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- Market Cap.:
- $8.61 billion
- Book Value:
- Revenue TTM:
- $2.47 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $1.73 billion
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Wex Inc had its IPO on 2005-02-16 under the ticker symbol WEX.
The company operates in the Technology sector and Software-Infrastructure industry. Wex Inc has a staff strength of 6,100 employees.
Shares of Wex Inc opened at $199.96 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $198.95 - $203.28, and closed at $202.96.
This is a +1.23% increase from the previous day's closing price.
A total volume of 300,189 shares were traded at the close of the day’s session.
In the last one week, shares of Wex Inc have increased by +1.24%.
Wex Inc's Key Ratios
Wex Inc has a market cap of $8.61 billion, indicating a price to book ratio of 4.2498 and a price to sales ratio of 3.2047.
In the last 12-months Wex Inc’s revenue was $2.47 billion with a gross profit of $1.73 billion and an EBITDA of $814.10 million. The EBITDA ratio measures Wex Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Wex Inc’s operating margin was 25.38% while its return on assets stood at 3.05% with a return of equity of 11.6%.
In Q2, Wex Inc’s quarterly earnings growth was a positive 189.5% while revenue growth was a positive 3.9%.
Wex Inc’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $4.81 per share while it has a forward price to earnings multiple of 11.3766 and a PEG multiple of 1.5153. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Wex Inc’s profitability.
Wex Inc stock is trading at a EV to sales ratio of 3.4062 and a EV to EBITDA ratio of 12.0077. Its price to sales ratio in the trailing 12-months stood at 3.2047.
Wex Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $13.35 billion
- Total Liabilities
- $8.33 billion
- Operating Cash Flow
- Capital Expenditure
- $39.20 million
- Dividend Payout Ratio
Wex Inc ended 2023 with $13.35 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $13.35 billion while shareholder equity stood at $1.77 billion.
Wex Inc ended 2023 with $131.60 million in deferred long-term liabilities, $8.33 billion in other current liabilities, 500000.00 in common stock, $1.65 billion in retained earnings and $2.73 billion in goodwill. Its cash balance stood at $901.40 million and cash and short-term investments were $3.54 billion. The company’s total short-term debt was $723,000,000 while long-term debt stood at $2.50 billion.
Wex Inc’s total current assets stands at $8.70 billion while long-term investments were $48.00 million and short-term investments were $2.64 billion. Its net receivables were $3.62 billion compared to accounts payable of $1.51 billion and inventory worth $1.36 billion.
In 2023, Wex Inc's operating cash flow was $-260400000.00 while its capital expenditure stood at $39.20 million.
Comparatively, Wex Inc paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Wex Inc stock is currently trading at $202.96 per share. It touched a 52-week high of $204.06 and a 52-week low of $204.06. Analysts tracking the stock have a 12-month average target price of $225.23.
Its 50-day moving average was $191.9 and 200-day moving average was $180.57 The short ratio stood at 2.04 indicating a short percent outstanding of 0%.
Around 44% of the company’s stock are held by insiders while 10128.1% are held by institutions.
Frequently Asked Questions About Wex Inc
Similar Industry Stocks (Software-Infrastructure)
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.