NYSE:FLT

Stock Analysis Report

FleetCor Technologies

Executive Summary

FleetCor Technologies, Inc. provides commercial payment solutions in North America, Latin America, Europe, and Australasia.

Snowflake

Fundamentals

Acceptable track record with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.08%

FLT

0.2%

US IT

-0.2%

US Market


1 Year Return

31.3%

FLT

14.6%

US IT

1.1%

US Market

FLT outperformed the IT industry which returned 15% over the past year.

FLT outperformed the Market in United States of America which returned 1.6% over the past year.


Share holder returns

FLTIndustryMarket
7 Day-0.08%0.2%-0.2%
30 Day-3.0%-1.7%2.5%
90 Day4.6%1.5%1.6%
1 Year31.3%31.3%15.8%14.6%3.4%1.1%
3 Year71.2%71.2%96.6%88.5%45.2%35.8%
5 Year108.3%108.3%146.3%121.5%62.6%44.8%

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

Valuation

Is FleetCor Technologies undervalued based on future cash flows and its price relative to the stock market?

28.46x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

FleetCor Technologies's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

FleetCor Technologies's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

FleetCor Technologies is poor value based on expected growth next year.


Price Based on Value of Assets

FleetCor Technologies is overvalued based on assets compared to the US IT industry average.


Next Steps

Future Growth

How is FleetCor Technologies expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

12.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

FleetCor Technologies's revenue is expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).

FleetCor Technologies's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).

FleetCor Technologies's revenue growth is expected to exceed the United States of America market average.

FleetCor Technologies's earnings growth is positive but not above the United States of America market average.

FleetCor Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

FleetCor Technologies is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has FleetCor Technologies performed over the past 5 years?

22.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 (6.7% vs 22.3%)

FleetCor Technologies's earnings growth has not exceeded the US IT industry average in the past year (6.7% vs 11.2%).


Return on Equity

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.


Return on Assets

FleetCor Technologies used its assets more efficiently than the US IT industry average last year based on Return on Assets.


Return on Capital Employed

FleetCor Technologies has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is FleetCor Technologies's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

FleetCor Technologies's level of debt (119.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (99.6% vs 119.9% today).

Debt is well covered by operating cash flow (25.6%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 7.7x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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.

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

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.


Next Steps

Management

What is the CEO of FleetCor Technologies's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

Ron Clarke (62yo)

19.1yrs

Tenure

US$7,757,388

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

Ron's remuneration is lower than average for companies of similar size in United States of America.

Ron's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.3yrs

Average Tenure

51yo

Average Age

The average tenure for the FleetCor Technologies management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

6.2yrs

Average Tenure

63yo

Average Age

The tenure for the FleetCor Technologies board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Ron Clarke (62yo)

    Chairman

    • Tenure: 19.1yrs
    • Compensation: US$7.76m
  • Eric Dey (59yo)

    CFO & Corporate Secretary

    • Tenure: 16.8yrs
    • Compensation: US$865.50k
  • Sean Bowen (58yo)

    Senior Vice President and General Counsel

    • Tenure: 0yrs
  • H. Smith

    Executive Vice President of Strategic Partnerships

    • Tenure: 0yrs
  • Scott Dufour (50yo)

    Global Chief Information Officer

    • Tenure: 0.6yrs
  • John Coughlin (51yo)

    Group President of Corporate Payments

    • Tenure: 0.08yrs
    • Compensation: US$5.05m
  • Armando Netto (50yo)

    President of Brazil

    • Tenure: 5.3yrs
    • Compensation: US$1.98m
  • Patrick Ducharme

    Managing Director of Canada Region

    • Tenure: 5.3yrs
  • Alexey Gavrilenya (42yo)

    President of North America Fuel Card Business

    • Tenure: 0yrs
    • Compensation: US$5.42m
  • Jim Eglseder

    Head of investor relations

    • Tenure: 1.7yrs

Board Members

  • Steven Stull (60yo)

    Director

    • Tenure: 18.9yrs
    • Compensation: US$259.68k
  • Mike Buckman (71yo)

    Director

    • Tenure: 6.2yrs
    • Compensation: US$259.68k
  • Tom Hagerty (57yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$309.68k
  • Richard Macchia (67yo)

    Director

    • Tenure: 9.2yrs
    • Compensation: US$309.68k
  • Ron Clarke (62yo)

    Chairman

    • Tenure: 19.1yrs
    • Compensation: US$7.76m
  • Mark Johnson (66yo)

    Director

    • Tenure: 16.5yrs
    • Compensation: US$259.68k
  • Hala Moddelmog (63yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: US$259.68k
  • Jeff Sloan (52yo)

    Director

    • Tenure: 6.2yrs
    • Compensation: US$259.68k
  • Joseph Farrelly (75yo)

    Director

    • Tenure: 5.4yrs
    • Compensation: US$309.68k

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$25.269b
  • Shares outstanding: 86.57m
  • Website: https://www.fleetcor.com

Number of Employees


Location

  • FleetCor Technologies, Inc.
  • 5445 Triangle Parkway
  • Suite 400
  • Peachtree Corners
  • Georgia
  • 30092
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FLTNYSE (New York Stock Exchange)YesCommon StockUSUSDDec 2010
07GDB (Deutsche Boerse AG)YesCommon StockDEEURDec 2010
0IPNLSE (London Stock Exchange)YesCommon StockGBUSDDec 2010
FLTC34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REP 0.25 COM USD0.001BRBRLMay 2019

Biography

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 t ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 01:03
End of Day Share Price2019/09/19 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.