Buy Or Sell Opportunity • Jun 29
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.5% to €1.08. The fair value is estimated to be €1.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.3%. For the next 3 years, revenue is forecast to decline by 69% per annum. Earnings are forecast to grow by 56% per annum over the same time period. Buy Or Sell Opportunity • May 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to €1.22. The fair value is estimated to be €1.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.3%. For the next 3 years, revenue is forecast to decline by 75% per annum. Earnings are forecast to grow by 56% per annum over the same time period. Announcement • Apr 15
W.A.G Payment Solutions plc Proposes Special Dividend for the Financial Year Ended 2025, Payable on 22 July 2026 W.A.G payment solutions plc at the AGM to be held on 27 May 2026, the Board will propose to shareholders the payment of a special dividend of 1.5 pence per ordinary share for the financial year ended 2025. If approved, the recommended special dividend will be paid on 22 July 2026 to all shareholders who are on the register of members on 26 June 2026. The shares are expected to be marked ex-dividend on 25 June 2026. Announcement • Apr 14
W.A.G payment solutions plc, Annual General Meeting, May 27, 2026 W.A.G payment solutions plc, Annual General Meeting, May 27, 2026. Location: third floor east, albemarle house, 1 albemarle street, w1s 4ha, london United Kingdom Announcement • Jan 29
W.A.G Payment Solutions plc Updates Earnings Guidance for the Full Year Ended December 31, 2025 and Provides Earnings Guidance for the Year 2026 W.A.G payment solutions plc updated earnings guidance for the full year ended December 31, 2025 and 2026. For the year 2025, the company expects total net revenue to be approximately EUR 330 million (2024: EUR 292.5 million), representing 13% year-on-year growth, in-line with the 2025 guidance.
For the year 2026, the company expects low double-digit net revenue growth. Announcement • Jan 27
W.A.G payment solutions plc to Report Fiscal Year 2025 Results on Mar 05, 2026 W.A.G payment solutions plc announced that they will report fiscal year 2025 results on Mar 05, 2026 Announcement • Jan 23
W.A.G Payment Solutions plc Announces Appointment of Linda Myers as Non-Executive Director, Effective February 2, 2026 W.A.G payment solutions plc announced the appointment of Linda Myers as non-executive director to the board with effect from February 2, 2026. Linda Myers will join the Audit & Risk, Nomination & Governance, and Remuneration Committees. Linda Myers has over 25 years' experience in financial services as a former partner at Kirkland & Ellis LLP, where she sat on the global management committee, and is an experienced board director. She is a non-executive director of Gibraltar Industries Inc. and Marex PLC, both listed on NASDAQ, and of LCI Industries Inc, which is listed on the NYSE. She has significant experience on board committees including audit, remuneration, corporate governance and sustainability. Announcement • Sep 03
W.A.G payment solutions plc to Report First Half, 2026 Results on Sep 06, 2026 W.A.G payment solutions plc announced that they will report first half, 2026 results on Sep 06, 2026 Announcement • Sep 02
W.A.G payment solutions plc to Report Fiscal Year 2025 Results on Mar 25, 2026 W.A.G payment solutions plc announced that they will report fiscal year 2025 results on Mar 25, 2026 Announcement • Feb 21
W.A.G Payment Solutions plc Announces Sharon Baylay-Bell Steps Down from the Board As announced on 21 January 2025 and having served the requisite notice period, Sharon Baylay-Bell has on 21 February 2025 stepped down from the Board of W.A.G payment solutions plc. Announcement • Jan 22
W.A.G payment solutions plc, Annual General Meeting, May 22, 2025 W.A.G payment solutions plc, Annual General Meeting, May 22, 2025. Announcement • Jan 21
W.A.G. Payment Solutions Provides Revenue Guidance for Fourth Quarter and Year Ended December 31, 2024 and Full Year 2025 W.A.G. payment solutions provided Revenue Guidance for fourth quarter and year ended December 31, 2024 and Full Year 2025. For the Quarter, net revenue is expected to be around €76.4 million (2023: €72.8 million), representing a 4.9% year-on-year increase.
