Mustek (JSE:MST) Enterprise Value: R596 Mil (As of Jun. 29, 2026) ***


JSE:MST Mustek Ltd JSE:MST
73 GF Score
Price R14.91
GF Value R12.58
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Mustek Enterprise Value?

Mustek JSE:MST +2.40% 73 Enterprise Value is R596 Mil as of Jun. 29, 2026. GuruFocus rates JSE:MST with a GF Score™ of 73/100 and a GF Value™ of R12.58 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Mustek's Enterprise Value is R596 Mil. Mustek's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was R203 Mil. Therefore, Mustek's EV-to-EBIT ratio for today is 2.94.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Mustek's Enterprise Value is R596 Mil. Mustek's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was R203 Mil. Therefore, Mustek's EV-to-EBITDA ratio for today is 2.94.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Mustek's Enterprise Value is R596 Mil. Mustek's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was R7,098 Mil. Therefore, Mustek's EV-to-Revenue ratio for today is 0.08.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Mustek's Enterprise Value is R596 Mil. Mustek's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was R127 Mil. Therefore, Mustek's EV-to-OCF ratio for today is 4.69.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Mustek's Enterprise Value is R596 Mil. Mustek's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was R116 Mil. Therefore, Mustek's EV-to-FCF ratio for today is 5.13.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Mustek  (JSE:MST) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Mustek's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=595.747/202.912
=2.94

Mustek's current Enterprise Value is R596 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Mustek's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was R203 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Mustek's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=595.747/202.912
=2.94

Mustek's current Enterprise Value is R596 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Mustek's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was R203 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Mustek's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=595.747/7097.689
=0.08

Mustek's current Enterprise Value is R596 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Mustek's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was R7,098 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Mustek's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=595.747/126.899
=4.69

Mustek's current Enterprise Value is R596 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Mustek's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was R127 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Mustek's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=595.747/116.019
=5.13

Mustek's current Enterprise Value is R596 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Mustek's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was R116 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mustek Enterprise Value Related Terms


Mustek Enterprise Value Historical Data

* Premium members only.

The historical data trend for Mustek's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mustek Enterprise Value Chart

Mustek Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,644.07 2,724.91 3,013.31 2,333.28 1,835.43

Mustek Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,222.47 2,333.28 679.00 1,835.43 578.97

JSE:MST vs SNDK, DELL, STX: Enterprise Value Comparison

For the Computer Hardware subindustry, Mustek's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mustek Enterprise Value vs Hardware Industry

For the Hardware industry and Technology sector, Mustek's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Mustek's Enterprise Value falls into.


JSE:MST
73GF Score
Mustek Ltd JSE:MST
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mustek Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Mustek's Enterprise Value for the fiscal year that ended in Jun. 2025 is calculated as

Mustek's Enterprise Value for the quarter that ended in Dec. 2025 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of R596 Mil mean?
Mustek (JSE:MST) has a Enterprise Value of R596 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Mustek and its competitors.
Is Mustek's Enterprise Value too high?
Mustek's current Enterprise Value is R596 Mil. Overall, Mustek has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mustek's Enterprise Value compare to SNDK and DELL?
Mustek's Enterprise Value of R596 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Hardware company?
A good Enterprise Value depends on the Hardware industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Mustek and its competitors. Mustek's current Enterprise Value is R596 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mustek stock overvalued right now?
Based on GuruFocus' analysis, Mustek (JSE:MST) is currently considered Modestly Overvalued. The stock's GF Value™ is R12.58, compared to a current price of R14.91 — trading 18.5% above its estimated fair value. The current Enterprise Value is R596 Mil. Mustek's overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Mustek (JSE:MST), the current Enterprise Value is R596 Mil as of Jun. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mustek (JSE:MST) Overvalued in 2026?

Based on GuruFocus' analysis, Mustek stock appears to be overvalued. The current stock price of R14.91 is trading 18.5% above its estimated GF Value™ of R12.58. GuruFocus considers Mustek to be Modestly Overvalued.

Key valuation signals for JSE:MST:

  • Enterprise Value: R596 Mil
  • GF Value™: R12.58 vs. price of R14.91 (18.5% above fair value)
  • GF Score™: 73/100 with 7 warning signs

No single metric tells the full story. See the JSE:MST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mustek Business Description

Address 322 15th Road, Randjespark, Midrand, GT, ZAF, 1685
Mustek Ltd is an assembler and distributor of personal computers and complementary Information and Communication Technology (ICT) products in South Africa. The company's segments include Mustek, Rectron, MIE, and the Group. Mustek includes assembly and distribution of computer products and peripherals, including Mecer-branded products and related services. Rectron includes the distribution of computer components and peripherals. Mecer Inter-Ed (MIE) includes a training provider of accredited training programmes, and the group includes investments in associates and other investments, and loans. Geographically, operates in the region of South Africa. It derives a substantial part of its revenue from the Mustek segment.
73GF Score

Get the complete analysis for JSE:MST

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R14.91
Price
R12.58
GF Value