TGM's two-stage DCF values Payoneer Global Inc. (PAYO) between $9.05 and $14.68 depending on assumptions, with a base case of $11.55. Growth is taken from the company's own record (5-year revenue CAGR (FCF growth too volatile to use) (capped at 18%)), fading to 2.5% long-run; the discount rate (8.8%) reflects its beta.
What would today's price require?
$7.16 is justified only if free cash flow grows about +4.3% a year (fading to 2.5% long-run) at a 8.8% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 15.0%/yr | 9.8% | $9.05 |
| Base case | 18.0%/yr | 8.8% | $11.55 |
| Optimistic | 20.0%/yr | 7.8% | $14.68 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 6, 2026 · assumptions not provided | $9.85 | |
The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.
Current Price
$7.16
Market-Implied Growth
+4.3%/yr
vs +22.2% 5Y actual
Model Scenario Range
$9.05 – $14.68
model output — not a price target
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for PAYO (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $114.1M · 0.34B shares · net cash $415.5M
Estimated Fair Value
$11.55
+61.4% vs $7.16
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 18.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $7.16; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.8% | $14.10 | $15.28 | $16.74 | $18.57 | $20.96 |
| 7.8% | $11.91 | $12.71 | $13.65 | $14.78 | $16.18 |
| 8.8% | $10.33 | $10.90 | $11.55 | $12.31 | $13.21 |
| 9.8% | $9.14 | $9.55 | $10.03 | $10.57 | $11.19 |
| 10.8% | $8.20 | $8.52 | $8.88 | $9.28 | $9.73 |
