NasdaqGS:PTNR

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

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


Snowflake Analysis

Mediocre balance sheet with questionable track record.


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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: PTNR's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

7.8%

PTNR

0.08%

US Wireless Telecom

2.1%

US Market


1 Year Return

15.0%

PTNR

51.2%

US Wireless Telecom

19.8%

US Market

Return vs Industry: PTNR underperformed the US Wireless Telecom industry which returned 51.1% over the past year.

Return vs Market: PTNR underperformed the US Market which returned 19.7% over the past year.


Shareholder returns

PTNRIndustryMarket
7 Day7.8%0.08%2.1%
30 Day32.7%14.4%8.1%
90 Day28.8%9.7%6.0%
1 Year15.0%15.0%51.6%51.2%22.5%19.8%
3 Year-8.5%-8.5%78.7%74.6%46.5%36.8%
5 Year13.3%13.3%185.8%172.6%96.9%75.3%

Long-Term 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?

17.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PTNR ($5.28) is trading below our estimate of fair value ($6.41)

Significantly Below Fair Value: PTNR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PTNR is poor value based on its PE Ratio (163.8x) compared to the US Wireless Telecom industry average (29.4x).

PE vs Market: PTNR is poor value based on its PE Ratio (163.8x) compared to the US market (19.7x).


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's PB Ratio (1.9x) is in line with the US Wireless Telecom industry average.


Next Steps

Future Growth

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

35.0%

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?

7.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PTNR has high quality earnings.

Growing Profit Margin: PTNR's current net profit margins (0.6%) are lower than last year (1%).


Past Earnings Growth Analysis

Earnings Trend: PTNR's earnings have grown by 7.1% per year over the past 5 years.

Accelerating Growth: PTNR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PTNR had negative earnings growth (-40.4%) over the past year, making it difficult to compare to the Wireless Telecom industry average (77.1%).


Return on Equity

High ROE: PTNR's Return on Equity (1.1%) is considered low.


Next Steps

Financial Health

How is Partner Communications's financial position?


Financial Position Analysis

Short Term Liabilities: PTNR's short term assets (₪1.8B) exceed its short term liabilities (₪1.4B).

Long Term Liabilities: PTNR's short term assets (₪1.8B) do not cover its long term liabilities (₪2.0B).


Debt to Equity History and Analysis

Debt Level: PTNR's debt to equity ratio (96.5%) is considered high.

Reducing Debt: PTNR's debt to equity ratio has reduced from 350.3% to 96.5% over the past 5 years.

Debt Coverage: PTNR's debt is well covered by operating cash flow (47.3%).

Interest Coverage: PTNR's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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.


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

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

4.5yrs

Average management tenure


CEO

Isaac Benbenisti (55 yo)

5.33yrs

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 ($USD0.00) is below average for companies of similar size in the US market ($USD2.56M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Isaac Benbenisti
Chief Executive Officer5.33yrs₪9.49mno data
Einat Rom
Vice President of Human Resources & Administrationno data₪3.40mno data
Yuval Keinan
Deputy Chief Executive Officer4.83yrs₪6.55mno data
Zvika Shenfeld
Vice President of Private & Retail Divisionno data₪3.42mno data
Tamir Amar
Chief Financial Officer2.75yrsno datano data
Raz Bartov
Vice President Technologies & IT Division4.5yrsno datano data
Liat Shaft
Head of Investor Relations & Corporate Projectsno datano datano data
Hadar Vismunski-Weinberg
Chief Legal Counsel3.67yrsno datano data
Sigal Tzadok
Head of the Finance Department & Comptrollerno datano datano data
Gideon Koch
IR Officerno datano datano data

4.5yrs

Average Tenure

47yo

Average Age

Experienced Management: PTNR's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Barry Ben Zeev
Independent Director11.08yrsno datano data
Osnat Ronen
Independent Chairman of the Board1yrno datano data
Arik Steinberg
Independent Director8.83yrsno datano data
Richard Hunter
Director1yrno datano data
Yehuda Saban
Director5.58yrsno datano data
Jonathan Kolodny
Independent External Director2.5yrsno datano data
Ori Yaron
Director6.5yrsno datano data
Yossi Shachak
Director1yrno datano data

4.0yrs

Average Tenure

55yo

Average Age

Experienced Board: PTNR's board of directors are considered experienced (4 years average tenure).


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

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.2%.


Top Shareholders

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$964.725m
  • Shares outstanding: 182.71m
  • 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)YesADRUSUSDOct 1999
PUGDB (Deutsche Boerse AG)YesADRDEEUROct 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 Analysis2020/11/26 23:21
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
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.