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Fleetcor Technologies Inc Stock Research

FLT

200.82USD+1.06(+0.53%)Delayed

Market Summary

USD200.82+1.06
Delayed
0.53%

FLT Stock Price

FLT RSI Chart

FLT Valuation

Market Cap

14.7B

Price/Earnings (Trailing)

15.44

Price/Sales (Trailing)

4.3

EV/EBITDA

9.28

Price/Free Cashflow

24.42

FLT Price/Sales (Trailing)

FLT Profitability

EBT Margin

37.22%

Return on Equity

37.55%

Return on Assets

6.77%

Free Cashflow Yield

4.1%

FLT Fundamentals

FLT Revenue

Revenue (TTM)

3.4B

Revenue Y/Y

10.14%

Revenue Q/Q

-1.05%

FLT Earnings

Earnings (TTM)

954.3M

Earnings Y/Y

0.14%

Earnings Q/Q

-9.47%

Price Action

52 Week Range

161.69265.30
(Low)(High)

Last 7 days

4.6%

Last 30 days

-4.1%

Last 90 days

10.8%

Trailing 12 Months

-17.6%

FLT Financial Health

Current Ratio

1.01

FLT Investor Care

Buy Backs (1Y)

7.00%

Diluted EPS (TTM)

12.42

Peers (Alternatives to Fleetcor Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
MA
339.3B
22.2B
 -0.94% 0.95%
34.17
15.26
 17.76% 14.31%
ACN
171.4B
62.4B
 0.88% -15.46%
24.31
2.75
 16.08% 13.77%
FIS
30.1B
14.5B
 -25.85% -48.21%
-1.8
2.07
 4.69% -4109.59%
GPN
25.9B
9.0B
 -13.61% -26.91%
232.26
2.89
 5.30% -88.45%
AKAM
11.9B
3.6B
 -1.04% -35.21%
22.73
3.29
 4.49% -19.64%
MID-CAP
WEX
7.3B
2.4B
 -10.83% -5.34%
43.59
3.1
 27.02% 23.58%
EXLS
5.1B
1.4B
 -9.92% 11.51%
35.62
3.61
 25.82% 24.58%
MMS
4.6B
4.7B
 -9.59% 2.96%
23.95
0.96
 6.04% -32.08%
WU
4.1B
4.5B
 -19.26% -40.61%
4.45
0.91
 -11.74% 13.01%
SMALL-CAP
MGI
1.0B
1.3B
 -2.77% -0.75%
29.72
0.78
 2.06% 190.24%
CNDT
698.7M
3.9B
 -21.95% -34.69%
-3.84
0.18
 -6.81% -550.00%
CASS
611.3M
182.5M
 -8.73% 20.64%
17.51
3.35
 18.38% 22.02%
IIIV
539.3M
330.0M
 -3.93% -10.67%
-30.16
1.63
 30.19% -260.46%

Financials for Fleetcor Tech

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.4%3,4273,3463,2083,0142,834
  S&GA Expenses1.1%309306303287262
EBITDA-2.9%1,4331,4761,4581,356-
EBITDA Margin-5.2%0.42*0.44*0.45*0.45*-
Earnings Before Taxes-0.4%1,2761,2811,2491,1681,109
EBT Margin-2.8%0.37*0.38*0.39*0.39*-
Interest Expenses-47.1%-164-111-95.57-107-113
Net Income0.0%954954939873839
Net Income Margin-2.3%0.28*0.29*0.29*0.29*-
Free Cahsflow-32.3%603891750884-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-2.7%14,08914,48614,71014,22113,405
  Current Assets-7.3%6,1066,5866,8236,1765,488
    Cash Equivalents8.9%1,4351,3181,4231,2981,520
  Net PPE8.1%295273261254236
  Goodwill2.6%5,2015,0695,0765,1815,079
Liabilities49.7%234157121--
  Current Liabilities-9.0%6,0436,6386,4326,0925,290
    LT Debt, Current17.5%2,4762,1081,9271,518-
Shareholder's Equity14.1%2,5412,2272,6882,9042,867
  Retained Earnings3.2%7,2116,9856,7376,4746,256
  Additional Paid-In Capital1.6%3,0503,0022,9642,9202,879
Shares Outstanding-0.5%73.0074.0076.0077.0079.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-27.2%7551,0368821,0071,197
  Share Based Compensation-5.7%12112911195.0080.00
Cashflow From Investing-1.8%-368-361-653-719-715
Cashflow From Financing-13.0%-311-275108311344
  Buy Backs-23.2%1,4051,8291,7341,6161,356

Risks for FLT

What is the probability of a big loss on FLT?

