NYSE:INT

Stock Analysis Report

World Fuel Services

Executive Summary

World Fuel Services Corporation engages in the distribution of fuel, and related products and services in the aviation, marine, and land transportation industries worldwide.

Snowflake

Fundamentals

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has World Fuel Services's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.0%

INT

-0.2%

US Oil and Gas

1.8%

US Market


1 Year Return

44.6%

INT

-21.5%

US Oil and Gas

7.3%

US Market

Return vs Industry: INT exceeded the US Oil and Gas industry which returned -21.5% over the past year.

Return vs Market: INT exceeded the US Market which returned 7.3% over the past year.


Shareholder returns

INTIndustryMarket
7 Day3.0%-0.2%1.8%
30 Day-0.03%-6.4%-0.7%
90 Day11.8%-8.5%0.06%
1 Year46.1%44.6%-18.6%-21.5%9.7%7.3%
3 Year-11.5%-13.8%-8.1%-16.3%46.3%36.9%
5 Year5.2%1.4%-24.9%-35.3%64.5%46.5%

Price Volatility Vs. Market

How volatile is World Fuel Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is World Fuel Services undervalued compared to its fair value and its price relative to the market?

18.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: INT ($40.17) is trading above our estimate of fair value ($34.32)

Significantly Undervalued: INT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: INT is poor value based on its PE Ratio (19x) compared to the Oil and Gas industry average (9.8x).

PE vs Market: INT is poor value based on its PE Ratio (19x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: INT is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: INT is overvalued based on its PB Ratio (1.5x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

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

22.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INT's forecast earnings growth (22.5% per year) is above the savings rate (2.7%).

Earnings vs Market: INT's earnings (22.5% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: INT's revenue (8.5% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: INT's revenue (8.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if INT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

-34.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: INT's earnings have declined by -34% per year over the past 5 years.

Accelerating Growth: INT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: INT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (22.6%).


Return on Equity

High ROE: INT's Return on Equity (7.9%) is considered low.


Return on Assets

ROA vs Industry: INT's Return on Assets is below or equal to the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: INT has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is World Fuel Services's financial position?


Financial Position Analysis

Short Term Liabilities: INT's short term assets ($3.9B) exceeds its short term liabilities ($2.9B)

Long Term Liabilities: INT's short term assets (3.9B) exceeds its long term liabilities (1.0B)


Debt to Equity History and Analysis

Debt Level: INT's debt to equity ratio (36.8%) is considered satisfactory

Reducing Debt: INT's debt to equity ratio has reduced from 38.9% to 36.8% over the past 5 years.

Debt Coverage: INT's debt is well covered by operating cash flow (27.3%).

Interest Coverage: INT's interest payments on its debt are well covered by EBIT (4x coverage).


Balance Sheet

Inventory Level: INT has a low level of unsold assets or inventory.

Debt Coverage by Assets: INT's debt is covered by short term assets (assets are 5.881910x debt).


Next Steps

Dividend

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

1.00%

Current Dividend Yield


Dividend Yield vs Market

company1.0%marketbottom25%1.5%markettop25%3.7%industryaverage4.2%forecastin3Years0.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: INT's dividend (1%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: INT's dividend (1%) is low compared to the top 25% of dividend payers in the US market (3.72%).

Stable Dividend: INT's dividend payments have been volatile in the past 10 years.

Growing Dividend: INT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (13.2%), INT's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Mike Kasbar (62yo)

7.8yrs

Tenure

US$4,893,113

Compensation

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 O ...


CEO Compensation Analysis

Compensation vs. Market: Mike's total compensation ($USD4.89M) is about average for companies of similar size in the US market ($USD5.11M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.6yrs

Average Tenure

55.5yo

Average Age

Experienced Management: INT's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

5.4yrs

Average Tenure

65.5yo

Average Age

Experienced Board: INT's board of directors are considered experienced (5.4 years average tenure).


Insider Trading

Insider Buying: INT insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$380,53929 Aug 19
Paul Stebbins
EntityIndividual
Role
Chairman Emeritus
Chairman Emeritus
Shares10,000
Max PriceUS$38.09
SellUS$189,60028 Aug 19
Richard Kassar
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceUS$37.92
SellUS$382,27014 May 19
John Presby
EntityIndividual
Shares13,078
Max PriceUS$29.23

Ownership Breakdown


Management Team

  • Mike Kasbar (62yo)

    Chairman

    • Tenure: 7.8yrs
    • Compensation: US$4.89m
  • Alex Lake (47yo)

    Executive VP

    • Tenure: 2.6yrs
  • Ira Birns (56yo)

    Executive VP & CFO

    • Tenure: 12.5yrs
    • Compensation: US$1.90m
  • Jeff Smith (57yo)

    Chief Operating Officer

    • Tenure: 2yrs
    • Compensation: US$1.93m
  • Francis Lee

    Executive Vice President of Marine

    • Tenure: 0yrs
  • Mike Crosby (54yo)

    Executive Vice President of Global Land

    • Tenure: 3.6yrs
    • Compensation: US$1.80m
  • Wade DeClaris

    Chief Commercial Officer

    • Tenure: 0yrs
  • John Rau (55yo)

    Executive Vice President of Global Aviation & Marine

    • Tenure: 3.6yrs
    • Compensation: US$2.03m
  • Amy Abraham

    Senior VP & Chief Marketing Officer

    • Tenure: 0yrs

Board Members

  • Paul Stebbins (62yo)

    Chairman Emeritus

    • Tenure: 5.4yrs
    • Compensation: US$221.42k
  • Mike Kasbar (62yo)

    Chairman

    • Tenure: 7.8yrs
    • Compensation: US$4.89m
  • Stephen Roddenberry (70yo)

    Lead Independent Director

    • Tenure: 2.4yrs
    • Compensation: US$296.63k
  • Richard Kassar (72yo)

    Independent Director

    • Tenure: 17.2yrs
    • Compensation: US$263.63k
  • Ken Bakshi (69yo)

    Independent Director

    • Tenure: 17.2yrs
    • Compensation: US$287.63k
  • Stephen Gold (59yo)

    Independent Director

    • Tenure: 2yrs
    • Compensation: US$240.00k
  • John Manley (71yo)

    Independent Director

    • Tenure: 9yrs
    • Compensation: US$273.63k
  • Jorge Benitez (59yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: US$261.53k

Company Information

World Fuel Services Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: World Fuel Services Corporation
  • Ticker: INT
  • Exchange: NYSE
  • Founded: 1984
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: US$2.626b
  • Shares outstanding: 65.38m
  • Website: https://www.wfscorp.com

Number of Employees


Location

  • World Fuel Services Corporation
  • 9800 Northwest 41st Street
  • Miami
  • Florida
  • 33178
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INTNYSE (New York Stock Exchange)YesCommon StockUSUSDAug 1986
WFKDB (Deutsche Boerse AG)YesCommon StockDEEURAug 1986

Biography

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 f ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 23:43
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.