FLEETCOR TECHNOLOGIES INC (FLT) Stock Fundamental Analysis
NYSE:FLT - New York Stock Exchange, Inc. - US3390411052 - Common Stock
FLT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 99 industry peers in the Financial Services industry. FLT has an excellent profitability rating, but there are some minor concerns on its financial health. FLT has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year FLT was profitable.
FLT had a positive operating cash flow in the past year.
Each year in the past 5 years FLT has been profitable.
Each year in the past 5 years FLT had a positive operating cash flow.
1.2 Ratios
FLT's Return On Assets of 6.48% is amongst the best of the industry. FLT outperforms 83.33% of its industry peers.
FLT's Return On Equity of 29.91% is amongst the best of the industry. FLT outperforms 90.20% of its industry peers.
With an excellent Return On Invested Capital value of 12.35%, FLT belongs to the best of the industry, outperforming 92.16% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for FLT is above the industry average of 7.84%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.48% | ||
| ROE | 29.91% | ||
| ROIC | 12.35% |
ROA(3y)6.51%
ROA(5y)6.62%
ROE(3y)32.25%
ROE(5y)28.37%
ROIC(3y)12.38%
ROIC(5y)11.79%
1.3 Margins
FLT has a Profit Margin of 26.13%. This is in the better half of the industry: FLT outperforms 77.45% of its industry peers.
FLT's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 44.09%, FLT belongs to the top of the industry, outperforming 85.29% of the companies in the same industry.
FLT's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 78.18%, FLT belongs to the top of the industry, outperforming 86.27% of the companies in the same industry.
In the last couple of years the Gross Margin of FLT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.09% | ||
| PM (TTM) | 26.13% | ||
| GM | 78.18% |
OM growth 3Y2.7%
OM growth 5Y-0.33%
PM growth 3Y-3.94%
PM growth 5Y-4.76%
GM growth 3YN/A
GM growth 5Y-4.8%
2. Health
2.1 Basic Checks
FLT has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
FLT has less shares outstanding than it did 1 year ago.
FLT has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, FLT has an improved debt to assets ratio.
2.2 Solvency
FLT has an Altman-Z score of 2.49. This is not the best score and indicates that FLT is in the grey zone with still only limited risk for bankruptcy at the moment.
With an excellent Altman-Z score value of 2.49, FLT belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
FLT has a debt to FCF ratio of 4.13. This is a neutral value as FLT would need 4.13 years to pay back of all of its debts.
FLT's Debt to FCF ratio of 4.13 is fine compared to the rest of the industry. FLT outperforms 66.67% of its industry peers.
FLT has a Debt/Equity ratio of 1.80. This is a high value indicating a heavy dependency on external financing.
FLT has a Debt to Equity ratio of 1.80. This is in the lower half of the industry: FLT underperforms 70.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.8 | ||
| Debt/FCF | 4.13 | ||
| Altman-Z | 2.49 |
ROIC/WACC1.57
WACC7.88%
2.3 Liquidity
FLT has a Current Ratio of 1.04. This is a normal value and indicates that FLT is financially healthy and should not expect problems in meeting its short term obligations.
FLT's Current ratio of 1.04 is in line compared to the rest of the industry. FLT outperforms 43.14% of its industry peers.
FLT has a Quick Ratio of 1.04. This is a normal value and indicates that FLT is financially healthy and should not expect problems in meeting its short term obligations.
FLT's Quick ratio of 1.04 is in line compared to the rest of the industry. FLT outperforms 47.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.09% over the past year.
The Earnings Per Share has been growing by 9.95% on average over the past years. This is quite good.
The Revenue has grown by 9.65% in the past year. This is quite good.
Measured over the past years, FLT shows a quite strong growth in Revenue. The Revenue has been growing by 9.08% on average per year.
EPS 1Y (TTM)5.09%
EPS 3Y15.12%
EPS 5Y9.95%
EPS Q2Q%9.9%
Revenue 1Y (TTM)9.65%
Revenue growth 3Y16.3%
Revenue growth 5Y9.08%
Sales Q2Q%6.08%
3.2 Future
Based on estimates for the next years, FLT will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.58% on average per year.
The Revenue is expected to grow by 8.73% on average over the next years. This is quite good.
EPS Next Y15.77%
EPS Next 2Y16.02%
EPS Next 3Y15.58%
EPS Next 5YN/A
Revenue Next Year7.65%
Revenue Next 2Y8.57%
Revenue Next 3Y8.73%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 17.92 indicates a rather expensive valuation of FLT.
FLT's Price/Earnings is on the same level as the industry average.
FLT is valuated rather cheaply when we compare the Price/Earnings ratio to 27.96, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 15.48, FLT is valued correctly.
FLT's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of FLT to the average of the S&P500 Index (24.11), we can say FLT is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.92 | ||
| Fwd PE | 15.48 |
4.2 Price Multiples
69.61% of the companies in the same industry are more expensive than FLT, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, FLT is valued a bit cheaper than 70.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.4 | ||
| EV/EBITDA | 12.95 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
FLT has a very decent profitability rating, which may justify a higher PE ratio.
FLT's earnings are expected to grow with 15.58% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.14
PEG (5Y)1.8
EPS Next 2Y16.02%
EPS Next 3Y15.58%
5. Dividend
5.1 Amount
FLT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FLEETCOR TECHNOLOGIES INC
NYSE:FLT (3/22/2024, 8:04:00 PM)
After market: 303.26 0 (0%)303.26
-2.54 (-0.83%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners0.34%
Inst Owner Change0%
Ins Owners6.57%
Ins Owner Change0%
Market Cap21.90B
Analysts78.26
Price Target321.23 (5.93%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.49%
Min EPS beat(2)-1.84%
Max EPS beat(2)-1.14%
EPS beat(4)1
Avg EPS beat(4)-0.4%
Min EPS beat(4)-1.84%
Max EPS beat(4)1.9%
EPS beat(8)5
Avg EPS beat(8)1.35%
EPS beat(12)9
Avg EPS beat(12)1.82%
EPS beat(16)13
Avg EPS beat(16)2.59%
Revenue beat(2)0
Avg Revenue beat(2)-3.06%
Min Revenue beat(2)-4.34%
Max Revenue beat(2)-1.78%
Revenue beat(4)1
Avg Revenue beat(4)-1.4%
Min Revenue beat(4)-4.34%
Max Revenue beat(4)1.23%
Revenue beat(8)5
Avg Revenue beat(8)0.27%
Revenue beat(12)8
Avg Revenue beat(12)0.79%
Revenue beat(16)10
Avg Revenue beat(16)0.64%
PT rev (1m)0.43%
PT rev (3m)9.71%
EPS NQ rev (1m)-0.02%
EPS NQ rev (3m)-6.51%
EPS NY rev (1m)0.14%
EPS NY rev (3m)0.63%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)-3.92%
Revenue NY rev (1m)-1.39%
Revenue NY rev (3m)-1.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.92 | ||
| Fwd PE | 15.48 | ||
| P/S | 5.8 | ||
| P/FCF | 13.4 | ||
| P/OCF | 12.24 | ||
| P/B | 6.64 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.95 |
EPS(TTM)16.92
EY5.58%
EPS(NY)19.59
Fwd EY6.46%
FCF(TTM)22.64
FCFY7.46%
OCF(TTM)24.78
OCFY8.17%
SpS52.3
BVpS45.68
TBVpS-62.27
PEG (NY)1.14
PEG (5Y)1.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.48% | ||
| ROE | 29.91% | ||
| ROCE | 19.08% | ||
| ROIC | 12.35% | ||
| ROICexc | 14.35% | ||
| ROICexgc | 146.38% | ||
| OM | 44.09% | ||
| PM (TTM) | 26.13% | ||
| GM | 78.18% | ||
| FCFM | 43.28% |
ROA(3y)6.51%
ROA(5y)6.62%
ROE(3y)32.25%
ROE(5y)28.37%
ROIC(3y)12.38%
ROIC(5y)11.79%
ROICexc(3y)14.89%
ROICexc(5y)14.05%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)17.46%
ROCE(5y)16.33%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y7.63%
ROICexc growth 5Y0.05%
OM growth 3Y2.7%
OM growth 5Y-0.33%
PM growth 3Y-3.94%
PM growth 5Y-4.76%
GM growth 3YN/A
GM growth 5Y-4.8%
F-Score7
Asset Turnover0.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.8 | ||
| Debt/FCF | 4.13 | ||
| Debt/EBITDA | 2.96 | ||
| Cap/Depr | 45.7% | ||
| Cap/Sales | 4.09% | ||
| Interest Coverage | 3.7 | ||
| Cash Conversion | 89.3% | ||
| Profit Quality | 165.65% | ||
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z | 2.49 |
F-Score7
WACC7.88%
ROIC/WACC1.57
Cap/Depr(3y)43.97%
Cap/Depr(5y)38.02%
Cap/Sales(3y)4.15%
Cap/Sales(5y)3.71%
Profit Quality(3y)119.4%
Profit Quality(5y)135.52%
High Growth Momentum
Growth
EPS 1Y (TTM)5.09%
EPS 3Y15.12%
EPS 5Y9.95%
EPS Q2Q%9.9%
EPS Next Y15.77%
EPS Next 2Y16.02%
EPS Next 3Y15.58%
EPS Next 5YN/A
Revenue 1Y (TTM)9.65%
Revenue growth 3Y16.3%
Revenue growth 5Y9.08%
Sales Q2Q%6.08%
Revenue Next Year7.65%
Revenue Next 2Y8.57%
Revenue Next 3Y8.73%
Revenue Next 5YN/A
EBIT growth 1Y14.53%
EBIT growth 3Y19.44%
EBIT growth 5Y8.72%
EBIT Next Year33.78%
EBIT Next 3Y17.84%
EBIT Next 5YN/A
FCF growth 1Y169.54%
FCF growth 3Y5.27%
FCF growth 5Y14.62%
OCF growth 1Y135.86%
OCF growth 3Y6.53%
OCF growth 5Y14.53%