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PTNR

Partner Communications NasdaqGS:PTNR Stock Report

Last Price

US$7.20

Market Cap

US$1.3b

7D

-2.7%

1Y

63.9%

Updated

03 Oct, 2022

Data

Company Financials +
PTNR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends0/6

PTNR Stock Overview

Partner Communications Company Ltd. provides various telecommunication services in Israel.

Rewards

Trading at 60.5% below our estimate of its fair value

Earnings grew by 1235.7% over the past year

Risk Analysis

No risks detected for PTNR from our risk checks.

Partner Communications Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Partner Communications
Historical stock prices
Current Share PriceUS$7.20
52 Week HighUS$9.27
52 Week LowUS$4.00
Beta0.72
1 Month Change-17.86%
3 Month Change0.093%
1 Year Change63.93%
3 Year Change58.33%
5 Year Change38.72%
Change since IPO-55.54%

Recent News & Updates

Sep 23
Partner Communications (NASDAQ:PTNR) Is Doing The Right Things To Multiply Its Share Price

Partner Communications (NASDAQ:PTNR) Is Doing The Right Things To Multiply Its Share Price

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...

Sep 01

Partner Communications appoints Dganit Kramer as deputy CEO

Partner Communications (NASDAQ:PTNR) has named Dganit Kramer as its deputy CEO. The effective date of her office is yet to be determined. Prior to this appointment, Kramer served as acting CEO as well as deputy CEO and VP of The Private Division at Yes, Pelephone and Bezeq International. Additionally, Miri Takutiel, who previously served as Head of Economics and Head of Planning and Corporate at Bezeq,  has been appointed as CFO of the Israeli communications operator. Sigal Tzadok, Head of the Finance Department and the Company Comptroller, will serve as acting CFO during the period from Sep 4, 2022 until Ms. Takutiel takes office. PTNR shares are trading 1.58% higher pre-market Earlier this month, Partner Communications announced receipt of lawsuit filed by shareholder Lapidot Capital

Aug 17

Partner Communications announces receipt of lawsuit filed by shareholder Lapidot Capital

Partner Communications (NASDAQ:PTNR) said Wednesday it received a lawsuit filed by Lapidot Capital, which holds ~2.2M of its shares, in the Central District Court in Lod. Lapidot's stock is currently registered under its name in PTNR's shareholder registry as founding Israeli shareholder shares, as defined in PTNR's articles of association. The plaintiff claims that due to changes to PTNR's MRT license, its articles of association no longer require the registration of Lapidot's shares under its name in PTNR's shareholder registry. Lapidot is petitioning the court to instruct PTNR to register the plaintiff's shares in its shareholder registry under PTNR's nominee firm Mizrahi Tfahot Nominee as regular and free shares, which will allow trading the shares on the stock exchange, and a declaratory relief according to which Lapidot is entitled to receive damages from PTNR equal to the value of the plaintiff's shares according to their price on the date the lawsuit was filed, in addition to interest and linkage differences from the date the lawsuit was filed till the day the damages are granted, to be offset by the value of the shares on the day the plaintiff's shares will be registered under Mizrahi Tfahot. PTNR is reviewing the lawsuit and is unable to evaluate the probability of the lawsuit's success as the proceeding is in prelim. stage.

Shareholder Returns

PTNRUS Wireless TelecomUS Market
7D-2.7%1.1%-2.5%
1Y63.9%-0.2%-23.2%

Return vs Industry: PTNR exceeded the US Wireless Telecom industry which returned -0.2% over the past year.

Return vs Market: PTNR exceeded the US Market which returned -23.2% over the past year.

Price Volatility

Is PTNR's price volatile compared to industry and market?
PTNR volatility
PTNR Average Weekly Movement5.1%
Wireless Telecom Industry Average Movement6.9%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: PTNR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PTNR's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19972,588Avi Gabbayhttps://www.partner.co.il

Partner Communications Company Ltd. provides various telecommunication services in Israel. It operates in two segments, Cellular and Fixed-Line. The company offers cellular telephony services, including basic cellular telephony, text messaging, internet browsing and data transfer, content, handset repair, roaming, and services provided to other operators that are permitted to use its cellular network, as well as Machine to Machine and Internet of Things services.

