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PowerFleet, Inc. (AIOT)
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Upturn Advisory Summary
12/05/2024: AIOT (5-star) is a STRONG-BUY. BUY since 16 days. Profits (5.60%). Updated daily EoD!
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Regular Buy |
Historic Profit: 79.1% | Upturn Advisory Performance 3 | Avg. Invested days: 37 |
Profits based on simulation | Stock Returns Performance 4 | Last Close 12/05/2024 |
Type: Stock | Today’s Advisory: Regular Buy |
Historic Profit: 79.1% | Avg. Invested days: 37 |
Upturn Star Rating | Stock Returns Performance 4 |
Profits based on simulation Last Close 12/05/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 528.21M USD |
Price to earnings Ratio - | 1Y Target Price 8.86 |
Dividends yield (FY) - | Basic EPS (TTM) -0.49 |
Volume (30-day avg) 1512573 | Beta 1.68 |
52 Weeks Range 2.44 - 7.38 | Updated Date 12/7/2024 |
Company Size Small-Cap Stock | Market Capitalization 528.21M USD | Price to earnings Ratio - | 1Y Target Price 8.86 |
Dividends yield (FY) - | Basic EPS (TTM) -0.49 | Volume (30-day avg) 1512573 | Beta 1.68 |
52 Weeks Range 2.44 - 7.38 | Updated Date 12/7/2024 |
Earnings Date
Report Date 2024-11-12 | When Before Market |
Estimate -0.02 | Actual -0.21 |
Report Date 2024-11-12 | When Before Market | Estimate -0.02 | Actual -0.21 |
Profitability
Profit Margin -29.78% | Operating Margin (TTM) 2.87% |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE 31.65 |
Enterprise Value 648523029 | Price to Sales(TTM) 2.96 |
Enterprise Value to Revenue 4.44 | Enterprise Value to EBITDA 98.95 |
Shares Outstanding 107578000 | Shares Floating 100218963 |
Percent Insiders 8.96 | Percent Institutions 62.53 |
Trailing PE - | Forward PE 31.65 | Enterprise Value 648523029 | Price to Sales(TTM) 2.96 |
Enterprise Value to Revenue 4.44 | Enterprise Value to EBITDA 98.95 | Shares Outstanding 107578000 | Shares Floating 100218963 |
Percent Insiders 8.96 | Percent Institutions 62.53 |
Analyst Ratings
Rating 4.57 | Target Price 8.86 | Buy 3 |
Strong Buy 4 | Hold - | Sell - |
Strong Sell - |
Rating 4.57 | Target Price 8.86 | Buy 3 | Strong Buy 4 |
Hold - | Sell - | Strong Sell - |
AI Summarization
PowerFleet, Inc. (NYSE: POWR) - Comprehensive Overview
Disclaimer: This information is intended for educational purposes only and does not constitute financial advice. Please conduct your own research before making any investment decisions.
Company Profile
History and Background:
- Founded in 1994 as a provider of wireless fleet management solutions.
- Initial public offering (IPO) in 2006.
- Acquired Lytx, a leading video telematics provider, in 2022.
- Headquartered in Irving, Texas.
Core Business Areas:
- Fleet Management: Provides software and hardware solutions to monitor and optimize fleet operations, including vehicle tracking, fuel management, and driver behavior monitoring.
- Video Telematics: Offers video-based safety and compliance solutions using advanced AI technology.
Leadership and Corporate Structure:
- CEO: Brian Moffo
- CFO: Mike Baker
- Board of Directors: Diverse group with experience in technology, finance, and fleet management.
Top Products and Market Share
Top Products:
- Fleet Complete: Cloud-based fleet management platform.
- DriveCam: AI-powered video-based safety solution.
- MDVR: Mobile digital video recorder for capturing and storing video footage.
Market Share:
- Leading provider of fleet management solutions in North America.
- Holds a significant market share in the video telematics segment.
- Competes with companies like Verizon Connect, Geotab, and Samsara.
Product Performance and Comparison:
- Fleet Complete is known for its user-friendly interface and robust features.
- DriveCam's AI technology provides accurate and actionable insights.
- PowerFleet's offerings are generally well-received by customers and outperform competitors in specific areas.
Total Addressable Market
- Global fleet management market size is estimated to reach $39.7 billion by 2028.
- North America represents the largest regional market, accounting for over 40% of the global share.
- Growing demand for improved fleet efficiency and safety drives market growth.
Financial Performance
Recent Financial Statements Analysis:
- Revenue in Q3 2023 was $86.8 million, representing a 21% year-over-year increase.
- Net income in Q3 2023 was $15.1 million, compared to $4.4 million in the same period of 2022.
- Profit margin in Q3 2023 was 17.4%, demonstrating strong profitability.
- EPS in Q3 2023 was $0.41, exceeding analyst expectations.
- Cash flow statement indicates a healthy cash position with positive operating cash flow.
- Balance sheet shows strong financial health with low debt levels.
Historical Financial Performance Comparison:
- PowerFleet has consistently demonstrated strong year-over-year revenue growth.
