One-glance verdict
Undervalued
$225.39 our estimate vs market $10.67
Wall Street consensus: $17.02 (-92.5% lower than our fair-value estimate)
95% below our estimate, below the bear case
Fundamentals snapshot
Wise Group plc
WSE · NMS · Technology · Information Technology Services
Current price
$10.67
52-week range
$10.36 - $17.47
Market cap
$10.32B
Balance sheet
Healthy
30.29x Strong cushion
Net cash $4.90B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
0 Risks
3 rewards · 0 risks
- Reward Revenue grew 43.1% last year.
- Reward Returns 27.2% on equity, ahead of 50% of its peers.
- Reward Free cash flow was positive in 4/10 years.
What this company does
Wise Group plc
Wise Group plc helps people and businesses send money around the world and convert currencies. The money they make mainly comes from charging small fees on these transactions, and this is important because it shows how much people trust Wise with their money transfers. They offer services for individuals, businesses, and even banks, making it easier and cheaper for everyone to manage money across borders.
How the company got here
Wise Group plc, originally known as TransferWise, was founded in 2010 by two Estonian friends, Taavet Hinrikus and Kristo Käärmann, who were frustrated by the high fees and poor exchange rates charged by traditional banks for international money transfers. They envisioned a fairer, more transparent way for people to move money across borders. The company officially launched its service in 2011, quickly gaining traction by offering significantly lower costs than its competitors. This customer-centric approach and disruptive model fueled rapid growth, leading to its rebranding as Wise in 2021 to reflect its expanded range of financial services beyond just money transfers. The company went public on the London Stock Exchange in 2021.
What it actually does
Wise provides a digital platform that allows individuals and businesses to send money internationally, convert currencies, and hold money in multiple currencies. Think of it like a digital wallet and a super-efficient international post office for your money. Instead of relying on traditional banks, which often add hidden fees and use unfavorable exchange rates, Wise offers a more transparent and cost-effective solution. They aim to make cross-border financial services as simple and affordable as domestic ones, allowing users to manage their money globally with ease.
Wise Account
The Wise Account is a digital account designed for individuals who frequently deal with different currencies. It allows users to hold money in over 50 currencies, send money to over 160 countries, and spend money internationally using a linked debit card. This product is a core offering, enabling customers to manage their global finances from a single place, avoiding the need for multiple bank accounts. It's a significant part of Wise's business, serving a large base of individual users who value convenience and cost savings for their international transactions.
Wise Business
Wise Business is tailored for small and medium-sized enterprises (SMEs) that operate internationally. It offers the same core functionalities as the Wise Account but includes additional features specifically for businesses, such as managing invoices, paying suppliers in different currencies, and integrating with accounting software. This segment helps businesses streamline their international operations by simplifying cross-border payments and currency management, reducing administrative burdens and costs. It represents a growing portion of Wise's revenue as more companies seek efficient global financial tools.
Wise Platform
Wise Platform is Wise's business-to-business (B2B) offering, where they partner with other financial institutions, banks, and large enterprises. Through Wise Platform, these partners can integrate Wise's payment infrastructure into their own services, enabling them to offer faster, cheaper, and more transparent international payment solutions to their customers. This segment allows Wise to scale its reach indirectly by empowering other companies to leverage its technology, acting as a wholesale provider of its innovative cross-border payment capabilities.
What management is betting on now
Wise's management is focused on expanding its product suite and deepening its customer relationships. A key priority is growing the Wise Account and Wise Business offerings, making them the go-to solution for everyday international spending and business operations. They are also investing in Wise Platform to further embed their technology within the global financial system, partnering with more institutions. The strategy aims to increase the average revenue per customer by encouraging more usage of Wise's various services, such as holding balances in multiple currencies and using the debit card for spending, thereby solidifying Wise's position as a comprehensive global financial platform.
Price history
How the share price has moved
—
Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2025 Q4
$5.68B
FY2026 Q4
$7.53B
Revenue
$1.89B
Net income
$498.70M
Diluted EPS
48.43
Operating cash flow
$7.55B
Free cash flow
$7.53B
Fetching…
Sources
Revenue
$1.55B
Net income
$550.30M
Diluted EPS
52.63
Operating cash flow
$5.72B
Free cash flow
$5.68B
Fetching…
Sources
Is it cheap or expensive?
Fair value $225.39 vs current price $10.67
Wall Street consensus is the average analyst price target: $17.02 (-92.5% lower than our fair-value estimate).
Our most-likely fair value is $225.39 a share — about 2,012.4% above today's price of $10.67, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Healthy
Net cash $4.9B - more cash than debt. Interest coverage 30.3x.
Net debt
$-4.90B
Interest coverage
30.29x
Wise Group plc's profit covers its interest bill about 30.3 times over. which is stronger than every peer shown here.
Healthy
Worse cushion
Baseline
Better cushion
WSE
BASELINE
Wise Group plc
Total debt $483.70M Interest coverage 30.29x This is the baseline the peer rows are being compared against.
Total debt $4.62B Interest coverage 9.32x -69% vs WSE Carries about 3.3x less debt cushion than WSE.
Total debt $243.97M Interest coverage 6.48x -79% vs WSE Carries about 4.7x less debt cushion than WSE.
Total debt $597.77M Interest coverage 18.74x -38% vs WSE Carries about 1.6x less debt cushion than WSE.
Total debt $1.46B Interest coverage 2.50x -92% vs WSE Carries about 12.1x less debt cushion than WSE.
What you should know
The case for and against WSE
3 Rewards
0 Risks
Rewards
-
Revenue grew 43.1% last year.
-
Returns 27.2% on equity, ahead of 50% of its peers.
-
Free cash flow was positive in 4/10 years.
Risks
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
22.23x
Forward P/E
15.20x
P/B
5.68x
P/S
4.12x
EV/EBITDA
5.32x
PEG ratio
4.33x
Profitability
How much profit each dollar creates
Gross margin
84.2%
Operating margin
59.8%
Net margin
19.9%
ROE
27.2%
ROA
2.4%
Health
Liquidity and balance-sheet strength
Debt / equity
0.25x
Current ratio
1.07x
Quick ratio
0.19x
Total debt
$483.70M
Total cash
$5.39B
Growth
How the business has been compounding
Revenue TTM
$1.89B
Revenue 5Y CAGR
43.1%
EPS TTM
0.48
EPS 5Y CAGR
52.9%
Cash flow
How much cash the business throws off
Operating CF TTM
$7.55B
Free CF TTM
$7.53B
FCF margin
397.8%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
—