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Internet Gold - Golden Lines

Nasdaq:IGLD
Snowflake Description

Moderate growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IGLD
Nasdaq
$9M
Market Cap
  1. Home
  2. US
  3. Telecom
Company description

Internet Gold - Golden Lines Ltd. provides various telecommunications services in Israel. The last earnings update was 45 days ago. More info.


Add to Portfolio Compare Print
  • Internet Gold - Golden Lines has significant price volatility in the past 3 months.
IGLD Share Price and Events
7 Day Returns
8.3%
NasdaqGS:IGLD
-1.6%
US Telecom
0.6%
US Market
1 Year Returns
-88.2%
NasdaqGS:IGLD
6.5%
US Telecom
4.7%
US Market
IGLD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Internet Gold - Golden Lines (IGLD) 8.3% 4.1% -38.1% -88.2% -97.6% -96.6%
US Telecom -1.6% 2% 1.4% 6.5% -13.3% -4.5%
US Market 0.6% 4.2% 2.7% 4.7% 38% 43.5%
1 Year Return vs Industry and Market
  • IGLD underperformed the Telecom industry which returned 6.5% over the past year.
  • IGLD underperformed the Market in United States of America which returned 4.7% over the past year.
Price Volatility
IGLD
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Internet Gold - Golden Lines's competitors could be found in our database.

Value

 Is Internet Gold - Golden Lines undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Internet Gold - Golden Lines to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Internet Gold - Golden Lines.

NasdaqGS:IGLD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:IGLD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.35
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.352 (1 + (1- 23%) (48434.11%))
88.411
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for NasdaqGS:IGLD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Internet Gold - Golden Lines is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:IGLD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ILS, Millions) Source Present Value
Discounted (@ 14.65%)
2020 1,980.36 Est @ 1.35% 1,727.31
2021 2,015.32 Est @ 1.77% 1,533.19
2022 2,056.73 Est @ 2.05% 1,364.76
2023 2,103.16 Est @ 2.26% 1,217.24
2024 2,153.61 Est @ 2.4% 1,087.17
2025 2,207.42 Est @ 2.5% 971.94
2026 2,264.10 Est @ 2.57% 869.52
2027 2,323.34 Est @ 2.62% 778.25
2028 2,384.92 Est @ 2.65% 696.80
2029 2,448.70 Est @ 2.67% 624.02
Present value of next 10 years cash flows ₪10,870.19
NasdaqGS:IGLD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₪2,448.70 × (1 + 2.73%) ÷ (14.65% – 2.73%)
₪21,103.64
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₪21,103.64 ÷ (1 + 14.65%)10
₪5,377.95
NasdaqGS:IGLD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₪10,870.19 + ₪5,377.95
₪16,248.15
Equity Value per Share
(ILS)
= Total value / Shares Outstanding
= ₪16,248.15 / 28.00
₪580.22
NasdaqGS:IGLD Discount to Share Price
Calculation Result
Exchange Rate ILS/USD
(Reporting currency to currency of NasdaqGS:IGLD)
0.281
Value per Share
(USD)
= Value per Share in ILS x Exchange Rate (ILS/USD)
= ₪580.22 x 0.281
$163.2
Value per share (USD) From above. $163.20
Current discount Discount to share price of $0.33
= -1 x ($0.33 - $163.20) / $163.20
99.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Internet Gold - Golden Lines is available for.
Intrinsic value
>50%
Share price is $0.33 vs Future cash flow value of $163.2
Current Discount Checks
For Internet Gold - Golden Lines to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Internet Gold - Golden Lines's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Internet Gold - Golden Lines's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Internet Gold - Golden Lines's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Internet Gold - Golden Lines's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:IGLD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in ILS ₪-26.84
NasdaqGS:IGLD Share Price ** NasdaqGS (2019-07-12) in USD $0.33
NasdaqGS:IGLD Share Price converted to ILS reporting currency Exchange rate (USD/ ILS) 3.555 ₪1.17
United States of America Telecom Industry PE Ratio Median Figure of 17 Publicly-Listed Telecom Companies 14.77x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 18.01x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Internet Gold - Golden Lines.

