Of all the ASX 100 shares that have reported their latest financials so far this earnings season, one has impressed me more than most.
It's not Commonwealth Bank of Australia (ASX: CBA) or JB Hi-Fi Ltd (ASX: JBH) with their big dividends. Nor Pointsbet Holdings Ltd (ASX: PBH) or Whitehaven Coal Ltd (ASX: WHC) with their revenue growth and production increases respectively.
It's ASX 100 tech share and logistics solutions provider WiseTech Global Ltd (ASX: WTC).
Wisetech has long been a market darling of the ASX 200 and now ASX 100. It has had a bumpy but overall very lucrative rise to mainstream success over the past six or so years. Back at the start of 2018, you could buy Wisetach stock for around $14 each.
But today, those same shares have just broken yet another record high of $122.72 a share. That six or so year gap is worth a whopping 770%.
This ASX 100 share reported its full-year earnings for the 2024 financial year just yesterday. Wednesday's session saw Wisetech stock gain a huge 18.36% as a result, with another 8.5% put on today thus far. So investors clearly liked what they saw. And so did I.
This company revealed that its revenues for the year came in at $1.04 billion, up a staggering 28% year-on-year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) also grew by 28% up to $496 million. That helped push up this ASX 100 share's underlying net profit after tax (NPAT) to $284 million, a 15% year-on-year rise.
ASX 100 share Wisetech aims for the stars
That's all well and good. But it was Wisetech's guidance for the future that most impressed me. The company revealed that it expects to collect revenues of $1.30 billion to $1.35 billion over FY2025, which would be a growth rate of between 20-25%.
The ASX 100 share also guided EBITDA of between $660 million to $700 million for the year, which would equate to a growth rate of between 33-41%.
Wisetech cited a "strengthening" of its "opportunity pipeline across the world's major economies" for its unbridled optimism.
The ASX 100 share identified its newest product range as the engine room of its future growth potential:
Importantly, our three breakthrough product releases CargoWise Next, Container Transport Optimization and ComplianceWise, will present a step change in our product capabilities, growth and value to customers.
As the investing saying goes, 'winners tend to keep on winning'. Wisetech is certainly winning, and that's why I think this ASX 100 share is a compelling buying opportunity today, despite its recent share price explosion.
