Wisetech Global Ltd. (AU:WTC)
ASX:WTC
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Wisetech Global
(Sydney:WTC)
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Rating:62Neutral
Price Target:
AU$47.00
â–˛(1.78% Upside)
Action:ReiteratedDate:03/26/26
The score is supported by strong underlying financial performance (profitability and cash generation) and a balanced but generally constructive earnings update (reaffirmed guidance and early synergies). It is pulled down by weak technicals (below key moving averages with negative MACD) and stretched valuation (high P/E with low yield), alongside near-term integration, leverage, and restructuring execution risks.
Positive Factors
Very high recurring revenue
A 99% recurring revenue base creates durable, predictable cash flows that support multi-year investments, lowers revenue volatility, and amplifies the value of land‑and‑expand motions. This underpins long-term subscription profitability and retention-driven growth.
Negative Factors
Elevated post‑deal leverage
Higher leverage from the e2open acquisition increases financing costs and reduces financial flexibility over the medium term. Multi-year deleveraging is guided, but elevated net debt constrains capacity for opportunistic M&A or aggressive buybacks while amortization and interest remain elevated.
Read all positive and negative factors
Positive Factors
Negative Factors
Very high recurring revenue
A 99% recurring revenue base creates durable, predictable cash flows that support multi-year investments, lowers revenue volatility, and amplifies the value of land‑and‑expand motions. This underpins long-term subscription profitability and retention-driven growth.
Read all positive factors
Wisetech Global (WTC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$14.81B
Dividend Yield0.32%
Average Volume (3M)1.07M
Price to Earnings (P/E)54.9
Beta (1Y)1.43
Revenue Growth47.85%
EPS Growth-17.59%
CountryAU
Employees3,500
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.48
Shares Outstanding336,109,000
10 Day Avg. Volume841,858
30 Day Avg. Volume1,066,077
Financial Highlights & Ratios
PEG Ratio7.27
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$75.85Price Target Upside64.25% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)0.76
Revenue Forecast (FY)AU$1.42B
Wisetech Global Business Overview & Revenue Model
Company Description
WiseTech Global Limited provides software solutions to the logistics execution industry worldwide. The company offers CargoWise, a software platform for logistics service providers that enables execution of complex logistics transactions and manag...
How the Company Makes Money
WiseTech primarily makes money by licensing its logistics software and providing ongoing access to its cloud platform and updates, with revenue largely driven by CargoWise. The core revenue stream is recurring software revenue from customers who s...
Wisetech Global Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 25, 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
Neutral
46.18
Price Trends
44.43
Positive
55.48
Negative
75.95
Negative
Market Momentum
-0.95
Negative
58.03
Neutral
81.46
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WTC, the sentiment is Neutral. The current price of 46.18 is above the 20-day moving average (MA) of 39.90, above the 50-day MA of 44.43, and below the 200-day MA of 75.95, indicating a neutral trend. The MACD of -0.95 indicates Negative momentum. The RSI at 58.03 is Neutral, neither overbought nor oversold. The STOCH value of 81.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | 4.48 | 23.52% | ― | 12.31% | 23.68% | |
70 Outperform | AU$13.90B | 51.29 | 9.08% | ― | 19.01% | 19.05% | |
68 Neutral | AU$9.52B | 91.29 | 31.77% | 0.83% | 18.16% | 16.25% | |
66 Neutral | AU$1.14B | 21.16 | 25.65% | 1.27% | 6.51% | 15.45% | |
62 Neutral | AU$14.81B | 54.90 | 9.30% | 0.32% | 47.85% | -17.59% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | AU$359.11M | 31.56 | 6.48% | ― | 80.45% | -7.95% |
* Technology Sector Average
AU:WTC
Wisetech Global
44.44
-41.79
-48.47%
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-48.90%
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Connexion Telematics Limited
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Wisetech Global Corporate Events
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...
Wisetech Global Updates FX Rates on Interim Dividend for 2025 Half-Year
Mar 16, 2026
Wisetech Global Limited has updated its earlier dividend notification for the six‑month period ended 31 December 2025, relating to its ordinary fully paid shares. The company’s latest filing advises revised Australian dollar and New Ze...
