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Highlights
WiseTech Global has received BUY ratings from analysts at Bell Potter.
The company forecasts FY25 revenue of $792m–$858m and EBITDA of $396m–$436m, with margin expansion.
A major acquisition of E2open Parent Holdings Inc. is set to enhance its global logistics capabilities.
WiseTech Global Ltd (ASX:WTC), a prominent software solutions provider for global logistics, continues to garner positive sentiment from market analysts as it moves strategically into the second half of FY25. The company, known for its flagship CargoWise platform, received BUY recommendation from analysts at Bell Potter.
According to recent data, broker has maintain a target price range of AUD 122.50, representing an upside of 14.09% from the current trading price of AUD 109.20 as of the latest update on 17 June 2025.
Financial Performance in 1HFY25
In the first half of FY25, WiseTech reported a revenue increase of 17% year-on-year to USD 381.0 million. This growth was primarily fueled by a 21% rise in revenue from its CargoWise segment, which includes 20% organic growth,. The company also achieved a 28% year-on-year increase in EBITDA, reaching USD 192.3 million, supported by the successful implementation of a cost-efficiency program.
Depreciation and amortization (D&A) expenses declined by 20% year-on-year to USD 42.7 million, a result of ongoing investment in research and development (R&D). Additionally, net finance costs dropped to USD 1.8 million, reflecting reduced borrowings.
FY25 Guidance and Margin Expansion
Looking ahead, WiseTech Global has provided an optimistic outlook for the full financial year. The company expects FY25 revenue to range between AUD 792 million and AUD 858 million, translating to a growth rate of 16% to 26% compared to FY24. EBITDA is forecasted to be in the range of AUD 396 million to AUD 436 million, representing 22% to 34% growth.
EBITDA margins are also projected to expand, with expectations between 50% and 51%, up 2 to 3 percentage points from the previous financial year.
Strategic Acquisition of E2open
In a significant strategic development, WiseTech announced on 26 May 2025 that it has signed a binding agreement to acquire E2open Parent Holdings Inc., a U.S.-based software company. The acquisition, valued at USD 3.30 per share in cash, is fully funded through a newly arranged syndicated debt facility.
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