NasdaqGS:IGLD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:IGLD Share Price ÷ EPS (both in ILS)

= 1.17 ÷ -26.84

-0.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Internet Gold - Golden Lines is loss making, we can't compare its value to the US Telecom industry average.
  • Internet Gold - Golden Lines is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Internet Gold - Golden Lines's expected growth come at a high price?
Raw Data
NasdaqGS:IGLD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
58.3%per year
United States of America Telecom Industry PEG Ratio Median Figure of 8 Publicly-Listed Telecom Companies 1.57x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Internet Gold - Golden Lines, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Internet Gold - Golden Lines's assets?
Raw Data
NasdaqGS:IGLD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in ILS ₪-14.18
NasdaqGS:IGLD Share Price * NasdaqGS (2019-07-12) in USD $0.33
NasdaqGS:IGLD Share Price converted to ILS reporting currency Exchange rate (USD/ ILS) 3.555 ₪1.17
United States of America Telecom Industry PB Ratio Median Figure of 30 Publicly-Listed Telecom Companies 1.5x
United States of America Market PB Ratio Median Figure of 5,239 Publicly-Listed Companies 1.81x
NasdaqGS:IGLD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:IGLD Share Price ÷ Book Value per Share (both in ILS)

= 1.17 ÷ -14.18

-0.08x

* Primary Listing of Internet Gold - Golden Lines.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Internet Gold - Golden Lines has negative assets, we can't compare the value of its assets to the US Telecom industry average.
X
Value checks
We assess Internet Gold - Golden Lines's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Telecom industry average (and greater than 0)? (1 check)
  5. Internet Gold - Golden Lines has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Internet Gold - Golden Lines expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Internet Gold - Golden Lines, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
58.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Internet Gold - Golden Lines expected to grow at an attractive rate?
  • Internet Gold - Golden Lines's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Internet Gold - Golden Lines's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Internet Gold - Golden Lines's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:IGLD Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:IGLD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 58.3%
United States of America Telecom Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
United States of America Telecom Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:IGLD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in ILS Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:IGLD Past Financials Data
Date (Data in ILS Millions) Revenue Cash Flow Net Income *
2019-03-31 9,217 -708
2018-12-31 9,321 3,472 -717
2018-09-30 9,453 -258
2018-06-30 9,567 -249
2018-03-31 9,697 -18
2017-12-31 9,789 3,480 -15
2017-09-30 9,835 38
2017-06-30 9,930 -160
2017-03-31 9,978 -160
2016-12-31 10,084 3,457 -202
2016-09-30 10,186 -128
2016-06-30 10,278 3,582 54

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Internet Gold - Golden Lines's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Internet Gold - Golden Lines is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:IGLD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Internet Gold - Golden Lines Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:IGLD Past Financials Data
Date (Data in ILS Millions) EPS *
2019-03-31 -26.84
2018-12-31 -29.75
2018-09-30 -10.23
2018-06-30 -10.74
2018-03-31 -0.92
2017-12-31 -0.78
2017-09-30 1.99
2017-06-30 -8.40
2017-03-31 -8.44
2016-12-31 -10.52
2016-09-30 -6.61
2016-06-30 2.74

