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WEX Inc Stock Research

WEX

165.85USD-1.15(-0.69%)Market Closed

Market Summary

USD165.85-1.15
Market Closed
-0.69%

WEX Alerts

WEX Stock Price

WEX RSI Chart

WEX Valuation

Market Cap

7.1B

Price/Earnings (Trailing)

48.4

Price/Sales (Trailing)

2.9

EV/EBITDA

11.93

Price/Free Cashflow

9.39

WEX Price/Sales (Trailing)

WEX Profitability

Operating Margin

60.42%

EBT Margin

11.08%

Return on Equity

10.14%

Return on Assets

1.45%

Free Cashflow Yield

10.65%

WEX Fundamentals

WEX Revenue

Revenue (TTM)

2.4B

Revenue Y/Y

18.26%

Revenue Q/Q

-1.07%

WEX Earnings

Earnings (TTM)

146.7M

Earnings Y/Y

-23.16%

Earnings Q/Q

-23.33%

Price Action

52 Week Range

125.00204.06
(Low)(High)

Last 7 days

-2.1%

Last 30 days

-4.7%

Last 90 days

-14.7%

Trailing 12 Months

-2.6%

WEX Financial Health

Current Ratio

1.08

WEX Investor Care

Buy Backs (1Y)

4.68%

Diluted EPS (TTM)

3.31

Peers (Alternatives to WEX)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
347.9B
22.8B
-3.91% 2.15%
36.01
15.25
14.69% 1.79%
193.0B
63.1B
9.48% 3.32%
27.81
3.06
11.38% 8.58%
35.1B
14.5B
-3.74% -47.54%
-2.1
2.42
2.83% -1935.16%
25.6B
9.1B
-5.16% -25.30%
-177.24
2.81
4.85% -114.24%
14.1B
3.6B
14.38% -8.83%
28.87
3.88
3.02% -22.55%
MID-CAP
7.1B
2.4B
-4.72% -2.60%
48.4
2.9
24.92% -27.14%
5.0B
1.5B
-13.98% 6.15%
31.81
3.39
24.65% 32.87%
4.9B
4.8B
-3.87% 25.87%
28.58
1.03
1.73% -31.11%
4.3B
4.4B
4.78% -36.30%
5.54
0.98
-13.15% -16.16%
SMALL-CAP
1.1B
1.3B
16.67% 9.03%
30.77
0.8
4.60% 957.58%
661.9M
3.8B
-15.13% -42.83%
-2.04
0.17
-6.52% -372.27%
529.6M
189.7M
5.46% 14.12%
15.68
2.79
19.22% 13.33%
525.5M
345.7M
-1.51% -2.02%
-70.97
1.52
22.43% 55.73%

Financials for WEX

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue4.0%2,4452,3512,2292,0961,957
  S&GA Expenses1.9%318312308309315
EBITDA4.8%549524638510-
EBITDA Margin-0.6%0.23*0.24*0.30*0.26*-
Earnings Before Taxes-12.5%228261238352313
EBT Margin3.9%0.11*0.11*0.17*0.16*-
Interest Expenses3.6%131126124125-
Net Income-12.3%147167130225201
Net Income Margin22.3%0.07*0.06*0.11*0.10*-
Free Cahsflow77.9%56731840.00115-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets10.4%12,72711,52911,90912,32311,333
  Current Assets18.1%8,0516,8177,1997,4266,338
    Cash Equivalents0.0%922922759439578
  Net PPE3.8%210202187181178
  Goodwill-0.1%2,7262,7292,7032,8732,916
Liabilities11.9%11,0579,88010,27810,5079,407
  Current Liabilities19.2%7,5036,2946,4146,3995,253
    LT Debt, Current-11.0%156176158--
    LT Debt, Non Current4.3%2,6312,5222,6442,7622,774
Shareholder's Equity1.3%1,6711,6501,6311,8161,927
  Retained Earnings4.6%1,5591,4911,4021,4461,412
  Additional Paid-In Capital2.5%951928907881856
Accumulated Depreciation4.2%552530515493478
Shares Outstanding-0.9%43.0043.0044.0045.0045.00
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations28.8%875679424-58.766.00
  Share Based Compensation1.6%99.0098.0091.0085.0081.00
Cashflow From Investing-133.3%-1,672-716-1,654-1,616-1,691
Cashflow From Financing113.6%1,4556811,8721,9911,981
  Buy Backs35.7%38428315081.000.00

Risks for WEX

What is the probability of a big loss on WEX?

