TSX:PTS

Stock Analysis Report

Points International

Executive Summary

Points International Ltd. provides e-commerce and technology services to loyalty program operators in the United States, Europe, and internationally.

Snowflake

Fundamentals

Flawless balance sheet with outstanding track record.

Risks

  • Points International is covered by less than 3 analysts.

Share Price & News

How has Points International's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.9%

TSX:PTS

-4.1%

CA Online Retail

-1.1%

CA Market


1 Year Return

-24.6%

TSX:PTS

-50.5%

CA Online Retail

-6.4%

CA Market

PTS outperformed the Online Retail industry which returned -49.9% over the past year.

PTS underperformed the Market in Canada which returned -6.1% over the past year.


Share holder returns

PTSIndustryMarket
7 Day-6.9%-4.1%-1.1%
30 Day-3.0%-10.2%-3.6%
90 Day-11.7%-26.1%-3.4%
1 Year-24.6%-24.6%-50.5%-50.5%-3.1%-6.4%
3 Year48.8%48.8%85.1%84.9%13.1%3.1%
5 Year-22.5%-22.5%205.4%183.5%10.8%-4.7%

Price Volatility Vs. Market

How volatile is Points International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Points International undervalued based on future cash flows and its price relative to the stock market?

23%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Points International's share price is below the future cash flow value, and at a moderate discount (> 20%).

Points International's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Points International is good value based on earnings compared to the North America Online Retail industry average.

Points International is good value based on earnings compared to the Canada market.


Price Based on Expected Growth

Points International earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Points International is overvalued based on assets compared to the CA Online Retail industry average.


Next Steps

Future Growth

How is Points International expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

-16.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Points International's revenue is expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).

Points International's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Points International's revenue growth is positive but not above the Canada market average.

Points International's earnings are expected to decrease over the next 1-3 years, this is below the Canada market average.

Points International's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Points International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Points International performed over the past 5 years?

6.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Points International's year on year earnings growth rate has been positive over the past 5 years.

Points International's 1-year earnings growth exceeds its 5-year average (100.4% vs 6.8%)

Points International's earnings growth has exceeded the North America Online Retail industry average in the past year (100.4% vs 9.2%).


Return on Equity

Points International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Points International used its assets more efficiently than the North America Online Retail industry average last year based on Return on Assets.


Return on Capital Employed

Points International has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Points International's financial position?


Financial Position Analysis

Points International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Points International's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Points International has no debt.

Points International has not taken on any debt in the past 5 years.

Points International has no debt, it does not need to be covered by operating cash flow.

Points International has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Points International has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

What is Points International's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Points International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Points International's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Points International has not reported any payouts.

Unable to verify if Points International's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Points International has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Points International's salary, the management and board of directors tenure and is there insider trading?

10.0yrs

Average management tenure


CEO

Rob MacLean (52yo)

19.5yrs

Tenure

US$2,221,371

Compensation

Mr. T. Robert MacLean, also known as Rob, has been a Director of Prodigy Ventures Inc. since September 2015. Mr. MacLean was the Chairman of Prodigy Ventures Inc. until December 20, 2018. He is a Founder o ...


CEO Compensation Analysis

Rob's remuneration is higher than average for companies of similar size in Canada.

Rob's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

10.0yrs

Average Tenure

The average tenure for the Points International management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