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Internet Gold - Golden Lines will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Internet Gold - Golden Lines's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Internet Gold - Golden Lines has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Internet Gold - Golden Lines performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Internet Gold - Golden Lines's growth in the last year to its industry (Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Internet Gold - Golden Lines does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Internet Gold - Golden Lines's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Internet Gold - Golden Lines's 1-year growth to the US Telecom industry average as it is not currently profitable.
Earnings and Revenue History
Internet Gold - Golden Lines's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Internet Gold - Golden Lines Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:IGLD Past Revenue, Cash Flow and Net Income Data
Date (Data in ILS Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 9,217.00 -708.00 3,377.00
2018-12-31 9,321.00 -717.00 3,405.00
2018-09-30 9,453.00 -258.00 3,526.00
2018-06-30 9,567.00 -249.00 3,666.00
2018-03-31 9,697.00 -18.00 3,794.00
2017-12-31 9,789.00 -15.00 3,911.00
2017-09-30 9,835.00 38.00 3,926.00
2017-06-30 9,930.00 -160.00 3,964.00
2017-03-31 9,978.00 -160.00 3,963.00
2016-12-31 10,084.00 -202.00 4,024.00
2016-09-30 10,186.00 -128.00 4,065.00
2016-06-30 10,278.00 54.00 4,071.00
2016-03-31 10,370.00 27.00 4,099.00
2015-12-31 9,985.00 87.00 3,878.00
2015-09-30 9,641.00 48.00 3,660.00
2015-06-30 9,271.00 24.00 3,481.00
2015-03-31 8,918.00 69.00 3,302.00
2014-12-31 9,055.00 -103.00 3,371.00
2014-09-30 9,202.00 -124.00 3,495.00
2014-06-30 9,368.00 -136.00 3,561.00
2014-03-31 9,469.00 -155.00 3,568.00
2013-12-31 9,563.00 26.00 3,586.00
2013-09-30 9,603.00 15.00 3,590.00
2013-06-30 9,699.00 89.00 3,665.00
2013-03-31 9,943.00 -14.00 3,803.00
2012-12-31 10,278.00 -37.00 3,997.00
2012-09-30 10,479.00 -154.00 4,033.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Internet Gold - Golden Lines has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Internet Gold - Golden Lines has efficiently used its assets last year compared to the US Telecom industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Internet Gold - Golden Lines improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Internet Gold - Golden Lines's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Internet Gold - Golden Lines has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Internet Gold - Golden Lines's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Internet Gold - Golden Lines's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Internet Gold - Golden Lines's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Internet Gold - Golden Lines's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Internet Gold - Golden Lines's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Internet Gold - Golden Lines Company Filings, last reported 3 months ago.

NasdaqGS:IGLD Past Debt and Equity Data
Date (Data in ILS Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 515.00 14,334.00 3,455.00
2018-12-31 164.00 14,361.00 3,020.00
2018-09-30 2,196.00 15,130.00 3,625.00
2018-06-30 2,266.00 15,260.00 3,407.00
2018-03-31 2,644.00 15,413.00 3,868.00
2017-12-31 2,456.00 15,104.00 3,177.00
2017-09-30 2,430.00 14,763.00 3,124.00
2017-06-30 2,763.00 14,751.00 2,461.00
2017-03-31 2,967.00 13,933.00 1,886.00
2016-12-31 2,737.00 14,422.00 2,050.00
2016-09-30 2,660.00 14,717.00 2,495.00
2016-06-30 3,192.00 15,825.00 3,342.00
2016-03-31 3,631.00 14,776.00 2,757.00
2015-12-31 2,601.00 15,434.00 2,393.00
2015-09-30 2,288.00 15,929.00 3,352.00
2015-06-30 2,738.00 16,118.00 3,096.00
2015-03-31 3,088.00 16,848.00 4,957.00
2014-12-31 2,766.00 14,980.00 4,138.00
2014-09-30 2,483.00 15,160.00 5,182.00
2014-06-30 3,182.00 13,943.00 3,441.00
2014-03-31 2,645.00 14,346.00 3,322.00
2013-12-31 3,153.00 14,291.00 2,705.00
2013-09-30 3,018.00 14,818.00 2,894.00
2013-06-30 3,528.00 14,717.00 3,043.00
2013-03-31 3,739.00 14,329.00 2,835.00
2012-12-31 3,480.00 14,582.00 2,405.00
2012-09-30 2,897.00 14,193.00 2,448.00
  • Internet Gold - Golden Lines's level of debt (2783.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (541% vs 2783.3% today).
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.

  • Whilst loss making Internet Gold - Golden Lines has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Internet Gold - Golden Lines has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.6% per year.
X
Financial health checks
We assess Internet Gold - Golden Lines's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Internet Gold - Golden Lines has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Internet Gold - Golden Lines's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Internet Gold - Golden Lines dividends.
If you bought $2,000 of Internet Gold - Golden Lines shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Internet Gold - Golden Lines's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Internet Gold - Golden Lines's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:IGLD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Telecom Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2018 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Internet Gold - Golden Lines has not reported any payouts.
  • Unable to verify if Internet Gold - Golden Lines's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Internet Gold - Golden Lines's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Internet Gold - Golden Lines 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.
X
Income/ dividend checks
We assess Internet Gold - Golden Lines's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Internet Gold - Golden Lines afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Internet Gold - Golden Lines has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Internet Gold - Golden Lines's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Doron Turgeman
COMPENSATION ₪178,000
AGE 51
TENURE AS CEO 7.8 years
CEO Bio

