Intrinsic value of Western Union - WU

Previous Close

$19.38

  Intrinsic Value

$21.76

stock screener

  Rating & Target

hold

+12%

  Value-price divergence*

-44%

Previous close

$19.38

 
Intrinsic value

$21.76

 
Up/down potential

+12%

 
Rating

hold

 
Value-price divergence*

-44%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of WU stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 9.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -1.11
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  5,423
  5,531
  5,659
  5,804
  5,967
  6,148
  6,347
  6,563
  6,797
  7,049
  7,320
  7,609
  7,918
  8,247
  8,596
  8,967
  9,360
  9,776
  10,216
  10,680
  11,171
  11,689
  12,235
  12,811
  13,417
  14,056
  14,728
  15,436
  16,181
  16,965
  17,789
Variable operating expenses, $m
 
  4,408
  4,502
  4,609
  4,730
  4,864
  5,011
  5,171
  5,344
  5,530
  5,730
  5,628
  5,857
  6,100
  6,358
  6,633
  6,923
  7,231
  7,556
  7,900
  8,263
  8,646
  9,050
  9,476
  9,924
  10,397
  10,894
  11,418
  11,969
  12,549
  13,158
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  4,939
  4,408
  4,502
  4,609
  4,730
  4,864
  5,011
  5,171
  5,344
  5,530
  5,730
  5,628
  5,857
  6,100
  6,358
  6,633
  6,923
  7,231
  7,556
  7,900
  8,263
  8,646
  9,050
  9,476
  9,924
  10,397
  10,894
  11,418
  11,969
  12,549
  13,158
Operating income, $m
  484
  1,124
  1,157
  1,195
  1,237
  1,284
  1,336
  1,392
  1,453
  1,519
  1,589
  1,981
  2,061
  2,147
  2,238
  2,334
  2,436
  2,545
  2,659
  2,780
  2,908
  3,043
  3,185
  3,335
  3,493
  3,659
  3,834
  4,018
  4,212
  4,416
  4,631
EBITDA, $m
  747
  1,500
  1,534
  1,574
  1,618
  1,667
  1,721
  1,780
  1,843
  1,911
  1,985
  2,063
  2,147
  2,236
  2,331
  2,431
  2,538
  2,651
  2,770
  2,896
  3,029
  3,169
  3,317
  3,474
  3,638
  3,811
  3,994
  4,185
  4,387
  4,600
  4,823
Interest expense (income), $m
  159
  148
  144
  154
  166
  179
  194
  210
  228
  247
  267
  289
  312
  337
  364
  392
  422
  454
  488
  524
  561
  601
  643
  687
  734
  783
  835
  889
  946
  1,007
  1,070
Earnings before tax, $m
  342
  976
  1,013
  1,040
  1,071
  1,105
  1,142
  1,182
  1,225
  1,272
  1,322
  1,692
  1,749
  1,809
  1,874
  1,942
  2,014
  2,090
  2,171
  2,257
  2,347
  2,442
  2,542
  2,648
  2,759
  2,876
  2,999
  3,129
  3,266
  3,409
  3,561
Tax expense, $m
  89
  264
  273
  281
  289
  298
  308
  319
  331
  343
  357
  457
  472
  488
  506
  524
  544
  564
  586
  609
  634
  659
  686
  715
  745
  777
  810
  845
  882
  921
  961
Net income, $m
  253
  712
  739
  759
  782
  806
  834
  863
  895
  929
  965
  1,235
  1,277
  1,321
  1,368
  1,417
  1,470
  1,526
  1,585
  1,647
  1,713
  1,783
  1,856
  1,933
  2,014
  2,100
  2,190
  2,284
  2,384
  2,489
  2,599

