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

Price performance

Relative *4.44.724.5

* % Relative to local index

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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
View website