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P Pitch Archive Stock pitches across investing competitions
← Winter 2018

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

No price performance data is available and the time elapsed since the pitch is unknown, so the 34% IRR path toward the $279.46 two-year target cannot be assessed. The thesis also depends on interim proof points — consistent new customer wins and unaffected retention rates over the next few quarters — and there is no evidence confirming or refuting those catalysts. Without either the return or the thesis events observable, the outcome cannot be judged.