10.8yrs

Average Tenure

60yo

Average Age

The average tenure for the Points International board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by Points International individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$126,85325 Jun 19
Jay Malowney
EntityIndividual
Role
Senior Key Executive
Chief Commercial Officer
Shares8,000
Max PriceUS$15.86
SellUS$94,70704 Jun 19
Peter Lockhard
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares5,218
Max PriceUS$18.41
BuyUS$25,43817 May 19
Leontine Atkins
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,500
Max PriceUS$16.96
SellUS$16,22501 Apr 19
Peter Lockhard
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares900
Max PriceUS$18.05
SellUS$45,08601 Apr 19
Inez Murdoch
EntityIndividual
Role
Head of Human Resources
Chief People Officer
Shares2,500
Max PriceUS$18.03
SellUS$69,43229 Mar 19
Erick Georgiou
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares3,800
Max PriceUS$18.27
SellUS$90,61229 Mar 19
Owen Nam Tran
EntityIndividual
Role
Chief Technology Officer
Chief Technology Officer
Shares5,000
Max PriceUS$18.12
SellUS$152,70926 Mar 19
Christopher J. Barnard
EntityIndividual
Role
Member of the Board of Directors
President & Director
Shares8,385
Max PriceUS$18.43
SellUS$11,20626 Mar 19
Peter Doulas
EntityIndividual
Shares627
Max PriceUS$17.87
SellUS$4,58526 Mar 19
Peter Lockhard
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares256
Max PriceUS$17.91
SellUS$325,12425 Mar 19
Christopher J. Barnard
EntityIndividual
Role
Member of the Board of Directors
President & Director
Shares18,357
Max PriceUS$18.11
SellUS$44,04821 Mar 19
Peter Doulas
EntityIndividual
Shares2,520
Max PriceUS$17.48
SellUS$64,69514 Mar 19
Peter Doulas
EntityIndividual
Shares3,704
Max PriceUS$17.47
SellUS$252,03514 Mar 19
Owen Nam Tran
EntityIndividual
Role
Chief Technology Officer
Chief Technology Officer
Shares15,000
Max PriceUS$17.40
SellUS$276,83228 Dec 18
Christopher J. Barnard
EntityIndividual
Role
Member of the Board of Directors
President & Director
Shares21,114
Max PriceUS$13.22
BuyUS$48,57229 Nov 18
David Croxon
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,500
Max PriceUS$13.90
BuyUS$19,38518 Sep 18
Christopher J. Barnard
EntityIndividual
Role
Member of the Board of Directors
President & Director
Shares1,100
Max PriceUS$17.71
BuyUS$46,08014 Sep 18
David Adams
EntityIndividual
Role
Chairman of the Board
Chairman
Shares2,500
Max PriceUS$18.43
SellUS$49,64713 Sep 18
Jay Malowney
EntityIndividual
Role
Senior Key Executive
Chief Commercial Officer
Shares2,700
Max PriceUS$18.41
SellUS$51,45210 Sep 18
Michael D'Amico
EntityIndividual
Shares2,639
Max PriceUS$19.50
SellUS$124,31927 Aug 18
Peter Lockhard
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares6,311
Max PriceUS$20.12

Ownership Breakdown


Management Team

  • Rob MacLean (52yo)

    Founder

    • Tenure: 19.5yrs
    • Compensation: US$2.22m
  • Christopher J. Barnard

    President & Director

    • Tenure: 12.3yrs
    • Compensation: US$1.82m
  • Peter Lockhard

    Chief Operating Officer

    • Tenure: 14.6yrs
    • Compensation: US$977.45k
  • Owen Nam Tran

    Chief Technology Officer

    • Tenure: 3.0yrs
    • Compensation: US$747.92k
  • Inez Murdoch

    Chief People Officer

    • Tenure: 0.0yrs
  • Jay Malowney

    Chief Commercial Officer

    • Tenure: 5.4yrs
  • Sean Mansouri

    Investor Relations

    • Tenure: 0.0yrs
  • Erick Georgiou

    Chief Financial Officer

    • Tenure: 1.3yrs
    • Compensation: US$740.22k
  • Derek Tufford

    SVP of Marketing

    • Tenure: 0.0yrs

Board Members

  • Doug Carty (62yo)

    Independent Director

    • Tenure: 17.5yrs
    • Compensation: US$52.49k
  • Rob MacLean (52yo)

    Founder

    • Tenure: 19.5yrs
    • Compensation: US$2.22m
  • Christopher J. Barnard

    President & Director

    • Tenure: 12.3yrs
    • Compensation: US$1.82m
  • John Thompson

    Independent Director

    • Tenure: 17.5yrs
    • Compensation: US$54.81k
  • David Croxon (58yo)

    Independent Director

    • Tenure: 10.8yrs
    • Compensation: US$44.39k
  • Dave Adams (63yo)

    Chairman

    • Tenure: 1.2yrs
    • Compensation: US$62.75k
  • Mike Beckerman

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: US$44.39k
  • Jane Skoblo

    Director

    • Tenure: 0.3yrs
  • Leontine Atkins

    Director

    • Tenure: 0.3yrs

Company Information

Points International Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Points International Ltd.
  • Ticker: PTS
  • Exchange: TSX
  • Founded: 1999
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: CA$200.046m
  • Shares outstanding: 13.38m
  • Website: https://www.points.com

Number of Employees


Location

  • Points International Ltd.
  • 111 Richmond Street West
  • Suite 700
  • Toronto
  • Ontario
  • M5H 2G4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PTSTSX (The Toronto Stock Exchange)YesCommon SharesCACADFeb 2000
PCOMNasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDFeb 2000
4QQNDB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 2000

Biography

Points International Ltd. provides e-commerce and technology services to loyalty program operators in the United States, Europe, and internationally. It operates through three segments: Loyalty Currency Re ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 23:38
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.