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WEX

WEX - WEX Inc Stock Price, Fair Value and News

230.08USD+0.18 (+0.08%)Delayed as of 19 Apr 2024, 11:04 am ET

Market Summary

WEX
USD230.08+0.18
Delayedas of 19 Apr 2024, 11:04 am
0.08%

WEX Stock Price

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WEX RSI Chart

WEX Valuation

Market Cap

9.6B

Price/Earnings (Trailing)

35.99

Price/Sales (Trailing)

3.77

EV/EBITDA

14.52

Price/Free Cashflow

12.55

WEX Price/Sales (Trailing)

WEX Profitability

Operating Margin

61.80%

EBT Margin

14.47%

Return on Equity

14.64%

Return on Assets

1.92%

Free Cashflow Yield

7.97%

WEX Fundamentals

WEX Revenue

Revenue (TTM)

2.5B

Rev. Growth (Yr)

7.22%

Rev. Growth (Qtr)

1.83%

WEX Earnings

Earnings (TTM)

266.6M

Earnings Growth (Yr)

-4.28%

Earnings Growth (Qtr)

361.41%

Breaking Down WEX Revenue

52 Week Range

162.03231.78
(Low)(High)

Last 7 days

-4.2%

Last 30 days

-2.0%

Last 90 days

14.1%

Trailing 12 Months

23.0%

How does WEX drawdown profile look like?

WEX Financial Health

Current Ratio

1.05

Debt/Equity

1.55

Debt/Cashflow

0.32

WEX Investor Care

Buy Backs (1Y)

3.24%

Diluted EPS (TTM)

6.16

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20232.4B2.5B2.5B2.5B
20222.0B2.1B2.2B2.4B
20211.5B1.7B1.8B1.9B
20201.8B1.7B1.6B1.6B
20191.5B1.6B1.7B1.7B
20181.3B1.4B1.4B1.5B
20171.1B1.2B1.2B1.2B
2016858.3M878.6M940.3M1.0B
2015837.9M849.9M853.9M854.6M
2014734.2M757.5M788.1M817.6M
2013648.4M673.6M704.2M717.5M
2012573.1M584.9M594.0M623.2M
2011426.6M476.5M528.1M553.1M
2010330.6M344.1M358.5M390.4M
20090363.8M339.5M315.2M
2008000388.2M
GRUFITY'S FAIR VALUE MODEL

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PurpleZone


Returns of $10,000 invested in:

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks
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Tracking the Latest Insider Buys and Sells of WEX Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Apr 04, 2024
groch james r
acquired
-
-
89.00
-
Apr 04, 2024
callahan don
acquired
-
-
110
-
Mar 19, 2024
narula jagtar
sold
-72,071
233
-309
chief financial officer
Mar 15, 2024
tinto melanie j
sold (taxes)
-637,982
233
-2,727
chief human resources officer
Mar 15, 2024
narula jagtar
sold (taxes)
-705,125
233
-3,014
chief financial officer
Mar 15, 2024
kimball jennifer
acquired
-
-
2,864
chief accounting officer
Mar 15, 2024
trickett sara
acquired
-
-
1,323
svp, acting general counsel
Mar 15, 2024
smith melissa d
sold (taxes)
-4,077,980
233
-17,431
chair, ceo, and president
Mar 15, 2024
narula jagtar
acquired
-
-
7,092
chief financial officer
Mar 15, 2024
deshaies robert joseph
acquired
-
-
10,944
coo, americas

1–10 of 50

Which funds bought or sold WEX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 17, 2024
Portside Wealth Group, LLC
reduced
-0.03
125,178
692,875
0.13%
Apr 17, 2024
NEW MEXICO EDUCATIONAL RETIREMENT BOARD
added
3.37
-89,000
1,642,000
0.06%
Apr 17, 2024
Hennion & Walsh Asset Management, Inc.
reduced
-2.7
43,330
273,872
0.01%
Apr 16, 2024
Financial Management Professionals, Inc.
unchanged
-
1,000
3,000
-%
Apr 16, 2024
FLAGSHIP HARBOR ADVISORS, LLC
new
-
205,226
205,226
0.01%
Apr 16, 2024
WEBSTER BANK, N. A.
new
-
5,938
5,938
-%
Apr 16, 2024
Perpetual Ltd
sold off
-100
-243,966
-
-%
Apr 16, 2024
Asset Dedication, LLC
unchanged
-
1,000
6,000
-%
Apr 16, 2024
Robbins Farley
unchanged
-
301
1,663
-%
Apr 15, 2024
Procyon Advisors, LLC
reduced
-3.94
133,275
904,277
0.07%

1–10 of 50

Are Funds Buying or Selling WEX?

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

Unveiling WEX Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
janus henderson group plc
9.6%
4,090,463
SC 13G/A
Feb 13, 2024
vanguard group inc
9.83%
4,199,017
SC 13G/A
Feb 08, 2024
wellington management group llp
7.31%
3,122,500
SC 13G/A
Jan 25, 2024
blackrock inc.
9.0%
3,841,491
SC 13G/A
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
Dec 09, 2022
morgan stanley
4.2%
1,834,985
SC 13G/A

Recent SEC filings of WEX Inc

View All Filings
Date Filed Form Type Document
Apr 08, 2024
4
Insider Trading
Apr 08, 2024
4
Insider Trading
Mar 21, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading

Peers (Alternatives to WEX Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
3.0T
227.6B
-4.10% 40.11%
36.38
13.2
11.51% 22.38%
211.9B
19.9B
-9.26% 24.41%
44.13
10.63
10.76% 1.35%
70.2B
3.1B
-8.38% 121.31%
785.34
22.96
36.33% 148.75%
43.9B
21.9B
-9.15% 14.62%
6.4K
2
25.01% 101.26%
15.3B
3.8B
-6.58% 22.51%
27.86
4
5.40% 4.57%
10.6B
2.8B
-5.04% 30.96%
22.9
3.76
3.55% 53.13%
MID-CAP
6.5B
612.7M
0.17% 15.37%
-729.3
10.62
7.07% 79.45%
4.6B
583.1M
-15.85% -18.07%
-24.02
7.85
22.54% 30.49%
3.4B
1.5B
-1.28% 21.93%
27.6
2.31
2.16% -14.54%
2.5B
545.4M
-4.57% -13.82%
-22.87
4.67
16.53% 26.16%
SMALL-CAP
1.4B
1.2B
-5.17% -8.38%
20.8
1.22
7.30% 93.18%
957.3M
251.7M
-3.09% -10.01%
23.95
3.8
-10.22% -14.79%
449.5M
601.1M
-6.64% 27.67%
-27.5
0.75
4.88% -183.51%
19.1M
7.0M
-8.53% -58.10%
-2.22
2.91
-55.73% -45.27%
12.8M
15.6M
24.24% 33.70%
-1.28
0.82
-6.37% -5256.07%

WEX Inc News

Latest updates
Defense World • 7 hours ago
Yahoo Canada Finance • 25 hours ago
Yahoo Finance UK • 17 Apr 2024 • 01:40 pm
Investing.com • 15 Apr 2024 • 12:37 pm
Yahoo Finance • 08 Mar 2024 • 08:00 am

WEX Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue1.8%663651621612619616598518497483459411399382347432440460442382381
Cost Of Revenue8.8%256235235247252252224202193180172158169157162186180166161153138
  S&GA Expenses4.1%86.0083.0079.0080.0077.0081.0080.0074.0073.0082.0086.0078.0079.0065.0055.0069.0049.0074.0073.0064.0060.00
EBITDA Margin-0.31*-0.24*0.21*0.23*0.24*0.30*0.31*0.27*0.10*0.04*0.03*---------
Interest Expenses-----33.0034.0032.0030.0034.0032.0032.0033.0055.0041.0029.0032.0033.0035.0036.0031.0077.00
Income Taxes-9.6%24.0026.0023.0030.0036.001.0015.0042.0051.0019.00-0.75-1.67-16.7422.00-19.75-5.7124.0019.0012.006.0017.00
Earnings Before Taxes144.1%10844.0011898.00124-43.3049.0013110271.009.0022.00-240-36.11-6.35-17.9889.0062.0044.0022.0039.00
EBT Margin-5.8%0.14*0.15*0.12*0.09*0.11*0.11*0.17*0.16*0.11*-0.08*-0.15*----------
Net Income361.4%85.0018.0095.0068.0089.00-44.1034.0089.0051.0052.0010.0022.00-224-58.9613.00-13.6354.0043.0032.0016.0021.00
Net Income Margin-3.1%0.10*0.11*0.08*0.06*0.07*0.06*0.11*0.10*0.07*-0.08*-0.15*----------
Free Cashflow7028.7%72010.0038.00-3.50535398-174-192-62.7893.0077.00----------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-0.1%13,88213,90013,34812,72711,52911,90912,32311,33310,3079,5149,2288,3178,1838,3147,9077,6988,2988,5418,5737,9556,771
  Current Assets-2.2%8,9359,1328,7058,0516,8177,1997,4266,3385,3004,4364,0943,7083,5034,0313,5613,3123,8424,0544,3083,6453,398
    Cash Equivalents1.9%9769589019229227594395785895344255618521,5221,272861811531768387541
  Net PPE6.1%243229222210202187181178180179180183188193205208212208197197188
  Goodwill7.8%3,0162,7972,7282,7262,7292,7032,8732,9162,9082,9062,9262,7592,6882,4312,4342,4182,4412,4361192,331-
Liabilities-1.2%12,06212,20411,57911,0579,88010,27810,5079,4078,2147,4787,2456,2866,1486,1105,8195,6626,2056,5436,6126,0384,975
  Current Liabilities-3.8%8,5198,8568,3347,5036,2946,4146,3995,2534,4003,6053,5163,3082,7412,6722,5902,4863,0503,1133,0372,6162,312
  Long Term Debt6.7%2,8282,6502,4992,6312,5222,6442,7622,7742,6952,8022,8672,5082,8742,8792,6542,6722,6872,7012,7652,8092,134
    LT Debt, Non Current6.7%2,8282,6502,4992,6312,5222,6442,7622,7742,6952,8022,8672,5082,8742,8792,6542,6722,6872,7012,7652,8092,134
Shareholder's Equity7.3%1,8211,6961,7691,6711,6501,6311,8161,9271,8391,8441,7951,8881,8782,0971,9881,8771,9281,8521,8441,8171,796
  Retained Earnings5.1%1,7571,6721,6541,5591,4911,4021,4461,4121,2891,3011,2531,2861,2871,5211,5871,5141,5391,4851,4701,4561,482
  Additional Paid-In Capital3.4%1,0531,018981951928907881856844830809850873849695681675662652635593
Accumulated Depreciation-100.0%-593571552530515493478458465444425402407387363344345327325308
Shares Outstanding-1.9%42.0043.0043.0043.0043.0044.0045.0045.0045.0045.0045.00----------
Minority Interest-------------13.0012.0011.0010.0010.0010.0011.0010.0010.00
Float---7,800---6,890---8,642---7,140---8,946--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations1538.5%76247.0072.0027.00573428-152-168-32.2411295.00-217-37.6549.003863404581269.0070.00213
  Share Based Compensation7.5%34.0032.0037.0025.0021.0028.0025.0024.0014.0022.0022.0018.0019.0018.0015.0013.0012.0010.0015.0010.009.00
Cashflow From Investing-127.7%-566-249-260-1,062-52.80-53.20-504-106-990-15.33-579-16.41-254-33.35-20.90-20.71-68.30-297-28.04-596-196
Cashflow From Financing-155.7%-1322374251,044-4221277072701,11879.00513-114-10124654.00-257-87.93-54.60396496-21.77
  Buy Backs210.3%15149.003.0010113369.0081.00--------------

WEX Income Statement

2023-12-31
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues   
Total revenues$ 2,548.0$ 2,350.5$ 1,850.5
Cost of services   
Processing costs621.6558.9482.9
Service fees73.365.252.8
Provision for credit losses89.8179.945.1
Operating interest84.220.69.2
Depreciation and amortization104.4105.9112.2
Total cost of services973.3930.5702.1
General and administrative428.0343.9326.9
Sales and marketing327.8311.8319.1
Depreciation and amortization171.8158.0160.5
Impairment charges0.0136.50.0
Operating income647.1469.8342.0
Financing interest expense, net of financial instruments(204.6)(47.5)(89.2)
Net foreign currency gain (loss)4.9(22.7)(12.3)
Change in fair value of contingent consideration(8.5)(139.1)(40.1)
Loss on extinguishment of Convertible Notes(70.1)0.00.0
Other income0.00.03.6
Income before income taxes368.8260.5203.9
Income tax provision102.293.167.8
Net income266.6167.5136.1
Less: Net income from non-controlling interests0.00.30.8
Net income attributable to WEX Inc.266.6167.2135.3
Change in value of redeemable non-controlling interest0.034.2(135.2)
Net income attributable to shareholders266.6201.40.1
Net income attributable to shareholders$ 266.6$ 201.4$ 0.1
Net income attributable to shareholders per share:   
Basic (in dollars per share)$ 6.23$ 4.54$ 0
Diluted (in dollars per share)$ 6.16$ 4.50$ 0
Weighted average common shares outstanding:   
Basic (in shares)42.844.444.7
Diluted (in shares)43.344.745.3
Payment processing revenue   
Revenues   
Total revenues$ 1,213.7$ 1,155.9$ 859.0
Account servicing revenue   
Revenues   
Total revenues646.4569.3526.9
Finance fee revenue   
Revenues   
Total revenues314.2360.5255.3
Other revenue   
Revenues   
Total revenues$ 373.7$ 264.9$ 209.4

WEX Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets  
Cash and cash equivalents$ 975.8$ 922.0
Restricted cash1,254.2937.8
Accounts receivable, net3,428.53,275.7
Investment securities3,022.11,395.3
Securitized accounts receivable, restricted129.4143.2
Prepaid expenses and other current assets125.3143.3
Total current assets8,935.36,817.1
Property, equipment and capitalized software242.9202.2
Goodwill3,015.72,728.9
Other intangible assets1,458.71,473.6
Investment securities66.848.0
Deferred income taxes, net13.713.4
Other assets149.0246.0
Total assets13,882.111,529.2
Liabilities and Stockholders’ Equity  
Accounts payable1,479.11,365.8
Accrued expenses and other current liabilities802.7643.9
Restricted cash payable1,253.5937.1
Short-term deposits3,942.83,144.6
Short-term debt, net1,041.1202.6
Total current liabilities8,519.26,294.1
Long-term debt, net2,827.52,522.2
Long-term deposits129.8334.2
Deferred income taxes, net129.5142.2
Other liabilities455.5587.1
Total liabilities12,061.59,879.7
Commitments and contingencies (Note 20)
Stockholders’ Equity  
Common stock $0.01 par value; 175.0 shares authorized; 49.9 shares issued in 2023 and 49.6 in 2022; 41.9 shares outstanding in 2023 and 43.2 in 20220.50.5
Additional paid-in capital1,053.0928.0
Retained earnings1,757.11,490.5
Accumulated other comprehensive loss(229.2)(306.3)
Treasury stock at cost; 8.0 and 6.3 shares in 2023 and 2022, respectively(760.8)(463.2)
Total stockholders’ equity1,820.61,649.5
Total liabilities and stockholders’ equity$ 13,882.1$ 11,529.2
WEX
WEX Inc. operates a commerce platform in the United States and internationally. The Fleet Solutions segment offers fleet vehicle payment solutions, transaction processing, and information management services. It also provides account and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and tools to fleets to manage expenses and capital requirements. This segment markets its products directly and indirectly to businesses and government agencies with fleets of commercial vehicles; 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 physical card is presented. This segment markets its products directly and indirectly to customers in travel, fintech, insurance, consumer bill pay, and media verticals, as well as businesses and financial institutions. The Health and Employee Benefit Solutions segment offers software-as-a-service (SaaS) platform for consumer directed healthcare benefits and full-service benefit enrollment solutions. Its SaaS platform includes embedded payment solutions and plan administration services for consumer-directed health benefits; COBRA accounts; and benefit enrollment and administration services. This segment also provides custodial and depository services for health savings accounts; and payroll-related benefits. This segment markets its products through third-party administrators, financial institutions, payroll providers, and health plans. 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.
 CEO
 WEBSITEwexinc.com
 INDUSTRYSoftware - Infra
 EMPLOYEES6100

WEX Inc Frequently Asked Questions


What is the ticker symbol for WEX Inc? What does WEX stand for in stocks?

WEX is the stock ticker symbol of WEX Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of WEX Inc (WEX)?

As of Thu Apr 18 2024, market cap of WEX Inc is 9.59 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WEX stock?

You can check WEX's fair value in chart for subscribers.

What is the fair value of WEX stock?

You can check WEX's fair value in chart for subscribers. The fair value of WEX Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of WEX Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WEX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is WEX Inc a good stock to buy?

The fair value guage provides a quick view whether WEX is over valued or under valued. Whether WEX Inc is cheap or expensive depends on the assumptions which impact WEX Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WEX.

What is WEX Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 18 2024, WEX's PE ratio (Price to Earnings) is 35.99 and Price to Sales (PS) ratio is 3.77. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WEX PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on WEX Inc's stock?

In the past 10 years, WEX Inc has provided 0.096 (multiply by 100 for percentage) rate of return.