investorscraft@gmail.com

Intrinsic value of Paychex, Inc. (PAYX)

Previous Close$117.33
Intrinsic Value
Upside potential
Previous Close
$117.33

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Cash & ST Investments
Total debt
Market cap, m$
42,215

Based on fiscal year data as of 2021-05-31 and quarterly data as of 2022-02-28.

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %0.4NaN
Revenue, $4057NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m2596NaN
Operating income, $m1461NaN
EBITDA, $m1653NaN
Interest expense (income), $mNaN
Earnings before tax, $m1435NaN
Tax expense, $m337NaN
Net income, $m1098NaN

BALANCE SHEET

Cash and short-term investments, $m1083NaN
Total assets, $m9354NaN
Adjusted assets (=assets-cash), $m8271NaN
Average production assets, $m2620NaN
Working capital, $m1232NaN
Total debt, $m926NaN
Total liabilities, $m6406NaN
Total equity, $m2948NaN
Debt-to-equity ratio0.314NaN
Adjusted equity ratio0.230NaN

CASH FLOW

Net income, $m1098NaN
Depreciation, amort., depletion, $m192NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m1260NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-115NaN
Free cash flow, $m1375NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m1232
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
HomeMenu