The Discounted Cash Flow (DCF) valuation of WEX Inc (WEX) is 183.32 USD. With the latest stock price at 154.19 USD, the upside of WEX Inc based on DCF is 18.9%.

Is WEX a buy or a sell?

Based on the latest price of 154.19 USD and our DCF valuation, WEX Inc (WEX) is a buy. Buying WEX stocks now will result in a potential gain of 18.9%.

	Range	Selected
WACC / Discount Rate	6.5% - 8.2%	7.3%
Long-term Growth Rate	1.0% - 3.0%	2.0%
Fair Price	106.69 - 342.21	183.32
Upside	-30.8% - 121.9%	18.9%

154.19 USD

Stock Price

183.32 USD

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

WEX DCF Valuation: Revenue & Expenses Forecast

(USD in millions)		Projections

	12-2024	12-2025	12-2026	12-2027	12-2028	12-2029

Revenue	2,628	2,563	2,756	2,855	2,912	3,137
% Growth	3%	-2%	8%	4%	2%	8%

Cost of goods sold	(934)	(911)	(979)	(1,014)	(1,035)	(1,115)
% of Revenue	36%	36%	36%	36%	36%	36%

Selling, G&A expenses	(712)	(694)	(746)	(773)	(788)	(849)
% of Revenue	27%	27%	27%	27%	27%	27%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	(565)	(551)	(593)	(614)	(626)	(675)
% of Revenue	22%	22%	22%	22%	22%	22%

Tax expense	(108)	(113)	(121)	(126)	(128)	(138)
Tax rate	26%	28%	28%	28%	28%	28%

Net profit	310	295	317	328	335	361
% Margin	12%	11%	11%	11%	11%	11%