W.A.G payment solutions plc

LSE:EWG Stock Report

Market Cap: UK£630.7m

W.A.G payment solutions Valuation

Is EWG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EWG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

UK£0.83
Fair Value
10.3% overvalued intrinsic discount
9
Number of Analysts

Below Fair Value: EWG (£0.91) is trading above our estimate of fair value (£0.83)

Significantly Below Fair Value: EWG is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EWG?

Key metric: As EWG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for EWG. This is calculated by dividing EWG's market cap by their current earnings.
What is EWG's PE Ratio?
PE Ratio67x
Earnings€10.81m
Market Cap€724.39m

Price to Earnings Ratio vs Peers

How does EWG's PE Ratio compare to its peers?

The above table shows the PE ratio for EWG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34x
BOKU Boku
69.5x25.35%UK£686.9m
PAY PayPoint
27.1x43.49%UK£520.9m
FNX Fonix
18xn/aUK£200.2m
CABP CAB Payments Holdings
21.4x31.44%UK£134.5m
EWG W.A.G payment solutions
67x49.05%UK£630.7m

Price-To-Earnings vs Peers: EWG is expensive based on its Price-To-Earnings Ratio (67x) compared to the peer average (34x).

Price to Earnings Ratio vs Industry

How does EWG's PE Ratio compare vs other companies in the GB Diversified Financial Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NBS Nationwide Building Society
0.5xn/aUS$1.60b
VCAP Vector Capital
4xn/aUS$5.97m
LEND Sancus Lending Group
3.3xn/aUS$3.47m
No more companies available in this PE range
EWG 67.0xIndustry Avg. 16.0xNo. of Companies4PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EWG is expensive based on its Price-To-Earnings Ratio (67x) compared to the European Diversified Financial industry average (16x).

Price to Earnings Ratio vs Fair Ratio

What is EWG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EWG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio67x
Fair PE Ratio26.7x

Price-To-Earnings vs Fair Ratio: EWG is expensive based on its Price-To-Earnings Ratio (67x) compared to the estimated Fair Price-To-Earnings Ratio (26.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst EWG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.91
UK£1.18
+28.75%
6.88%UK£1.35UK£1.09n/a9
Sep ’26UK£1.01
UK£1.13
+12.64%
11.39%UK£1.35UK£0.89n/a9
Aug ’26UK£0.82
UK£1.16
+41.87%
11.43%UK£1.37UK£0.90n/a9
Jul ’26UK£0.88
UK£1.17
+33.12%
11.54%UK£1.34UK£0.92n/a10
Jun ’26UK£0.70
UK£1.14
+62.57%
11.34%UK£1.32UK£0.91n/a10
May ’26UK£0.60
UK£1.18
+97.25%
11.01%UK£1.35UK£0.93n/a10
Apr ’26UK£0.60
UK£1.15
+89.91%
11.43%UK£1.35UK£0.90n/a10
Mar ’26UK£0.60
UK£1.15
+91.52%
9.06%UK£1.33UK£0.97n/a10
Feb ’26UK£0.76
UK£1.17
+54.86%
9.46%UK£1.35UK£0.98n/a9
Jan ’26UK£0.80
UK£1.20
+49.62%
7.95%UK£1.35UK£1.03n/a9
Dec ’25UK£0.81
UK£1.17
+44.94%
12.63%UK£1.35UK£0.84n/a9
Nov ’25UK£0.81
UK£1.19
+47.01%
13.02%UK£1.36UK£0.84n/a9
Oct ’25UK£0.80
UK£1.18
+47.13%
12.26%UK£1.33UK£0.84UK£0.949
Sep ’25UK£0.68
UK£1.22
+79.67%
11.40%UK£1.37UK£0.92UK£1.019
Aug ’25UK£0.68
UK£1.21
+78.31%
11.38%UK£1.36UK£0.91UK£0.829
Jul ’25UK£0.63
UK£1.22
+93.03%
11.88%UK£1.41UK£0.91UK£0.889
Jun ’25UK£0.70
UK£1.23
+75.90%
12.57%UK£1.39UK£0.90UK£0.709
May ’25UK£0.67
UK£1.25
+87.20%
12.16%UK£1.39UK£0.91UK£0.609
Apr ’25UK£0.67
UK£1.26
+88.74%
12.72%UK£1.45UK£0.91UK£0.609
Mar ’25UK£0.78
UK£1.29
+65.86%
8.69%UK£1.45UK£1.11UK£0.609
Feb ’25UK£0.85
UK£1.29
+52.23%
9.09%UK£1.48UK£1.10UK£0.769
Jan ’25UK£0.90
UK£1.34
+48.57%
8.45%UK£1.48UK£1.18UK£0.807
Dec ’24UK£0.90
UK£1.36
+51.25%
7.67%UK£1.51UK£1.20UK£0.817
Nov ’24UK£0.91
UK£1.36
+48.93%
7.67%UK£1.51UK£1.20UK£0.817
Oct ’24UK£0.92
UK£1.40
+52.70%
13.06%UK£1.80UK£1.21UK£0.807
UK£1.18
Fair Value
22.3% undervalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/05 06:34
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

W.A.G payment solutions plc is covered by 16 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alexander James ShortBerenberg
Kurran AujlaBerenberg
Pavan DaswaniCitigroup Inc