MiX Telematics Limited (MIXT)
US60688N1028 - ADR
Overall MIXT gets a fundamental rating of 5 out of 10. We evaluated MIXT against 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 is not valued too expensively and it also shows a decent growth rate.
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.
MIXT had positive earnings in each of the past 5 years.
Each year in the past 5 years MIXT had a positive operating cash flow.
1.2 Ratios
MIXT has a better Return On Assets (3.36%) than 76.98% of its industry peers.
With a decent Return On Equity value of 5.62%, MIXT is doing good in the industry, outperforming 77.34% of the companies in the same industry.
MIXT's Return On Invested Capital of 8.50% is amongst the best of the industry. MIXT outperforms 86.33% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MIXT is in line with the industry average of 10.35%.
| Industry Rank | Sector 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%
1.3 Margins
MIXT has a Profit Margin of 4.24%. This is in the better half of the industry: MIXT outperforms 75.54% of its industry peers.
MIXT's Profit Margin has declined in the last couple of years.
MIXT has a Operating Margin of 10.69%. This is amongst the best in the industry. MIXT outperforms 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 Rank | Sector 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%
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 number of shares outstanding for MIXT has been reduced compared to 5 years ago.
MIXT has a worse debt/assets ratio than last year.
2.2 Solvency
MIXT has an Altman-Z score of 4.37. This indicates that MIXT is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of MIXT (4.37) is better 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.
The Debt to FCF ratio of MIXT (1.93) is better than 71.94% of its industry peers.
MIXT has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.18, MIXT is in line with its industry, outperforming 44.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 1.93 | ||
| Altman-Z | 4.37 |
ROIC/WACC0.52
WACC16.28%
2.3 Liquidity
MIXT has a Current Ratio of 1.23. This is a normal value and indicates that MIXT is financially healthy and should not expect problems in meeting 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.
MIXT's Quick ratio of 1.15 is on the low side compared to the rest of the industry. MIXT is outperformed by 69.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.23 | ||
| Quick Ratio | 1.15 |
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.
Looking at the last year, MIXT shows a quite strong growth in Revenue. The Revenue has grown by 19.83% in the last year.
The Revenue has been growing slightly by 7.54% on average over the past years.
EPS 1Y (TTM)99.74%
EPS 3Y-19.35%
EPS 5Y-15.75%
EPS growth Q2Q37078.2%
Revenue 1Y (TTM)19.83%
Revenue growth 3Y4.6%
Revenue growth 5Y7.54%
Revenue growth Q2Q20.74%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 51.96, MIXT can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of MIXT indicates a somewhat cheap valuation: MIXT is cheaper than 65.47% of the companies listed in the same industry.
MIXT's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.55.
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.
The average S&P500 Price/Forward Earnings ratio is at 20.92. MIXT is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 51.96 | ||
| Fwd PE | 17.56 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MIXT indicates a somewhat cheap valuation: MIXT is cheaper than 78.78% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.81 | ||
| EV/EBITDA | 9.39 |
4.3 Compensation for Growth
The 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%
5. Dividend
5.1 Amount
MIXT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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 SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap322.44M
Analysts
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Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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Surprises & Revisions
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 51.96 | ||
| Fwd PE | 17.56 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
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FCF(TTM)
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OCF(TTM)
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SpS
BVpS
TBVpS
PEG (NY)0.01
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.36% | ||
| ROE | 5.62% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.69% | ||
| PM (TTM) | 4.24% | ||
| GM | 62.07% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.23 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)99.74%
EPS 3Y-19.35%
EPS 5Y
EPS growth Q2Q
EPS Next Y3900%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)19.83%
Revenue growth 3Y4.6%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
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