WEX INC (WEX) Fundamental Analysis & Valuation

NYSE:WEX • US96208T1043

162.685 USD
-2.1 (-1.28%)
Last: Mar 5, 2026, 01:00 PM
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This WEX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Taking everything into account, WEX scores 4 out of 10 in our fundamental rating. WEX was compared to 97 industry peers in the Financial Services industry. There are concerns on the financial health of WEX while its profitability can be described as average. WEX has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. WEX Profitability Analysis

1.1 Basic Checks

  • In the past year WEX was profitable.
  • WEX had a positive operating cash flow in the past year.
  • WEX had positive earnings in each of the past 5 years.
  • WEX had a positive operating cash flow in 4 of the past 5 years.
WEX Yearly Net Income VS EBIT VS OCF VS FCFWEX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M 800M

1.2 Ratios

  • WEX has a Return On Assets (1.97%) which is in line with its industry peers.
  • Looking at the Return On Equity, with a value of 25.38%, WEX belongs to the top of the industry, outperforming 89.69% of the companies in the same industry.
  • WEX's Return On Invested Capital of 7.88% is fine compared to the rest of the industry. WEX outperforms 75.26% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for WEX is in line with the industry average of 8.35%.
Industry RankSector Rank
ROA 1.97%
ROE 25.38%
ROIC 7.88%
ROA(3y)2.12%
ROA(5y)1.62%
ROE(3y)20.02%
ROE(5y)14.46%
ROIC(3y)9.3%
ROIC(5y)7.92%
WEX Yearly ROA, ROE, ROICWEX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

1.3 Margins

  • WEX has a Profit Margin of 10.81%. This is comparable to the rest of the industry: WEX outperforms 53.61% of its industry peers.
  • In the last couple of years the Profit Margin of WEX has grown nicely.
  • WEX has a better Operating Margin (29.09%) than 77.32% of its industry peers.
  • In the last couple of years the Operating Margin of WEX has grown nicely.
  • With a decent Gross Margin value of 63.19%, WEX is doing good in the industry, outperforming 76.29% of the companies in the same industry.
  • In the last couple of years the Gross Margin of WEX has remained more or less at the same level.
Industry RankSector Rank
OM 29.09%
PM (TTM) 10.81%
GM 63.19%
OM growth 3Y2.39%
OM growth 5Y18.45%
PM growth 3Y10.07%
PM growth 5YN/A
GM growth 3Y0.78%
GM growth 5Y1.45%
WEX Yearly Profit, Operating, Gross MarginsWEX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

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2

2. WEX Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), WEX is creating some value.
  • The number of shares outstanding for WEX has been reduced compared to 1 year ago.
  • Compared to 5 years ago, WEX has less shares outstanding
  • The debt/assets ratio for WEX is higher compared to a year ago.
WEX Yearly Shares OutstandingWEX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
WEX Yearly Total Debt VS Total AssetsWEX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

2.2 Solvency

  • Based on the Altman-Z score of 0.53, we must say that WEX is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.53, WEX is in line with its industry, outperforming 53.61% of the companies in the same industry.
  • The Debt to FCF ratio of WEX is 7.82, which is on the high side as it means it would take WEX, 7.82 years of fcf income to pay off all of its debts.
  • WEX has a Debt to FCF ratio (7.82) which is in line with its industry peers.
  • A Debt/Equity ratio of 4.44 is on the high side and indicates that WEX has dependencies on debt financing.
  • With a Debt to Equity ratio value of 4.44, WEX is not doing good in the industry: 78.35% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 4.44
Debt/FCF 7.82
Altman-Z 0.53
ROIC/WACC0.94
WACC8.4%
WEX Yearly LT Debt VS Equity VS FCFWEX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

  • WEX has a Current Ratio of 0.57. This is a bad value and indicates that WEX is not financially healthy enough and could expect problems in meeting its short term obligations.
  • WEX has a Current ratio (0.57) which is in line with its industry peers.
  • A Quick Ratio of 0.57 indicates that WEX may have some problems paying its short term obligations.
  • WEX has a Quick ratio (0.57) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.57
Quick Ratio 0.57
WEX Yearly Current Assets VS Current LiabilitesWEX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. WEX Growth Analysis

3.1 Past

  • WEX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.76%.
  • WEX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.67% yearly.
  • The Revenue has been growing slightly by 1.24% in the past year.
  • The Revenue has been growing by 11.27% on average over the past years. This is quite good.
EPS 1Y (TTM)5.76%
EPS 3Y6.07%
EPS 5Y21.67%
EPS Q2Q%15.13%
Revenue 1Y (TTM)1.24%
Revenue growth 3Y4.22%
Revenue growth 5Y11.27%
Sales Q2Q%5.72%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.82% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 4.30% on average over the next years.
EPS Next Y9.8%
EPS Next 2Y9.14%
EPS Next 3Y9.82%
EPS Next 5YN/A
Revenue Next Year3.06%
Revenue Next 2Y4.1%
Revenue Next 3Y4.3%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
WEX Yearly Revenue VS EstimatesWEX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
WEX Yearly EPS VS EstimatesWEX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5 10 15 20

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6

4. WEX Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.07 indicates a reasonable valuation of WEX.
  • Compared to the rest of the industry, the Price/Earnings ratio of WEX is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 27.03. WEX is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 9.17, the valuation of WEX can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of WEX is on the same level as its industry peers.
  • WEX is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.11, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.07
Fwd PE 9.17
WEX Price Earnings VS Forward Price EarningsWEX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • WEX's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. WEX is cheaper than 76.29% of the companies in the same industry.
  • 77.32% of the companies in the same industry are more expensive than WEX, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.68
EV/EBITDA 7.87
WEX Per share dataWEX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 -50

