What is Pathward Financial, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Pathward Financial, Inc.'s reported free cash flow gives $493.95 per share. The share price was $73.80 on September 25, 2026, 85% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 6.0% | 10.0% | $303.61 | +311% |
| Base | 11.0% | 9.0% | $493.95 | +569% |
| Bull | 16.0% | 8.0% | $848.88 | +1,050% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $635.06 | $678.67 | $731.98 | $798.61 | $884.29 |
| 8.0% | $529.35 | $557.63 | $591.06 | $631.17 | $680.20 |
| 9.0% | $452.30 | $471.63 | $493.95 | $519.98 | $550.75 |
| 10.0% | $393.76 | $407.51 | $423.10 | $440.91 | $461.46 |
| 11.0% | $347.86 | $357.94 | $369.21 | $381.89 | $396.26 |
Where the presets come from
Base: years 1 to 5 grow at Pathward Financial, Inc.'s revenue growth rate over the last 5 fiscal years (11.0% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions