FLEETCOR TECHNOLOGIES INC (FLT) Fundamental Analysis & Valuation

NYSE:FLT • US3390411052

Current stock price

303.26 USD
-2.54 (-0.83%)
At close:
303.26 USD
0 (0%)
After Hours:

This FLT fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. FLT Profitability Analysis

1.1 Basic Checks

  • In the past year FLT was profitable.
  • FLT had a positive operating cash flow in the past year.
  • In the past 5 years FLT has always been profitable.
  • Each year in the past 5 years FLT had a positive operating cash flow.
FLT Yearly Net Income VS EBIT VS OCF VS FCFFLT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

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 has a Return On Equity of 29.91%. This is amongst the best in the industry. FLT outperforms 90.20% of its industry peers.
  • FLT has a Return On Invested Capital of 12.35%. This is amongst the best in the industry. FLT outperforms 92.16% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for FLT is above the industry average of 8.07%.
Industry RankSector 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%
FLT Yearly ROA, ROE, ROICFLT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

1.3 Margins

  • The Profit Margin of FLT (26.13%) is better than 77.45% of its industry peers.
  • In the last couple of years the Profit Margin of FLT has declined.
  • The Operating Margin of FLT (44.09%) is better than 85.29% of its industry peers.
  • In the last couple of years the Operating Margin of FLT has remained more or less at the same level.
  • FLT has a better Gross Margin (78.18%) than 86.27% of its industry peers.
  • In the last couple of years the Gross Margin of FLT has declined.
Industry RankSector 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%
FLT Yearly Profit, Operating, Gross MarginsFLT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60 80

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5

2. FLT Health Analysis

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 a better debt/assets ratio than last year.
FLT Yearly Shares OutstandingFLT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M
FLT Yearly Total Debt VS Total AssetsFLT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B

2.2 Solvency

  • An Altman-Z score of 2.49 indicates that FLT is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • FLT has a better Altman-Z score (2.49) than 83.33% of its industry peers.
  • 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.
  • The Debt to FCF ratio of FLT (4.13) is better than 66.67% of its industry peers.
  • A Debt/Equity ratio of 1.80 is on the high side and indicates that FLT has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.80, FLT is doing worse than 70.59% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.8
Debt/FCF 4.13
Altman-Z 2.49
ROIC/WACC1.57
WACC7.88%
FLT Yearly LT Debt VS Equity VS FCFFLT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 1.04 indicates that FLT should not have too much problems paying its short term obligations.
  • FLT has a Current ratio (1.04) which is comparable to the rest of the industry.
  • 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 has a Quick ratio of 1.04. This is comparable to the rest of the industry: FLT outperforms 47.06% of its industry peers.
Industry RankSector Rank
Current Ratio 1.04
Quick Ratio 1.04
FLT Yearly Current Assets VS Current LiabilitesFLT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. FLT Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 5.09% over the past year.
  • Measured over the past years, FLT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.95% on average per year.
  • The Revenue has grown by 9.65% in the past year. This is quite good.
  • FLT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.08% yearly.
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

  • FLT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.58% yearly.
  • 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.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
FLT Yearly Revenue VS EstimatesFLT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1B 2B 3B 4B
FLT Yearly EPS VS EstimatesFLT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 5 10 15 20 25

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5

4. FLT Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 17.92, the valuation of FLT can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of FLT is on the same level as its industry peers.
  • FLT is valuated rather cheaply when we compare the Price/Earnings ratio to 24.88, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 15.48 indicates a correct valuation of FLT.
  • FLT's Price/Forward Earnings ratio is in line with the industry average.
  • FLT's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.19.
Industry RankSector Rank
PE 17.92
Fwd PE 15.48
FLT Price Earnings VS Forward Price EarningsFLT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FLT indicates a somewhat cheap valuation: FLT is cheaper than 69.61% of the companies listed in the same industry.
  • 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 RankSector Rank
P/FCF 13.4
EV/EBITDA 12.95
FLT Per share dataFLT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40 -40 -60

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.
  • A more expensive valuation may be justified as FLT's earnings are expected to grow with 15.58% in the coming years.
PEG (NY)1.14
PEG (5Y)1.8
EPS Next 2Y16.02%
EPS Next 3Y15.58%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. FLT Dividend Analysis

5.1 Amount

  • FLT does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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FLT Fundamentals: All Metrics, Ratios and Statistics

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)02-07
Earnings (Next)05-01
Inst Owners0.34%
Inst Owner Change1300%
Ins Owners6.57%
Ins Owner Change0%
Market Cap21.90B
Revenue(TTM)3.76B
Net Income(TTM)981.86M
Analysts78.26
Price Target321.23 (5.93%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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 RankSector 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
Graham NumberN/A
Profitability
Industry RankSector 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%
ROICexgc growth 3YN/A
ROICexgc 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 RankSector 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%

FLEETCOR TECHNOLOGIES INC / FLT Fundamental Analysis FAQ

What is the ChartMill fundamental rating of FLEETCOR TECHNOLOGIES INC (FLT) stock?

ChartMill assigns a fundamental rating of 5 / 10 to FLT.


Can you provide the valuation status for FLEETCOR TECHNOLOGIES INC?

ChartMill assigns a valuation rating of 5 / 10 to FLEETCOR TECHNOLOGIES INC (FLT). This can be considered as Fairly Valued.


Can you provide the profitability details for FLEETCOR TECHNOLOGIES INC?

FLEETCOR TECHNOLOGIES INC (FLT) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for FLT stock?

The Price/Earnings (PE) ratio for FLEETCOR TECHNOLOGIES INC (FLT) is 17.92 and the Price/Book (PB) ratio is 6.64.


What is the earnings growth outlook for FLEETCOR TECHNOLOGIES INC?

The Earnings per Share (EPS) of FLEETCOR TECHNOLOGIES INC (FLT) is expected to grow by 15.77% in the next year.