CPAY — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

Model	Intrinsic Value	vs Price ($332.01)
DCF	$1004.84	+202.7%
Graham Number	$138.66	-58.2%
Reverse DCF	—	implied g: 4.7%
DDM	—	—
EV/EBITDA	$327.90	-1.2%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.80B

Near-term growth (yrs 1–5)(%)Rev: 20.7% / EPS: 9.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.12%

Computed WACC: 6.12%

Cost of equity (Re)8.80%(Rf 4.30% + β 0.82 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)69.50%

Debt weight (D/V)30.50%

Results

Intrinsic Value / share$2037.81

Current Price$332.01

Upside / Downside+513.8%

Net Debt (used)$7.87B

Sensitivity: WACC (rows) × Near-term g (cols)

WACC \ Near-term	12.7%	16.7%	20.7%	24.7%	28.7%
7.0%	$1105.53	$1326.29	$1578.68	$1866.02	$2191.85
8.0%	$862.98	$1037.75	$1237.41	$1464.56	$1721.98
9.0%	$696.23	$839.43	$1002.91	$1188.77	$1399.28
10.0%	$574.87	$695.15	$832.36	$988.25	$1164.70
11.0%	$482.82	$585.76	$703.10	$836.32	$987.01

2 — Graham Number

Assumptions

MultiplierGraham used 22.5 (15× P/E × 1.5× P/B)

EPS (trailing)($)Yahoo: $15.04

Book Value / share($)Yahoo: $56.81

Results

Graham Number$138.66

Current Price$332.01

Margin of Safety-58.2%

Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.12%

Terminal growth rate(%)

Computed WACC: 6.12%

Cost of equity (Re)8.80%(Rf 4.30% + β 0.82 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)69.50%

Debt weight (D/V)30.50%

Results

Current Price$332.01

Implied Near-term FCF Growth-4.3%

Historical Revenue Growth20.7%

Historical Earnings Growth9.0%

Base FCF (TTM)$1.80B

Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Annual dividend D0($/share)Yahoo: —

Dividend growth rate (g)(%)

Required return (r)(%)

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.

DDM Intrinsic Value / share—

Current Price$332.01

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $2.29B

Target EV/EBITDA multipleCurrent: 13.4×

Net Debt($B)Default: $7.87B

Results

Implied Equity Value / share$327.90

Current Price$332.01

Upside / Downside-1.2%

Implied EV$30.81B

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	$3.87B	$5.87B	$7.87B	$9.87B	$11.87B
9.4x	$254.08	$225.50	$196.91	$168.32	$139.73
11.4x	$319.58	$290.99	$262.40	$233.82	$205.23
13.4x	$385.08	$356.49	$327.90	$299.31	$270.72
15.4x	$450.57	$421.99	$393.40	$364.81	$336.22
17.4x	$516.07	$487.48	$458.89	$430.31	$401.72

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