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Undervalued
Morningstar Quantitative Rating as of 4 NOV 2026.
Quantitative Equity Rating Methodology – view here
Five-star price 54.10 Fair value 73.49 One-star price 99.83
Morningstar Quantitative Rating as of 4 NOV 2026.
Morningstar Quantitative Rating as of 4 NOV 2026. The slider runs from the five-star price (54.10) to the one-star price (99.83).
| Ratios |
|---|
| Currency (Price/reporting): AUD/USD |
| Exchange Rate: 1.4284 |
| Price - closing or last bid | 44.84 |
| Price - 12 month high | 76.29 |
| Price - 12 month low | 28.76 |
| Pricing date | 4 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 1.63 |
| Market capitalization | 15,081.72 |
| 12 Month High price date | 4 DEC 2025 |
| 12 Month Low price date | 23 JUN 2026 |
| Volume - avg. trading volume for the last 3 months | 1.78 |
| Price - 1 Day % Change | 7.48% |
| Price - 13 week price percent change | 18.44% |
| Price - 26 week price percent change | 3.13% |
| Price - 5 Day % Change | 9.23% |
| Price - 52 week price percent change | -34.55% |
| Price - YTD price percent change | -34.50% |
| Price % Change Month To Date | 34.13% |
| EPS excluding extraordinary items - most recent fiscal year | 0.532 |
| EPS excluding extraordinary items - trailing 12 month | 0.532 |
| EPS Normalized - most recent fiscal year | 0.933 |
| Revenue/share - most recent fiscal year | 4.156 |
| Revenue/share - trailing 12 month | 4.156 |
| Book value per share - most recent fiscal year | 5.779 |
| Book value per share - most recent half-year | 5.779 |
| Book value (tangible) per share - most recent fiscal year | -6.299 |
| Book value (tangible) per share - most recent half-year | -6.299 |
| Cash per share - most recent fiscal year | 1.022 |
| Cash per share - most recent half-year | 1.022 |
| Cash Flow per share - most recent fiscal year | 1.160 |
| Cash Flow per share - trailing 12 month | 1.160 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.220 |
| EBITD per share - trailing 12 month | 0.779 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 0.536 |
| EPS Basic excluding extraordinary items - trailing 12 month | 0.536 |
| EPS including extraordinary items - most recent fiscal year | 0.536 |
| EPS including extraordinary items - trailing 12 month | 0.536 |
| Free Cash Flow per share - trailing 12 month | 0.703 |
| P/E excluding extraordinary items, most recent fiscal year | 57.10 |
| P/E Normalized, most recent fiscal year | 32.55 |
| Price to sales - most recent fiscal year | 7.31 |
| Price to Tangible Book - most fiscal year | — |
| Price to Free Cash Flow per Share - most recent fiscal year | 43.18 |
| Price to Cash Flow per share - trailing 12 month | 26.19 |
| Price to Book - most recent fiscal year | 5.34 |
| P/E excluding extraordinary items high, trailing 12 months | 79.81 |
| P/E excluding extraordinary items low, trailing 12 months | 38.21 |
| Net Debt, LFI | 2,061.20 |
| Net Debt, LFY | 1,895.90 |
| Dividend Yield - 5 Year Average | 0.20% |
| Dividend Yield - indicated annual dividend divided by closing price | 0.53% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 0.49% |
| Free Cash Flow - most recent fiscal year | 236.30 |
| LT debt/equity - most recent fiscal year | 114.58% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 115.29% |
| LT debt/equity - most recent half-year | 132.10% |
| Total debt/total equity - most recent half-year | 132.95% |
| Free Cash Flow - trailing 12 month | 236.30 |
| Payout ratio - trailing 12 month | — |
| Revenue - most recent fiscal year | 1,395.90 |
| Revenue - trailing 12 month | 1,395.90 |
| EBITD - most recent fiscal year | 261.70 |
| EBITD - trailing 12 month | 261.70 |
| Earnings before taxes - most recent fiscal year | 221.60 |
| Earnings before taxes - trailing 12 month | 221.60 |
| Net Income available to common - most recent fiscal year | 178.70 |
| Net Income available to common - trailing 12 months | 178.70 |
| Earnings before taxes Normalized - most recent fiscal year | 307.80 |
| Net Income Available to Common, Normalized - most recent fiscal year | 313.50 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 0.93 |
| Net Profit Margin % - 1st historical fiscal year | 12.80% |
| Net Profit Margin % - trailing 12 month | 12.80% |
| Operating margin - 1st historical fiscal year | 25.37% |
| Operating margin - trailing 12 month | 25.37% |
| Pretax margin - trailing 12 month | 15.88% |
| Pretax margin - 1st historical fiscal year | 15.88% |
| Operating Margin - 5 year average | 35.98% |
| Pretax Margin - 5 year average | 32.96% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 25.09% |
| Free Operating Cash Flow/Revenue, TTM | 16.93% |
| Net Profit Margin - 5 year average | 24.11% |
| Return on average assets - most recent fiscal year | 4.45% |
| Return on average assets - trailing 12 month | 4.45% |
