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Partner Communications

DB:PUG
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PUG
DB
$700M
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Partner Communications Company Ltd. provides various telecommunication services in Israel. The last earnings update was 83 days ago. More info.


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PUG Share Price and Events
7 Day Returns
2.2%
DB:PUG
-3%
Europe Wireless Telecom
0%
DE Market
1 Year Returns
-8.2%
DB:PUG
1.1%
Europe Wireless Telecom
9.9%
DE Market
PUG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Partner Communications (PUG) 2.2% -3.1% 3.7% -8.2% -8.6% -18.1%
Europe Wireless Telecom -3% -3.3% 2.2% 1.1% -14.3% -26.2%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • PUG underperformed the Wireless Telecom industry which returned 1.1% over the past year.
  • PUG underperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
PUG
Industry
5yr Volatility vs Market

Value

 Is Partner Communications undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Partner Communications to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Partner Communications.

DB:PUG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:PUG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.337 (1 + (1- 23%) (92.93%))
0.717
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:PUG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Partner Communications is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:PUG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ILS, Millions) Source Present Value
Discounted (@ 5%)
2020 282.53 Est @ -9.4% 269.09
2021 264.13 Est @ -6.51% 239.60
2022 252.28 Est @ -4.49% 217.95
2023 244.52 Est @ -3.07% 201.20
2024 239.43 Est @ -2.08% 187.64
2025 236.10 Est @ -1.39% 176.22
2026 233.97 Est @ -0.9% 166.32
2027 232.64 Est @ -0.56% 157.51
2028 231.88 Est @ -0.33% 149.53
2029 231.51 Est @ -0.16% 142.18
Present value of next 10 years cash flows ₪1,907.00
DB:PUG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₪231.51 × (1 + 0.23%) ÷ (5% – 0.23%)
₪4,866.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₪4,866.61 ÷ (1 + 5%)10
₪2,988.81
DB:PUG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₪1,907.00 + ₪2,988.81
₪4,895.81
Equity Value per Share
(ILS)
= Total value / Shares Outstanding
= ₪4,895.81 / 162.82
₪30.07
DB:PUG Discount to Share Price
Calculation Result
Exchange Rate ILS/USD
(Reporting currency to currency of NasdaqGS:PTNR)
0.289
Value per Share
(USD)
= Value per Share in ILS x Exchange Rate (ILS/USD)
= ₪30.07 x 0.289
$8.7
Non-primary Listing Adjustment Factor 1 share in DB:PUG represents 0.88372x of NasdaqGS:PTNR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88372x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 8.70 x 0.88372
€7.68
Value per share (EUR) From above. €7.68
Current discount Discount to share price of €3.80
= -1 x (€3.80 - €7.68) / €7.68
50.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Partner Communications is available for.
Intrinsic value
>50%
Share price is €3.8 vs Future cash flow value of €7.68
Current Discount Checks
For Partner Communications to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Partner Communications's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Partner Communications's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Partner Communications's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Partner Communications's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PUG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in ILS ₪0.31
NasdaqGS:PTNR Share Price ** NasdaqGS (2019-11-18) in USD $4.3
NasdaqGS:PTNR Share Price converted to ILS reporting currency Exchange rate (USD/ ILS) 3.458 ₪14.87
Europe Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 22.75x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Partner Communications.

DB:PUG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PTNR Share Price ÷ EPS (both in ILS)

= 14.87 ÷ 0.31

47.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Partner Communications is overvalued based on earnings compared to the Europe Wireless Telecom industry average.
  • Partner Communications is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Partner Communications's expected growth come at a high price?
Raw Data
DB:PUG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 47.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
28.6%per year
Europe Wireless Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Wireless Telecom Companies 2.38x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Partner Communications, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Partner Communications's assets?
Raw Data
DB:PUG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in ILS ₪8.57
NasdaqGS:PTNR Share Price * NasdaqGS (2019-11-18) in USD $4.3
NasdaqGS:PTNR Share Price converted to ILS reporting currency Exchange rate (USD/ ILS) 3.458 ₪14.87
Europe Wireless Telecom Industry PB Ratio Median Figure of 9 Publicly-Listed Wireless Telecom Companies 1.82x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
DB:PUG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PTNR Share Price ÷ Book Value per Share (both in ILS)

= 14.87 ÷ 8.57

1.74x

* Primary Listing of Partner Communications.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Partner Communications is good value based on assets compared to the Europe Wireless Telecom industry average.
X
Value checks
We assess Partner Communications's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Wireless Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Wireless Telecom industry average (and greater than 0)? (1 check)
  5. Partner Communications has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover Partner Communications, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
28.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Partner Communications expected to grow at an attractive rate?
  • Partner Communications's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Partner Communications's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Partner Communications's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:PUG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PUG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 28.6%
Europe Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Europe Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PUG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in ILS Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PUG Future Estimates Data
Date (Data in ILS Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:PUG Past Financials Data
Date (Data in ILS Millions) Revenue Cash Flow Net Income *
2019-06-30 3,211 738 51
2019-03-31 3,227 681 50
2018-12-31 3,259 625 57
2018-09-30 3,279 679 -13
2018-06-30 3,283 797 15
2018-03-31 3,291 923 59
2017-12-31 3,268 973 114
2017-09-30 3,255 1,110 157
2017-06-30 3,278 1,057 122
2017-03-31 3,370 990 102
2016-12-31 3,544 945 52
2016-09-30 3,730 917 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Partner Communications's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Partner Communications is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PUG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Partner Communications Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PUG Future Estimates Data
Date (Data in ILS Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:PUG Past Financials Data
Date (Data in ILS Millions) EPS *
2019-06-30 0.31
2019-03-31 0.30
2018-12-31 0.34
2018-09-30 -0.08
2018-06-30 0.09
2018-03-31 0.36
2017-12-31 0.70
2017-09-30 0.98
2017-06-30 0.78
2017-03-31 0.65
2016-12-31 0.33
2016-09-30 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Partner Communications will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Partner Communications's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Partner Communications has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Partner Communications performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Partner Communications's growth in the last year to its industry (Wireless Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Partner Communications's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Partner Communications's 1-year earnings growth exceeds its 5-year average (240% vs -20%)
  • Partner Communications's earnings growth has exceeded the Europe Wireless Telecom industry average in the past year (240% vs 21%).
Earnings and Revenue History
Partner Communications's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Partner Communications Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PUG Past Revenue, Cash Flow and Net Income Data
Date (Data in ILS Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 3,211.00 51.00 469.00
2019-03-31 3,227.00 50.00 472.00
2018-12-31 3,259.00 57.00 471.00
2018-09-30 3,279.00 -13.00 488.00
2018-06-30 3,283.00 15.00 480.00
2018-03-31 3,291.00 59.00 471.00
2017-12-31 3,268.00 114.00 465.00
2017-09-30 3,255.00 157.00 506.00
2017-06-30 3,278.00 122.00 548.00
2017-03-31 3,370.00 102.00 602.00
2016-12-31 3,544.00 52.00 689.00
2016-09-30 3,730.00 -6.00 683.00
2016-06-30 3,887.00 -34.00 706.00
2016-03-31 4,034.00 -51.00 682.00
2015-12-31 4,111.00 -40.00 630.00
2015-09-30 4,212.00 49.00 614.00
2015-06-30 4,308.00 98.00 588.00
2015-03-31 4,351.00 135.00 604.00
2014-12-31 4,400.00 162.00 631.00
2014-09-30 4,419.00 184.00 653.00
2014-06-30 4,435.00 182.00 665.00
2014-03-31 4,478.00 156.00 678.00
2013-12-31 4,519.00 135.00 679.00
2013-09-30 4,650.00 191.00 671.00
2013-06-30 4,847.00 263.00 696.00
2013-03-31 5,145.00 363.00 738.00
2012-12-31 5,572.00 478.00 789.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Partner Communications has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Partner Communications used its assets less efficiently than the Europe Wireless Telecom industry average last year based on Return on Assets.
  • Partner Communications has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Partner Communications's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Wireless Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Partner Communications has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Partner Communications's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Partner Communications's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Partner Communications is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Partner Communications's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Partner Communications's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Partner Communications Company Filings, last reported 4 months ago.

