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FleetCor Technologies

NYSE:FLT
Snowflake Description

Acceptable track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FLT
NYSE
$20B
Market Cap
  1. Home
  2. US
  3. Software
Company description

FleetCor Technologies, Inc. provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The last earnings update was 22 days ago. More info.


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  • FleetCor Technologies has significant price volatility in the past 3 months.
FLT Share Price and Events
7 Day Returns
-0.8%
NYSE:FLT
0.6%
US IT
0.4%
US Market
1 Year Returns
19.8%
NYSE:FLT
17.2%
US IT
3.5%
US Market
FLT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FleetCor Technologies (FLT) -0.8% 5.2% 34.6% 19.8% 62.8% 109.5%
US IT 0.6% 4.5% 26.4% 17.2% 80.2% 96.1%
US Market 0.4% 1.6% 16.4% 3.5% 39.4% 44%
1 Year Return vs Industry and Market
  • FLT outperformed the IT industry which returned 17.2% over the past year.
  • FLT outperformed the Market in United States of America which returned 3.5% over the past year.
Price Volatility
FLT
Industry
5yr Volatility vs Market

FLT Value

 Is FleetCor Technologies 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 FleetCor Technologies 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 FleetCor Technologies.

NYSE:FLT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NYSE:FLT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.063 (1 + (1- 21%) (23.64%))
1.175
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.175 * 5.96%)
9.73%

Discounted Cash Flow Calculation for NYSE:FLT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for FleetCor Technologies 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.

NYSE:FLT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.73%)
2019 1,016.62 Analyst x2 926.44
2020 1,114.88 Analyst x3 925.86
2021 1,195.81 Est @ 7.26% 904.98
2022 1,266.37 Est @ 5.9% 873.37
2023 1,329.05 Est @ 4.95% 835.29
2024 1,385.98 Est @ 4.28% 793.80
2025 1,438.89 Est @ 3.82% 751.00
2026 1,489.13 Est @ 3.49% 708.28
2027 1,537.72 Est @ 3.26% 666.51
2028 1,585.43 Est @ 3.1% 626.24
Present value of next 10 years cash flows $8,011.78
NYSE:FLT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,585.43 × (1 + 2.73%) ÷ (9.73% – 2.73%)
$23,254.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $23,254.40 ÷ (1 + 9.73%)10
$9,185.38
NYSE:FLT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $8,011.78 + $9,185.38
$17,197.16
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $17,197.16 / 85.86
$200.3
NYSE:FLT Discount to Share Price
Calculation Result
Value per share (USD) From above. $200.30
Current discount Discount to share price of $237.46
= -1 x ($237.46 - $200.30) / $200.30
-18.6%

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

  • The current share price of FleetCor Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 FleetCor Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FleetCor Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:FLT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $9.14
NYSE:FLT Share Price ** NYSE (2019-03-22) in USD $237.46
United States of America IT Industry PE Ratio Median Figure of 78 Publicly-Listed IT Companies 29.9x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.52x

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

** Primary Listing of FleetCor Technologies.

NYSE:FLT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 237.46 ÷ 9.14

25.97x

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

  • FleetCor Technologies is good value based on earnings compared to the US IT industry average.
  • FleetCor Technologies is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does FleetCor Technologies's expected growth come at a high price?
Raw Data
NYSE:FLT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
9.1%per year
United States of America IT Industry PEG Ratio Median Figure of 64 Publicly-Listed IT Companies 2.41x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:FLT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.97x ÷ 9.1%

2.85x

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

  • FleetCor Technologies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on FleetCor Technologies's assets?
Raw Data
NYSE:FLT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $38.91
NYSE:FLT Share Price * NYSE (2019-03-22) in USD $237.46
United States of America IT Industry PB Ratio Median Figure of 121 Publicly-Listed IT Companies 4.39x
United States of America Market PB Ratio Median Figure of 5,157 Publicly-Listed Companies 1.88x
NYSE:FLT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 237.46 ÷ 38.91

6.1x

* Primary Listing of FleetCor Technologies.

