WAG Payment Solutions Plc (GB:EWG)
LSE:EWG
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WAG Payment Solutions Plc
(LSE:EWG)
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Rating:57Neutral
Price Target:
125.00 p
▲(3.31% Upside)
Action:ReiteratedDate:03/26/26
Overall score is driven primarily by a mixed financial profile: strong recent operating and free cash flow improvement offsets thin/volatile profitability and elevated leverage. Technicals are neutral with a negative MACD, and valuation is moderate (P/E ~20) with no dividend yield provided.
Positive Factors
Improved cash generation
The company’s operating cash flow and free cash flow strengthened materially in 2024–2025, producing durable internal funding. Strong FCF supports investment, working capital and gradual deleveraging, reducing reliance on external financing and improving long-term resilience.
Negative Factors
Elevated leverage
Debt exceeding equity in 2023–2024 and only modest deleveraging into 2025 leaves limited balance sheet cushion. Elevated leverage raises refinancing and interest-rate risks, constrains strategic flexibility and amplifies downside if operating performance slips over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
The company’s operating cash flow and free cash flow strengthened materially in 2024–2025, producing durable internal funding. Strong FCF supports investment, working capital and gradual deleveraging, reducing reliance on external financing and improving long-term resilience.
Read all positive factors
WAG Payment Solutions Plc (EWG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£817.07M
Dividend YieldN/A
Average Volume (3M)2.51M
Price to Earnings (P/E)413.3
Beta (1Y)0.26
Revenue Growth4.39%
EPS Growth-33.33%
CountryUK
Employees1,900
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.02
Shares Outstanding692,428,160
10 Day Avg. Volume470,372
30 Day Avg. Volume2,513,010
Financial Highlights & Ratios
PEG Ratio-16.12
Price to Book (P/B)3.42
Price to Sales (P/S)0.37
P/FCF Ratio6.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£137.00Price Target Upside13.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.07
Revenue Forecast (FY)£364.76M
WAG Payment Solutions Plc Business Overview & Revenue Model
Company Description
W.A.G payment solutions plc operates integrated payments and mobility platform that focuses on the commercial road transportation industry in Europe. It offers fuel and energy services, such as acceptance network, standard fuels, alternative fuels...
How the Company Makes Money
null...
WAG Payment Solutions Plc Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
46
Neutral
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.27B | 2.24B | 2.09B | 2.37B | 1.65B |
| Gross Profit | 324.14M | 292.54M | 256.53M | 123.64M | 97.47M |
| EBITDA | 122.18M | 101.13M | 38.01M | 49.52M | 32.84M |
| Net Income | 2.01M | 2.70M | -45.64M | 16.63M | 9.15M |
Balance Sheet | |||||
| Total Assets | 1.12B | 1.12B | 1.14B | 915.41M | 802.86M |
| Cash, Cash Equivalents and Short-Term Investments | 116.67M | 107.43M | 93.77M | 149.85M | 226.86M |
| Total Debt | 351.15M | 402.21M | 429.44M | 156.58M | 171.05M |
| Total Liabilities | 877.91M | 854.47M | 881.50M | 598.85M | 518.11M |
| Stockholders Equity | 243.53M | 261.94M | 256.45M | 312.28M | 275.86M |
Cash Flow | |||||
| Free Cash Flow | 128.19M | 82.78M | -19.10M | 36.97M | -14.79M |
| Operating Cash Flow | 142.94M | 128.95M | 30.92M | 44.24M | -9.57M |
| Investing Cash Flow | -54.98M | -55.54M | -333.72M | -104.29M | -43.08M |
| Financing Cash Flow | -79.84M | -56.14M | 247.14M | -18.18M | 187.78M |
WAG Payment Solutions Plc Technical Analysis
Positive
121.00
Price Trends
112.32
Positive
111.35
Positive
101.70
Positive
Market Momentum
2.33
Negative
65.85
Neutral
80.27
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:EWG, the sentiment is Positive. The current price of 121 is above the 20-day moving average (MA) of 109.81, above the 50-day MA of 112.32, and above the 200-day MA of 101.70, indicating a bullish trend. The MACD of 2.33 indicates Negative momentum. The RSI at 65.85 is Neutral, neither overbought nor oversold. The STOCH value of 80.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:EWG.
