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MICT

Nasdaq:MICT
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MICT
Nasdaq
$11M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

MICT, Inc. designs, develops, manufactures, and sells rugged mobile computing and video telematics devices. The last earnings update was 50 days ago. More info.


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  • MICT has significant price volatility in the past 3 months.
MICT Share Price and Events
7 Day Returns
11%
NasdaqCM:MICT
-3.5%
US Aerospace & Defense
8%
US Market
1 Year Returns
-4%
NasdaqCM:MICT
-16.7%
US Aerospace & Defense
-8.1%
US Market
MICT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MICT (MICT) 11% -6.4% -9.4% -4% -26.3% -65.8%
US Aerospace & Defense -3.5% -17.7% -32.4% -16.7% -3.3% 18%
US Market 8% -4.5% -17.8% -8.1% 13.2% 23.7%
1 Year Return vs Industry and Market
  • MICT outperformed the Aerospace & Defense industry which returned -16.7% over the past year.
  • MICT outperformed the Market in United States of America which returned -8.1% over the past year.
Price Volatility
MICT
Industry
5yr Volatility vs Market

Value

 Is MICT 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.

In this section, we usually try to help investors determine whether MICT is trading at an attractive price based on the cash flow it is expected to produce in the future. But as MICT has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for MICT. This is due to cash flow or dividend data being unavailable. The share price is $0.955.
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 MICT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MICT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:MICT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.39
NasdaqCM:MICT Share Price ** NasdaqCM (2020-04-08) in USD $0.96
United States of America Aerospace & Defense Industry PE Ratio Median Figure of 39 Publicly-Listed Aerospace & Defense Companies 13.72x
United States of America Market PE Ratio Median Figure of 2,949 Publicly-Listed Companies 13.31x

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

** Primary Listing of MICT.

NasdaqCM:MICT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:MICT Share Price ÷ EPS (both in USD)

= 0.96 ÷ -0.39

-2.42x

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

  • MICT is loss making, we can't compare its value to the US Aerospace & Defense industry average.
  • MICT is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does MICT's expected growth come at a high price?
Raw Data
NasdaqCM:MICT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Aerospace & Defense Industry PEG Ratio Median Figure of 31 Publicly-Listed Aerospace & Defense Companies 1.57x
United States of America Market PEG Ratio Median Figure of 2,009 Publicly-Listed Companies 0.9x

*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 MICT, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MICT's assets?
Raw Data
NasdaqCM:MICT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $-0.25
NasdaqCM:MICT Share Price * NasdaqCM (2020-04-08) in USD $0.96
United States of America Aerospace & Defense Industry PB Ratio Median Figure of 53 Publicly-Listed Aerospace & Defense Companies 1.71x
United States of America Market PB Ratio Median Figure of 5,163 Publicly-Listed Companies 1.29x
NasdaqCM:MICT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:MICT Share Price ÷ Book Value per Share (both in USD)

= 0.96 ÷ -0.25

-3.8x

* Primary Listing of MICT.

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

  • MICT has negative assets, we can't compare the value of its assets to the US Aerospace & Defense industry average.

Next steps:

  1. Take a look at our analysis of MICT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through MICT's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Aerospace & Defense industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess MICT'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 Aerospace & Defense 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 Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. MICT has a total score of 0/6, 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 MICT expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MICT has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
10.1%
Expected Aerospace & Defense industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MICT expected to grow at an attractive rate?
  • Unable to compare MICT's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare MICT's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare MICT's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:MICT Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 10.1%
United States of America Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*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
NasdaqCM:MICT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:MICT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 0 -4 -4
2019-09-30 2 -2 -6
2019-06-30 4 -4 -7
2019-03-31 9 -5 -7
2018-12-31 14 -5 -8
2018-09-30 19 -9 -6
2018-06-30 23 -6 -4
2018-03-31 22 -4 -3
2017-12-31 18 -4 -3
2017-09-30 7 -2 -4
2017-06-30 7 -3 -5
2017-03-31 10 -4 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if MICT is high growth as no earnings estimate data is available.
  • Unable to determine if MICT 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
NasdaqCM:MICT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from MICT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:MICT Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.39
2019-09-30 -0.57
2019-06-30 -0.74
2019-03-31 -0.79
2018-12-31 -0.82
2018-09-30 -0.64
2018-06-30 -0.44
2018-03-31 -0.41
2017-12-31 -0.46
2017-09-30 -0.63
2017-06-30 -0.76
2017-03-31 -0.86

