What is Western Union CO worth?
With the base-case assumptions below, a discounted cash flow model on Western Union CO's reported free cash flow gives $12.18 per share. The share price was $6.18 on September 25, 2026, 49% 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 | -8.5% | 10.0% | $6.05 | -2% |
| Base | -3.5% | 9.0% | $12.18 | +97% |
| Bull | 1.5% | 8.0% | $24.35 | +294% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $16.39 | $17.63 | $19.15 | $21.06 | $23.50 |
| 8.0% | $13.28 | $14.08 | $15.04 | $16.18 | $17.58 |
| 9.0% | $10.99 | $11.54 | $12.18 | $12.92 | $13.80 |
| 10.0% | $9.23 | $9.62 | $10.07 | $10.58 | $11.16 |
| 11.0% | $7.84 | $8.13 | $8.45 | $8.81 | $9.22 |
Where the presets come from
Base: years 1 to 5 grow at Western Union CO's revenue growth rate over the last 5 fiscal years (-3.5% 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