Wright Express Corp. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis

April 2024 | 50 pages | ID: W7B36AB2E22BEN
BAC Reports

Abstracts

Wright Express Corp. Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between Wright Express Corp. and its competitors. This provides our Clients with a clear understanding of Wright Express Corp. position in the Software and Technology Services Industry.

• The report contains detailed information about Wright Express Corp. that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
• Another part of the report is a SWOT-analysis carried out for Wright Express Corp.. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
• The Wright Express Corp. financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
• In the part that describes Wright Express Corp. competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
• Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of Wright Express Corp. business.

About Wright Express Corp.

Wright Express Corporation provides payment processing and information management services to the United States commercial and government vehicle fleet industry. The company provides its services in the United States, Canada, New Zealand, Australia, and Europe. The company markets its services directly, as well as through approximately 150 strategic relationships, which include oil companies, fuel retailers, and vehicle maintenance providers. The company also offers a MasterCard-branded corporate card.

The company's wholly owned banking subsidiary, Wright Express Financial Services Corporation approves the customer applications, issues the card and owns the customer relationships for most of its fuel and maintenance programs and offers MasterCard-branded corporate payment solution.

In addition, the company owns TelaPoint, Inc. (TelaPoint), a provider of browser-based supply chain software solutions for bulk petroleum distributors, retailers and fleets. The company owns Pacific Pride Services, LLC (Pacific Pride), an independent fuel distributor franchisee network, encompassing approximately 325 independent fuel franchisees. The company also owns Financial Automation Limited, a provider of fuel card processing software solutions located in New Zealand.

Segments

The company operates in two segments: Fleet and MasterCard.

FLEET SEGMENT

The Fleet segment provides customers with payment and transaction processing services specifically designed for the needs of vehicle fleet customers. This segment also provides information management services to these fleet customers.

Payment processing

In a payment processing transaction the company pays the purchase price for the fleet customer’s transaction, less the payment processing fees it retains, to the fuel or vehicle maintenance provider, and collects the total purchase price from the fleet customer, most often with in one month from the billing date.

Transaction processing

The company processed approximately 56 million transaction processing transactions in 2009.

Account management

The company provides the following account management services:

Customer service, account activation, and account retention: The company offers customer service, account activation and account retention services to fleets, strategic relationships and the fuel and vehicle maintenance providers on its network. The company’s services include promoting the adoption and use of its products and programs and account retention programs.

Authorization and billing inquiries and account maintenance: The company handles authorization and billing questions, account changes and other issues for fleets through its customer contact center. Fleet customers also have self service options available to them through WEXOnline.

Premium fleet services: The company assigns designated account managers to businesses and government agencies with fleets.

Credit and collections services: The company has developed proprietary account approval, credit management and fraud detection programs. The company also uses a credit line maintenance model to manage ongoing accounts, which allows the company to predict the likelihood of account delinquency over an on-going 18 month time horizon. The company also employs fraud specialists who monitor, alert and provide case management expertise to minimize losses and reduce program abuse.

Merchant services: The company’s representatives work with fuel and vehicle maintenance providers to enroll them in its network, certify all network and terminal software and hardware, and train them on its sale, transaction authorization and settlement processes.

Information management

The company provides standard and customized information to customers through monthly vehicle analysis reports, custom reports and its Website, WEXOnline. The company also alerts the customer to any unusual transactions or transactions that fall outside of pre-established parameters. Customers can access their account information, including account history and recent transactions, and download the details. In addition, through WEXOnline, fleet managers can elect to be notified by email when limits are exceeded in specified purchase categories, including limits on transactions with in a time range and gallons per day.

MASTERCARD SEGMENT

The MasterCard segment provides customers with a payment processing solution for their corporate purchasing and transaction monitoring needs.

Corporate charge card

The company’s corporate MasterCard charge card product provides commercial travel and entertainment and purchase capabilities to businesses in industries that can utilize its information management functionality. The MasterCard product can be sold jointly with the fleet card product to offer a total corporate payment solution to companies.

Single use account

The company’s single use account MasterCard service allows businesses to centralize purchasing, simplify complex supply chain processes and eliminate the paper check writing associated with traditional purchase order programs. The company’s single use account service is used for transactions where no card is presented, that is, transactions conducted over the telephone, by mail, facsimile or on the Internet. They also can be used for transactions that require pre-authorization, such as hotel reservations.

History

Wright Express Corporation was founded in 1983.

The above Company Fundamental Report is a half-ready report and contents are subject to change.
It means that we have all necessary data in our database to prepare the report but need 2-3 days to complete it. During this time we are also updating the report with respect to the current moment. So, you can get all the most recent data available for the same price. Please note that preparation of additional types of analyses requires extra time.

