Wisetech Global Ltd. (AU:WTC)
ASX:WTC
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Wisetech Global
(Sydney:WTC)
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Rating:64Neutral
Price Target:
AU$32.00
â–¼(-30.71% Downside)
Action:Reiterated
Date:06/23/26
The score is supported by strong underlying profitability and cash generation, plus reaffirmed guidance and early synergy progress. It is held back by clear technical weakness (price below all key moving averages and negative MACD) and a demanding valuation (high P/E, low yield), alongside earnings-call risks tied to elevated post-acquisition leverage, margin dilution, and restructuring/customer-migration execution uncertainty.
Positive Factors
High Recurring Revenue
A 99% recurring revenue mix shows a durable SaaS-like cash flow base from CargoWise. This provides predictable revenue, strong customer stickiness and high visibility for investment, supporting long-term R&D, cross-sell and gradual migration to transaction pricing without relying on one-off deals.
Negative Factors
Elevated Post-Acquisition Leverage
Leverage rising to ~3.2x materially increases financial risk compared with historical low leverage. Higher debt amplifies exposure to interest and amortisation, constrains balance-sheet flexibility for M&A or buybacks, and requires sustained cash generation and execution to meet deleverage timelines.
Read all positive and negative factors
Positive Factors
Negative Factors
High Recurring Revenue
A 99% recurring revenue mix shows a durable SaaS-like cash flow base from CargoWise. This provides predictable revenue, strong customer stickiness and high visibility for investment, supporting long-term R&D, cross-sell and gradual migration to transaction pricing without relying on one-off deals.
Read all positive factors
Wisetech Global (WTC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.02B
Dividend Yield0.32%
Average Volume (3M)1.07M
Price to Earnings (P/E)42.4
Beta (1Y)1.30
Revenue Growth47.85%
EPS Growth-17.59%
CountryAU
Employees3,500
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.74
Shares Outstanding336,109,000
10 Day Avg. Volume841,858
30 Day Avg. Volume1,066,077
Financial Highlights & Ratios
PEG Ratio7.20
Price to Book (P/B)14.09
Price to Sales (P/S)30.82
P/FCF Ratio69.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$68.06Price Target Upside47.37% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)0.75
Revenue Forecast (FY)AU$1.41B
Wisetech Global Business Overview & Revenue Model
Company Description
WiseTech Global Limited is a global developer and provider of specialized software platforms tailored for the logistics execution industry. Its flagship offering, CargoWise, is an integrated system engineered to empower logistics service providers...
How the Company Makes Money
WiseTech Global primarily makes money by licensing its logistics software—most notably CargoWise—to enterprise customers in the freight forwarding and logistics industry. Revenue is largely generated from recurring software fees (typically subscri...
Wisetech Global Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 26, 2026
Earnings Call Sentiment Neutral
The call presented a mixture of strong reported growth (largely acquisition-driven), early realization of acquisition synergies, robust cash generation and significant R&D/AI investments. Management emphasized disciplined execution, early achievement of $50m e2open synergies and a deliberate shift to a transaction-based commercial model with AI-enabled productivity upside. Offsetting these positives are near-term margin dilution from the e2open consolidation, higher interest and amortization costs, temporary reductions in cash conversion due to M&A, and a material workforce restructuring (up to ~2,000 roles) that will produce one-off costs and execution risk. There is also uncertainty around the timing of migration of a small cohort of large customers (representing ~30% of CargoWise revenue) to the new pricing model and slower near-term contribution from CTO. Overall, the call balanced clear near-term integration and execution challenges against a strategic narrative of durable long-term benefits from AI, product-led scale and a transaction-aligned commercial model.Positive Updates
Strong Reported Revenue Growth (Acquisition-Driven)
Total revenue of $672 million, up 76% on a reported basis versus 1H FY'25; e2open contributed $249.4 million in the half. Organic total revenue grew 7%.
