Discounted Cash Flow
Paychex Inc.
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $3.0b | $756.8m | $920.5m | 25.6% | $2.10 |
| 2017 | $3.2b (6.8%) | $817.3m (8.0%) | $866.1m (-5.9%) | 25.9% (1.2%) | $2.27 (8.1%) |
| 2018 | $3.4b (7.3%) | $933.7m (14.2%) | $1.1b (29.6%) | 27.6% (6.5%) | $2.60 (14.5%) |
| 2019 | $3.7b (9.2%) | $1.0b (10.8%) | $1.1b (2.3%) | 28.0% (1.5%) | $2.88 (10.8%) |
| 2020 | $4.0b (7.1%) | $1.1b (6.2%) | $1.3b (14.5%) | 27.8% (-0.9%) | $3.06 (6.3%) |
| 2021 | $4.0b (1.1%) | $1.1b (-0.1%) | $1.1b (-12.8%) | 27.5% (-1.2%) | $3.05 (-0.3%) |
| 2022 | $4.6b (13.9%) | $1.4b (26.9%) | $1.4b (19.8%) | 30.6% (11.4%) | $3.86 (26.6%) |
| 2023 | $4.9b (7.8%) | $1.6b (11.8%) | $1.6b (13.4%) | 31.7% (3.8%) | $4.32 (11.9%) |
| 2024 | $5.1b (4.6%) | $1.7b (8.5%) | $1.7b (11.6%) | 32.9% (3.8%) | $4.69 (8.6%) |
| 2025 | $5.4b (5.4%) | $1.7b (-2.0%) | $1.7b (-1.6%) | 30.6% (-7.0%) | $4.60 (-1.9%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
Values abbreviated: b = billions, m = millions, k = thousands.
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): —
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.