FleetCor Technologies, Inc.
FLT
pitch
long
Aditi Bhatia ’19, Lisa Chen ’19, Victoria Gu ’19, Aleksandrina Ivanova ’19
Thesis
We anticipate the NTM multiple to re-rate to historical levels after FLT proves consistent new customer wins and unaffected retention rates for the next few quarters. Our valuation assumes a two-year holding period with a target price of $279.46, implying a 34% IRR.
Did it work?
inconclusive
confidence: low
Without specific price performance data or information on customer wins and retention rates, it's unclear whether the thesis has played out. The stated holding period is two years, and since the time elapsed is unknown, we cannot assess the progress towards the target price or the anticipated re-rating of the multiple.
Raw excerpt
No raw excerpt stored.