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Wise PLC
LSE:WISE

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Wise PLC
LSE:WISE
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Price: 1 037 GBX 0.58% Market Closed
Market Cap: 10.9B GBX
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Wise PLC
Tax Provision

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Wise PLC
Tax Provision Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Tax Provision CAGR 3Y CAGR 5Y CAGR 10Y
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Wise PLC
LSE:WISE
Tax Provision
-ÂŁ126.8m
CAGR 3-Years
-132%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Paysafe Ltd
NYSE:PSFE
Tax Provision
-$40.8m
CAGR 3-Years
N/A
CAGR 5-Years
-49%
CAGR 10-Years
N/A
Capita PLC
LSE:CPI
Tax Provision
-ÂŁ64.3m
CAGR 3-Years
N/A
CAGR 5-Years
-18%
CAGR 10-Years
-4%
PayPoint plc
LSE:PAY
Tax Provision
-ÂŁ12.5m
CAGR 3-Years
-40%
CAGR 5-Years
-4%
CAGR 10-Years
N/A
Equals Group PLC
LSE:EQLS
Tax Provision
-ÂŁ1.7m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
W
WAG Payment Solutions PLC
LSE:WPS
Tax Provision
-€4.2m
CAGR 3-Years
10%
CAGR 5-Years
0%
CAGR 10-Years
N/A
No Stocks Found

Wise PLC
Glance View

Market Cap
10.9B GBX
Industry
Technology

In the realm of financial services, Wise PLC has emerged as a ubiquitous entity, reshaping the landscape of international money transfers with a transparent and cost-effective approach. Founded in 2011 by Taavet Hinrikus and Kristo Käärmann, two Estonian entrepreneurs frustrated by the hidden fees and poor exchange rates of traditional banks, Wise was born out of a desire for a more egalitarian system. They developed a peer-to-peer platform that bypassed conventional banking methods, allowing users to transfer money across borders using real exchange rates without hefty hidden fees. By leveraging local bank accounts in numerous countries, Wise ingeniously matches transfers through a decentralized and nimble network, eliminating the need for physical movement of currency, which traditionally led to costly intermediaries and marked-up rates. Wise's revenue model ingeniously aligns with its mission of transparency and fairness. Instead of profiting from the exchange rate spread, as banks typically do, the company charges a modest, upfront transfer fee that is clearly communicated to its users. This fee structure underpins Wise's financial health by drawing income from a high-volume, low-margin strategy. As the company scales, it benefits from economies of scale, enhancing its operational efficiency the more it grows. Through this disciplined model, Wise has gradually expanded its suite of services, including borderless multi-currency accounts and debit cards, opening new revenue streams while continuously reinforcing its foundational ethos of making money transfers fast, fair, and convenient for millions of users worldwide.

WISE Intrinsic Value
1 207.43 GBX
Undervaluation 14%
Intrinsic Value
Price
W

See Also

What is Wise PLC's Tax Provision?
Tax Provision
-126.8m GBP

Based on the financial report for Mar 31, 2024, Wise PLC's Tax Provision amounts to -126.8m GBP.

What is Wise PLC's Tax Provision growth rate?
Tax Provision CAGR 3Y
-132%

Over the last year, the Tax Provision growth was -290%. The average annual Tax Provision growth rates for Wise PLC have been -132% over the past three years .

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