Loading...

World Fuel Services

DB:WFK
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WFK
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

World Fuel Services Corporation engages in the distribution of fuel, and related products and services in the aviation, marine, and land transportation industries worldwide. The last earnings update was 11 days ago. More info.


Add to Portfolio Compare Print
WFK Share Price and Events
7 Day Returns
5.8%
DB:WFK
0.7%
DE Oil and Gas
-0.2%
DE Market
1 Year Returns
47.3%
DB:WFK
15.7%
DE Oil and Gas
-10.4%
DE Market
WFK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
World Fuel Services (WFK) 5.8% 1.8% 26% 47.3% -28.7% -18%
DE Oil and Gas 0.7% 7.5% 10.3% 15.7% 20.4% 68.1%
DE Market -0.2% -2.1% 4.2% -10.4% 11.1% 10.6%
1 Year Return vs Industry and Market
  • WFK outperformed the Oil and Gas industry which returned 15.7% over the past year.
  • WFK outperformed the Market in Germany which returned -10.4% over the past year.
Price Volatility
WFK
Industry
5yr Volatility vs Market

WFK Value

 Is World Fuel Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of World Fuel Services to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for World Fuel Services.

DB:WFK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:WFK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.917 (1 + (1- 21%) (42.3%))
1.15
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.15 * 5.96%)
7.08%

Discounted Cash Flow Calculation for DB:WFK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for World Fuel Services is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:WFK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.08%)
2019 136.44 Analyst x1 127.42
2020 165.34 Analyst x1 144.20
2021 169.32 Analyst x1 137.90
2022 172.25 Est @ 1.73% 131.02
2023 174.45 Est @ 1.28% 123.92
2024 176.13 Est @ 0.96% 116.84
2025 177.44 Est @ 0.74% 109.93
2026 178.49 Est @ 0.59% 103.27
2027 179.35 Est @ 0.48% 96.90
2028 180.07 Est @ 0.4% 90.86
Present value of next 10 years cash flows $1,182.26
DB:WFK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $180.07 × (1 + 0.23%) ÷ (7.08% – 0.23%)
$2,634.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,634.16 ÷ (1 + 7.08%)10
$1,329.15
DB:WFK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,182.26 + $1,329.15
$2,511.41
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,511.41 / 67.25
$37.34
DB:WFK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WFK represents 0.91062x of NYSE:INT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91062x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 37.34 x 0.91062
€34.01
Value per share (EUR) From above. €34.01
Current discount Discount to share price of €27.77
= -1 x (€27.77 - €34.01) / €34.01
18.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price World Fuel Services is available for.
Intrinsic value
18%
Share price is €27.77 vs Future cash flow value of €34.01
Current Discount Checks
For World Fuel Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • World Fuel Services's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • World Fuel Services's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for World Fuel Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are World Fuel Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WFK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.99
NYSE:INT Share Price ** NYSE (2019-05-17) in USD $30.49
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 9.63x
Germany Market PE Ratio Median Figure of 426 Publicly-Listed Companies 20.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of World Fuel Services.

DB:WFK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:INT Share Price ÷ EPS (both in USD)

= 30.49 ÷ 1.99

15.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • World Fuel Services is overvalued based on earnings compared to the DE Oil and Gas industry average.
  • World Fuel Services is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does World Fuel Services's expected growth come at a high price?
Raw Data
DB:WFK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
15.9%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 60 Publicly-Listed Oil and Gas Companies 0.91x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

DB:WFK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.35x ÷ 15.9%

0.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • World Fuel Services is good value based on expected growth next year.
Price based on value of assets
What value do investors place on World Fuel Services's assets?
Raw Data
DB:WFK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $27.43
NYSE:INT Share Price * NYSE (2019-05-17) in USD $30.49
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.07x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.79x
DB:WFK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:INT Share Price ÷ Book Value per Share (both in USD)

= 30.49 ÷ 27.43

1.11x

* Primary Listing of World Fuel Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • World Fuel Services is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess World Fuel Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. World Fuel Services has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

WFK Future Performance

 How is World Fuel Services expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is World Fuel Services expected to grow at an attractive rate?
  • World Fuel Services's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • World Fuel Services's earnings growth is expected to exceed the Germany market average.
  • World Fuel Services's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WFK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WFK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 15.9%
DB:WFK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 7.6%
Germany Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 2.9%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:WFK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WFK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 46,250 1
2020-12-31 43,174 180 3
2019-12-31 38,560 250 161 3
DB:WFK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 39,248 57 134
2018-12-31 39,750 -183 128
2018-09-30 38,634 -259 -95
2018-06-30 36,747 -362 -172
2018-03-31 34,683 -427 -170
2017-12-31 33,696 -134 -170
2017-09-30 32,616 -206 25
2017-06-30 31,472 4 106
2017-03-31 30,019 131 106
2016-12-31 27,016 51 126
2016-09-30 25,957 343 174
2016-06-30 26,368 471 175

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • World Fuel Services's earnings are expected to grow by 15.9% yearly, however this is not considered high growth (20% yearly).
  • World Fuel Services's revenue is expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:WFK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from World Fuel Services Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WFK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 2.68 2.70 2.65 2.00
2019-12-31 2.39 2.44 2.33 2.00
DB:WFK Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.99
2018-12-31 1.89
2018-09-30 -1.40
2018-06-30 -2.54
2018-03-31 -2.51
2017-12-31 -2.50
2017-09-30 0.37
2017-06-30 1.55
2017-03-31 1.53
2016-12-31 1.82
2016-09-30 2.51
2016-06-30 2.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if World Fuel Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess World Fuel Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
World Fuel Services has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

WFK Past Performance

  How has World Fuel Services performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare World Fuel Services's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • World Fuel Services's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • World Fuel Services has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • World Fuel Services has become profitable in the last year making it difficult to compare the Europe Oil and Gas industry average.
Earnings and Revenue History
World Fuel Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from World Fuel Services Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WFK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 39,247.80 133.70 734.40
2018-12-31 39,750.30 127.70 741.70
2018-09-30 38,633.70 -94.90 755.40
2018-06-30 36,747.20 -171.70 745.60
2018-03-31 34,682.50 -170.30 740.20
2017-12-31 33,695.50 -170.20 735.10
2017-09-30 32,615.60 25.00 737.80
2017-06-30 31,472.30 106.30 737.50
2017-03-31 30,019.30 106.00 730.70
2016-12-31 27,015.80 126.40 710.10
2016-09-30 25,957.20 174.30 672.10
2016-06-30 26,368.20 175.20 654.00
2016-03-31 28,231.50 175.90 629.90
2015-12-31 30,381.40 174.50 615.30
2015-09-30 33,427.40 191.60 601.60
2015-06-30 37,330.10 203.60 581.80
2015-03-31 40,176.20 221.40 564.70
2014-12-31 43,391.80 224.50 542.40
2014-09-30 44,011.45 206.46 527.00
2014-06-30 42,791.71 202.33 508.64
2014-03-31 41,928.82 205.05 496.66
2013-12-31 41,561.90 203.10 488.30
2013-09-30 41,093.11 194.05 461.77
2013-06-30 40,511.12 194.07 449.34
2013-03-31 39,650.31 191.66 429.38
2012-12-31 38,945.34 189.35 416.42
2012-09-30 38,333.47 196.57 405.32
2012-06-30 37,932.59 197.73 395.53

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • World Fuel Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • World Fuel Services used its assets less efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • World Fuel Services has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess World Fuel Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
World Fuel Services has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

WFK Health

 How is World Fuel Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up World Fuel Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • World Fuel Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • World Fuel Services's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of World Fuel Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from World Fuel Services Company Filings, last reported 1 month ago.

DB:WFK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,855.80 867.40 194.00
2018-12-31 1,831.50 701.00 211.70
2018-09-30 1,781.20 742.30 142.10
2018-06-30 1,775.30 765.30 187.60
2018-03-31 1,771.10 834.40 152.90
2017-12-31 1,737.90 910.20 372.30
2017-09-30 1,935.80 1,151.70 546.00
2017-06-30 1,994.30 1,067.80 575.60
2017-03-31 1,975.60 1,082.90 619.30
2016-12-31 1,940.00 1,186.20 698.60
2016-09-30 1,976.80 1,138.90 872.30
2016-06-30 1,953.30 796.50 737.20
2016-03-31 1,973.20 805.30 689.70
2015-12-31 1,905.90 772.20 582.50
2015-09-30 1,875.80 884.40 609.60
2015-06-30 1,900.10 773.80 489.70
2015-03-31 1,882.20 700.80 391.00
2014-12-31 1,864.90 689.90 302.30
2014-09-30 1,811.71 767.28 388.54
2014-06-30 1,784.78 693.53 396.59
2014-03-31 1,731.84 728.66 446.50
2013-12-31 1,678.89 463.71 292.06
2013-09-30 1,662.26 458.65 333.22
2013-06-30 1,632.28 351.35 232.48
2013-03-31 1,592.11 276.67 159.60
2012-12-31 1,541.62 380.32 172.74
2012-09-30 1,494.29 287.17 139.40
2012-06-30 1,439.07 331.99 136.68
  • World Fuel Services's level of debt (46.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (42% vs 46.7% today).
  • Debt is not well covered by operating cash flow (6.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
X
Financial health checks
We assess World Fuel Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. World Fuel Services has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

