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Wisetech Global
(Sydney:WTC)
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Rating:68Neutral
Price Target:
AU$41.00
â–¼(-9.83% Downside)
Action:Downgraded
Date:10/17/26
The score is driven primarily by strong operating performance and cash generation, supported by generally positive FY'27 guidance (margin expansion and deleveraging targets). Offsetting factors are materially higher leverage from the 2026 debt step-up, a mixed technical setup (below the 200-day with slightly negative MACD), and a relatively expensive valuation (high P/E with low yield).
Positive Factors
Customer Retention and Recurring Revenue
A 95% recurring-revenue mix and attrition below 1% for 14 years indicate durable customer retention and predictable monetization. This supports recurring cash flows, strengthens the CargoWise ecosystem, and provides a stable base for expanding usage and new modules.
Negative Factors
Higher Leverage and Financing Costs
The sharp debt increase has materially weakened the previously conservative balance sheet and raised financing costs. Although management targets further deleveraging, execution and cash generation remain important because leverage reduces flexibility and increases exposure to interest burdens.
Read all positive and negative factors
Positive Factors
Negative Factors
Customer Retention and Recurring Revenue
A 95% recurring-revenue mix and attrition below 1% for 14 years indicate durable customer retention and predictable monetization. This supports recurring cash flows, strengthens the CargoWise ecosystem, and provides a stable base for expanding usage and new modules.
Read all positive factors
Wisetech Global (WTC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.61B
Dividend Yield0.54%
Average Volume (3M)1.85M
Price to Earnings (P/E)52.3
Beta (1Y)1.71
Revenue Growth70.86%
EPS Growth-15.94%
CountryAU
Employees5,500
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.78
Shares Outstanding336,345,250
10 Day Avg. Volume2,170,180
30 Day Avg. Volume1,847,176
Financial Highlights & Ratios
PEG Ratio-3.17
Price to Book (P/B)3.93
Price to Sales (P/S)5.34
P/FCF Ratio19.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$56.09Price Target Upside23.35% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)1.03
Revenue Forecast (FY)AU$1.50B
Wisetech Global Business Overview & Revenue Model
Company Description
WiseTech Global Limited engages in the development and provision of software solutions to the logistics execution industry in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It develops, sells, and implements software solution...
How the Company Makes Money
WiseTech Global primarily makes money by licensing its software—most notably the CargoWise platform—to logistics and supply-chain companies under recurring subscription/SaaS-style arrangements, where customers pay ongoing fees to access and use th...
Wisetech Global Earnings Call Summary
Earnings Call Date:Aug 25, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Feb 23, 2027
Earnings Call Sentiment Positive
The call presented a predominantly positive operational and financial picture: record revenue growth, substantial cost savings and early delivery of e2open synergies, strong cash generation and an accelerated deleveraging path. Management also highlighted meaningful product, AI and commercial progress (high CVP adoption, AI-driven productivity gains, strategic acquisitions and new product launches). Offsetting risks include short-term margin dilution from acquisition mix, higher D&A and interest costs, substantial restructuring and workforce reductions, and customer-dependent timing risk for monetizing AI and VerifyWise which creates a second-half skew in FY '27 guidance. On balance the strengths — large top-line growth, sizable and realized cost synergies, clear cash generation and an actionable roadmap for AI and product monetization — outweigh the execution and timing risks cited.Positive Updates
Record Revenue Growth
Total revenue of $1,395.9 million, up 79% year-over-year, driven by the e2open acquisition and CargoWise growth.
Negative Updates
Statutory Earnings Decline
Statutory NPAT was $178.7 million, down 11% despite underlying NPAT rising 29% to $313.5 million — reflecting M&A, restructuring and divestment adjustments.
Read all updates
Q4-2026 Updates
Positive
Negative
Record Revenue Growth
Total revenue of $1,395.9 million, up 79% year-over-year, driven by the e2open acquisition and CargoWise growth.