DB:PUG Past Debt and Equity Data
Date (Data in ILS Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,395.00 1,594.00 668.00
2019-03-31 1,391.00 1,575.00 598.00
2018-12-31 1,406.00 1,366.00 416.00
2018-09-30 1,401.00 1,550.00 652.00
2018-06-30 1,438.00 1,550.00 657.00
2018-03-31 1,447.00 1,622.00 703.00
2017-12-31 1,434.00 1,923.00 1,017.00
2017-09-30 1,481.00 2,047.00 1,160.00
2017-06-30 1,397.00 1,978.00 897.00
2017-03-31 1,166.00 2,682.00 1,267.00
2016-12-31 1,111.00 2,694.00 1,168.00
2016-09-30 1,115.00 2,909.00 1,141.00
2016-06-30 1,084.00 2,880.00 916.00
2016-03-31 1,047.00 2,913.00 834.00
2015-12-31 1,020.00 3,101.00 926.00
2015-09-30 1,074.00 3,773.00 1,418.00
2015-06-30 1,081.00 3,567.00 941.00
2015-03-31 1,068.00 3,550.00 969.00
2014-12-31 1,039.00 3,275.00 663.00
2014-09-30 1,016.00 3,386.00 749.00
2014-06-30 974.00 3,378.00 643.00
2014-03-31 928.00 3,469.00 620.00
2013-12-31 874.00 3,481.00 481.00
2013-09-30 835.00 3,987.00 779.00
2013-06-30 796.00 3,959.00 513.00
2013-03-31 774.00 4,361.00 739.00
2012-12-31 741.00 4,360.00 548.00
  • Partner Communications's level of debt (114.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (346.7% vs 114.3% today).
  • Debt is well covered by operating cash flow (46.3%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Partner Communications's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Partner Communications has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Partner Communications dividends.
If you bought €2,000 of Partner Communications shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Partner Communications's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Partner Communications's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PUG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PUG Future Dividends Estimate Data
Date (Data in ₪) Dividend per Share (annual) Avg. No. Analysts
DB:PUG Past Annualized Dividends Data
Date (Data in ₪) Dividend per share (annual) Avg. Yield (%)
2014-05-14 0.000 0.000
2014-03-10 0.000 0.000
2013-11-19 0.000 0.000
2013-08-28 0.000 0.000
2013-05-23 0.000 0.000
2013-05-22 0.000 0.000
2013-03-19 0.000 0.000
2013-02-27 0.000 0.000
2012-09-27 0.000 0.000
2012-08-14 1.930 10.862
2012-03-26 2.250 12.136
2012-03-22 2.250 7.739
2011-11-23 2.250 7.069
2011-08-10 2.700 6.970
2011-05-25 2.700 5.251
2011-02-23 7.850 12.063
2010-03-16 6.860 9.877
2009-11-09 7.760 10.112
2009-08-10 5.960 8.322
2009-05-21 6.160 9.059
2009-02-23 5.640 8.909

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Partner Communications has not reported any payouts.
  • Unable to verify if Partner Communications's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Partner Communications's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Partner Communications has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Partner Communications's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Partner Communications afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Partner Communications has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Partner Communications's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Isaac Benbenisti
COMPENSATION ₪9,488,000
AGE 54
TENURE AS CEO 4.3 years
CEO Bio

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 Company Ltd. from November 02, 2014 to July 1, 2015. He served as the Chief Executive Officer of Bezeq International Ltd. from November 11, 2007 to February 2014. Mr. Benbenisti has rich experience in the telecommunications field. Mr. Benbenisti served as a manager of the PC and distribution channels division at Hewlett-Packard (HP) and as the Chief Executive Officer of CMS Compucenter Ltd. Mr. Benbenisti served as a director of the PC and distribution channels division at Hewlett-Packard (HP). Mr. Benbenisti holds a BA in Economics form Hebrew University and an MBA in Finance and Marketing from Hebrew University.