WFK Dividends

 What is World Fuel Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.79%
Current annual income from World Fuel Services dividends. Estimated to be 0.79% next year.
If you bought €2,000 of World Fuel Services shares you are expected to receive €16 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • World Fuel Services's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • World Fuel Services's dividend is below the markets top 25% of dividend payers in Germany (3.8%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:WFK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 5.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:WFK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 0.24 1.00
2019-12-31 0.24 1.00
DB:WFK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-08 0.240 0.796
2018-11-30 0.240 0.992
2018-09-06 0.240 0.860
2018-05-24 0.240 1.024
2018-03-01 0.240 1.009
2017-12-01 0.240 0.891
2017-10-04 0.240 0.788
2017-05-25 0.240 0.672
2017-03-03 0.240 0.656
2016-11-30 0.240 0.553
2016-09-12 0.240 0.541
2016-05-26 0.240 0.522
2016-03-03 0.240 0.506
2015-11-24 0.240 0.594
2015-09-09 0.240 0.604
2015-06-01 0.240 0.540
2015-03-03 0.240 0.442
2014-11-21 0.150 0.308
2014-09-03 0.150 0.366
2014-05-29 0.150 0.323
2014-03-07 0.150 0.337
2013-11-26 0.150 0.348
2013-08-23 0.150 0.394
2013-05-31 0.150 0.382
2013-03-08 0.150 0.379
2013-02-21 0.150 0.386
2012-08-24 0.150 0.387
2012-06-12 0.150 0.400
2012-03-06 0.150 0.375
2011-11-22 0.150 0.346
2011-09-06 0.150 0.400
2011-06-10 0.150 0.422
2011-03-04 0.150 0.403
2010-12-02 0.150 0.409
2010-09-02 0.150 0.546
2010-06-03 0.150 0.585
2010-03-04 0.150 0.545
2009-12-04 0.150 0.590
2009-09-03 0.150 0.588
2009-06-04 0.150 0.708

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • World Fuel Services is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • World Fuel Services is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of World Fuel Services's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of World Fuel Services's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • No need to calculate the sustainability of World Fuel Services's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess World Fuel Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can World Fuel Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. World Fuel Services has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

WFK Management

 What is the CEO of World Fuel Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Kasbar
COMPENSATION $4,893,113
AGE 61
TENURE AS CEO 7.3 years
CEO Bio

Mr. Michael J. Kasbar, also known as Mike, has been the Chief Executive Officer and President of World Fuel Services Corp. since January 1, 2012 and July 2002 respectively. Mr. Kasbar served as the Chief Operating Officer of World Fuel Services Corp. from July 2002 to January 1, 2012. From January 1995 to July 2002, Mr. Kasbar served as Chief Executive Officer of Marine Fuel Services Segment at World Fuel Services Americas, Inc. (formerly Trans-Tec Services, Inc.). He co-founded Trans-Tec Services, Inc. in 1985 and serves as its Chairman of the Board. He has extensive executive experience in the fuel services business. From September 1985 to December 1994, Mr. Kasbar was an officer and Director at Trans-Tec New York and its affiliated companies. In 1983, Mr. Kasbar started Gray Bunkering Services which purchased marine fuel and lubricants for a large in-house shipping fleet while providing brokerage services. He has been Chairman of the Board of World Fuel Services Corp. since May 29, 2014 and its Director since June 1995. Mr. Kasbar is also a member of the Business Roundtable. He holds Bachelor's Degree in Environmental Science from State University of New York.

