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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mustek's retained earnings for the quarter that ended in Dec. 2025 was R1,583 Mil.
Mustek's quarterly retained earnings
increased
from Dec. 2024 (R1,519 Mil) to Jun. 2025 (R1,545 Mil) and
increased
from Jun. 2025 (R1,545 Mil) to Dec. 2025 (R1,583 Mil).
Mustek's annual retained earnings
declined
from Jun. 2023 (R1,563 Mil) to Jun. 2024 (R1,511 Mil) but then
increased
from Jun. 2024 (R1,511 Mil) to Jun. 2025 (R1,545 Mil).
Mustek (JSE:MST) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Mustek Retained Earnings Historical Data
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The historical data trend for Mustek's Retained Earnings 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.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Mustek (JSE:MST) has a Retained Earnings of R1,583 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Mustek and its competitors.
Is Mustek's Retained Earnings too high?
Mustek's current Retained Earnings is R1,583 Mil. Overall, Mustek has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mustek's Retained Earnings compare to SNDK and DELL?
Mustek's Retained Earnings of R1,583 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 Retained Earnings for a Hardware company?
A good Retained Earnings depends on the Hardware industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Mustek and its competitors. Mustek's current Retained Earnings is R1,583 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 R12.56, compared to a current price of R15.00 — trading 19.4% above its estimated fair value. The current Retained Earnings is R1,583 Mil. Mustek's overall GF Score™ is 77/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Mustek (JSE:MST), the current Retained Earnings is R1,583 Mil as of Dec. 2025. 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 R15.00 is trading 19.4% above its estimated GF Value™ of R12.56.
GuruFocus considers Mustek to be Modestly Overvalued.
Key valuation signals for JSE:MST:
Retained Earnings: R1,583 Mil
GF Value™: R12.56 vs. price of R15.00 (19.4% above fair value)
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 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.
77GF Score
Get the complete analysis for JSE:MST
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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