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Motus Holdings

JSE:MTH
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MTH
JSE
ZAR5B
Market Cap
  1. Home
  2. ZA
  3. Retail
Company description

Motus Holdings Limited operates in the automotive sector in South Africa, the United Kingdom, Australia, South East Asia, and Southern and East Africa. The last earnings update was 37 days ago. More info.


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  • Motus Holdings has significant price volatility in the past 3 months.
MTH Share Price and Events
7 Day Returns
-20.7%
JSE:MTH
-12.1%
ZA Specialty Retail
-5.2%
ZA Market
1 Year Returns
-68.7%
JSE:MTH
-50.2%
ZA Specialty Retail
-33.8%
ZA Market
MTH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Motus Holdings (MTH) -20.7% -62.8% -66.1% -68.7% - -
ZA Specialty Retail -12.1% -37.6% -45.2% -50.2% -47.5% -59.8%
ZA Market -5.2% -21.1% -29% -33.8% -28% -31.7%
1 Year Return vs Industry and Market
  • MTH underperformed the Specialty Retail industry which returned -50.2% over the past year.
  • MTH underperformed the Market in South Africa which returned -33.8% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Motus Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Motus Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Motus Holdings.

JSE:MTH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 22%
Perpetual Growth Rate 10-Year ZA Government Bond Rate 8.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for JSE:MTH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ZA Govt Bond Rate 8.6%
Equity Risk Premium S&P Global 8.2%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.738 (1 + (1- 28%) (226.48%))
1.631
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.63
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (1.631 * 8.23%)
22.02%

Discounted Cash Flow Calculation for JSE:MTH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Motus Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

JSE:MTH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ZAR, Millions) Source Present Value
Discounted (@ 22.02%)
2020 1,554.30 Analyst x1 1,273.81
2021 1,530.90 Analyst x2 1,028.22
2022 1,452.10 Analyst x2 799.30
2023 1,440.13 Est @ -0.82% 649.65
2024 1,468.97 Est @ 2% 543.08
2025 1,527.47 Est @ 3.98% 462.80
2026 1,609.45 Est @ 5.37% 399.64
2027 1,711.45 Est @ 6.34% 348.28
2028 1,831.52 Est @ 7.02% 305.45
2029 1,968.73 Est @ 7.49% 269.08
Present value of next 10 years cash flows ZAR6,079.00
JSE:MTH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ZAR1,968.73 × (1 + 8.6%) ÷ (22.02% – 8.6%)
ZAR15,932.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ZAR15,932.12 ÷ (1 + 22.02%)10
ZAR2,177.59
JSE:MTH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ZAR6,079.00 + ZAR2,177.59
ZAR8,256.59
Equity Value per Share
(ZAR)
= Total value / Shares Outstanding
= ZAR8,256.59 / 191.00
ZAR43.23
JSE:MTH Discount to Share Price
Calculation Result
Value per share (ZAR) From above. ZAR43.23
Current discount Discount to share price of ZAR27.60
= -1 x (ZAR27.60 - ZAR43.23) / ZAR43.23
36.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Motus Holdings is available for.
Intrinsic value
36%
Share price is ZAR27.6 vs Future cash flow value of ZAR43.23
Current Discount Checks
For Motus Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Motus Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Motus Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Motus Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Motus Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JSE:MTH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in ZAR ZAR9.98
JSE:MTH Share Price ** JSE (2020-04-02) in ZAR ZAR27.6
South Africa Specialty Retail Industry PE Ratio Median Figure of 12 Publicly-Listed Specialty Retail Companies 8.38x
South Africa Market PE Ratio Median Figure of 201 Publicly-Listed Companies 8.08x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Motus Holdings.

JSE:MTH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JSE:MTH Share Price ÷ EPS (both in ZAR)

= 27.6 ÷ 9.98

2.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Motus Holdings is good value based on earnings compared to the ZA Specialty Retail industry average.
  • Motus Holdings is good value based on earnings compared to the South Africa market.
Price based on expected Growth
Does Motus Holdings's expected growth come at a high price?
Raw Data
JSE:MTH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
9.7%per year
South Africa Specialty Retail Industry PEG Ratio Median Figure of 6 Publicly-Listed Specialty Retail Companies 0.92x
South Africa Market PEG Ratio Median Figure of 78 Publicly-Listed Companies 0.84x

*Line of best fit is calculated by linear regression .

