Overview Dividends

(WEX) Wex - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US96208T1043

Fleet Cards, Corporate Payments, Benefits SaaS

WEX EPS (Earnings per Share)

EPS Growth (3Y CAGR): 11.06%
EPS Trend (3Y Correlation): 24.1%

WEX Revenue

Revenue Growth (3Y CAGR): 4.15%
Revenue Trend (3Y Correlation): 67.7%

Risk via 10d forecast
Volatility	30.2%
Value at Risk 5%th	45.2%

Reward
Sharpe Ratio	-0.39
Alpha Jensen	-36.03

Character
Hurst Exponent	0.421
Beta	1.029

Drawdowns 3y
Max DD	53.15%
Mean DD	18.57%

Description: WEX Wex November 06, 2025

WEX Inc. (NYSE: WEX) runs a diversified commerce platform that serves three primary markets. The Mobility segment delivers fleet-vehicle payment processing, account-management, and analytics services to commercial fleets and government agencies, using both direct sales and co-branded/private-label partnerships. The Corporate Payments segment offers embedded payment, accounts-payable automation, and spend-management tools to customers in travel, fintech, insurance, consumer-bill-pay, and media verticals. The Benefits Solutions segment provides a SaaS platform for consumer-directed health-benefit administration-including HSA/HSAs, COBRA, and enrollment services-distributed through third-party administrators, payroll providers, and health plans.

Key quantitative signals (as of FY 2023) include total revenue of $2.2 billion, a 9 % year-over-year growth rate, and an adjusted EBITDA margin of roughly 24 %, reflecting the high-margin nature of SaaS-driven services. The Mobility business is sensitive to corporate fleet-spending trends and the ongoing shift toward electric-vehicle (EV) fleets, which could expand the addressable market by an estimated $15 billion over the next five years (based on industry forecasts). Meanwhile, the Benefits Solutions line benefits from rising employer adoption of consumer-directed health plans, a sector that has grown at a compound annual rate of 12 % since 2020.

For a deeper quantitative assessment, you may find ValueRay’s platform useful for benchmarking WEX against peers and exploring scenario-based valuations.

WEX Stock Overview

Market Cap in USD	5,168m
Sub-Industry	Data Processing & Outsourced Services
IPO / Inception	2005-02-16
Return 12m vs S&P 500	-30.0%
Analyst Rating	3.31 of 5

WEX Dividends

Currently no dividends paid

WEX Growth Ratios

CAGR	-3.28%
CAGR/Max DD Calmar Ratio	-0.06
CAGR/Mean DD Pain Ratio	-0.18
Current Volume	470.3k
Average Volume	350.6k

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (283.8m TTM) > 0 and > 6% of Revenue (6% = 157.5m TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA 1.31pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 17.61% (prev 14.74%; Δ 2.87pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.06 (>3.0%) and CFO 798.0m > Net Income 283.8m (YES >=105%, WARN >=100%)

Net Debt (493.9m) to EBITDA (916.3m) ratio: 0.54 <= 3.0 (WARN <= 3.5)

Current Ratio 1.05 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (34.8m) change vs 12m ago -12.56% (target <= -2.0% for YES)

Gross Margin 59.06% (prev 60.98%; Δ -1.92pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 18.49% (prev 19.02%; Δ -0.53pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 2.63 (EBITDA TTM 916.3m / Interest Expense TTM 239.2m) >= 6 (WARN >= 3)

Altman Z'' 1.19

(A) 0.03 = (Total Current Assets 9.72b - Total Current Liabilities 9.25b) / Total Assets 14.43b

(B) 0.16 = Retained Earnings (Balance) 2.29b / Total Assets 14.43b

(D) 0.16 = Book Value of Equity 2.15b / Total Liabilities 13.31b

Total Rating: 1.19 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 71.91

1. Piotroski 5.0pt = 0.0

2. FCF Yield 42.88% = 5.0

3. FCF Margin 25.04% = 6.26

4. Debt/Equity 1.17 = 1.86

5. Debt/Ebitda 0.54 = 2.28

6. ROIC - WACC (= -1.54)% = -1.92

7. RoE 25.82% = 2.15

8. Rev. Trend 67.73% = 5.08

9. EPS Trend 24.14% = 1.21

What is the price of WEX shares?