WAG Payment Solutions Plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £174.40M | 6.83 | 104.64% | 7.02% | 1.57% | 1.80% | |
68 Neutral | £543.33M | 66.92 | 6.99% | ― | 25.86% | 225.77% | |
64 Neutral | £378.92M | 8.32 | 17.25% | 20.30% | 1.58% | -57.55% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | £817.07M | 413.34 | 3.98% | ― | 4.39% | -33.33% | |
56 Neutral | £36.95M | -11.38 | 31.19% | ― | 17.23% | 29.17% | |
53 Neutral | £59.72M | -5.27 | -10.96% | ― | 6.41% | 70.78% |
* Technology Sector Average
GB:EWG
WAG Payment Solutions Plc
114.40
56.64
98.06%
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WAG Payment Solutions Plc Corporate Events
Other
Eurowag Director Linda Myers Increases Stake With Share Purchase
Positive
Apr 23, 2026
Eurowag disclosed that director Linda Myers purchased 59,238 ordinary shares in the company on 21 April 2026. The transaction, executed on the London Stock Exchange at a price of £1.178661 per share, increases her equity stake and signals man...
DividendsFinancial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Eurowag Publishes 2025 Annual Report and Proposes Special Dividend Ahead of 2026 AGM
Positive
Apr 13, 2026
W.A.G payment solutions plc, which trades as Eurowag, has published its Annual Report and Accounts for the year ended 31 December 2025 and released the notice convening its 2026 Annual General Meeting on its website, in line with UK listing and tr...
Other
Eurowag Director Increases Stake with London Stock Exchange Share Purchase
Positive
Mar 31, 2026
W.A.G payment solutions plc, known as Eurowag, operates at the intersection of fintech and mobility, focusing on services for commercial road transport operators across Europe. Its platform connects key operational elements before, during and afte...
Other
Eurowag Director Mirjana Blume Buys Shares on London Stock Exchange
Positive
Mar 30, 2026
W.A.G payment solutions plc, known as Eurowag, disclosed a transaction by board director Mirjana Blume involving the purchase of 27,000 ordinary shares. The shares, each with a nominal value of one penny and ISIN GB00BLGXWY71, were acquired on 25 ...
Business Operations and StrategyFinancial Disclosures
Eurowag Posts Double-Digit Revenue Growth as New Digital Platform Gains Traction
Positive
Mar 25, 2026
Eurowag reported double-digit net revenue growth and solid profitability for 2025, underpinned by the launch of its Eurowag Office platform, which now integrates most of its core fuel, toll, fleet management and financial services into a single di...
Business Operations and Strategy
Eurowag Adds Investec as Joint Corporate Broker to Bolster Market Reach
Positive
Mar 13, 2026
Eurowag has appointed Investec Bank as a joint corporate broker alongside existing adviser Peel Hunt, effective immediately, in a move that broadens its capital markets advisory support. The addition of a second broker is likely aimed at strengthe...
Business Operations and StrategyFinancial Disclosures
Eurowag Expects 2025 Earnings to Beat Cash EBITDA Guidance Amid Platform Migration Drive
Positive
Jan 27, 2026
Eurowag reported strong unaudited results for 2025, with net revenue expected to rise about 13% year on year to roughly €330m, an adjusted EBITDA margin in line with guidance, and adjusted cash EBITDA set to exceed its ~€95m target. Th...
Business Operations and StrategyFinancial Disclosures
Eurowag Expects 2025 Cash EBITDA to Beat Guidance as Digital Platform Rollout Advances
Positive
Jan 27, 2026
Eurowag reported strong unaudited results for 2025, with net revenue expected to rise around 13% year-on-year to approximately €330m, in line with guidance, and adjusted cash EBITDA anticipated to come in above its previously communicated ta...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.