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NYQ · Valuation Lab
CPAY
Corpay, Inc.
Last$394.53
Market cap25.8B
EV/EBITDA13.4x
Intrinsic value
$2436.05
MoS +83.8% · Undervalued
Assuming 43.8% FCF margin and 25.4% Y1–5 growth.
Upside to price
EV (DCF)167.2B
Terminal share74%
Expected IV$2554.80
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 74% of EV
PV of stage FCFs43.6B
PV of terminal value123.6B
Enterprise value167.2B
Net cash / (debt)-7.9B
Equity value159.2B
Intrinsic value / share$2436.05
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 6B | 2.6B | 2.4B | 93.2% |
| Y2 | 7.5B | 3.3B | 2.9B | 86.8% |
| Y3 | 9.4B | 4.1B | 3.3B | 80.9% |
| Y4 | 11.8B | 5.2B | 3.9B | 75.4% |
| Y5 | 14.8B | 6.5B | 4.6B | 70.2% |
| Y6 | 16.7B | 7.3B | 4.8B | 65.4% |
| Y7 | 18.8B | 8.3B | 5B | 60.9% |
| Y8 | 21.2B | 9.3B | 5.3B | 56.8% |
| Y9 | 23.9B | 10.5B | 5.5B | 52.9% |
| Y10 | 27B | 11.8B | 5.8B | 49.3% |
| Terminal | — | — | 123.6B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.