Intrinsic value of FleetCor Technologies - FLT

Previous Close

$198.21

  Intrinsic Value

$311.16

stock screener

  Rating & Target

str. buy

+57%

Previous close

$198.21

 
Intrinsic value

$311.16

 
Up/down potential

+57%

 
Rating

str. buy

We calculate the intrinsic value of FLT stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 17.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  12.50
  11.75
  11.08
  10.47
  9.92
  9.43
  8.99
  8.59
  8.23
  7.91
  7.62
  7.35
  7.12
  6.91
  6.72
  6.54
  6.39
  6.25
  6.13
  6.01
  5.91
  5.82
  5.74
  5.66
  5.60
  5.54
  5.48
  5.44
  5.39
  5.35
Revenue, $m
  2,531
  2,828
  3,141
  3,470
  3,814
  4,174
  4,549
  4,940
  5,346
  5,769
  6,208
  6,665
  7,139
  7,632
  8,145
  8,678
  9,232
  9,809
  10,410
  11,036
  11,689
  12,369
  13,079
  13,820
  14,593
  15,401
  16,246
  17,129
  18,053
  19,019
Variable operating expenses, $m
  585
  567
  547
  526
  505
  482
  459
  434
  409
  382
  -390
  -418
  -448
  -479
  -511
  -545
  -579
  -616
  -653
  -693
  -734
  -776
  -821
  -867
  -916
  -967
  -1,020
  -1,075
  -1,133
  -1,194
Fixed operating expenses, $m
  616
  630
  644
  658
  672
  687
  702
  718
  733
  750
  766
  783
  800
  818
  836
  854
  873
  892
  912
  932
  952
  973
  995
  1,017
  1,039
  1,062
  1,085
  1,109
  1,133
  1,158
Total operating expenses, $m
  1,201
  1,197
  1,191
  1,184
  1,177
  1,169
  1,161
  1,152
  1,142
  1,132
  376
  365
  352
  339
  325
  309
  294
  276
  259
  239
  218
  197
  174
  150
  123
  95
  65
  34
  0
  -36
Operating income, $m
  1,329
  1,632
  1,951
  2,286
  2,637
  3,005
  3,388
  3,788
  4,204
  4,637
  5,832
  6,300
  6,787
  7,293
  7,820
  8,368
  8,939
  9,533
  10,152
  10,797
  11,470
  12,172
  12,905
  13,670
  14,470
  15,306
  16,181
  17,096
  18,053
  19,055
EBITDA, $m
  2,222
  2,542
  2,879
  3,234
  3,605
  3,994
  4,399
  4,822
  5,262
  5,720
  6,196
  6,691
  7,206
  7,741
  8,298
  8,877
  9,480
  10,108
  10,762
  11,444
  12,155
  12,897
  13,672
  14,481
  15,326
  16,209
  17,133
  18,100
  19,111
  20,170
Interest expense (income), $m
  70
  244
  295
  349
  407
  467
  530
  596
  665
  736
  811
  888
  968
  1,052
  1,139
  1,229
  1,323
  1,421
  1,522
  1,628
  1,738
  1,853
  1,972
  2,097
  2,227
  2,363
  2,504
  2,652
  2,807
  2,969
  3,138
Earnings before tax, $m
  1,085
  1,337
  1,601
  1,879
  2,170
  2,475
  2,792
  3,123
  3,468
  3,827
  4,944
  5,332
  5,735
  6,154
  6,591
  7,045
  7,518
  8,010
  8,524
  9,059
  9,617
  10,200
  10,808
  11,444
  12,108
  12,802
  13,528
  14,288
  15,084
  15,917
Tax expense, $m
  293
  361
  432
  507
  586
  668
  754
  843
  936
  1,033
  1,335
  1,440
  1,548
  1,662
  1,780
  1,902
  2,030
  2,163
  2,301
  2,446
  2,597
  2,754
  2,918
  3,090
  3,269
  3,457
  3,653
  3,858
  4,073
  4,298
Net income, $m
  792
  976
  1,169
  1,372
  1,584
  1,807
  2,038
  2,280
  2,532
  2,793
  3,609
  3,892
  4,187
  4,493
  4,811
  5,143
  5,488
  5,848
  6,222
  6,613
  7,021
  7,446
  7,890
  8,354
  8,839
  9,346
  9,876
  10,431
  11,011
  11,619