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of WEX may justify a higher PE ratio.
PEG (NY)1.03
PEG (5Y)0.46
EPS Next 2Y9.14%
EPS Next 3Y9.82%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. WEX Dividend Analysis

5.1 Amount

  • WEX does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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WEX Fundamentals: All Metrics, Ratios and Statistics

WEX INC

NYSE:WEX (3/5/2026, 1:00:03 PM)

162.685

-2.1 (-1.28%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)02-04
Earnings (Next)04-28
Inst Owners113.31%
Inst Owner Change0.87%
Ins Owners0.63%
Ins Owner Change3.57%
Market Cap5.58B
Revenue(TTM)2.66B
Net Income(TTM)283.80M
Analysts70.53
Price Target175.29 (7.75%)
Short Float %5.04%
Short Ratio4.03
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.19%
Min EPS beat(2)2.52%
Max EPS beat(2)5.86%
EPS beat(4)3
Avg EPS beat(4)2.08%
Min EPS beat(4)-0.45%
Max EPS beat(4)5.86%
EPS beat(8)6
Avg EPS beat(8)1.61%
EPS beat(12)10
Avg EPS beat(12)3.1%
EPS beat(16)14
Avg EPS beat(16)3.61%
Revenue beat(2)1
Avg Revenue beat(2)0.32%
Min Revenue beat(2)-0.18%
Max Revenue beat(2)0.81%
Revenue beat(4)1
Avg Revenue beat(4)-0.09%
Min Revenue beat(4)-0.62%
Max Revenue beat(4)0.81%
Revenue beat(8)2
Avg Revenue beat(8)-0.9%
Revenue beat(12)5
Avg Revenue beat(12)-0.13%
Revenue beat(16)9
Avg Revenue beat(16)0.58%
PT rev (1m)-2.55%
PT rev (3m)-2.88%
EPS NQ rev (1m)0.3%
EPS NQ rev (3m)0.58%
EPS NY rev (1m)-0.03%
EPS NY rev (3m)-0.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.16%
Revenue NY rev (1m)-0.9%
Revenue NY rev (3m)-1.5%
Valuation
Industry RankSector Rank
PE 10.07
Fwd PE 9.17
P/S 2.13
P/FCF 8.68
P/OCF 6.99
P/B 4.99
P/tB N/A
EV/EBITDA 7.87
EPS(TTM)16.16
EY9.93%
EPS(NY)17.74
Fwd EY10.91%
FCF(TTM)18.74
FCFY11.52%
OCF(TTM)23.27
OCFY14.31%
SpS76.54
BVpS32.62
TBVpS-88.32
PEG (NY)1.03
PEG (5Y)0.46
Graham Number108.9
Profitability
Industry RankSector Rank
ROA 1.97%
ROE 25.38%
ROCE 13.06%
ROIC 7.88%
ROICexc 8.89%
ROICexgc 28.52%
OM 29.09%
PM (TTM) 10.81%
GM 63.19%
FCFM 24.48%
ROA(3y)2.12%
ROA(5y)1.62%
ROE(3y)20.02%
ROE(5y)14.46%
ROIC(3y)9.3%
ROIC(5y)7.92%
ROICexc(3y)10.75%
ROICexc(5y)9.14%
ROICexgc(3y)69.69%
ROICexgc(5y)57.14%
ROCE(3y)12.7%
ROCE(5y)10.81%
ROICexgc growth 3Y15.63%
ROICexgc growth 5Y32.96%
ROICexc growth 3Y8.13%
ROICexc growth 5Y32.02%
OM growth 3Y2.39%
OM growth 5Y18.45%
PM growth 3Y10.07%
PM growth 5YN/A
GM growth 3Y0.78%
GM growth 5Y1.45%
F-Score5
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 4.44
Debt/FCF 7.82
Debt/EBITDA 4.54
Cap/Depr 46.95%
Cap/Sales 5.92%
Interest Coverage 250
Cash Conversion 72.91%
Profit Quality 226.43%
Current Ratio 0.57
Quick Ratio 0.57
Altman-Z 0.53
F-Score5
WACC8.4%
ROIC/WACC0.94
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.76%
EPS 3Y6.07%
EPS 5Y21.67%
EPS Q2Q%15.13%
EPS Next Y9.8%
EPS Next 2Y9.14%
EPS Next 3Y9.82%
EPS Next 5YN/A
Revenue 1Y (TTM)1.24%
Revenue growth 3Y4.22%
Revenue growth 5Y11.27%
Sales Q2Q%5.72%
Revenue Next Year3.06%
Revenue Next 2Y4.1%
Revenue Next 3Y4.3%
Revenue Next 5YN/A
EBIT growth 1Y-4.19%
EBIT growth 3Y6.71%
EBIT growth 5Y31.8%
EBIT Next Year16.32%
EBIT Next 3Y10.31%
EBIT Next 5YN/A
FCF growth 1Y43.02%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y31.92%
OCF growth 3YN/A
OCF growth 5YN/A

WEX INC / WEX FAQ

What is the fundamental rating for WEX stock?

ChartMill assigns a fundamental rating of 4 / 10 to WEX.


What is the valuation status for WEX stock?

ChartMill assigns a valuation rating of 6 / 10 to WEX INC (WEX). This can be considered as Fairly Valued.


How profitable is WEX INC (WEX) stock?

WEX INC (WEX) has a profitability rating of 6 / 10.


What are the PE and PB ratios of WEX INC (WEX) stock?

The Price/Earnings (PE) ratio for WEX INC (WEX) is 10.07 and the Price/Book (PB) ratio is 4.99.


Can you provide the expected EPS growth for WEX stock?

The Earnings per Share (EPS) of WEX INC (WEX) is expected to grow by 9.8% in the next year.