Pointer Telocation Ltd. engages in mobile resource management products and services. It operates through the following segments: Mobile Resource Management (MRM), Roadside Assistance Services, and Cellocator.
The MRM segment offers asset tracking services, fleet management services, and stolen vehicle retrieval services.
he Roadside Assistance Services segment include services such as towing, temporary vehicle replacement services, mobile automobile repair, as well as vehicle body work and replacement parts installation services.
The Cellocator segment designs, develops and produces market leading customizable MRM products that utilize various Radio Frequency and Cellular communication technologies. The company was founded on July 17, 1991 and is headquartered in Rosh HaAyin, Israel.
Earnings are consistently growing on a quarterly basis thanks to the SaaS model based on number of subscribers. As numbers increase, so does margin due to increased efficiencies.
We forecast forward EPS of $1.16 (based on 30% growth on last FY). Earnings for last quarter were up 48% YoY.
This places the company on a forward PE is 8.2, but given the growth of earnings, think 30 is a better measure for the company.
This provides a valuation of $34.80 (+264%) on the current price