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 ?7.8%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.830
Beta (levered) ?0.910
Terminal OM% ?32.6%
Segment conc. ?75% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.72%
ROIC option ?Opt 4 · 19.9%
Prob of failure ?0.0%
Pipeline validated · 2026-07-21

PAYX · Paychex, Inc.

$99.902026-07-21
Sector: Industrials; Industry: Staffing & Employment Services; Sub-Industry: Human Resource & Employment Services

Intrinsic Value Range Comparison · Mulya.ai

Bull
$96
-3.8% vs market
Base · active
$84
-16.4% vs market
Bear
$74
-26.1% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $74
Base $84
Bull $96
Market $100
Median $103
Market Price $100
Mulya.ai Base $84
Analysts Median $103
Mulya.ai IV range ($74 · $96)
Analysts Range ($98 · $110)
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
2024.Q4$5.3B41.2%23.8%$1.7B−$483MM$1.2B7.7%53.2%$3.1B$4.72
2025.Q3$5.6B5.6%39.6%23.6%$1.7B−$234MM$1.5B8.8%52.3%$3.3B$4.63
2025.Q4$5.6B0.0%39.6%23.8%$1.7B−$3.3B−$1.6B8.0%31.2%$7.4B$4.63
2026.Q3$6.5B16.9%38.6%23.7%$1.9B−$3.3B−$1.4B8.2%26.3%$7.1B$4.91
2026.Q4$6.5B0.0%38.6%23.8%$1.9B$83MM$2.0B7.8%26.8%$7.1B$4.9114.3
italics below = DCF projection · 10yr Rev CAGR: 4.6%
2027.Q4$6.9B+5.4%38.6%23.4%$2.0B−$1.4B$666MM7.9%$617MM26.0%$8.5B$5.6617.7
2028.Q4$7.2B+5.5%38.6%23.1%$2.1B−$1.1B$1.0B7.9%$901MM23.8%$9.6B$6.0016.7
2029.Q4$7.6B+5.2%38.6%22.7%$2.3B−$881MM$1.4B8.0%$1.1B22.7%$10.5B$6.3415.8
2030.Q4$8.0B+4.6%38.6%22.3%$2.4B−$688MM$1.7B8.1%$1.2B22.1%$11.1B$6.6615.0
2031.Q4$8.3B+4.4%38.6%21.9%$2.5B−$589MM$1.9B8.2%$1.3B21.9%$11.7B$6.9914.3
Term. Yr+$10.6B4.1%32.6%20.0%$2.8B−$573MM$2.2B8.6%$22.3B19.9%
Active scenario IV: $84 (-16.4% vs market)