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 $444.31 per share. The share price was $398.11 on September 25, 2026, 10% 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% | $234.81 | -41% |
| Base | 13.5% | 9.0% | $444.31 | +12% |
| Bull | 18.5% | 8.0% | $861.64 | +116% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $605.44 | $655.48 | $716.64 | $793.09 | $891.39 |
| 8.0% | $484.55 | $517.00 | $555.35 | $601.37 | $657.62 |
| 9.0% | $396.52 | $418.70 | $444.31 | $474.17 | $509.47 |
| 10.0% | $329.71 | $345.48 | $363.37 | $383.80 | $407.39 |
| 11.0% | $277.38 | $288.95 | $301.88 | $316.42 | $332.90 |
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