*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 MICT will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of MICT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. MICT's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. MICT's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess MICT'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
MICT has a total score of 0/6, 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 MICT 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 MICT's growth in the last year to its industry (Aerospace & Defense).
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.
  • MICT does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare MICT's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare MICT's 1-year growth to the US Aerospace & Defense industry average as it is not currently profitable.
Earnings and Revenue History
MICT'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 MICT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:MICT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 0.48 -4.22 3.23 0.26
2019-09-30 1.74 -5.84 4.00 0.71
2019-06-30 3.96 -7.27 6.43 1.14
2019-03-31 8.66 -7.45 7.45 1.64
2018-12-31 14.16 -7.50 7.93 1.91
2018-09-30 19.33 -5.64 7.88 1.99
2018-06-30 22.58 -3.69 6.47 2.09
2018-03-31 21.65 -3.20 6.15 2.09
2017-12-31 18.37 -3.26 6.00 1.96
2017-09-30 6.66 -4.22 4.94 1.37
2017-06-30 6.55 -4.81 5.29 1.32
2017-03-31 9.50 -5.23 5.90 1.50
2016-12-31 13.28 -4.56 5.89 1.80
2016-09-30 25.16 -2.75 6.98 2.36
2016-06-30 25.36 -2.73 6.69 2.37
2016-03-31 24.39 -2.10 6.17 2.41
2015-12-31 23.59 -2.47 6.25 2.45
2015-09-30 27.65 -2.59 7.06 2.59
2015-06-30 33.51 -1.83 7.68 2.66
2015-03-31 34.35 -2.51 8.17 2.81
2014-12-31 34.24 -2.14 7.87 2.81
2014-09-30 33.05 -2.00 6.95 2.70
2014-06-30 29.59 -1.41 6.26 2.90
2014-03-31 30.78 -0.37 5.53 2.71
2013-12-31 35.57 -0.50 5.35 2.68
2013-09-30 35.66 0.72 5.28 2.64
2013-06-30 31.49 4.70 4.30 2.06

*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.
  • It is difficult to establish if MICT has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if MICT has efficiently used its assets last year compared to the US Aerospace & Defense industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if MICT improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess MICT'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 Aerospace & Defense 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.
MICT has a total score of 0/6, 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 MICT'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 MICT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MICT is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MICT's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MICT'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 covered by short term assets, assets are 2.4x 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 MICT Company Filings, last reported 3 months ago.

NasdaqCM:MICT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3.24 1.86 3.15
2019-09-30 2.94 3.89 5.77
2019-06-30 -0.87 1.99 0.06
2019-03-31 -0.14 1.98 0.35
2018-12-31 1.00 5.81 2.17
2018-09-30 4.91 6.17 2.17
2018-06-30 8.35 5.22 3.90
2018-03-31 5.69 7.66 3.38
2017-12-31 5.97 5.17 2.11
2017-09-30 9.33 14.68 4.65
2017-06-30 10.14 14.77 3.06
2017-03-31 11.41 14.52 2.47
2016-12-31 10.96 7.41 3.52
2016-09-30 14.87 16.33 5.82
2016-06-30 15.78 16.75 6.85
2016-03-31 17.26 15.89 6.73
2015-12-31 17.46 14.40 8.00
2015-09-30 17.37 13.60 10.67
2015-06-30 18.97 14.02 12.61
2015-03-31 19.28 13.52 12.28
2014-12-31 20.25 14.34 10.62
2014-09-30 21.18 14.24 13.48
2014-06-30 22.95 15.18 16.35
2014-03-31 25.39 8.44 18.92
2013-12-31 25.60 9.12 19.79
2013-09-30 25.12 11.24 20.33
2013-06-30 24.59 10.12 19.19
  • MICT's level of debt (57.2%) 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 (70.8% vs 57.2% today).
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.

