IDT Corporation

IDT Corporation

IDT Corporation

Overview
Date Founded

1995

Headquarters

520 Broad Street, Newark, NJ, 07102, USA

Type of Company

Public

Employees (Worldwide)

1,256

Industries

Cable, Satellite, and Radio Telecommunications
Wireless Telecommunications
Retail: Other
Other Business & Consulting Services
Accounting & Financial Services
Entertainment

Company Description

IDT Corporation is a consumer services focused company with operations primarily in the telecommunications industry. Through its Telecom subsidiary, IDT provides retail and wholesale telecommunications services and products, including pre-paid and rechargeable calling cards and wholesale carrier services. IDT Corporation's Class B Common Stock trades on the New York Stock Exchange under the ticker symbol IDT

Contact Data
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Executives & Employees

Chief Executive Officer

President & Chief Operating Officer

Chief Financial Officer

Executive Vice President, General Counsel & Corporate Secretary

Chief Technology Officer

Chief Accounting Officer & Controller

Executive Vice President

Executive Vice President-Strategy & Legal Affairs

Counsel to the Chairman

Chief Legal Officer

Board of Directors

Chairman of the Board & Chief Executive Officer at Rafael Holdings, Inc.

President & Chief Operating Officer at IDT Corporation

Former Audit Department at Coopers and Lybrand LLP

Director at IDT Corporation

Member, Board of Directors at IDT Corporation

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Owners & Shareholders
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Kahn Brothers Advisors (KBA) is a value investor that employs a bottom-up stock selection approach to invest in undervalued equity securities that are usually out-of-favor in the market. They are long-term investors with a typical 3- to year time horizon. If there are very few values to be found, the firm is comfortable holding cash.KBA invests in industries and businesses that they can understand, focusing on depressed economic sectors rather than the most popular industries and on seasoned businesses that are less likely to experience major structural change. They may make significant capital gains in conventional industries. KBA concentrates on small- and mid-cap stocks. Though not limited by sector, KBA tends to invest in the stocks of US companies in the finance, healthcare technology, consumer non-durables and electronic technology sectors. The firm invests across all market-caps. KBA maintains a very low turnover rate.KBA prefers to invest in companies in which management holds a meaningful stake and will protect their own as well as the shareholders' interests. They are less comfortable with situations in which management has aggressive base-pay packages and little ownership interest. The firm seeks to identify companies with solid balance sheets, strong working capital positions and minimal leverage. In their view, the balance sheet, not the income statement, is the best measure of overall corporate health. Consequently, many of KBA's investments have strong financial positions and weak short-term earnings.

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PSM Vermögensverwaltung GmbH Langen v.d.Goltz, Dr. Prinz is a German private company located in Grünwald bei München, also operating in Germany. The firm provides investment advice. It was founded in 1965 by Eckart Langen von der Goltz. Joachim Paul Schäfer is the current CEO, occupying that position since 1996.

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Zebra Capital Management (ZCM) believes positive, long-term equity returns are driven by systematically exploiting market characteristics supported by basic, economic principles. The firm seeks to generate attractive returns without taking on significant levels of risk or leverage by investing in fundamentally strong, but overlooked, and undervalued securities. They target publicly-traded equities with relatively lower trading volumes than equities with comparable fundamentals.ZCM manages a series of products based on their Liquidity Return Strategy. The strategy seeks to systematically capture the liquidity premium in the public equity markets. Portfolios are well diversified, highly liquid and offer a unique liquidity style exposure that is complementary to other investment styles with which investors are traditionally familiar. ZCM manages strategies which vary by region, market capitalization, leverage and tracking error. They manage products both domestically and globally, with offerings for institutional and retail investors worldwide.In addition, ZCM sub-advises mutual funds based on their Liquidity Return Strategies, including the American Beacon Zebra Large Cap Equity Fund and the American Beacon Zebra Small Cap Equity Fund.

Recent Transactions
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IDT Corporation, Net2Phone, Inc. purchase Versature Corp.

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purchases Rafael Holdings, Inc. from IDT Corporation

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Jar Financial Management Ltd., JAR Fintech Ltd. purchase IDT Financial Services Holding Ltd. from IDT Corporation

Insider Transactions
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Transaction Advisors
Accountant

Advised onIDT Corporation purchases InterExchange, Inc.

