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General information

Sector: Technology

The company is available at Interactive Brokers

Datatec (JSE:DTC) is a leading international ICT group that is uniquely positioned to take advantage of best-in-class solutions in information security, networking, unified communications, cloud and data centre technologies.

The Group’s operating divisions act as industry intermediaries in the ICT supply chain, enabling IT users to gain access to a broad range of advanced technology solutions and professional services in order to implement and maintain secure complex IT networking, unified communications, cloud and data centre infrastructures.

Through its divisions, the Group addresses three key areas in the ICT supply chain:

Technology Distribution - Westcon International

Westcon is a value-added distributor of category-leading solutions in security, unified communications and collaboration, network infrastructure and data centre technologies

Integration and Managed Services - Logicalis

Logicalis is a leading provider of global IT solutions and managed services

Consulting and Research - Analysys Mason

Analysys Mason is a provider of strategic, trusted advisory, business modelling and market intelligence services to the telecoms, IT and digital media industries.

The Group has partnerships with a portfolio of leading vendors in the industry.



  • Good financial results growth rate 17.4% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (-0.0%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 20.6% (LTM)
  • Share price is 61.6% higher than minimum and 20.5% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (6.1x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (+1.9%)38.05
Share price, USD: 2.06
Common stocks: 229 451 138

Dividend Yield:  0.0%
FCF Yield LTM: 20.6%
EV / LTM EBITDA: 6.1x
Last revenue growth (y/y):  +13.3%
Last growth of EBITDA (y/y):  +21.5%
Historical revenue growth:  +8.0%
Historical growth of EBITDA:  -8.2%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 473
Net Debt ($m): 235
EV (Enterprise Value): 708
EBITDA LTM ($m): 116
EV / LTM EBITDA: 6.1x
Price to Book: 0.85x

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

TechCentral Headlines

Remembering Mustek’s David Kan … next on TCS Legends

The focus of the next episode of TechCentral’s TCS Legends is on David Kan, the late founder and CEO of Mustek.

2024-03-11 15:54 +02:00
by TCS Legends

JSE:AVI JSE:JSE JSE:DTC JSE:MPT JSE:MST

TCS Legends | Duarte da Silva on Alan Knott-Craig, Bill Venter, Roux Marnitz and Jens Montanana

Roux Marnitz, Bill Venter, Alan Knott-Craig and Jens Montanana are in the spotlight in episode 2 of TCS Legends.

2024-03-04 12:19 +02:00
by TCS Legends

JSE:VOD JSE:DTC JSE:MPT

Coming this Monday on TechCentral’s TCS Legends…

The second episode of TechCentral’s new video podcast series, TCS Legends, goes live on Monday. Here’s what’s coming.

2024-02-27 08:36 +02:00
by TCS Legends

JSE:VOD JSE:DTC JSE:MPT

TCS Legends | Duarte da Silva on five South African tech legends

Well-known investor and businessman Duarte da Silva joins TCS Legends to discuss Jeremy Ord, Roux Marnitz, Alan Knott-Craig, Jens Montanana and Bill Venter.

2024-02-19 14:07 +02:00
by TCS Legends

JSE:VOD JSE:AVI JSE:JSE JSE:DTC JSE:MPT

Ex-MTN South Africa CEO Godfrey Motsa joins Cell C board

In a surprise development, Cell C has appointed Godfrey Motsa and Maya Makanjee to its board of directors.

2023-06-14 09:57 +02:00
by Duncan McLeod

JSE:MTN JSE:VOD JSE:JSE JSE:DTC JSE:BLU

Windfall for Datatec shareholders

Datatec has announced it will pay a special dividend to shareholders of £135.1-million stemming from its sale of Analysys Mason.

2022-10-11 10:44 +02:00
by Duncan McLeod

JSE:JSE JSE:DTC JSE:MPT

Datatec to sell Analysys Mason for as much as R4.1-billion

JSE-listed Datatec has agreed to sell its Analysys Mason business for as much as £210-million, with the proceeds to flow directly to the group’s shareholders.

2022-06-30 16:00 +02:00
by Duncan McLeod

JSE:JSE JSE:DTC JSE:ISA

Datatec in talks over Analysys Mason unit

As part of an effort to unlock shareholder value, Datatec is in talks about a potential transaction involving its Analysys Mason subsidiary.

2022-05-24 09:05 +02:00
by Duncan McLeod

JSE:JSE JSE:DTC JSE:MPT JSE:ISA

Ericsson is latest tech company to move to Waterfall hub

Ericsson is the latest company to move to Johannesburg’s fast-growing Waterfall development, near Midrand, as the area increasingly attracts growing interest from tech firms.

2022-02-14 15:36 +02:00
by Lungile Msomi

JSE:DTC

Datatec sees robust growth, declares special dividend

JSE-listed global technology group Datatec is firing on all cylinders, if it’s interim results for the six months to 31 August are anything to go by.

