OTCPK:TLLY.F

Stock Analysis Report

Trilogy International Partners

Executive Summary

Trilogy International Partners Inc., together with its subsidiaries, provides wireless voice and data communication services in Bolivia and New Zealand.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has Trilogy International Partners's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.7%

TLLY.F

4.9%

US Wireless Telecom

-1.1%

US Market


1 Year Return

-30.5%

TLLY.F

29.4%

US Wireless Telecom

17.8%

US Market

Return vs Industry: TLLY.F underperformed the US Wireless Telecom industry which returned 28.7% over the past year.

Return vs Market: TLLY.F underperformed the US Market which returned 17.9% over the past year.


Shareholder returns

TLLY.FIndustryMarket
7 Day-2.7%4.9%-1.1%
30 Day-10.3%29.9%1.5%
90 Day-8.2%30.6%6.6%
1 Year-29.8%-30.5%31.1%29.4%20.2%17.8%
3 Yearn/a31.0%26.0%47.5%38.1%
5 Yearn/a103.4%86.8%71.2%52.4%

Price Volatility Vs. Market

How volatile is Trilogy International Partners's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Trilogy International Partners undervalued compared to its fair value and its price relative to the market?


Share Price vs. Fair Value

Below Fair Value: TLLY.F ($1.29) is trading above our estimate of fair value ($0.35)

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


Price To Earnings Ratio

PE vs Industry: TLLY.F is unprofitable, so we can't compare its PE Ratio to the Wireless Telecom industry average.

PE vs Market: TLLY.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TLLY.F has negative assets, so we can't compare its PB Ratio to the US Wireless Telecom industry average.


Next Steps

Future Growth

How is Trilogy International Partners forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-1.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TLLY.F's forecast earnings growth is above the savings rate (1.7%).

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

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

Revenue vs Market: TLLY.F's revenue is expected to decline over the next 3 years (-1% per year).

High Growth Revenue: TLLY.F's revenue is forecast to decline over the next 3 years (-1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Trilogy International Partners performed over the past 5 years?

10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TLLY.F is currently unprofitable.

Growing Profit Margin: TLLY.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TLLY.F is unprofitable, but has reduced losses over the past 5 years at a rate of 10.8% per year.

Accelerating Growth: Unable to compare TLLY.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TLLY.F is unprofitable, making it difficult to compare its past year earnings growth to the Wireless Telecom industry (-10.4%).


Return on Equity

High ROE: TLLY.F's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Trilogy International Partners's financial position?


Financial Position Analysis

Short Term Liabilities: TLLY.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: TLLY.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: TLLY.F has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: TLLY.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: TLLY.F has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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.

Stable Cash Runway: TLLY.F has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: TLLY.F has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 21.2% each year


Next Steps

Dividend

What is Trilogy International Partners's current dividend yield, its reliability and sustainability?

1.17%

Current Dividend Yield


Dividend Yield vs Market

company1.2%marketbottom25%1.4%markettop25%3.7%industryaverage7.0%forecastin3Years1.2%

Current dividend yield vs market & industry

Notable Dividend: TLLY.F's dividend (1.17%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: TLLY.F's dividend (1.17%) is low compared to the top 25% of dividend payers in the US market (3.73%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, TLLY.F has been paying a dividend for less than 10 years.

Growing Dividend: TLLY.F's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: TLLY.F is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: TLLY.F is forecast to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not forecast to be well covered.


Next Steps

Management

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

14.6yrs

Average management tenure


CEO

Brad Horwitz (63yo)

14.1yrs

Tenure

US$1,489,862

Compensation

Mr. Bradley Jay Horwitz, also known as Brad, has been the President and Chief Executive Officer of Trilogy International Partners, Inc. since 2006 and has been its Non-Independent Director since February 7 ...


CEO Compensation Analysis

Compensation vs Market: Brad's total compensation ($USD1.49M) is above average for companies of similar size in the US market ($USD522.48K).

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


Leadership Team

NamePositionTenureCompensationOwnership
John Stanton
Founder0yrsno datano data
Bradley Horwitz
Co-Founder14.1yrsUS$1.49m3.87% $3.5m
Theresa Gillespie
Co-Founder & Non-Independent Director3yrsno datano data
Erik Mickels
Senior VP & CFO0yrsUS$1.07m0.15% $130.1k
Scott Morris
Senior VP0yrsUS$1.09m0.55% $492.2k
Juan Calvo
President of Nuevatel0yrsUS$901.42k0.37% $326.9k
Ann Saxton
Vice President of Investor Relations & Corporate Development0yrsno datano data
Andrew Davies
Executive Vice President of Corporate Development0yrsno data0.037% $32.9k
Tomas Perez
Chief Executive Officer of NuevaTel0.8yrsno data0.033% $29.8k

14.6yrs

Average Tenure

64yo

Average Age

Experienced Management: TLLY.F's management team is seasoned and experienced (14.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Stanton
Founder0yrsno datano data
Bradley Horwitz
Co-Founder14.1yrsUS$1.49m3.87% $3.5m
Theresa Gillespie
Co-Founder & Non-Independent Director3yrsno datano data
Reza Satchu
Non-Independent Director4.8yrsno datano data
Alan Horn
Independent Director1.3yrsUS$25.00kno data
Nadir Mohamed
Lead Independent Director3.1yrsUS$100.29k0.34% $305.3k
Mark Kroloff
Independent Director3yrsUS$100.07k0.74% $657.5k

3.0yrs

Average Tenure

63yo

Average Age

Experienced Board: TLLY.F's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TLLY.F insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.6%.


Top Shareholders

Company Information

Trilogy International Partners Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Trilogy International Partners Inc.
  • Ticker: TLLY.F
  • Exchange: OTCPK
  • Founded: 2005
  • Industry: Wireless Telecommunication Services
  • Sector: Telecom
  • Implied Market Cap: CA$118.057m
  • Market Cap: CA$73.046m
  • Listing Market Cap: CA$89.344m
  • Shares outstanding: 83.25m
  • Website: https://www.trilogy-international.com

Number of Employees


Location

  • Trilogy International Partners Inc.
  • 155–108 Avenue NE
  • Suite 400
  • Bellevue
  • Washington
  • 98004
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRLTSX (The Toronto Stock Exchange)YesCommon SharesCACADFeb 2017
TLLY.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 2017
76HBST (Boerse-Stuttgart)YesCommon SharesDEEURFeb 2017

Biography

Trilogy International Partners Inc., together with its subsidiaries, provides wireless voice and data communication services in Bolivia and New Zealand. The company’s communications services include local, international long distance, and roaming services for customers and international visitors roaming on their networks. It also provides fixed broadband communications services to business and residential customers. The company serves 15.9 million customers. Trilogy International Partners Inc. was founded in 2005 and is headquartered in Bellevue, Washington. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 03:37
End of Day Share Price2020/02/21 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.