- Wise reports a total transaction volume of GBP33.2 billion for the first quarter, surpassing the estimate of GBP32.24 billion.
- Personal transaction volume hits GBP24.5 billion, higher than the estimated GBP24.01 billion.
- The number of personal customers reaches 7.96 million, slightly below the estimate of 8.11 million.
- The company has 412,000 business customers, falling short of the estimated 423,751.
- Business transaction volume records GBP8.7 billion, above the expected GBP8.43 billion.
- Total customer base stands at 8.37 million, just under the forecasted 8.44 million.
- Wise forecasts underlying income growth of 15% to 20% for the year 2025.
- The company reports an underlying income of £325.4 million for Q1, marking a 22% year-over-year increase.
- Focus remains on long-term growth opportunities in cross-border volumes with a target profit before tax margin of 13-16%.
- Volume growth in Q1 is attributed to the increasing number of active customers.
- Expectation of strong growth in FY25 with underlying income projected to rise 15-20% over FY24.
- Analyst recommendations include 13 buys, 5 holds, and 2 sells.
A look at Wise PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Wise PLC shows a promising long-term outlook. With a high Growth score of 5, the company is expected to experience strong expansion and development in the future. Additionally, the Resilience score of 5 indicates that Wise PLC is well-positioned to withstand market challenges and economic downturns, providing a stable foundation for continued success. Despite a lower Value score of 2, the overall positive momentum of the company, as reflected in its score of 2, suggests growing investor interest and potential for future growth.
Wise PLC, a company that specializes in designing and developing software solutions for international multi-currency money transfers, has received favorable ratings in key areas. While the Dividend score is on the lower end at 1, indicating a lower focus on dividend payouts, the strong emphasis on Growth and Resilience with scores of 5 each highlights the company’s potential for sustained expansion and ability to navigate through challenging market conditions. Investors may view Wise PLC as a growth-oriented and resilient company with a positive trajectory for the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
