NasdaqGM:PWFL

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Executive Summary

PowerFleet, Inc. develops, markets, and sells wireless Internet-of-Things and machine-to-machine solutions in the United States, Israel, and internationally.


Snowflake Analysis

Excellent balance sheet with limited growth.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PWFL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

12.6%

PWFL

6.6%

US Electronic

3.8%

US Market


1 Year Return

1.0%

PWFL

9.9%

US Electronic

9.7%

US Market

Return vs Industry: PWFL underperformed the US Electronic industry which returned 8.6% over the past year.

Return vs Market: PWFL underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

PWFLIndustryMarket
7 Day12.6%6.6%3.8%
30 Day16.8%15.7%11.4%
90 Day-24.0%10.4%6.8%
1 Year1.0%1.0%11.1%9.9%12.1%9.7%
3 Year-16.4%-16.4%23.8%20.4%36.2%27.2%
5 Year-22.7%-22.7%67.5%59.4%63.7%45.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is PowerFleet undervalued compared to its fair value and its price relative to the market?

1.97x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PWFL ($5.29) is trading above our estimate of fair value ($4.64)

Significantly Below Fair Value: PWFL is trading above our estimate of fair value.


Price To Earnings Ratio

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

PE vs Market: PWFL 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 PWFL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PWFL is overvalued based on its PB Ratio (2x) compared to the US Electronic industry average (1.8x).


Next Steps

Future Growth

How is PowerFleet forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

95.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PWFL is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PWFL is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PWFL is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PWFL's revenue (20.5% per year) is forecast to grow faster than the US market (8.8% per year).

High Growth Revenue: PWFL's revenue (20.5% 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 PWFL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has PowerFleet performed over the past 5 years?

4.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PWFL is currently unprofitable.

Growing Profit Margin: PWFL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PWFL is unprofitable, but has reduced losses over the past 5 years at a rate of 4.2% per year.

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

Earnings vs Industry: PWFL is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-8%).


Return on Equity

High ROE: PWFL has a negative Return on Equity (-9.64%), as it is currently unprofitable.


Next Steps

Financial Health

How is PowerFleet's financial position?


Financial Position Analysis

Short Term Liabilities: PWFL's short term assets ($67.3M) exceed its short term liabilities ($43.2M).

Long Term Liabilities: PWFL's short term assets ($67.3M) exceed its long term liabilities ($45.7M).


Debt to Equity History and Analysis

Debt Level: PWFL's debt to equity ratio (26.3%) is considered satisfactory.

Reducing Debt: PWFL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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

Forecast Cash Runway: Insufficient data to determine if PWFL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate PWFL'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 PWFL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PWFL'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 PWFL'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?

1.4yrs

Average management tenure


CEO

Chris Wolfe (61yo)

3.5yrs

Tenure

US$1,553,541

Compensation

Mr. Chris Adam Wolfe has been the Chief Executive Officer of PowerFleet, Inc. (formerly known as ID Systems Inc.) since December 7, 2016 and served as its Chief Product Officer from August 4, 2016 to Decem ...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD1.55M) is about average for companies of similar size in the US market ($USD1.33M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Chris Wolfe
CEO & Director3.5yrsUS$1.55m0.88% $1.4m
Ned Mavrommatis
CFO, Treasurer & Corporate Secretaryno dataUS$1.13m0.74% $1.2m
Moses Zelniker
Chief Technology Officer1.42yrsno datano data
Luis Rodriguez
Chief Information Officer0.33yrno datano data
Craig Montgomery
Senior Vice President of Strategyno datano datano data
Roger Tenney
Senior Vice President of Client Services6.25yrsno datano data
Nessy Turgeman
Senior Vice President of Global Software & Platforms1.42yrsno datano data
Elizabeth Elkins
Chief Product Officer0.33yrno datano data
Frederick Muntz
Vice President of Strategic Accounts17.42yrsUS$533.06kno data

1.4yrs

Average Tenure

57yo

Average Age

Experienced Management: PWFL's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Chris Wolfe
CEO & Director3.5yrsUS$1.55m0.88% $1.4m
Ned Mavrommatis
CFO, Treasurer & Corporate Secretaryno dataUS$1.13m0.74% $1.2m
John Hunt
Independent Director0.67yrno datano data
Michael Casey
Independent Director3.75yrsUS$141.68k0.30% $481.6k
David Mahlab
Director0.67yrUS$882.26k1.64% $2.6m
Charles Frumberg
Independent Director1.92yrsUS$123.68k0.14% $218.9k
Michael Brodsky
Independent Chairman of the Board3.5yrsUS$159.68k0.49% $780.6k
Anders Bjork
Independent Director0.67yrno datano data

1.9yrs

Average Tenure

55yo

Average Age

Experienced Board: PWFL's board of directors are not considered experienced ( 1.9 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 substantially diluted in the past year, with total shares outstanding growing by 69.4%.


Top Shareholders

Company Information

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


Key Information

  • Name: PowerFleet, Inc.
  • Ticker: PWFL
  • Exchange: NasdaqGM
  • Founded:
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$158.166m
  • Shares outstanding: 29.90m
  • Website: https://www.powerfleet.com

Number of Employees


Location

  • PowerFleet, Inc.
  • 123 Tice Boulevard
  • Suite 101
  • Woodcliff Lake
  • New Jersey
  • 7677
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PWFLNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDJun 1999
PWFLTASE (The Tel-Aviv Stock Exchange)YesCommon StockILILSJun 1999
3LOBST (Boerse-Stuttgart)YesCommon StockDEEURJun 1999

Biography

PowerFleet, Inc. develops, markets, and sells wireless Internet-of-Things and machine-to-machine solutions in the United States, Israel, and internationally. The company offers industrial solutions, such as on-premise or in-facility asset and operator management, monitoring, and visibility for industrial trucks, such as forklifts and ground support equipment at airports. It also provides logistic solutions, including bumper-to-bumper asset management, monitoring, and visibility for heavy trucks, dry-van trailers, refrigerated trailers, shipping containers, etc., as well as associated cargos; and mobile-asset tracking and condition-monitoring solutions. In addition, the company offers vehicle solutions to enhance the vehicle fleet management process. Further, it provides 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 offers its product under the PowerFleet, Pointer and Cellocator brands. It sells its products to commercial and government sectors in automotive manufacturing, retail, food and grocery distribution, logistics, shipping, freight transportation, heavy industry, wholesale distribution, manufacturing, aerospace and defense, homeland security, and vehicle rental markets, as well as through indirect sales channels, such as original equipment manufacturers, vehicle importers, distributors, and industrial equipment dealers. The company was formerly known as I.D. Systems, Inc. PowerFleet, Inc. was incorporated 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 Analysis2020/06/05 05:47
End of Day Share Price2020/06/04 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.