WiseTech Global shares slump as valuation debate intensifies

WiseTech Global Ltd (ASX:WTC) shares have fallen sharply, down about 48.9% since the start of 2025 and trading around $34.71, close to its 52‑week low of $28.76 and far below its former high of $120.84. The company's flagship CargoWise platform, used by most of the world’s largest freight forwarders, underpins its logistics‑software business and drives revenue growth of roughly 27% per year, reaching $1.042 billion in FY24 with net profit rising to $263 million and a return on equity of 12.8%.

Analysts note several risks: governance concerns linked to founder Richard White, the ongoing migration of customers to a broader commercial model, integration challenges from recent acquisitions, and competition from artificial‑intelligence‑driven providers. While the stock appears cheap on forward earnings multiples—around 36.7× for FY26—volatility may persist.

A parallel note references CSL Ltd (ASX:CSL), whose shares sit near their 52‑week high, highlighting the contrast between the growth‑oriented WiseTech and the mature, dividend‑paying biotech firm.