JSE:MTH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 2.76x ÷ 9.7%

0.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Motus Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Motus Holdings's assets?
Raw Data
JSE:MTH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in ZAR ZAR62.21
JSE:MTH Share Price * JSE (2020-04-02) in ZAR ZAR27.6
South Africa Specialty Retail Industry PB Ratio Median Figure of 12 Publicly-Listed Specialty Retail Companies 1.18x
South Africa Market PB Ratio Median Figure of 271 Publicly-Listed Companies 0.67x
JSE:MTH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JSE:MTH Share Price ÷ Book Value per Share (both in ZAR)

= 27.6 ÷ 62.21

0.44x

* Primary Listing of Motus Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Motus Holdings is good value based on assets compared to the ZA Specialty Retail industry average.
X
Value checks
We assess Motus Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Motus Holdings has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Motus Holdings expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Motus Holdings expected to grow at an attractive rate?
  • Motus Holdings's earnings growth is expected to exceed the low risk savings rate of 8.6%.
Growth vs Market Checks
  • Motus Holdings's earnings growth is positive but not above the South Africa market average.
  • Motus Holdings's revenue growth is positive but not above the South Africa market average.
Annual Growth Rates Comparison
Raw Data
JSE:MTH Future Growth Rates Data Sources
Data Point Source Value (per year)
JSE:MTH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 9.7%
JSE:MTH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 4.9%
South Africa Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
South Africa Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
South Africa Market Earnings Growth Rate Market Cap Weighted Average 16%
South Africa Market Revenue Growth Rate Market Cap Weighted Average 8.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
JSE:MTH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
JSE:MTH Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 91,551 4,529 1
2022-06-30 91,936 4,185 2,113 5
2021-06-30 83,149 4,043 1,567 6
2020-06-30 81,639 4,172 1,509 6
2020-04-03
JSE:MTH Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-12-31 82,286 2,173 1,892
2019-09-30 80,999 2,458 1,880
2019-06-30 79,711 2,743 1,868
2019-03-31 78,367 2,827 2,070
2018-12-31 77,022 2,910 2,271
2018-09-30 77,012 3,606 2,309
2018-06-30 77,001 4,301 2,346
2017-06-30 66,129 1,337 1,605

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Motus Holdings's earnings are expected to grow by 9.7% yearly, however this is not considered high growth (20% yearly).
  • Motus Holdings's revenue is expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
JSE:MTH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Motus Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JSE:MTH Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30 11.72 12.68 10.83 3.00
2021-06-30 9.18 11.77 4.32 4.00
2020-06-30 8.61 10.52 4.50 4.00
2020-04-03
JSE:MTH Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-12-31 9.98
2019-09-30 9.75
2019-06-30 9.53
2019-03-31 10.43
2018-12-31 11.30
2018-09-30 11.46
2018-06-30 11.61
2017-06-30 7.95

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Motus Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Motus Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the South Africa market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the South Africa market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Motus Holdings has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Motus Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Motus Holdings's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Motus Holdings's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Motus Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Motus Holdings's 1-year earnings growth is negative, it can't be compared to the ZA Specialty Retail industry average.
Earnings and Revenue History
Motus Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Motus Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JSE:MTH Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 82,286.00 1,892.00 699.00
2019-09-30 80,998.50 1,880.00 699.00
2019-06-30 79,711.00 1,868.00 699.00
2019-03-31 78,366.50 2,069.50 629.00
2018-12-31 77,022.00 2,271.00 559.00
2018-09-30 77,011.50 2,308.50 559.00
2018-06-30 77,001.00 2,346.00 559.00
2017-06-30 66,129.00 1,605.00 329.00
2016-06-30 65,538.00 1,685.00 322.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Motus Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Motus Holdings used its assets more efficiently than the ZA Specialty Retail industry average last year based on Return on Assets.
  • Motus Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Motus Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Motus Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Motus Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Motus Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Motus Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Motus Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Motus Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Motus Holdings Company Filings, last reported 3 months ago.