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  878
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  9,420
  9,391
  9,607
  9,854
  10,131
  10,439
  10,776
  11,143
  11,540
  11,968
  12,427
  12,918
  13,443
  14,001
  14,594
  15,224
  15,891
  16,597
  17,344
  18,133
  18,966
  19,845
  20,772
  21,750
  22,779
  23,864
  25,006
  26,207
  27,472
  28,803
  30,202
Adjusted assets (=assets-cash), $m
  8,542
  9,391
  9,607
  9,854
  10,131
  10,439
  10,776
  11,143
  11,540
  11,968
  12,427
  12,918
  13,443
  14,001
  14,594
  15,224
  15,891
  16,597
  17,344
  18,133
  18,966
  19,845
  20,772
  21,750
  22,779
  23,864
  25,006
  26,207
  27,472
  28,803
  30,202
Revenue / Adjusted assets
  0.635
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
Average production assets, $m
  911
  929
  951
  975
  1,003
  1,033
  1,066
  1,103
  1,142
  1,184
  1,230
  1,278
  1,330
  1,385
  1,444
  1,506
  1,572
  1,642
  1,716
  1,794
  1,877
  1,964
  2,055
  2,152
  2,254
  2,361
  2,474
  2,593
  2,718
  2,850
  2,989
Working capital, $m
  0
  -553
  -566
  -580
  -597
  -615
  -635
  -656
  -680
  -705
  -732
  -761
  -792
  -825
  -860
  -897
  -936
  -978
  -1,022
  -1,068
  -1,117
  -1,169
  -1,223
  -1,281
  -1,342
  -1,406
  -1,473
  -1,544
  -1,618
  -1,696
  -1,779
Total debt, $m
  2,786
  2,720
  2,915
  3,137
  3,386
  3,663
  3,966
  4,296
  4,654
  5,039
  5,452
  5,895
  6,366
  6,869
  7,403
  7,969
  8,570
  9,205
  9,878
  10,588
  11,338
  12,129
  12,963
  13,843
  14,769
  15,745
  16,773
  17,855
  18,993
  20,190
  21,450
Total liabilities, $m
  8,517
  8,452
  8,647
  8,869
  9,118
  9,395
  9,698
  10,028
  10,386
  10,771
  11,184
  11,627
  12,098
  12,601
  13,135
  13,701
  14,302
  14,937
  15,610
  16,320
  17,070
  17,861
  18,695
  19,575
  20,501
  21,477
  22,505
  23,587
  24,725
  25,922
  27,182
Total equity, $m
  902
  939
  961
  985
  1,013
  1,044
  1,078
  1,114
  1,154
  1,197
  1,243
  1,292
  1,344
  1,400
  1,459
  1,522
  1,589
  1,660
  1,734
  1,813
  1,897
  1,985
  2,077
  2,175
  2,278
  2,386
  2,501
  2,621
  2,747
  2,880
  3,020
Total liabilities and equity, $m
  9,419
  9,391
  9,608
  9,854
  10,131
  10,439
  10,776
  11,142
  11,540
  11,968
  12,427
  12,919
  13,442
  14,001
  14,594
  15,223
  15,891
  16,597
  17,344
  18,133
  18,967
  19,846
  20,772
  21,750
  22,779
  23,863
  25,006
  26,208
  27,472
  28,802
  30,202
Debt-to-equity ratio
  3.089
  2.900
  3.030
  3.180
  3.340
  3.510
  3.680
  3.860
  4.030
  4.210
  4.390
  4.560
  4.740
  4.910
  5.070
  5.230
  5.390
  5.550
  5.700
  5.840
  5.980
  6.110
  6.240
  6.360
  6.480
  6.600
  6.710
  6.810
  6.910
  7.010
  7.100
Adjusted equity ratio
  0.003
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  253
  712
  739
  759
  782
  806
  834
  863
  895
  929
  965
  1,235
  1,277
  1,321
  1,368
  1,417
  1,470
  1,526
  1,585
  1,647
  1,713
  1,783
  1,856
  1,933
  2,014
  2,100
  2,190
  2,284
  2,384
  2,489
  2,599
Depreciation, amort., depletion, $m
  263
  376
  378
  379
  381
  383
  385
  387
  390
  393
  396
  82
  86
  89
  93
  97
  101
  106
  111
  116
  121
  127
  133
  139
  145
  152
  160
  167
  175
  184
  193
Funds from operations, $m
  1,643
  1,089
  1,117
  1,138
  1,163
  1,189
  1,219
  1,250
  1,284
  1,321
  1,361
  1,317
  1,362
  1,410
  1,461
  1,515
  1,572
  1,632
  1,696
  1,763
  1,834
  1,909
  1,988
  2,072
  2,159
  2,252
  2,349
  2,452
  2,559
  2,673
  2,792
Change in working capital, $m
  601
  -11
  -13
  -15
  -16
  -18
  -20
  -22
  -23
  -25
  -27
  -29
  -31
  -33
  -35
  -37
  -39
  -42
  -44
  -46
  -49
  -52
  -55
  -58
  -61
  -64
  -67
  -71
  -74
  -78
  -82
Cash from operations, $m
  1,042
  1,099
  1,129
  1,153
  1,179
  1,207
  1,238
  1,272
  1,308
  1,346
  1,388
  1,346
  1,393
  1,443
  1,496
  1,552
  1,611
  1,674
  1,740
  1,810
  1,883
  1,961
  2,043
  2,129
  2,220
  2,316
  2,416
  2,522
  2,634
  2,751
  2,874
Maintenance CAPEX, $m
  0
  -59
  -60
  -61
  -63
  -65
  -67
  -69
  -71
  -74
  -76
  -79
  -82
  -86
  -89
  -93
  -97
  -101
  -106
  -111
  -116
  -121
  -127
  -133
  -139
  -145
  -152
  -160
  -167
  -175
  -184
New CAPEX, $m
  -123
  -18
  -21
  -24
  -27
  -30
  -33
  -36
  -39
  -42
  -45
  -49
  -52
  -55
  -59
  -62
  -66
  -70
  -74
  -78
  -82
  -87
  -92
  -97
  -102
  -107
  -113
  -119
  -125
  -132
  -138
Cash from investing activities, $m
  -271
  -77
  -81
  -85
  -90
  -95
  -100
  -105
  -110
  -116
  -121
  -128
  -134
  -141
  -148
  -155
  -163
  -171
  -180
  -189
  -198
  -208
  -219
  -230
  -241
  -252
  -265
  -279
  -292
  -307
  -322
Free cash flow, $m
  771
  1,022
  1,048
  1,067
  1,089
  1,112
  1,138
  1,167
  1,197
  1,230
  1,266
  1,218
  1,259
  1,302
  1,348
  1,396
  1,448
  1,502
  1,560
  1,621
  1,685
  1,753
  1,824
  1,900
  1,979
  2,063
  2,151
  2,244
  2,341
  2,444
  2,552
Issuance/(repayment) of debt, $m
  -430
  -66
  194
  222
  249
  276
  303
  330
  358
  385
  413
  442
  472
  502
  534
  567
  600
  636
  672
  710
  750
  791
  834
  880
  927
  976
  1,028
  1,082
  1,138
  1,197
  1,259
Issuance/(repurchase) of shares, $m
  -467
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -897
  -66
  194
  222
  249
  276
  303
  330
  358
  385
  413
  442
  472
  502
  534
  567
  600
  636
  672
  710
  750
  791
  834
  880
  927
  976
  1,028
  1,082
  1,138
  1,197
  1,259
Total cash flow (excl. dividends), $m
  -126
  957
  1,243
  1,289
  1,338
  1,389
  1,442
  1,497
  1,555
  1,616
  1,679
  1,661
  1,731
  1,804
  1,882
  1,963
  2,048
  2,138
  2,232
  2,331
  2,435
  2,544
  2,659
  2,779
  2,906
  3,039
  3,179
  3,325
  3,480
  3,641
  3,812
Retained Cash Flow (-), $m
  503
  -243
  -22
  -25
  -28
  -31
  -34
  -37
  -40
  -43
  -46
  -49
  -52
  -56
  -59
  -63
  -67
  -71
  -75
  -79
  -83
  -88
  -93
  -98
  -103
  -108
  -114
  -120
  -126
  -133
  -140
Prev. year cash balance distribution, $m
 
