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MiX Telematics Limited (MIXT) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:MIXT - US60688N1028 - ADR

14.55 USD
+0.35 (+2.46%)
Last: 3/25/2024, 8:04:00 PM
14.01 USD
-0.54 (-3.71%)
After Hours: 3/25/2024, 8:04:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to MIXT. MIXT was compared to 277 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 decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • MIXT had positive earnings in the past year.
  • MIXT had a positive operating cash flow in the past year.
  • MIXT had positive earnings in each of the past 5 years.
  • MIXT had a positive operating cash flow in each of the past 5 years.
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

  • The Return On Assets of MIXT (3.36%) is better than 76.98% of its industry peers.
  • MIXT's Return On Equity of 5.62% is fine compared to the rest of the industry. MIXT outperforms 77.34% of its industry peers.
  • With an excellent Return On Invested Capital value of 8.50%, MIXT belongs to the best of the industry, outperforming 86.33% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for MIXT is below the industry average of 10.78%.
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

  • MIXT's Profit Margin of 4.24% is fine compared to the rest of the industry. MIXT outperforms 75.54% of its industry peers.
  • In the last couple of years the Profit Margin of MIXT has declined.
  • 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.
  • MIXT's Gross Margin of 62.07% is in line compared to the rest of the industry. MIXT outperforms 44.96% of its industry peers.
  • MIXT's Gross Margin has been stable in the last couple of years.
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

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MIXT is destroying value.
  • Compared to 1 year ago, MIXT has more shares outstanding
  • 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's Altman-Z score of 4.37 is fine compared to the rest of the industry. MIXT outperforms 66.19% of its industry peers.
  • The Debt to FCF ratio of MIXT is 1.93, which is an excellent value as it means it would take MIXT, only 1.93 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 1.93, MIXT is doing good in 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.
  • With a Debt to Equity ratio value of 0.18, MIXT perfoms like the industry average, outperforming 44.96% of the companies in the same industry.
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

  • 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 has a Quick ratio of 1.15. This is in the lower half of the industry: MIXT underperforms 69.42% of its industry peers.
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

5

3. Growth

3.1 Past

  • MIXT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 99.74%, which is quite impressive.
  • 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 Q2Q%37078.2%
Revenue 1Y (TTM)19.83%
Revenue growth 3Y4.6%
Revenue growth 5Y7.54%
Sales Q2Q%20.74%

3.2 Future

  • MIXT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 44.23% yearly.
  • 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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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

6

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 51.96, which means the current valuation is very expensive for MIXT.
  • Based on the Price/Earnings ratio, MIXT is valued a bit cheaper than 65.47% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.32, MIXT is valued quite expensively.
  • A Price/Forward Earnings ratio of 17.56 indicates a rather expensive valuation of MIXT.
  • 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 24.32. MIXT is valued slightly cheaper when compared to this.
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MIXT indicates a rather cheap valuation: MIXT is cheaper than 94.24% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, MIXT is valued a bit cheaper than the industry average as 78.78% of the companies are valued more expensively.
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

  • 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%

0

5. Dividend

5.1 Amount

  • MIXT does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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%.