What is World Acceptance Corp worth?
With the base-case assumptions below, a discounted cash flow model on World Acceptance Corp's reported free cash flow gives $672.50 per share. The share price was $171.99 on September 25, 2026, 74% 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 | -3.0% | 10.0% | $375.73 | +118% |
| Base | 2.0% | 9.0% | $672.50 | +291% |
| Bull | 7.0% | 8.0% | $1,226.66 | +613% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $880.69 | $943.49 | $1,020.24 | $1,116.18 | $1,239.54 |
| 8.0% | $725.91 | $766.63 | $814.76 | $872.52 | $943.11 |
| 9.0% | $612.53 | $640.37 | $672.50 | $709.98 | $754.28 |
| 10.0% | $525.92 | $545.72 | $568.16 | $593.81 | $623.40 |
| 11.0% | $457.63 | $472.14 | $488.37 | $506.62 | $527.31 |
Where the presets come from
Base: years 1 to 5 grow at World Acceptance Corp's revenue growth rate over the last 5 fiscal years (2.1% 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