Flywire Corp (FLYW) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Flywire Corp stock $11.82, price $21.57, that is 45.2% below the price, quality 63 out of 100. Rating: strongly overvalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $8.42 – $53.96 · fair‑value band $6.89 – $18.72 · the $21.57 price screens above the $11.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Europe, the Middle East, and Africa and the Asia Pacific.
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The company provides a payment platform that integrates into existing apps and workflows and have access to solutions, such as tailored invoicing, settlement and reconciliation tools, single sign-on and checkout, recurring payments, and split payouts.
It also offers a payment network, which has access to a set of payment methods, including banks, third-party payment providers, payment networks, and digital wallets; and direct connections to alternative payment methods consisting of Alipay, Boleto, PayPal / Venmo, and Trustly.
In addition, the company provides vertical-specific software comprising vertical-specific digital workflows; integration and synchronization to core and industry specific systems; real-time access; and predictive analytics. It serves education, healthcare, travel, and B2B industries.
The company was formerly known as peerTransfer Corporation and changed its name to Flywire Corporation in December 2016. Flywire Corporation was incorporated in 2009 and is headquartered in Boston, Massachusetts.
Stock analysis
Flywire Corp (FLYW) currently trades at $21.57, while our model-based Fair Value estimate is $11.82, 45% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $16.13 per share, and 1 of the 11 models we run sit above the $21.57 price.
Bear case: the Asset-Based group reads lowest at $1.50, and 10 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $6.89 (bear) to $18.72 (bull), the price of $21.57 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Flywire Corp reported revenue of $623M in FY2025 versus $201M in FY2021, a compound +32.7%/yr. Reported net income was $13.5M in FY2025.
Key figures
Market cap $2.6B Mid · P/E ratio 34.8 · P/S ratio 3.46 · EPS (TTM) $0.6100 · Net margin 10.3% · Return on equity 9.1% · Return on assets (EBIT) −1.5% (5-year average) · Operating margin 21.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (medium confidence).
What moves the price
The share trades about 1% below its 52-week high and 103% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at −45%, FLYW screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely ($1.43 to $22.23). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear$6.89Fair Value $11.82Bull$18.72
Price $21.57 · Downside -45.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.5231 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 8 officers or directors sold shares worth $14.7M and none bought.
SaleCosmin PitigoiChief Financial Officer4× since Apr 21, 2026: 105,000 shares, avg. $17.69$1.9MNov 4, 202610b5-1 plan
SaleMohit KansalChief Payments Officer5× since May 6, 2026: 92,770 shares, avg. $16.20$1.5MNov 4, 202610b5-1 plan
SaleDavid R. KingOfficer3× since Sep 11, 2026: 129,125 shares, avg. $18.93$2.4MNov 2, 202610b5-1 plan
SalePeter ButterfieldGeneral Counsel and CCO8× since Dec 9, 2025: 87,904 shares, avg. $16.19$1.4MSep 8, 202610b5-1 plan
SaleMichael MassaroChief Executive Officer, Director5× since Mar 2, 2026: 487,500 shares, avg. $16.02$7.8MSep 1, 202610b5-1 plan
SaleVoss Value-Oriented Special Situations Fund, LP10% owner44,768 shares at $18.78$840,743Aug 28, 2026
SaleVoss Capital, LP10% owner120,021 shares at $18.94$2.3MAug 27, 2026
SaleVoss Value Master Fund, LP10% owner2× since Aug 18, 2026: 378,773 shares, avg. $19.07$7.2MAug 25, 2026
SalePhillip John RieseDirector5× since Dec 23, 2025: 95,900 shares, avg. $16.98$1.6MAug 7, 2026
SaleEdwin J SantosDirector2× since Jun 4, 2026: 16,990 shares, avg. $14.47$245,864Jun 8, 2026
Plus 2 more entries from the last 12 months.
Plus 24 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+26.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+29.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+36.4%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+36.8%
’19
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’21
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’23
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’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−12.0% (2020) → 3.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+14.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +11.8% a year for the price and +11.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: The business draws strength from its student payment platform that lifts enrollment and retention at partner schools, yet low margins and ROE show scant proof of a lasting competitive edge.
Main risk: Scaling costs together with payments competition could limit returns by preventing lasting margin gains from the education workflow integrations.
Flywire’s Student Financial Software has enabled more than one million payment plans since inception, with partner institutions seeing a 50 percent increase in enrollment and defaults below 2 percent. This drives higher student retention and more predictable tuition revenue for schools. Our models still see the shares as overvalued. Will the embedded position in education workflows deliver lasting margin gains, or will scaling costs and payments competition limit returns?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Infrastructure · 346 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside−45.2% · Below median
Profitability
Return on equity (12 months)9.1% · Above median
Return on assets1.1% · Below median
Net margin (12 months)10.3% · Above median
Operating margin (12 months)21.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)25.1% · Above median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
P/E (12 months)34.8× · Pricier than median
P/B3.16× · Pricier than median
P/S (12 months)3.46× · Pricier than median
Price / free cash flow (fiscal year)26.7× · Pricier than median
EV/EBITDA27.2× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)100· sector 60
PAST (return on equity)36· sector 23
HEALTH (low debt)98· sector 98
DIVIDEND (yield)0· sector 31
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Flywire Corp Fair Value". https://www.fairvalue-calculator.com/stock/FLYW
Frequently asked questions
Is Flywire Corp (FLYW) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $11.82 versus a price of $21.57, about 45% lower (overvalued).