JSE:MTH Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 11,941.00 9,587.00 788.00
2019-09-30 11,941.00 9,587.00 788.00
2019-06-30 11,838.00 7,660.00 1,042.00
2019-03-31 11,838.00 7,660.00 1,042.00
2018-12-31 12,130.00 8,478.00 788.00
2018-09-30 12,130.00 8,478.00 788.00
2018-06-30 11,644.00 7,637.00 1,737.00
2017-06-30 11,922.00 8,156.00 1,353.00
2016-06-30 12,009.00 7,627.00 881.00
  • Motus Holdings's level of debt (80.3%) compared to net worth is high (greater than 40%).
  • Unable to establish if Motus Holdings's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (22.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4x coverage).
X
Financial health checks
We assess Motus Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Motus Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Motus Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Motus Holdings dividends. Estimated to be 16.15% next year.
If you bought ZAR2,000 of Motus Holdings shares you are expected to receive ZAR0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Motus Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Motus Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
JSE:MTH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
South Africa Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 7.1%
South Africa Market Average Dividend Yield Market Cap Weighted Average of 170 Stocks 5.5%
South Africa Minimum Threshold Dividend Yield 10th Percentile 2.6%
South Africa Bottom 25% Dividend Yield 25th Percentile 4.6%
South Africa Top 25% Dividend Yield 75th Percentile 13.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

JSE:MTH Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 4.73 1.00
2022-06-30 5.19 5.00
2021-06-30 4.33 6.00
2020-06-30 3.93 6.00
2020-04-03
JSE:MTH Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2020-03-24 0.000 0.000
2019-09-30 5.000 6.950
2019-08-28 5.000 6.959
2019-02-26 4.800 5.976

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Motus Holdings has not reported any payouts.
  • Unable to verify if Motus Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Motus Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Motus Holdings has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Motus Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Motus Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Motus Holdings has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Motus Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Osman Arbee
COMPENSATION ZAR29,613,000
AGE 60
TENURE AS CEO 3.1 years
CEO Bio

Mr. Osman Suluman Arbee, BAcc, CA(SA), HDip Tax serves as Chief Executive Officer and Executive Director of Motus Holdings Limited since March 1, 2017 and October 12, 2017 respectively. Mr. Arbee was Executive Director at Imperial Logistics Limited (formerly known as Imperial Holdings Limited) from May 01, 2018 to November 22, 2018. Mr. Arbee has been the Chief Executive Officer of Motus Corporation since 1 March 2017. He served as Group CEO at Imperial Holdings Limited from May 01, 2018 to August 2018. He served as the Group Chief Financial Officer of Imperial Holdings Limited since July 1, 2013 until February 28, 2016. Mr. Arbee served as Chief Executive Officer of Imperial Car Rental & Tourism at Imperial Bank Limited. Mr. Arbee served as the Chairman of the Motor Dealerships and Automotive Parts Distribution divisions at Imperial Holdings Limited. Mr. Arbee was responsible for Enterprise and Business Development for Imperial Holdings Limited and was Imperial's representative on the board of Ukhamba, the Group's empowerment partner. He served as Deputy Chief Executive Officer of Car Rental and Tourism of Imperial Holdings Ltd. since August 1, 2005. Mr. Arbee was a Senior Partner at Deloitte & Touche. He joined Imperial on September 1, 2004. He has been a Director of Motus Australia Pty Limited since June 30, 2017 and Imperial Logistics (Pty) Ltd since February 8, 2016. He serves as Director of Imperial Group Limited. He serves as a Director of Motus Group Limited and Ukhamba Holdings (Pty) Limited. He is a Non Executive Director of IBL Asset Finance and Services Limited (also known as Imperial Bank Limited). He served as an Independent Non Executive Director of Distribution and Warehousing Network Limited from December 15, 2004 to February 13, 2015. He was a Director of Tourvest Limited from November 1, 2004 to June 30, 2006.

CEO Compensation
  • Osman's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Osman's remuneration is higher than average for companies of similar size in South Africa.
Management Team Tenure

Average tenure and age of the Motus Holdings management team in years:

2.8
Average Tenure
46
Average Age
  • The tenure for the Motus Holdings management team is about average.
Management Team

Osman Arbee

TITLE
CEO & Executive Director
COMPENSATION
ZAR30M
AGE
60
TENURE
3.1 yrs

Ockert Van Rensburg

TITLE
CFO & Executive Director
COMPENSATION
ZAR14M
AGE
46
TENURE
2.5 yrs

Kerry Hitzinger-Cassel

TITLE
CEO of Motor-Related Financial Services & Executive Director
COMPENSATION
ZAR9M
AGE
45

Corne Venter

TITLE
CEO of Retail & Rental South Africa
COMPENSATION
ZAR12M
AGE
43
TENURE
1.1 yrs