  206
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  919
  1,221
  1,265
  1,310
  1,358
  1,408
  1,460
  1,515
  1,573
  1,633
  1,611
  1,678
  1,749
  1,822
  1,900
  1,982
  2,067
  2,157
  2,252
  2,352
  2,456
  2,566
  2,682
  2,803
  2,931
  3,065
  3,205
  3,353
  3,508
  3,672
Discount rate, %
 
  7.90
  8.30
  8.71
  9.15
  9.60
  10.08
  10.59
  11.12
  11.67
  12.26
  12.87
  13.51
  14.19
  14.90
  15.64
  16.42
  17.24
  18.11
  19.01
  19.96
  20.96
  22.01
  23.11
  24.27
  25.48
  26.75
  28.09
  29.49
  30.97
  32.52
PV of cash for distribution, $m
 
  852
  1,041
  984
  923
  859
  791
  722
  652
  582
  514
  426
  367
  312
  261
  215
  174
  138
  108
  82
  62
  45
  32
  22
  15
  10
  6
  4
  2
  1
  1
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices. The Consumer-to-Business segment facilitates bill payments from consumers to businesses and other organizations, including utilities, auto finance companies, mortgage servicers, financial service providers, and government agencies. The Business Solutions segment provides payment and foreign exchange solutions, primarily cross-border and cross-currency transactions for small and medium size enterprises, other organizations, and individuals. The company serves primarily through a network of agents. The Western Union Company was incorporated in 2006 and is headquartered in Englewood, Colorado.

