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DCF valuation

What is Payoneer Global Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Payoneer Global Inc.'s reported free cash flow gives $19.04 per share. The share price was $7.17 on September 25, 2026, 62% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$206.6M
Average free cash flow, last 5 years
$122.6M
Cash
$346.3M
balance sheet of June 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
376,731,192
Revenue growth per year, last 4 years
32.1%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$11.93+66%
Base15.0%9.0%2.5%9.0%$19.04+166%
Bull20.0%11.5%3.0%8.0%$32.28+350%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$24.42$26.10$28.15$30.72$34.01
8.0%$20.38$21.47$22.75$24.30$26.18
9.0%$17.44$18.18$19.04$20.04$21.23
10.0%$15.21$15.73$16.33$17.02$17.81
11.0%$13.46$13.85$14.28$14.77$15.32

Where the presets come from

Base: years 1 to 5 grow at Payoneer Global Inc.'s revenue growth rate over the last 4 fiscal years (32.1% 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

Payoneer Global Inc. company page