Metair Investments Limited. JSE: MTA

Metair shares

Background of Metair

  • Metair Investments is a South African company which manages an international portfolio of companies involved in manufacturing, distribution and sale of retail products for energy storage and automotive component customers, exporting to 46 countries. The group’s history started 30 years ago as a supplier to Toyota SA.

  • The Energy Storage segment manufactures batteries for sale to the automotive, telecoms, mining, retail, materials handling and utility sectors, supplied through aftermarket distribution channels and franchised retail networks. Aftermarket products are also exported throughout Africa, Europe, Russia, Turkey and the Middle East. Metair today supplies batteries to all major original equipment manufacturers (OEMs) in South Africa, Romania, Russia and Turkey through subsidiaries.

  • The Automotive Components segment includes original equipment components used in assembly of new vehicles, as well as spare parts and other products in the relevant aftermarket. Metair also produces generic aftermarket products for use in imported vehicles.

  • Metair shares are available to buy on the Johannesburg Stock Exchange (JSE) with a market cap of R3.76 billion.

Metair Shares Growth Driver

  • The live online stocks chart shows that Metair share price has suffered a steady decline from a high of R45.20 in 2014 to below R20 by August 2016. In response to difficult trade conditions, the company redesigned itself to establish a vertical structure built to lessen dependency on the traditional automotive components business and its cyclicality linked to new vehicle launches. The Energy Storage vertical had solid performance in the latest reported interim period, increasing revenue due to gains from the weaker rand and a slight increase in automotive volumes. The segment was also awarded a major multi-year supply agreement from Daimler AG in Germany, while businesses in Romania and Turkey remained strong. The Automotive Component segment was flat for the period, due to reduced production volumes from Metair’s major customer and the implementation of the new vertical model.

  • Overall, net profit declined to R116 million from R236 million the year before, with the results compounded by inefficiencies from associate companies. However, cash generated from operations increased from R89.4 million to R259 million, as investment in working capital was limited to R170 million.

  • Going forward, the forecast is that business in South Africa will be challenging due to high local market competition. Metair expects single digit turnover growth from the Automotive Components segment over the short to medium term as technology advancements and product offering expansion counter an anticipated reduction in volumes. The group aims to buy specifically into manufacturing efficiency and production stability.

Metair Investor Tip

  • Metair share price has struggled of late, and the prospects for an upturn in growth don’t look particularly good at least until the medium term. The new business model is still being finalised, with a full return to profit growth only expected in a few years. Until then, investors won’t be especially attracted to buy Metair shares.

Metair Major Shareholders

Foord Asset Management, Public Investment Corporation, Government Employees Pension Fund, Kagiso Asset Management, Berkeley Private Wealth, Investec Asset Management, Corocapital, Metal and Engineering Industries.

  • Sector

    Consumer Discretionary

  • Industry


  • Sub industry

    Auto Parts

How to buy Metair Group Shares

  • Metair : How to buy Metair Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Metair Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Metair Group and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Metair Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Metair Group.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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