Added to YB: 2026-07-28
Pitch date: 2026-07-24
WEX [neutral]
WEX Inc.
+1.25%
current return
Author Info
No bio for this author
Company Info
WEX Inc. operates a commerce platform in the United States and internationally. The Mobility segment offers fleet payment solutions, transaction processing, and information management services; and provides account activation 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 offerings.
Market Cap
$6.0B
Pitch Price
$175.79
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.64
P/E
17.53
EV/Sales
1.88
Sector
Financial Services
Category
value
WEX Q2 - market overexcited, but not bad
WEX (holding update): Long on cheap 8x 2026/11x 2025 EPS & governance tailwinds. Q2 GAAP EPS +57%, non-GAAP +35%, but ex-fuel/FX only 4.2% rev & 10.1% EPS growth—below-avg grower. Impactive activists driving buybacks (restarted, ahead of schedule, delevered <3x). 7% buyback yield on $5.8bn cap, $600M+ FCF. 3 segments (Mobility, Benefits, Corp Payments) growing GDP+. DoorDash HSA/FSA deal. 10%+ IRR no multiple expansion needed.
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