What is Invesco Ltd. worth?
With the base-case assumptions below, a discounted cash flow model on Invesco Ltd.'s reported free cash flow gives $42.80 per share. The share price was $30.92 on September 25, 2026, 28% 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 | -4.5% | 10.0% | $26.16 | -15% |
| Base | 0.5% | 9.0% | $42.80 | +38% |
| Bull | 5.5% | 8.0% | $75.20 | +143% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $54.34 | $57.80 | $62.03 | $67.31 | $74.11 |
| 8.0% | $45.78 | $48.02 | $50.67 | $53.85 | $57.74 |
| 9.0% | $39.50 | $41.03 | $42.80 | $44.86 | $47.31 |
| 10.0% | $34.69 | $35.78 | $37.02 | $38.43 | $40.06 |
| 11.0% | $30.90 | $31.70 | $32.59 | $33.60 | $34.74 |
Where the presets come from
Base: years 1 to 5 grow at Invesco Ltd.'s revenue growth rate over the last 5 fiscal years (0.7% 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