FINANCIAL RATIOS  of  Western Union (WU)

Valuation Ratios
P/E Ratio 36.9
Price to Sales 1.7
Price to Book 10.3
Price to Tangible Book
Price to Cash Flow 9
Price to Free Cash Flow 10.2
Growth Rates
Sales Growth Rate -1.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -14.6%
Cap. Spend. - 3 Yr. Gr. Rate 0.2%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 308.9%
Total Debt to Equity 308.9%
Interest Coverage 3
Management Effectiveness
Return On Assets 3.9%
Ret/ On Assets - 3 Yr. Avg. 8%
Return On Total Capital 6.1%
Ret/ On T. Cap. - 3 Yr. Avg. 13.3%
Return On Equity 21.9%
Return On Equity - 3 Yr. Avg. 51.6%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 39.7%
Gross Margin - 3 Yr. Avg. 40.9%
EBITDA Margin 14.1%
EBITDA Margin - 3 Yr. Avg. 21.4%
Operating Margin 8.9%
Oper. Margin - 3 Yr. Avg. 16.5%
Pre-Tax Margin 6.3%
Pre-Tax Margin - 3 Yr. Avg. 13.6%
Net Profit Margin 4.7%
Net Profit Margin - 3 Yr. Avg. 11.7%
Effective Tax Rate 26%
Eff/ Tax Rate - 3 Yr. Avg. 16.3%
Payout Ratio 123.3%

WU stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the WU stock intrinsic value calculation we used $5423 million for the last fiscal year's total revenue generated by Western Union. The default revenue input number comes from 2016 income statement of Western Union. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our WU stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 7.9%, whose default value for WU is calculated based on our internal credit rating of Western Union, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Western Union.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of WU stock the variable cost ratio is equal to 79.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for WU stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.3% for Western Union.

Corporate tax rate of 27% is the nominal tax rate for Western Union. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the WU stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for WU are equal to 16.8%.

Life of production assets of 15.5 years is the average useful life of capital assets used in Western Union operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for WU is equal to -10%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $902 million for Western Union - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 469.111 million for Western Union is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Western Union at the current share price and the inputted number of shares is $9.1 billion.

RELATED COMPANIES Price Int.Val. Rating
MGI MoneyGram Inte 15.62 4.06  str.sell
PYPL PayPal Holding 60.29 47.57  hold
EEFT Euronet Worldw 97.08 144.77  str.buy
HAWK Blackhawk Netw 43.75 88.27  str.buy
FISV Fiserv 124.83 85.40  sell
GDOT Green Dot Cl A 46.95 36.01  hold
FIS Fidelity Natio 91.45 64.61  sell
MA Mastercard 132.37 122.89  hold
CASS Cass Informati 59.85 76.72  hold

COMPANY NEWS

▶ Top Ranked Income Stocks to Buy for August 17th   [Aug-17-17 09:53AM  Zacks]
▶ Top Ranked Income Stocks to Buy for August 15th   [Aug-15-17 10:41AM  Zacks]
▶ Western Union warns of legal tussle with New York regulators   [Aug-04-17 11:15AM  American City Business Journals]
▶ Western Union Reports Second Quarter Results   [04:01PM  Business Wire]
▶ [$$] Western Union Opens New Front in Cash-Transfer War: Gas Stations   [Jul-25-17 12:57AM  The Wall Street Journal]
▶ Western Union enters gas-station market with Australian deal   [Jul-24-17 05:35PM  American City Business Journals]
▶ Western Union Announces $0.175 Quarterly Dividend   [Jul-12-17 01:25PM  Business Wire]
▶ Western Union Announces $0.175 Quarterly Dividend   [May-11-17 03:00PM  Business Wire]
▶ Western Union Digital Service Live in 40 Countries   [May-10-17 08:30AM  Business Wire]
▶ Stock Market News for May 03, 2017   [May-03-17 10:10AM  Zacks]
▶ Western Union misses 1Q profit forecasts   [May-02-17 04:20PM  Associated Press]
▶ Western Union Reports First Quarter Results   [04:01PM  Business Wire]
▶ Apple Pay Is Quickly Expanding   [Apr-13-17 09:05AM  Market Realist]
▶ What are Colorado's most valuable brands?   [Mar-30-17 10:37AM  at bizjournals.com]
Stock chart of WU Financial statements of WU
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.