Mr. Doron Turgeman has been the Chief Executive Officer of Internet Gold Golden Lines Ltd. Mr. Turgeman served as the Chief Executive Officer of B Communications Ltd since October 02, 2011 until January 16, 2019. He has been Director of Bezeq The Israel Telecommunication Corp, Limited since March 26, 2018. He served as Chief Financial Officer at Eurocom Communications Ltd. He served as the Chief Financial Officer of Internet Gold Golden Lines Ltd., since May 2001 and served as its Chief Accounting Officer. He served as the Chief Financial Officer of B Communications Ltd. since January 2008 until February 2010 and served as its Deputy Chief Executive Officer. He served as Deputy Chief Executive Officer of Internet Gold Golden Lines Ltd. and for its subsidiary Smile.Media Ltd. since October 2004. Mr. Turgeman served as the Chief Financial Officer of Goldmind Media Ltd., since January 2000 and served as its Deputy chief executive officer since October 2004. He served as Chief Financial Officer of Eurocom Digital Communications Ltd. Since January 2002, he served as Chief Executive Officer and Chief Financial Officer of Start Net Ltd., a company operated by MSN Israel. Mr. Turgeman served as Vice President of Finance at Internet Gold Golden Lines Ltd. since May 2001. He served as the Chief Financial Officer of Internet Gold's subsidiaries MSN Israel Ltd., and Gold Mind Ltd., since January 2000. He joined Internet Gold Golden Lines Ltd. in April 2001. From 1999 to 2000, he served as Controller of Bezeq-call Ltd. From 1997 to 1999, he served as Controller of the Post Office Bank. He has been a Non-Executive Director of XTL Biopharmaceuticals Ltd since December 30, 2014 and serves its chairman. Since January 2002, he served as Director of Start Net Ltd. He served as a Director of B Communications Ltd. since January 2008 until February 2010. He is a Certified Public Accountant in Israel. Mr. Turgeman holds a B.A. degree in Economics and Accounting from the Hebrew University.

CEO Compensation
  • Doron's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Doron's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Internet Gold - Golden Lines management team in years:

2.3
Average Tenure
51
Average Age
  • The tenure for the Internet Gold - Golden Lines management team is about average.
Management Team

Doron Turgeman

TITLE
Chief Executive Officer
COMPENSATION
₪178K
AGE
51
TENURE
7.8 yrs

Ran Nakel

TITLE
Principal Finance Officer
TENURE
0.1 yrs

Yuval Snir

TITLE
Financial Controller & Investor Relations Manager

Ran Guron

TITLE
Chief Executive Officer of Pelephone
AGE
51
TENURE
3.7 yrs

Dudu Mizrahi

TITLE
Chief Executive Officer of Bezeq
AGE
49
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Internet Gold - Golden Lines board of directors in years:

3
Average Tenure
54.5
Average Age
  • The tenure for the Internet Gold - Golden Lines board of directors is about average.
Board of Directors

Moshe Lusky

TITLE
Chairman of the Board
AGE
65
TENURE
0.3 yrs

Dudi Ezra

TITLE
External Director
AGE
48
TENURE
4.9 yrs

Shoshana Shidlo

TITLE
External Director
AGE
52
TENURE
4.9 yrs

Yahel Shachar

TITLE
Director
AGE
57
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Internet Gold - Golden Lines's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Internet Gold - Golden Lines has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could Internet Gold - Golden Lines Ltd.'s (NASDAQ:IGLD) Investor Composition Influence The Stock Price?

A look at the shareholders of Internet Gold - Golden Lines Ltd. … Internet Gold - Golden Lines is a smaller company with a market capitalization of US$23m, so it may still be flying under the radar of many institutional investors. … institutional investors have bought into the company.

