World Kinect (WKC) AI Stock Analysis

• Market Cap: $1.58B
• Dividend Yield: 2.43%
• Average Volume (3M): 550.47K
• Price to Earnings (P/E): 122.2
• Beta (1Y): 0.93
• Revenue Growth: -11.91%
• EPS Growth: -74.55%
• Country: US
• Employees: 4,745
• Sector: Energy
• Sector Strength: 72
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): 0.48
• Shares Outstanding: 56,627,254
• 10 Day Avg. Volume: 501,691
• 30 Day Avg. Volume: 550,473
• PEG Ratio: 0.26
• Price to Book (P/B): 0.86
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 28.43
• Enterprise Value/Market Cap: 1.42
• Enterprise Value/Revenue: 0.01
• Enterprise Value/Gross Profit: 2.24
• Enterprise Value/Ebitda: 6.91
• 1Y Price Target: $27.00
• Price Target Upside: -3.54% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2

• Rating: 64 Neutral
• Price Target: $29.00 ▲(3.61%Upside)

World Kinect's overall score reflects stable financials and strategic leadership changes, countered by valuation concerns and segment challenges. Technical indicators and high P/E ratio weigh negatively, while strong cash flows and strategic initiatives provide optimism for future improvements.

Positive Factors

Dividend Growth

World Kinect increased its quarterly dividend 21%, from $0.14/sh to $0.17/sh, as the company has posted a 14% dividend CAGR from 2020 to 2023.

Share Repurchase Program

World Kinect Corporation (WKC) added $200 mil to its share repurchase authorization, resulting in a total ~$308 mil potential buyback.

Negative Factors

Financial Performance

Financial results did not meet consensus expectations, impacting the investment outlook.

World Kinect Business Overview & Revenue Model

Company Description

World Kinect Corporation engages in the distribution of fuel and related products and services in the aviation, marine and land transportation industries worldwide. Its Aviation segment supplies fuel and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, charters, fractional operators, private aircraft, the U.S., foreign governments, intergovernmental, and military customers. This segment also offers fuel management, price risk management, ground handling, dispatch services and trip planning services, such as flight planning and scheduling, weather reports and overflight permits. Its Land segment offers fuel, lubricants, heating oil, natural gas, power, and related products and services to retail petroleum operators, as well as industrial, commercial, residential and government customers. This segment also offers energy procurement management, price risk management, and sustainability solutions, such as carbon management and renewable energy solutions; distributes fuel under long-term contracts to branded and unbranded distributors, convenience stores, and retail fuel outlets operated by third parties; and distributes heating oil and unbranded fuel, as well as offers transportation logistics. Its Marine segment markets fuel, lubricants, and related products and services to international container, dry bulk and tanker fleets, commercial cruise lines, yachts and time charter operators, offshore rig owners and operators, the U.S., foreign governments, and other fuel suppliers. Its marine fuel-related services include management services to procure fuel, cost control, quality control, and claims management services. This segment also engages in the fueling of vessels, and transportation and delivery of fuel and fuel-related products. The company was formerly known as World Fuel Services Corporation and changed its name to World Kinect Corporation in June 2023. World Kinect Corporation was incorporated in 1984 and is headquartered in Miami, Florida.

How the Company Makes Money

World Kinect makes money primarily through the sale and distribution of energy products, including fuel and natural gas, to a wide array of industries. The company generates revenue by facilitating energy procurement and offering price risk management services, allowing clients to hedge against price fluctuations. Additionally, World Kinect earns income through its logistics services, including fuel transportation and storage. Strategic partnerships with energy producers and logistics providers further enhance their service offerings, enabling them to deliver comprehensive energy solutions to their customers.

World Kinect Financial Statement Overview

Summary

World Kinect exhibits stable financial health with solid equity and effective cash flow management, though margins and revenue growth face pressure typical of the oil and gas refining industry.

Income Statement

World Kinect's income statement reveals moderate profitability and growth challenges. The TTM gross profit margin stands at approximately 2.47%, indicating a tight margin typical of the refining industry. The TTM net profit margin is a low 0.05%, reflecting constrained profitability. Revenue growth has been volatile; there was a significant decline from 2022 to 2023, with a slight recovery in TTM 2025. EBIT and EBITDA margins illustrate minimal operational efficiency due to industry pressures and high costs.

Balance Sheet

The balance sheet shows a stable financial position with a favorable equity ratio of approximately 29.16% in TTM 2025, indicating a solid equity base. The debt-to-equity ratio is 0.46, signifying manageable leverage. However, there has been a slight increase in total debt over the years. The return on equity is low at 0.98% in TTM 2025, suggesting limited returns to shareholders. Overall, the balance sheet reflects stability with room for improved returns.

