Pointer Telocation (PNTR)

Business description

Pointer Telocation 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$95.2m
Last closeUS$11.85
High / Low (52 weeks)US$12.2 / US$5.2
Stock market listingTel Aviv Stock Exchange, US
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual8.731.798.8
Relative *8.627.464.4

* % Relative to local index

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Company news

A Reversal for Pointer Telocation Ltd (PNTR) Is Not Near. The Stock Reaches 52 ...

Fri, 19 May 2017 18:45:00 GMT

Pointer Telocation Ltd. Reports Results for the Fourth Quarter and Full Year 2016

Thu, 02 Mar 2017 11:03:45 GMT

Pointer Telocation Ltd. PNTR (US: Nasdaq)

Sat, 12 Feb 2011 13:16:17 GMT

Pointer Telocation's CEO Discusses 'Best Ever Results'

Thu, 18 May 2017 12:38:05 GMT

Analysts take a look at Pointer Telocation Ltd (NASDAQ:PNTR) having this to say.

Mon, 26 Jun 2017 12:22:30 GMT

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2015A 60.6 8.8 6.4 66.8 17.7 N/A
2016A 64.4 9.8 6.6 61.8 19.2 N/A
2017E 71.9 12.1 8.4 78.4 15.1 N/A
2018E 78.1 14.5 10.6 97.6 12.1 N/A

Last updated on 19/06/2017

Investment summary

Pointer Telocation (PNTR) has reported solid Q1 figures backed by strong 25% subscriber growth and 7% growth in per subscriber revenues. Boosted by operating leverage this translated into wider service margins and a 43% increase in operating profit. In coming quarters, as individual fleet vehicles are equipped with PNTR’s telematics, subscriber revenues from the FEMSA and NYC taxicab contracts should start to boost group revenues. We see Q117 as a good start to the year and, with management discussing similar contracts with other companies and exploring new acquisitions, more good news is likely to follow in the coming quarters. We have increased our multiple based valuation by 26% to $13.6 (NIS48.9) per share, while maintaining our DCF valuation at $14.9 (NIS53.6) per share.

Last updated on 05/06/2017

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 01/06/2017

Key management

David Mahlab, CEO
Zvi Fried, CFO

Company address

4 Hamelacha Street,
Rosh Ha’ayin
48091
Israel
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