Partner Communications Fundamentals Summary

How do Partner Communications's earnings and revenue compare to its market cap?
PTNR fundamental statistics
Market CapUS$1.34b
Earnings (TTM)US$52.75m
Revenue (TTM)US$960.00m

25.4x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PTNR income statement (TTM)
Revenue₪3.40b
Cost of Revenue₪2.67b
Gross Profit₪737.00m
Other Expenses₪550.00m
Earnings₪187.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.01
Gross Margin21.66%
Net Profit Margin5.50%
Debt/Equity Ratio73.3%

How did PTNR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is PTNR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PTNR?

Other financial metrics that can be useful for relative valuation.

PTNR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.8x
Enterprise Value/EBITDA9.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does PTNR's PE Ratio compare to its peers?

PTNR PE Ratio vs Peers
The above table shows the PE ratio for PTNR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.7x
TDS Telephone and Data Systems
16.5x-7.8%US$1.7b
GOGO Gogo
6x-1.1%US$1.6b
TIGO Millicom International Cellular
2.9x15.3%US$2.0b
USM United States Cellular
17.5x25.4%US$2.3b
PTNR Partner Communications
25.4xn/aUS$1.3b

Price-To-Earnings vs Peers: PTNR is expensive based on its Price-To-Earnings Ratio (25.4x) compared to the peer average (10.7x).


Price to Earnings Ratio vs Industry

How does PTNR's PE Ratio compare vs other companies in the Global Wireless Telecom Industry?

Price-To-Earnings vs Industry: PTNR is expensive based on its Price-To-Earnings Ratio (25.4x) compared to the Global Wireless Telecom industry average (14.3x)


Price to Earnings Ratio vs Fair Ratio

What is PTNR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PTNR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PTNR's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of PTNR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PTNR ($7.2) is trading below our estimate of fair value ($18.22)

Significantly Below Fair Value: PTNR is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Partner Communications forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.5%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if PTNR's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if PTNR's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if PTNR's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PTNR's revenue (2.5% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: PTNR's revenue (2.5% 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 PTNR's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Partner Communications performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PTNR has high quality earnings.

Growing Profit Margin: PTNR's current net profit margins (5.5%) are higher than last year (0.4%).


Past Earnings Growth Analysis

Earnings Trend: PTNR's earnings have grown by 2.5% per year over the past 5 years.

Accelerating Growth: PTNR's earnings growth over the past year (1235.7%) exceeds its 5-year average (2.5% per year).

Earnings vs Industry: PTNR earnings growth over the past year (1235.7%) exceeded the Wireless Telecom industry -29.2%.


Return on Equity

High ROE: PTNR's Return on Equity (9.6%) is considered low.


Discover strong past performing companies

Financial Health

How is Partner Communications's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PTNR's short term assets (₪1.6B) exceed its short term liabilities (₪1.4B).

Long Term Liabilities: PTNR's short term assets (₪1.6B) do not cover its long term liabilities (₪1.9B).


Debt to Equity History and Analysis

Debt Level: PTNR's net debt to equity ratio (36.1%) is considered satisfactory.

Reducing Debt: PTNR's debt to equity ratio has reduced from 141.6% to 73.3% over the past 5 years.

Debt Coverage: PTNR's debt is well covered by operating cash flow (61.8%).

Interest Coverage: PTNR's interest payments on its debt are well covered by EBIT (3.9x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Partner Communications Dividend Yield vs Market
How does Partner Communications dividend yield compare to the market?
SegmentDividend Yield
Company (Partner Communications)0%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Wireless Telecom)5.0%
Analyst forecast in 3 Years (Partner Communications)n/a

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

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

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


Earnings Payout to Shareholders

Earnings Coverage: PTNR is not paying a notable dividend for the US market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PTNR has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.3yrs

Average management tenure


CEO

Avi Gabbay (55 yo)

0.33yr

Tenure

Mr. Avraham Gabbay, also known as Avi, is Chief Executive Officer of Partner Communications Company Ltd. from June 1, 2022. He had been Chief Executive Officer at Cellcom Israel Ltd.since January 19, 2019...