What is the fair value of FLYW?
Our model-based fair value for Flywire Corp is $11.82 (as of Nov 6, 2026), built from audited fundamentals. The current price: $21.57.
What is the quality score of FLYW?
Flywire Corp has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Flywire Corp (FLYW)?
Our model-based price target is the fair value of $11.82 (as of Nov 6, 2026) from 11 valuation models. Cautious scenario $6.89, optimistic scenario $18.72. It is a calculation from audited fundamentals, not an analyst target.
What is the Flywire Corp stock forecast for 2026?
Our models put fair value at $11.82, about 45% lower versus a price of $21.57 (overvalued). Cautious scenario $6.89, optimistic scenario $18.72. The calculation is refreshed regularly with new filings.
What is the revenue of Flywire Corp (FLYW)?
Flywire Corp reported trailing-twelve-month revenue of about $764M (latest available figure, as of Nov 6, 2026).
What growth is priced into Flywire Corp (FLYW)?
For today's price to be fair in a discounted-cash-flow model, Flywire Corp would have to grow free cash flow by +14.4 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +36.4 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of FLYW use?
Our models discount Flywire Corp at 10.5 %: a base by market capitalisation (mid), damped by beta 1.30, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Flywire Corp that is +14.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Flywire Corp (FLYW) delivered so far?
Over the past 5 years revenue at Flywire Corp grew +36.4 % a year. The price currently implies free-cash-flow growth of +14.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Flywire Corp (FLYW) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Flywire Corp (+14.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Flywire Corp (FLYW)?
The free-cash-flow yield on the price is 3.74 %: that much free cash flow Flywire Corp produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Flywire Corp (FLYW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Flywire Corp it is $11.82 per share (as of Nov 6, 2026), against a price of $21.57. It is the blended result of 11 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Flywire Corp stock overvalued or undervalued in 2026?
As of Nov 6, 2026, FLYW trades above its calculated fair value: price $21.57, fair value $11.82, a gap of about −45% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FLYW?
No. The price is what the market pays today ($21.57); the fair value is what the company's own numbers justify ($11.82). For Flywire Corp the two are $9.75 per share apart. That gap is exactly why we show both numbers side by side.
How much is Flywire Corp worth?
The market values Flywire Corp at about $2.6B (market capitalisation, as of Nov 6, 2026). Per share that is $21.57; our models calculate a fair value of $11.82 per share.
What do the bullish and bearish scenarios say about FLYW?
Our models span a range for Flywire Corp: cautious scenario $6.89, base $11.82, optimistic $18.72 per share (as of Nov 6, 2026, price $21.57). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FLYW?
Flywire Corp trades at a price-to-earnings ratio of 34.8 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $11.82 is built from several models across several years. Other multiples: P/B 3.2, P/S 3.5, EV/EBITDA 27.2.
How solid is the balance sheet of Flywire Corp (FLYW)?
Balance-sheet figures for Flywire Corp (as of Nov 6, 2026): return on equity 9.1%, debt of 0.03 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is FLYW from its 52-week high?
Flywire Corp trades at $21.57, about 1% below its 52-week high of $21.81 and 103% above the low of $10.64 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $11.82 is for.
Which stocks are comparable to Flywire Corp?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Flywire Corp stock attractive at the current price?
The data as of Nov 6, 2026: price $21.57, calculated fair value $11.82 (−45%), Quality Score 63/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FLYW calculated?
We run Flywire Corp through 11 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $11.82 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Flywire Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Flywire Corp (FLYW)?
The closing price on Nov 6, 2026 was $21.57. Our model-based fair value is $11.82, about 45% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Flywire Corp right now?
The price sits above even our optimistic bull case ($18.72). The favourable scenario is already priced in. The model range is unusually wide ($6.89 to $18.72). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Flywire Corp
How large is the market capitalisation of Flywire Corp (FLYW)?
The market capitalisation of Flywire Corp is $2.6B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Flywire Corp (FLYW)?
The price-to-sales ratio of Flywire Corp is 3.46 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Flywire Corp (FLYW)?
Earnings per share at Flywire Corp are $0.6100 (price ÷ EPS = P/E 34.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Flywire Corp (FLYW)?
The net margin of Flywire Corp is 10.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Flywire Corp (FLYW)?
The return on equity (ROE) of Flywire Corp is 9.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Flywire Corp (FLYW)?
On an EBIT basis the return on assets of Flywire Corp is −1.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Flywire Corp (FLYW)?
The operating margin of Flywire Corp is 21.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Flywire Corp (FLYW)?
Revenue at Flywire Corp is growing +25.1% versus a year earlier (3y avg +29.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Flywire Corp (FLYW)?
Earnings per share at Flywire Corp are growing +148% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Flywire Corp (FLYW) hold?
Flywire Corp holds more cash than debt, $330M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 6, 2026