NasdaqGM:IDSY

Stock Analysis Report

Executive Summary

PowerFleet, Inc. provides subscription-based wireless Internet of Things and machine-to-machine solutions.


Snowflake Analysis

Flawless balance sheet with high growth potential.


Similar Companies

Share Price & News

How has I.D. Systems's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IDSY has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.4%

IDSY

-4.8%

US Electronic

-2.8%

US Market


1 Year Return

-14.9%

IDSY

-27.9%

US Electronic

-15.9%

US Market

Return vs Industry: IDSY underperformed the US Electronic industry which returned 30.2% over the past year.

Return vs Market: IDSY underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

IDSYIndustryMarket
7 Day1.4%-4.8%-2.8%
30 Day2.9%-22.8%-18.8%
90 Day-1.6%-33.2%-24.0%
1 Year-14.9%-14.9%-27.1%-27.9%-14.2%-15.9%
3 Year8.1%8.1%-4.8%-7.5%9.9%2.8%
5 Year-17.4%-17.4%14.9%9.2%27.2%13.3%

Price Volatility Vs. Market

How volatile is I.D. Systems's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is I.D. Systems undervalued compared to its fair value and its price relative to the market?

3.58x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate IDSY's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate IDSY's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: IDSY is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: IDSY is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IDSY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IDSY is overvalued based on its PB Ratio (3.6x) compared to the US Electronic industry average (2.1x).


Next Steps

Future Growth

How is I.D. Systems forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

168.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IDSY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).

Earnings vs Market: IDSY is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: IDSY's is expected to become profitable in the next 3 years.

Revenue vs Market: IDSY's revenue (43.8% per year) is forecast to grow faster than the US market (7.5% per year).

High Growth Revenue: IDSY's revenue (43.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if IDSY's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has I.D. Systems performed over the past 5 years?

18.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IDSY is currently unprofitable.

Growing Profit Margin: IDSY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IDSY is unprofitable, but has reduced losses over the past 5 years at a rate of 18.5% per year.

Accelerating Growth: Unable to compare IDSY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IDSY is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (53.6%).


Return on Equity

High ROE: IDSY has a negative Return on Equity (-30.46%), as it is currently unprofitable.


Next Steps

Financial Health

How is I.D. Systems's financial position?


Financial Position Analysis

Short Term Liabilities: IDSY's short term assets ($33.9M) exceed its short term liabilities ($21.8M).

Long Term Liabilities: IDSY's short term assets ($33.9M) exceed its long term liabilities ($10.8M).


Debt to Equity History and Analysis

Debt Level: IDSY is debt free.

Reducing Debt: IDSY had no debt 5 years ago.


Balance Sheet

Inventory Level: IDSY has a low level of unsold assets or inventory.

Debt Coverage by Assets: IDSY's debt is covered by short term assets (assets are 7.6435092875733E+16x debt).


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: IDSY has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: IDSY has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -21.4% each year


Next Steps

Dividend

What is I.D. Systems's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate IDSY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate IDSY's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if IDSY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IDSY's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IDSY's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Chris Wolfe (61yo)

2.83s

Tenure

US$931,288

Compensation

Mr. Chris Adam Wolfe has been the Chief Executive Officer of ID Systems Inc. since December 7, 2016 and served as its Chief Product Officer from August 4, 2016 to December 6, 2016. Mr. Wolfe worked as an I ...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD931.29K) is above average for companies of similar size in the US market ($USD519.76K).

Compensation vs Earnings: Chris's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Chris Wolfe
CEO & Director2.83yrsUS$931.29k1.21% $1.2m
Ned Mavrommatis
CFO, Treasurer & Corporate Secretary20.17yrsUS$770.53k1.12% $1.1m
Michael Ehrman
Consultant0.58yrUS$510.50k1.51% $1.4m
Curt Lloyd
Executive Vice President of Operations3.92yrsno datano data
Craig Montgomery
Senior Vice President of Strategyno datano datano data
Roger Tenney
Senior Vice President of Client Services5.58yrsno datano data
Frederick Muntz
Vice President of Strategic Accounts12.58yrsUS$533.06kno data

4.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: IDSY's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chris Wolfe
CEO & Director2.83yrsUS$931.29k1.21% $1.2m
Michael Casey
Independent Director3.08yrsUS$141.08k0.51% $491.6k
Christopher Formant
Director1.33yrsUS$241.73k0.27% $264.0k
Charles Frumberg
Director1.25yrsUS$228.60k0.11% $103.0k
Kenneth Brakebill
Independent Director5.33yrsUS$133.08k0.67% $641.9k
Michael Brodsky
Independent Chairman of the Board2.83yrsUS$159.08k1.25% $1.2m

2.6yrs

Average Tenure

56yo

Average Age

Experienced Board: IDSY's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.5%.


Top Shareholders

Company Information

PowerFleet, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PowerFleet, Inc.
  • Ticker: IDSY
  • Exchange: NasdaqGM
  • Founded: 1993
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$96.302m
  • Shares outstanding: 17.83m
  • Website: https://www.powerfleet.com

Number of Employees


Location

  • PowerFleet, Inc.
  • 123 Tice Boulevard
  • Suite 100
  • Woodcliff Lake
  • New Jersey
  • 7677
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IDSYNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDJun 1999

Biography

I.D. Systems, Inc. develops, markets, and sells wireless machine-to-machine solutions primarily in North America. The company provides integrated wireless solutions that utilize radio frequency identification, Wi-Fi, Bluetooth, satellite or cellular communications, sensor technologies, and software to control, monitor, track, and analyze industrial and rental vehicles, as well as transportation assets. It also offers industrial truck asset management and connected vehicles products, including on-asset hardware with mounting and user-interface options that provide an autonomous means of asset control and monitoring; wireless asset managers that link the mobile assets being monitored with the customer’s computer network or to a remotely hosted server; server software, which manages data communications between the system’s database and on-asset hardware; and private cloud Web-client software. In addition, the company provides logistics visibility products comprising on-asset hardware configurations to address various remote asset types; VIP site, a hosted Website that provides Internet access to client asset information; and a direct data feed through XML or Web services. Further, it offers hardware and software solutions, as well as hosting, maintenance, and support and consulting services; and Software as a Service covering system monitoring, help desk technical support, escalation procedure development, routine diagnostic data analysis, and software updates services. The company markets and sells its wireless solutions directly to commercial and government sectors in automotive manufacturing, retail, shipping, freight transportation, heavy industry, wholesale distribution, aerospace and defense, homeland security, and vehicle rental markets, as well as through indirect sales channels, such as original equipment manufacturers and industrial equipment dealers. I.D. Systems, Inc. was founded in 1993 and is headquartered in Woodcliff Lake, New Jersey. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/03 23:36
End of Day Share Price2019/10/03 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.