WiseTech Global Ltd

WTC: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$281.00	Kwklq	Pdzwvvbzl

WiseTech Earnings: Claiming the Mantle of Kingmaker

Roy Van Keulen

Feb 21, 2024

We raise our fair value estimate for narrow-moat WiseTech to AUD 100 per share with the first-half results. The near-term outlook is arguably somewhat weak. Guidance is for revenue at the lower end of the range. However, long-term leading indicators are very strong. Despite rallying to all-time highs with the result, we still think WiseTech is undervalued.

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