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:
113.00 p
▲(2.73% 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
Cash generation
Sustained improvement in operating and free cash flow across 2024–2025 shows better cash conversion and internal funding capacity. Durable cash generation supports reinvestment, working capital needs, and debt paydown over months, reducing dependency on external financing.
Negative Factors
Elevated leverage
Debt levels above equity constrain financial flexibility and leave limited cushion against operational shocks. Elevated leverage increases refinancing and interest risks and can limit investment or strategic moves in the 2–6 month horizon if operating performance weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained improvement in operating and free cash flow across 2024–2025 shows better cash conversion and internal funding capacity. Durable cash generation supports reinvestment, working capital needs, and debt paydown over months, reducing dependency on external financing.
Read all positive factors
WAG Payment Solutions Plc (EWG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£754.75M
Dividend YieldN/A
Average Volume (3M)2.51M
Price to Earnings (P/E)413.3
Beta (1Y)0.17
Revenue Growth-0.85%
EPS GrowthN/A
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
£132.67Price Target Upside20.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.08
Revenue Forecast (FY)£363.29M
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
110.00
Price Trends
114.28
Negative
109.38
Negative
100.34
Positive
Market Momentum
-1.43
Negative
51.36
Neutral
79.40
Neutral
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 110 is above the 20-day moving average (MA) of 105.29, below the 50-day MA of 114.28, and above the 200-day MA of 100.34, indicating a neutral trend. The MACD of -1.43 indicates Negative momentum. The RSI at 51.36 is Neutral, neither overbought nor oversold. The STOCH value of 79.40 is Neutral, 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 | £155.07M | 6.83 | 104.64% | 7.02% | -4.35% | 5.34% | |
69 Neutral | £46.23M | -5.27 | -9.07% | ― | 6.40% | 70.78% | |
68 Neutral | £499.41M | 66.92 | 9.64% | ― | 22.19% | 78.35% | |
64 Neutral | £353.12M | 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 | £754.75M | 413.34 | 3.98% | ― | -0.85% | ― | |
56 Neutral | £35.14M | -11.38 | 31.19% | ― | 25.15% | ― |
* Technology Sector Average
GB:EWG
WAG Payment Solutions Plc
109.00
45.25
70.98%
GB:BGO
Bango plc
60.00
-13.50
-18.37%
GB:PAY
Paypoint
581.00
-6.15
-1.05%
GB:PCIP
PCI PAL
48.50
3.00
6.59%
GB:BOKU
BOKU
168.00
11.00
7.01%
GB:FNX
Fonix Mobile PLC
156.50
-21.15
-11.90%
WAG Payment Solutions Plc Corporate Events
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...
Business Operations and StrategyExecutive/Board Changes
Eurowag Strengthens Board with Appointment of Independent Non-Executive Director Linda Myers
Positive
Jan 22, 2026
W.A.G Payment Solutions plc, known as Eurowag, has appointed Linda Myers as a non-executive director effective 2 February 2026, adding her to its Audit Risk, Nomination Governance, and Remuneration Committees. Myers brings more than 25 years of ...
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.