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

  • FleetCor Technologies is overvalued based on assets compared to the US IT industry average.
X
Value checks
We assess FleetCor Technologies'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 IT 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 IT industry average (and greater than 0)? (1 check)
  5. FleetCor Technologies has a total score of 1/6, 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.

FLT Future Performance

 How is FleetCor Technologies expected to perform in the next 1 to 3 years based on estimates from 14 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
9.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FleetCor Technologies expected to grow at an attractive rate?
  • FleetCor Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • FleetCor Technologies's earnings growth is positive but not above the United States of America market average.
  • FleetCor Technologies's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:FLT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:FLT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 9.1%
NYSE:FLT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 7.9%
United States of America IT Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
United States of America IT Industry Revenue Growth Rate Market Cap Weighted Average 9.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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
NYSE:FLT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:FLT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,081 1,411 1,071 5
2020-12-31 2,851 1,402 938 14
2019-12-31 2,604 1,210 804 14
NYSE:FLT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,433 903 811
2018-09-30 2,400 800 792
2018-06-30 2,358 743 837
2018-03-31 2,315 803 791
2017-12-31 2,250 680 740
2017-09-30 2,155 733 553
2017-06-30 2,061 702 480
2017-03-31 1,938 657 465
2016-12-31 1,832 708 452
2016-09-30 1,747 634 410
2016-06-30 1,714 768 397
2016-03-31 1,701 810 379

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FleetCor Technologies's earnings are expected to grow by 9.1% yearly, however this is not considered high growth (20% yearly).
  • FleetCor Technologies's revenue is expected to grow by 7.9% 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
NYSE:FLT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from FleetCor Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FLT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 12.50 12.75 12.26 2.00
2020-12-31 10.76 10.99 10.36 6.00
2019-12-31 9.08 9.20 8.90 6.00
NYSE:FLT Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 9.14
2018-09-30 8.88
2018-06-30 9.32
2018-03-31 8.74
2017-12-31 8.12
2017-09-30 6.02
2017-06-30 5.20
2017-03-31 5.03
2016-12-31 4.89
2016-09-30 4.43
2016-06-30 4.30
2016-03-31 4.11

*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.
  • FleetCor Technologies is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess FleetCor Technologies'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
FleetCor Technologies 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.

FLT Past Performance

  How has FleetCor Technologies 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 FleetCor Technologies's growth in the last year to its industry (IT).
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.
  • FleetCor Technologies has delivered over 20% year on year earnings growth in the past 5 years.
  • FleetCor Technologies's 1-year earnings growth is less than its 5-year average (9.6% vs 22.3%)
  • FleetCor Technologies's earnings growth has not exceeded the US IT industry average in the past year (9.6% vs 13.7%).
Earnings and Revenue History
FleetCor Technologies'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 FleetCor Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FLT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,433.49 811.48 571.77
2018-09-30 2,400.06 792.18 581.11
2018-06-30 2,358.35 837.31 573.65
2018-03-31 2,314.61 791.44 561.55
2017-12-31 2,249.54 740.20 558.41
2017-09-30 2,154.50 552.93 511.25
2017-06-30 2,061.05 479.72 486.22
2017-03-31 1,937.72 464.99 455.21
2016-12-31 1,831.55 452.39 415.07
2016-09-30 1,747.19 409.79 428.29
2016-06-30 1,714.26 396.94 409.73
2016-03-31 1,700.96 379.37 404.88
2015-12-31 1,702.87 362.43 406.79
2015-09-30 1,648.96 419.14 386.56
2015-06-30 1,492.75 397.88 351.94
2015-03-31 1,361.65 387.75 316.67
2014-12-31 1,199.39 368.71 281.49
2014-09-30 1,078.19 327.29 232.10
2014-06-30 1,008.06 310.40 218.62
2014-03-31 955.43 294.95 207.54
2013-12-31 895.17 284.50 193.63
2013-09-30 842.29 276.45 173.67
2013-06-30 804.07 257.48 172.26
2013-03-31 755.02 238.78 161.12
2012-12-31 707.53 216.20 154.05
2012-09-30 645.08 193.90 146.48
2012-06-30 592.36 174.77 131.69
2012-03-31 554.75 157.08 129.57