Simply Wall St -

Our Take On Internet Gold - Golden Lines Ltd.'s (NASDAQ:IGLD) CEO Salary

In 2011 Doron Turgeman was appointed CEO of Internet Gold - Golden Lines Ltd. … See our latest analysis for Internet Gold - Golden Lines … How Does Doron Turgeman's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Internet Gold - Golden Lines Ltd.’s (NASDAQ:IGLD) Investment Returns Are Lagging Its Industry

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Internet Gold - Golden Lines Ltd. (NASDAQ:IGLD)?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

Should You Worry About Internet Gold - Golden Lines Ltd's (NASDAQ:IGLD) CEO Pay Cheque?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Doron Turgeman's Compensation Compare With Similar Sized Companies. … Our data indicates that Internet Gold - Golden Lines Ltd is worth US$70m, and total annual CEO compensation is ₪196k.

Simply Wall St -

Internet Gold - Golden Lines Ltd (NASDAQ:IGLD): Risks You Need To Consider Before Buying

Generally, an investor should consider two types of risk that impact the market value of IGLD. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … The most widely used metric to quantify a stock's market risk is beta, and the market as a whole represents a beta of one.

Simply Wall St -

Are Internet Gold - Golden Lines Ltd's (NASDAQ:IGLD) Interest Costs Too High?

Internet Gold - Golden Lines Ltd (NASDAQ:IGLD) is a small-cap stock with a market capitalization of US$50.31m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Telecom businesses operating in the environment facing headwinds from current disruption,

Simply Wall St -

Interested In Internet Gold - Golden Lines Ltd (NASDAQ:IGLD)? Here's How It Performed Recently

Today I will examine Internet Gold - Golden Lines Ltd's (NASDAQ:IGLD) latest earnings update (31 March 2018) and compare these figures against its performance over the past couple of years, in addition to how the rest of IGLD's industry performed. … Check out our latest analysis for Internet Gold - Golden Lines How Did IGLD's Recent Performance Stack Up Against Its Past? … For Internet Gold - Golden Lines, its most recent earnings (trailing twelve month) is -₪18.00M, which, relative to last year’s level, has become less negative.

Simply Wall St -

Is Internet Gold - Golden Lines Ltd (NASDAQ:IGLD) A Financially Sound Company?

How does IGLD’s operating cash flow stack up against its debt? … Additionally, IGLD has generated ₪3.46B in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 23.97%, meaning that IGLD’s current level of operating cash is high enough to cover debt. … In IGLD's case, the ratio of 3.81x suggests that interest is appropriately covered, which means that debtors may be willing to loan the company more money, giving IGLD ample headroom to grow its debt facilities.Next Steps: IGLD’s high debt level indicates room for improvement.

Simply Wall St -

Is Internet Gold - Golden Lines Ltd's (IGLD) Balance Sheet A Threat To Its Future?

In the case of IGLD, operating cash flow turned out to be 0.23x its debt level over the past twelve months. … IGLD’s debt and cash flow levels indicate room for improvement. … With a high level of debt on its balance sheet, IGLD could still be in a financially strong position if its cash flow also stacked up.

Simply Wall St -

Company Info

Description

Internet Gold - Golden Lines Ltd. provides various telecommunications services in Israel. The company offers domestic fixed-line, cellular, and international communication services; Internet services; and multi-channel television, television and radio broadcasting, satellite broadcasting, and customer call center services. It also engages in the development and maintenance of communication infrastructure, as well as provision of communication services to other communications providers; online shopping and classified ads; and engages in the supply and maintenance of equipment on customer premises. The company was founded in 1980 and is headquartered in Ramat Gan, Israel. Internet Gold - Golden Lines Ltd. is a subsidiary of Eurocom Communications Ltd.

Details
Name: Internet Gold - Golden Lines Ltd.
IGLD
Exchange: NasdaqGS
Founded: 1980
$9,185,045
28,003,186
Website: http://www.igld.com
Address: Internet Gold - Golden Lines Ltd.
2 Dov Friedman Street,
Ramat Gan,
5250301,
Israel
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS IGLD Ordinary Shares Nasdaq Global Select US USD 06. Aug 1999
TASE IGLD Ordinary Shares The Tel-Aviv Stock Exchange IL ILS 06. Aug 1999
Number of employees
Current staff
Staff numbers
5
Internet Gold - Golden Lines employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/14 23:47
End of day share price update: 2019/07/12 00:00
Last earnings filing: 2019/05/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.