Negative Updates
Gross Profit Margin Dilution from e2open
Group gross profit margin declined to 79%, down 7 percentage points, driven by e2open's higher proportion of professional services and lower gross margin; excluding e2open, gross profit margin was consistent at 87%.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Reported Revenue Growth (Acquisition-Driven)
Total revenue of $672 million, up 76% on a reported basis versus 1H FY'25; e2open contributed $249.4 million in the half. Organic total revenue grew 7%.
Read all positive updates
Company Guidance
Management reaffirmed FY‑26 guidance (excluding the restructuring announced) and expects stronger H2 performance subject to timing and take‑up of revenue initiatives: CargoWise revenue guidance remains 14–21% for FY‑26 and the H1:H2 SKU is expected to be in line with FY‑25 (e2open revenue included from 4 Aug 2025). They’ve achieved $50m of annualized run‑rate cost synergies early, expect the programme to result in ~2,000 role reductions (including up to 50% cuts in product, development and customer service roles) across FY‑26 into FY‑27 but said FY‑26 impact should be immaterial as execution costs offset savings, and reiterated the plan to return to >50% EBITDA margin (organic EBITDA margin was 51% in H1); balance‑sheet targets are to deleverage from 3.2x (31 Dec 2025) to ~3.0x by end FY‑26, ~2.5x by end FY‑27 and <2x by Aug‑2028.Wisetech Global Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.63B | 1.18B | 1.04B | 816.80M | 632.20M | 507.50M |
| Gross Profit | 1.22B | 1.02B | 793.24M | 633.10M | 493.70M | 381.80M |
| EBITDA | 739.68M | 542.58M | 419.70M | 395.00M | 321.40M | 209.40M |
| Net Income | 247.21M | 304.94M | 262.80M | 212.20M | 194.70M | 108.10M |
Balance Sheet | ||||||
| Total Assets | 7.40B | 3.39B | 2.83B | 2.66B | 1.66B | 1.40B |
| Cash, Cash Equivalents and Short-Term Investments | 537.45M | 255.72M | 123.50M | 95.72M | 483.40M | 315.00M |
| Total Debt | 3.69B | 169.41M | 115.03M | 256.40M | 33.50M | 35.00M |
| Total Liabilities | 4.67B | 805.59M | 613.70M | 764.10M | 348.40M | 293.90M |
| Stockholders Equity | 2.73B | 2.59B | 2.21B | 1.89B | 1.32B | 1.11B |
Cash Flow | ||||||
| Free Cash Flow | 484.92M | 522.67M | 250.60M | 241.60M | 201.90M | 119.70M |
| Operating Cash Flow | 504.99M | 557.62M | 448.70M | 383.60M | 304.20M | 210.50M |
| Investing Cash Flow | -3.59B | -369.65M | -240.30M | -882.00M | -105.70M | -96.50M |
| Financing Cash Flow | 3.46B | -56.98M | -225.50M | 173.30M | -34.30M | -22.00M |
Wisetech Global Technical Analysis
Negative
46.18
Price Trends
40.08
Negative
43.00
Negative
59.59
Negative
Market Momentum
-1.31
Positive
28.92
Positive
16.31
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WTC, the sentiment is Negative. The current price of 46.18 is above the 20-day moving average (MA) of 37.69, above the 50-day MA of 40.08, and below the 200-day MA of 59.59, indicating a bearish trend. The MACD of -1.31 indicates Positive momentum. The RSI at 28.92 is Positive, neither overbought nor oversold. The STOCH value of 16.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WTC.
