Mulya.ai
Ticker
PAYX
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?Analyst
Reinvestment est.?projected
R&D capitalizedNo
Leases factoredNo
Key Assumptions
WACC ?8.1%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.902
Beta (levered) ?1.005
Terminal OM% ?33.3%
Segment conc. ?75% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.72%
ROIC option ?Opt 4 · 22.8%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

PAYX · Paychex, Inc.

$91.702026-05-17
Sector: Industrials; Industry: Staffing & Employment Services; Sub-Industry: Human Resource & Employment Services

Intrinsic Value Range Comparison · Mulya.ai

Bull
$98
+6.5% vs market
Base · active
$89
-3.3% vs market
Bear
$86
-6.5% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $86
Base $89
Market $92
Bull $98
Median $120
Market Price $92
Mulya.ai Base $89
Analysts Median $120
Mulya.ai IV range ($86 · $98)
Analysts Range ($98 · $135)
Fundamentals · historical + forward · base
italics = DCF projection
PeriodRevenueRev Gr ?Ops M% ?Tax Rate ?NOPAT ?
Reinvest ?
FCFF ?WACC% ?PV FCFF ?ROIC ?Inv. Cap ?EPS ?P/E
2022.Q3$4.1B36.0%23.7%$1.1B−$225MM$889MM5.7%40.7%$2.7B$3.04
2023.Q3$4.6B13.7%39.9%23.8%$1.4B−$269MM$1.1B7.8%52.0%$2.7B$3.86
2024.Q3$5.0B8.6%40.6%24.2%$1.5B−$233MM$1.3B7.7%56.2%$2.8B$4.32
2025.Q3$5.3B5.4%41.2%23.6%$1.7B−$234MM$1.4B8.8%53.9%$3.3B$4.69
2026.Q3$6.3B20.0%36.9%23.7%$1.8B−$3.3B−$1.5B8.2%34.0%$7.1B$4.5414.1
italics below = DCF projection · 10yr Rev CAGR: 4.7%
2027.Q3$6.8B+7.7%39.5%23.4%$2.1B−$1.2B$830MM8.2%$767MM26.6%$8.4B$5.7316.0
2028.Q3$7.2B+5.4%39.5%23.0%$2.2B−$747MM$1.4B8.2%$1.2B25.0%$9.1B$6.0715.1
2029.Q3$7.5B+4.6%39.5%22.6%$2.3B−$550MM$1.8B8.2%$1.4B24.5%$9.7B$6.3814.4
2030.Q3$7.8B+4.3%39.5%22.2%$2.4B−$463MM$1.9B8.3%$1.4B24.4%$10.1B$6.6913.7
2031.Q3$8.2B+4.2%39.5%21.9%$2.5B−$411MM$2.1B8.3%$1.4B24.4%$10.5B$7.0013.1
Term. Yr+$10.4B4.1%33.3%20.0%$2.8B−$499MM$2.3B8.6%$22.7B22.8%
Active scenario IV: $89 (-3.3% vs market)