Ituran Location and Control Ltd. ITRN

Ituran is a boring-in-the-best-way cash machine: a tracker in the dash, a small monthly fee and a proven knack for finding stolen cars. That steady subscription base funds dividends north of 4%, expansion into motorcycles, usage-based insurance and OEM embeds, all while the company sits on more cash than debt. Currency swings and family-heavy governance add colour, but the math says investors today are paying 14× earnings for a business that should compound in the high single digits with real option value on India and new OEM wins. In short, a quietly attractive niche tech story trading at a reasonable discount to intrinsic value.