WEX INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 216.6 USD | +0.72% |
|
-6.03% | +11.32% |
| Apr. 25 | WEX, Booking.com Collaborate to Offer Payment Solutions to Travelers | MT |
| Apr. 25 | Wex Retreats After Q1 Results Miss Analyst Estimates; Issues Downside Q2 Outlook | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,067 | 8,982 | 6,292 | 7,134 | 8,315 | 9,075 | - | - |
| Enterprise Value (EV) 1 | 11,192 | 11,157 | 8,554 | 8,937 | 11,207 | 11,342 | 10,862 | 10,319 |
| P/E ratio | 92.7 x | -36.6 x | - | 36.4 x | 31.6 x | 23 x | 17.7 x | 14.6 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 5.26 x | 5.76 x | 3.4 x | 3.04 x | 3.26 x | 3.3 x | 3.08 x | 2.85 x |
| EV / Revenue | 6.49 x | 7.15 x | 4.62 x | 3.8 x | 4.4 x | 4.13 x | 3.68 x | 3.24 x |
| EV / EBITDA | 16.8 x | 65.5 x | 13.9 x | 10.3 x | 13.7 x | 9.69 x | 8.37 x | 7.03 x |
| EV / FCF | 20 x | 14.4 x | 133 x | 11.7 x | 14.6 x | 17.2 x | 14.2 x | 11.8 x |
| FCF Yield | 5.01% | 6.96% | 0.75% | 8.53% | 6.87% | 5.8% | 7.02% | 8.46% |
| Price to Book | 4.71 x | 4.72 x | 3.42 x | 4.29 x | 4.46 x | 3.93 x | 3.08 x | 2.45 x |
| Nbr of stocks (in thousands) | 43,290 | 44,130 | 44,819 | 43,593 | 42,737 | 41,901 | - | - |
| Reference price 2 | 209.5 | 203.5 | 140.4 | 163.6 | 194.6 | 216.6 | 216.6 | 216.6 |
| Announcement Date | 2/13/20 | 2/24/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,724 | 1,560 | 1,851 | 2,351 | 2,548 | 2,747 | 2,950 | 3,187 |
| EBITDA 1 | 664.9 | 170.3 | 614.6 | 870.2 | 818.9 | 1,170 | 1,298 | 1,467 |
| EBIT 1 | 385.8 | -91.67 | 342 | 469.8 | 647.1 | 776.9 | 877.5 | 1,003 |
| Operating Margin | 22.38% | -5.88% | 18.48% | 19.99% | 25.4% | 28.29% | 29.74% | 31.46% |
| Earnings before Tax (EBT) 1 | 216.5 | -301.1 | 203.9 | 260.5 | 368.8 | 529.2 | 690 | 830.2 |
| Net income 1 | 99.01 | -243.6 | 0.137 | 201.4 | 266.6 | 397.6 | 514 | 643.4 |
| Net margin | 5.74% | -15.62% | 0.01% | 8.57% | 10.46% | 14.47% | 17.42% | 20.19% |
| EPS 2 | 2.260 | -5.560 | - | 4.500 | 6.160 | 9.410 | 12.22 | 14.78 |
| Free Cash Flow 1 | 560.3 | 776.5 | 64.36 | 762.1 | 769.7 | 658 | 763 | 873 |
| FCF margin | 32.51% | 49.78% | 3.48% | 32.42% | 30.21% | 23.96% | 25.86% | 27.39% |
| FCF Conversion (EBITDA) | 84.27% | 456.11% | 10.47% | 87.57% | 93.99% | 56.24% | 58.76% | 59.51% |
| FCF Conversion (Net income) | 565.94% | - | 46,975.91% | 378.32% | 288.71% | 165.51% | 148.45% | 135.68% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/13/20 | 2/24/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 497.5 | 517.5 | 598.2 | 616.1 | 618.6 | 612 | 621.3 | 651.4 | 663.3 | 652.7 | 679.4 | 709.1 | 704.8 | 709.5 | 733.3 |