For the full year 2024, the company expected net revenue guidance to be around €292.0 million (2023: €256.5 million), representing 13.8% year-on-year growth, in-line with guidance and significantly ahead of the market growth with both toll mileage and PMI in Germany, Europe's largest market, flat to declining in 2024. Net revenue growth in the period would have been 9.7%, assuming a full year contribution from Inelo from 1 January 2023.
For the full year 2025, the company expected net revenue growth for Fiscal Year 2025 to grow low double-digits. Buy Or Sell Opportunity • Oct 25
Now 20% undervalued Over the last 90 days, the stock has risen 23% to €0.91. The fair value is estimated to be €1.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Oct 08
Now 22% undervalued Over the last 90 days, the stock has risen 16% to €0.85. The fair value is estimated to be €1.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Sep 20
Now 20% undervalued Over the last 90 days, the stock has risen 23% to €0.95. The fair value is estimated to be €1.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Sep 06
First half 2024 earnings released: EPS: €0.004 (vs €0.008 in 1H 2023) First half 2024 results: EPS: €0.004 (down from €0.008 in 1H 2023). Revenue: €1.15b (up 13% from 1H 2023). Net income: €2.43m (down 54% from 1H 2023). Profit margin: 0.2% (down from 0.5% in 1H 2023). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Diversified Financial industry in Germany. Buy Or Sell Opportunity • Jul 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to €0.73. The fair value is estimated to be €0.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.8% to €0.70. The fair value is estimated to be €0.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to €0.76. The fair value is estimated to be €0.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company became loss making. Announcement • May 18
W.A.G Payment Solutions plc Appoints Kevin Li Ying as a Director W.A.G payment solutions plc announced that at the annual general meeting held on 16 May 2024 approved the election of Kevin Li Ying as a Director. Buy Or Sell Opportunity • May 16
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to €0.78. The fair value is estimated to be €1.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 27
Full year 2023 earnings released Full year 2023 results: Revenue: €2.09b (down 12% from FY 2022). Net loss: €45.1m (down 372% from profit in FY 2022). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Germany. Announcement • Feb 09
W.A.G Payment Solutions plc Announces Board Changes W.A.G payment solutions plc announce the appointments of Kevin Li Ying and Sophie Krishnan as non executive directors to the Board with effect from 1 March 2024. Both Kevin and Sophie will join the Audit & Risk Committee and the Remuneration Committee. Kevin has over 20 years' experience in technology, most recently as Chief Technology Officer with Future Plc where he has helped transform the business from a traditional print publisher to a global online media platform. Over his career, Kevin has developed a strong understanding of the commercial levers and technology architecture that drive value. Kevin also serves as Executive Director and Board Member of GoCompare.com Ltd, the price comparison website for financials and non-financials products. The Company further announces that Susan Hooper will not seek re-election to the Board at the Company's Annual General Meeting ('AGM') on 16 May 2024 and will formally retire from the Board at the conclusion of the AGM. Announcement • Jan 18
W.A.G Payment Solutions plc Announces an Unaudited Revenue Guidance for the Fourth Quarter and Twelve Months Ended 31 December 2023 W.A.G payment solutions plc announced an unaudited revenue guidance for the fourth quarter and twelve months ended 31 December 2023. Net revenue for the fourth quarter is expected to be around €72 million and Organic revenue of €59 million.Net revenue for the full year is expected to be around €256 million (2022: €191 million), representing 34% year-on-year growth. This sustained growth is supported by organic growth from both new customers and the cross-selling of new capabilities, as well as the significant contribution of around €37 million from Inelo acquisition. Organic net revenue is expected to be around €218 million, representing 14% year-on-year growth, in-line with guidance announced at the half year results. Buying Opportunity • Jan 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.8%. The fair value is estimated to be €1.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last year. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings is also forecast to grow by 29% per annum over the same time period. Announcement • Nov 16