68.1%

Probability that Fleetcor Tech stock will be more than 20% underwater in next one year

29.2%

Probability that Fleetcor Tech stock will be more than 30% underwater in next one year.

18.5%

Probability that Fleetcor Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FLT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Fleetcor Tech was unfortunately bought at previous high price.

Drawdowns

Returns for FLT

Cumulative Returns on FLT

10.1%

10-Year Cumulative Returns

4.7%

7-Year Cumulative Returns

0.3%

5-Year Cumulative Returns

1.8%

3-Year Cumulative Returns

What are the long-term rolling returns for FLT?

FIve years rolling returns for Fleetcor Tech.

Annualized Returns

Which funds bought or sold FLT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
43.92
251,027
756,027
 0.02%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
0.74
1,532,690
31,987,700
 0.04%
2023-03-06
Rockefeller Capital Management L.P.
added
90.66
75,000
152,000
 -%
2023-03-01
Regal Investment Advisors LLC
added
35.18
83,541
286,541
 0.03%
2023-02-28
Voya Investment Management LLC
reduced
-0.04
348,613
8,616,610
 0.01%
2023-02-24
National Pension Service
added
2.64
944,794
23,942,100
 0.05%
2023-02-24
NATIXIS
added
54.29
526,886
1,396,890
 0.01%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
55,000
1,342,000
 0.01%
2023-02-22
CVA Family Office, LLC
reduced
-88.24
-13,163
1,837
 -%
2023-02-21
Graphene Investments SAS
new
-
2,993,980
2,993,980
 2.03%

1–10 of 48

Latest Funds Activity

Are funds buying FLT calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own FLT
No. of Funds

Fleetcor Tech News

Seeking Alpha

FLEETCOR Stock: This Fintech EV Combo Is Executing Strong ....

Seeking Alpha,
5 months ago

Barron's

22 Undervalued Stocks With Plenty of Upside for '22.

Barron's,
14 months ago

Investor's Business Daily

FleetCor CEO Ron Clarke Turns Winning Career Into A Home Run.

Investor's Business Daily,
3 years ago

Schedule 13G FIlings of Fleetcor Tech

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 17, 2023
clarke ronald
5.4%
4,098,950
SC 13G
Feb 14, 2023
orbis investment management ltd
6.5%
4,743,218
SC 13G
Feb 14, 2023
price t rowe associates inc /md/
2.4%
1,738,769
SC 13G/A
Feb 09, 2023
vanguard group inc
11.10%
8,188,881
SC 13G/A
Feb 06, 2023
wellington management group llp
6.29%
4,641,692
SC 13G/A
Feb 03, 2023
blackrock inc.
7.3%
5,357,207
SC 13G/A
Feb 15, 2022
clarke ronald
5.2%
4,237,431
SC 13G
Feb 14, 2022
price t rowe associates inc /md/
8.4%
6,893,301
SC 13G
Feb 11, 2022
capital international investors
0.7%
535,759
SC 13G/A
Feb 04, 2022
wellington management group llp
5.83%
4,730,660
SC 13G/A

FLT Fair Value

Fleetcor Tech fair value in different scenarios

The table shows the Fair Value estimates for Fleetcor Tech for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

241.12

20.07%

310.08

54.41%

418.47

108.38%

542.97

170.38%

646.73

222.04%
Current Inflation

224.82

11.95%

284.19

41.51%

375.40

86.93%

479.58

138.81%

566.11

181.90%
Very High Inflation

204.72

1.94%

252.93

25.95%

324.64

61.66%

406.06

102.20%

473.41

135.74%

Historical Fleetcor Tech Fair Value Estimates

Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Fleetcor Tech

View All Filings
Date Filed Form Type Document
Mar 24, 2023
4
Insider Trading
Mar 24, 2023
4
Insider Trading
Mar 24, 2023
4
Insider Trading
Mar 24, 2023
4
Insider Trading
Mar 24, 2023
4
Insider Trading
Mar 24, 2023
4
Insider Trading
Mar 24, 2023
4
Insider Trading
Mar 24, 2023
4
Insider Trading
Mar 24, 2023
4
Insider Trading
Mar 20, 2023
8-K
Current Report

