Datatec Ltd DTTLY

Information TechnologySoftware & IT ServicesSouth Africa

Last close 9.48 USD on Nov 2, 2026, +5.3% year to date

Quant rating

Quant rating C Rank 111 of 200 in Information Technology

Growth D 159 of 200
Valuation A 6 of 200
Quality D 183 of 200
Revisions C 97 of 200
Momentum B 49 of 200

Wall Street consensus Average target 5.17 USD −45.5%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.2B
Enterprise value: 1.3B
52-week range: 6.94 – 10.75
3-year range: 3.22 – 10.75
Dividend yield: 6.05%
Beta (5 years): –
Shares outstanding: 338M
Next earnings: May 24, 2027

About the company

Datatec Limited is a South Africa-based international information and communication technology (ICT) solutions and services company. The Company’s business is divided into three divisions: Westcon International, Logicalis International, and Logicalis Latin America. Westcon International is a technology provider and distributor of cybersecurity, network infrastructure, cloud collaboration products, data center solutions, and channel support services. Its Logicalis International and Logicalis Latin America is a digital transformation enabler and cloud managed services provider. Its products and services include ICT infrastructure solutions, digital enablement services, security, collaboration, networking and data center products, and solutions. It operates in approximately 50 countries across North America, Latin America, Europe, Africa, the Middle East, and Asia-Pacific. Its subsidiaries include Westcon Africa (Kenya) Limited, Fortum Fibre AS, Logicalis GmbH, and Esource Resources, LLC.

Growth and profitability fiscal year ends February 28

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	3,670	3,552	3,992	5,143	4,546	–
Revenue growth	3.3%	−11.0%	−22.4%	13.1%	10.6%	−2.2%
EPS (basic, normalized)	0.39	0.25	0.20	0.08	0.18	–
EPS growth	56.7%	26.7%	156.6%	−58.2%	–	–
Gross margin	27.2%	25.6%	21.6%	14.5%	16.1%	21.0%
Net margin	2.5%	1.7%	1.1%	−0.7%	0.6%	1.0%
ROE	17.3%	11.6%	9.4%	−7.1%	4.9%	7.2%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	3,670	+3.3%	0.3x	269	+15.2%	4.7x	0.39	+56.7%	24.5x
2027	3,835	+4.5%	0.3x	330	+22.6%	3.9x	0.46	+19.1%	20.6x
2028	3,999	+4.3%	0.3x	357	+8.2%	3.6x	0.47	+0.9%	20.4x
2029	4,163	+4.1%	0.3x	383	+7.3%	3.3x	0.53	+12.9%	18.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	3,835	0.0%	0.0%	−2.9%	0.46	0.0%	−0.5%	−5.8%
2028	3,999	0.0%	0.0%	−2.9%	0.47	0.0%	−4.8%	−14.8%
2029	4,163	0.0%	0.0%	–	0.53	0.0%	−2.8%	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Software & IT Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
DTTLY Datatec Ltd	1.2B	–	2.5%	1.55x	20.6x	20.4x	3.9x	3.6x
VYX NCR Voyix Corporation	1.2B	2.52x	0.8%	1.08x	9.7x	8.7x	5.3x	5.0x
GDRX GoodRx Holdings, Inc.	1.2B	0.70x	3.8%	1.86x	11.7x	10.1x	5.7x	5.4x
LZ LegalZoom.com, Inc.	1.2B	−0.97x	2.0%	9.13x	9.5x	8.4x	5.3x	4.9x
WBTN Webtoon Entertainment Inc	1.2B	−27.61x	−25.0%	1.01x	−31.3x	177.6x	26.2x	12.6x
VNET VNET Group, Inc.	1.2B	8.38x	−2.6%	1.39x	−4.1x	148.5x	8.8x	6.9x
Mean		−3.39x	−3.1%	2.67x	2.7x	62.3x	9.2x	6.4x
Median		0.70x	1.4%	1.47x	9.6x	15.2x	5.5x	5.2x

