--- title: Corpay (CPAY) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/cpay ticker: CPAY as_of: 2026-10-17 sector: Technology industry: Software - Infrastructure --- # Corpay (CPAY) Corpay (CPAY) closed at $399.84 on Oct 16, 2026, undervalued by 41% vs its model value of $672.85 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $399.84 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $672.85 | | Price vs model | undervalued by 41% vs model | | Range of that model | $353.93 – $1,476.25 | | Market value | $26.3B | | P/E (fiscal 2025) | 26.6 | | Net margin (fiscal 2025) | 23.6% | | Free cash flow (fiscal 2025) | $1.3B | | Dividend yield (trailing twelve months) | 0.00% | | Beta | 0.89 | | Cost of capital (WACC) | 7.45% | | Business classification | Profitable Growth (Low/slowing growth (~10% recent), High profitability (24% net margin), Highly cyclical earnings, High leverage (D/E 2.6x)) | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $672.85 | $353.93 | $1,476.25 | | DCF · Perpetuity growth · 10y | cross check | $759.43 | $416.22 | $1,665.06 | | DCF · EBITDA exit · 5y | cross check | $485.09 | $300.10 | $703.70 | | DCF · EBITDA exit · 10y | cross check | $582.56 | $369.69 | $868.55 | | P/E · peers | cross check | $370.40 | $317.74 | $1,938.08 | | P/E · own history | cross check | $471.81 | $430.32 | $510.33 | | PEG | sanity check | $685.31 | $685.31 | $685.31 | | EV/EBITDA · peers | cross check | $302.04 | $205.84 | $817.58 | | EV/Revenue · peers | cross check | $16.01 | $0.00 | $70.39 | | Earnings power value | cross check | $169.01 | $122.76 | $238.60 | | Dividend discount | cross check | $0.00 | $0.00 | $0.00 | ## Insider activity (SEC Form 4) Past 90 days: 0 open-market buys ($0) and 32 open-market sales ($110.3M); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Aug 21, 2026 | King Alan | GroupPresident IntlVehiclePmts | Open-market sell | 3,805 | $1.6M | | Aug 21, 2026 | Clarke Ronald | CEO & Chairman of BOD | Option/RSU exercise | 450,000 | $67.8M | | Aug 21, 2026 | Clarke Ronald | CEO & Chairman of BOD | Tax withholding | 290,043 | $121.0M | | Aug 24, 2026 | Clarke Ronald | CEO & Chairman of BOD | Open-market sell | 5,882 | $2.4M | | Aug 24, 2026 | Clarke Ronald | CEO & Chairman of BOD | Open-market sell | 51,919 | $21.6M | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Aug 10, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1175454/000117545426000050/cpay-20260630.htm | | Aug 5, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1175454/000117545426000045/flt-20260805.htm | | Jul 24, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/1175454/000117545426000042/flt-20260722.htm | | May 22, 2026 | 8-K | 1.01 Entry into a Material Agreement; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1175454/000117545426000040/flt-20260521.htm | | May 12, 2026 | 8-K | 7.01 Regulation FD Disclosure | https://www.sec.gov/Archives/edgar/data/1175454/000117545426000036/flt-20260512.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Chase Coleman | 2026-06-30 | 2,149,877 | $716.5M | | Bridgewater | 2026-06-30 | 7,655 | $2.6M | 2 tracked managers in all. ## About Corpay, Inc. operates as a global financial technology firm, delivering payment solutions that assist both businesses and individual consumers in efficiently managing a diverse range of expenditures. Its expertise primarily covers vehicle-related costs, corporate financial transactions, and lodging expenses, with operations spanning the United States, Brazil, the United Kingdom, and numerous other international markets. Among its specialized services are comprehensive vehicle payment offerings, which include provisions for fuel, road tolls, parking fees, fleet maintenance, and long-distance transportation. The company also supplies prepaid vouchers and cards for food and transit requirements. For its corporate clientele, Corpay furnishes sophisticated payment instruments such as automated accounts payable systems, virtual payment cards, solutions for international transactions, and dedic… --- Source: https://sweetvaluelab.com/stocks/cpay (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.