FLEETCOR TECHNOLOGIES INC (FLT)
US3390411052 - Common Stock
FLT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 102 industry peers in the Financial Services industry. While FLT has a great profitability rating, there are some minor concerns on its financial health. FLT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
FLT had positive earnings in the past year.
In the past year FLT had a positive cash flow from operations.
FLT had positive earnings in each of the past 5 years.
FLT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FLT has a Return On Assets of 6.48%. This is amongst the best in the industry. FLT outperforms 83.33% of its industry peers.
Looking at the Return On Equity, with a value of 29.91%, FLT belongs to the top of the industry, outperforming 90.20% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 12.35%, FLT belongs to the top of the industry, outperforming 92.16% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FLT is above the industry average of 7.99%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.48% | ||
| ROE | 29.91% | ||
| ROIC | 12.35% |
ROA(3y)6.51%
ROA(5y)6.62%
ROE(3y)32.25%
ROE(5y)28.37%
ROIC(3y)12.38%
ROIC(5y)11.79%
1.3 Margins
FLT has a better Profit Margin (26.13%) than 77.45% of its industry peers.
In the last couple of years the Profit Margin of FLT has declined.
Looking at the Operating Margin, with a value of 44.09%, FLT belongs to the top of the industry, outperforming 85.29% of the companies in the same industry.
FLT's Operating Margin has been stable in the last couple of years.
FLT has a Gross Margin of 78.18%. This is amongst the best in the industry. FLT outperforms 86.27% of its industry peers.
FLT's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.09% | ||
| PM (TTM) | 26.13% | ||
| GM | 78.18% |
OM growth 3Y2.7%
OM growth 5Y-0.33%
PM growth 3Y-3.94%
PM growth 5Y-4.76%
GM growth 3YN/A
GM growth 5Y-4.8%
2. Health
2.1 Basic Checks
FLT has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
FLT has less shares outstanding than it did 1 year ago.
FLT has less shares outstanding than it did 5 years ago.
FLT has a better debt/assets ratio than last year.
2.2 Solvency
FLT has an Altman-Z score of 2.49. This is not the best score and indicates that FLT is in the grey zone with still only limited risk for bankruptcy at the moment.
FLT has a Altman-Z score of 2.49. This is amongst the best in the industry. FLT outperforms 83.33% of its industry peers.
The Debt to FCF ratio of FLT is 4.13, which is a neutral value as it means it would take FLT, 4.13 years of fcf income to pay off all of its debts.
FLT's Debt to FCF ratio of 4.13 is fine compared to the rest of the industry. FLT outperforms 66.67% of its industry peers.
A Debt/Equity ratio of 1.80 is on the high side and indicates that FLT has dependencies on debt financing.
The Debt to Equity ratio of FLT (1.80) is worse than 70.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.8 | ||
| Debt/FCF | 4.13 | ||
| Altman-Z | 2.49 |
ROIC/WACC1.57
WACC7.88%
2.3 Liquidity
FLT has a Current Ratio of 1.04. This is a normal value and indicates that FLT is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.04, FLT perfoms like the industry average, outperforming 43.14% of the companies in the same industry.
A Quick Ratio of 1.04 indicates that FLT should not have too much problems paying its short term obligations.
FLT's Quick ratio of 1.04 is in line compared to the rest of the industry. FLT outperforms 47.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.09% over the past year.
FLT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.95% yearly.
The Revenue has grown by 9.65% in the past year. This is quite good.
FLT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.08% yearly.
EPS 1Y (TTM)5.09%
EPS 3Y15.12%
EPS 5Y9.95%
EPS growth Q2Q9.9%
Revenue 1Y (TTM)9.65%
Revenue growth 3Y16.3%
Revenue growth 5Y9.08%
Revenue growth Q2Q6.08%
3.2 Future
The Earnings Per Share is expected to grow by 15.58% on average over the next years. This is quite good.
FLT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.73% yearly.
EPS Next Y15.77%
EPS Next 2Y16.02%
EPS Next 3Y15.58%
EPS Next 5YN/A
Revenue Next Year7.65%
Revenue Next 2Y8.57%
Revenue Next 3Y8.73%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 17.92, FLT is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of FLT is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.73. FLT is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 15.48, the valuation of FLT can be described as correct.
FLT's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of FLT to the average of the S&P500 Index (20.41), we can say FLT is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.92 | ||
| Fwd PE | 15.48 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FLT is valued a bit cheaper than 69.61% of the companies in the same industry.
FLT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FLT is cheaper than 70.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.4 | ||
| EV/EBITDA | 12.95 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of FLT may justify a higher PE ratio.
FLT's earnings are expected to grow with 15.58% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.14
PEG (5Y)1.8
EPS Next 2Y16.02%
EPS Next 3Y15.58%
5. Dividend
5.1 Amount
FLT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FLEETCOR TECHNOLOGIES INC
NYSE:FLT (3/22/2024, 8:04:00 PM)
After market: 303.26 0 (0%)303.26
-2.54 (-0.83%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap21.90B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.92 | ||
| Fwd PE | 15.48 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.14
PEG (5Y)1.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.48% | ||
| ROE | 29.91% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 44.09% | ||
| PM (TTM) | 26.13% | ||
| GM | 78.18% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.8 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)5.09%
EPS 3Y15.12%
EPS 5Y
EPS growth Q2Q
EPS Next Y15.77%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)9.65%
Revenue growth 3Y16.3%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y