Cash Flow

Cash flow analysis highlights a robust operating cash flow to net income ratio of 16.73 in TTM 2025, indicating strong cash generation relative to net earnings. The free cash flow to net income ratio is 12.99, showing efficient cash flow management. Free cash flow growth has been inconsistent, with a notable increase in TTM 2025 compared to previous periods, driven primarily by improved operating cash flow. Despite fluctuations, cash flow stability remains a strength.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
40.67B	42.17B	47.71B	59.04B	31.34B	20.36B
	Gross Profit
1.00B	1.03B	1.06B	1.09B	788.20M	851.80M
	EBIT
140.80M	210.60M	198.00M	273.20M	142.60M	137.90M
	EBITDA
-155.10M	332.40M	306.70M	366.10M	226.80M	295.60M
	Net Income Common Stockholders
18.90M	67.40M	52.90M	114.10M	73.70M	109.60M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
456.40M	382.90M	304.30M	298.40M	652.20M	658.80M
	Total Assets
6.59B	6.73B	7.38B	8.16B	5.94B	4.50B
	Total Debt
879.10M	880.80M	887.90M	845.70M	508.70M	524.70M
	Net Debt
422.70M	497.90M	583.60M	547.30M	-143.50M	-134.10M
	Total Liabilities
4.66B	4.78B	5.43B	6.17B	4.03B	2.59B
	Stockholders Equity
1.92B	1.95B	1.94B	1.98B	1.91B	1.91B
Cash Flow		Free Cash Flow
245.80M	191.70M	183.70M	59.90M	134.00M	552.80M
	Operating Cash Flow
316.00M	259.90M	271.30M	138.50M	173.20M	604.10M
	Investing Cash Flow
75.60M	64.50M	-101.10M	-724.90M	-58.30M	72.80M
	Financing Cash Flow
-198.70M	-230.60M	-152.40M	237.30M	-113.60M	-213.00M

World Kinect Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 27.99
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WKC, the sentiment is Positive. The current price of 27.99 is above the 20-day moving average (MA) of 27.74, above the 50-day MA of 26.16, and above the 200-day MA of 27.81, indicating a bullish trend. The MACD of 0.45 indicates Positive momentum. The RSI at 57.83 is Neutral, neither overbought nor oversold. The STOCH value of 76.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WKC.

World Kinect Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PARR	65 Neutral	$1.26B	3.02	-4.95%	―	-9.25%	-113.66%
WKC	64 Neutral	$1.58B	122.23	0.98%	2.43%	-11.91%	-74.55%
Sector *	58 Neutral	$7.56B	3.50	-4.45%	10.15%	0.79%	-49.51%
CAPL	54 Neutral	$834.72M	27.64	666.62%	9.58%	-6.57%	-50.55%
CVI	51 Neutral	$2.71B	268.82	-27.14%	16.77%	-16.21%	-130.18%
DK	51 Neutral	$1.24B	―	-151.69%	5.00%	-29.23%	-931.43%
PBF	48 Neutral	$2.45B	―	-18.01%	5.19%	-16.30%	-160.78%

World Kinect Corporate Events

World Kinect Approves 2025 Omnibus Plan at Shareholder Meeting

On June 5, 2025, World Kinect Corporation held its Annual Meeting of Shareholders, where the 2025 Omnibus Plan was approved. This plan aims to attract and retain key personnel by offering equity-based and cash-based incentives. The plan replaces previous plans and allows for performance-based awards, with a total of 1,850,000 shares available for grants. Additionally, the shareholders elected directors for the upcoming term, approved executive compensation, and ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2025.

The most recent analyst rating on (WKC) stock is a Hold with a $32.00 price target. To see the full list of analyst forecasts on World Kinect stock, see the WKC Stock Forecast page.

World Kinect Promotes Ira M. Birns to President

On April 25, 2025, World Kinect Corporation announced the promotion of Ira M. Birns to President while retaining his role as Chief Financial Officer, and John P. Rau to Chief Operating Officer. These leadership changes are expected to enhance the company’s operations in the global energy distribution and solutions sector, with both executives continuing to report to Chairman and CEO Michael Kasbar. The appointments reflect the company’s strategic focus on leveraging experienced leadership to navigate the evolving energy market, potentially impacting stakeholders positively by strengthening the company’s industry positioning.

World Kinect Appoints Jeffrey Kottkamp to Board

On April 23, 2025, World Kinect Corporation announced the appointment of Jeffrey M. Kottkamp to its Board of Directors. With a distinguished 40-year career at Deloitte & Touche USA LLP, Kottkamp brings extensive expertise in audit and financial services, which is expected to enhance the company’s strategic capabilities. His appointment is anticipated to strengthen World Kinect’s industry positioning by leveraging his accounting and regulatory knowledge, benefiting stakeholders through improved governance and oversight.