| Return on average equity - most recent fiscal year | 9.81% |
| Return on average equity - trailing 12 month | 9.81% |
| Return on average assets - 5 year average | 9.54% |
| Return on average equity - 5 year average | 13.07% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
| Revenue growth rate, 5 year | 29.83% |
| EPS growth rate, 5 year | 16.54% |
| Growth rate% - dividend, 3 year | 16.44% |
| Revenue/share (5 yr growth) | 28.98% |
| Growth rate% - Revenue, 3 year | 36.47% |
| Growth rate% - EPS, 3 year | 7.00% |
| Book value per share growth rate, 5 year | 18.76% |
| Capital Spending growth rate, 5 year | 17.76% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | 10.81% |
Financial forecast (AUD, millions except per share)
| Actuals | Estimates | |||||||
| 2026 | 2027 | 2028 | 2029 | |||||
| Estimate breakdown | ||||||||
Financials (USD, millions)
| Period end: | JUN 22 | JUN 23 | JUN 24 | JUN 25 | JUN 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
WTC -10.07%: Produced strong headline earnings growth in FY26, with underlying NPAT up 29% and EBITDA up 46%, but the market focused on a softer-than-expected CargoWise performance and FY27 revenue growth guidance of just 6–10%.
WiseTech Global (WTC) founder and major shareholder Richard White has been one of the market’s most prolific insider sellers this year. White has remained in steady sell-down mode throughout 2026, although the disposals are consistent with his behaviour in prior years and he still owns more than 34% of the company.
WTC -18.44: The hits keep coming for WiseTech, with another Richard White-related governance issue pushing the stock to a five-year low. While WTC has not released an announcement, the market reacted sharply to media reports that the AFP is investigating White over allegations relating to a woman’s immigration status and a visa application.
WiseTech was once widely regarded as one of Australia’s highest-quality software businesses, providing mission-critical logistics software through its flagship CargoWise platform, which helps global supply-chain operators manage the movement of goods across international trade networks.
We were stopped out of XRO for a profit last week as the software space came under renewed selling after Anthropic launched Claude Managed Agents and Meta unveiled a new AI model. These chapters of AI news will undoubtedly keep coming but our view is the rerating across the software sector has run its course and the next ~20-25% move at least for WTC is on the upside after US peers made fresh 2025 lows on Friday night - initially we are looking to buy a new low in WTC but this may change during the week.
We remain keen buyers of weakness in global software stocks into new 2026 lows, at this stage we’ve selected WTC for a Trade, although note we have lowered our entry slightly after Richard White & Co garnered further negative press over the last 48 hours.
We believe the risk/reward for WTC will be attractive ~$40, with an initial target of in excess of $50.
WTC has bounced more than 10% over the last 5 days, even after yesterday’s weakness in the stock and sector. The sell-off in WTC hasn’t entirely been down to the “AI Disruption” and valuation compression but they have been the main contributors.
We liked WTC’s pro-active actions around AI last week and CEO Zubin Appo’s purchase of ~$1mn worth of stock. Assuming this logistics stock spikes down on the Middle East tensions we like the risk/reward around $42 but this level maybe tweaked during the week.
MM remains long and bullish WTC
MM is cautiously bullish towards WTC around $33
MM remains cautiously bullish WTC
MM is long and bullish towards WTC around $39
Trade Idea: Buy WiseTech Global Ltd (ASX:WTC) at $35.25 with stops at $33.20 – 6% risk.
Trade Idea: Buy WiseTech Global (WTC) at $39.50 with stops at $36.80, around 7% risk
Trade Idea: Buy WiseTech Global (WTC) at $40 with stops at $36.80, around 8% risk
Trade Idea: Buy WiseTech Global (WTC) at $40 with stops at $36.80, around 8% risk
MM is long and bullish WTC
Trade Idea: Buy WiseTech Global Ltd (WTC) at $42 stops at $38.50, around 8% risk
WiseTech is a founder-led, global leader in logistics software for international freight forwarding. WiseTech's core product, CargoWise, is used by the majority of the top 25 global freight forwarders and has world-leading annual customer retention rates of over 99%. CargoWise's main competition consists of in-house software solutions and analogue processes, providing a large and highly winnable market opportunity for WiseTech's current and future products.
PULSE CHECK WEBINAR: Portfolio positioning towards FY26
FY26 is shaping up as a year where strategic portfolio positioning will matter more than ever. Hear from James Gerrish & Shawn Hickman as they detail MM's current views.
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