CORPAY INC (CPAY) Stock Fundamental Analysis
NYSE:CPAY - New York Stock Exchange, Inc. - US2199481068 - Common Stock - Currency: USD
Taking everything into account, CPAY scores 5 out of 10 in our fundamental rating. CPAY was compared to 101 industry peers in the Financial Services industry. While CPAY has a great profitability rating, there are some minor concerns on its financial health. CPAY is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
CPAY had positive earnings in the past year.
CPAY had a positive operating cash flow in the past year.
In the past 5 years CPAY has always been profitable.
CPAY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.59%, CPAY is in the better half of the industry, outperforming 79.21% of the companies in the same industry.
With an excellent Return On Equity value of 32.15%, CPAY belongs to the best of the industry, outperforming 91.09% of the companies in the same industry.
CPAY's Return On Invested Capital of 12.17% is amongst the best of the industry. CPAY outperforms 87.13% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CPAY is in line with the industry average of 11.69%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.59% | ||
| ROE | 32.15% | ||
| ROIC | 12.17% |
ROA(3y)6.24%
ROA(5y)6.25%
ROE(3y)33.21%
ROE(5y)29.98%
ROIC(3y)12.51%
ROIC(5y)11.72%
1.3 Margins
CPAY has a Profit Margin of 25.25%. This is amongst the best in the industry. CPAY outperforms 82.18% of its industry peers.
In the last couple of years the Profit Margin of CPAY has declined.
With an excellent Operating Margin value of 44.18%, CPAY belongs to the best of the industry, outperforming 83.17% of the companies in the same industry.
In the last couple of years the Operating Margin of CPAY has remained more or less at the same level.
Looking at the Gross Margin, with a value of 78.13%, CPAY belongs to the top of the industry, outperforming 86.14% of the companies in the same industry.
CPAY's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.18% | ||
| PM (TTM) | 25.25% | ||
| GM | 78.13% |
OM growth 3Y0.25%
OM growth 5Y-1.02%
PM growth 3Y-5.18%
PM growth 5Y-5.66%
GM growth 3YN/A
GM growth 5Y-4.82%
2. Health
2.1 Basic Checks
CPAY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, CPAY has less shares outstanding
Compared to 5 years ago, CPAY has less shares outstanding
The debt/assets ratio for CPAY is higher compared to a year ago.
2.2 Solvency
CPAY has an Altman-Z score of 2.23. This is not the best score and indicates that CPAY is in the grey zone with still only limited risk for bankruptcy at the moment.
CPAY has a Altman-Z score of 2.23. This is in the better half of the industry: CPAY outperforms 79.21% of its industry peers.
CPAY has a debt to FCF ratio of 4.53. This is a neutral value as CPAY would need 4.53 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.53, CPAY is in the better half of the industry, outperforming 68.32% of the companies in the same industry.
A Debt/Equity ratio of 2.10 is on the high side and indicates that CPAY has dependencies on debt financing.
With a Debt to Equity ratio value of 2.10, CPAY is not doing good in the industry: 65.35% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 4.53 | ||
| Altman-Z | 2.23 |
ROIC/WACC1.5
WACC8.13%
2.3 Liquidity
A Current Ratio of 1.00 indicates that CPAY may have some problems paying its short term obligations.
CPAY's Current ratio of 1.00 is in line compared to the rest of the industry. CPAY outperforms 48.51% of its industry peers.
CPAY has a Quick Ratio of 1.00. This is a bad value and indicates that CPAY is not financially healthy enough and could expect problems in meeting its short term obligations.
CPAY's Quick ratio of 1.00 is in line compared to the rest of the industry. CPAY outperforms 51.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 12.78% over the past year.
Measured over the past years, CPAY shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.03% on average per year.
Looking at the last year, CPAY shows a small growth in Revenue. The Revenue has grown by 5.77% in the last year.
The Revenue has been growing by 8.45% on average over the past years. This is quite good.
EPS 1Y (TTM)12.78%
EPS 3Y12.9%
EPS 5Y10.03%
EPS Q2Q%10%
Revenue 1Y (TTM)5.77%
Revenue growth 3Y11.94%
Revenue growth 5Y8.45%
Sales Q2Q%7.53%
3.2 Future
CPAY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.50% yearly.
CPAY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.37% yearly.
EPS Next Y12.84%
EPS Next 2Y14.61%
EPS Next 3Y15.92%
EPS Next 5Y17.5%
Revenue Next Year10.64%
Revenue Next 2Y10.54%
Revenue Next 3Y10.4%
Revenue Next 5Y9.37%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CPAY is valuated correctly with a Price/Earnings ratio of 16.89.
CPAY's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.03, CPAY is valued a bit cheaper.
A Price/Forward Earnings ratio of 13.14 indicates a correct valuation of CPAY.
The rest of the industry has a similar Price/Forward Earnings ratio as CPAY.
CPAY's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.89 | ||
| Fwd PE | 13.14 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CPAY is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, CPAY is valued a bit cheaper than the industry average as 72.28% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.05 | ||
| EV/EBITDA | 13.79 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CPAY has a very decent profitability rating, which may justify a higher PE ratio.
