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 m
08 Nov 2016
An appealing mix: Solid business and innovation
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An appealing mix: Solid business and innovation
- Published:
08 Nov 2016 -
Author:
Anna Bossong -
Pages:
17
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 m