WiseTech Global to Release 84,313 Escrowed Shares Linked to Prior Acquisition
Mar 9, 2026
WiseTech Global said that 84,313 fully paid ordinary shares, originally issued as part of a prior acquisition, will be released from escrow at 8:30 a.m. on 1 April 2026. The relatively small escrow release reflects ongoing integration of acquired ...
WiseTech Global Issues 691 New Ordinary Shares Through Option Conversion
Mar 9, 2026
WiseTech Global has reported the conversion of unquoted options or other unquoted convertible securities into 691 fully paid ordinary shares, effective 6 March 2026. The small-scale issuance, disclosed via an Appendix 3G filing, reflects routine e...
WiseTech Global Seeks ASX Quotation for Additional Ordinary Shares
Feb 27, 2026
WiseTech Global has applied for quotation on the ASX of 8,310 new ordinary fully paid shares under code WTC, with an issue date of 27 February 2026. The modest-sized issuance, arising from a previously flagged transaction, marginally increases the...
WiseTech CEO lifts stake with AUD $1 million on‑market share purchase
Feb 27, 2026
WiseTech Global has disclosed that CEO Zubin Appoo purchased 20,020 WiseTech shares on‑market via a discretionary trust for about AUD $1 million, following the end of the company’s latest trading blackout period. The transaction, due t...
WiseTech Director Increases Shareholding Under Fee Sacrifice Plan
Feb 26, 2026
WiseTech Global has disclosed a change in non-executive director Sandra Hook’s interests in the company’s securities, following the allocation of shares under its Non-Executive Director Fee Sacrifice Share Acquisition Plan. The update,...
Wisetech Global seeks ASX quotation for new employee incentive shares
Feb 25, 2026
Wisetech Global Limited has applied for quotation on the ASX of 357 new ordinary fully paid shares issued under its employee incentive scheme, with the securities carrying no transfer restrictions. The modest size of the issue suggests it is a rou...
WiseTech Global releases 1H26 results as it deepens global logistics software reach
Feb 25, 2026
WiseTech Global, a major logistics and supply chain software provider best known for its CargoWise platform, has built a significant global footprint, including 46 of the top 50 global third-party logistics providers and 23 of the 25 largest freig...
WiseTech lifts revenue 76% and doubles down on AI-driven overhaul
Feb 25, 2026
WiseTech Global reported a 76% jump in first-half FY26 revenue to $672 million, boosted by the consolidation of U.S. supply-chain software group e2open and continued double-digit growth in its core CargoWise platform. EBITDA rose 31% to $252.1 mil...
WiseTech Global Declares Interim USD 0.068 Dividend
Feb 25, 2026
WiseTech Global has declared a USD 0.068 per share ordinary dividend for holders of its fully paid ordinary shares, relating to the six-month period ended 31 December 2025. The dividend will trade ex on 13 March 2026, with a record date of 16 Marc...
WiseTech revenue surges but profit and NTA pressured by acquisitions
Feb 25, 2026
WiseTech Global reported its half-year results to 31 December 2025, showing a 76% jump in revenue to USD 672 million but a 36% fall in statutory net profit after tax to USD 68.1 million, with underlying net profit edging up 2% to USD 114.5 million...
Wisetech Global Issues 542 New Ordinary Shares After Option Conversion
Feb 19, 2026
Wisetech Global has notified the market of the issue of 542 ordinary fully paid shares following the conversion or exercise of previously unquoted equity securities. The small-scale issuance, dated 13 February 2026, reflects routine equity adminis...
WiseTech Global Issues 2,801 Unquoted Share Rights Under Employee Incentive Scheme
Feb 2, 2026
WiseTech Global Limited has notified the market of the issue of 2,801 unquoted share rights under its employee incentive scheme, effective 2 February 2026. The new rights, which are not intended to be quoted on the ASX, form part of the company...
WiseTech Global Seeks ASX Quotation for 47,221 New Ordinary Shares
Feb 2, 2026
WiseTech Global Limited has applied to the ASX for quotation of 47,221 new fully paid ordinary shares under code WTC, with an issue date of 3 February 2026. The additional securities, issued as part of previously announced transactions, represent ...
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.