Nicole Varty

TITLE
Group Investor Relations Manager

Michelle Seroke

TITLE
Chief People Officer
AGE
48
TENURE
2.8 yrs

Malcolm Perrie

TITLE
CEO of Aftermarket Parts
AGE
60

Berenice Francis

TITLE
Corporate Affairs Executive and Head of Risk & Sustainability
AGE
43
TENURE
1.4 yrs

Jaco Oosthuizen

TITLE
CEO of Renault South Africa
AGE
47
TENURE
2.8 yrs

Gary Scott

TITLE
CEO of Kia Motors South Africa
AGE
44
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Motus Holdings board of directors in years:

1.7
Average Tenure
60
Average Age
  • The average tenure for the Motus Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Graham Dempster

TITLE
Independent Non Executive Chairman
COMPENSATION
ZAR1M
AGE
63

Osman Arbee

TITLE
CEO & Executive Director
COMPENSATION
ZAR30M
AGE
60
TENURE
2.5 yrs

Oshy Tugendhaft

TITLE
Deputy Non Executive Chairman of the Board
COMPENSATION
ZAR710K
AGE
71

Ockert Van Rensburg

TITLE
CFO & Executive Director
COMPENSATION
ZAR14M
AGE
46
TENURE
3.3 yrs

Kerry Hitzinger-Cassel

TITLE
CEO of Motor-Related Financial Services & Executive Director
COMPENSATION
ZAR9M
AGE
45
TENURE
2.8 yrs

Saleh Mayet

TITLE
Independent Non Executive Director
COMPENSATION
ZAR564K
AGE
62
TENURE
1.4 yrs

Keneilwe Moloko

TITLE
Independent Non Executive Director
COMPENSATION
ZAR345K
AGE
50
TENURE
1.4 yrs

Phumzile Langeni

TITLE
Independent Non Executive Director
COMPENSATION
ZAR380K
AGE
44
TENURE
1.7 yrs

Roddy Sparks

TITLE
Independent Non Executive Director
COMPENSATION
ZAR2M
AGE
60

JJ Ntabankulu Njeke

TITLE
Independent Non Executive Director
AGE
61
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (ZAR) Value (ZAR)
X
Management checks
We assess Motus Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Motus Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Motus Holdings Limited operates in the automotive sector in South Africa, the United Kingdom, Australia, South East Asia, and Southern and East Africa. It operates through four segments: Import and Distribution, Retail and Rental, Motor-Related Financial Services, and Aftermarket Parts. The Import and Distribution segment imports and distributes passenger and light commercial vehicles and parts to a network of dealerships, car rental companies, fleets, and government institutions in South Africa. The Retail and Rental segment sells passenger and commercial vehicles in various segments. It has 77 pre-owned dealerships, 226 passenger vehicle dealerships, and 18 commercial vehicle dealerships in South Africa; 90 commercial dealerships and 29 passenger dealerships in the United Kingdom; and 28 passenger vehicle dealerships in Australia. This segment also rents cars under the Europcar and Tempest brands; and sells used cars under the Auto Pedigree brand. The Motor-Related Financial Services segment develops and distributes various vehicle related financial products and services through importers and distributors, dealers, vehicle finance houses, call centers, and digital channels. It manages and administers service, maintenance, and warranty plans; and develops and sells value added products and services. This segment also provides fleet management services to corporate customers. The Aftermarket Parts segment distributes, sells, and retails accessories and aftermarket parts for out-of-warranty vehicles through owned branches, retail stores, a network of franchised outlets, and specialised workshops. It operates 797 retail stores, including 72 owned stores in Southern Africa and South East Asia. The company is also involved in the property investment activities. Motus Holdings Limited was incorporated in 2017 and is based in Bedfordview, South Africa.

Details
Name: Motus Holdings Limited
MTH
Exchange: JSE
Founded: 2017
ZAR5,271,600,000
191,000,000
Website: http://www.motuscorp.co.za
Address: Motus Holdings Limited
1 Van Buuren Road,
Corner Geldenhuis Road and Van Dort Street,
Bedfordview,
Gauteng, 2008,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE MTH Share Capital The Johannesburg Securities Exchange ZA ZAR 22. Nov 2018
OTCPK MOTU.Y SPONSORED ADS Pink Sheets LLC US USD 30. Nov 2018
Number of employees
Current staff
Staff numbers
18,600
Motus Holdings employees.
Industry
Automotive Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 18:24
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.