Pointer Telocation (PNTR)

Business description

Pointer Telocation (PNTR) is a leading provider of MRM services and products to the automotive and insurance industries. Key services are asset tracking, fleet management and monitoring goods in transit/IoT. Its main markets are Israel, Brazil, Argentina, Mexico and Europe.

Stock data

Market cap.US$71.8m
Last closeUS$9.20
High / Low (52 weeks)US$9.6 / US$5.2
Stock market listingTel Aviv Stock Exchange, US
Forecast net debt (US$m)5.4
Forecast gearing ratio (%)11
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual6.48.942.1
Relative *4.44.724.5

* % Relative to local index

Other companies in sector Show

1Spatial 7digital
Acal accesso Technology Group
ADVA Optical Networking Advanced Computer Software Group
Advanced Micro Devices AIXTRON
All for One Steeb AG Allocate Software
Allot Communications Alpha and Omega Semiconductor
Alphapoint Technology Inc Amazon
Amino Technologies ANADIGICS
Arria NLG Artec technologies
AsiaCell AT&S Austria Technologie & Systemtechnik
Beta Systems Software Blancco Technology Group
blinkx blur Group
Brady Bulletproof Group
Carclo Catapult Group International
CENIT Cerillion provides billing, charging and customer management software, primarily to telecommunicatio
CityFibre Infrastructure Holdings Cliq Digital
CML Microsystems CoAssets
Comptel Craneware
CREALOGIX Cypress Semiconductor
Datagroup DDD Group
Dillistone Group dotDigital
DSP Group e2v technologies
Eagle Eye Eckoh
Edel Elmos Semiconductor
EMIS EMIS Group
Emulex Endace
EnWave Corporation eServGlobal
Esker Evolving Systems
EVR Holdings PLC Expert System
Facebook Featurespace
FFastFill FinLab AG
Fintech Group First Derivatives
First Sensor Focus Solutions Group
Foresight Autonomous Holdings Freelancer
Fusionex International Gamma Communications
GB Group GBST Holdings
GeoOp GFT
Globo GO internet
Himax Technologies Hrvatski Telekom
ifa systems ikeGPS Group
Infinera Inmarsat
Innovation Group InVision
IQE IS Solutions
ISRA VISION IXYS
Jenoptik K3 Business Technology
Kainos Kalibrate Technology
Keywords Studios Learning Technologies Group
LRAD Corporation Magix
Manpower Software Manx Telecom
Manz Maxima Holdings
Medicsight Mensch und Maschine
Mercia Technologies Micro Focus International
Micron Technology Migme
Mobile ecosystems Monitise
Montage Technology Morse
mVISE My Net Fone
Nano Dimension Nanoco Group
nearmap Nemetschek
Netcall NetDimensions
Netflix Nexus Management
O2Micro International OMG
OmniVision Technologies Orion Health Group
Outsourcery Panorama Synergy
Pantaleon Entertainment Patsystems
Paysafe Group Pebble Beach Systems Group
Pericom Semiconductor Phitek
Piteco PLX Technology
Pricer Prodware
PSI Pure Wafer
QSC Real Estate Investar Group
REALTECH Redflex Holdings
Redstone Reed Elsevier
Reply SpA Results.com
Rex Bionics Rheinmetall
RM S&T
SCISYS Secunet
Seeing Machines Sepura
Serko Seven Principles
Siemens Sigma Designs
Silicom Silicon Image
SimiGon SinnerSchrader
SITO Mobile SLI Systems
Smartpay Holdings SNP Schneider-Neureither & Partner
Software AG Solera
Spansion Spirent Communications
SQS Software Quality Systems AG Stadium Group
StatPro Group Store Electronic Systems
Straker Translations SuperCom
Synchronica Taptica
Technology sector Texas Instruments
The Marketing Group Thin Film Electronics
Thoughtonomy Tikit Group
Toumaz Track Group
TXT e-solutions TZ Limited
Ubisense Group UMT United Mobility Technology
United Power Technology VASCO Data Security
Vectron Systems Virtual Piggy
Vista Group International Vitec
Vizrt VMob Group
WANdisco Webinar
Wincor Nixdorf WorkPlace Systems International
Xploite Xplore Technologies Corp
YuuZoo

Company news

Is Pointer Telocation Ltd (PNTR) undervalued when accounting for its future ...

Tue, 18 Apr 2017 21:45:00 GMT

Pointer Telocation: A Cheap Way To Play The Internet Of Mobile Theme

Sat, 21 Jan 2017 11:00:17 GMT

Brokers Release Average Price Target Of 8.33 On Pointer Telocation Ltd. (PNTR)

Fri, 21 Apr 2017 09:33:45 GMT

Pointer Telocation Ltd (PNTR) Short Interest Update

Sat, 22 Apr 2017 07:36:08 GMT

Pointer Telocation to support Rio Olympics with fleet management

Thu, 04 Aug 2016 20:42:16 GMT

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 60.6 8.1 6.3 62.3 14.8 7.2
2016A 64.4 9.4 6.6 62.4 14.7 7.0
2017E 71.9 11.5 8.4 78.4 11.7 7.3
2018E 78.1 14.0 10.6 97.6 9.4 5.9

Last updated on 23/03/2017

Investment summary

Pointer Telocation (PNTR) generates high recurring revenues from mobile resource management services, with a focus on less developed markets. Management recently reported better than expected 2016 results helped by widening margins aided by strong revenue growth and high operating leverage. Following on from its recent contract win in New York the group also announced a promising pilot programme with Coca-Cola FEMSA, the largest global independent Coca-Cola bottler. With the stock trading on a 28% forward discount to the sector and the group looking well positioned to achieve management guidance of 20% EBITDA growth in 2017, we recently increased our share price target from $8.85 (NIS33.9) to $10.8 (NIS39.6) per share.

Last updated on 04/04/2017

Industry outlook

The global telematics market (services and products) is forecast to grow at an 18.9% CAGR between 2015 and 2020 according to Driscoll & Associates reflecting the growing sophistication and integration of telematics devices into business frameworks and increasing legislation requiring the use of telematics. Less developed markets such as Latin America and Africa are forecast to achieve higher CAGRs of 15.6% and 17.3%, respectively during this period.

Last updated on 04/04/2017

Key management

David Mahlab, CEO
Zvi Fried, CFO

Company address

4 Hamelacha Street,
Rosh Ha’ayin
48091
Israel
View website