WEX WEX
United StatesTechnology · Software - InfrastructureUSD
195.36 USD (+14.9%)
11 analysts
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WEX Inc. is a provider of payment solutions and financial technology for the vehicle fleet, travel, and healthcare sectors, generating revenue from transaction fees and payment management services.
Key points
from its scores- ✓Attractive valuation8.7
- ✓Strong growth8.4
- ✓High-quality business7.9
- ✕Little or no dividend1.5
AI analysis
bottom line, main risk, context and newsWEX is a quality company with reasonable valuation and strong growth; hold or buy on pullbacks.
WEX shows solid financial health with net cash (ND/EBITDA -0.81), high profitability (ROE 30.19%) and an attractive valuation (P/E 16.95, FCF yield 22.98%), with earnings growth of 57.1% that, while notable, does not seem unsustainable given its payments business model.
The main risk is dependence on a limited number of large fleet customers and potential competitive pressure from new fintech players, which could erode its 26.94% operating margin.
Context and risks
WEX operates in the financial technology and payments sector, with a healthy balance sheet (negative net debt) and no material exposure to commodities, interest rates, or shipping routes. The current macro context does not directly and demonstrably affect its business.
Is WEX stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 60% below the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 16.9 | 31.3 | −46% |
| EV / EBITDA | 5.5 | 20.4 | −73% |
| Price / book | 4.3 | 6.3 | −31% |
| Price / sales | 2.1 | 5.3 | −61% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.7 out of 10 (median for Technology: 5.3).
Average analyst target: 195.36 USD, +14.9% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 7.4 (sector 6.9), Growth 8.4 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 16.9
- Forward P/E
- 8.0
- EV / EBITDA
- 5.5
- Price / book
- 4.3
- Price / sales
- 2.1
- PEG
- 0.91
- Market cap
- 5.8B USD
- Enterprise value
- 5.0B USD
Profitability
- ROE
- 30.2%
- ROA
- 2.9%
- ROIC (approx.)
- 11.2%
- Gross margin
- 73.2%
- Operating margin
- 26.9%
- Net margin
- 12.6%
- Free cash flow
- 1.3B USD
- FCF yield
- 23.0%
- Cash conversion
- 145%
Solvency
- Total debt
- 5.4B USD
- Net debt
- −744.4M USD
- Cash
- 6.1B USD
- EBITDA
- 920.8M USD
- Net debt / EBITDA
- −0.81
- Debt / equity
- 398.42
- Current ratio
- 1.04
- Quick ratio
- 0.98
Growth
- Revenue growth
- +14.2%
- Earnings growth
- +57.1%
- EPS (TTM)
- 10.03 USD
- EPS (forward)
- 21.22 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 0.84
- Analyst consensus
- Buy (11)
- Target price
- 195.36 USD
- 52-week range
- 125.29 – 203.99
Recent news
All WEX news →Compare it with its sector
All 283 in Technology →Frequently asked questions about WEX
Is WEX stock cheap or expensive?
On P/E and EV / EBITDA, it trades 60% below the Technology median on average. Valuation score: 8.7 out of 10 (median for Technology: 5.3). Average analyst target: 195.36 USD, +14.9% versus the price. This is not investment advice.
What score does WEX get on MeridIAn Screener?
It scores 7.7 out of 10, rank 29 of 2,130 (better than 99% of the companies analysed). Its strongest category is Valuation (8.7) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is WEX's P/E ratio?
Its P/E is 16.9: the share price equals 16.9 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 8.0.
How much is WEX worth on the stock market?
Its market capitalisation is 5.8B USD and its enterprise value, debt included, is 5.0B USD.
How much debt does WEX have?
It has more cash than debt: net cash of 744.4M USD.
Does WEX pay a dividend?
It pays no dividend, or almost none.
How has WEX stock performed over the last year?
It has risen 13.1% over the last year, excluding dividends. Over the last 52 weeks it has traded between 125.29 and 203.99 USD. Past performance does not guarantee future results.
What do analysts think of WEX?
11 analysts cover it; their average recommendation is “Buy” and their average target is 195.36 USD (+14.9% versus the price). It is an estimate, not market data.