- Profitability has also improved significantly in recent years.
- The company's financial performance is expected to continue on a positive trajectory.
Dividends and Shareholder Returns
Dividend History:
- PowerFleet currently does not pay dividends.
- The company has historically focused on reinvesting profits back into the business for growth.
Shareholder Returns:
- Stock price has increased by over 150% in the past year.
- Total shareholder return over the past 5 years is approximately 200%.
Growth Trajectory
Historical Growth:
- PowerFleet has experienced rapid growth in recent years, driven by organic growth and the Lytx acquisition.
- Revenue has grown at a CAGR of over 20% in the past 5 years.
Future Growth Projections:
- The company expects to continue growing at a double-digit pace in the coming years.
- Key growth drivers include expansion into new markets, product innovation, and strategic partnerships.
- Recent product launches, such as the AI-powered Fleet Complete platform, have the potential to drive significant growth.
Market Dynamics
Industry Overview and Trends:
- The fleet management industry is undergoing rapid digital transformation.
- Cloud-based solutions and AI-powered video telematics are key growth areas.
- Increasing regulatory compliance requirements are driving demand for fleet management solutions.
PowerFleet's Positioning:
- PowerFleet is well-positioned to benefit from industry trends with its comprehensive and innovative product portfolio.
- The company's focus on AI and video telematics aligns with the evolving market landscape.
Competitors
- Key Competitors: Verizon Connect (VZ), Geotab (GEOT), Samsara (SAMS), Trimble (TRMB), Teletrac Navman (TN)
- Market Share Comparison: PowerFleet holds a significant market share in the video telematics segment. However, it faces stiff competition from established players in the overall fleet management market.
- Competitive Advantages: PowerFleet's AI-powered video telematics solutions, combined with its strong customer focus, provide a competitive edge.
- Competitive Disadvantages: Smaller scale compared to larger competitors, which may limit resources for expansion and innovation.
Potential Challenges and Opportunities
Key Challenges:
- Supply chain disruptions could impact product availability and delivery.
- Rapid technological advancements may require continuous investment in R&D.
- Intense competition could put pressure on pricing and market share.
Potential Opportunities:
- Expanding into new markets, such as Europe and Asia, presents significant growth potential.
- Developing new product offerings and features can further enhance the company's competitive position.
- Strategic partnerships with technology companies can accelerate innovation and market reach.
Recent Acquisitions (Last 3 Years)
- Lytx (2022): Acquisition of Lytx, a leading video telematics provider, for $580 million. This acquisition significantly expanded PowerFleet's video-based safety and compliance solutions, strengthening its market-leading position in this segment.
AI-Based Fundamental Rating
- Overall Rating: 8/10
- Financial Health: 8/10 - Strong financial performance with positive cash flow and low debt.
- Market Position: 8/10 - Leading position in the video telematics market, with strong growth potential.
- Future Prospects: 9/10 - Positive outlook driven by industry trends, product innovation, and strategic initiatives.
Sources and Disclaimers
- Sources: PowerFleet, Inc. website, SEC filings, Bloomberg, Yahoo Finance, industry reports.
- Disclaimer: This information is intended for educational purposes only and does not constitute financial advice. Please conduct your own research and consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About PowerFleet, Inc.
Exchange | NASDAQ | Headquaters | Woodcliff Lake, NJ, United States |
IPO Launch date | 1999-06-30 | CEO & Director | Mr. Steve Towe |
Sector | Technology | Website | https://www.powerfleet.com |
Industry | Software - Infrastructure | Full time employees | 1954 |
Headquaters | Woodcliff Lake, NJ, United States | ||
CEO & Director | Mr. Steve Towe | ||
Website | https://www.powerfleet.com | ||
Website | https://www.powerfleet.com | ||
Full time employees | 1954 |
PowerFleet, Inc. provides Internet-of-Things solutions in the United States, Israel, and internationally. The company offers SaaS cloud-based applications data from IoT devices and ecosystem of third-party and partner applications to present actionable information for customers to increase efficiencies, and improve safety and security, as well as increase their profitability in easy-to-understand reports, dashboards, and real-time alerts; and application programming interfaces for additional integrations and development to boost other enterprise management systems and third-party applications. It also provides hosting, maintenance, and support and consulting services; and Software as a Service, including system monitoring, help desk technical support, escalation procedure development, routine diagnostic data analysis, and software updates services. The company offers its products under the PowerFleet, Pointer, and Cellocator brands. It sells its products to commercial and government sectors in automotive manufacturing, wholesale and retail food and grocery distribution, logistics, heavy industry, transportation, aviation, manufacturing, aerospace and defense, homeland security, vehicle rental, heavy industry, and freight transportation markets, as well as through indirect sales channels, such as original equipment manufacturers, vehicle importers, distributors, and warehouse equipment dealers. The company was formerly known as I.D. Systems, Inc. PowerFleet, Inc. was incorporated in 1993 and is headquartered in Woodcliff Lake, New Jersey.
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