*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.
  • Whilst FleetCor Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • FleetCor Technologies used its assets more efficiently than the US IT industry average last year based on Return on Assets.
  • FleetCor Technologies has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess FleetCor Technologies'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 IT 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.
FleetCor Technologies has a total score of 3/6, 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.

FLT Health

 How is FleetCor Technologies'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 FleetCor Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FleetCor Technologies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • FleetCor Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of FleetCor Technologies'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 not covered by short term assets, assets are 0.8x 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 FleetCor Technologies Company Filings, last reported 2 months ago.

NYSE:FLT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,340.18 4,819.05 1,031.15
2018-09-30 3,562.25 4,472.93 924.44
2018-06-30 3,439.09 4,748.00 919.66
2018-03-31 3,888.05 4,489.45 979.57
2017-12-31 3,676.52 4,518.62 913.60
2017-09-30 3,430.42 4,536.48 834.76
2017-06-30 3,405.50 3,838.07 564.58
2017-03-31 3,341.81 3,868.34 546.56
2016-12-31 3,084.04 3,858.23 475.02
2016-09-30 3,178.52 3,936.12 405.44
2016-06-30 3,082.71 2,832.08 493.09
2016-03-31 2,987.77 2,775.03 399.32
2015-12-31 2,830.05 2,935.00 447.15
2015-09-30 2,962.57 3,088.29 422.39
2015-06-30 2,907.00 3,358.59 384.18
2015-03-31 2,780.17 3,475.81 379.39
2014-12-31 2,618.56 3,593.72 477.07
2014-09-30 1,558.81 1,354.77 304.11
2014-06-30 1,475.52 1,471.36 297.64
2014-03-31 1,366.18 1,386.28 283.37
2013-12-31 1,243.89 1,486.38 338.11
2013-09-30 1,173.90 1,133.97 345.69
2013-06-30 1,050.01 1,034.09 292.91
2013-03-31 983.01 999.36 224.61
2012-12-31 913.82 925.09 283.65
2012-09-30 1,035.07 862.50 300.06
2012-06-30 941.92 740.82 255.58
2012-03-31 883.04 795.24 287.12
  • FleetCor Technologies's level of debt (144.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (119.3% vs 144.3% today).
  • Debt is not well covered by operating cash flow (18.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.9x coverage).
X
Financial health checks
We assess FleetCor Technologies'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. FleetCor Technologies has a total score of 2/6, 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.

FLT Dividends

 What is FleetCor Technologies'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%
Current annual income from FleetCor Technologies dividends. Estimated to be 0% next year.
If you bought $2,000 of FleetCor Technologies shares you are expected to receive $0 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?
  • Unable to evaluate FleetCor Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate FleetCor Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NYSE:FLT 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 14 Analyst Estimates (S&P Global) See Below
United States of America IT Industry Average Dividend Yield Market Cap Weighted Average of 33 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2006 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NYSE:FLT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 3.00
2020-12-31 0.00 3.00
2019-12-31 0.00 3.00

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

  • Unable to perform a dividend volatility check as FleetCor Technologies has not reported any payouts.
  • Unable to verify if FleetCor Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of FleetCor Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as FleetCor Technologies has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of FleetCor Technologies's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess FleetCor Technologies'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 FleetCor Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FleetCor Technologies 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.