Legal Advisor

Advised onIDT Corporation purchases ICG Communications, Inc. from AT&T Corp. (Inactive)

Legal Advisor

Advised onIDT Corporation purchases WinStar Communications, Inc.

Legal Advisor

Advised onTelefonaktiebolaget LM Ericsson purchases Fabrix Systems Ltd. from IDT Corporation

Advisors & Consultants
Legal Advisor

Partner at Latham & Watkins LLP

Legal Advisor

Partner at Kramer Levin Naftalis & Frankel LLP

Legal Advisor

General Counsel at CNA Surety Corporation

Key Stats and Financials As of 2020
Market Capitalization
$450M
Total Enterprise Value
$-47.3M
Earnings Per Share
$0.81
Revenue
$1.35B
Total Equity
$71.1M
Net Profit
$21.4M
Three Year Compounded Annual Growth Rate Of Revenue
-3.59%
EBITDAMargin
3.32%
Enterprise Value / Sales
-0.04x
Enterprise Value EBITDAOperating
-1.28x
TEVNet Income
-2.21x
Debt TEV
-0.2x
Total Debt
$9.7M
EBITDA
$44.7M
Non-Profit Donations & Grants
Political Donations
$5,000
2012
$1,000
2012
Investments
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LocatioNet Systems Ltd. provides mapping and location enabled applications. Its products include amAze, which is a mobile mapping, local search, and navigation solution for mass-market phones, MyMap, a mobile geographic portal application for mass market phones and mobile workforce management application used over the Web. The company was founded by Meir Dan and Ofer Tziperman in 1991 and is headquartered in Tel Aviv Israel.

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El Dorado Marketing Group, Inc. provides marketing services. It offers business management and consulting services. It focuses on reaching the Hispanic-American community with direct-to-consumer messaging services. The company was founded in 2004 by John Christian Hessler and is headquartered in Wellesley, MA.

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WebEx Communications, Inc. offered on-demand web collaboration services. Its software was used in sales, support, training, marketing, engineering, and product design applications. The company was founded in 1996 and was headquartered in Santa Clara, CA.

Investors
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Co-Founder at Latam Digital Ventures

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Founder, Chief Executive Officer at Vesuvio Ventures, Inc.

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Principal at Lewis & Clark Venture Capital LLC

Suppliers
Alphabet, Inc. Internet Software & Services | Mountain View, CA

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Apple, Inc. Other Manufacturing | Cupertino, CA

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak in 1977 and is headquartered in Cupertino, CA.

Invuo Technologies AB Computer Software | Stockholm, Sweden

Invuo Technologies AB engages in the provision of prepaid top-up systems and mobile payment services for mobile operators, distributors, retailers, and consumers. It operates through the following segments: MEA B2B, eProducts/distribution, and Group Function. The company was founded on April 23, 2001 and is headquartered in Stockholm, Sweden.

Competitors
Salesforce.com, Inc. Computer Software - San Francisco, CA

Salesforce.com, Inc. provides enterprise cloud computing applications. It provides a comprehensive customer and collaboration relationship management service to businesses of all sizes and industries and also provides a technology platform for customers and developers to build and run applications. The company has designed and developed its applications to be easy-to-use and intuitive solutions that can be deployed rapidly, customized easily and integrated with other software applications. Salesforce.com offers its services on a subscription basis, primarily through its direct sales efforts and indirectly through partners. The company operates in one segment. It was founded by Marc Benioff, Parker Harris, Dave Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.

Fiserv, Inc. IT Consulting & Services - Brookfield, WI

Fiserv, Inc. (NASDAQ: FISV) is a leading global provider of information management and electronic commerce systems for the financial services industry, providing integrated technology and services that create value and results for our clients. Fiserv drives innovations that transform experiences for more than 16,000 clients worldwide, including banks, credit unions and thrifts, billers, mortgage lenders and leasing companies, brokerage and investment firms and other business clients.

PayPal Holdings, Inc. IT Consulting & Services - San Jose, California

PayPal Holdings, Inc. engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions. It allows its customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds. The firm also enables consumers to exchange funds with merchants using funding sources, which include bank account, PayPal account balance, PayPal Credit account, credit and debit card or other stored value products. It offers consumers person-to-person payment solutions through its PayPal Website and mobile application, Venmo and Xoom. The company was founded in December 1998 and is headquartered in San Jose, CA.

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