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  12,717
  14,212
  15,785
  17,438
  19,168
  20,975
  22,860
  24,823
  26,865
  28,989
  31,197
  33,491
  35,875
  38,352
  40,928
  43,607
  46,393
  49,293
  52,312
  55,458
  58,737
  62,155
  65,722
  69,445
  73,333
  77,394
  81,639
  86,077
  90,719
  95,575
Adjusted assets (=assets-cash), $m
  12,717
  14,212
  15,785
  17,438
  19,168
  20,975
  22,860
  24,823
  26,865
  28,989
  31,197
  33,491
  35,875
  38,352
  40,928
  43,607
  46,393
  49,293
  52,312
  55,458
  58,737
  62,155
  65,722
  69,445
  73,333
  77,394
  81,639
  86,077
  90,719
  95,575
Revenue / Adjusted assets
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
Average production assets, $m
  4,198
  4,692
  5,211
  5,757
  6,328
  6,925
  7,547
  8,195
  8,869
  9,571
  10,299
  11,057
  11,844
  12,662
  13,512
  14,396
  15,316
  16,274
  17,270
  18,309
  19,391
  20,520
  21,698
  22,927
  24,210
  25,551
  26,952
  28,418
  29,950
  31,553
Working capital, $m
  -979
  -1,094
  -1,216
  -1,343
  -1,476
  -1,615
  -1,760
  -1,912
  -2,069
  -2,233
  -2,403
  -2,579
  -2,763
  -2,954
  -3,152
  -3,358
  -3,573
  -3,796
  -4,029
  -4,271
  -4,523
  -4,787
  -5,061
  -5,348
  -5,648
  -5,960
  -6,287
  -6,629
  -6,987
  -7,361
Total debt, $m
  5,461
  6,470
  7,532
  8,647
  9,815
  11,035
  12,307
  13,632
  15,011
  16,445
  17,935
  19,483
  21,092
  22,765
  24,503
  26,311
  28,192
  30,149
  32,188
  34,311
  36,524
  38,832
  41,239
  43,752
  46,376
  49,118
  51,983
  54,979
  58,112
  61,390
Total liabilities, $m
  8,584
  9,593
  10,655
  11,771
  12,938
  14,158
  15,430
  16,755
  18,134
  19,568
  21,058
  22,606
  24,215
  25,888
  27,626
  29,434
  31,315
  33,273
  35,311
  37,434
  39,647
  41,955
  44,362
  46,876
  49,500
  52,241
  55,106
  58,102
  61,235
  64,513
Total equity, $m
  4,133
  4,619
  5,130
  5,667
  6,230
  6,817
  7,429
  8,067
  8,731
  9,421
  10,139
  10,885
  11,659
  12,465
  13,302
  14,172
  15,078
  16,020
  17,002
  18,024
  19,089
  20,200
  21,360
  22,570
  23,833
  25,153
  26,533
  27,975
  29,484
  31,062
Total liabilities and equity, $m
  12,717
  14,212
  15,785
  17,438
  19,168
  20,975
  22,859
  24,822
  26,865
  28,989
  31,197
  33,491
  35,874
  38,353
  40,928
  43,606
  46,393
  49,293
  52,313
  55,458
  58,736
  62,155
  65,722
  69,446
  73,333
  77,394
  81,639
  86,077
  90,719
  95,575
Debt-to-equity ratio
  1.320
  1.400
  1.470
  1.530
  1.580
  1.620
  1.660
  1.690
  1.720
  1.750
  1.770
  1.790
  1.810
  1.830
  1.840
  1.860
  1.870
  1.880
  1.890
  1.900
  1.910
  1.920
  1.930
  1.940
  1.950
  1.950
  1.960
  1.970
  1.970
  1.980
Adjusted equity ratio
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  792
  976
  1,169
  1,372
  1,584
  1,807
  2,038
  2,280
  2,532
  2,793
  3,609
  3,892
  4,187
  4,493
  4,811
  5,143
  5,488
  5,848
  6,222
  6,613
  7,021
  7,446
  7,890
  8,354
  8,839
  9,346
  9,876
  10,431
  11,011
  11,619
Depreciation, amort., depletion, $m
  892
  910
  928
  948
  968
  989
  1,011
  1,034
  1,057
  1,082
  364
  391
  419
  447
  477
  509
  541
  575
  610
  647
  685
  725
  767
  810
  855
  903
  952
  1,004
  1,058
  1,115
Funds from operations, $m
  1,685
  1,886
  2,097
  2,319
  2,552
  2,795
  3,049
  3,314
  3,589
  3,876
  3,973
  4,283
  4,605
  4,940
  5,289
  5,652
  6,029
  6,423
  6,833
  7,260
  7,706
  8,171
  8,657
  9,164
  9,694
  10,248
  10,828
  11,435
