- Despite a slowdown from COVID, MiX's track record of growth coupled with their growing bundled solution suggest reasonable upside ahead.
- Given their cash flow dynamics, management's demonstrated competence at capital allocation, and the contractual nature of demand, the downside is seemingly protected at these levels.
- With high incremental margins on top of HSD%+ expected top-line growth, MiX's current valuation of under 8x EBITDA ($14.3/share) provides a favorable risk/reward with 3-year upside of $20+ per share.
For further details see:
MiX Telematics Showing Continued Strength Of Their Solutions