Stock fact sheet · data as of
World Kinect Corporation (WKC): fair value, margin of safety and Wheel Score
Energy · Oil & Gas Refining & Marketing · United States · Speculative / Distressed
Is WKC undervalued?
World Kinect Corporation (WKC) closed at 36.72 on 16 Oct 2026, 190% above the GLS average fair value of 12.65. 1 of the 1 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
The average is built from just 1 models (DDM) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files WKC under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for WKC
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 12.65 | -66% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -20.63 | -156% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 30.00 | -18% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
World Kinect Corporation scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 4.7/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -30.8%, ROE -47.3%, ROA -10.5% - with debt at 0.54 times equity and negative free cash flow.
The dividend yield is 2.34% at a payout ratio of -24%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Aviation 59%, Land 21%, Marine 20% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | -30.8% |
|---|---|---|---|
| GLS Moat | 4.7 / 10 | ROE | -47.3% |
| Debt / equity | 0.54 | ROA | -10.5% |
| Free-cash-flow yield | -0.9% | Payout ratio | -24% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 45: Weak
With a Wheel Score of 45 World Kinect Corporation sits in the Weak band, capped at 45 because the engine files it as Speculative / Distressed. The parts - Value 0/25, Health 13/20, Moat 7/15, Premium 20/20, Stability 15/20 - show where: Value (0/25) scores lowest.
Implied volatility is 44% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 1,566 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 948k shares a day on a market cap of $1.9B, with a beta of 1.23 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 15 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -190% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 7 / 15 | moat 4.7/10 | |
| Premium | 20 / 20 | implied volatility 44% | |
| Stability | 15 / 20 | 948k shares/day, $1.9B cap, beta 1.23 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
World Kinect Corporation reports earnings on 22 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Refining & Marketing
The 12 companies below are the closest to World Kinect Corporation by market cap within the Oil & Gas Refining & Marketing industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| CAPL CrossAmerica Partners LP | 21.40 | 26.02 | +18% | 64Fair | $817M |
| PARR Par Pacific Holdings, Inc. | 88.67 | 180.79 | +51% | 83Prime | $4.4B |
| DK Delek US Holdings, Inc. | 76.88 | 75.16 | -2% | 63Fair | $4.7B |
| IEP Icahn Enterprises L.P. | 6.64 | 18.90 | +65% | 45Weak | $4.7B |
| CVI CVR Energy, Inc. | 61.68 | 20.30 | -204% | 53Fair | $6.2B |
| SGU Star Group, L.P. | 12.92 | 60.09 | +78% | 76Good | $424M |
| UGP Ultrapar Participações S.A. | 7.84 | 30.42 | +74% | 89Prime | $8.6B |
| APC ARKO Petroleum Corp. Class A Common Stock | 16.06 | 10.77 | -49% | 32No options | $9.6B |
| SUN Sunoco LP | 75.53 | 138.70 | +46% | 73Good | $10.3B |
| CLNE Clean Energy Fuels Corp. | 1.51 | 2.47 | +39% | 45Weak | $333M |
| PBF PBF Energy Inc. | 89.51 | 115.93 | +23% | 78Good | $10.6B |
| FGPR Ferrellgas Partners, L.P. | 21.10 | 136.99 | +85% | 39No options | $240M |
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Start free See the Sunday ScanQuestions about WKC
Is WKC undervalued right now?
No: at 36.72 the stock trades 190% above the GLS average fair value of 12.65 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of WKC and what does it mean?
WKC scores 45 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for WKC?
12.65 per share as of 16 Oct 2026 - the simple average of the 1 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does World Kinect Corporation report earnings next?
The next earnings report is due on 22 Oct 2026 (after the close), 6 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does WKC have listed options, and how liquid are they?
Yes. The nightly snapshot found 102 listed contracts with 1,566 open interest across all expiries and implied volatility of 44% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.