What is Corpay, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Corpay, Inc.'s reported free cash flow gives $434.45 per share. The share price was $459.42 on November 10, 2026, 6% above 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% | $224.95 | -51% |
| Base | 13.5% | 9.0% | $434.45 | -5% |
| Bull | 18.5% | 8.0% | $851.78 | +85% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $595.59 | $645.63 | $706.79 | $783.24 | $881.54 |
| 8.0% | $474.69 | $507.15 | $545.50 | $591.52 | $647.77 |
| 9.0% | $386.66 | $408.85 | $434.45 | $464.32 | $499.62 |
| 10.0% | $319.85 | $335.63 | $353.51 | $373.95 | $397.53 |
| 11.0% | $267.53 | $279.10 | $292.02 | $306.57 | $323.05 |
Where the presets come from
Base: years 1 to 5 grow at Corpay, Inc.'s revenue growth rate over the last 5 fiscal years (13.6% 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