Fleetcor Technologies is a global provider of fuel cards and workforce payment products to businesses, which enable businesses to better manage and control employee spending and provide card-accepting merchants with a high volume customer base that can increase their sales and customer loyalty. The company was founded in 1986 and is based in Norcross, Georgia.
FLT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for FLT, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Fleetcor Technologies Inc ranked in the 49th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 13.5% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for FLT, they are:
The company has produced more trailing twelve month cash flow than 85.39% of its sector Technology.
Fleetcor Technologies Inc's weighted average cost of capital (WACC) is 8%; for context, that number is higher than only 24.05% of tickers in our DCF set.
FLT's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than only 24.05% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
CTSH, INTC, VCRA, CAMT, and IBM can be thought of as valuation peers to FLT, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.
ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced it has signed a definitive agreement to acquire Associated Foreign Exchange (AFEX), a cross-border payment solutions provider. By acquiring AFEX, FLEETCOR will build upon its corporate payments line of business and strengthen its position as one of the largest business payments companies in the world. The transaction is expected to close in the first quarter of 2021, su
ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT) today announced that the Company will present virtually at the following investor conferences: On Monday, September 14, 2020, the Company will participate in a discussion at the Deutsche Bank 2020 Technology Conference, which will begin at 10:05 AM ET. On Friday, September 18, 2020, the Company will participate in a discussion at the 5th Annual Autonomous Future of Commerce Symposium, which will begin at 11:50 AM ET. Investors an
FleetCor Technologies ([[FLT]] -8.2%) is one of today's biggest losers on the S&P 500 after reporting Q2 adjusted earnings that fell 37% Y/Y to $158M but topped analyst expectations.Q2 revenues dropped 19% Y/Y to $525M, including sales declines of 15% to $250M in FleetCor's fuel card program, 20% to $99M in...
FleetCor Technologies Inc . (NYSE: FLT ) announced Thursday second-quarter net income of $158.5 million, or $1.83 per share, a 37% year-over-year decline compared to 2019. The Atlanta-based commercial fuel-card and business-payment systems provider also posted second-quarter revenue of $525.1 million, a decrease of 19% compared to 2019. Second-quarter revenue fell 18% short of Wall Street expectations of $535.8 million, while its earnings per share of $1.83 beat expectations by 23 cents. The COVID-19 pandemic had a significant impact on results, but the company was "pleased with our ability to manage our operating expenses during the quarter," said FleetCor CEO Ron Clarke. "We're delighted honestly with our Q2 credit loss results, which came in at $21 … Full story available on Benzinga.com