Ituran Location & Control
ITRN on Nasdaq. Electronic parts & equipment, nec. Market value $1.0bn.
This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Worth a closer look
Why it could be worth it
What to watch out for
Nothing stood out in the numbers we check.
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $6.46 of spare cash last year. A savings account pays about $4.
The filings do not give us enough to work this out.
Each dollar kept in the business earns 33 cents a year. Above 10 is good.
Quality score: 90 of 100. Price score: 81 of 100. Our list needs 70 on quality and 60 on price.
$52.17 a share, 49% above its 1-year low
Over the past year the price has ranged from $35.00 to $68.30.
Dividend: 3.6% a year
Paid every year for at least 5 years
Payouts have jumped around in recent years, so this may not repeat.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $271m | $293m | $320m | $336m | $359m |
| Operating margin | |||||
| Operating margin | 20.2% | 20.1% | 20.6% | 21.2% | 21.5% |
| Debt to equity | |||||
| Debt to equity | 0.37 | 0.16 | 0.01 | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.02bn | 0.02bn | 0.02bn | 0.02bn | 0.02bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)7 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsSlow, 7.9% a year
- Buying back its own sharesYes, 4% fewer since 2021
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 23 April 2026
- Next quarterly (estimated, 10-Q)
- n/a
Who owns it
6 long-term investors we follow own it, unchanged from 6 last quarter. 206 funds in all.
- Causeway Capital ManagementSarah Ketterer
- Value
- $1m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| LSV Asset ManagementJosef Lakonishok | $15m | <0.1% | Added |
| Miller Value PartnersBill Miller IV | $8m | 1.9% | Cut |
| Vulcan Value PartnersC.T. Fitzpatrick | $8m | 0.2% | Cut |
| Boston PartnersBoston Partners team | $6m | <0.1% | Added |
| Delphi ManagementScott Black | $1m | 1.4% | Cut |
| Causeway Capital ManagementSarah Ketterer | $1m | <0.1% |
Largest holders overall
- Y.D. More Investments$54m
- FMR$53mCut
- Renaissance Technologies$51mCut
- Ibex Investors$49mCut
- Acadian Asset Management$48m
- BlackRock$31mCut
- Rice Hall James & Associates$29mCut
- GW&K Investment Management$27mCut
- Analyst IMS Investment Management Services$21m
- Arrowstreet Capital, Limited Partnership$21m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- Izzy SheratzkyPassive investor19.4%−0.4 ptsSince 16 February 2026
- Yehuda KahanePassive investor6.6%0.0 ptsSince 16 February 2026
- Renaissance Technologies LLCPassive investorat least 4.9%(filed with 1 related holder)Since 30 September 2025
- FMR LLCPassive investorat least 4.7%(filed with 1 related holder)Since 31 March 2026
- Vulcan Value PartnersPassive investorSold down below 5%Since 28 February 2025
| Holder | Stake | Since | |
|---|---|---|---|
Izzy Sheratzky Passive investor | 19.4%−0.4 pts | 16 February 2026 | |
Yehuda Kahane Passive investor | 6.6%0.0 pts | 16 February 2026 | |
Renaissance Technologies LLC Passive investor | at least 4.9% (filed with 1 related holder) | 30 September 2025 | |
FMR LLC Passive investor | at least 4.7% (filed with 1 related holder) | 31 March 2026 | |
Vulcan Value Partners Passive investor | Sold down below 5% | 28 February 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
We have no insider filings for this company yet.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
Ituran Location & Control doesn’t file a US annual report (10-K), so we haven’t checked it.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.