Contents

RESEARCH METHODOLOGY

DISCLAIMER

1. WRIGHT EXPRESS CORP. COMPANY PROFILE

1.1. Key facts
1.2. Financial Performance
1.3. Key Executives
1.4. Ownership and Major Holders
1.5. Company History

2. WRIGHT EXPRESS CORP. BUSINESS OVERVIEW

2.1. Business Description
2.2. Major Products and Services
2.3. Markets and Sales Activities
2.4. Locations, Subsidiaries, Operating Units

3. WRIGHT EXPRESS CORP. SWOT ANALYSIS

3.1. Overview
3.2. Strengths
3.3. Weaknesses
3.4. Opportunities
3.5. Threats

4. WRIGHT EXPRESS CORP. FINANCIAL ANALYSIS

4.1. Financial Statements
4.1.1. Income Statement
4.1.2. Balance Sheet
4.1.3. Cash Flow
4.2. Financial Ratios
4.2.1. Profitability
4.2.2. Margin Analysis
4.2.3. Asset Turnover
4.2.4. Credit Ratios
4.2.5. Long-Term Solvency
4.2.6. Growth Over Prior Year
4.2.7. Financial Ratios Charts
4.3. Stock Market Snapshot

5. WRIGHT EXPRESS CORP. COMPETITORS AND INDUSTRY ANALYSIS

5.1. Wright Express Corp. Direct Competitors
5.2. Comparison of Wright Express Corp. and Direct Competitors Financial Ratios
5.3. Comparison of Wright Express Corp. and Direct Competitors Stock Charts
5.4. Wright Express Corp. Industry Analysis
5.4.1. Software and Technology Services Industry Snapshot
  5.4.2. Wright Express Corp. Industry Position Analysis

6. WRIGHT EXPRESS CORP. NEWS & EVENTS

6.1. News & PR Activity Analysis
6.2. IR Corporate News
6.3. Marketing News
6.4. Corporate Events

7. WRIGHT EXPRESS CORP. EXPERTS REVIEW¹

7.1. Experts Consensus
7.2. Experts Revisions

8. WRIGHT EXPRESS CORP. ENHANCED SWOT ANALYSIS²

9. UNITED STATES PESTEL ANALYSIS²

9.1. Political Factors
9.2. Economic Factors
9.3. Social Factors
9.4. Technological Factors
9.5. Environmental Factors
9.6. Legal Factors

10. WRIGHT EXPRESS CORP. IFE, EFE, IE MATRICES²

10.1. Internal Factor Evaluation Matrix
10.2. External Factor Evaluation Matrix
10.3. Internal External Matrix

11. WRIGHT EXPRESS CORP. PORTER FIVE FORCES ANALYSIS²

12. WRIGHT EXPRESS CORP. VRIO ANALYSIS²

APPENDIX: RATIO DEFINITIONS

LIST OF FIGURES

Wright Express Corp. Annual Revenues in Comparison with Cost of Goods Sold and Gross Profit
Profit Margin Chart
Operating Margin Chart
Return on Equity (ROE) Chart
Return on Assets (ROA) Chart
Debt to Equity Chart
Current Ratio Chart
Wright Express Corp. 1-year Stock Charts
Wright Express Corp. 5-year Stock Charts
Wright Express Corp. vs. Main Indexes 1-year Stock Chart
Wright Express Corp. vs. Direct Competitors 1-year Stock Charts
Wright Express Corp. Article Density Chart

1 – Data availability depends on company’s security policy.
2 – These sections are available only when you purchase a report with appropriate additional types of analyses.
The complete financial data is available for publicly traded companies.

