IDT Corporation: Strong Fundamentals With An Attractive Valuation [Seeking Alpha]
IDT Corporation Class B (IDT)
US:NYSE Investor Relations:
ir.idt.com/investor-relations
Company Research
Source: Seeking Alpha
2Q24 marks a milestone as these businesses achieve self-sustainability, strengthening the balance sheet and enabling efficient resource allocation. Sum-of-the-parts (SOTP) valuation suggests a 17% upside potential, indicating attractive valuation. Thus, I rate it as a 'buy' Cash continues to pile up as it makes up 23% of its market cap, and management continues to return value to shareholders via potential acquisitions, buyback, or dividends. Further catalysts await for investors if management can command the right multiples for the spin-offs. Investment Thesis The main thesis of IDT Corporation ( NYSE: IDT ) revolves around the potential spin-offs of its three high-margin, rapidly growing businesses: NRS, BOSS Money, and Net2Phone (N2P). However, the decision to postpone the spin-offs is rooted in a prudent assessment of market conditions and valuation dynamics. By awaiting a more favorable market environment, the management team aims to maximize shareholder value by ens
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IDT
News
- NRSInsights' March 2024 Retail Same-Store Sales Report [Yahoo! Finance]Yahoo! Finance
- NRSInsights’ March 2024 Retail Same-Store Sales ReportGlobeNewswire
- Soup to nuts [Business Insider]Business Insider
- With 47% ownership, IDT Corporation (NYSE:IDT) has piqued the interest of institutional investors [Yahoo! Finance]Yahoo! Finance
- Sidoti Events, LLC's Virtual March Small-Cap ConferenceAccesswire
IDT
Sec Filings
- 4/19/24 - Form SC
- 4/18/24 - Form 4
- 4/12/24 - Form 4
- IDT's page on the SEC website