Latest Insider Trading transactions for FLT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-25
King Alan
sold (taxes)
-136,905
199
-686
group president, global fleet
2023-01-25
Netto Armando Lins
sold (taxes)
-96,591
199
-484
ceo brazil
2023-01-24
Jones Archie L Jr.
sold (taxes)
-95,194
200
-475
-
2023-01-24
King Alan
acquired
-
-
1,486
group president, global fleet
2023-01-24
Netto Armando Lins
sold (taxes)
-521,667
200
-2,603
ceo brazil
2023-01-24
MACCHIA RICHARD
sold (taxes)
-95,194
200
-475
-
2023-01-24
Netto Armando Lins
acquired
-
-
9,471
ceo brazil
2023-01-24
King Alan
sold (taxes)
-139,886
200
-698
group president, global fleet
2023-01-24
MODDELMOG HALA G
sold (taxes)
-95,194
200
-475
-
2023-01-24
Vickery Alissa B
acquired
-
-
1,109
chief accounting officer

1–10 of 50

About Fleetcor Tech

Ronald F. Clarke
www.fleetcor.com
9700
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 Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international vendors, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyze and manage their corporate spending. The company also provides employee expense management solutions, including fuel solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers; lodging solutions to businesses that have employees who travel overnight for work purposes, as well as to airlines and cruise lines to accommodate traveling crews and stranded passengers; and electronic toll payments solutions to businesses and consumers in the form of radio frequency identification tags affixed to vehicles' windshields. In addition, it offers gift card program management and processing services in plastic and digital forms that include 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. Further, it provides other products consisting of payroll cards, vehicle maintenance service solution, long-haul transportation solution, prepaid food vouchers or cards, and prepaid transportation cards and vouchers. The company serves business, merchant, consumer, and payment network customers in North America, Brazil, and Internationally. The company was founded in 1986 and is headquartered in Atlanta, Georgia.

FLT Income Statement

2022-12-31
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Revenues, net$ 3,427,129$ 2,833,736$ 2,388,855
Expenses:   
Processing764,707559,819596,363
Selling309,082262,118192,732
General and administrative584,135485,830374,678
Depreciation and amortization322,282284,197254,802
Other operating expense (income), net282(784)(1,985)
Operating income1,446,6411,242,556972,265
Investment loss (gain), net1,382(9)(30,008)
Other expense (income), net3,0033,858(10,055)
Interest expense, net164,662113,705129,803
Loss on extinguishment of debt1,93416,1940
Total other expense170,981133,74889,740
Income before income taxes1,275,6601,108,808882,525
Provision for income taxes321,333269,311178,309
Net income$ 954,327$ 839,497$ 704,216
Earnings Per Share [Abstract]   
Basic earnings per share (in dollars per share)$ 12.62$ 10.23$ 8.38
Diluted earnings per share (in dollars per share)$ 12.42$ 9.99$ 8.12
Weighted average shares outstanding:   
Basic (in shares)75,59882,06084,005
Diluted (in shares)76,86284,06186,719

FLT Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 1,435,163$ 1,520,027
Restricted cash854,017730,668
Accounts and other receivables (less allowance for credit losses of $149,846 at December 31, 2022 and $98,719 at December 31, 2021)2,064,7451,793,274
Securitized accounts receivable—restricted for securitization investors1,287,0001,118,000
Prepaid expenses and other current assets465,227326,079
Total current assets6,106,1525,488,048
Property and equipment, net294,692236,294
Goodwill5,201,4355,078,978
Other intangibles, net2,130,9742,335,385
Investments74,28152,016
Other assets281,726213,932
Total assets14,089,26013,404,653
Current liabilities:  
Accounts payable1,568,9421,406,350
Accrued expenses351,936369,054
Customer deposits1,505,0041,788,705
Securitization facility1,287,0001,118,000
Current portion of notes payable and lines of credit1,027,056399,628
Other current liabilities303,517208,614
Total current liabilities6,043,4555,290,351
Notes payable and other obligations, less current portion4,722,8384,460,039
Deferred income taxes527,465566,291
Other noncurrent liabilities254,009221,392
Total noncurrent liabilities5,504,3125,247,722
Commitments and contingencies (Note 15)
Stockholders’ equity:  
Common stock, $0.001 par value; 475,000,000 shares authorized; 127,802,590 shares issued and 73,356,709 shares outstanding at December 31, 2022; and 127,113,023 shares issued and 78,879,551 shares outstanding at December 31, 2021128127
Additional paid-in capital3,049,5702,878,751
Retained earnings7,210,7696,256,442
Accumulated other comprehensive loss(1,509,650)(1,464,616)
Less treasury stock (54,445,881 shares and 48,233,471 shares at December 31, 2022 and 2021, respectively)(6,209,324)(4,804,124)
Total stockholders’ equity2,541,4932,866,580
Total liabilities and stockholders’ equity$ 14,089,260$ 13,404,653