List Of Tables

LIST OF TABLES

Wright Express Corp. Key Facts
Profitability
Management Effectiveness
Income Statement Key Figures
Balance Sheet Key Figures
Cash Flow Statement Key Figures
Financial Performance Abbreviation Guide
Wright Express Corp. Key Executives
Wright Express Corp. Major Shareholders
Wright Express Corp. History
Wright Express Corp. Products
Revenues by Segment
Revenues by Region
Wright Express Corp. Offices and Representations
Wright Express Corp. SWOT Analysis
Yearly Income Statement Including Trends
Income Statement Latest 4 Quarters Including Trends
Yearly Balance Sheet Including Trends
Balance Sheet Latest 4 Quarters Including Trends
Yearly Cash Flow Including Trends
Cash Flow Latest 4 Quarters Including Trends
Wright Express Corp. Profitability Ratios
Margin Analysis Ratios
Asset Turnover Ratios
Credit Ratios
Long-Term Solvency Ratios
Financial Ratios Growth Over Prior Year
Wright Express Corp. Capital Market Snapshot
Wright Express Corp. Direct Competitors Key Facts
Direct Competitors Profitability Ratios
Direct Competitors Margin Analysis Ratios
Direct Competitors Asset Turnover Ratios
Direct Competitors Credit Ratios
Direct Competitors Long-Term Solvency Ratios
Software and Technology Services Industry Statistics
Wright Express Corp. Industry Position
Company vs. Industry Income Statement Analysis
Company vs. Industry Balance Sheet Analysis
Company vs. Industry Cash Flow Analysis
Company vs. Industry Ratios Comparison
Wright Express Corp. Consensus Recommendations¹
Analyst Recommendation Summary¹
Price Target Summary¹
Experts Recommendation Trends¹
Revenue Estimates Analysis¹
Earnings Estimates Analysis¹
Historical Surprises¹
Revenue Estimates Trend¹
Earnings Estimates Trend¹
Revenue Revisions¹

ANALYSIS FEATURES

SWOT Analysis

SWOT, which stands for Strengths, Weaknesses, Opportunities and Threats, is an analytical framework that identifies the internal and external factors that are favorable and unfavorable for a company.

Enhanced SWOT Analysis

Enhanced SWOT is a 3×3 grid that arranges strengths, weaknesses, opportunities and threats into one scheme:

• How to use the strengths to take advantage of the opportunities?
• How to use the strengths to reduce likelihood and impact of the threats?
• How to overcome the weaknesses that obstruct taking advantage of the opportunities?
• How to overcome the weaknesses that can make the threats a reality?

Upon answering these questions a company can develop a project plan to improve its business performance.

PESTEL Analysis

PESTEL (also termed as PESTLE) is an ideal tool to strategically analyze what influence different outside factors – political, economic, sociocultural, technological, environmental and legal – exert on a business to later chart its long term targets.

Being part of the external analysis when carrying out a strategic assessment or performing a market study, PESTEL gives an overview of diverse macro-environmental factors that any company should thoughtfully consider. By perceiving these outside environments, businesses can maximally benefit from the opportunities while minimizing the threats to the organization.

Key Factors Examined by PESTEL Analysis:

• Political – What opportunities and pressures are brought by political bodies and what is the degree of public regulations’ impact on the business?
• Economic – What economic policies, trends and structures are expected to affect the organization, what is this influence’s degree?
• Sociological – What cultural and societal aspects will work upon the demand for the business’s products and operations?
• Technological – What impact do the technological aspects, innovations, incentives and barriers have on the organization?
• Environmental – What environmental and ecological facets, both locally and farther afield, are likely to predetermine the business?
• Legal – What laws and legislation will exert influence on the style the business is carried out?

IFE, EFE, IE Matrices

The Internal Factor Evaluation matrix (IFE matrix) is a strategic management tool helping audit or evaluate major weaknesses and strengths in a business’s functional areas. In addition, IFE matrix serves as a basis for identifying and assessing relationships amongst those areas. The IFE matrix is utilised in strategy formulation.

The External Factor Evaluation matrix (EFE matrix) is a tool of strategic management that is typically utilised to assess current market conditions. It is an ideal instrument for visualising and prioritising the threats and opportunities a firm is facing.

The essential difference between the above mentioned matrices lies in the type of factors incorporated in the model; whilst the latter is engaged in internal factors, the former deals exceptionally with external factors – those exposed to social, political, economic, legal, etc. external forces.

Being a continuation of the EFE matrix and IFE matrix models, the Internal External matrix (IE matrix) rests upon an investigation of external and internal business factors integrated into one suggestive model.

Porter Five Forces Analysis

The Porter’s five forces analysis studies the industry of operation and helps the company find new sources of competitive advantage. The analysis surveys an industry through five major questions:

1. What composes a threat of substitute products and services?
2. Is there a threat of new competitors entering the market?
3. What is the intensity of competitive rivalry?
4. How big is the bargaining power of buyers?
5. How significant is the bargaining power of suppliers?

VRIO Analysis

VRIO stands for Value, Rarity, Imitability, Organization. This analysis helps to evaluate all company’s resources and capabilities and bring them together into one aggregate table that includes:

• Tangible resources
  • Financial
  • Physical
  • Technological
  • Organizational
• Intangible resources
  • Human
  • Innovation and Creativity
  • Reputation
• Organizational capabilities

The result of the analysis gives a clear picture of company’s competitive and economic implications, answering the questions if the resources mentioned above are:

• Valuable?
• Rare?
• Costly to imitate?
• Organized properly?