1. South Africa Stocks

  2. •

    Electronic technology

  3. •

    Electronic components
Mustek Limited

Mustek Limited

JJSE:MST
1,529.00
ZAC
+28.00
(+1.87%)
79.03BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
38.76
44.42
47.46
52.51
57.62
72.89
82.66
91.39
115.5
142.15
173.85
147.32
132.7
- -
Basic EPS, GAAP
0.78
1
1.25
0.74
0.8
1.03
1.48
1.24
4.25
3.51
3.77
0.37
0.72
- -
Free Cash Flow per Basic Share
1.16
-2.45
2.1
-0.25
0.73
1.14
-3.11
4.25
2.37
0.32
-2.41
-4.3
9.64
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
7.62
8.59
9.59
10.08
11.69
13.49
14.94
15.98
20.46
23.95
27.24
28.01
28.7
29.3
Tangible Book Value per Share
7.09
8.02
8.98
9.4
10.56
12.11
13.39
14.17
18.27
21.4
24.26
25.16
25.95
26.67
Basic Weighted Avg Shares
108
107
106
101
91
78
71
70
69
63
58
57
54
54
Sales/Revenue/Turnover
4,203
4,764
5,042
5,286
5,243
5,671
5,846
6,397
7,992
8,910
10,126
8,449
7,183
- -
Operating Margin (%)
4.33
4.09
4.03
3.79
3.32
4.43
4.06
4.03
5.78
5.39
5.71
2.91
2.36
- -
Depreciation Expense
19
20
22
29
29
30
26
46
44
48
54
71
69
- -
Net Income, GAAP
85
107
133
75
73
80
105
87
294
220
220
21
39
- -
Effective Tax Rate (%)
32.69
27.44
26.54
25.33
21.45
19.9
19.92
23.76
27.21
30.08
24.96
46.72
15.23
- -
Profit Margin (%)
2.02
2.25
2.63
1.41
1.39
1.41
1.79
1.36
3.68
2.47
2.17
0.25
0.54
- -
Working Capital
592
612
650
615
561
545
585
632
815
905
995
979
1,039
1,127
LT Debt
7
35
23
- -
6
6
9
52
102
77
72
79
64
105
Total Equity
839
935
1,013
987
978
993
1,053
1,127
1,358
1,413
1,568
1,516
1,554
1,587
Return on Invested Capital (%)
7.59
8.41
9
7.97
8.17
6.32
7.69
6.3
13.76
9.46
9.22
3.97
4.79
- -
Return on Capital (%)
9.73
9.38
9.61
8.55
9.39
7.15
8.46
6.74
13.61
8.8
9.33
3.65
5.21
- -
Return on Common Equity (%)
10.75
12.32
13.9
7.53
7.46
8.17
10.3
8.02
23.8
15.92
14.74
1.39
2.53
- -

Capital Structure

ZAR

•

in mil. unless spec.
Dec'25
Jun'25
Dec'26
ST Debt
56
1,231
30
LT Borrowings
5
- -
52
LT Finance Leases
67
64
53
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
54
54
54
Market Capitalization
860
763
790

Working Capital

ZAR

•

in mil. unless spec.
Dec'25
Jun'25
Dec'26
Total Current Assets
3,736
3,434
3,621
Cash, Cash Equivalents & STI
310
226
347
Accounts Receivable, Net
1,374
1,311
1,409
Inventories
2,008
1,750
1,851
Total Current Liabilities
2,733
2,395
2,493
Payables & Accruals
- -
- -
- -
ST Debt
56
1,231
30
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.59%
6.95%
2.52%
Free Cash Flow
-220.78%
-235.64%
-311.65%
Net Income, GAAP
18.16%
40.84%
81.43%
Sales/Revenue/Turnover
4.32%
3.7%
-14.99%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
8,449
2025
- -
- -
7,183
2026
- -
- -
- -

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.37
2025
- -
- -
0.72
2026
- -
- -
- -

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hein Engelbrecht
Full Time Employees
1,009
Sector
Electronic technology
Industry
Electronic components
Address
322 15th Road Midrand GT South Africa 1685
IPO Date
Jan 20, 2003
Website
mustek.co.za
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Business
Mustek Limited Mustek Limited is a South Africa-based technology solutions provider that procures, assembles, distributes and services computers, computer components, peripherals and related information and communications technology (ICT) products. The company operates through three main segments: Mustek, which assembles and distributes computer products including Mecer-branded personal computers, laptops, servers and peripherals along with related services; Rectron, which distributes computer components, peripherals, networking and enterprise products, displays, printers, scanners, point-of-sale solutions, 3D printing products, tablets, energy solutions such as power backup products, LED lighting, batteries and solar panels, flash memory storage and external USBs primarily to resellers, distributors and IT systems integrators; and Mecer Inter-Ed, which provides accredited training programmes and enablement services. Mustek Limited offers additional solutions encompassing cloud and software licences, data centre solutions, surveillance, data storage, cloud computing, edge computing, network infrastructure, security and compliance services, as well as technical support, repairs and financing; it serves consumer, business and public sector markets mainly in South Africa with limited operations in East Africa and Taiwan, and employs 1,228 people. Founded in 1987 and headquartered in Midrand, South Africa, the company maintains a broad national footprint across all provinces and supports resellers and retailers throughout Southern Africa with tier-1 vendor partnerships emphasizing efficiency, flexibility and service excellence. In recent developments, Mustek Limited acquired a 70% stake in cybersecurity firm CyberAntix for R20 million in October 2024 to bolster its cloud, software and security services divisions, enabling tailored security operations centre-as-a-service solutions and expanded offerings across Africa including potential insurance partnerships; in August 2025, it took a 51% stake in Business AI (Pty) Ltd for R7 million to launch a B2B AI marketplace portal connecting enterprises with vetted AI vendors, platforms and data centres, amid mixed financial results showing a 15% revenue decline to R7.18 billion for the year ended 30 June 2025 due to weaker consumer demand, public sector delays and softening green energy sales.