Wisetech Global Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$16.73M | 5.18 | 23.52% | ― | 12.31% | 23.68% | |
71 Outperform | AU$11.70B | 77.70 | 3.68% | ― | 27.32% | -30.84% | |
68 Neutral | AU$9.77B | 68.86 | 32.19% | 0.83% | 14.48% | 6.31% | |
66 Neutral | AU$979.13M | 34.39 | 25.65% | 1.27% | 6.51% | 15.45% | |
65 Neutral | AU$332.12M | 56.52 | 6.48% | ― | 80.45% | -7.95% | |
64 Neutral | AU$10.02B | 42.38 | 9.30% | 0.32% | 47.85% | -17.59% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
AU:WTC
Wisetech Global
30.08
-75.62
-71.54%
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0.80
0.01
1.27%
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Technology One Limited
29.85
-9.85
-24.81%
AU:XRO
Xero Limited
68.62
-124.84
-64.53%
AU:CXZ
Connexion Telematics Limited
0.02
>-0.01
-4.00%
AU:OCL
Objective Corporation Limited
10.20
-7.38
-41.97%
Wisetech Global Corporate Events
WiseTech rejects media allegations of probe into executive chair
Jun 22, 2026
WiseTech Global, a major logistics and supply chain software provider whose platforms serve tens of thousands of customers worldwide and connect over 500,000 enterprises, continues to expand its reach and functionality through sustained innovation...
Macquarie Group Ceases to Be Substantial Holder in WiseTech Global
Jun 9, 2026
Macquarie Group and its controlled entities have lodged a notice that they have ceased to be a substantial holder in WiseTech Global, indicating their voting power has fallen below the statutory disclosure threshold. The filing, signed by an assis...
Macquarie Group Withdraws as Substantial Holder in WiseTech Global
May 29, 2026
Macquarie Group Limited and a wide range of its controlled entities have lodged a notice that they have ceased to be substantial holders in WiseTech Global, indicating that their collective voting interest has fallen below the substantial holding ...
WiseTech to Outline Growth Strategy at Macquarie Australia Conference
May 4, 2026
WiseTech Global, the logistics software specialist behind the CargoWise platform, will participate in the 2026 Macquarie Australia Conference in Sydney on 5–6 May, where it plans to present reference materials outlining its strategy. The app...
WiseTech Global advances board renewal with leadership transition
Apr 22, 2026
WiseTech Global has announced further changes to its board as part of an ongoing renewal program, confirming that long-serving director and current Lead Independent Director Andrew Harrison intends to retire from the board on 30 June 2026. His dep...
WiseTech to Release 62,276 Acquisition Shares From Escrow
Apr 19, 2026
WiseTech Global has disclosed that 62,276 fully paid ordinary shares, which were originally issued as part of a prior acquisition, will be released from escrow on 2 May 2026. The relatively small share release modestly increases the company’...
WiseTech director Maree Isaacs lifts indirect shareholding and confirms long-term incentives
Apr 19, 2026
WiseTech Global has disclosed a change in the interests of director Maree Isaacs, who has increased her indirect holding in the company through an on-market purchase. The transaction, executed via BNP Paribas Nominees on behalf of The Isaacs Co. P...
WiseTech Global discloses minor increase in director shareholdings
Apr 14, 2026
WiseTech Global has reported a minor change in the shareholdings of director Christopher Charlton and his related parties, covering both direct and indirect interests held personally, jointly with his spouse, and via nominee structures. The transa...
WiseTech Global Seeks ASX Quotation for New Dividend Plan Shares
Apr 9, 2026
WiseTech Global Limited has applied to the ASX for quotation of 16,623 new ordinary fully paid shares, to be traded under the existing ticker WTC. The securities were issued on April 10, 2026 under a dividend or distribution plan, modestly increas...
Wisetech Global Issues 101,318 New Shares on Conversion of Unquoted Securities
Apr 2, 2026
Wisetech Global has notified the market of the issue of 101,318 new ordinary fully paid shares following the conversion or exercise of previously unquoted securities. The shares were issued on 31 March 2026 under an Appendix 3G filing, modestly in...
WiseTech Global Issues Additional Unquoted Employee Share Rights
Apr 2, 2026
WiseTech Global has notified the market of the issue of additional unquoted share rights under its employee incentive scheme. The new rights, designated under the WTCAA code, total 18,749 securities issued across two dates in late January and earl...
WiseTech Global Updates Dividend Reinvestment Plan Pricing for Interim Payout
Mar 24, 2026
WiseTech Global has updated its dividend notification for holders of its fully paid ordinary shares, clarifying details for the interim distribution relating to the six-month period ended 31 December 2025. The company advised that the announcement...
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.