NasdaqGS:PTNR

Stock Analysis Report

Executive Summary

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

Rewards

Became profitable this year

Risk Analysis

Earnings have declined by -15.88% per year over past 5 years

Interest payments are not well covered by earnings

Large one-off items impacting financial results



Snowflake Analysis

Mediocre balance sheet and overvalued.


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

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


Market Performance


7 Day Return

4.5%

PTNR

-2.0%

US Wireless Telecom

0.8%

US Market


1 Year Return

-14.8%

PTNR

-0.05%

US Wireless Telecom

17.8%

US Market

Return vs Industry: PTNR underperformed the US Wireless Telecom industry which returned -0% over the past year.

Return vs Market: PTNR underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

PTNRIndustryMarket
7 Day4.5%-2.0%0.8%
30 Day7.5%-3.7%1.8%
90 Day4.0%-8.7%4.1%
1 Year-14.8%-14.8%1.1%-0.05%20.4%17.8%
3 Year-8.5%-8.5%2.7%-0.8%45.9%36.4%
5 Year-20.0%-20.0%80.7%66.9%68.1%49.6%

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?

78.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PTNR ($4.43) is trading above our estimate of fair value ($4.11)

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


Price To Earnings Ratio

PE vs Industry: PTNR is poor value based on its PE Ratio (78.3x) compared to the Wireless Telecom industry average (21.7x).

PE vs Market: PTNR is poor value based on its PE Ratio (78.3x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

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 (2.1x).


Next Steps

Future Growth

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

17.2%

Forecasted Telecom industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Partner Communications has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Partner Communications performed over the past 5 years?

-15.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PTNR has a large one-off loss of ₪9.0M impacting its September 30 2019 financial results.

Growing Profit Margin: PTNR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PTNR's earnings have declined by -15.9% per year over the past 5 years.

Accelerating Growth: PTNR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PTNR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Wireless Telecom industry (-39.1%).


Return on Equity

High ROE: PTNR's Return on Equity (2.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Partner Communications's financial position?


Financial Position Analysis

Short Term Liabilities: PTNR's short term assets (₪1.4B) exceed 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 (112.7%) is considered high.

Reducing Debt: PTNR's debt to equity ratio has reduced from 333.1% to 112.7% over the past 5 years.

Debt Coverage: PTNR's debt is well covered by operating cash flow (49.2%).

Interest Coverage: PTNR's interest payments on its debt are not well covered by EBIT (1.4x 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%1.4%markettop25%3.7%industryaverage7.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

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.


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.


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?

3.6yrs

Average management tenure


CEO

Isaac Benbenisti (54yo)

4.4yrs

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 ($USD0.00) is below average for companies of similar size in the US market ($USD2.65M).

Compensation vs Earnings: Isaac's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.6yrs

Average Tenure

46yo

Average Age

Experienced Management: PTNR's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

3.1yrs

Average Tenure

54yo

Average Age

Experienced Board: PTNR's board of directors are considered experienced (3.1 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

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


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: 4.4yrs
    • Compensation: ₪9.49m
  • Yuval Keinan (44yo)

    Deputy Chief Executive Officer

    • Tenure: 3.9yrs
    • Compensation: ₪6.55m
  • Tamir Amar

    Chief Financial Officer

    • Tenure: 1.8yrs
  • Hadar Vismunski-Weinberg (45yo)

    Chief Legal Counsel

    • Tenure: 2.8yrs
  • Liat Shaft

    Head of Investor Relations & Corporate Projects

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

    Vice President Technologies & IT Division

    • Tenure: 3.6yrs
  • Sigal Tzadok

    Head of the Finance Department & Comptroller

    • Tenure: 0yrs
  • Gideon Koch

    IR Officer

    • Tenure: 0yrs

Board Members

  • Woolfson Ben Zeev (67yo)

    Independent Director

    • Tenure: 10.2yrs
  • Osnat Ronen (57yo)

    Independent Chairman of the Board

    • Tenure: 0.08yrs
  • Arie Steinberg (54yo)

    Independent Director

    • Tenure: 7.9yrs
  • Richard Hunter

    Director

    • Tenure: 0.08yrs
  • Yehuda Saban (41yo)

    Director

    • Tenure: 4.7yrs
  • Jonathan Kolodny

    External Director

    • Tenure: 1.6yrs
  • Ori Yaron (53yo)

    Director

    • Tenure: 5.6yrs
  • Yossi Shachak

    Director

    • Tenure: 0.08yrs

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$708.390m
  • Shares outstanding: 162.82m
  • 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 Analysis2019/12/11 23:40
End of Day Share Price2019/12/11 00:00
Earnings2019/09/30
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.