CEO Compensation
  • Mike's compensation has been consistent with company performance over the past year.
  • Mike's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the World Fuel Services management team in years:

3.2
Average Tenure
54.5
Average Age
  • The tenure for the World Fuel Services management team is about average.
Management Team

Mike Kasbar

TITLE
Chairman
COMPENSATION
$5M
AGE
61
TENURE
7.3 yrs

Ira Birns

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
55
TENURE
12.1 yrs

Jeff Smith

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
56
TENURE
1.6 yrs

Mike Crosby

TITLE
Executive Vice President of Global Land
COMPENSATION
$2M
AGE
53
TENURE
3.2 yrs

John Rau

TITLE
Executive Vice President of Global Aviation & Marine
COMPENSATION
$2M
AGE
54
TENURE
3.2 yrs

Alex Lake

TITLE
Executive VP
AGE
46
TENURE
2.2 yrs

Amy Abraham

TITLE
Senior VP & Chief Marketing Officer

Wade DeClaris

TITLE
Chief Commercial Officer

Francis Lee

TITLE
Executive Vice President of Marine
Board of Directors Tenure

Average tenure and age of the World Fuel Services board of directors in years:

5
Average Tenure
68
Average Age
  • The tenure for the World Fuel Services board of directors is about average.
Board of Directors

Paul Stebbins

TITLE
Chairman Emeritus
COMPENSATION
$221K
AGE
61
TENURE
5 yrs

Mike Kasbar

TITLE
Chairman
COMPENSATION
$5M
AGE
61
TENURE
5 yrs

Ken Bakshi

TITLE
Independent Director
COMPENSATION
$288K
AGE
68
TENURE
16.8 yrs

Stephen Roddenberry

TITLE
Lead Independent Director
COMPENSATION
$297K
AGE
69
TENURE
2 yrs

John Manley

TITLE
Independent Director
COMPENSATION
$274K
AGE
70
TENURE
8.6 yrs

Jorge Benitez

TITLE
Independent Director
COMPENSATION
$262K
AGE
58
TENURE
4.3 yrs

Tom Presby

TITLE
Independent Director
COMPENSATION
$248K
AGE
78
TENURE
16.3 yrs

Richard Kassar

TITLE
Independent Director
COMPENSATION
$264K
AGE
71
TENURE
16.8 yrs

Stephen Gold

TITLE
Independent Director
COMPENSATION
$240K
AGE
58
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • World Fuel Services insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. May 19 Sell John Presby Individual 10. May 19 10. May 19 -13,078 €26.00 €-340,029
24. May 18 Buy Jorge Benitez Individual 23. May 18 23. May 18 5,000 €18.44 €92,201
24. May 18 Buy Stephen Roddenberry Individual 22. May 18 22. May 18 5,000 €18.67 €93,368
24. May 18 Buy Richard Kassar Individual 22. May 18 22. May 18 5,000 €18.80 €94,005
24. May 18 Buy Kanwaljit Bakshi Individual 22. May 18 22. May 18 10,000 €18.57 €185,717
X
Management checks
We assess World Fuel Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. World Fuel Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

WFK News

Simply Wall St News

WFK Company Info

Description

World Fuel Services Corporation engages in the distribution of fuel, and related products and services in the aviation, marine, and land transportation industries worldwide. Its Aviation segment supplies fuel, and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, military fleets, the U.S. and foreign governments, and intergovernmental organizations. This segment also offers fuel management, price risk management, ground handling, and dispatch services, as well as international trip planning services, such as flight plans, weather reports, and overflight permits. The company’s Land segment offers fuel, heating oil, propane, natural gas, lubricants, and related products and services to petroleum distributors and retail petroleum operators, as well as industrial, commercial, residential, and government customers. This segment also offers management services for procuring fuel and price risk management; advisory and fulfillment solutions related to power, natural gas, and other energy products; and card payment solutions, government payment systems for fuel procurement, merchant processing services, toll payment solutions, and commercial payment programs. Its Marine segment markets fuel, lubricants, and related products and services to international container and tanker fleets, commercial cruise lines, yachts and time charter operators, offshore rig owners and operators, the U.S. and foreign governments, and other fuel suppliers. Its marine fuel-related services include management services to procure fuel, cost control, quality control, claims management, and card payment and related processing services. This segment also engages in the fueling of vessels, and transportation and delivery of fuel and fuel-related products. The company was founded in 1984 and is headquartered in Miami, Florida.

Details
Name: World Fuel Services Corporation
WFK
Exchange: DB
Founded: 1984
$1,837,245,680
67,251,473
Website: http://www.wfscorp.com
Address: World Fuel Services Corporation
9800 Northwest 41st Street,
Miami,
Florida, 33178,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE INT Common Stock New York Stock Exchange US USD 28. Aug 1986
DB WFK Common Stock Deutsche Boerse AG DE EUR 28. Aug 1986
Number of employees
Current staff
Staff numbers
5,000
World Fuel Services employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/18 21:41
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/04/30
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.