Page 151 - Profile's Stock Exchange Handbook - 2025 Issue 3

Profile’s Stock Exchange Handbook: 2025 - Issue 3 JSE - MUL

MultiChoice Group Ltd. Mustek Ltd.

ISIN: ZAE000265971 SHORT: MC GROUP CODE: MCG ISIN: ZAE000012373 SHORT: MUSTEK CODE: MST
REG NO: 2018/473845/06 FOUNDED: 2018 LISTED: 2019 REG NO: 1987/070161/06 FOUNDED: 1987 LISTED: 1997
NATURE OF BUSINESS: MultiChoice is Africa’s leading entertainment NATURE OF BUSINESS: The Mustek Group is a seamless end-to-
platform, with a mission to enrich lives. It offers a wide range of end information and communications technology (ICT) and
products and services, including DStv, GOtv, Showmax, M-Net, sustainable technology solutions provider, founded by David
SuperSport, Irdeto, and KingMakers. Its products and services are Kan in 1987 and listed on the JSE in 1997. Over the years, it has
used by over 23.5 million households in 50 markets across sub- transformed from a distribution-oriented entity to a cohesive
Saharan Africa. Group with a mission centred on anticipating stakeholder needs
SECTOR: Telecoms--Telecoms--TelecomServiceProvider--CableTV for long-term sustainability. The Group’s strategic intent is to build
NUMBER OF EMPLOYEES: 7 251 strong businesses and create synergies for sustainable success by
DIRECTORS: du Preez J H (ind ne), Klein D (ind ne), Moroka Adv K D operating as a unified entity with a shared mission.
(ind ne), Sabwa C (ind ne, Keny), Sanusi Dr F A (ind ne, UK), Stephens L SECTOR: Technology--Technology--Hardware & Equipment--Hardware
(ind ne), Zappia A (ind ne), Masilela E (Chair, ne), Mawela C P (CEO), NUMBER OF EMPLOYEES: 1 197
Jacobs T N (CFO) DIRECTORS: Coetzee C J, Marlowe P (ind ne), Patmore R B (ld ind ne),
MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2025 Thomas S (ind ne), Mophatlane I (Chair, ind ne), Ebrahim S A B
Groupe Canal+ 45.20% (Group FD), Engelbrecht H (Group CEO)
Public Investment Corporation 11.76% MAJOR ORDINARY SHAREHOLDERS as at 15 Nov 2024
M & G Investments 8.23% Novus Holdings Ltd. 35.07%
POSTAL ADDRESS: PO Box 1502, Randburg, South Africa, 2125 The DK Trust 16.60%
MORE INFO: www.sharedata.co.za/sdo/jse/MCG Government Employees Pension Fund 5.70%
COMPANY SECRETARY: C C Miller POSTAL ADDRESS: PO Box 1638, Parklands, 2121
TRANSFER SECRETARY: Singular Systems (Pty) Ltd. MORE INFO: www.sharedata.co.za/sdo/jse/MST
SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.) COMPANY SECRETARY: Sirkien van Schalkwyk
AUDITORS: Ernst & Young Inc. TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
CAPITAL STRUCTURE Authorised Issued SPONSOR: Deloitte & Touche Sponsor Services (Pty) Ltd.
MCG Ords no par val - 442 512 678 AUDITORS: BDO South Africa Inc.
Authorised
Issued
DISTRIBUTIONS [ZARc] CAPITAL STRUCTURE 250 000 000 57 540 000
MST
Ords no par value
Ords no par val Ldt Pay Amt
