Wise Group plc
WSEdata completeness 100%3 fiscal years on fileData notes: no data for concept 'interestExpense'
Wise Group plc earns about 34% on equity, far above its ~9% cost of capital, with a roughly flat share count — a real edge showing up in the numbers. The estimate methods put fair value between $5.05 and $132.78 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Revenue | $1.32B1 | $1.55B1 | $1.89B1 |
| Net income | $501.5M2 | $550.3M2 | $498.7M2 |
| Operating cash flow | $4.08B3 | $5.72B3 | $7.55B3 |
| Capital expenditure | $13.4M4 | $44.1M4 | $19.6M4 |
| Free cash flow (derived) | $4.06B3 | $5.68B3 | $7.53B3 |
| Total debt | — | $128.4M5 | $334.7M5 |
| Cash & equivalents | $13.2B6 | $18.1B7 | $27.8B7 |
| Diluted shares | 1.05B | 1.05B | 1.03B |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $18.7 of net worth that earned you $4.84 and generated $73.17 of cash last year, against $3.25 of debt.
It earned about 34% on equity, year after year, against a ~9% cost of capital — the footprint of real pricing power. Competition usually drags returns like this back down; here it hasn't.
seeing a moat in the numbers →Share count is roughly flat over 3 years — little dilution, little buyback. Total debt has risen 161% over the same window.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $5.05 and $132.78 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth5.0%
- fcfBase$5.68B
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth5.0%
- fcfBase$5.68B
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$501.5M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $105.43 |
| Base | 5.0% | $124.49 |
| Bull | 10.0% | $147.29 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 5.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
- 20-F · period ending 2024-03-31 · accession 0001193125-26-282911 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 20-F · period ending 2024-03-31 · accession 0001193125-26-282911 (NetIncomeLoss)
- 20-F · period ending 2024-03-31 · accession 0001193125-26-282911 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2024-03-31 · accession 0001193125-26-282911 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2025-03-31 · accession 0001193125-26-282911 (LongTermDebtNoncurrent)
- 20-F · period ending 2024-03-31 · accession 0001193125-26-282911 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 20-F · period ending 2025-03-31 · accession 0001193125-26-282911 (CashAndCashEquivalentsAtCarryingValue)