WORLD FUEL SERVICES CORP (INT) Stock Fundamental Analysis
NYSE:INT - New York Stock Exchange, Inc. - US9814751064 - Common Stock - Currency: USD
Taking everything into account, INT scores 4 out of 10 in our fundamental rating. INT was compared to 213 industry peers in the Oil, Gas & Consumable Fuels industry. The financial health of INT is average, but there are quite some concerns on its profitability. INT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year INT was profitable.
INT had a positive operating cash flow in the past year.
In the past 5 years INT has always been profitable.
Of the past 5 years INT 4 years had a positive operating cash flow.
1.2 Ratios
INT's Return On Assets of 1.48% is on the low side compared to the rest of the industry. INT is outperformed by 75.34% of its industry peers.
INT's Return On Equity of 5.51% is on the low side compared to the rest of the industry. INT is outperformed by 72.20% of its industry peers.
INT's Return On Invested Capital of 6.85% is on the low side compared to the rest of the industry. INT is outperformed by 65.47% of its industry peers.
INT had an Average Return On Invested Capital over the past 3 years of 4.95%. This is significantly below the industry average of 23.54%.
The 3 year average ROIC (4.95%) for INT is below the current ROIC(6.85%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.48% | ||
| ROE | 5.51% | ||
| ROIC | 6.85% |
ROA(3y)1.69%
ROA(5y)2.06%
ROE(3y)5.12%
ROE(5y)6.38%
ROIC(3y)4.95%
ROIC(5y)6.27%
1.3 Margins
INT has a worse Profit Margin (0.19%) than 81.17% of its industry peers.
In the last couple of years the Profit Margin of INT has declined.
With a Operating Margin value of 0.50%, INT is not doing good in the industry: 83.41% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of INT has declined.
With a Gross Margin value of 1.89%, INT is not doing good in the industry: 82.96% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of INT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.5% | ||
| PM (TTM) | 0.19% | ||
| GM | 1.89% |
OM growth 3Y-18.97%
OM growth 5Y-4.68%
PM growth 3Y-26.47%
PM growth 5YN/A
GM growth 3Y-15.16%
GM growth 5Y-7.78%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), INT is destroying value.
Compared to 1 year ago, INT has more shares outstanding
The debt/assets ratio for INT is higher compared to a year ago.
2.2 Solvency
INT has an Altman-Z score of 8.64. This indicates that INT is financially healthy and has little risk of bankruptcy at the moment.
INT has a Altman-Z score of 8.64. This is amongst the best in the industry. INT outperforms 92.83% of its industry peers.
INT has a debt to FCF ratio of 2.66. This is a good value and a sign of high solvency as INT would need 2.66 years to pay back of all of its debts.
INT has a Debt to FCF ratio (2.66) which is comparable to the rest of the industry.
INT has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
INT's Debt to Equity ratio of 0.35 is in line compared to the rest of the industry. INT outperforms 58.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 2.66 | ||
| Altman-Z | 8.64 |
ROIC/WACC0.61
WACC11.17%
2.3 Liquidity
INT has a Current Ratio of 1.11. This is a normal value and indicates that INT is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of INT (1.11) is comparable to the rest of the industry.
INT has a Quick Ratio of 1.11. This is a bad value and indicates that INT is not financially healthy enough and could expect problems in meeting its short term obligations.
INT has a Quick ratio (0.96) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.96 |
3. Growth
3.1 Past
INT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 36.55%, which is quite impressive.
The Earnings Per Share has been growing slightly by 1.97% on average over the past years.
Looking at the last year, INT shows a very strong growth in Revenue. The Revenue has grown by 56.62%.
Measured over the past years, INT shows a quite strong growth in Revenue. The Revenue has been growing by 11.87% on average per year.
EPS 1Y (TTM)36.55%
EPS 3Y-10.86%
EPS 5Y1.97%
EPS Q2Q%-14.29%
Revenue 1Y (TTM)56.62%
Revenue growth 3Y17.05%
Revenue growth 5Y11.87%
Sales Q2Q%0.8%
3.2 Future
INT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.22% yearly.
The Revenue is expected to decrease by -4.18% on average over the next years.
EPS Next Y6.94%
EPS Next 2Y11.7%
EPS Next 3Y14.22%
EPS Next 5YN/A
Revenue Next Year-11.76%
Revenue Next 2Y-9.14%
Revenue Next 3Y-4.18%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
INT is valuated correctly with a Price/Earnings ratio of 12.25.
65.47% of the companies in the same industry are cheaper than INT, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of INT to the average of the S&P500 Index (26.34), we can say INT is valued rather cheaply.
A Price/Forward Earnings ratio of 9.53 indicates a reasonable valuation of INT.
INT's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.03, INT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.25 | ||
| Fwd PE | 9.53 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as INT.