CPAY's earnings are expected to grow with 15.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.32
PEG (5Y)1.68
EPS Next 2Y14.61%
EPS Next 3Y15.92%
5. Dividend
5.1 Amount
CPAY does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
328
-12.83 (-3.76%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners95.47%
Inst Owner Change4.12%
Ins Owners3.33%
Ins Owner Change4.82%
Market Cap23.04B
Analysts80.77
Price Target404.12 (23.21%)
Short Float %2.29%
Short Ratio2.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.61%
Min EPS beat(2)-1.78%
Max EPS beat(2)-1.45%
EPS beat(4)0
Avg EPS beat(4)-1.51%
Min EPS beat(4)-1.78%
Max EPS beat(4)-1.06%
EPS beat(8)1
Avg EPS beat(8)-1.44%
EPS beat(12)4
Avg EPS beat(12)-0.27%
EPS beat(16)7
Avg EPS beat(16)0.24%
Revenue beat(2)0
Avg Revenue beat(2)-2.6%
Min Revenue beat(2)-3.5%
Max Revenue beat(2)-1.7%
Revenue beat(4)0
Avg Revenue beat(4)-2.32%
Min Revenue beat(4)-3.5%
Max Revenue beat(4)-1.7%
Revenue beat(8)1
Avg Revenue beat(8)-2.34%
Revenue beat(12)3
Avg Revenue beat(12)-1.25%
Revenue beat(16)6
Avg Revenue beat(16)-0.73%
PT rev (1m)-4.5%
PT rev (3m)-2.33%
EPS NQ rev (1m)-0.11%
EPS NQ rev (3m)-0.62%
EPS NY rev (1m)-0.17%
EPS NY rev (3m)-0.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.19%
Revenue NY rev (1m)0.29%
Revenue NY rev (3m)-0.86%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.89 | ||
| Fwd PE | 13.14 | ||
| P/S | 5.8 | ||
| P/FCF | 13.05 | ||
| P/OCF | 11.87 | ||
| P/B | 7.38 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.79 |
EPS(TTM)19.42
EY5.92%
EPS(NY)24.97
Fwd EY7.61%
FCF(TTM)25.13
FCFY7.66%
OCF(TTM)27.62
OCFY8.42%
SpS56.58
BVpS44.45
TBVpS-75.06
PEG (NY)1.32
PEG (5Y)1.68
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.59% | ||
| ROE | 32.15% | ||
| ROCE | 18.98% | ||
| ROIC | 12.17% | ||
| ROICexc | 14.27% | ||
| ROICexgc | 206.41% | ||
| OM | 44.18% | ||
| PM (TTM) | 25.25% | ||
| GM | 78.13% | ||
| FCFM | 44.42% |
ROA(3y)6.24%
ROA(5y)6.25%
ROE(3y)33.21%
ROE(5y)29.98%
ROIC(3y)12.51%
ROIC(5y)11.72%
ROICexc(3y)14.83%
ROICexc(5y)13.92%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)18.71%
ROCE(5y)16.98%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y1.1%
ROICexc growth 5Y0.59%
OM growth 3Y0.25%
OM growth 5Y-1.02%
PM growth 3Y-5.18%
PM growth 5Y-5.66%
GM growth 3YN/A
GM growth 5Y-4.82%
F-Score5
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 4.53 | ||
| Debt/EBITDA | 3.11 | ||
| Cap/Depr | 49.9% | ||
| Cap/Sales | 4.41% | ||
| Interest Coverage | 3.54 | ||
| Cash Conversion | 92.1% | ||
| Profit Quality | 175.88% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 2.23 |
F-Score5
WACC8.13%
ROIC/WACC1.5
Cap/Depr(3y)47.52%
Cap/Depr(5y)42.51%
Cap/Sales(3y)4.31%
Cap/Sales(5y)4.03%
Profit Quality(3y)145.81%
Profit Quality(5y)152.95%
High Growth Momentum
Growth
EPS 1Y (TTM)12.78%
EPS 3Y12.9%
EPS 5Y10.03%
EPS Q2Q%10%
EPS Next Y12.84%
EPS Next 2Y14.61%
EPS Next 3Y15.92%
EPS Next 5Y17.5%
Revenue 1Y (TTM)5.77%
Revenue growth 3Y11.94%
Revenue growth 5Y8.45%
Sales Q2Q%7.53%
Revenue Next Year10.64%
Revenue Next 2Y10.54%
Revenue Next 3Y10.4%
Revenue Next 5Y9.37%
EBIT growth 1Y5.97%
EBIT growth 3Y12.22%
EBIT growth 5Y7.35%
EBIT Next Year31.88%
EBIT Next 3Y17.56%
EBIT Next 5Y16.95%
FCF growth 1Y-9.34%
FCF growth 3Y17.6%
FCF growth 5Y10.19%
OCF growth 1Y-7.64%
OCF growth 3Y17.47%
OCF growth 5Y10.8%