Professional
Added to YB: 2024-08-05
Pitch date: 2024-08-02
WISE.L [bullish]
Wise Group plc
+41.56%
current return
Author Info
Company Info
Wise Group plc provides cross-border and domestic financial services in the United Kingdom, the rest of Europe, the Asia-Pacific, North America, and internationally.
Market Cap
GBP 13.4B
Pitch Price
GBP 6.50
Price Target
25.40 (+172%)
Dividend
N/A
EV/EBITDA
7.32
P/E
26.94
EV/Sales
3.38
Sector
Financial Services
Category
growth
Asheville Capital New Position: Wise plc
WISE.L: Cross-border payments platform, 7-8x cheaper than banks. £119B volume, £795M revenue, 13M customers. 4.3% personal, 0.3% business market share. Strong growth in adjacent products (Accounts, Cards). Overearning due to high interest rates. 13-27x earnings. Conservative mgmt, founder-led, 18% insider ownership. Long runway for 15%+ earnings growth.
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