2021-10-28 19:26 +02:00
by Duncan McLeod

JSE:JSE JSE:DTC JSE:MPT JSE:ISA

South Africa is sitting out the global, tech-led listings boom

A global surge in initial public offerings, especially in the technology sector, has so far eluded sub-Saharan Africa.

2021-09-16 10:36 +02:00
by Agency Staff

JSE:MTN JSE:SBK JSE:AVI JSE:JSE JSE:DTC

Board shake-up at Telkom

Less than a year after joining Telkom’s board, former Openserve CEO Alphonzo Samuels has resigned as a non-executive director. The company has also appointed two new directors.

2021-07-02 12:22 +02:00
by Staff Reporter

JSE:FSR JSE:OMU JSE:TCP JSE:TBS JSE:BAW JSE:TKG JSE:MSM JSE:DTC JSE:SBP JSE:ISA

Datatec’s Logicalis buys 5G integrator Siticom

Logicalis, the IT services arm of JSE-listed technology multinational Datatec, said on Wednesday that it has acquired Siticom, a “network transformation and modernisation specialist”, for an undisclosed sum.

2021-06-02 06:58 +02:00
by Staff Reporter

JSE:JSE JSE:DTC JSE:ISA

Datatec’s Logicalis unit buys majority stake in iZeno

JSE-listed international technology group Datatec said on Thursday that its subsidiary Logicalis Group has bought a 65% stake in Singapore’s iZeno, a specialist in digital transformation solutions.

2020-11-05 06:22 +02:00
by Staff Reporter

JSE:JSE JSE:DTC JSE:ISA

Datatec reports strong results, says it’s bucking virus crisis

JSE-listed international technology group Datatec has reported strong full-year results for the year ended February 2020, though the good performance happened before the impact of the Covid-19 pandemic.

2020-05-27 06:46 +02:00
by Duncan McLeod

JSE:AVI JSE:JSE JSE:DTC JSE:MPT JSE:ISA

Datatec eyes Latin American listing for Logicalis

JSE-listed technology services group Datatec is exploring the possibility of listing the Latin American arm of its Logicalis subsidiary on the Brazilian stock exchange, B3.

2020-03-02 15:29 +02:00
by Staff Reporter

JSE:JSE JSE:DTC JSE:ISA

Datatec unit in two European acquisitions

Logicalis Group, a subsidiary of JSE-listed technology group Datatec, has acquired two companies in Europe.

2019-09-03 08:17 +02:00
by Staff Reporter

JSE:JSE JSE:DTC

Datatec unit buys SA IT services firm Mars Technologies

Datatec subsidiary Logicalis Group has acquired Mars Technologies, an IT services company with offices in Cape Town, Johannesburg, Durban, Port Elizabeth and East London employing 76 people.

2019-07-08 08:59 +02:00
by Staff Reporter

JSE:DTC

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Releases

2022-08-08
Logicalis acquires Q associates
2022-08-05
Category 1 disposal: distribution of circular and notice of general meeting
2022-07-27
Report on proceedings at the annual general meeting
2022-07-21
Dealing in securities by directors and the company secretary
2022-07-18
Results of the cash dividend and the scrip distribution alternative
2022-07-14
Cash payment applicable to the scrip distribution
2022-07-12
Share based payment grants and dealings in securities by directors and the company secretary
2022-07-08
Share incentive schemes: Dealings in securities by the company, directors and the company secretary
2022-07-05
Ratio applicable to the scrip distribution
2022-06-30
Category 1 Transaction Announcement and Withdrawal of Cautionary: Sale of Analysys Mason for up to GBP 210 million
2022-06-21
Availability of annual report and no change statement; notice of annual general meeting
2022-06-13
Board changes
2022-06-02
Distribution of circular to shareholders
2022-05-25
Broad-Based Black Economic Empowerment: Annual compliance report
2022-05-24
Provisional audited results for year ended 28 February 2022 - cash dividend with scrip alternative of $15 million
2022-05-24
Cautionary announcement
2022-05-11
Trading statement
2022-05-03
Analysys Mason acquires Northern Sky Research
2022-03-16
Trading update for the year ended 28 February 2022
2022-03-02
Share incentive schemes: dealings in securities by the company
2022-03-01
Westcon Europe - Banking facilities increase
2022-02-22
Board chair and committee changes
2022-02-18
Share incentive schemes: Dealings in securities by the Company
2022-02-14
Share incentive schemes: Dealings in securities by the Company
2022-02-03
Board change: Appointment of Deepa Sita
2021-12-03
Dealing in securities by a director and the company secretary
2021-11-29
Results of the special cash dividend and the scrip distribution alternative
2021-11-25
Engagement with shareholders
2021-11-25
Cash payment applicable to the scrip distribution
2021-11-16
Ratio applicable to the scrip distribution

