Discounted Cash Flow

Payoneer Global Inc.

PAYO · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2019 $317.8m $-625.0k $-23.5m -0.2% $-0.33
2020 $345.6m (8.8%) $-23.7m (-3699.4%) $4.5m (119.3%) -6.9% (-3393.3%) $-0.80 (-142.4%)
2021 $473.4m (37.0%) $-34.0m (-43.1%) $13.1m (189.5%) -7.2% (-4.5%) $-0.33 (58.8%)
2022 $627.6m (32.6%) $-12.0m (64.8%) $73.5m (459.7%) -1.9% (73.4%) $-0.03 (90.9%)
2023 $831.1m (32.4%) $93.3m (879.7%) $151.0m (105.6%) 11.2% (688.8%) $0.26 (966.7%)
2024 $977.7m (17.6%) $121.2m (29.8%) $168.7m (11.7%) 12.4% (10.4%) $0.34 (30.8%)
2025 $1.1b (7.7%) $73.2m (-39.6%) $206.6m (22.4%) 7.0% (-43.9%) $0.20 (-41.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model