| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | 1 | 2 | 4 | 2 | 4 | 2 | 1 |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 0.89 |
—
—
—
|
| 2025 | 0.77 |
—
—
—
—
|
| 2024 | 0.68 |
—
—
—
—
|
| 2023 | 0.56 |
—
—
—
—
|
| 2022 | 0.52 |
—
—
—
—
|
| 2021 | 0.48 |
—
—
—
—
|
| 2020 | 0.40 |
—
—
—
—
|
| 2019 | 0.36 |
—
—
—
—
|
| 2018 | 0.24 |
—
—
—
—
|
| 2017 | 0.24 |
—
—
—
—
|
| 2016 | 0.24 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 579.70 | 559.40 | 294.00 | 135.30 |
| Receivables | 2,735.50 | 2,432.60 | 2,208.50 | 2,942.20 |
| Inventory | 664.60 | 513.50 | 454.20 | 579.30 |
| Other | 446.40 | 382.20 | 457.20 | 482.80 |
| 4,503.80 | 3,959.20 | 3,500.50 | 4,216.00 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 3,097.60 | 2,726.50 | 2,586.90 | 3,252.10 |
| ST’ Debt | 78.80 | 84.00 | 11.90 | 8.70 |
| Other | 128.20 | 91.50 | 52.70 | 64.30 |
| 4,049.70 | 3,437.80 | 3,310.40 | 3,985.20 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 9,685.00 | 13,591.20 | — | — |
—
|
| ’25 | 9,452.50 | 9,043.30 | 9,391.80 | 9,029.00 |
36,916.60
|
| ’24 | 10,951.40 | 10,965.20 | 10,490.90 | 9,760.50 |
42,168.00
|
| ’23 | 12,481.60 | 10,980.70 | 12,245.30 | 12,003.00 |
47,710.60
|
| ’22 | 12,382.00 | 17,122.10 | 15,661.30 | 13,877.70 |
59,043.10
|
| ’21 | 5,957.90 | 7,085.50 | 8,350.90 | 9,942.70 |
31,337.00
|
| ’20 | 8,015.20 | 3,158.30 | 4,482.70 | 4,702.10 |
20,358.30
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (46.40) | (21.30) | — | — |
—
|
| ’25 | 114.40 | 28.20 | 116.10 | 34.20 |
292.90
|
| ’24 | 110.20 | 67.90 | (38.50) | 120.30 |
259.90
|
| ’23 | 143.00 | 43.50 | 80.30 | 4.50 |
271.30
|
| ’22 | (72.00) | 42.80 | 258.50 | (90.80) |
138.50
|
| ’21 | 103.40 | 37.20 | 82.70 | (50.10) |
173.20
|
| ’20 | 9.50 | 235.60 | 245.50 | 113.50 |
604.10
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (60.20) | (35.10) | — | — |
—
|
| ’25 | 99.20 | 13.30 | 102.00 | 12.80 |
227.30
|
| ’24 | 92.70 | 53.30 | (56.70) | 102.40 |
191.70
|
| ’23 | 124.20 | 15.80 | 58.90 | (15.20) |
183.70
|
| ’22 | (88.70) | 21.80 | 240.00 | (113.20) |
59.90
|
| ’21 | 101.40 | 25.00 | 68.60 | (61.00) |
134.00
|
| ’20 | (7.90) | 220.10 | 232.90 | 107.70 |
552.80
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.50 | 0.94 | — | — |
—
|
| ’25 | (0.37) | (6.06) | 0.46 | (5.11) |
(10.99)
|
| ’24 | 0.45 | 1.81 | 0.57 | (1.77) |
1.13
|
| ’23 | 0.36 | 0.48 | 0.58 | (0.58) |
0.86
|
| ’22 | 0.41 | 0.39 | 0.68 | 0.33 |
1.82
|
| ’21 | 0.30 | 0.28 | 0.34 | 0.25 |
1.16
|
| ’20 | 0.63 | (0.16) | 1.29 | (0.06) |
1.71
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.29 | 17.69 | 21.21 | 22.71 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 29.28 | 30.65 | 31.71 | 31.54 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,214 | 5,289 | 4,745 | 4,003 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.32 | 9.02 | 8.89 | 9.22 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 59,043.10 | 47,710.60 | 42,168.00 | 36,916.60 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.84% | 2.22% | 2.43% | 2.57% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 145.10 | 66.70 | 95.50 | (739.70) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.25% | 0.14% | 0.23% | (2.00%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 115.90 | 53.70 | 67.90 | (611.70) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 107.80 | 137.30 | 135.40 | 787.80 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 947.72 | 777.05 | 714.71 | 660.40 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 1.83 | 0.86 | 1.14 | (10.99) | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.22 | 4.42 | 4.41 | 5.24 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.26) | (1.43) | (1.16) | (1.17) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.96 | 2.99 | 3.25 | 4.07 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31.95 | 31.75 | 33.15 | 23.40 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 62.30 | 61.40 | 59.00 | 55.90 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.43 | 27.02 | 25.71 | 0.00 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.03 | 0.03 | 0.04 | 0.04 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.83 | 0.72 | 0.83 | 1.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.03 | 0.04 | 0.05 | 0.05 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31.71 | 9.36 | 10.14 | 7.98 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 138.50 | 271.30 | 259.90 | 292.90 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (78.60) | (87.60) | (68.20) | (65.60) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 59.90 | 183.70 | 191.70 | 227.30 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 629.50 | 454.10 | 521.40 | 190.10 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 845.70 | 887.90 | 880.80 | 697.10 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 245.20 | 308.20 | 321.40 | 403.10 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,990.70 | 1,949.60 | 1,955.90 | 1,307.90 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.62% | 0.68% | 0.96% | (9.76%) | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.63% | 5.48% | 5.78% | (20.63%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.84% | 2.69% | 3.45% | (37.65%) | — | — | — |
ROE
|
World Kinect Corporation (WKC), the rebranded fuel distribution giant, has proven resilient through oil market tempests—from the 2014-2016 crash and 2020 COVID plunge to the 2022 Ukraine war revenue surge to $59 billion. Now navigating normalization, 2024 revenue settled at $42.2 billion amid softening demand, with forecasts pointing to further declines to $35.3 billion by 2027. Yet, in this thin-margin arena, operational efficiency shines: revenue per employee outperforms peers, free cash flow remains positive at $192 million, and ROIC holds at a respectable 5.8%.
The balance sheet stands as a fortress—debt slashed 26% since 2016 to $881 million, net debt minimal, and working capital efficiently compressed—enabling steady FCF generation despite capex moderation. Valuation screams undervaluation: PS ratios at 0.04, PB at 0.8, and EV/Sales at 0.05, far below sector norms, trading near analyst targets with potential 1-23% upside. A lone insider sell by the CEO tempers enthusiasm, signaling possible caution amid cyclical risks.
This cyclical powerhouse, pivoting toward energy management while rooted in core fuels, offers patient investors a value play amid geopolitical volatility and decarbonization headwinds. Fundamentals hint at opportunity, but earnings swings demand vigilance—read the full analysis for the complete historical parallels and forward scenarios.
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