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Wex Inc

Technology US WEX

215.03USD
-18.28(7.84%)

Last update at 2024-04-25T20:10:00Z

Day Range

212.00221.64
LowHigh

52 Week Range

159.09204.06
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 260.55M 203.95M -301.08100M 216.52M 238.62M
Minority interest 33.98M -136.00200M 3.47M -1.03000M 1.48M
Net income 201.44M 136.14M -280.48400M 155.29M 168.29M
Selling general administrative 343.90M 326.88M 292.11M 275.81M 209.32M
Selling and marketing expenses 311.83M 319.08M 266.68M 259.87M 229.23M
Gross profit 1420.06M 1148.43M 886.69M 1063.92M 944.71M
Reconciled depreciation 158.00M 160.48M 261.93M 237.13M 199.81M
Ebit 469.84M 342.00M 171.06M 385.84M 385.51M
Ebitda 764.33M 506.09M 328.39M 529.18M 505.38M
Depreciation and amortization 294.49M 164.09M 157.33M 143.34M 119.87M
Non operating income net other - -12.33900M -25.29200M 0.00600M -39.57500M
Operating income 469.84M 342.00M 171.06M 385.84M 380.64M
Other operating expenses 1744.18M 1508.54M 1389.30M 1337.85M 1106.35M
Interest expense 130.69M 128.42M 157.08M 134.68M 105.02M
Tax provision 93.08M 67.81M -20.59700M 61.22M 68.84M
Interest income 70.21M 101.57M 209.90M 170.26M 141.24M
Net interest income -130.69000M -128.42200M -157.08000M -134.67700M -105.02300M
Extraordinary items - - - - -
Non recurring - 40.10M 53.38M - -66.48200M
Other items - - - - -
Income tax expense 93.08M 67.81M -20.59700M 61.22M 68.84M
Total revenue 2350.51M 1850.54M 1559.87M 1723.69M 1492.64M
Total operating expenses 813.73M 806.43M 716.13M 678.08M 558.42M
Cost of revenue 930.45M 702.11M 673.17M 659.77M 547.93M
Total other income expense net -209.29600M -138.05400M -472.13900M -169.32500M -42.64500M
Discontinued operations - - - - -
Net income from continuing ops 167.46M 136.14M -280.48400M 155.29M 169.78M
Net income applicable to common shares 201.44M 0.14M -243.63800M 99.01M 168.29M
Preferred stock and other adjustments - 135.16M -40.31200M 57.32M -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 11529.23M 10306.83M 8183.36M 8298.42M 6770.60M
Intangible assets 1473.60M 1643.30M 1552.01M 1575.05M 1034.19M
Earning assets - - - - -
Other current assets 143.28M 77.57M 86.63M 87.69M 149.02M
Total liab 9879.72M 8213.95M 6148.23M 6205.02M 4974.67M
Total stockholder equity 1649.51M 1838.77M 1904.89M 1926.95M 1785.70M
Deferred long term liab 5.19M 192.97M 220.12M 218.74M 151.69M
Other current liab 4712.29M 2077.03M 969.82M 1345.51M 954.51M
Common stock 0.49M 0.49M 0.48M 0.48M 0.47M
Capital stock 0.49M 0.49M 0.48M 0.48M 0.47M
Retained earnings 1490.53M 1289.09M 1286.98M 1539.20M 1481.59M
Other liab 815.11M 1118.88M 368.71M 387.55M 529.18M
Good will 2728.89M 2908.06M 2688.14M 2441.20M 1832.13M
Other assets 951.12M 673.55M 1804.04M 128.51M 284.68M
Cash 921.98M 588.92M 852.03M 810.93M 541.50M
Cash and equivalents 921.98M 588.92M 852.03M 810.93M 541.50M
Total current liabilities 6294.07M 4399.70M 2740.85M 3049.94M 2311.57M
Current deferred revenue 13.36M 1144.98M 840.09M 486.09M 325.80M
Net debt 1802.87M 2262.21M 2174.81M 2124.11M 1808.94M
Short term debt 202.64M 155.77M 152.73M 248.53M 216.52M
Short long term debt 202.64M 155.77M 152.73M 248.53M 216.52M
Short long term debt total 2724.84M 2851.13M 3026.84M 2935.04M 2350.44M
Other stockholder equity 464.83M 671.71M 700.37M 502.72M 420.92M
Property plant equipment 202.23M 179.53M 188.34M 212.47M 187.87M
Total current assets 6817.15M 5299.51M 3502.85M 3842.38M 3398.13M
Long term investments 48.00M 39.65M 37.27M 30.46M 24.41M
Net tangible assets -2552.97600M -2712.58000M -2218.03600M -1932.42500M -1080.62600M
Short term investments 1395.27M 948.68M 37.27M - -
Net receivables 3275.66M 2891.24M 1993.33M 2661.11M 2584.20M
Long term debt 2522.21M 2695.36M 2874.11M 2686.51M 2133.92M
Inventory 1080.95M 793.10M 570.86M 282.64M 123.40M
Accounts payable 1365.78M 1021.91M 778.21M 969.82M 814.74M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - 13.02M 9.57M 10.23M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -306.33800M -122.51700M -82.93500M -115.44900M -117.29100M
Additional paid in capital - - - - -
Common stock total equity - 0.49M 0.48M 0.48M 0.47M
Preferred stock total equity - - - - -
Retained earnings total equity - 1289.09M 1286.98M 1539.20M 1481.59M
Treasury stock - -172.34200M -172.34200M -172.34200M -172.34200M
Accumulated amortization - - - - -
Non currrent assets other 246.00M 231.15M 197.23M 184.02M 284.23M
Deferred long term asset charges - - - - -
Non current assets total 4712.08M 5007.32M 4680.51M 4456.04M 3372.47M
Capital lease obligations - - - - -
Long term debt total 2522.21M 2695.36M 2874.11M 2686.51M 2133.92M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -716.65400M -956.28100M -5.44100M -5.33700M -4.27300M
Change to liabilities 348.68M 510.32M -10.33500M 105.49M -5.45400M
Total cashflows from investing activities -716.65400M -1601.10600M -329.08600M -990.61400M -254.17500M
Net borrowings -129.01900M -258.47500M 150.58M 578.58M -62.41700M
Total cash from financing activities 681.26M 1403.27M -179.25600M 749.77M -102.72800M
Change to operating activities 49.95M 283.04M 164.80M 41.53M 68.25M
Net income 167.46M 136.14M -280.48400M 155.29M 169.78M
Change in cash 602.89M -72.81500M 348.27M 426.35M 32.65M
Begin period cash flow 1256.84M 1329.65M 981.38M 555.03M 522.38M
End period cash flow 1859.73M 1256.84M 1329.65M 981.38M 555.03M
Total cash from operating activities 679.42M 150.40M 857.02M 663.17M 400.23M
Issuance of capital stock 0.00000M 0.00000M 90.00M - -
Depreciation 263.87M 272.64M 261.93M 237.13M 199.81M
Other cashflows from investing activities -600.44100M -1515.06500M -243.17400M -882.41700M -162.75000M
Dividends paid - - - - -
Change to inventory - 959.13M 164.80M 67.64M 68.25M
Change to account receivables -602.74700M -959.12800M 592.95M -67.64500M -201.63700M
Sale purchase of stock -282.78700M 44.20M 99.27M 4.94M 2.43M
Other cashflows from financing activities 1093.07M 3412.63M 185.79M 2124.44M 1702.83M
Change to netincome 409.64M 143.75M 260.75M 160.93M 159.28M
Capital expenditures 116.21M 86.04M 80.47M 102.86M 87.15M
Change receivables - - - - -
Cash flows other operating - -929.29800M 598.97M -5.61300M -132.84800M
Exchange rate changes - - - - -10.68000M
Cash and cash equivalents changes - -47.43900M 348.68M 422.33M 32.65M
Change in working capital -195.52200M -418.97700M 589.13M 100.81M -139.07700M
Stock based compensation 97.90M 74.76M 63.86M 45.81M 33.89M
Other non cash items 405.87M 72.96M 251.93M 104.47M 104.50M
Free cash flow 563.21M 64.36M 776.55M 560.31M 313.08M

