M

Mustek Ltd
JSE:MST

Watchlist Manager
Mustek Ltd
JSE:MST
Watchlist
Price: 1 315 Zac -0.38%
Market Cap: 777.5m Zac
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-19%
5Y
+12%
10Y
+42%
Operating Income
+
3Y
-65%
5Y
-34%
10Y
-29%
Net Income
+
3Y
-82%
5Y
-55%
10Y
-71%

Earnings Waterfall
Mustek Ltd

Revenue
7.2B ZAR
Cost of Revenue
-6.2B ZAR
Gross Profit
957.9m ZAR
Operating Expenses
-788.3m ZAR
Operating Income
169.5m ZAR
Other Expenses
-130.7m ZAR
Net Income
38.8m ZAR

Income Statement
Mustek Ltd

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Income Statement
Currency: ZAR
Jun-2002 Dec-2002 Jun-2003 Dec-2003 Jun-2004 Dec-2004 Jun-2005 Dec-2005 Jun-2006 Dec-2006 Jun-2007 Dec-2007 Jun-2008 Dec-2008 Jun-2009 Dec-2009 Jun-2010 Dec-2010 Jun-2011 Dec-2011 Jun-2012 Dec-2012 Jun-2013 Dec-2013 Jun-2014 Dec-2014 Jun-2015 Dec-2015 Jun-2016 Dec-2016 Jun-2017 Dec-2017 Jun-2018 Dec-2018 Jun-2019 Dec-2019 Jun-2020 Dec-2020 Jun-2021 Dec-2021 Jun-2022 Dec-2022 Jun-2023 Dec-2023 Jun-2024 Dec-2024 Jun-2025
Revenue
Interest Expense
47
0
39
0
43
0
56
32
64
67
73
58
48
62
63
62
53
40
21
24
17
28
40
0
51
0
76
0
110
0
108
0
87
0
112
0
105
0
75
0
77
0
175
0
220
0
0
Revenue
2 826
N/A
3 004
+6%
2 976
-1%
2 727
-8%
2 684
-2%
2 860
+7%
2 942
+3%
3 049
+4%
3 057
+0%
3 110
+2%
3 355
+8%
3 307
-1%
3 409
+3%
3 589
+5%
3 482
-3%
3 351
-4%
3 410
+2%
3 433
+1%
3 506
+2%
3 528
+1%
3 503
-1%
3 663
+5%
4 072
+11%
4 406
+8%
4 764
+8%
5 027
+6%
5 042
+0%
5 270
+5%
5 286
+0%
5 425
+3%
5 243
-3%
5 282
+1%
5 671
+7%
5 728
+1%
5 846
+2%
6 151
+5%
6 397
+4%
7 112
+11%
7 992
+12%
8 435
+6%
8 910
+6%
9 631
+8%
10 126
+5%
9 484
-6%
8 449
-11%
7 847
-7%
7 183
-8%
Gross Profit
Cost of Revenue
(2 346)
(2 513)
(2 519)
(2 304)
(2 215)
(2 379)
(2 470)
(2 560)
(2 554)
(2 558)
(2 804)
(2 790)
(2 843)
(2 956)
(2 917)
(2 855)
(2 924)
(2 966)
(2 991)
(2 999)
(3 002)
(3 171)
(3 518)
(3 795)
(4 109)
(4 326)
(4 377)
(4 574)
(4 606)
(4 770)
(4 582)
(4 601)
(4 876)
(4 870)
(5 028)
(5 312)
(5 487)
(6 117)
(6 804)
(7 086)
(7 637)
(8 344)
(8 714)
(8 192)
(7 417)
(6 879)
(6 225)
Gross Profit
480
N/A
492
+2%
457
-7%
423
-7%
469
+11%
482
+3%
472
-2%
489
+3%
503
+3%
553
+10%
551
0%
516
-6%
566
+10%
633
+12%
565
-11%
496
-12%
486
-2%
467
-4%
516
+11%
529
+3%
500
-5%
491
-2%
555
+13%
611
+10%
655
+7%
701
+7%
665
-5%
696
+5%
681
-2%
655
-4%
662
+1%
681
+3%
795
+17%
858
+8%
818
-5%
839
+3%
910
+9%
994
+9%
1 188
+19%
1 349
+14%
1 273
-6%
1 287
+1%
1 412
+10%
1 292
-9%
1 032
-20%
968
-6%
958
-1%
Operating Income
Operating Expenses
(277)
(261)
(243)
(318)
(248)
(308)
(299)
(330)
(394)
(432)
(409)
(372)
(404)
(514)
(449)
(352)
(358)
(360)
(383)
(340)
(316)
(346)
(367)
(409)
(451)
(479)
(427)
(449)
(480)
(477)
(487)
(508)
(544)
(570)
(580)
(606)
(652)
(666)
(726)
(771)
(792)
(812)
(834)
(849)
(786)
(768)
(788)
Selling, General & Administrative
(255)
(238)
(222)
(297)
(226)
(160)
(282)
(340)
(412)
(441)
(419)
(387)
(421)
(525)
(464)
(372)
(378)
(372)
(385)
(350)
(334)
(351)
(372)
(414)
(461)
(491)
(462)
(483)
(484)
(481)
(487)
(506)
(544)
(570)
(580)
(606)
(652)
(666)
(726)
(771)
(792)
(812)
(834)
(849)
(786)
(768)
(788)
Depreciation & Amortization
(22)
(23)
(21)
(20)
(22)
(21)
(17)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Operating Expenses
0
0
0
0
0
(127)
0
10
18
9
9
16
16
10
15
21
21
12
2
10
18
6
5
5
10
12
35
33
3
4
0
(3)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Operating Income
203
N/A
231
+14%