  12,070
  12,734
Change in working capital, $m
  -109
  -115
  -121
  -127
  -133
  -139
  -145
  -151
  -157
  -164
  -170
  -177
  -184
  -191
  -198
  -206
  -215
  -223
  -233
  -242
  -252
  -263
  -275
  -287
  -299
  -313
  -327
  -342
  -357
  -374
Cash from operations, $m
  1,793
  2,001
  2,218
  2,447
  2,685
  2,935
  3,194
  3,465
  3,747
  4,039
  4,143
  4,459
  4,789
  5,131
  5,487
  5,858
  6,244
  6,646
  7,065
  7,502
  7,958
  8,434
  8,931
  9,451
  9,994
  10,561
  11,155
  11,776
  12,427
  13,108
Maintenance CAPEX, $m
  -132
  -148
  -166
  -184
  -203
  -224
  -245
  -267
  -290
  -313
  -338
  -364
  -391
  -419
  -447
  -477
  -509
  -541
  -575
  -610
  -647
  -685
  -725
  -767
  -810
  -855
  -903
  -952
  -1,004
  -1,058
New CAPEX, $m
  -465
  -493
  -520
  -546
  -571
  -597
  -622
  -648
  -674
  -701
  -729
  -757
  -787
  -818
  -850
  -884
  -920
  -957
  -997
  -1,038
  -1,082
  -1,129
  -1,178
  -1,229
  -1,283
  -1,341
  -1,401
  -1,465
  -1,532
  -1,603
Cash from investing activities, $m
  -597
  -641
  -686
  -730
  -774
  -821
  -867
  -915
  -964
  -1,014
  -1,067
  -1,121
  -1,178
  -1,237
  -1,297
  -1,361
  -1,429
  -1,498
  -1,572
  -1,648
  -1,729
  -1,814
  -1,903
  -1,996
  -2,093
  -2,196
  -2,304
  -2,417
  -2,536
  -2,661
Free cash flow, $m
  1,197
  1,359
  1,533
  1,717
  1,911
  2,114
  2,327
  2,550
  2,783
  3,025
  3,076
  3,338
  3,611
  3,894
  4,189
  4,496
  4,815
  5,147
  5,493
  5,853
  6,229
  6,620
  7,029
  7,455
  7,900
  8,365
  8,851
  9,359
  9,890
  10,447
Issuance/(repayment) of debt, $m
  942
  1,009
  1,062
  1,115
  1,168
  1,220
  1,272
  1,325
  1,379
  1,434
  1,490
  1,549
  1,609
  1,672
  1,739
  1,808
  1,881
  1,957
  2,038
  2,123
  2,213
  2,308
  2,408
  2,513
  2,624
  2,742
  2,865
  2,996
  3,133
  3,278
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  942
  1,009
  1,062
  1,115
  1,168
  1,220
  1,272
  1,325
  1,379
  1,434
  1,490
  1,549
  1,609
  1,672
  1,739
  1,808
  1,881
  1,957
  2,038
  2,123
  2,213
  2,308
  2,408
  2,513
  2,624
  2,742
  2,865
  2,996
  3,133
  3,278
Total cash flow (excl. dividends), $m
  2,139
  2,368
  2,595
  2,832
  3,079
  3,334
  3,600
  3,875
  4,161
  4,458
  4,566
  4,887
  5,220
  5,567
  5,928
  6,304
  6,696
  7,105
  7,531
  7,977
  8,442
  8,928
  9,436
  9,968
  10,524
  11,106
  11,716
  12,355
  13,024
  13,725
Retained Cash Flow (-), $m
  -457
  -486
  -512
  -537
  -562
  -587
  -613
  -638
  -664
  -690
  -717
  -746
  -775
  -805
  -837
  -870
  -906
  -942
  -981
  -1,022
  -1,066
  -1,111
  -1,159
  -1,210
  -1,264
  -1,320
  -1,380
  -1,442
  -1,509
  -1,578
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  1,682
  1,882
  2,084
  2,295
  2,516
  2,747
  2,987
  3,237
  3,497
  3,768
  3,849
  4,141
  4,445
  4,762
  5,091
  5,434
  5,791
  6,162
  6,550
  6,954
  7,376
  7,817
  8,277
  8,758
  9,261
  9,786
  10,336
  10,912
  11,515
  12,146
Discount rate, %
  5.90
  6.20
  6.50
  6.83
  7.17
  7.53
  7.91
  8.30
  8.72
  9.15
  9.61
  10.09
  10.60
  11.13
  11.68
  12.27
  12.88
  13.52
  14.20
  14.91
  15.65
  16.44
  17.26
  18.12
  19.03
  19.98
  20.98
  22.03
  23.13
  24.29
PV of cash for distribution, $m
  1,589
  1,669
  1,725
  1,762
  1,780
  1,777
  1,754
  1,710
  1,648
  1,570
  1,403
  1,306
  1,200
  1,087
  971
  853
  738
  628
  526
  432
  348
  275
  213
  161
  119
  86
  60
  41
  28
  18
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

