Valuation
26% of the score
83median 56
Corpay is valued at 13.7x its operating profit before acquisition amortisation (EBITA), including debt: an ordinary multiple.
60x
50x
35x
25x
18x
12x
8x
13.7x
Full points at 8x or less, none from 60xfull points
CPAYCorpay
$396.21+25% 1Y
$396.21
$255.0052 weeks$425.23
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 71 out of 100, Above average
Today's price. Only valuation depends on it.
Above average. Corpay scores higher than 76% of the 1,794 companies Ryufin scores.
Carried by valuation and return on new capital, held back by the balance sheet.
Financial Services median 63 · all companies 57
How the score has moved
At each fiscal year end, from the reports and price of the time64
66
69
66
69
69
71
202020212022202320242025today
Return on capital
18% of the score
59median 34
Over 7 years the business earned 11% a year after tax on the capital it uses.
2%
8%
15%
25%
11%
None at 2% or less, full points from 25%full points
7 years agolatest 10%
Return on new capital
16% of the score
77median 49
For every dollar of operating profit earned over 6 years, yearly profit grew by 8 cents. New capital earned 10%, and 78% of profit went back into the business.
-5%
12%
8.1%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
80median 67
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countDown 3.9% a year over 5 years: buybacks
1005%
-3%
-3.9%
0 pointsfull points
Assets against salesAssets grew 19% a year, sales 14%
4912%
-2%
5.1%
0 pointsfull points
Cycle position
12% of the score
65median 62
Today's operating margin of 44% is 1.00x its normal 44%: close to its usual level. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
1x
A trough earns points, a peak costs themfull points
10 years agonow 44%
Balance sheet
8% of the score
23median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA3.9x a year of EBITDA
144.5x
0.5x
3.9x
0 pointsfull points
Interest coverOperating profit covers interest 5x
331.5x
12x
4.9x
0 pointsfull points
Earnings quality
6% of the score
85median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 1.81x profit over 3 years
1000.7x
1x
1.3x
1.8x
0 pointsfull points
AccrualsCash ran ahead of profit by 1.9% of assets
708%
0%
-8%
-1.9%
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there.
Software, Infrastructure
The closest names by size in the same industry