(ITRN) Ituran Location Control - Overview
Sector: Technology | Industry: Scientific & Technical Instruments | Exchange: NASDAQ (USA) | Market Cap: 1.165m USD | Total Return: 62.1% in 12m
Industry Rotation: -11.4
Avg Turnover: 6.78M
EPS Trend: 93.9%
Qual. Beats: 2
Rev. Trend: 94.5%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Ituran Location and Control Ltd. (ITRN) is an Israel-based provider of location-based telematics services and machine-to-machine (M2M) hardware. The company operates through two primary segments: Telematics Services, which focuses on stolen vehicle recovery (SVR), fleet management, and connected car platforms; and Telematics Products, which involves the manufacturing of radio receivers, control center software, and tracking devices.
The business model relies heavily on a recurring revenue stream from its Telematics Services segment, serving a diverse client base that includes insurance companies, automotive manufacturers, and private subscribers. In the global telematics sector, SVR providers often benefit from high barriers to entry due to the specialized infrastructure and relationships with local law enforcement required to execute vehicle recoveries.
The companys product suite includes the SMART portable transmitter and proprietary base site technology used to facilitate real-time data transmission and location calculations. Investors looking for deeper fundamental analysis may find ValueRay a useful resource for further due diligence. Headquartered in Azor, Ituran maintains a significant operational presence in Israel and Brazil, targeting markets with high demand for asset protection and fleet efficiency.
- Subscription revenue growth from stolen vehicle recovery and fleet management services
- Expansion of connected car partnerships with global automotive manufacturers and importers
- Geopolitical stability in Israel impacting domestic operations and corporate headquarters
- Foreign exchange fluctuations between the Israeli Shekel and the US Dollar
- Insurance industry adoption of usage-based telematics for risk assessment and financing
| Net Income: 58.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.23 > 0.02 and ΔFCF/TA 4.79 > 1.0 |
| NWC/Revenue: 36.48% < 20% (prev 31.99%; Δ 4.49% < -1%) |
| CFO/TA 0.29 > 3% & CFO 110.3m > Net Income 58.7m |
| Net Debt (-102.8m) to EBITDA (98.0m): -1.05 < 3 |
| Current Ratio: 2.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (19.8m) vs 12m ago -0.27% < -2% |
| Gross Margin: 50.20% > 18% (prev 0.48%; Δ 4.97k% > 0.5%) |
| Asset Turnover: 101.3% > 50% (prev 100.3%; Δ 0.96% > 0%) |
| Interest Coverage Ratio: 25.09 > 6 (EBITDA TTM 98.0m / Interest Expense TTM 3.13m) |
| A: 0.35 (Total Current Assets 237.6m - Total Current Liabilities 104.1m) / Total Assets 386.2m |
| B: 0.63 (Retained Earnings 244.4m / Total Assets 386.2m) |
| C: 0.22 (EBIT TTM 78.6m / Avg Total Assets 361.4m) |
| D: 1.51 (Book Value of Equity 244.4m / Total Liabilities 161.7m) |
| Altman-Z'' Score: 7.38 = AAA |
| DSRI: 1.00 (Receivables 58.5m/54.2m, Revenue 366.1m/337.7m) |
| GMI: 0.96 (GM 50.20% / 48.30%) |
| AQI: 0.97 (AQ_t 0.26 / AQ_t-1 0.27) |
| SGI: 1.08 (Revenue 366.1m / 337.7m) |
| TATA: -0.13 (NI 58.7m - CFO 110.3m) / TA 386.2m) |
| Beneish M-Score: -3.16 (Cap -4..+1) = AA |
Over the past week, the price has changed by -6.15%, over one month by +5.11%, over three months by +23.54% and over the past year by +62.09%.
- StrongBuy: 0
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 63.5 | 11.1% |
P/E Forward = 20.4918
P/S = 3.2459
P/B = 5.5475
P/EG = 3.4132
Revenue TTM = 366.1m USD
EBIT TTM = 78.6m USD
EBITDA TTM = 98.0m USD
Long Term Debt = 8.88m USD (from capitalLeaseObligations, last fiscal year)
Short Term Debt = unknown (none)
Debt = 8.88m USD (corrected: LT Debt 8.88m + ST Debt none)
Net Debt = -102.8m USD (from netDebt column, last quarter)
Enterprise Value = 1.07b USD (1.17b + Debt 8.88m - CCE 107.6m)
Interest Coverage Ratio = 25.09 (Ebit TTM 78.6m / Interest Expense TTM 3.13m)
EV/FCF = 12.02x (Enterprise Value 1.07b / FCF TTM 88.7m)
FCF Yield = 8.32% (FCF TTM 88.7m / Enterprise Value 1.07b)
FCF Margin = 24.24% (FCF TTM 88.7m / Revenue TTM 366.1m)
Net Margin = 16.02% (Net Income TTM 58.7m / Revenue TTM 366.1m)
Gross Margin = 50.20% ((Revenue TTM 366.1m - Cost of Revenue TTM 182.3m) / Revenue TTM)
Gross Margin QoQ = 50.50% (prev 50.50%)
Tobins Q-Ratio = 2.76 (Enterprise Value 1.07b / Total Assets 386.2m)
Interest Expense / Debt = 8.25% (Interest Expense 732k / Debt 8.88m)
Taxrate = 18.93% (3.68m / 19.4m)
NOPAT = 63.7m (EBIT 78.6m * (1 - 18.93%))
Current Ratio = 2.28 (Total Current Assets 237.6m / Total Current Liabilities 104.1m)
Debt / Equity = 0.04 (Debt 8.88m / totalStockholderEquity, last quarter 217.6m)
Debt / EBITDA = -1.05 (Net Debt -102.8m / EBITDA 98.0m)
Debt / FCF = -1.16 (Net Debt -102.8m / FCF TTM 88.7m)
Total Stockholder Equity = 213.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 16.23% (Net Income 58.7m / Total Assets 386.2m)
RoE = 27.50% (Net Income TTM 58.7m / Total Stockholder Equity 213.3m)
RoCE = 35.36% (EBIT 78.6m / Capital Employed (Equity 213.3m + L.T.Debt 8.88m))
RoIC = 30.07% (NOPAT 63.7m / Invested Capital 211.9m)
WACC = 9.88% (E(1.17b)/V(1.17b) * Re(9.90%) + D(8.88m)/V(1.17b) * Rd(8.25%) * (1-Tc(0.19)))
Discount Rate = 9.90% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -81.65 | Cagr: -0.14%
[DCF] Terminal Value 75.72% ; FCFF base≈77.7m ; Y1≈95.9m ; Y5≈163.6m
[DCF] Fair Price = 107.2 (EV 2.02b - Net Debt -102.8m = Equity 2.12b / Shares 19.8m; r=9.88% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 93.89 | EPS CAGR: 16.81% | SUE: 1.17 | # QB: 2
Revenue Correlation: 94.48 | Revenue CAGR: 6.67% | SUE: -0.69 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.84 | Chg30d=+5.00% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=3.39 | Chg30d=+4.63% | Revisions=+20% | GrowthEPS=+16.1% | GrowthRev=+9.3%
EPS next Year (2027-12-31): EPS=3.87 | Chg30d=+9.94% | Revisions=+20% | GrowthEPS=+14.2% | GrowthRev=+7.2%