W.A.G payment solutions plc to Report Fiscal Year 2023 Results on Mar 26, 2024 W.A.G payment solutions plc announced that they will report fiscal year 2023 results on Mar 26, 2024 Announcement • Nov 15
W.A.G payment solutions plc to Report First Half, 2024 Results on Sep 05, 2024 W.A.G payment solutions plc announced that they will report first half, 2024 results on Sep 05, 2024 Reported Earnings • Sep 11
First half 2023 earnings released: EPS: €0.008 (vs €0.013 in 1H 2022) First half 2023 results: EPS: €0.008 (down from €0.013 in 1H 2022). Revenue: €1.02b (down 12% from 1H 2022). Net income: €5.25m (down 41% from 1H 2022). Profit margin: 0.5% (down from 0.8% in 1H 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Diversified Financial industry in Germany. Announcement • Jul 06
W.A.G payment solutions plc (LSE:WPS) exercised its call option to acquire an additional 18.01% stake in JITpay GmbH from founders, management and Volksbank eG Braunschweig Wolfsburg for €25.7 million. W.A.G payment solutions plc (LSE:WPS) exercised its call option to acquire an additional 18.01% stake in JITpay GmbH from founders, management and Volksbank eG Braunschweig Wolfsburg for €25.7 million on July 4, 2023. The consideration of €25.7 million, of which €6.5 million will be used as primary capital. For the 12 months ended December 31, 2022, JITPay had net interest income of €1.7million and gross assets of €29.4 million. The remaining 72% stake will continue to be held by existing shareholders. There are Call and Put arrangements in place that give Eurowag the option to acquire the remaining 72% stake of JITpay's share capital from 2025 onwards. The purchase of the additional 18.01% stake in JITpay will be funded from existing funds and the transaction is subject to customary closing conditions, including clearance by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), and is expected to complete in the first half of 2024. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: €0.024 (vs €0.015 in FY 2021) Full year 2022 results: EPS: €0.024 (up from €0.015 in FY 2021). Revenue: €2.37b (up 44% from FY 2021). Net income: €16.6m (up 82% from FY 2021). Profit margin: 0.7% (up from 0.6% in FY 2021). The increase in margin was driven by higher revenue. Announcement • Jan 19
W.A.G payment solutions plc Provides Revenue Guidance for Full Year Ended December 31, 2022 W.A.G payment solutions plc provided revenue guidance for full year ended December 31, 2022. Net revenue for the full year is expected to be at least €189 million (FY 2021: €153 million). This represents a year-on-year growth rate of approximately 24%, demonstrating the resilience of business model and the importance of mission critical solutions to the CRT industry, despite the challenging macroeconomic environment. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Founder, CEO & Director Martin Vohánka is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Oct 26
W.A.G payment solutions plc (LSE:WPS) reached an agreement to acquire 100% stake in Inelo Polska Sp. z o.o. from INNOVA/6 SCA SICAV-RAIF, European Telematics Holding SA SCA and certain other vendors for €306 million. W.A.G payment solutions plc (LSE:WPS) reached an agreement to acquire 100% stake in Inelo Polska Sp. z o.o. from INNOVA/6 SCA SICAV-RAIF, European Telematics Holding SA SCA and certain other vendors for €306 million on October 25, 2022. The consideration for the Proposed Acquisition is based on an enterprise value for Inelo of up to €306 million, made up of an agreed equity cash consideration of approximately €224 million and adjusted net debt of approximately €70 million, of which up to €58 million[1] of debt will be repaid. There is also a deferred consideration, based on Inelo's EBITDA performance in the year to 31 December 2022, capped at €12.5 million, which will (if applicable) become payable in 2023. The Proposed Acquisition will be financed by existing cash and debt resources following the refinancing of the Group's bank facilities announced on 22 September 2022. Inelo has a highly experienced management team led by Magdalena Magnuszewska as Chief Executive Officer and Mikolaj Chruszczewski as Chief Financial Offer. Magdalena and Mikolaj and their