Stock fact sheet · data as of
Corpay, Inc. (CPAY): fair value, margin of safety and Wheel Score
Ticker symbol CPAY · Technology · Software - Infrastructure · United States · Growth
Is CPAY undervalued?
Corpay, Inc. (CPAY) closed at 418.60 on 5 Nov 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 493.09, so the price sits 15% below it. 5 of the 8 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.
There is a wide gap between Graham Number (146.29) and Graham Growth (760.69). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, CPAY is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 29, growth score 67, out of 100).
Nine valuation models for CPAY
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 550.92 | +32% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 146.29 | -65% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 760.69 | +82% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 308.56 | -26% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 707.35 | +69% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 574.81 | +37% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 685.83 | +64% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 210.27 | -50% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -125.30 | -130% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 457.00 | +9% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Corpay, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 8.2/10 puts CPAY among the more durable businesses we track: over up to ten years its returns on capital have stayed high, its margins steady and its balance sheet sound.
Returns on capital are moderate - ROIC 7.6%, ROE 27.5%, ROA 4.1% - with debt at 2.60 times equity and a free-cash-flow yield of 4.9%. Debt of 2.60 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
Corpay, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Payments 46%, Corporate Payments 44%, Lodging 10% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 4/10 and Congressional trading 1/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 7.6% |
|---|---|---|---|
| GLS Moat | 8.2 / 10 | ROE | 27.5% |
| Debt / equity | 2.60 | ROA | 4.1% |
| Free-cash-flow yield | 4.9% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 4 · 1 / 10 |
Wheel Score 45: Weak
With a Wheel Score of 45 Corpay, Inc. sits in the Weak band. It fails filter 4, financially healthy - Piotroski 5/9 (under 6); and filter 5, can repay its debt - 4.4 years to repay its debt (over 3); Option trading (weak) is its weakest part.
Implied volatility is 37% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 3,077 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 691k shares a day on a market cap of $27.5B, with a beta of 0.92; the Stability part of the Wheel Score rates that strong.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Fails | 4.4 years to repay its debt (over 3) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Fair | 15% below fair value | |
| Premium | Strong | implied volatility 37% | |
| Moat | Strong | moat 8.2/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | Red Flags score 75/100 | |
| Option trading | Weak | 467 contracts a day, 3,077 open interest | |
| Stability | Strong | beta 0.92, $27.5B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 3 Feb 2027, 90 days away - outside the window of a 30-45-day put sold today.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Infrastructure
The 12 companies below are the closest to Corpay, Inc. by market cap within the Software - Infrastructure industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| CRWV CoreWeave, Inc. Class A Common Stock | 48.42 | - | - | 15Weak | $26.7B |
| VRSN VeriSign, Inc. | 318.03 | 178.66 | -78% | 44Weak | $28.5B |
| MDB MongoDB, Inc. | 328.38 | 59.67 | -450% | 37Weak | $26.4B |
| IOT Samsara Inc. | 42.81 | 8.87 | -383% | 42Weak | $25.1B |
| RBRK Rubrik, Inc. | 118.99 | 34.09 | -249% | 28Weak | $24.5B |
| OKTA Okta, Inc. | 191.05 | 82.21 | -132% | 39Weak | $31.9B |
| TWLO Twilio Inc. | 213.50 | 199.26 | -7% | 40Weak | $33.0B |
| ZS Zscaler, Inc. | 224.44 | 107.75 | -108% | 34Weak | $36.6B |
| FFIV F5, Inc. | 329.72 | 268.50 | -23% | 45Weak | $18.7B |
| GEN Gen Digital Inc. | 30.89 | 46.37 | +33% | 55Fair | $18.3B |
| TOST Toast, Inc. | 35.37 | 31.57 | -12% | 43Weak | $18.3B |
| KSPI Joint Stock Company Kaspi.kz | 95.42 | 392.01 | +76% | 84Good | $18.1B |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about CPAY
Is CPAY undervalued right now?
By the GLS models, moderately: at 418.60 the stock trades 15% below the average fair value of 493.09 (data as of 5 Nov 2026).
What is the Wheel Score of CPAY and what does it mean?
CPAY scores 45 out of 100 (Weak) - it fails Wheel Trade Filters 4, 5. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for CPAY?
493.09 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Corpay, Inc. report earnings next?
The next earnings report is due on 3 Feb 2027, 90 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does CPAY have listed options, and how liquid are they?
Yes. The nightly snapshot found 170 listed contracts with 3,077 open interest across all expiries and implied volatility of 37% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.