FLT

FLEETCOR TechnologiesNYSE:FLT Stock Report

Market Cap

US$21.6b

7D

-1.2%

1Y

10.8%

Updated

16 Sep, 2021

Data

Company Financials +
FLT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance3/6
Financial Health3/6
Dividends0/6

FLT Overview

FLEETCOR Technologies, Inc. provides digital payment solutions for businesses to control purchases and make payments.

Share Price & News

How has FLEETCOR Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FLT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: FLT's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.2%

FLT

-0.8%

US IT

-0.6%

US Market


1 Year Return

10.8%

FLT

26.4%

US IT

33.6%

US Market

Return vs Industry: FLT underperformed the US IT industry which returned 26.1% over the past year.

Return vs Market: FLT underperformed the US Market which returned 33.7% over the past year.


Shareholder returns

FLTIndustryMarket
7 Day-1.2%-0.8%-0.6%
30 Day-0.008%0.7%1.3%
90 Day0.5%2.2%5.3%
1 Year10.8%10.8%27.5%26.4%35.6%33.6%
3 Year17.6%17.6%80.6%74.9%60.9%51.0%
5 Year51.9%51.9%203.3%182.5%123.4%99.1%

Long-Term Price Volatility Vs. Market

How volatile is FLEETCOR Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

FLEETCOR Technologies Fundamentals Summary

How do FLEETCOR Technologies's earnings and revenue compare to its market cap?
FLT fundamental statistics
Market CapUS$21.59b
Earnings (TTM)US$779.15m
Revenue (TTM)US$2.48b

27.7x

P/E Ratio

8.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FLT income statement (TTM)
RevenueUS$2.48b
Cost of RevenueUS$480.09m
Gross ProfitUS$2.00b
ExpensesUS$1.22b
EarningsUS$779.15m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)9.34
Gross Margin80.63%
Net Profit Margin31.43%
Debt/Equity Ratio147.3%

How did FLT perform over the long term?

See historical performance and comparison

Valuation

Is FLEETCOR Technologies undervalued compared to its fair value and its price relative to the market?

24.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FLT ($261.38) is trading below our estimate of fair value ($344.06)

Significantly Below Fair Value: FLT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FLT is good value based on its PE Ratio (27.7x) compared to the US IT industry average (34.7x).

PE vs Market: FLT is poor value based on its PE Ratio (27.7x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: FLT is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: FLT is overvalued based on its PB Ratio (6.2x) compared to the US IT industry average (5.5x).


Future Growth

How is FLEETCOR Technologies forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

19.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLT's forecast earnings growth (19.9% per year) is above the savings rate (2%).

Earnings vs Market: FLT's earnings (19.9% per year) are forecast to grow faster than the US market (14.9% per year).

High Growth Earnings: FLT's earnings are forecast to grow, but not significantly.

Revenue vs Market: FLT's revenue (11.9% per year) is forecast to grow faster than the US market (9.7% per year).

High Growth Revenue: FLT's revenue (11.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FLT's Return on Equity is forecast to be high in 3 years time (32.6%)


Past Performance

How has FLEETCOR Technologies performed over the past 5 years?

11.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FLT has high quality earnings.

Growing Profit Margin: FLT's current net profit margins (31.4%) are higher than last year (29.9%).


Past Earnings Growth Analysis

Earnings Trend: FLT's earnings have grown by 11.2% per year over the past 5 years.

Accelerating Growth: FLT's earnings growth over the past year (1.6%) is below its 5-year average (11.2% per year).

Earnings vs Industry: FLT earnings growth over the past year (1.6%) underperformed the IT industry 28%.


Return on Equity

High ROE: Whilst FLT's Return on Equity (22.33%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is FLEETCOR Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: FLT's short term assets ($5.3B) exceed its short term liabilities ($5.0B).

Long Term Liabilities: FLT's short term assets ($5.3B) exceed its long term liabilities ($4.6B).


Debt to Equity History and Analysis

Debt Level: FLT's debt to equity ratio (147.3%) is considered high.

Reducing Debt: FLT's debt to equity ratio has increased from 92.2% to 147.3% over the past 5 years.

Debt Coverage: FLT's debt is not well covered by operating cash flow (20%).

Interest Coverage: FLT's interest payments on its debt are well covered by EBIT (8.9x coverage).


Balance Sheet


Dividend

What is FLEETCOR Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FLT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FLT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FLT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FLT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FLT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Ron Clarke (65 yo)

21.08yrs

Tenure

US$1,311,226

Compensation

Mr. Ronald F. Clarke, also known as Ron, has been the Chairman of FleetCor Technologies, Inc. since March 2003 and its Chief Executive Officer and President since August 2000. He serves as a Member of Advi...


CEO Compensation Analysis

Compensation vs Market: Ron's total compensation ($USD1.31M) is below average for companies of similar size in the US market ($USD11.33M).

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


Leadership Team

Experienced Management: FLT's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: FLT's board of directors are considered experienced (8.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

FLEETCOR Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FLEETCOR Technologies, Inc.
  • Ticker: FLT
  • Exchange: NYSE
  • Founded: 1986
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: US$21.591b
  • Shares outstanding: 82.60m
  • Website: https://www.fleetcor.com

Number of Employees


Location

  • FLEETCOR Technologies, Inc.
  • 3280 Peachtree Road
  • Suite 2400
  • Atlanta
  • Georgia
  • 30305
  • United States

Listings


Biography

FLEETCOR Technologies, Inc. provides digital payment solutions for businesses to control purchases and make payments. It offers corporate payments solutions, such as accounts payable automation; Virtual Ca...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 22:48
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.