  • MICT has less than a year of cash runway based on current free cash flow.
  • MICT has less than a year of cash runway if free cash flow continues to grow at historical rates of 29.9% each year.
X
Financial health checks
We assess MICT'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. MICT 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 MICT'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 MICT dividends.
If you bought $2,000 of MICT 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 MICT's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate MICT'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
NasdaqCM:MICT 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
United States of America Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1933 Stocks 2.8%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as MICT has not reported any payouts.
  • Unable to verify if MICT's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of MICT's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as MICT 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 MICT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 MICT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MICT 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 MICT'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
David Lucatz
COMPENSATION $507,897
AGE 63
TENURE AS CEO 9.9 years
CEO Bio

Mr. David Lucatz has been the Chief Executive Officer and President of Micronet Enertec Technologies, Inc. ( also known as Lapis Technologies Inc) since May 2010. Mr. Lucatz has been the Chairman and Chief Executive Officer of D.L. Capital Ltd. since 2006. He serves as the President of Enertec Systems 2001 Ltd., a majority-owned subsidiary of Enertec Systems. Mr. Lucatz serves as the Chief Executive Officer or the Chief Financial Officer of several companies, where he earned a reputation for expertise in investments and turnarounds. He has been instrumental in developing and guiding LDS's financial tactics in support of its growth strategies. He served as President and Chief Executive Officer of Taliplast from 1998 to 2001. He served as an Executive Vice President of the Securitas Group, a public finance investments group. He served as Vice President of Finance of ITL Optronics Ltd. at D.N.A Biomedical Solutions Ltd. since 2001. Mr. Lucatz was Deputy President and a Co-Owner of ITL, a public Defense group. From 2001 to 2006, he served as a Deputy President and Chief Financial Officer of I.T.L. Optronics Ltd. He has successfully structured, led and completed over $150M in mergers, acquisitions, MBOs and equity capital raisings. He has over 25 years of experience in management, operational finance and business development. He also has strong experience and capabilities in corporate turnarounds, roll-ups and M&A situations. He had been Chief Executive Officer of Micronet Ltd. And was its Chairman since September 10, 2012. He serves as Chairman of Micronet Enertec Technologies, Inc. He has been a Director of Micronet Enertec Technologies, Inc. since September 2012. He has been a Director of Micronet Ltd., since September 10, 2012. Mr. Lucatz holds a BSc in Economics and Management from the Hebrew University of Jerusalem and MSc. in Industrial and Systems Engineering from the Ohio State University.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year, both up more than 20%.
  • David's remuneration is about average for companies of similar size in United States of America.
Management Team

David Lucatz

TITLE
Chairman of the Board
COMPENSATION
$508K
AGE
63
TENURE
9.9 yrs

Shamian Amran

TITLE
Principal Financial Officer & Controller
COMPENSATION
$178K
AGE
39
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the MICT board of directors in years:

0.4
Average Tenure
64
Average Age
  • The average tenure for the MICT board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Lucatz

TITLE
Chairman of the Board
COMPENSATION
$508K
AGE
63

Yehezkel Ofir

TITLE
Lead Independent Director
COMPENSATION
$13K
AGE
68

Jeffrey Bialos

TITLE
Independent Director
COMPENSATION
$113K
AGE
64
TENURE
7 yrs

John Scott

TITLE
Independent Director
COMPENSATION
$2K
AGE
72
TENURE
0.4 yrs

Darren Mercer

TITLE
Non-Executive Director
COMPENSATION
$2K
AGE
56
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess MICT'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. MICT 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

What Investors Should Know About MICT Inc's (NASDAQ:MICT) Financial Strength

MICT Inc (NASDAQ:MICT) is a small-cap stock with a market capitalization of US$13.35m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Since MICT is loss-making right now,

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Is Micronet Enertec Technologies Inc's (NASDAQ:MICT) Balance Sheet A Threat To Its Future?

Micronet Enertec Technologies Inc (NASDAQ:MICT) is a small-cap stock with a market capitalization of US$11.98m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

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Should You Be Concerned About Micronet Enertec Technologies Inc's (NASDAQ:MICT) Shareholders?

Private Equity Ownership With an ownership of 7.95%, private equity firms are a major stakeholder in MICT and are in a position to play an important role in shaping up corporate strategy with a focus on value creation. … Private Company Ownership Potential investors in MICT should also look at another important group of investors: private companies, with a stake of 6.56%, who are primarily invested because of strategic and capital gain interests. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: MICT's considerably high level of institutional ownership calls for further analysis into its margin of safety.

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Does Micronet Enertec Technologies Inc's (NASDAQ:MICT) Earnings Growth Make It An Outperformer?

After reading Micronet Enertec Technologies Inc's (NASDAQ:MICT) most recent earnings announcement (31 December 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … See our latest analysis for Micronet Enertec Technologies How Did MICT's Recent Performance Stack Up Against Its Past? … NasdaqCM:MICT Income Statement May 9th 18 We can further analyze Micronet Enertec Technologies's loss by looking at what the industry has been experiencing over the past few years.