INT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. INT is cheaper than 65.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.53 | ||
| EV/EBITDA | 5.01 |
4.3 Compensation for Growth
INT's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
INT's earnings are expected to grow with 14.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.77
PEG (5Y)6.21
EPS Next 2Y11.7%
EPS Next 3Y14.22%
5. Dividend
5.1 Amount
INT has a Yearly Dividend Yield of 2.47%. Purely for dividend investing, there may be better candidates out there.
INT's Dividend Yield is comparable with the industry average which is at 6.42.
INT's Dividend Yield is comparable with the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.47% |
5.2 History
The dividend of INT is nicely growing with an annual growth rate of 17.57%!
INT has been paying a dividend for at least 10 years, so it has a reliable track record.
INT has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)17.57%
Div Incr Years4
Div Non Decr Years12
5.3 Sustainability
INT pays out 29.11% of its income as dividend. This is a sustainable payout ratio.
The dividend of INT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP29.11%
EPS Next 2Y11.7%
EPS Next 3Y14.22%
24.26
+0.17 (+0.71%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners102.17%
Inst Owner Change1.58%
Ins Owners0.72%
Ins Owner Change0%
Market Cap1.51B
Analysts86.67
Price Target32.64 (34.54%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.47% |
Yearly Dividend0.52
Dividend Growth(5Y)17.57%
DP29.11%
Div Incr Years4
Div Non Decr Years12
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.61%
Min EPS beat(2)1.84%
Max EPS beat(2)11.39%
EPS beat(4)4
Avg EPS beat(4)14.21%
Min EPS beat(4)1.84%
Max EPS beat(4)39.98%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-3.7%
Min Revenue beat(2)-4.44%
Max Revenue beat(2)-2.95%
Revenue beat(4)1
Avg Revenue beat(4)7.67%
Min Revenue beat(4)-4.44%
Max Revenue beat(4)40.22%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-8.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.33%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.72%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.25 | ||
| Fwd PE | 9.53 | ||
| P/S | 0.03 | ||
| P/FCF | 5.53 | ||
| P/OCF | 4.26 | ||
| P/B | 0.75 | ||
| P/tB | 3.37 | ||
| EV/EBITDA | 5.01 |
EPS(TTM)1.98
EY8.16%
EPS(NY)2.55
Fwd EY10.49%
FCF(TTM)4.39
FCFY18.1%
OCF(TTM)5.69
OCFY23.45%
SpS951.93
BVpS32.32
TBVpS7.19
PEG (NY)1.77
PEG (5Y)6.21
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.48% | ||
| ROE | 5.51% | ||
| ROCE | N/A | ||
| ROIC | 6.85% | ||
| ROICexc | 7.33% | ||
| ROICexgc | 14.69% | ||
| OM | 0.5% | ||
| PM (TTM) | 0.19% | ||
| GM | 1.89% | ||
| FCFM | N/A |
ROA(3y)1.69%
ROA(5y)2.06%
ROE(3y)5.12%
ROE(5y)6.38%
ROIC(3y)4.95%
ROIC(5y)6.27%
ROICexc(3y)6.02%
ROICexc(5y)7.17%
ROICexgc(3y)17.52%
ROICexgc(5y)18.31%
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-15.77%
ROICexcg growth 5Y-0.75%
ROICexc growth 3Y-11.53%
ROICexc growth 5Y1.11%
OM growth 3Y-18.97%
OM growth 5Y-4.68%
PM growth 3Y-26.47%
PM growth 5YN/A
GM growth 3Y-15.16%
GM growth 5Y-7.78%
F-Score7
Asset Turnover7.9
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 2.66 | ||
| Debt/EBITDA | 1.8 | ||
| Cap/Depr | 75.85% | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 246.66% | ||
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.96 | ||
| Altman-Z | 8.64 |
F-Score7
WACC11.17%
ROIC/WACC0.61
Cap/Depr(3y)60.37%
Cap/Depr(5y)72.47%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)245.58%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)36.55%
EPS 3Y-10.86%
EPS 5Y1.97%
EPS Q2Q%-14.29%
EPS Next Y6.94%
EPS Next 2Y11.7%
EPS Next 3Y14.22%
EPS Next 5YN/A
Revenue 1Y (TTM)56.62%
Revenue growth 3Y17.05%
Revenue growth 5Y11.87%
Sales Q2Q%0.8%
Revenue Next Year-11.76%
Revenue Next 2Y-9.14%
Revenue Next 3Y-4.18%
Revenue Next 5YN/A
EBIT growth 1Y90.55%
EBIT growth 3Y-5.16%
EBIT growth 5Y6.63%
EBIT Next Year40.91%
EBIT Next 3Y17.3%
EBIT Next 5YN/A
FCF growth 1Y-58.8%
FCF growth 3Y-26.01%
FCF growth 5YN/A
OCF growth 1Y-49.36%
OCF growth 3Y-15.41%
OCF growth 5YN/A