Mix Telematics Limited. JSE: MIX

MiX Telematics shares

Background of MiX Telematics

  • MiX Telematics is a holding company founded in South Africa in 1996, which is a global provider of vehicle tracking, driver safety and fleet management services and solutions.

  • Today, the company’s range of products and services is for sale in more than 120 countries, with over 850 000 vehicle tracking and fleet management units worldwide. Offices can be found in South Africa, the UK, United States, Brazil, Uganda, the UAE and Qatar. The company is recognised as the largest fleet management solutions provider in South Africa.

  • The group’s stolen vehicle recovery products are sold under the Matrix and Beame brands in South Africa, along with value-added services such as road-side assistance, internet tracking, crash alert and GPS logbook. Fleet management solutions comprise in-vehicle hardware, on-demand software services and a range of accessories and applications that enhance MiX Telematics solutions.

  • The group employs over 1000 employees working on in-house research, design, development, sales and customer support. MiX Telematics shares are listed on the Johannesburg Stock Exchange (JSE), with depositary shares listed on the New York Stock Exchange. MiX Telematics share price has underperformed on the JSE.

MiX Telematics Shares Growth Driver

  • Customers who buy MiX’s solutions benefit from a proprietary, scalable technology platform which allows for the collection, analysis and deliver of data from vehicles, and presents this on an intuitive web-based interface.

  • The group’s primary revenue stream comes from monthly subscription fees, with the company making use of a Software-as-a-Service (SaaS) business model to deliver its portfolio of features. Technology is tightly integrated across product offerings in order to create ongoing value for customers across a diverse array of industries.

  • A key performance indicator, revenue from subscription fees increased from R998 million in 2015, to R1.158 billion in 2016, with the number of subscribers increasing by more than 53 000. The group’s financial statements indicated a healthy profit of R182 million for the year, compared to R149 million in 2015. Profits were driven by an increase in sales and marketing investment, net foreign exchange gains and subscriber bases growing strongly in Africa, Europe and Brazil.

  • Subscriptions decreased slightly in the Americas due to contraction in the oil and gas industry, which affected important MiX Telematics customers. Lower hardware revenues across the group also eroded operating margins.

  • At the end of 2015, the company managed to renew key contracts and also entered into a multi-year deal with Halliburton to provide fleet management solutions for its North American fleet.

MiX Telematics Group Investor Tip

  • MiX Telematics shares have not had particularly good buy in from investors and have had a dampened performance on the live online JSE stocks chart over the past several years, as a result of tough trade conditions within the industries the company serves.

  • The company has created a forecast for the 2017 financial year, anticipating that subscription revenue and profits will continue to grow steadily. MiX Telematics share price has not responded to the company’s sluggish profit growth, and performance is expected to remain muted for the foreseeable future. Investors who buy MiX Telematics shares shouldn’t expect outstanding growth in the short to medium term.

MiX Telematics Major Shareholders

GAF Family Trust, Masalini Capital and MiX Telematics Investments.

  • Sector

    Technology

  • Industry

    Software
  • Sub industry

    Application Software

How to buy MiX Telematics Group Shares

  • MiX Telematics : How to buy MiX Telematics Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy MiX Telematics 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 MiX Telematics Group and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase MiX Telematics 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 MiX Telematics 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)
  • Buy Shares with Confidence

    Buying JSE shares has never been this convenient and easy. #myfirstshare

    View more JSE shares for sale – here.

<a href="https://www.sashares.co.za/mix-telematics-shares">Credits: SA Shares™</a>
<iframe class="stock_frame" width="100%" height="1200px" src="https://www.profiledata.co.za/brokersites/SAShares/Summary.aspx?c=MIX"></iframe>