WEX INC (WEX) Fundamental Analysis & Valuation
NYSE:WEX • US96208T1043
160.33 USD
-0.14 (-0.09%)
At close: Mar 12, 2026
160.33 USD
0 (0%)
After Hours: 3/12/2026, 8:16:12 PM
This WEX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 4 out of 10 to WEX. WEX was compared to 98 industry peers in the Financial Services industry. While WEX has a great profitability rating, there are quite some concerns on its financial health. WEX has a correct valuation and a medium growth rate.
1. WEX Profitability Analysis
1.1 Basic Checks
- In the past year WEX was profitable.
- In the past year WEX had a positive cash flow from operations.
- Each year in the past 5 years WEX has been profitable.
- WEX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of WEX (2.11%) is comparable to the rest of the industry.
- With an excellent Return On Equity value of 24.64%, WEX belongs to the best of the industry, outperforming 88.78% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 7.97%, WEX is in the better half of the industry, outperforming 75.51% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for WEX is in line with the industry average of 8.33%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.11% | ||
| ROE | 24.64% | ||
| ROIC | 7.97% |
ROA(3y)2.12%
ROA(5y)1.62%
ROE(3y)20.02%
ROE(5y)14.46%
ROIC(3y)8.75%
ROIC(5y)7.59%
1.3 Margins
- The Profit Margin of WEX (11.43%) is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of WEX has grown nicely.
- With a decent Operating Margin value of 29.05%, WEX is doing good in the industry, outperforming 77.55% of the companies in the same industry.
- In the last couple of years the Operating Margin of WEX has grown nicely.
- WEX has a Gross Margin of 62.73%. This is in the better half of the industry: WEX outperforms 76.53% of its industry peers.
- In the last couple of years the Gross Margin of WEX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.05% | ||
| PM (TTM) | 11.43% | ||
| GM | 62.73% |
OM growth 3Y2.39%
OM growth 5Y18.45%
PM growth 3Y10.07%
PM growth 5YN/A
GM growth 3Y0.78%
GM growth 5Y1.45%
2. WEX Health Analysis
2.1 Basic Checks
- WEX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- WEX has less shares outstanding than it did 1 year ago.
- WEX has less shares outstanding than it did 5 years ago.
- WEX has a worse debt/assets ratio than last year.
2.2 Solvency
- WEX has an Altman-Z score of 0.51. This is a bad value and indicates that WEX is not financially healthy and even has some risk of bankruptcy.
- WEX has a Altman-Z score of 0.51. This is comparable to the rest of the industry: WEX outperforms 51.02% of its industry peers.
- The Debt to FCF ratio of WEX is 20.19, which is on the high side as it means it would take WEX, 20.19 years of fcf income to pay off all of its debts.
- WEX has a Debt to FCF ratio (20.19) which is comparable to the rest of the industry.
- A Debt/Equity ratio of 3.89 is on the high side and indicates that WEX has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 3.89, WEX is doing worse than 77.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.89 | ||
| Debt/FCF | 20.19 | ||
| Altman-Z | 0.51 |
ROIC/WACC0.97
WACC8.26%
2.3 Liquidity
- WEX has a Current Ratio of 0.54. 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 worse Current ratio (0.54) than 60.20% of its industry peers.
- WEX has a Quick Ratio of 0.54. 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's Quick ratio of 0.54 is on the low side compared to the rest of the industry. WEX is outperformed by 60.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.54 | ||
| Quick Ratio | 0.54 |
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%.
- Measured over the past years, WEX shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.67% on average per year.
- Looking at the last year, WEX shows a small growth in Revenue. The Revenue has grown by 1.24% in the last year.
- Measured over the past years, WEX shows a quite strong growth in Revenue. The Revenue has been growing by 11.27% on average per year.
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
- WEX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.06% yearly.
- Based on estimates for the next years, WEX will show a small growth in Revenue. The Revenue will grow by 4.30% on average per year.
EPS Next Y9.41%
EPS Next 2Y10.15%
EPS Next 3Y10.06%
EPS Next 5YN/A
Revenue Next Year3.06%
Revenue Next 2Y4.1%
Revenue Next 3Y4.3%
Revenue Next 5YN/A
3.3 Evolution
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
- 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.
4. WEX Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 9.92, which indicates a very decent 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.
- WEX is valuated cheaply when we compare the Price/Earnings ratio to 25.71, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 9.07 indicates a reasonable valuation of WEX.
- The rest of the industry has a similar Price/Forward Earnings ratio as WEX.
