Professional
Added to YB: 2024-08-20
Pitch date: 2024-06-30
WISE.L [bullish]
Wise plc
+31.03%
current return
Author Info
No bio for this author
Company Info
Wise plc provides cross-border and domestic financial services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally.
Market Cap
GBP 8.8B
Pitch Price
GBP 6.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.10
P/E
23.34
EV/Sales
4.36
Sector
Financial Services
Category
growth
Baron FinTech Fund Portfolio Holding: Wise plc
WISE.L: Money transfer provider with solid ops & earnings beat, but shares down on price cuts & weak FY25 guidance. 15-20% income growth below expectations. Guidance likely conservative. <5% market share of $2.6T individual & <1% of $11.6T business cross-border transfers. Bullish on platform, licenses & global connections as competitive advantages for market share gains.
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