Professional
Added to YB: 2025-08-18
Pitch date: 2025-08-05
WEX [bullish]
WEX Inc.
-7.69%
current return
Author Info
Gator Capital Management manages financials sector long/short portfolios for private partnerships and mutual funds. Follow on Twitter/X.
Company Info
WEX Inc. operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle 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
$172.17
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.19
P/E
22.22
EV/Sales
2.53
Sector
Financial Services
Category
value
Gator Capital Management Investment Thesis: WEX Inc.
WEX: High-quality payment processor (fleet cards, HSAs, corporate payments) at just 9.7x 2026E P/E, 8.7x EV/EBITDA. Capital-light model w/ strong FCF & customer retention. Impactive Capital (7% owner) pushing for unit sales. Recent 10% tender offer signals mgmt confidence. Risks: economic sensitivity, sector disinterest, potential M&A despite deleveraging focus.
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