FLT Management

 What is the CEO of FleetCor Technologies'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
Ron Clarke
COMPENSATION $52,643,810
AGE 61
TENURE AS CEO 18.6 years
CEO Bio

Mr. Clare 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 Member of the Supervisory Board at MONETA Money Bank, a.s. He serves as a Member of Advisory Board of Cove Hill Partners, L.P. Mr. Clarke served as the Chief Operating Officer of AHL Services Inc. from 1999 to 2000 and served as its President from 1999 to September 2000. He joined FleetCor Technologies, Inc. in 2000. He joined AHLin May 1999 and resigned from AHL in September 2000. He served as the Chief Marketing Officer, Division President and Corporate Officer of ADP. From 1990 to 1998, he served as the Chief Marketing Officer and later as a division president with Automatic Data Processing, Inc., a computer services company. From 1987 to 1990, Mr. Clarke was a Principal at Booz Allen Hamilton, a global management consulting firm. He served as a Marketing Manager for General Electric Company, a diversified technology, media and financial services corporation. He has been Director of FleetCor Technologies, Inc. since 2000. Mr. Clarke holds a B.A. Degree in Economics from Colby College and an MBA from Cornell University.

CEO Compensation
  • Ron's compensation has increased by more than 20% in the past year.
  • Ron's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the FleetCor Technologies management team in years:

4.8
Average Tenure
50
Average Age
  • The tenure for the FleetCor Technologies management team is about average.
Management Team

Ron Clarke

TITLE
Chairman
COMPENSATION
$53M
AGE
61
TENURE
18.6 yrs

Eric Dey

TITLE
CFO & Corporate Secretary
COMPENSATION
$7M
AGE
58
TENURE
16.3 yrs

John Coughlin

TITLE
Executive Vice President of Global Corporate Development
COMPENSATION
$5M
AGE
50
TENURE
8.5 yrs

Scott Dufour

TITLE
Global Chief Information Officer
AGE
49
TENURE
0.1 yrs

Jim Eglseder

TITLE
Head of investor relations
TENURE
1.2 yrs

Sean Bowen

TITLE
Senior Vice President and General Counsel
AGE
57

H. Smith

TITLE
Executive Vice President of Strategic Partnerships

Armando Netto

TITLE
President of Brazil
COMPENSATION
$4M
AGE
49
TENURE
4.8 yrs

Patrick Ducharme

TITLE
Managing Director of Canada Region
TENURE
4.8 yrs

Kurt Adams

TITLE
President of Comdata Corporate Payments
AGE
48
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the FleetCor Technologies board of directors in years:

5.7
Average Tenure
62
Average Age
  • The tenure for the FleetCor Technologies board of directors is about average.
Board of Directors

Richard Macchia

TITLE
Director
COMPENSATION
$301K
AGE
66
TENURE
8.7 yrs

Ron Clarke

TITLE
Chairman
COMPENSATION
$53M
AGE
61
TENURE
16 yrs

Joseph Farrelly

TITLE
Director
COMPENSATION
$301K
AGE
74
TENURE
4.9 yrs

Tom Hagerty

TITLE
Director
COMPENSATION
$251K
AGE
56
TENURE
4.3 yrs

Mark Johnson

TITLE
Director
COMPENSATION
$251K
AGE
65
TENURE
16 yrs

Jeff Sloan

TITLE
Director
COMPENSATION
$251K
AGE
51
TENURE
5.7 yrs

Steven Stull

TITLE
Director
COMPENSATION
$251K
AGE
59
TENURE
18.4 yrs

Mike Buckman

TITLE
Director
COMPENSATION
$251K
AGE
70
TENURE
5.7 yrs

Hala Moddelmog

TITLE
Director
COMPENSATION
$125K
AGE
62
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess FleetCor Technologies'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. FleetCor Technologies 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.

FLT News

Simply Wall St News

Is FleetCor Technologies, Inc. (NYSE:FLT) A Financially Sound Company?

its financial health remains the key to continued success. … Let’s take a look at FleetCor Technologies’s leverage and assess its financial strength to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself

Simply Wall St -

Was FleetCor Technologies, Inc.'s (NYSE:FLT) Earnings Growth Better Than The Industry's?

(NYSE:FLT) announced its most recent earnings (31 December 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … FLT's trailing twelve-month earnings (from 31 December 2018) of US$811m has. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 22%, indicating the rate at which FLT is growing has slowed down

Simply Wall St -

Do You Like FleetCor Technologies, Inc. (NYSE:FLT) At This P/E Ratio?

We'll show how you can use FleetCor Technologies, Inc.'s (NYSE:FLT) P/E ratio to inform your assessment of the investment opportunity. … FleetCor Technologies has a P/E ratio of 25.35, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Will FleetCor Technologies, Inc.'s (NYSE:FLT) Earnings Grow Over The Next Year?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … After FleetCor Technologies, Inc.'s (NYSE:FLT) earnings announcement on 31 December 2018,

Simply Wall St -

What Are Analysts Saying About FleetCor Technologies, Inc.'s (NYSE:FLT) Earnings Outlook?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … FleetCor Technologies, Inc.'s (NYSE:FLT) most recent earnings update in December 2018a

Simply Wall St -

Is It Too Late To Consider Buying FleetCor Technologies, Inc. (NYSE:FLT)?

As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, what if the stock is still a bargain … Let’s examine FleetCor Technologies’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

Simply Wall St -

Why FleetCor Technologies, Inc.’s (NYSE:FLT) Return On Capital Employed Is Impressive

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Estimating The Fair Value Of FleetCor Technologies, Inc. (NYSE:FLT)

by taking the expected future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

A Holistic Look At FleetCor Technologies, Inc. (NYSE:FLT)

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on FleetCor Technologies, Inc. … (NYSE:FLT) due to its excellent fundamentals in more than one area.

Simply Wall St -

FleetCor Technologies, Inc.'s (NYSE:FLT) Most Important Factor To Consider

I’ve analysed below, the health and outlook of FleetCor Technologies’s cash flow, which will help you understand the stock from a cash standpoint. … FleetCor Technologies generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … The two ways to assess whether FleetCor Technologies’s FCF is sufficient, is to compare the FCF yield to the market index yield, as well as determine whether the top-line operating cash flows will continue to grow

Simply Wall St -

FLT Company Info

Description

FleetCor Technologies, Inc. provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The company offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies. The company also provides lodging payment solutions to businesses that have employees who travel overnight for work purposes. In addition, it offers electronic toll and parking payments products to businesses and consumers in the form of RFID tags affixed to vehicles’ windshields; and prepaid paper vouchers as a means of payment on toll roads. Further, the company provides corporate payments solutions with vertical-specific applications, which enable its customers to manage and control electronic payments across their enterprise, optimize corporate spending, and offer innovative services that enhance employee efficiency and customer loyalty. Its primary corporate payments products include virtual cards, purchasing cards, travel and entertainment cards, payroll cards, and cross-border payment facilitation. Additionally, it offers gift card product management and processing services, such as card design, production and packaging, delivery and fulfillment, card and account management, transaction processing, promotion development and management, Website design and hosting, program analytics, and card distribution channel management. The company also provides vehicle maintenance, employee benefit payment, and long haul transportation-related services. The company markets its products and services through field sales, telesales, direct marketing, point-of-sale marketing, and the Internet. FleetCor Technologies, Inc. was founded in 1986 and is headquartered in Peachtree Corners, Georgia.

Details
Name: FleetCor Technologies, Inc.
FLT
Exchange: NYSE
Founded: 1986
$20,387,940,650
85,858,421
Website: http://www.fleetcor.com
Address: FleetCor Technologies, Inc.
5445 Triangle Parkway,
Suite 400,
Peachtree Corners,
Georgia, 30092,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE FLT Common Stock New York Stock Exchange US USD 15. Dec 2010
DB 07G Common Stock Deutsche Boerse AG DE EUR 15. Dec 2010
LSE 0IPN Common Stock London Stock Exchange GB USD 15. Dec 2010
Number of employees
Current staff
Staff numbers
7,580
FleetCor Technologies employees.
Industry
Data Processing and Outsourced Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 00:14
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/19
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
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.