Leadership Team

Experienced Management: PTNR's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: PTNR's board of directors are not considered experienced ( 1.1 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.


Ownership Breakdown

What is the ownership structure of PTNR?
Owner TypeNumber of SharesOwnership Percentage
Private Companies51,221,56327.5%
General Public64,104,26334.5%
Institutions70,638,44538.0%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 64.02% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
26.81%
S.B. Israel Telecom Ltd.
49,862,800₪358.8m0%no data
7.18%
Menora Mivtachim Pensions & Gemel Ltd.
13,353,537₪96.1m0%1.17%
6.57%
Clal Financial Management Ltd
12,213,721₪87.9m0%1.03%
5.05%
Amitim Pension Funds
9,386,156₪67.5m0%100%
4.17%
Psagot Provident Funds And Pension Ltd.
7,746,322₪55.7m0%9.82%
1.76%
The Vanguard Group, Inc.
3,277,008₪23.6m5.59%no data
1.72%
Yelin Lapidot - Mutual Funds Management Ltd.
3,203,217₪23.1m6.54%1.03%
1.46%
Migdal Mutual Funds Ltd.
2,713,575₪19.5m2.56%0.15%
1.37%
Renaissance Technologies LLC
2,556,650₪18.4m-0.78%0.02%
1.32%
Dimensional Fund Advisors LP
2,460,205₪17.7m0.29%no data
1.16%
Harel Mutual Funds Ltd.
2,149,935₪15.5m0%0.51%
0.9%
Psagot Mutual Funds Ltd.
1,678,414₪12.1m0%0.76%
0.83%
BlackRock, Inc.
1,547,318₪11.1m-0.61%no data
0.73%
Kesem Trust Funds Ltd
1,358,763₪9.8m0%no data
0.54%
Ayalon Mutual Funds Ltd.
996,640₪7.2m0.14%1.08%
0.38%
Clal Insurance Enterprises Holdings Ltd, Asset Management Arm
713,539₪5.1m0%no data
0.37%
Psagot Index Funds Ltd
685,575₪4.9m-1.7%0.31%
0.37%
The Phoenix Investment and Finances Ltd.
683,272₪4.9m0%0.06%
0.27%
American Century Investment Management Inc
500,852₪3.6m9.31%no data
0.25%
I.B.I Mutual Funds Management (1978) Ltd.
459,323₪3.3m-0.28%0.51%
0.18%
Charles Schwab Investment Management, Inc.
333,860₪2.4m1.83%no data
0.17%
Clal Israel Pension And Provident Funds Ltd
322,373₪2.3m0%no data
0.16%
Forest Investments Ltd.
305,635₪2.2m0%1.95%
0.15%
ARK Investment Management LLC
272,983₪2.0m-15.3%0.01%
0.15%
Norges Bank Investment Management
271,514₪2.0m0%no data

Company Information

Partner Communications Company Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Partner Communications Company Ltd.
  • Ticker: PTNR
  • Exchange: NasdaqGS
  • Founded: 1997
  • Industry: Wireless Telecommunication Services
  • Sector: Telecom
  • Implied Market Cap: US$1.338b
  • Shares outstanding: 185.96m
  • Website: https://www.partner.co.il

Number of Employees


Location

  • Partner Communications Company Ltd.
  • Afeq Industrial Park
  • 8 Amal Street
  • Rosh Haayin
  • 48103
  • Israel


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PTNRNasdaqGS (Nasdaq Global Select)YesADS EACH REPR 1 ORD ILS0.01USUSDOct 1999
PUGDB (Deutsche Boerse AG)YesADS EACH REPR 1 ORD ILS0.01DEEUROct 1999
PTNRTASE (The Tel-Aviv Stock Exchange)Ordinary SharesILILSJul 2001

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.