As of November 13, 2025, the stock is trading at USD 147.83 with a total of 470,349 shares traded.
Over the past week, the price has changed by -0.14%, over one month by -1.84%, over three months by -11.54% and over the past year by -19.21%.

Is Wex a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Wex (NYSE:WEX) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 71.91 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of WEX is around 129.19 USD . This means that WEX is currently overvalued and has a potential downside of -12.61%.

Is WEX a buy, sell or hold?

Wex has received a consensus analysts rating of 3.31. Therefor, it is recommend to hold WEX.

Strong Buy: 2
Buy: 1
Hold: 13
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the WEX price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	177.4	20%
Analysts Target Price	177.4	20%
ValueRay Target Price	144.1	-2.6%

WEX Fundamental Data Overview November 06, 2025

Market Cap USD = 5.17b (5.17b USD * 1.0 USD.USD)
P/E Trailing = 19.6066
P/E Forward = 9.0992
P/S = 1.969
P/B = 5.5641
P/EG = 1.5153
Beta = 1.029
Revenue TTM = 2.62b USD
EBIT TTM = 630.0m USD
EBITDA TTM = 916.3m USD
Long Term Debt = 3.08b USD (from longTermDebt, last fiscal year)
Short Term Debt = 1.31b USD (from shortTermDebt, last quarter)
Debt = 1.31b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 493.9m USD (from netDebt column, last quarter)
Enterprise Value = 1.53b USD (5.17b + Debt 1.31b - CCE 4.94b)
Interest Coverage Ratio = 2.63 (Ebit TTM 630.0m / Interest Expense TTM 239.2m)
FCF Yield = 42.88% (FCF TTM 657.1m / Enterprise Value 1.53b)
FCF Margin = 25.04% (FCF TTM 657.1m / Revenue TTM 2.62b)
Net Margin = 10.81% (Net Income TTM 283.8m / Revenue TTM 2.62b)
Gross Margin = 59.06% ((Revenue TTM 2.62b - Cost of Revenue TTM 1.07b) / Revenue TTM)
Gross Margin QoQ = 60.35% (prev 58.64%)
Tobins Q-Ratio = 0.11 (Enterprise Value 1.53b / Total Assets 14.43b)
Interest Expense / Debt = 4.88% (Interest Expense 63.8m / Debt 1.31b)
Taxrate = 31.10% (36.2m / 116.4m)
NOPAT = 434.1m (EBIT 630.0m * (1 - 31.10%))
Current Ratio = 1.05 (Total Current Assets 9.72b / Total Current Liabilities 9.25b)
Debt / Equity = 1.17 (Debt 1.31b / totalStockholderEquity, last quarter 1.12b)
Debt / EBITDA = 0.54 (Net Debt 493.9m / EBITDA 916.3m)
Debt / FCF = 0.75 (Net Debt 493.9m / FCF TTM 657.1m)
Total Stockholder Equity = 1.10b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.97% (Net Income 283.8m / Total Assets 14.43b)
RoE = 25.82% (Net Income TTM 283.8m / Total Stockholder Equity 1.10b)
RoCE = 15.07% (EBIT 630.0m / Capital Employed (Equity 1.10b + L.T.Debt 3.08b))
RoIC = 6.97% (NOPAT 434.1m / Invested Capital 6.23b)
WACC = 8.51% (E(5.17b)/V(6.47b) * Re(9.81%) + D(1.31b)/V(6.47b) * Rd(4.88%) * (1-Tc(0.31)))
Discount Rate = 9.81% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -8.87%
[DCF Debug] Terminal Value 73.19% ; FCFE base≈575.6m ; Y1≈613.6m ; Y5≈739.7m
Fair Price DCF = 279.2 (DCF Value 9.57b / Shares Outstanding 34.3m; 5y FCF grow 7.33% → 3.0% )
EPS Correlation: 24.14 | EPS CAGR: 11.06% | SUE: 1.26 | # QB: 2
Revenue Correlation: 67.73 | Revenue CAGR: 4.15% | SUE: 0.87 | # QB: 1

Additional Sources for WEX Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle