NasdaqGS:PTNR

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-2.1%

PTNR

1.6%

US Wireless Telecom

1.8%

US Market


1 Year Return

-9.9%

PTNR

3.2%

US Wireless Telecom

7.3%

US Market

Return vs Industry: PTNR underperformed the US Wireless Telecom industry which returned 3.2% over the past year.

Return vs Market: PTNR underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

PTNRIndustryMarket
7 Day-2.1%1.6%1.8%
30 Day3.5%-0.9%-0.7%
90 Day-2.1%-2.8%0.06%
1 Year-9.9%-9.9%4.5%3.2%9.7%7.3%
3 Year-4.0%-4.0%34.5%29.6%46.3%36.9%
5 Year-35.8%-35.8%51.5%37.8%64.5%46.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

46.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: PTNR ($4.45) is trading below our estimate of fair value ($8.24)

Significantly Undervalued: PTNR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PTNR is poor value based on its PE Ratio (50.5x) compared to the Wireless Telecom industry average (22.1x).

PE vs Market: PTNR is poor value based on its PE Ratio (50.5x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PTNR is good value based on its PB Ratio (1.8x) compared to the US Wireless Telecom industry average (2x).


Next Steps

Future Growth

How is Partner Communications forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PTNR's forecast earnings growth (2.6% per year) is below the savings rate (2.7%).

Earnings vs Market: PTNR's earnings (2.6% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: PTNR's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if PTNR's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if PTNR's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Partner Communications performed over the past 5 years?

-20.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PTNR's earnings have declined by -20% per year over the past 5 years.

Accelerating Growth: PTNR's earnings growth over the past year (240%) exceeds its 5-year average (-20% per year).

Earnings vs Industry: PTNR earnings growth over the past year (240%) exceeded the Wireless Telecom industry 7.7%.


Return on Equity

High ROE: PTNR's Return on Equity (3.6%) is considered low.


Return on Assets

ROA vs Industry: PTNR's Return on Assets is below or equal to the Wireless Telecom industry average last year.


Return on Capital Employed

ROCE Improving: PTNR's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Partner Communications's financial position?


Financial Position Analysis

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

Long Term Liabilities: PTNR's short term assets (1.4B) do not cover its long term liabilities (2.0B)


Debt to Equity History and Analysis

Debt Level: PTNR's debt to equity ratio (114.3%) is considered high

Reducing Debt: PTNR's debt to equity ratio has reduced from 346.7% to 114.3% over the past 5 years.

Debt Coverage: PTNR's debt is well covered by operating cash flow (46.3%).

Interest Coverage: PTNR's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet

Inventory Level: PTNR has a high level of physical assets or inventory.

Debt Coverage by Assets: PTNR's debt is not covered by short term assets (assets are 0.9x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.7%industryaverage7.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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.


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Partner Communications's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average management tenure


CEO

Isaac Benbenisti (54yo)

4.3yrs

Tenure

₪9,488,000

Compensation

Mr. Isaac Benbenisti has been the Chief Executive Officer of Partner Communications Company Ltd. since July 1, 2015. Mr. Benbenisti served as Deputy Chief Executive Officer at Partner Communications Compan ...


CEO Compensation Analysis

Compensation vs. Market: Isaac's total compensation ($USD0.00) is too low to compare against companies of similar size in the US market ($USD2.67M).

Compensation vs Earnings: Isaac's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.4yrs

Average Tenure

46yo

Average Age

Experienced Management: PTNR's management team is considered experienced (3.4 years average tenure).


Board Age and Tenure

6.3yrs

Average Tenure

54yo

Average Age

Experienced Board: PTNR's board of directors are considered experienced (6.3 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Zvika Shenfeld (47yo)

    Vice President of Private & Retail Division

    • Tenure: 0yrs
    • Compensation: ₪3.42m
  • Einat Rom (53yo)

    Vice President of Human Resources & Administration

    • Tenure: 0yrs
    • Compensation: ₪3.40m
  • Isaac Benbenisti (54yo)

    Chief Executive Officer

    • Tenure: 4.3yrs
    • Compensation: ₪9.49m
  • Yuval Keinan (44yo)

    Deputy Chief Executive Officer

    • Tenure: 3.8yrs
    • Compensation: ₪6.55m
  • Tamir Amar

    Chief Financial Officer

    • Tenure: 1.7yrs
  • Hadar Vismunski-Weinberg (45yo)

    Chief Legal Counsel

    • Tenure: 2.6yrs
  • Liat Shaft

    Head of Investor Relations & Corporate Projects

    • Tenure: 0yrs
  • Raz Bartov (41yo)

    Vice President Technologies & IT Division

    • Tenure: 3.4yrs
  • Sigal Tzadok

    Head of the Finance Department & Comptroller

    • Tenure: 0yrs
  • Gideon Koch

    IR Officer

    • Tenure: 0yrs

Board Members

  • Yoav Rubinstein (46yo)

    Director

    • Tenure: 6.8yrs
  • Adam Chesnoff (54yo)

    Chairman of the Board

    • Tenure: 5.9yrs
  • Elon Shalev (68yo)

    Vice Chairman

    • Tenure: 5.9yrs
  • Arieh Saban (72yo)

    Director

    • Tenure: 6.8yrs
  • Woolfson Ben Zeev (67yo)

    Independent Director

    • Tenure: 10yrs
  • Osnat Ronen (57yo)

    Independent Director

    • Tenure: 9.8yrs
  • Arie Steinberg (54yo)

    Independent Director

    • Tenure: 7.8yrs
  • Sumeet Jaisinghani (34yo)

    Director

    • Tenure: 1.4yrs
  • Yehuda Saban (41yo)

    Director

    • Tenure: 4.5yrs
  • Ori Yaron (53yo)

    Director

    • Tenure: 5.4yrs

Company Information

Partner Communications Company Ltd.'s company bio, 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
  • Market Cap: US$730.084m
  • Shares outstanding: 163.98m
  • 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

Biography

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 ba ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 23:38
End of Day Share Price2019/10/18 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.