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W.A.G payment solutions plc (EWG) Fair Value & Analysis

Technology · GB · Market cap 729M GBX

WA W.A.G payment solutions plc EWG · LSE
Price£1.08
Fair Value£0.2200
Upside-79.7%
Quality56/100
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Healthy Growth
Thin margins · 0.1% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (6/13)
Narrow moat 29/100
Evidence: High Range £0.2200 – £0.2200 Share as image

Fair value as of: Jul 14, 2026

From 13 valuation models · updated 26 days ago

Share price +4.4% over the past month.

A solid business, but screening 80% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (£0.2200). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

£1.45 £0.5566 Fair Value £0.2200 Oct 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

58‑month range £0.5566 – £1.45 · the £1.08 price screens above the £0.2200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

W.A.G payment solutions plc (EWG) currently trades at £1.08, while our model-based Fair Value estimate is £0.2200, implying the stock looks roughly 79.7% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, W.A.G payment solutions plc generated revenue of £2.3B at a net margin of 0.1%. Revenue grew 5.5% year over year. It earns a return on equity of 0.9%. Net debt stands at £234M. Fundamentals as of Jul 14, 2026

For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -80%, EWG screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF £1.58 £2.27 £3.14 80
Residual Income £0.2300 £0.2100 £0.1400 76
Rev-Margin DCF £0.9600 £1.46 £2.04 74
All 13 models by family
DCF Models
Owner Earnings £0.5300 £0.8400 £1.27 31
5Y P/E Exit £0.5400 £0.6400 £0.7200 38
10Y P/E Exit £0.9500 £1.14 £1.33 35
Earnings-Based
Graham-Dodd £0.0200 £0.0600 £0.0800 54
Lynch FV £0.0100 £0.0200 £0.0300 50
Dividend Discount
Gordon GGM £0.2700 £0.4800 £0.6600 70
DDM Multi-Stage £0.2700 £0.4200 £0.5100 61
Multiples
P/E Multiple £0.0300 £0.0400 £0.0500 63
P/B Multiple £0.0400 £0.0500 £0.0600 55
Asset-Based
NCAV (Graham) £0.1800 £0.2300 £0.3500 50
Growth DCF
Growth DCF £1.58 £2.27 £3.14 80
Rev-Margin DCF £0.9600 £1.46 £2.04 74
Economic Profit
Residual Income £0.2300 £0.2100 £0.1400 76

Widest divergence: Growth DCF (£1.46) versus Earnings-Based (£0.0200). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.3B GBX
Revenue growth (YoY) +5.5%
Net margin 0.1%
Return on equity 0.9%
Free cash flow 128M GBX FY2025
Operating margin 4.5%
More key figures
EPS growth (YoY) +334%
Net debt 234M GBX FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 54 · Market factors (momentum, volatility) 58

Profitability 41
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 76
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

W.A.G payment solutions plc develops and sells integrated digital platform, payment, mobility, and financial solutions for the commercial road transport (CRT) industry in Europe. It operates through two segments: Payment Solutions and Mobility Solutions.

Full company description

W.A.G payment solutions plc develops and sells integrated digital platform, payment, mobility, and financial solutions for the commercial road transport (CRT) industry in Europe. It operates through two segments: Payment Solutions and Mobility Solutions. The Payment Solutions segment offers energy payment solutions, and toll payment solutions for conventional fuels, alternative energy, eMobility, and acceptance networks. The Mobility Solutions segment offers fleet management solutions through performance telematics hardware and integrated software platform, providing navigation, vehicle and load tracking, including driver work time management; transport management; tax refund services, and financial services, through integrated fintech, insurance, eWallet, FX services and payment cards. The company offers road services, such as parking, truck wash, tank cleaning, and repairs. The company was founded in 1995 and is based in London, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

W.A.G payment solutions plc reported revenue of £2.3B in FY2025 versus £1.6B in FY2021, a compound +8.3%/yr. Reported net income was £2.0M in FY2025, compounding −31.5%/yr from FY2021.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
£2.3B
Latest YoY
+1.3%
Avg. growth/yr (3Y)
−1.5%
Avg. growth/yr (5Y)
+12.6%
Avg. growth/yr (7Y)
+13.7%
Revenue +8.3%/yr
FY21 £1.6B
FY22 £2.4B
FY23 £2.1B
FY24 £2.2B
FY25 £2.3B
Net income −31.5%/yr
FY21 £9.1M
FY22 £16.6M
FY23 −£45.6M
FY24 £2.7M
FY25 £2.0M

EWG screens 80% overvalued. Compare with Microsoft Corporation →

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Cite: Fair Value Calculator (2026). "W.A.G payment solutions plc Fair Value". https://www.fairvalue-calculator.com/stock/EWG

Peer Group

Software - Infrastructure · 368 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 54 · Above median
Fair Value upside −80% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 4% · Above median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 4% · Above median
Revenue growth 6% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.96× · Higher than 75% of peers

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/B 4.04× · Pricier than median
P/S (TTM) 0.43× · Cheaper than 75% of peers
P/FCF 7.7× · Cheaper than median
EV/EBITDA 11.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 28 · sector 46
PAST 3 · sector 15
HEALTH 52 · sector 99
DIVIDEND 0 · sector 28

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

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Frequently asked questions

Is W.A.G payment solutions plc (EWG) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of £0.2200 versus a price of £1.08, about −80% (overvalued).
What is the fair value of EWG?
Our model-based fair value for W.A.G payment solutions plc is £0.2200 (as of Jul 14, 2026), built from audited fundamentals. The current price is £1.08.
What is the quality score of EWG?
W.A.G payment solutions plc has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of W.A.G payment solutions plc (EWG)?
W.A.G payment solutions plc reported trailing-twelve-month revenue of about £2.3B (latest available figure, as of Jul 14, 2026).
What is the net profit margin of EWG?
The net profit margin of W.A.G payment solutions plc is about 0.1%, meaning it keeps roughly 0.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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