Investment Review №346. Riding the Green Wave

Freightos (CRGO) is a digital logistics platform for international freight, connecting airlines, freight forwarders, and shippers through a unified platform for pricing, booking, and shipment management. The investment case is underpinned by the ongoing digitization of global logistics, which remains one of the least automated industries. The primary growth engine is the WebCargo platform, which is driving higher booking volumes, expanding the carrier network, and building a multimodal ecosystem spanning analytics, tariff calculation, and cargo flow management. Additional upside comes from the rollout of AI tools for risk forecasting and supply chain optimization, enhancing the platform’s value for enterprise customers. At the same time, the company is progressing toward breakeven through cost discipline and improved operational efficiency. Key risks include geopolitical instability, volatility in global trade flows, and a slowdown in transactional activity amid conflicts in the Middle East.

Freedom Broker analysts estimate the stock’s 12-month fair value at $2.60 per share.  

 

Ituran Location and Control (ITRN) provides vehicle telematics and navigation solutions, specializing in monitoring, anti-theft, and fleet-management services. The investment case rests on steady subscriber growth and leading positions in Israel and Latin America, where the company continues to expand partnerships with insurers, automakers, and corporate clients. A key growth driver is the expansion of its OEM business, including a new partnership with Stellantis in South America, alongside the rollout of additional connected-car and data-analytics services. Further upside could come from new initiatives in car-sharing, transportation data processing, and carbon credits, which may become long-term drivers of revenue growth and ARPU expansion. Meanwhile, ITRN maintains high profitability, a net cash position, and consistent FCF generation to fund dividends and buybacks. Key risks include currency volatility, a potential slowdown in subscriber growth, and uncertainty around the commercialization of new initiatives.

Freedom Broker analysts estimate the stock’s 12-month fair value at $67 per share. 

 

Dorian LPG (LPG) is a shipping company that specializes in the seaborne transportation of liquefied petroleum gas (LPG), operating a fleet of Very Large Gas Carriers (VLGCs). The investment appeal is supported by a favorable LPG shipping backdrop: geopolitical disruptions and shifting global trade routes have tightened effective vessel supply and lifted freight rates. A key growth driver is rising demand for U.S.-to-Asia LPG exports, which underpin high fleet utilization and strong cash generation. Fleet modernization is an additional positive: the company has commissioned Areion, a dual-fuel, ammonia-capable VLGC that strengthens its long-term competitive position and aligns the fleet with environmental standards. Dorian LPG is highly profitable and actively returns capital to shareholders through dividends. Key risks include the inherent cyclicality of freight markets, geopolitical uncertainty, and the risk of lower freight rates as logistics conditions normalize.

Freedom Broker analysts estimate the stock’s 12-month fair value at $51 per share. 

 

PrimeEnergy Resources (PNRG) is an independent E&P company focused on crude oil, natural gas, and NGL production, with operations concentrated in the Permian Basin in West Texas. The investment case centers on the company’s debt-free balance sheet and meaningful operating leverage to commodity prices. Near term, results are pressured by limited natural gas takeaway capacity in the Permian Basin, which has led to negative realized natural gas prices and a sharp earnings decrease. Reduced drilling activity and capital expenditure have also driven quarterly production declines. Potential recovery catalysts include the launch of a new drilling phase in partnership with Apache Corporation and an improvement in U.S. natural gas market environment as electricity demand rises. Key risks are associated with sustained infrastructure constraints, commodity price volatility, and potential dilution for existing shareholders.

Freedom Broker analysts estimate the stock’s 12-month fair value at $160 per share.