WEX Inc

Chart & Performance

D1W1MN

P/E

26.19

P/S

2.74

EPS

6.70

Div Yield, %

0.00%

Shrs. gr., 5y

-0.13%

Rev. gr., 5y

11.29%

Revenues

2.55b

+8.40%

Net income

267m

+32.37%

CFO

908m

+33.63%

Earnings

Feb 06, 2025

Profile

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.

URL

https://www.wexinc.com/

IPO date

Feb 16, 2005

Employees

6,100

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	2,548,000 8.40%	2,350,511 27.02%
Cost of revenue	1,811,100	1,664,181
Unusual Expense (Income)
NOPBT	736,900	686,330
NOPBT Margin	28.92%	29.20%
Operating Taxes	102,200	93,085
Tax Rate	13.87%	13.56%
NOPAT	634,700	593,245
Net income	266,600 32.37%	201,400 47.94%
Dividends
Dividend yield
Proceeds from repurchase of equity	(303,400)	(277,835)
BB yield	3.60%	3.80%
Debt
Debt current	1,041,100	202,638
Long-term debt	2,893,500	2,592,842
Deferred revenue		142,156
Other long-term liabilities	585,300	779,131
Net debt	(130,100)	430,232
Cash flow
Cash from operating activities	907,900	679,425
CAPEX	(143,600)	(116,213)
Cash from investing activities	(2,138,300)	(716,654)
Cash from financing activities	1,573,300	681,259
FCF	532,229	570,547
Balance
Cash	3,997,900	2,317,250
Long term investments	66,800	47,998
Excess cash	3,937,300	2,247,722
Stockholders' equity	1,528,400	1,184,684
Invested Capital	4,746,100	4,110,960
ROIC	14.33%	13.86%
ROCE	11.51%	12.62%
EV
Common stock shares outstanding	43,300	44,724
Price	194.55 18.88%	163.65 16.57%
Market cap	8,424,015 15.10%	7,319,083 15.06%
EV	8,293,915	7,749,315
EBITDA	1,013,100	950,198
EV/EBITDA	8.19	8.16
Interest	204,600	130,690
Interest/NOPBT	27.76%	19.04%