senior team will be joining Eurowag in senior management roles following completion of the Proposed Acquisition. The Proposed Acquisition is a Class 1 transaction for Eurowag under the Listing Rules of the Financial Conduct Authority. the shareholders of Eurowag to vote on a resolution to approve the Proposed Acquisition is expected to be posted to shareholders in December 2022. The Board intends to recommend that its shareholders vote in favor of the Resolution. Completion is conditional, amongst other things, on approval of the Circular by the FCA, Eurowag shareholder approval and the receipt of approval from relevant foreign direct investment regulatory bodies and antitrust authorities in Poland, Slovenia and North Macedonia. The Proposed Acquisition is expected to complete in the first quarter of 2023. Reported Earnings • Sep 09
First half 2022 earnings released: EPS: €0.013 (vs €0.015 in 1H 2021) First half 2022 results: EPS: €0.013. Revenue: €1.16b (up 48% from 1H 2021). Net income: €8.90m (up 2.8% from 1H 2021). Profit margin: 0.8% (down from 1.1% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Announcement • Sep 07
W.A.G payment solutions plc to Report First Half, 2022 Results on Sep 06, 2022 W.A.G payment solutions plc announced that they will report first half, 2022 results on Sep 06, 2022 Announcement • Jul 02
W.A.G payment solutions plc (LSE:WPS) completed the acquisition of Substantially all of the assets of WebEye Telematics Zrt. from WebEye Telematics Zrt. W.A.G payment solutions plc (LSE:WPS) signed an agreement to acquire Substantially all of the assets of WebEye Telematics Zrt. from WebEye Telematics Zrt. for €60.6 million on May 16, 2022.Out of €43.2 million initial consideration, €23.3 million of amount is payable upon closing of the acquisition of the non-Hungarian subsidiaries, and €19.9 million upon closing of the acquisition of the Hungarian subsidiaries. Eurowag will also pay a deferred settlement component within three years from completion of the transaction, a part of which is subject to the fulfilment of certain KPIs. The maximum consideration, including the deferred settlement component, is capped at €60.6 million. Completion of the transaction is anticipated in July 2022, subject to customary completion conditions including the new clearance from the Ministry of Innovation and Technology in Hungary. The prior approvals from the Hungarian Competition Authority and the Romanian Competition Council remain valid for this transaction.
W.A.G payment solutions plc (LSE:WPS) completed the acquisition of Substantially all of the assets of WebEye Telematics Zrt. from WebEye Telematics Zrt. on July 1, 2022. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Founder, CEO & Director Martin Vohanka is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Apr 17
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Founder, CEO & Director Martin Vohanka is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 02
W.A.G payment solutions plc, Annual General Meeting, May 26, 2022 W.A.G payment solutions plc, Annual General Meeting, May 26, 2022, at 13:00 Coordinated Universal Time. Location: Third Floor (East), Albemarle House, 1 Albemarle Street London United Kingdom Announcement • Mar 06
W.A.G payment solutions plc to Report Fiscal Year 2021 Results on Mar 24, 2022 W.A.G payment solutions plc announced that they will report fiscal year 2021 results at 7:00 AM, Coordinated Universal Time on Mar 24, 2022 Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 18% share price gain to €1.16, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 31x in the IT industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €0.86 per share. Announcement • Jan 18
W.A.G Payment Solutions plc Announces Earnings Guidance for the Year 2021 W.A.G payment solutions plc announced that trading has remained strong during the fourth quarter and the Group expects to deliver fiscal year 2021 net revenue of at least €152 million. This represents a growth rate of approximately 18% against the previous year, demonstrating continued delivery of the growth strategy set out at IPO. Based on the strength of 2021 performance, and the Group's outlook, the Board reaffirms its guidance of annual organic net revenue growth between high-teens and low-twenties. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €1.06, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 31x in the IT industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €0.94 per share. 
