Ituran Location And Control is scored 87 for moat and 100 for management. The management score rests on a return on invested capital of 21.5% and a gross margin of 49.7% — figures that describe a business turning capital into profit efficiently. Debt sits at 0.04x equity.
Three independent anchors set the price worth paying. Growth is modelled at 7.9% a year, below the 8.0% actually measured over the last decade — the model caps growth rather than extrapolating a good run forwards. The exit multiple assumed is 15.8x. That produces an intrinsic value of $26.99, a 10-CAP price of $45.61 and a payback time price of $52.12, with the value zone set at the highest of the three, $52.12. Today's price of $51.32 sits inside that zone.
Ituran Location And Control currently reads as a strong business at a price the model supports. That is rare enough to warrant asking what the market sees that these figures do not.
| Price | $51.32 |
| Market cap | $1.0B |
| P/E ratio | 15.8x |
| Return on invested capital | 21.5% |
| Gross margin | 49.7% |
| Debt to equity | 0.04x |
| Free cash flow yield | 7.8% |
| Growth rate used | 7.9% |
| Growth rate measured | 8.0% |
| Exit multiple assumed | 15.8x |
| Company | Moat | Buy price |
| Millicom Intl Cellular S.a. (TIGO) | 50 | $115.56 |
| Charter Communications (CHTR) | 65 | $659.07 |
| Bce Inc (BCE) | 42 | $29.39 |
| Comcast (CMCSA) | 86 | $67.41 |
Every number above is built on assumptions that can be changed. In Moatly you can move the growth rate, the exit multiple and the margin of safety and watch every figure recalculate, so you are testing your own view of Ituran Location And Control rather than accepting ours.