CEO Compensation
  • Isaac's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Isaac's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Partner Communications management team in years:

3.5
Average Tenure
46
Average Age
  • The tenure for the Partner Communications management team is about average.
Management Team

Isaac Benbenisti

TITLE
Chief Executive Officer
COMPENSATION
₪9M
AGE
54
TENURE
4.3 yrs

Einat Rom

TITLE
Vice President of Human Resources & Administration
COMPENSATION
₪3M
AGE
53

Yuval Keinan

TITLE
Deputy Chief Executive Officer
COMPENSATION
₪7M
AGE
44
TENURE
3.8 yrs

Zvika Shenfeld

TITLE
Vice President of Private & Retail Division
COMPENSATION
₪3M
AGE
47

Tamir Amar

TITLE
Chief Financial Officer
TENURE
1.8 yrs

Raz Bartov

TITLE
Vice President Technologies & IT Division
AGE
41
TENURE
3.5 yrs

Liat Shaft

TITLE
Head of Investor Relations & Corporate Projects

Hadar Vismunski-Weinberg

TITLE
Chief Legal Counsel
AGE
45
TENURE
2.7 yrs

Sigal Tzadok

TITLE
Head of the Finance Department & Comptroller

Gideon Koch

TITLE
IR Officer
Board of Directors Tenure

Average tenure and age of the Partner Communications board of directors in years:

6.4
Average Tenure
54
Average Age
  • The tenure for the Partner Communications board of directors is about average.
Board of Directors

Adam Chesnoff

TITLE
Chairman of the Board
AGE
54
TENURE
6 yrs

Elon Shalev

TITLE
Vice Chairman
AGE
68
TENURE
6 yrs

Woolfson Ben Zeev

TITLE
Independent Director
AGE
67
TENURE
10.1 yrs

Osnat Ronen

TITLE
Independent Director
AGE
57
TENURE
9.9 yrs

Arie Steinberg

TITLE
Independent Director
AGE
54
TENURE
7.8 yrs

Sumeet Jaisinghani

TITLE
Director
AGE
34
TENURE
1.5 yrs

Arieh Saban

TITLE
Director
AGE
72
TENURE
6.8 yrs

Yoav Rubinstein

TITLE
Director
AGE
46
TENURE
6.8 yrs

Ori Yaron

TITLE
Director
AGE
53
TENURE
5.5 yrs

Yehuda Saban

TITLE
Director
AGE
41
TENURE
4.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Partner Communications's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Partner Communications has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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 basic cellular telephony, text messaging, Internet browsing and data transfer, content, and roaming services, as well as services provided to other operators that are permitted to use its cellular network. It also provides cellular content and value-added services, such as multimedia messaging, cyber protection, cloud backup, ringtone, music streaming, and various business services; and international roaming services, as well as sells and leases cellular handsets, and related cellular devices and accessories. In addition, the company offers Internet service provider (ISP) services comprising email accounts, Wi-Fi networking, anti-virus and anti-spam filtering, and infrastructure and ISP access services; network and data infrastructure services, information security and integration solutions, business information storage services, and data center and cloud services; international long distance services; fixed-line transmission and data capacity services; and voice over broadband telephony and primary rate interface services. Further, it provides television, high speed broadband fiber optic based network, and value added services; and sell and leases modems, domestic routers, servers, smartboxes, and related equipment, as well as tablets, laptops, landline phones, datacards, televisions, digital cameras, games consoles, audio accessories and related equipment, and integration projects. Additionally, the company offers office communication private branch exchange services to business customers. It offers its services and products through sales and service centers, and direct sales force, as well as through dealers and online. The company was founded in 1997 and is headquartered in Rosh HaAyin, Israel.

Details
Name: Partner Communications Company Ltd.
PUG
Exchange: DB
Founded: 1997
$631,452,020
162,822,161
Website: http://www.partner.co.il
Address: Partner Communications Company Ltd.
Afeq Industrial Park,
8 Amal Street,
Rosh HaAyin,
48103,
Israel
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PTNR ADS EACH REPR 1 ORD ILS0.01 Nasdaq Global Select US USD 27. Oct 1999
DB PUG ADS EACH REPR 1 ORD ILS0.01 Deutsche Boerse AG DE EUR 27. Oct 1999
TASE PTNR Ordinary Shares The Tel-Aviv Stock Exchange IL ILS 03. Jul 2001
Number of employees
Current staff
Staff numbers
2,895
Partner Communications employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 21:31
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/03/27
Last earnings filing: 2019/08/27
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.