FleetCor Technologies, Inc. is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities. Its payment programs enable its customers to manage and control their commercial payments, card programs, and employee spending and provide card-accepting merchants with a customer base that can increase their sales and customer loyalty. The Company also provides a suite of fleet related and workforce payment products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments. As of December 31, 2016, its products were used in 53 countries around the world, with its primary geographies in the United States, Brazil and the United Kingdom.

FINANCIAL RATIOS  of  FleetCor Technologies (FLT)

Valuation Ratios
P/E Ratio 40.3
Price to Sales 9.9
Price to Book 5.9
Price to Tangible Book
Price to Cash Flow 25.8
Price to Free Cash Flow 28.1
Growth Rates
Sales Growth Rate 7.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 40.5%
Cap. Spend. - 3 Yr. Gr. Rate 22.9%
Financial Strength
Quick Ratio 0
Current Ratio 0.1
LT Debt to Equity 81.7%
Total Debt to Equity 125.1%
Interest Coverage 10
Management Effectiveness
Return On Assets 5.7%
Ret/ On Assets - 3 Yr. Avg. 5.7%
Return On Total Capital 7.1%
Ret/ On T. Cap. - 3 Yr. Avg. 7.2%
Return On Equity 15.3%
Return On Equity - 3 Yr. Avg. 15.9%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 94.3%
Gross Margin - 3 Yr. Avg. 93.3%
EBITDA Margin 49.7%
EBITDA Margin - 3 Yr. Avg. 50.3%
Operating Margin 41.2%
Oper. Margin - 3 Yr. Avg. 42.1%
Pre-Tax Margin 35.1%
Pre-Tax Margin - 3 Yr. Avg. 36.5%
Net Profit Margin 24.7%
Net Profit Margin - 3 Yr. Avg. 25.6%
Effective Tax Rate 29.7%
Eff/ Tax Rate - 3 Yr. Avg. 30.1%
Payout Ratio 0%

