What is WEX Inc. worth?
With the base-case assumptions below, a discounted cash flow model on WEX Inc.'s reported free cash flow gives $152.47 per share. The share price was $180.51 on November 10, 2026, 18% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 6.5% | 10.0% | $63.67 | -65% |
| Base | 11.5% | 9.0% | $152.47 | -16% |
| Bull | 16.5% | 8.0% | $329.45 | +83% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $220.04 | $240.93 | $266.46 | $298.37 | $339.40 |
| 8.0% | $169.42 | $182.97 | $198.97 | $218.18 | $241.66 |
| 9.0% | $132.53 | $141.79 | $152.47 | $164.94 | $179.68 |
| 10.0% | $104.50 | $111.09 | $118.55 | $127.08 | $136.92 |
| 11.0% | $82.53 | $87.35 | $92.75 | $98.82 | $105.70 |
Where the presets come from
Base: years 1 to 5 grow at WEX Inc.'s revenue growth rate over the last 5 fiscal years (11.3% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions