What is Paylocity Holding Corp worth?
With the base-case assumptions below, a discounted cash flow model on Paylocity Holding Corp's reported free cash flow gives $301.02 per share. The share price was $177.81 on November 9, 2026, 41% 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 | 10.0% | 10.0% | $183.36 | +3% |
| Base | 15.0% | 9.0% | $301.02 | +69% |
| Bull | 20.0% | 8.0% | $520.13 | +193% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $390.11 | $417.89 | $451.84 | $494.28 | $548.85 |
| 8.0% | $323.19 | $341.20 | $362.49 | $388.04 | $419.26 |
| 9.0% | $274.50 | $286.81 | $301.02 | $317.60 | $337.20 |
| 10.0% | $237.57 | $246.33 | $256.26 | $267.60 | $280.69 |
| 11.0% | $208.68 | $215.11 | $222.28 | $230.36 | $239.51 |
Where the presets come from
Base: years 1 to 5 grow at Paylocity Holding Corp's revenue growth rate over the last 5 fiscal years (22.7% 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