growth 1Y64.01%
EBIT growth 3Y-12.61%
EBIT growth 5Y-0.53%
EBIT Next Year189.6%
EBIT Next 3Y52.81%
EBIT Next 5YN/A
FCF growth 1Y-25.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y38.83%
OCF growth 3Y-3.06%
OCF growth 5Y3.17%

MiX Telematics Limited / MIXT FAQ

Can you provide the ChartMill fundamental rating for MiX Telematics Limited?

ChartMill assigns a fundamental rating of 5 / 10 to MIXT.


Can you provide the valuation status for MiX Telematics Limited?

ChartMill assigns a valuation rating of 6 / 10 to MiX Telematics Limited (MIXT). This can be considered as Fairly Valued.


What is the profitability of MIXT stock?

MiX Telematics Limited (MIXT) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for MIXT stock?

The Price/Earnings (PE) ratio for MiX Telematics Limited (MIXT) is 51.96 and the Price/Book (PB) ratio is 2.95.


Is the dividend of MiX Telematics Limited sustainable?

The dividend rating of MiX Telematics Limited (MIXT) is 0 / 10 and the dividend payout ratio is 82.22%.