Professional
Added to YB: 2021-03-16
Pitch date: 2021-03-16
ITI [bullish]
Iteris, Inc.
+12.87%
current return
Author Info
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Company Info
Iteris, Inc. provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia.
Market Cap
$309.5M
Pitch Price
$6.37
Price Target
10.83 (+51%)
Dividend
N/A
EV/EBITDA
26.62
P/E
237.62
EV/Sales
1.70
Sector
Electronic Equipment, Instruments and Components
Category
growth
Iteris: A Niche Within A Niche
ITI: Transportation co w/ hardware in 30% of US signalized intersections. Leveraging relationships to upsell SaaS. Positioned for infrastructure upgrade & smart cities. 30% mkt share, 50% win rate. Transportation segment 25% SaaS, preventing collisions. Enables V2X communication. $6.5B TAM, 30% cash flow growth potential. Risks: slow smart city adoption, COVID impact. Catalysts: M&A, $2T infrastructure bill, 5G & EV trends. Currently $120M rev, $12M FCF, potential $4-6B value in 10yrs ($10.83 PT).
Read full article (9 min)