Executive Summary
Trilogy International Partners Inc., together with its subsidiaries, provides wireless voice and data communications services in New Zealand, Australia, and Bolivia.
Rewards
Risk Analysis
Snowflake Analysis
Worrying balance sheet with weak fundamentals.
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
Stable Share Price: TRL's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.8%
TRL
1.3%
CA Wireless Telecom
2.4%
CA Market
1 Year Return
-62.8%
TRL
17.3%
CA Wireless Telecom
-12.4%
CA Market
Return vs Industry: TRL underperformed the Canadian Wireless Telecom industry which returned 17.3% over the past year.
Return vs Market: TRL underperformed the Canadian Market which returned -12.4% over the past year.
Shareholder returns
| TRL | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.8% | 1.3% | 2.4% |
| 30 Day | -16.1% | 3.8% | -0.9% |
| 90 Day | -14.3% | 22.6% | 17.3% |
| 1 Year | -62.8%-62.8% | 19.1%17.3% | -9.4%-12.4% |
| 3 Year | -85.7%-85.9% | 46.6%40.5% | 4.2%-5.7% |
| 5 Year | n/a | 102.6%85.3% | 22.1%3.8% |
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
1 month ago | Simply Wall St
How Many Trilogy International Partners Inc. (TSE:TRL) Shares Do Institutions Own?2 months ago | Simply Wall St
Is It Worth Buying Trilogy International Partners Inc. (TSE:TRL) For Its 1.6% Dividend Yield?3 months ago | Simply Wall St
The Trilogy International Partners (TSE:TRL) Share Price Is Down 81% So Some Shareholders Are Rather UpsetValuation
Is Trilogy International Partners undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether Trilogy International Partners is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Trilogy International Partners has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
Next Steps
- Take a look at our analysis of TRL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Trilogy International Partners regulatory filings.
- Explore potentially undervalued companies in the Telecom industry.
Future Growth
How is Trilogy International Partners forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
3.3%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if TRL's forecast earnings growth is above the savings rate (1.7%).
Earnings vs Market: Insufficient data to determine if TRL's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TRL's revenue (3.3% per year) is forecast to grow slower than the Canadian market (5.5% per year).
High Growth Revenue: TRL's revenue (3.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TRL's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Trilogy International Partners performed over the past 5 years?
18.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRL is currently unprofitable.
Growing Profit Margin: TRL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TRL is unprofitable, but has reduced losses over the past 5 years at a rate of 18.5% per year.
Accelerating Growth: Unable to compare TRL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TRL is unprofitable, making it difficult to compare its past year earnings growth to the Wireless Telecom industry (-5.2%).
Return on Equity
High ROE: TRL's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Next Steps
Financial Health
How is Trilogy International Partners's financial position?
Financial Position Analysis
Short Term Liabilities: TRL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TRL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: TRL has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TRL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
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.
Stable Cash Runway: TRL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TRL has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 12.1% each year
Next Steps
Dividend
What is Trilogy International Partners's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TRL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TRL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TRL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TRL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TRL is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TRL's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
14.5yrs
Average management tenure
CEO
Brad Horwitz (64yo)
14.5yrs
Tenure
US$1,163,232
Compensation
Mr. Bradley Jay Horwitz, also known as Brad, has been the President and Chief Executive Officer of Trilogy International Partners, Inc. since 2006 and has been its Non-Independent Director since February 7 ...
CEO Compensation Analysis
Compensation vs Market: Brad's total compensation ($USD1.16M) is above average for companies of similar size in the Canadian market ($USD173.28K).
Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 14.5yrs | US$1.16m | 2.76% $2.3m | |
| Senior VP & CFO | no data | US$1.04m | 0.17% $138.4k | |
| Senior VP | no data | US$964.06k | 0.67% $553.7k | |
| President of Nuevatel | no data | US$761.07k | 0.36% $298.7k | |
| Chief Executive Officer of NuevaTel | 1.25yrs | US$1.30m | 0.074% $60.8k | |
| Chief Executive Officer of 2degrees | 1yr | US$1.47m | no data | |
| Co-Founder & Chairman | no data | no data | no data | |
| Co-Founder & Non-Independent Director | 3.42yrs | no data | no data | |
| Vice President of Investor Relations & Corporate Development | no data | no data | no data |
14.5yrs
Average Tenure
65yo
Average Age
Experienced Management: TRL's management team is seasoned and experienced (14.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 14.5yrs | US$1.16m | 2.76% $2.3m | |
| Co-Founder & Chairman | no data | no data | no data | |
| Co-Founder & Non-Independent Director | 3.42yrs | no data | no data | |
| Independent Director | 5.17yrs | US$100.00k | no data | |
| Independent Director | 1.67yrs | US$140.00k | no data | |
| Lead Independent Director | 3.5yrs | US$140.00k | 0.34% $278.9k | |
| Independent Director | 3.42yrs | US$140.00k | 0.046% $37.8k |
3.4yrs
Average Tenure
64yo
Average Age
Experienced Board: TRL's board of directors are considered experienced (3.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TRL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$82.253m
- Market Cap: CA$68.651m
- Shares outstanding: 83.69m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TRL | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Feb 2017 |
| TLLY.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Feb 2017 |
| 76H | BST (Boerse-Stuttgart) | Yes | Common Shares | DE | EUR | Feb 2017 |
Biography
Trilogy International Partners Inc., together with its subsidiaries, provides wireless voice and data communications services in New Zealand, Australia, and Bolivia. The company’s services comprise postpaid and prepaid plans, including local, international long distance, and roaming services for subscribers and international visitors roaming on its networks. It also provides fixed broadband communications to residential and enterprise customers, as well as data, voice, and text on both mobile and fixed lines in New Zealand and Australia; and fixed public telephony and wireless broadband services, and in-home use based on fixed LTE in Bolivia. As of December 31, 2019, the company’s services cover an aggregate population of 15.9 million users. It had a distribution network, including approximately 13 company owned stores, 209 dealers, and 8,700 other dealer points of presence in Bolivia; and a distribution network of approximately 20 company owned retail stores, 40 independent dealers, and 2,500 points of sale through national retail chains and grocery stores in New Zealand and Australia. The company also provides services through its online self-service store in New Zealand; and operates under the brand name Viva in Bolivia. Trilogy International Partners Inc. was founded in 2005 and is based in Bellevue, Washington.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/05 00:06 |
| End of Day Share Price | 2020/07/02 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.