Corpay, Inc.

Corpay, Inc.

CPAYยทNYSE

$352.25

-3.3%
TechnologySoftware - Infrastructure

Corpay, Inc. operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards. It also provides corporate payment solutions consisting of accounts payable automation; virtual cards, cross-border solutions; and purchasing and travel and entertainment card products, as well as lodging payments solutions for employees who travel overnight for work purposes; traveling crews and stranded passengers from airlines and cruise lines; and insurance policyholders displaced from their homes due to damage or catastrophe. In addition, the company offers gifts and payroll cards. It serves business, merchant, consumer, and payment network customers. The company was formerly known as FLEETCOR Technologies, Inc. and changed its name to Corpay, Inc. in March 2024. Corpay, Inc. was founded in 1986 and is headquartered in Atlanta, Georgia.

At a Glance

Live Snapshot
Market Cap$23.02B
EPS15.2500
P/E Ratio23.10
Earnings Date08/05/2026
Corpay, Inc.

Corpay, Inc. Fair Value Envelope

CPAY ยท NYSE

Our analysis suggests that CPAY has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $352.25, this represents a potential HIDDEN relative to our calculated worth for Corpay, Inc..

Intrinsic Value
Current Price: $352.25

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$3.6B
+ Cash & Equivalents$9.0B
Firm Value$12.6B
- Debt$10.1B
Equity Value$2.5B
/ Shares Outstanding70,280,792B
DCF Value$35
OVERVALUED BY 90%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.1B
$812.3M
$597.7M
$439.9M
$323.7M
$238.2M
$175.3M
$129.0M
$94.9M
$69.9M
Maintenance CapEx
-$29.5M
-$21.7M
-$16.0M
-$11.8M
-$8.7M
-$6.4M
-$4.7M
-$3.5M
-$2.5M
-$1.9M
Owner Earnings
$1.1B
$790.5M
$581.7M
$428.1M
$315.0M
$231.8M
$170.6M
$125.5M
$92.4M
$68.0M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$994.7M
$677.7M
$461.8M
$314.7M
$214.4M
$146.1M
$99.5M
$67.8M
$46.2M
$31.5M
Terminal Value represents 14.9% of Enterprise Value