Fundamentals

  • Previous Close 233.31
  • Market Cap8350.01M
  • Volume762154
  • P/E Ratio31.56
  • Dividend Yield2.23%
  • EBITDA833.00M
  • Revenue TTM2503.31M
  • Revenue Per Share TTM57.95
  • Gross Profit TTM 1726.41M
  • Diluted EPS TTM6.19

Peer Comparison

Sector: Technology Industry: Software - Infrastructure

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
WEX
Wex Inc
-18.28 7.84% 215.03 31.56 11.53 3.24 4.79 3.25 10.06
MSFT
Microsoft Corporation
-10.02 2.45% 399.04 36.23 33.11 12.62 12.48 12.35 24.07
ORCL
Oracle Corporation
-0.47 0.41% 114.87 29.34 18.66 5.55 74.06 7.10 18.13
ADBE
Adobe Systems Incorporated
-3.68 0.77% 473.44 50.49 33.22 13.98 16.43 13.79 34.38
PANW
Palo Alto Networks Inc
-5.03 1.71% 288.79 166.60 58.48 13.17 44.82 12.93 84.16

Reports Covered

Stock Research & News

Profile

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.

Wex Inc

1 Hancock Street, Portland, ME, United States, 04101

Key Executives

Name Title Year Born
Ms. Melissa D. Smith Chairman, Pres & CEO 1969
Mr. David Cooper Sr. VP & Chief Technology Officer 1967
Mr. Robert Joseph Deshaies Chief Operating Officer of Americas 1966
Mr. Jagtar Narula Chief Financial Officer 1971
Ms. Jennifer Kimball Chief Accounting Officer 1975
Mr. Steven Alan Elder Sr. VP of Global Investor Relations 1969
Ms. Hilary Ann Rapkin Esq. Chief Legal Officer & Sec. 1967
Ms. Ann Elena Drew J.D. Chief Risk & Compliance Officer 1971
Ms. Melanie J. Tinto Chief HR Officer 1972
Mr. Joel Alan Dearborn Jr. Chief Strategy Officer 1979

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