84.6%


Probability that WEX stock will be more than 20% underwater in next one year

55.4%


Probability that WEX stock will be more than 30% underwater in next one year.

28.1%


Probability that WEX stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WEX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if WEX was unfortunately bought at previous high price.

Drawdowns

Returns for WEX

Cumulative Returns on WEX

8.4%


10-Year Cumulative Returns

8.6%


7-Year Cumulative Returns

-1.4%


5-Year Cumulative Returns

3.9%


3-Year Cumulative Returns

What are the long-term rolling returns for WEX?

FIve years rolling returns for WEX.

Annualized Returns

Which funds bought or sold WEX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-26
ProShare Advisors LLC
reduced
-8.6
12,552
476,827
-%
2023-05-26
ALTERNA WEALTH MANAGEMENT, INC
sold off
-100
-226,328
-
-%
2023-05-23
Brookfield Corp /ON/
new
-
1,997,780
1,997,780
0.01%
2023-05-23
Toroso Investments, LLC
added
107
452,000
792,000
0.01%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-17.2
-4,275,000
57,152,000
0.02%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-3.4
809,000
10,262,000
0.01%
2023-05-18
JPMORGAN CHASE & CO
added
3.03
33,491,300
245,840,000
0.03%
2023-05-17
Sunbelt Securities, Inc.
new
-
11,451
11,451
-%
2023-05-17
Thrivent Financial for Lutherans
reduced
-13.38
-106,000
3,860,000
0.01%
2023-05-17
HEADINVEST, LLC
new
-
208,715
208,715
0.05%

1–10 of 45

Latest Funds Activity

Are funds buying WEX calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own WEX
No. of Funds

WEX News

MarketBeat
1330 Shares in WEX Inc. (NYSE:WEX) Acquired by Spears Abacus ....
MarketBeat,
14 hours ago
Legacy.com
Digital Journal
Scene for Dummies: Everything Hollywood Undead
Payment Processor Market Analysis and Forecast 2023 to 2030 ....
Scene for Dummies: Everything Hollywood Undead,
6 days ago
Manchestertimes
Streetwise Reports

Schedule 13G FIlings of WEX

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
May 10, 2023
vanguard group inc
10.03%
4,296,919
SC 13G/A
Feb 10, 2023
janus henderson group plc
8.8%
3,827,186
SC 13G/A
Feb 09, 2023
vanguard group inc
9.69%
4,223,755
SC 13G/A
Feb 06, 2023
wellington management group llp
7.87%
3,432,146
SC 13G/A
Jan 25, 2023
blackrock inc.
9.2%
4,003,725
SC 13G/A
Feb 11, 2022
janus henderson group plc
7.6%
3,385,731
SC 13G/A
Feb 11, 2022
morgan stanley
5.4%
2,433,798
SC 13G/A
Feb 04, 2022
wellington management group llp
8.86%
3,969,599
SC 13G/A
Feb 03, 2022
blackrock inc.
9.1%
4,057,826
SC 13G/A
Jan 18, 2022
jpmorgan chase & co
5.2%
2,370,358
SC 13G/A

WEX Fair Value

Show Fair-Value

Recent SEC filings of WEX

View All Filings
Date Filed Form Type Document
May 18, 2023
4
Insider Trading
May 17, 2023
144
Notice of Insider Sale Intent
May 16, 2023
8-K
Current Report
May 15, 2023
4
Insider Trading
May 15, 2023
4
Insider Trading
May 15, 2023
4
Insider Trading
May 15, 2023
4
Insider Trading
May 15, 2023
4
Insider Trading
May 15, 2023
4
Insider Trading
May 15, 2023
4
Insider Trading

Latest Insider Trading transactions for WEX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-17
Kimball Jennifer
acquired
46,824
109
427
chief accounting officer
2023-05-17
Kimball Jennifer
sold
-165,343
176
-939
chief accounting officer
2023-05-12
Altobello Nancy A.
acquired
-
-
1,030
-
2023-05-12
Neary James
acquired
-
-
1,030
-
2023-05-12
Roman Derrick A.
acquired
-
-
1,030
-
2023-05-12
VANWOERKOM JACK
acquired
-
-
1,030
-
2023-05-12
GHOSH SHIKHAR
acquired
-
-
1,030
-
2023-05-12
Smith Stephen Montgomery
acquired
-
-
1,030
-
2023-05-12
SOMMER REGINA O
acquired
-
-
1,030
-
2023-05-12
GROCH JAMES R
acquired
-
-
1,030
-

1–10 of 50

Melissa D. Smith
5600
WEX Inc. provides financial technology services in the United States and internationally. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements. This segment markets its products directly and indirectly to commercial and government vehicle fleet customers with small, medium, and large fleets, as well as with over-the-road and long haul fleets; and indirectly through co-branded and private label relationships. The Travel and Corporate Solutions segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. Its products include virtual cards that are used for transactions where no card is presented. This segment markets its products directly and indirectly to commercial and government organizations. The Health and Employee Benefit Solutions segment offers healthcare payment products and software-as-a-service consumer directed platforms for healthcare market, as well as payroll related and employee benefit products in Brazil. This segment markets its products through health plans, third-party administrators, financial institutions, payroll companies benefits consultants, software providers, and individuals. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is based in Portland, Maine.

WEX Income Statement

2023-03-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues  
Total revenues$ 612.0$ 517.5
Cost of services  
Processing costs145.6132.5
Service fees18.315.8
Provision for credit losses45.425.6
Operating interest12.82.3
Depreciation and amortization25.226.0
Total cost of services247.3202.2
General and administrative88.978.7
Sales and marketing79.973.9
Depreciation and amortization41.640.5
Operating income154.3122.3
Financing interest expense(38.4)(29.7)
Change in fair value of contingent consideration(1.8)(16.6)
Net foreign currency (loss) gain(1.4)5.0
Net unrealized (loss) gain on financial instruments(14.5)49.8
Income before income taxes98.2130.8
Income tax expense30.242.0
Net income68.088.8
Less: Net income from non-controlling interests0.00.3
Net income attributable to WEX Inc.68.088.5
Change in value of redeemable non-controlling interest0.034.2
Net income attributable to shareholders$ 68.0$ 122.8
Net income attributable to shareholders per share:  
Basic (in dollars per share)$ 1.58$ 2.73
Diluted (in dollars per share)$ 1.56$ 2.71
Weighted average common shares outstanding:  
Basic (in shares)43.144.9
Diluted (in shares)43.645.3
Payment processing revenue  
Revenues  
Total revenues$ 288.1$ 239.5
Account servicing revenue  
Revenues  
Total revenues160.7139.9
Finance fee revenue  
Revenues  
Total revenues80.778.6
Other revenue  
Revenues  
Total revenues$ 82.5$ 59.5

WEX Balance Sheet

2023-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Assets  
Cash and cash equivalents$ 921.7$ 922.0
Restricted cash958.7937.8
Accounts receivable, net3,400.13,275.7
Investment securities2,478.51,395.3
Securitized accounts receivable, restricted147.3143.2
Prepaid expenses and other current assets144.9143.3
Total current assets8,051.26,817.1
Property, equipment and capitalized software (net of accumulated depreciation of $552.0 in 2023 and $529.9 in 2022)209.8202.2
Goodwill2,725.92,728.9
Other intangible assets (net of accumulated amortization of $1,216.8 in 2023 and $1,173.2 in 2022)1,438.01,473.6
Investment securities48.848.0
Deferred income taxes, net14.113.4
Other assets239.5246.0
Total assets12,727.311,529.2
Liabilities and Stockholders’ Equity  
Accounts payable1,432.91,365.8
Accrued expenses and other current liabilities713.4643.9
Restricted cash payable958.1937.1
Short-term deposits4,107.83,144.6
Short-term debt, net290.4202.6
Total current liabilities7,502.66,294.1
Long-term debt, net2,631.32,522.2
Long-term deposits338.7334.2
Deferred income taxes, net138.2142.2
Other liabilities446.0587.1
Total liabilities11,056.89,879.7
Stockholders’ Equity  
Common stock $0.01 par value; 175.0 shares authorized; 49.7 shares issued in 2023 and 49.6 in 2022; 42.8 shares outstanding in 2023 and 43.2 in 20220.50.5
Additional paid-in capital950.8928.0
Retained earnings1,558.51,490.5
Accumulated other comprehensive loss(283.3)(306.3)
Treasury stock at cost; 6.9 and 6.3 shares in 2023 and 2022, respectively(556.0)(463.2)
Total stockholders’ equity1,670.51,649.5
Total liabilities and stockholders’ equity$ 12,727.3$ 11,529.2