Discounted Cash Flow

Ituran Location & Control Ltd. Foreign

ITRN · Based on 10 years of SEC filings · Converted from ILS to USD

⚠ Cash flow predictability 66/100 (moderate) — FCF YoY std dev 48%, net income 53% (full history)

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $65.9m $10.6m $-4.4m 16.1% $1.53
2017 $77.4m (17.6%) $14.5m (36.3%) $9.2m (306.8%) 18.7% (15.9%) $2.09 (36.6%)
2018 $83.6m (8.0%) $20.0m (38.5%) $10.4m (13.6%) 24.0% (28.3%) $2.88 (37.8%)
2019 $92.2m (10.3%) $2.3m (-88.6%) $13.7m (31.2%) 2.5% (-89.7%) $0.33 (-88.5%)
2020 $81.1m (-12.1%) $5.3m (134.0%) $16.4m (20.5%) 6.6% (166.2%) $0.77 (133.3%)
2021 $89.4m (10.3%) $11.3m (112.5%) $12.9m (-21.4%) 12.6% (92.7%) $1.65 (114.3%)
2022 $96.7m (8.2%) $12.2m (8.3%) $6.1m (-52.5%) 12.7% (0.1%) $1.82 (10.3%)
2023 $105.6m (9.2%) $15.9m (29.7%) $20.8m (238.3%) 15.0% (18.8%) $2.41 (32.4%)
2024 $111.0m (5.1%) $17.7m (11.5%) $20.0m (-3.7%) 16.0% (6.1%) $2.70 (12.0%)
2025 $118.5m (6.8%) $19.1m (8.0%) $22.0m (10.2%) 16.1% (1.2%) $2.92 (8.1%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in ILS. Values above are converted to USD for comparison with the US-listed share price.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model