SENS Announcements

2024-05-02
Trading Statement
2024-04-26
Notification of change in a major interest in Datatec Shares
2024-03-27
Trading Update for the year ended 29 February 2024
2024-02-28
DEALINGS IN SECURITIES BY A DIRECTOR
2024-02-27
Dealings in Securities by a Director
2024-02-23
DEALINGS IN SECURITIES BY A DIRECTOR
2024-02-22
DEALINGS IN SECURITIES BY A DIRECTOR
2024-02-13
Dealings in securities by a director and the Company secretary
2024-02-06
Dealings in Securities by Company Secretary
2024-01-30
Dealings in securities by Company secretary
2024-01-24
Dealings in Securities by the Company
2024-01-22
Westcon acquires AWS Solution Provider and Consultancy Rebura
2024-01-19
Dealings in securities by the Company
2024-01-12
Dealings in securities by the Company
2023-12-08
Dealings in Securities by a Director
2023-12-04
Acquisition of a majority stake in Mason Advisory
2023-11-24
Dealings in Securities by Company Secretary
2023-11-21
Dealings in Securities by Company Secretary
2023-11-01
Change in important functions of Directors
2023-10-23
Condensed unaudited interim results for the six months ended 31 August 2023
2023-10-05
Trading statement for the six months ended 31 August 2023
2023-10-02
Board Change: Appointment of Sabine Everaet
2023-07-27
Report on proceedings at the Annual General Meeting
2023-07-21
Dealing in Securities by Directors and the Company Secretary
2023-07-17
Results of the cash dividend and the scrip distribution alternative
2023-07-13
Cash payment applicable to fractional entitlements in terms of the Scrip Distribution
2023-07-04
Ratio applicable to the Scrip Distribution
2023-06-28
Availability of annual report and no change statement; Notice of annual general meeting
2023-06-22
Board change - Retirement of John McCartney
2023-06-22
Change in important function as Director
2023-06-12
Dealings in Securities by the DBW Plan, further information
2023-06-07
Dealings in Securities by Director
2023-06-02
Dealings in securities by the DBW Plan, directors and the company secretary
2023-06-02
Share Based Payment grants and dealings in securities by directors and the company secretary
2023-06-02
Share Incentive Schemes vesting: dealings in securities by directors and the company secretary
2023-06-01
Distribution of circular to shareholders
2023-05-29
Broad-Based Black Economic Empowerment: annual compliance report
2023-05-23
Provisional audited results for the year ended 28 February 2023 - Cash dividend with scrip alternative
2023-05-18
Trading Statement
2023-03-27
Trading Update for the year ended 28 February 2023
2023-02-08
Dealings in Securities by the Company
2023-01-24
Availability of Westcon International Investor Presentation
2022-12-12
Notification of change in beneficial interest in Datatec shares
2022-12-08
Notification of change in beneficial interest in Datatec shares
2022-12-07
Notification of change in beneficial interest in Datatec shares
2022-12-07
Notification of change in beneficial interest in Datatec shares
2022-12-06
Dealing in securities by directors and the company secretary
2022-12-05
Results of the special cash dividend and the scrip distribution alternative
2022-12-01
Cash payment applicable to the scrip distribution
2022-11-22
Finalisation announcement - ratio applicable to the scrip distribution and receipt of exchange control approval
2022-11-14
Dealings in securities by company secretary
2022-11-03
Condensed unaudited interim results for the six months ended 31 August 2022
2022-11-02
Change to important function of a director
2022-10-19
Distribution of circular to shareholders
2022-10-11
Trading statement for the six months ended 31 August 2022
2022-10-11
Declaration of a special dividend of R12.50 and scrip distribution alternative
2022-09-27
Completion of the Sale of Analysys Mason
2022-09-02
Report on proceedings at the general meeting
2022-08-23
Dealings in securities by company secretary
2022-08-16
Dealings in securities by the DBW Plan, directors and the company secretary
2022-08-08
Logicalis acquires Q associates
2022-08-05
Category 1 disposal: distribution of circular and notice of general meeting
2022-07-27
Report on proceedings at the annual general meeting
2022-07-21
Dealing in securities by directors and the company secretary
2022-07-18
Results of the cash dividend and the scrip distribution alternative
2022-07-14
Cash payment applicable to the scrip distribution
2022-07-12
Share based payment grants and dealings in securities by directors and the company secretary
2022-07-08
Share incentive schemes: Dealings in securities by the company, directors and the company secretary
2022-07-05
Ratio applicable to the scrip distribution
2022-06-30
Category 1 Transaction Announcement and Withdrawal of Cautionary: Sale of Analysys Mason for up to GBP 210 million
2022-06-21
Availability of annual report and no change statement; notice of annual general meeting
2022-06-13
Board changes
2022-06-02
Distribution of circular to shareholders
2022-05-25
Broad-Based Black Economic Empowerment: Annual compliance report
2022-05-24
Provisional audited results for year ended 28 February 2022 - cash dividend with scrip alternative of $15 million
2022-05-24
Cautionary announcement
2022-05-11
Trading statement