reports
- Anna Bossong
Pointer Telocation - New Microsoft AI collaboration
Pointer Telocation has announced a new collaboration with Microsoft Israel to create an AI-powered driver monitoring and prediction tool. We see the potential for this to give Pointer an important edge in the driver monitoring space in which it is already competing strongly. Q118 results showed a recovery in product sales from Q4 (up 29% q-o-q), but only 5.6% y-o-y growth arising from low demand for non-LTE enabled devices and Latin American (Latam) currency declines. Nevertheless, the group con...
- Anna Bossong
Pointer Telocation - Strong foundations for future growth
Pointer Telocation (PNTR) achieved a strong performance in both product and services revenues in the third quarter supported by 16% y-o-y organic subscriber growth and a boost to product margins from increased sales of higher-quality telematics units. PNTR looks set to derive substantial cost synergies in 2018 from the integration of Cielo Telecom’s operations in Brazil and we foresee the potential for the new CelloTrack Nano IoT tracker product to emerge as a major profit driver following str...
- Anna Bossong
Right time, right places
Pointer Telocation (PNTR) has released record Q217 results showing the success of recent sales initiatives, particularly in the fleet management side, as well as the benefits of high operating leverage via its SaaS model, which resulted in an almost doubling of PBT vs Q216. With earnings underpinned by strong recurring revenue streams, a major new $2-3m pa CelloTrack Nano product order from the US and strong prospects for PNTR’s connected car and Internet of Vehicles offerings, we have increased...
- Anna Bossong
Great start to the year, and more in the pipeline
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 disc...
- Anna Bossong
Good figures and yet another impressive deal
The group has started 2017 well with two significant contracts – a highly prospective one for driver behaviour in NY for ride firms such as Uber and Lyft, followed by a pilot programme for driver safety and distribution costs savings with FEMSA (Coca-Cola’s largest public bottler). A strong performance in these contracts bodes well for future earnings. Pointer has also announced better than expected 2016 operating results, helped by margin-boosting operational leverage, and acquisition of Cielo ...
- Anna Bossong
Taking a ride with Uber
Pointer Telocation (PNTR) has won a five-year contract to provide fleet management and driver behaviour monitoring services for 4,000 New York black cars and car service vehicles working for online transportation network companies (TNC), including Uber and Lyft. The contract, announced on 17 January, represents PNTR’s first foray into the US market, which has been made possible by the group’s recent move into cloud-based SaaS services. Although small in revenue terms, the contract looks to have ...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
- Anna Bossong
Improving top-line trend affected by one-offs
Pointer Telocation (PNTR) is a telematics company with a focus on Israel and Latin America. In addition to sales of its own telematics devices, the group generates high recurring revenues from mobile resource management services. The results for the first nine months support our top-line and normalised full year profit expectations, representing 74-76% of our forecast FY revenue and EBIT. We have nevertheless cut our current year PBT forecast by 6% to account for higher finance and one-off costs...
- Anna Bossong
An appealing mix: Solid business and innovation
Pointer Telocation (PNTR) is a telematics company with a focus on Israel and Latin America. In addition to sales of its own telematics devices, the group generates high recurring revenues from mobile resource management services. After forex-hit H1 results, the stock is trading on a 34% forward P/E discount to its peers. We see potential for a re-rating on improved earnings growth, which should be driven by a recent acquisition in Brazil, a strong pipeline of new products and rising service marg...
- Anna Bossong
An appealing mix: Solid business and innovation
Pointer Telocation (PNTR) is a telematics company with a focus on Israel and Latin America. In addition to sales of its own telematics devices, the group generates high recurring revenues from mobile resource management services. After forex-hit H1 results, the stock is trading on a 34% forward P/E discount to its peers. We see potential for a re-rating on improved earnings growth, which should be driven by a recent acquisition in Brazil, a strong pipeline of new products and rising service marg...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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