Professional
Added to YB: 2024-08-27
Pitch date: 2024-08-23
CPAY [bullish]
Corpay, Inc.
+4.24%
current return
Author Info
No bio for this author
Company Info
Corpay, Inc. operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally.
Market Cap
$19.1B
Pitch Price
$299.45
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.12
P/E
18.53
EV/Sales
5.88
Sector
Financial Services
Category
growth
Third Point Portfolio Holding: Corpay, Inc.
CPAY: Corpay (ex-FLEETCOR) added. Fuel cards (>70% rev) + B2B payments. 20% EPS CAGR since 2010 IPO. P/E de-rated to 13x on EV concerns, but B2B growing 15-20%. CEO Clarke's strong capital allocation: $2B M&A/buybacks (7% accretive to 2025 EPS). Rare high-growth, high-margin, high-ROIC at low valuation.
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