Technical analysis

1M0.0%
3M+5.0%
1Y+25.6%
3Y+137.0%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Datatec Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	3,670	3,552	3,992	5,143	4,546	4,109
Cost of revenue	2,672	2,642	3,130	4,399	3,817	3,419
Gross profit	998	910	862	745	730	691
Selling, general & administrative expenses	555	522	505	514	17.4	16.9
Research & development	–	–	–	–	–	–
Depreciation/amortization	62.9	61.4	61.2	68.1	68.5	68.7
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	10.0	11.5	3.0	26.8	0	22.4
Other operating expenses	163	156	177	117	569	533
Operating income	206	159	116	18.5	75.0	50.0
Net interest income (expense)	−43.5	−55.6	−40.0	−38.6	−30.9	−24.8
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0.4	0.1	0	0	0.1
Net income before taxes	163	104	76.5	−20.0	44.0	25.2
Provision for taxes	54.0	34.7	25.5	13.4	9.5	19.5
Minority interest	−17.0	−10.1	−5.1	−3.2	−6.4	−3.1
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	91.8	59.2	45.8	−36.6	28.1	2.6
Extraordinary items	–	–	–	117	5.8	0
Net income	91.8	59.2	45.8	80.3	33.9	2.6
EBIT, normalized	217	171	121	44.8	74.9	73.4
EBITDA, normalized	279	233	182	113	143	142
Basic EPS, normalized	0.39	0.25	0.20	0.08	0.18	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Datatec Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	704	585	573	589	454	489
Receivables	2,380	2,020	1,811	1,810	1,459	1,341
Total inventory	273	270	325	411	309	242
Prepaid expenses	167	168	172	197	168	166
Other current assets	40.4	3.8	4.2	8.7	8.6	5.5
Total current assets	3,565	3,047	2,885	3,016	2,399	2,243
Property, plant & equipment	95.1	102	91.8	89.3	113	135
Goodwill	290	274	281	245	263	256
Intangibles	60.4	60.0	55.1	47.8	57.5	59.0
Long-term investments	1.5	1.5	4.5	6.5	13.5	13.1
Note receivable	545	406	232	141	96.5	36.5
Other long-term assets	87.6	82.1	83.9	80.3	70.0	55.8
Total assets	4,645	3,973	3,633	3,626	3,012	2,797
Liabilities
Accounts payable	1,896	1,671	1,510	1,515	1,113	993
Payable/accrued	–	–	–	–	–	–
Accrued expenses	510	434	401	454	358	337
Short-term debt	140	193	179	196	167	131
Current portion of long-term debt	485	337	428	408	299	298
Other current liabilities	425	305	277	296	215	221
Total current liabilities	3,456	2,941	2,796	2,870	2,152	1,980
Long-term debt	77.6	89.7	84.7	87.0	118	120
Minority interest	78.2	73.7	67.9	60.3	67.5	57.5
Other liabilities	493	348	184	137	111	56.4
Total liabilities	4,105	3,452	3,132	3,154	2,449	2,214
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	199	156	145	138	149	115
Additional paid-in capital	–	–	–	–	–	–
Retained earnings (accumulated deficit)	550	535	507	481	553	597
Treasury stock	–	–	–	–	–	–
Other equity	−209	−170	−151	−147	−138	−129
Total equity	540	521	501	472	563	583
Total liabilities & shareholders' equity	4,645	3,973	3,633	3,626	3,012	2,797

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Datatec Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	163	104	76.5	98.4	50.9	25.2
Depreciation, depletion & amortization	62.9	61.4	61.2	69.0	72.4	68.7
Deferred taxes	–	–	–	–	–	–
Non-cash items	−4.2	55.9	30.1	24.2	50.2	60.6
Changes in working capital	−105	−31.6	−74.8	−81.0	−134	17.5
Cash from operations	116	190	93.0	111	39.2	172
Investing activities
Capital expenditures	−26.9	−26.4	−39.5	−36.7	−24.8	−35.1
Other investing cash flows	5.7	0.7	−17.0	113	−16.8	0.9
Cash from investing	−21.2	−25.7	−56.5	76.5	−41.6	−34.2
Financing activities
Financing cash flow items	0.5	−22.1	−6.2	−4.6	−1.7	−117
Cash dividends paid	−20.7	−12.4	−13.9	−154	−43.1	0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	60.7	−149	−8.4	67.7	−18.8	132
Cash from financing	40.5	−184	−28.5	−91.3	−63.7	14.9
Foreign exchange effects	20.2	1.1	−5.2	1.0	3.3	−6.3
Net change in cash	156	−18.8	2.8	96.8	−62.8	146
Free cash flow	89.6	163	53.5	74.0	14.3	137

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.