(WKC) World Kinect - Overview
Sector: Energy | Industry: Oil & Gas Refining & Marketing | Exchange: NYSE (USA) | Market Cap: 1.484m USD | Total Return: 12.3% in 12m
Avg Turnover: 22.1M
EPS Trend: 45.7%
Qual. Beats: 1
Rev. Trend: -98.8%
Qual. Beats: 1
Warnings
Interest Coverage Ratio -5.2 is critical
Altman Z'' 0.45 < 1.0 - financial distress zone
Tailwinds
Confidence
World Kinect Corporation (WKC) is a global energy management firm providing fuel procurement, logistics, and sustainability solutions across the aviation, land, and marine sectors. Headquartered in Miami, the company rebranded from World Fuel Services in 2023 to reflect its broadening portfolio, which now includes natural gas and renewable energy services alongside traditional petroleum products.
The business model functions primarily as a high-volume, low-margin intermediary, leveraging a vast logistics network to manage price volatility and supply chain complexity for commercial, industrial, and government clients. In the aviation and marine sectors, fuel often represents the single largest operating expense for carriers, making third-party procurement and risk management services critical to their bottom lines.
For a more detailed look at the companys financial health, consider reviewing the latest valuation metrics on ValueRay.
The companys operations are diversified geographically across the Americas, EMEA, and Asia Pacific. Beyond physical fuel delivery, World Kinect provides ancillary services such as flight planning, ground handling, and carbon offset programs to support the global transition toward sustainable energy sources.
- Global commercial aviation fuel demand volatility impacts core segment revenue
- Fluctuating marine bunker fuel prices drive gross profit margin variability
- Expansion of sustainable aviation fuel portfolio attracts ESG-focused institutional capital
- Interest rate shifts influence financing costs for high-volume physical fuel trading
- Land segment profitability depends on commercial and industrial energy management adoption
| Net Income: -566.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -2.73 > 1.0 |
| NWC/Revenue: 0.51% < 20% (prev 1.20%; Δ -0.69% < -1%) |
| CFO/TA 0.02 > 3% & CFO 132.2m > Net Income -566.6m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (52.0m) vs 12m ago -8.45% < -2% |
| Gross Margin: 1.50% > 18% (prev 0.02%; Δ 148.3% > 0.5%) |
| Asset Turnover: 555.2% > 50% (prev 617.8%; Δ -62.58% > 0%) |
| Interest Coverage Ratio: -5.18 > 6 (EBITDA TTM -473.0m / Interest Expense TTM 109.2m) |
| A: 0.03 (Total Current Assets 4.39b - Total Current Liabilities 4.20b) / Total Assets 6.80b |
| B: 0.19 (Retained Earnings 1.26b / Total Assets 6.80b) |
| C: -0.08 (EBIT TTM -565.6m / Avg Total Assets 6.70b) |
| D: 0.22 (Book Value of Equity 1.20b / Total Liabilities 5.59b) |
| Altman-Z'' = 0.45 = B |
| DSRI: 1.39 (Receivables 2.84b/2.25b, Revenue 37.2b/40.7b) |
| GMI: 1.01 (GM 1.50% / 1.52%) |
| AQI: 0.88 (AQ_t 0.30 / AQ_t-1 0.35) |
| SGI: 0.91 (Revenue 37.2b / 40.7b) |
| TATA: -0.10 (NI -566.6m - CFO 132.2m) / TA 6.80b) |
| Beneish M = -2.94 (Cap -4..+1) = A |
As of May 23, 2026, the stock is trading at USD 28.89 with a total of 600,120 shares traded.
Over the past week, the price has changed by +3.69%,
over one month by +27.26%,
over three months by +18.78% and
over the past year by +12.27%.
World Kinect has received a consensus analysts rating of 2.50. Therefore, it is recommended to sell WKC.
- StrongBuy: 0
- Buy: 1
- Hold: 1
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 29.3 | 1.5% |
P/S = 0.0399
P/B = 1.2326
P/EG = 1.3189
Revenue TTM = 37.2b USD
EBIT TTM = -565.6m USD
EBITDA TTM = -473.0m USD
Long Term Debt = 789.6m USD (from longTermDebt, last quarter)
Short Term Debt = 9.10m USD (from shortTermDebt, last quarter)
Debt = 798.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 647.6m USD (calculated: Debt 798.7m - CCE 151.1m)
Enterprise Value = 2.13b USD (1.48b + Debt 798.7m - CCE 151.1m)
Interest Coverage Ratio = -5.18 (Ebit TTM -565.6m / Interest Expense TTM 109.2m)
EV/FCF = 31.39x (Enterprise Value 2.13b / FCF TTM 67.9m)
FCF Yield = 3.19% (FCF TTM 67.9m / Enterprise Value 2.13b)
FCF Margin = 0.18% (FCF TTM 67.9m / Revenue TTM 37.2b)
Net Margin = -1.52% (Net Income TTM -566.6m / Revenue TTM 37.2b)
Gross Margin = 1.50% ((Revenue TTM 37.2b - Cost of Revenue TTM 36.6b) / Revenue TTM)
Gross Margin QoQ = 1.45% (prev 1.34%)
Tobins Q-Ratio = 0.31 (Enterprise Value 2.13b / Total Assets 6.80b)
Interest Expense / Debt = 13.67% (Interest Expense 109.2m / Debt 798.7m)
Taxrate = 20.50% (6.60m / 32.2m)
NOPAT = -449.7m (EBIT -565.6m * (1 - 20.50%)) [loss with tax shield]
Current Ratio = 1.05 (Total Current Assets 4.39b / Total Current Liabilities 4.20b)
Debt / Equity = 0.66 (Debt 798.7m / totalStockholderEquity, last quarter 1.20b)
Debt / EBITDA = -1.37 (negative EBITDA) (Net Debt 647.6m / EBITDA -473.0m)
Debt / FCF = 9.54 (Net Debt 647.6m / FCF TTM 67.9m)
Total Stockholder Equity = 1.43b (last 4 quarters mean from totalStockholderEquity)
RoA = -8.46% (Net Income -566.6m / Total Assets 6.80b)
RoE = -39.63% (Net Income TTM -566.6m / Total Stockholder Equity 1.43b)
RoCE = -25.48% (EBIT -565.6m / Capital Employed (Equity 1.43b + L.T.Debt 789.6m))
RoIC = -17.53% (negative operating profit) (NOPAT -449.7m / Invested Capital 2.57b)
WACC = 9.32% (E(1.48b)/V(2.28b) * Re(8.48%) + D(798.7m)/V(2.28b) * Rd(13.67%) * (1-Tc(0.20)))
Discount Rate = 8.48% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.11 | Cagr: -6.23%
[DCF] Terminal Value 69.56% ; FCFF base≈139.1m ; Y1≈121.9m ; Y5≈98.5m
[DCF] Fair Price = 13.96 (EV 1.36b - Net Debt 647.6m = Equity 716.8m / Shares 51.4m; r=9.32% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 45.65 | EPS CAGR: 3.00% | SUE: 4.0 | # QB: 1
Revenue Correlation: -98.85 | Revenue CAGR: -12.57% | SUE: 2.11 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.71 | Chg30d=+28.52% | Revisions=+33% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.74 | Chg30d=+3.76% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=2.79 | Chg30d=+28.43% | Revisions=+33% | GrowthEPS=+46.2% | GrowthRev=+10.3%
EPS next Year (2027-12-31): EPS=2.43 | Chg30d=-0.55% | Revisions=+0% | GrowthEPS=-12.9% | GrowthRev=-3.7%
[Analyst] Revisions Ratio: +33%