FLT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the FLT stock intrinsic value calculation we used $2249.538 million for the last fiscal year's total revenue generated by FleetCor Technologies. The default revenue input number comes from 0001 income statement of FleetCor Technologies. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our FLT stock valuation model: a) initial revenue growth rate of 12.5% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 5.9%, whose default value for FLT is calculated based on our internal credit rating of FleetCor Technologies, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of FleetCor Technologies.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of FLT stock the variable cost ratio is equal to 26.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $603 million in the base year in the intrinsic value calculation for FLT stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for FleetCor Technologies.

Corporate tax rate of 27% is the nominal tax rate for FleetCor Technologies. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the FLT stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for FLT are equal to 165.9%.

Life of production assets of 28.3 years is the average useful life of capital assets used in FleetCor Technologies operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for FLT is equal to -38.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $3676.522 million for FleetCor Technologies - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 88.389 million for FleetCor Technologies is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of FleetCor Technologies at the current share price and the inputted number of shares is $17.5 billion.

RELATED COMPANIES Price Int.Val. Rating
WEX WEX 161.43 239.37  buy
MA Mastercard 200.71 227.59  hold
GPN Global Payment 109.42 65.07  sell
FIS Fidelity Natio 106.82 71.41  sell
TSS Total System S 89.28 48.69  sell
FDC First Data Cl 18.27 81.00  str.buy
V VISA Cl A 141.84 142.64  hold

COMPANY NEWS

▶ FleetCor Technologies: 3Q Earnings Snapshot   [04:39PM  Associated Press]
▶ FLEETCOR Expands Parking Acceptance Network In Brazil   [Oct-04-18 10:35AM  Business Wire]
▶ Dow Jones Average Leads A Mixed Market; Why Volume Soared Friday   [Sep-21-18 04:25PM  Investor's Business Daily]
▶ These 5 Top Stocks With Accelerating Growth Are Near Buy Points   [Sep-17-18 08:34AM  Investor's Business Daily]
▶ Stocks Cling To Small Gains On Jobs Report; Nvidia Faces Resistance   [Aug-03-18 10:18AM  Investor's Business Daily]
▶ FleetCor Technologies: 2Q Earnings Snapshot   [04:51PM  Associated Press]
▶ Mainstays at the top, several new faces appear on highest-paid executives list   [Jul-02-18 06:00AM  American City Business Journals]
▶ FleetCor Technologies Stock Has Bullish Undercurrent   [Jun-21-18 09:22AM  Investopedia]
▶ FLEETCOR Joins S&P 500   [08:00AM  Business Wire]
▶ IBD Stock Of The Day: Newest S&P 500 Member Blasts Into Buy Range   [Jun-18-18 04:19PM  Investor's Business Daily]
▶ SHAREHOLDER UPDATE: FleetCor Technologies, Inc. FLT   [May-23-18 04:16PM  GlobeNewswire]
▶ Corporate Counsel Awards 2018: Slutsky led busy legal year for Fleetcor   [May-14-18 02:20PM  American City Business Journals]
▶ FLEETCOR to Present at Upcoming Investor Conferences   [May-07-18 08:30AM  Business Wire]
▶ Fleetcor Technologies reports hackers gained access to company's computers   [May-04-18 07:05AM  American City Business Journals]
▶ FleetCor Technologies: 1Q Earnings Snapshot   [06:18PM  Associated Press]
▶ Breakout Watch: This IBD 50 Stock Nears Buy Point With Q1 Earnings Due   [Apr-23-18 09:39AM  Investor's Business Daily]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.