TSX:TRL

Stock Analysis Report

Trilogy International Partners

Executive Summary

Trilogy International Partners Inc., together with its subsidiaries, provides wireless voice and data communication services in Bolivia and New Zealand.

Snowflake

Fundamentals

Mediocre balance sheet with weak fundamentals.

Risks

  • Trilogy International Partners has significant price volatility in the past 3 months.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

TSX:TRL

0.6%

CA Wireless Telecom

1.4%

CA Market


1 Year Return

-39.9%

TSX:TRL

7.1%

CA Wireless Telecom

-4.1%

CA Market

TRL underperformed the Wireless Telecom industry which returned 5.4% over the past year.

TRL underperformed the Market in Canada which returned -4.9% over the past year.


Share holder returns

TRLIndustryMarket
7 Day-0.8%0.6%1.4%
30 Day-19.0%-3.9%-2.2%
90 Day-13.9%-3.3%-1.1%
1 Year-39.4%-39.9%8.7%7.1%-0.7%-4.1%
3 Yearn/a32.8%26.0%15.1%4.8%
5 Yearn/a41.9%25.3%12.8%-3.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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


Intrinsic Value Based on Future Cash Flows

Trilogy International Partners's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Trilogy International Partners's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Trilogy International Partners is loss making, we can't compare its value to the North America Wireless Telecom industry average.

Trilogy International Partners is loss making, we can't compare the value of its earnings to the Canada market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Trilogy International Partners, we can't assess if its growth is good value.


Price Based on Value of Assets

Trilogy International Partners has negative assets, we can't compare the value of its assets to the North America Wireless Telecom industry average.


Next Steps

Future Growth

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

-0.02%

Forecasted annual revenue growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Trilogy International Partners's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to determine if Trilogy International Partners is high growth as no earnings estimate data is available.

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

Unable to compare Trilogy International Partners's earnings growth to the Canada market average as no estimate data is available.

Unable to compare Trilogy International Partners's earnings growth to the low risk savings rate as no estimate data is available.


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has Trilogy International Partners performed over the past 5 years?

11.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Trilogy International Partners does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Trilogy International Partners's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Trilogy International Partners's 1-year growth to the North America Wireless Telecom industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Trilogy International Partners has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

Trilogy International Partners used its assets less efficiently than the North America Wireless Telecom industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if Trilogy International Partners improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Trilogy International Partners's financial position?


Financial Position Analysis

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

Trilogy International Partners's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Trilogy International Partners has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Trilogy International Partners's debt level has increased considering it has negative shareholder equity.


Balance Sheet

High level of physical assets or inventory.

Trilogy International Partners has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Trilogy International Partners has sufficient cash runway for more than 3 years based on current free cash flow.

Trilogy International Partners has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -43.1% each year.


Next Steps

Dividend

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

0.85%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Trilogy International Partners's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2%).

Trilogy International Partners's dividend is below the markets top 25% of dividend payers in Canada (6%).

Trilogy International Partners is not paying a notable dividend for Canada, therefore no need to check if the payments are stable.

Trilogy International Partners is not paying a notable dividend for Canada, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of Trilogy International Partners's dividends as it is not paying a notable one for Canada.


Future Payout to Shareholders

No need to calculate the sustainability of Trilogy International Partners's dividends in 3 years as they are not expected to pay a notable one for Canada.


Next Steps

Management

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

14.1yrs

Average management tenure


CEO

Brad Horwitz (63yo)

13.6yrs

Tenure

US$1,489,862

Compensation

Mr. Bradley Jay Horwitz, also known as Brad, has been the President and Chief Executive Officer of Trilogy International Partners, Inc. since 2006 and has been its Non-Independent Director since February 7 ...


CEO Compensation Analysis

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

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


Management Age and Tenure

14.1yrs

Average Tenure

64yo

Average Age

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


Board Age and Tenure

2.5yrs

Average Tenure

63yo

Average Age

The average tenure for the Trilogy International Partners board of directors is less than 3 years, this suggests a new board.


