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
Mustek Limited
JSE:MST
(Johannesburg Stock Exchange)

Recent

price

1,529.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
ZAR
30.92
26.44
32.18
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
- -
Revenue per Share
0.58
0.86
0.74
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
- -
Basic EPS, GAAP
- -
- -
-0.08
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
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
5.63
6.33
6.97
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
Book Value per Share
4.98
5.71
6.41
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
Tangible Book Value per Share
110
110
109
108
107
106
101
91
78
71
70
69
63
58
57
54
54
Basic Weighted Avg Shares
3,410
2,897
3,503
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
- -
Sales/Revenue/Turnover
3.76
4.26
5.27
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
- -
Operating Margin (%)
- -
24
22
19
20
22
29
29
30
26
46
44
48
54
71
69
- -
Depreciation Expense
64
95
80
85
107
133
75
73
80
105
87
294
220
220
21
39
- -
Net Income, GAAP
26.49
28.43
28.95
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
- -
Effective Tax Rate (%)
1.89
3.27
2.29
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
- -
Profit Margin (%)
495
542
542
592
612
650
615
561
545
585
632
815
905
995
979
1,039
1,127
Working Capital
133
87
5
7
35
23
- -
6
6
9
52
102
77
72
79
64
105
LT Debt
642
713
774
839
935
1,013
987
978
993
1,053
1,127
1,358
1,413
1,568
1,516
1,554
1,587
Total Equity
9.09
10.51
10.55
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 Invested Capital (%)
10.39
12.44
10.98
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 Capital (%)
10.75
14.44
11.06
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
- -
Return on Common Equity (%)

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
- -
- -
- -
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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.