Read all positive updates
Company Guidance
For FY'27 management guided total revenue of $1.48–$1.54 billion (growth ~6–10% on FY'26), CargoWise revenue growth of ~12–20% with a 45:55 H1:H2 revenue skew, e2open revenue expected to be flat (includes an extra month of consolidation and an ~$5m headwind from the Expedient divestment), underlying EBITDA of $725–$780 million (growth ~12–21%) implying an underlying EBITDA margin of 49–51% (expansion of ~3–5 percentage points vs FY'26), an exit underlying EBITDA margin around the mid‑ to high‑40s% (FY'26 exit ~47%), an accelerated deleveraging target to ~2.2x net leverage by end FY'27 (2.7x at 30 June 2026) and below 2x in FY'28, initial VerifyWise revenue beginning in FY'27, and continued efficiency delivery with further annualized run‑rate savings and restructuring benefits (management cited additional run‑rate savings figures in the FY'27 period, including references to ~$40m of annualized savings and ~ $10m net cost savings guidance), all subject to customer adoption of CargoWise CVP, agentic AI and new product launches.Wisetech Global Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
55
Neutral
Cash Flow
80
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.06B | 1.18B | 1.04B | 816.80M | 632.20M |
| Gross Profit | 1.40B | 1.02B | 793.24M | 633.10M | 493.70M |
| EBITDA | 955.99M | 635.28M | 500.91M | 395.00M | 321.40M |
| Net Income | 263.72M | 304.94M | 262.80M | 212.20M | 194.70M |
Balance Sheet | |||||
| Total Assets | 7.03B | 3.39B | 2.83B | 2.66B | 1.66B |
| Cash, Cash Equivalents and Short-Term Investments | 537.53M | 255.72M | 123.50M | 95.72M | 483.40M |
| Total Debt | 3.23B | 169.41M | 115.03M | 256.40M | 33.50M |
| Total Liabilities | 4.23B | 805.59M | 613.70M | 764.10M | 348.40M |
| Stockholders Equity | 2.80B | 2.59B | 2.21B | 1.89B | 1.32B |
Cash Flow | |||||
| Free Cash Flow | 567.72M | 522.67M | 250.60M | 241.60M | 201.90M |
| Operating Cash Flow | 583.66M | 557.62M | 448.70M | 383.60M | 304.20M |
| Investing Cash Flow | -3.34B | -369.65M | -240.30M | -882.00M | -105.70M |
| Financing Cash Flow | 3.02B | -56.98M | -225.50M | 173.30M | -34.30M |
Wisetech Global Technical Analysis
Positive
45.47
Price Trends
35.88
Positive
35.87
Positive
40.24
Positive
Market Momentum
1.86
Negative
66.93
Neutral
86.18
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WTC, the sentiment is Positive. The current price of 45.47 is above the 20-day moving average (MA) of 36.47, above the 50-day MA of 35.88, and above the 200-day MA of 40.24, indicating a bullish trend. The MACD of 1.86 indicates Negative momentum. The RSI at 66.93 is Neutral, neither overbought nor oversold. The STOCH value of 86.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WTC.
Wisetech Global Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$17.67M | 5.50 | 28.96% | ― | 4.70% | 6.82% | |
71 Outperform | AU$594.83M | 15.95 | 33.67% | 4.18% | 6.59% | 4.49% | |
70 Outperform | AU$10.39B | 73.79 | 32.19% | 1.20% | 14.48% | 6.31% | |
68 Neutral | AU$13.61B | 52.32 | 9.45% | 0.54% | 70.86% | -15.94% | |
67 Neutral | AU$10.60B | 73.14 | 3.68% | ― | 27.32% | -30.84% | |
65 Neutral | AU$306.79M | 43.71 | 7.33% | ― | 63.33% | 12.84% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
AU:WTC
Wisetech Global
40.81
-27.82
-40.54%
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31.73
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62.10
-82.90
-57.17%
AU:CXZ
Connexion Telematics Limited
0.03
>-0.01
-7.41%
AU:OCL
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6.22
-11.68
-65.25%
Wisetech Global Corporate Events
WiseTech Global Sets Hybrid 2026 AGM for Late November
Oct 12, 2026
WiseTech Global has scheduled its 2026 Annual General Meeting for 27 November 2026 at 10:00 a.m. Sydney time, to be held as a hybrid event at its Sydney headquarters and via an online platform. Shareholders will be able to attend either in person ...
WiseTech formalises 2026 governance disclosures with ASX Appendix 4G
Oct 12, 2026
WiseTech Global has lodged its Appendix 4G with the ASX, detailing how investors can access the company’s corporate governance statement for the year ended 30 June 2026. The statement, approved by the board and current as of 13 October 2026,...
Wisetech Global Seeks ASX Quotation for New Dividend Plan Shares
Oct 8, 2026
Wisetech Global has applied to the Australian Securities Exchange for the quotation of 42,199 new fully paid ordinary shares, issued under a dividend or distribution plan and carrying the ticker WTC. The modest share issue marginally increases the...
Wisetech Global Updates Market on Lapse and Expiry of Share Rights
Oct 2, 2026
Wisetech Global has notified the market of the cessation of certain share rights, formally updating its issued capital through an Appendix 3H filing with the ASX. The announcement details the lapse and expiry of specific WTCAA share rights, reflec...