Insider Trading

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


Recent Insider Transactions

BuyUS$22,79214 Jun 19
Bradley Horwitz
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares9,731
Max PriceUS$2.34
BuyUS$870,00014 Jun 19
Bradley Horwitz
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares300,000
Max PriceUS$2.90
BuyUS$30,20310 Jun 19
Bradley Horwitz
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares10,000
Max PriceUS$3.02
BuyUS$62,39403 Jun 19
Bradley Horwitz
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares20,000
Max PriceUS$3.12
BuyUS$89,27631 May 19
Bradley Horwitz
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares30,000
Max PriceUS$2.99
BuyUS$27,16728 May 19
Bradley Horwitz
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares10,000
Max PriceUS$2.72
BuyUS$27,24524 May 19
Bradley Horwitz
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares10,000
Max PriceUS$2.72
BuyUS$26,30123 May 19
Bradley Horwitz
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares10,000
Max PriceUS$2.63
BuyUS$27,14322 May 19
Bradley Horwitz
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares10,000
Max PriceUS$2.71
BuyUS$366,95222 May 19
Scott Morris
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares140,000
Max PriceUS$2.62
BuyUS$24,74621 May 19
Bradley Horwitz
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares10,000
Max PriceUS$2.47

Ownership Breakdown


Management Team

  • Terry Gillespie (66yo)

    Co-Founder & Non-Independent Director

    • Tenure: 2.5yrs
  • Brad Horwitz (63yo)

    Co-Founder

    • Tenure: 13.6yrs
    • Compensation: US$1.49m
  • John Stanton (64yo)

    • Tenure: 0.0yrs
  • Ann Saxton

    Vice President of Investor Relations & Corporate Development

    • Tenure: 0.0yrs
  • Juan Calvo

    President of Nuevatel

    • Tenure: 0.0yrs
    • Compensation: US$901.42k
  • Scott Morris

    Senior VP

    • Tenure: 0.0yrs
    • Compensation: US$1.09m
  • Drew Davies

    Executive Vice President of Corporate Development

    • Tenure: 0.0yrs
  • Erik Mickels

    Senior VP & CFO

    • Tenure: 0.0yrs
    • Compensation: US$1.07m
  • Tomas Perez

    Chief Executive Officer of NuevaTel

    • Tenure: 0.3yrs

Board Members

  • Reza Satchu (49yo)

    Non-Independent Director

    • Tenure: 4.3yrs
  • Terry Gillespie (66yo)

    Co-Founder & Non-Independent Director

    • Tenure: 2.5yrs
  • Brad Horwitz (63yo)

    Co-Founder

    • Tenure: 13.6yrs
    • Compensation: US$1.49m
  • Alan Horn (67yo)

    Independent Director

    • Tenure: 0.8yrs
    • Compensation: US$25.00k
  • John Stanton (64yo)

    • Tenure: 0.0yrs
  • Nadir Mohamed (62yo)

    Lead Independent Director

    • Tenure: 2.6yrs
    • Compensation: US$100.29k
  • Mark Kroloff (62yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: US$100.07k

Company Information

Trilogy International Partners Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Trilogy International Partners Inc.
  • Ticker: TRL
  • Exchange: TSX
  • Founded: 2005
  • Industry: Wireless Telecommunication Services
  • Sector: Telecom
  • Implied Market Cap: CA$165.230m
  • Market Cap: CA$132.988m
  • Shares outstanding: 83.25m
  • Website: https://www.trilogy-international.com

Number of Employees


Location

  • Trilogy International Partners Inc.
  • 155–108 Avenue NE
  • Suite 400
  • Bellevue
  • Washington
  • 98004
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRLTSX (The Toronto Stock Exchange)YesCommon SharesCACADFeb 2017
TLLY.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 2017
76HBST (Boerse-Stuttgart)YesCommon SharesDEEURFeb 2017

Biography

Trilogy International Partners Inc., together with its subsidiaries, provides wireless voice and data communication services in Bolivia and New Zealand. The company’s communications services include local, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 00:42
End of Day Share Price2019/08/21 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.