| EBITDA 1 | 178.8 | 188.7 | 236.6 | 223.9 | 220.9 | 252.8 | 273.3 | 314.2 | 204.9 | 278.8 | 284.7 | 315 | 315.6 | 292.2 | 309.1 |
| EBIT 1 | 108.4 | 122.3 | 171.1 | 21.29 | 155.1 | 154.3 | 159.4 | 174.9 | 158.5 | 164.5 | 181.5 | 218 | 214.4 | 202 | 211.3 |
| Operating Margin | 21.78% | 23.63% | 28.61% | 3.46% | 25.08% | 25.21% | 25.66% | 26.85% | 23.9% | 25.2% | 26.72% | 30.74% | 30.42% | 28.47% | 28.81% |
| Earnings before Tax (EBT) 1 | 101.7 | 130.8 | 48.6 | -43.34 | 124.5 | 98.2 | 117.8 | 44.4 | 108.4 | 90 | 119.9 | 160.2 | 158.9 | 151.3 | 166.4 |
| Net income 1 | -11.76 | 122.8 | 34.13 | -44.14 | 88.69 | 68 | 95.3 | 18.4 | 84.9 | 65.8 | 88.46 | 120.2 | 117.6 | 114.1 | 126.2 |
| Net margin | -2.36% | 23.72% | 5.7% | -7.16% | 14.34% | 11.11% | 15.34% | 2.82% | 12.8% | 10.08% | 13.02% | 16.95% | 16.68% | 16.08% | 17.21% |
| EPS 2 | -0.2600 | 2.710 | 0.7600 | -1.000 | 2.020 | 1.560 | 2.200 | 0.4200 | 1.980 | 1.550 | 2.117 | 2.828 | 2.813 | 2.669 | 2.944 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/10/22 | 4/28/22 | 7/28/22 | 10/27/22 | 2/9/23 | 4/27/23 | 7/27/23 | 10/26/23 | 2/8/24 | 4/25/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,124 | 2,175 | 2,262 | 1,803 | 2,893 | 2,268 | 1,787 | 1,244 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.195 x | 12.77 x | 3.681 x | 2.072 x | 3.533 x | 1.938 x | 1.377 x | 0.8479 x |
| Free Cash Flow 1 | 560 | 777 | 64.4 | 762 | 770 | 658 | 763 | 873 |
| ROE (net income / shareholders' equity) | 21.7% | 14% | 22.1% | 35% | 37.2% | 34.7% | 32.7% | 29.8% |
| ROA (Net income/ Total Assets) | 5.34% | 3.26% | 4.48% | 5.6% | 5.08% | 4.79% | 5.18% | 5.99% |
| Assets 1 | 1,853 | -7,474 | 3.059 | 3,600 | 5,245 | 8,301 | 9,924 | 10,742 |
| Book Value Per Share 2 | 44.50 | 43.10 | 41.00 | 38.20 | 43.60 | 55.10 | 70.40 | 88.30 |
| Cash Flow per Share 2 | 15.20 | 19.50 | 3.320 | 15.20 | 21.00 | 19.10 | 24.40 | 32.20 |
| Capex 1 | 103 | 80.5 | 86 | 113 | 144 | 158 | 175 | 193 |
| Capex / Sales | 5.97% | 5.16% | 4.65% | 4.8% | 5.64% | 5.76% | 5.93% | 6.07% |
| Announcement Date | 2/13/20 | 2/24/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
216.6
USD
Average target price
254.1
USD
Spread / Average Target
+17.31%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +11.32% | 9.07B | |
| +17.35% | 91.21B | |
| +7.41% | 69.43B | |
| -3.71% | 46.28B | |
| -1.91% | 31.78B | |
| +7.50% | 21.83B | |
| -16.97% | 11.95B | |
| -9.73% | 10.07B | |
| -25.92% | 7.68B | |
| +303.14% | 5.71B |
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