Wisetech Global Issues 790,220 New Shares on Conversion of Unquoted Securities
Oct 2, 2026
Wisetech Global Limited, an ASX-listed logistics software provider, derives much of its value from cloud-based platforms used by freight forwarders and supply-chain operators worldwide. Its capital framework includes ordinary fully paid shares and...
Wisetech updates dividend notice with revised currency rates
Sep 14, 2026
Wisetech Global Limited has updated its earlier dividend notification for holders of its ordinary fully paid shares, relating to the six-month period ended 30 June 2026. The update, dated 15 September 2026, specifies revised Australian dollar and ...
WiseTech Global appoints Timothy Ebbeck as new director
Sep 1, 2026
WiseTech Global has appointed Timothy Ebbeck as a director, effective 1 September 2026, as disclosed in an initial director’s interest notice lodged with the ASX. The filing shows that Ebbeck holds no relevant interests in WiseTech Global se...
WiseTech appoints seasoned ASX executive Jeff Howard as CFO to support next growth phase
Aug 31, 2026
WiseTech Global has appointed experienced ASX executive Jeff Howard as its new Chief Financial Officer, effective 28 September 2026, following a board-led search and succession process. Howard brings extensive financial leadership, capital markets...
WiseTech Global Discloses Director Share Increase Under Fee Sacrifice Plan
Aug 27, 2026
WiseTech Global has reported a change in director Sandra Hook’s indirect interests in company securities following the conversion of rights under the Non-Executive Director Fee Sacrifice Share Acquisition Plan. Her holdings through Solium No...
Wisetech Global Adds New Shares to ASX Under Employee Incentive Plan
Aug 26, 2026
Wisetech Global Limited has applied for quotation on the ASX of 358 ordinary fully paid shares issued on August 27, 2026. The new securities, which form part of an employee incentive scheme, will be quoted under the company’s existing WTC ti...
WiseTech Global Releases FY26 Results Investor Presentation
Aug 25, 2026
WiseTech Global has released its FY26 results investor presentation for the year ended 30 June 2026, outlining performance in U.S. dollars and providing an investor briefing. The presentation is intended to update shareholders and market participa...
WiseTech Global’s e2open deal and AI push drive record revenue and margin outperformance
Aug 25, 2026
WiseTech Global reported a transformative year in FY26, with total revenue rising 79% to $1.40 billion, largely driven by its acquisition of e2open and solid CargoWise growth. Underlying EBITDA jumped 56% to $644.5 million, underlying NPAT climbed...
Wisetech Global Sets USD 0.088 Interim Dividend for October Payment
Aug 25, 2026
Wisetech Global has declared a six‑month ordinary dividend of USD 0.088 per fully paid share for the period ended 30 June 2026, reinforcing its ongoing capital return program to shareholders. The distribution will be paid on 9 October 2026, ...
WiseTech Global strengthens board with appointment of Tim Ebbeck as ARC chair
Aug 24, 2026
WiseTech Global has appointed veteran technology executive Tim Ebbeck as an independent non‑executive director, effective 1 September 2026, and named him chair of its Audit Risk Committee. Ebbeck will also join the People Remuneration and ...
WiseTech Global Faces ACCC Probe Into Logistics Software Conduct
Aug 19, 2026
WiseTech Global, a major logistics software provider listed on the ASX, has disclosed that the Australian Competition and Consumer Commission executed a search warrant on the company as part of an investigation into alleged contraventions of the C...
WiseTech temporarily departs ASX audit rule as it strengthens board oversight
Aug 6, 2026
WiseTech Global has temporarily consolidated its governance by retaining newly appointed Independent Chair Raelene Murphy as both chair of the board and chair of the Audit Risk Committee, despite this arrangement not meeting ASX Listing Rule 12.7...
Wisetech Global Seeks ASX Quotation for New Share Issue
Aug 3, 2026
Wisetech Global Limited has applied to the ASX for quotation of 193,685 ordinary fully paid shares, issued on 4 August 2026 under its code WTC. The additional securities, linked to a previously announced Appendix 3B transaction, slightly expand th...
WiseTech Global buys FRDM.ai to power new VerifyWise compliance platform
Jul 21, 2026
WiseTech Global has agreed to acquire California-based FRDM.ai, an AI-powered supply chain risk and compliance intelligence platform that maps multi-tier supplier networks and scores human rights and regulatory risks in real time. The deal, valued...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.