214
-7%
105
-51%
221
+110%
174
-21%
173
0%
159
-9%
108
-32%
120
+11%
142
+18%
145
+2%
161
+12%
118
-27%
117
-2%
145
+24%
128
-11%
107
-17%
133
+25%
189
+42%
185
-2%
146
-21%
188
+29%
201
+7%
205
+2%
222
+8%
239
+7%
246
+3%
201
-19%
178
-11%
174
-2%
173
-1%
251
+45%
288
+15%
237
-18%
233
-2%
258
+11%
329
+27%
462
+41%
578
+25%
480
-17%
475
-1%
578
+22%
443
-23%
246
-44%
200
-19%
170
-15%
Pre-Tax Income
Interest Income Expense
(24)
(17)
3
14
(105)
(9)
(31)
(27)
(30)
(33)
(38)
(39)
(13)
(28)
(31)
(50)
(37)
(14)
7
(75)
(62)
(17)
(74)
(80)
(61)
(68)
(50)
(61)
(87)
(93)
(80)
(66)
(149)
(170)
(104)
(107)
(140)
(93)
(54)
(133)
(145)
(187)
(287)
(260)
(194)
(199)
(122)
Non-Reccuring Items
(21)
(23)
(16)
(2)
(20)
0
6
0
0
0
0
0
0
0
(5)
0
(0)
0
(6)
0
(6)
0
12
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(12)
(14)
0
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(2)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
(3)
(3)
(6)
(5)
(7)
(5)
(9)
(2)
(1)
(1)
(3)
(1)
(15)
(0)
(7)
3
(2)
(3)
(2)
(1)
(5)
(6)
(6)
11
0
0
0
0
0
0
(0)
(1)
(1)
0
0
0
(2)
(2)
(0)
(10)
(13)
(5)
2
3
(0)
1
(0)
Pre-Tax Income
155
N/A
188
+21%
196
+4%
112
-43%
89
-21%
160
+81%
139
-13%
130
-7%
77
-41%
86
+11%
101
+17%
106
+5%
133
+26%
90
-33%
74
-18%
97
+32%
88
-10%
90
+3%
133
+47%
113
-15%
112
0%
123
+10%
120
-3%
132
+10%
144
+9%
154
+7%
189
+23%
185
-2%
114
-39%
85
-25%
94
+10%
106
+13%
101
-4%
118
+17%
133
+12%
126
-5%
115
-8%
233
+102%
407
+75%
435
+7%
322
-26%
283
-12%
293
+3%
186
-36%
40
-78%
(12)
N/A
47
N/A
Net Income
Tax Provision
(64)
(73)
(87)
(58)
(32)
(57)
(43)
(29)
(16)
(20)
(29)
(40)
(45)
(26)
(21)
(27)
(23)
(21)
(37)
(34)
(33)
(35)
(38)
(45)
(39)
(39)
(50)
(49)
(29)
(22)
(20)
(21)
(20)
(26)
(26)
(23)
(27)
(59)
(111)
(126)
(97)
(81)
(73)
(44)
(19)
(6)
(7)
Income from Continuing Operations
91
115
109
54
57
104
97
101
62
66
73
66
88
64
52
71
64
69
96
79
80
88
82
88
104
114
139
136
85
64
74
85
81
92
107
103
88
174
296
309
225
202
220
143
21
(18)
40
Income to Minority Interest
(14)
(19)
(17)
(5)
(6)
(15)
(14)
(13)
(13)
(13)
(13)
(5)
(6)
(2)
2
(4)
(3)
(3)
(1)
0
2
3
2
0
3
3
(1)
(3)
(4)
(3)
(1)
(1)
(1)
(2)
(2)
(1)
(1)
(2)
(3)
(3)
(5)
(3)
0
0
0
(0)
(1)
Net Income (Common)
77
N/A
96
+24%
92
-4%
49
-47%
51
+3%
88
+74%
83
-6%
85
+2%
62
-28%
58
-6%
60
+3%
58
-4%
81
+41%
62
-24%
55
-12%
67
+22%
61
-8%
66
+8%
95
+43%
78
-17%
80
+3%
91
+14%
85
-7%
96
+13%
107
+12%
119
+11%
133
+11%
128
-3%
75
-42%
57
-23%
73
+27%
84
+15%
80
-5%
90
+12%
105
+17%
102
-3%
87
-15%
172
+98%
294
+71%
306
+4%
220
-28%
199
-9%
220
+10%
143
-35%
21
-85%
(19)
N/A
39
N/A
EPS (Diluted)
0.74
N/A
1.02
+38%
0.92
-10%
0.47
-49%
0.48
+2%
0.82
+71%
0.77
-6%
0.82
+6%
0.56
-32%
0.53
-5%
0.54
+2%
0.52
-4%
0.74
+42%
0.57
-23%
0.5
-12%
0.61
+22%
0.56
-8%
0.6
+7%
0.86
+43%
0.72
-16%
0.73
+1%
0.83
+14%
0.77
-7%
0.88
+14%
1
+14%
1.1
+10%
1.24
+13%
1.27
+2%
0.74
-42%
0.6
-19%
0.8
+33%
1.04
+30%
1.03
-1%
1.25
+21%
1.48
+18%
1.45
-2%
1.24
-14%
2.46
+98%
4.25
+73%
4.74
+12%
3.51
-26%
3.37
-4%
3.77
+12%
2.48
-34%
0.37
-85%
-0.34
N/A
0.72
N/A

See Also

Summary
MST intrinsic value, competitors valuation, and company profile.
DCF Valuation
MST stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MST stock valuation using valuation multiples.
Wall Street Estimates
MST price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
MST stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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