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Should You Worry About Micronet Enertec Technologies Inc's (NASDAQ:MICT) CEO Pay?

Performance can be measured based on factors such as earnings and total shareholder return (TSR). … I believe earnings is a cleaner proxy, since many factors can impact share price, and therefore, TSR. … Usually I would look at market cap and earnings as a proxy for performance, however, MICT's negative earnings lower the effectiveness of this method.

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Micronet Enertec Technologies Inc's (NASDAQ:MICT): From Cash To Ash?

Looking at Micronet Enertec Technologies’s latest financial data, I will gauge when the company may run out of cash and need to raise more money. … View our latest analysis for Micronet Enertec Technologies What is cash burn? … My cash burn analysis suggests that, if Micronet Enertec Technologies continues to spend its cash reserves at this current rate, it’ll have to raise capital within the next 6 months, which may be a surprise to some shareholders.

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What does Micronet Enertec Technologies Inc's (NASDAQ:MICT) Balance Sheet Tell Us About Its Future?

Over the past year, MICT has maintained its debt levels at around US$14.39M – this includes both the current and long-term debt. … At this constant level of debt, the current cash and short-term investment levels stands at US$3.65M for investing into the business. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: At its current level of cash flow coverage, MICT has room for improvement to better cushion for events which may require debt repayment.

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Who Owns Micronet Enertec Technologies Inc (NASDAQ:MICT)?

Private Company Ownership Potential investors in MICT should also look at another important group of investors: private companies, with a stake of 7.43%, who are primarily invested because of strategic and capital gain interests. … An ownership of this size indicates a strong financial backing and has the potential to influence MICT's business strategy. … Thus, investors should dig deeper into MICT's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: I suggest investors seek some degree of margin of safety due to high institutional ownership in MICT, in particular due to the strong presence of active hedge fund investors.

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What You Must Know About Micronet Enertec Technologies Inc's (NASDAQ:MICT) Risks

The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … Any stock with a beta of greater than one is considered more volatile than the market, and those with a beta less than one is generally less volatile. … MICT's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns.

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Is Micronet Enertec Technologies Inc (NASDAQ:MICT) Still A Cheap Capital Goods Stock?

In this article, I’ll take you through the sector growth expectations, as well as evaluate whether Micronet Enertec Technologies is lagging or leading its competitors in the industry. … Check out our latest analysis for Micronet Enertec Technologies What’s the catalyst for Micronet Enertec Technologies's sector growth? … If your initial investment thesis is around the growth prospects of Micronet Enertec Technologies, there are other A&D companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

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Company Info

Description

MICT, Inc. designs, develops, manufactures, and sells rugged mobile computing and video telematics devices. Its products comprise tablets, on-board-computers, and dash cams that provide fleet operators and field workforces with computing solutions for various work environments, such as extreme temperatures, repeated vibrations, or dirty and wet or dusty conditions. The company’s portable tablets enhance workforce productivity by offering computing power and communication capabilities that provide fleet operators with visibility into vehicle location, fuel usage, speed, and mileage; and manage the drivers in various aspects, such as driver identification and behavior, reporting hours worked, customer/organization working procedures and protocols, route management and navigation based on tasks and time schedule. It also provides SmartHub, which offers consumers with services, such as driver recognition, identifying and preventing driver fatigue, recognizing driver behavior, preventive maintenance, fuel efficiency, and a driver assistance system; and a platform to offer services, such as Hours of Service for third party telematics service providers. The company’s products are used in and/or targeted to a range of mobile resource management industry sectors, including haulage and distribution, public transportation, construction, and public safety services. It primarily serves application service providers, and solution providers specializing in the mobile resource management markets in the United States, Israel, and internationally. The company was formerly known as Micronet Enertec Technologies, Inc. and changed its name to MICT, Inc. in July 2018. MICT, Inc. was founded in 2002 and is headquartered in Montvale, New Jersey.

Details
Name: MICT, Inc.
MICT
Exchange: NasdaqCM
Founded: 2002
$10,590,503
11,089,532
Website: http://www.mict-inc.com
Address: MICT, Inc.
28 West Grand Avenue,
Suite 3,
Montvale,
New Jersey, 07645,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM MICT Common Stock Nasdaq Capital Market US USD 24. Jun 2004
Number of employees
Current staff
Staff numbers
44
MICT employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 05:17
End of day share price update: 2020/04/08 00:00
Last earnings filing: 2020/02/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.