Stock price when the opinion was issued
Software for fleet management, which is about 60% of its business. Controls the spend and the analytics of trucking. Adds efficiency and control to businesses. Growing organically 14-16% annually, yet trades at 13x earnings. Not well known, hidden in the weeds, take advantage now. No dividend.
(Analysts’ price target is $213.23)WEX offers fleet payments/fuel solutions as well as B2B payment services. It looks cheap at 13X forward earnings and typically grows in the double-digit range on the top and bottom lines. Fundamentally it is a strong company with good and consistent margins. Debt is largely covered by cash and investments. We don't see a whole lot to pick on here.
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Surprised it hasn't done well, because gas prices are up. WEX provides a platform for trucking (i.e. checking oil levels, locating gas stations). Is growing well, so prospects are good. Be patient.