FLEETCOR TECHNOLOGIES INC (FLT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FLT - US3390411052 - Common Stock
303.26 USD
-2.54 (-0.83%)
303.26 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to FLT. FLT was compared to 99 industry peers in the Financial Services industry. FLT scores excellent on profitability, but there are some minor concerns on its financial health. FLT is not valued too expensively and it also shows a decent 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.
FLT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.48%, FLT belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
With an excellent Return On Equity value of 29.91%, FLT belongs to the best of the industry, outperforming 90.20% of the companies in the same industry.
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 8.44%.
| 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.
FLT has a better Operating Margin (44.09%) 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.
The Gross Margin of FLT (78.18%) is better than 86.27% of its industry peers.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FLT is creating some value.
The number of shares outstanding for FLT has been reduced compared to 1 year ago.
Compared to 5 years ago, FLT has less shares outstanding
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.
The Altman-Z score of FLT (2.49) is better 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.
Looking at the Debt to FCF ratio, with a value of 4.13, FLT is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
A Debt/Equity ratio of 1.80 is on the high side and indicates that FLT has dependencies on debt financing.
FLT has a worse Debt to Equity ratio (1.80) than 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.
A Quick Ratio of 1.04 indicates that FLT should not have too much problems paying its short term obligations.
FLT has a Quick ratio (1.04) which is comparable to the rest of the industry.
| 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.
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.
FLT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.65%.
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
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.
Based on estimates for the next years, FLT will show a quite strong growth in Revenue. The Revenue will grow by 8.73% on average per year.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.92, the valuation of FLT can be described as rather expensive.
The rest of the industry has a similar Price/Earnings ratio as FLT.
FLT's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.59.
A Price/Forward Earnings ratio of 15.48 indicates a correct valuation of FLT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FLT is on the same level as its industry peers.
FLT is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.03, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.92 | ||
| Fwd PE | 15.48 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FLT is valued a bit cheaper than the industry average as 69.61% of the companies are valued more expensively.
FLT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FLT is 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
FLT's 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%
5. Dividend
5.1 Amount
FLT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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
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 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
Graham NumberN/A
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%
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 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%
FLEETCOR TECHNOLOGIES INC / FLT FAQ
What is the ChartMill fundamental rating of FLEETCOR TECHNOLOGIES INC (FLT) stock?
ChartMill assigns a fundamental rating of 5 / 10 to FLT.
What is the valuation status of FLEETCOR TECHNOLOGIES INC (FLT) stock?
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.