Financials The Western Union Company

Equities

WU

US9598021098

Business Support Services

Market Closed - Nyse 01:30:02 27/04/2024 am IST 5-day change 1st Jan Change
13.47 USD +1.35% Intraday chart for The Western Union Company +3.46% +13.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,228 9,020 7,172 5,318 4,343 4,557 - -
Enterprise Value (EV) 1 13,006 10,659 8,972 6,648 5,579 5,889 5,799 5,926
P/E ratio 10.9 x 12.3 x 9.06 x 5.88 x 7.1 x 7.86 x 7.35 x 6.94 x
Yield 2.99% 4.1% 5.27% 6.83% 7.89% 7.04% 7.24% 7.31%
Capitalization / Revenue 2.12 x 1.87 x 1.41 x 1.19 x 1 x 1.09 x 1.08 x 1.07 x
EV / Revenue 2.46 x 2.2 x 1.77 x 1.49 x 1.28 x 1.41 x 1.38 x 1.4 x
EV / EBITDA 10.9 x 8.94 x 6.74 x 6.29 x 5.42 x 5.94 x 5.75 x 5.88 x
EV / FCF 16.5 x 14.8 x 10.8 x 17.8 x 8.78 x 20.4 x 5.86 x 8.16 x
FCF Yield 6.05% 6.76% 9.26% 5.62% 11.4% 4.89% 17.1% 12.3%
Price to Book -292 x 48.3 x 19.8 x 11.2 x 8.72 x 9.38 x 7.37 x 10.5 x
Nbr of stocks (in thousands) 4,19,256 4,11,121 4,02,007 3,86,171 3,64,359 3,38,335 - -
Reference price 2 26.78 21.94 17.84 13.77 11.92 13.47 13.47 13.47
Announcement Date 11/02/20 10/02/21 10/02/22 07/02/23 06/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,292 4,835 5,071 4,476 4,357 4,181 4,202 4,240
EBITDA 1 1,192 1,193 1,331 1,058 1,030 991.2 1,009 1,008
EBIT 1 934 1,007 1,123 874 846.5 809.8 823.3 845.8
Operating Margin 17.65% 20.82% 22.15% 19.53% 19.43% 19.37% 19.59% 19.95%
Earnings before Tax (EBT) 1 1,321 855.1 935.4 1,009 745.8 703.7 729.4 745.6
Net income 1 1,058 744.3 805.8 910.6 626 588.9 604.9 621.9
Net margin 20% 15.39% 15.89% 20.35% 14.37% 14.09% 14.39% 14.67%
EPS 2 2.460 1.790 1.970 2.340 1.680 1.713 1.832 1.940
Free Cash Flow 1 786.9 720.7 830.7 373.4 635.3 288 989 726
FCF margin 14.87% 14.91% 16.38% 8.34% 14.58% 6.89% 23.54% 17.12%
FCF Conversion (EBITDA) 66.03% 60.42% 62.4% 35.3% 61.67% 29.06% 98.03% 72.03%
FCF Conversion (Net income) 74.36% 96.83% 103.09% 41.01% 101.49% 48.9% 163.5% 116.74%
Dividend per Share 2 0.8000 0.9000 0.9400 0.9400 0.9400 0.9488 0.9751 0.9848
Announcement Date 11/02/20 10/02/21 10/02/22 07/02/23 06/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,285 1,156 1,138 1,090 1,092 1,037 1,170 1,098 1,052 1,049 1,060 1,038 1,043 1,034 1,070
EBITDA 1 364.7 284.3 309.9 276.5 214.2 256.5 297.5 261.5 214.6 252.8 252.5 250.3 246.4 249.4 255.8
EBIT 1 316.8 237.5 264 231.6 167.8 209.9 251.6 215.5 169.5 206.2 210.2 203.8 196.4 201.8 209.9
Operating Margin 24.66% 20.55% 23.19% 21.26% 15.37% 20.24% 21.5% 19.63% 16.11% 19.65% 19.83% 19.64% 18.84% 19.52% 19.61%
Earnings before Tax (EBT) 1 180.9 362.2 236.2 193.7 216.5 181 216.4 204.3 144.1 170 183.7 178.6 172.2 183.6 189.1
Net income 1 168.8 293.3 194 173.9 249.4 151.8 176.2 171 127 142.7 152.4 148.1 143 150.2 154.1
Net margin 13.14% 25.38% 17.04% 15.96% 22.84% 14.64% 15.06% 15.58% 12.07% 13.6% 14.37% 14.26% 13.72% 14.53% 14.39%
EPS 2 0.4200 0.7400 0.5000 0.4500 0.6500 0.4000 0.4700 0.4600 0.3500 0.4100 0.4446 0.4332 0.4212 0.4510 0.4712
Dividend per Share 2 0.2350 0.2350 0.2350 0.2350 0.2350 0.2350 0.2350 0.2350 0.2350 - 0.2366 0.2352 0.2347 0.2392 0.2414
Announcement Date 10/02/22 28/04/22 03/08/22 01/11/22 07/02/23 02/05/23 26/07/23 25/10/23 06/02/24 24/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,779 1,639 1,800 1,331 1,236 1,331 1,241 1,368
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.493 x 1.374 x 1.352 x 1.258 x 1.2 x 1.343 x 1.231 x 1.357 x
Free Cash Flow 1 787 721 831 373 635 288 989 726
ROE (net income / shareholders' equity) -427% 1,012% 331% 164% 131% 133% 108% 104%
ROA (Net income/ Total Assets) 11.9% 8.16% 9.79% 7.91% 7.5% 7.79% 8.02% 11.3%
Assets 1 8,878 9,127 8,228 11,517 8,348 7,565 7,540 5,502
Book Value Per Share 2 -0.0900 0.4500 0.9000 1.230 1.370 1.440 1.830 1.280
Cash Flow per Share 2 2.120 2.110 2.560 1.500 2.110 1.830 2.140 0.6200
Capex 1 128 157 215 208 148 161 171 164
Capex / Sales 2.41% 3.24% 4.23% 4.65% 3.39% 3.86% 4.08% 3.87%
Announcement Date 11/02/20 10/02/21 10/02/22 07/02/23 06/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
20
Last Close Price
13.47 USD
Average target price
13.69 USD
Spread / Average Target
+1.61%
Consensus
1st Jan change Capi.
+13.00% 4.56B
+17.35% 91.21B
+7.41% 69.43B
-3.71% 46.28B
-1.91% 31.78B
+7.50% 21.83B
-16.97% 11.95B
-9.73% 10.07B
+11.32% 9.07B
-25.92% 7.68B
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