- When comparing the Price/Forward Earnings ratio of WEX to the average of the S&P500 Index (23.82), we can say WEX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.92 | ||
| Fwd PE | 9.07 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of WEX indicates a somewhat cheap valuation: WEX is cheaper than 78.57% of the companies listed in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of WEX is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.86 | ||
| EV/EBITDA | 7.41 |
4.3 Compensation for Growth
- WEX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- WEX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.05
PEG (5Y)0.46
EPS Next 2Y10.15%
EPS Next 3Y10.06%
5. WEX Dividend Analysis
5.1 Amount
- WEX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
WEX Fundamentals: All Metrics, Ratios and Statistics
160.33
-0.14 (-0.09%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)02-04 2026-02-04/amc
Earnings (Next)04-28 2026-04-28/bmo
Inst Owners112.54%
Inst Owner Change0.87%
Ins Owners0.48%
Ins Owner Change3.57%
Market Cap5.50B
Revenue(TTM)2.66B
Net Income(TTM)304.20M
Analysts70.53
Price Target175.29 (9.33%)
Short Float %5.04%
Short Ratio4.03
Dividend
| Industry Rank | Sector 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)3.18%
Min EPS beat(2)2.52%
Max EPS beat(2)3.84%
EPS beat(4)4
Avg EPS beat(4)3.15%
Min EPS beat(4)0.38%
Max EPS beat(4)5.86%
EPS beat(8)6
Avg EPS beat(8)1.83%
EPS beat(12)10
Avg EPS beat(12)2.93%
EPS beat(16)14
Avg EPS beat(16)3.58%
Revenue beat(2)2
Avg Revenue beat(2)0.79%
Min Revenue beat(2)0.77%
Max Revenue beat(2)0.81%
Revenue beat(4)2
Avg Revenue beat(4)0.26%
Min Revenue beat(4)-0.37%
Max Revenue beat(4)0.81%
Revenue beat(8)2
Avg Revenue beat(8)-0.87%
Revenue beat(12)5
Avg Revenue beat(12)-0.58%
Revenue beat(16)9
Avg Revenue beat(16)0.52%
PT rev (1m)-0.9%
PT rev (3m)-2.55%
EPS NQ rev (1m)-2.64%
EPS NQ rev (3m)-2.61%
EPS NY rev (1m)-0.36%
EPS NY rev (3m)-0.93%
Revenue NQ rev (1m)-0.65%
Revenue NQ rev (3m)-0.97%
Revenue NY rev (1m)-0.79%
Revenue NY rev (3m)-1.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.92 | ||
| Fwd PE | 9.07 | ||
| P/S | 2.07 | ||
| P/FCF | 22.86 | ||
| P/OCF | 12.11 | ||
| P/B | 4.46 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.41 |
EPS(TTM)16.16
EY10.08%
EPS(NY)17.68
Fwd EY11.03%
FCF(TTM)7.01
FCFY4.37%
OCF(TTM)13.24
OCFY8.26%
SpS77.55
BVpS35.98
TBVpS-83.62
PEG (NY)1.05
PEG (5Y)0.46
Graham Number114.38
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.11% | ||
| ROE | 24.64% | ||
| ROCE | 13.26% | ||
| ROIC | 7.97% | ||
| ROICexc | 9.14% | ||
| ROICexgc | 28.85% | ||
| OM | 29.05% | ||
| PM (TTM) | 11.43% | ||
| GM | 62.73% | ||
| FCFM | 9.04% |
ROA(3y)2.12%
ROA(5y)1.62%
ROE(3y)20.02%
ROE(5y)14.46%
ROIC(3y)8.75%
ROIC(5y)7.59%
ROICexc(3y)10%
ROICexc(5y)8.69%
ROICexgc(3y)50.59%
ROICexgc(5y)45.68%
ROCE(3y)12.74%
ROCE(5y)10.84%
ROICexgc growth 3Y-19.7%
ROICexgc growth 5Y6.83%
ROICexc growth 3Y0.52%
ROICexc growth 5Y26.36%
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.89 | ||
| Debt/FCF | 20.19 | ||
| Debt/EBITDA | 4.35 | ||
| Cap/Depr | 64.54% | ||
| Cap/Sales | 8.03% | ||
| Interest Coverage | 2.32 | ||
| Cash Conversion | 41.15% | ||
| Profit Quality | 79.09% | ||
| Current Ratio | 0.54 | ||
| Quick Ratio | 0.54 | ||
| Altman-Z | 0.51 |
F-Score5
WACC8.26%
ROIC/WACC0.97
Cap/Depr(3y)55.2%
Cap/Depr(5y)48.24%
Cap/Sales(3y)6.55%
Cap/Sales(5y)5.85%
Profit Quality(3y)156.79%
Profit Quality(5y)9545.18%
High Growth Momentum
Growth
EPS 1Y (TTM)5.76%
EPS 3Y6.07%
EPS 5Y21.67%
EPS Q2Q%15.13%
EPS Next Y9.41%
EPS Next 2Y10.15%
EPS Next 3Y10.06%
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-2.84%
EBIT growth 3Y6.71%
EBIT growth 5Y31.8%
EBIT Next Year16.32%
EBIT Next 3Y10.31%
EBIT Next 5YN/A
FCF growth 1Y-26.87%
FCF growth 3Y-24.69%
FCF growth 5Y-20.89%
OCF growth 1Y-5.63%
OCF growth 3Y-12.56%
OCF growth 5Y-11.92%
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 5 / 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 7 / 10.
What are the PE and PB ratios of WEX INC (WEX) stock?
The Price/Earnings (PE) ratio for WEX INC (WEX) is 9.92 and the Price/Book (PB) ratio is 4.46.
Can you provide the expected EPS growth for WEX stock?
The Earnings per Share (EPS) of WEX INC (WEX) is expected to grow by 9.41% in the next year.