Final No 3 6 Sep 22 12 Sep 22 565.00 DISTRIBUTIONS [ZARc]
Final No 2 7 Sep 21 13 Sep 21 565.00 Ords no par value Ldt Pay Amt
LIQUIDITY: Jul25 Avg 3m shares p.w., R285.0m(30.5% p.a.) Final No 28 8 Oct 24 14 Oct 24 7.50
Final No 27 10 Oct 23 16 Oct 23 77.00
MC GROUP 40 Week MA FTEL LIQUIDITY: Jul25 Avg 833 031 shares p.w., R10.2m(75.3% p.a.)
25000
MUSTEK 40 Week MA TECH
20000 1800
1600
1400
15000
1200
1000
10000
800
600
5000
2021 2022 2023 2024 2025
400
200
FINANCIAL STATISTICS 2021 2022 2023 2024 2025
Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
(R million)
Final Final Final(rst) Final Final FINANCIAL STATISTICS
Turnover 49 980 54 999 58 424 55 240 53 338 (R million) Dec 24 Jun 24 Jun 23 Jun 22 Jun 21
Op Inc 4 664 7 080 10 157 10 296 10 458 Interim Final Final Final Final(rst)
NetIntPd(Rcvd) 1 263 1 359 1 009 950 714 Turnover 3 665 8 507 10 126 8 910 7 992
Minority Int 586 - 174 558 1 526 1 916 Op Inc 96 279 455 407 472
Att Inc 1 194 - 3 974 - 3 478 1 358 2 161 NetIntPd(Rcvd) 83 206 151 70 70
TotCompIncLoss 2 015 - 2 529 966 2 071 4 380 Minority Int - - - 5 3
Fixed Ass 8 387 10 247 12 129 13 060 14 964 Att Inc 12 21 220 220 294
Inv & Loans 349 374 357 255 119 TotCompIncLoss 19 22 221 223 292
Tot Curr Ass 17 180 20 841 23 024 17 265 18 949 Fixed Ass 248 258 269 202 201
Ord SH Int 6 512 4 907 9 717 10 952 12 426 Inv & Loans 19 11 13 23 62
Minority Int - 4 910 - 5 975 - 4 372 - 2 876 - 2 912 Tot Curr Ass 3 736 4 245 5 050 4 396 2 956
LT Liab 20 253 24 262 19 570 13 875 14 254 Ord SH Int 1 530 1 516 1 568 1 413 1 350
Tot Curr Liab 17 389 20 532 22 695 20 890 18 560 Minority Int - - - - 7
PER SHARE STATISTICS (cents per share) LT Liab 96 106 101 106 128
HEPS-C (ZARc) - 258.00 - 715.00 - 301.00 381.00 496.00 Tot Curr Liab 2 733 3 266 4 055 3 491 2 142
DPS (ZARc) - - - 565.00 565.00 PER SHARE STATISTICS (cents per share)
NAV PS (ZARc) 1 517.95 1 154.59 2 270.33 2 570.89 2 910.07 HEPS-C (ZARc) 23.47 67.13 357.18 357.38 441.81
3 Yr Beta 0.34 0.46 0.18 0.45 - DPS (ZARc) - 7.50 77.00 76.00 90.00
Price High 12 200 12 653 15 520 13 973 14 559 NAV PS (ZARc) 2 826.95 2 801.15 2 724.36 2 395.02 2 046.07
Price Low 9 761 6 231 10 925 10 159 8 247 3 Yr Beta 0.44 0.20 0.27 0.38 0.55
Price Prd End 10 975 11 360 12 336 13 173 12 895 Price High 1 700 1 750 1 805 1 725 1 200
RATIOS Price Low 900 800 1 270 1 028 491
Ret on SH Fnd 111.11 388.39 - 54.63 35.71 42.85 Price Prd End 1 589 978 1 672 1 639 1 070
Oper Pft Mgn 9.33 12.87 17.38 18.64 19.61 RATIOS
D:E 12.64 - 22.72 3.73 1.88 1.57 Ret on SH Fnd 1.68 1.41 14.01 15.94 21.83
Current Ratio 0.99 1.02 1.01 0.83 1.02 Oper Pft Mgn 2.61 3.27 4.49 4.57 5.91
Div Cover - - - 0.56 0.90 D:E 0.08 0.49 0.31 0.23 0.12
Current Ratio 1.37 1.30 1.25 1.26 1.38
Div Cover - 4.97 4.90 4.62 4.72
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