# PayPal CDR (CAD Hedged) (PYPL.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Financial Services / Consumer Lending. Price C$4.13, market value C$63.0 billion.

## Valuation
- **P/E (trailing): 11.2×** (5-yr avg 14.3×, 3-yr avg 14.3×). PayPal CDR (CAD Hedged) trades at 11.2× trailing earnings, well below its own five-year average of 14.3×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 1.8×**. Each dollar of revenue is priced at 1.8×.
- **Price / book: 2.5×**. The shares trade at 2.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 8.7×**. Enterprise value is 8.7× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 10.0%** (5-yr avg 7.4%). Free cash flow equals 10.0% of the market value, above its five-year average of 7.4%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 9.0%**. The inverse of the P/E: 9.0% of the price is earned each year.

## Profitability
- **Gross margin: 45.8%**. PayPal CDR (CAD Hedged) keeps 45.8% of revenue after the direct cost of what it sells.
- **Operating margin: 18.5%**. 18.5% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 15.8%**. 15.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 25.8%**. 25.8% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 26.5%**. Return on all capital, debt included, is 26.5%: comfortably above what that capital costs.
- **Return on assets: 5.9%**. Each dollar of assets produces 5.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 4.3%** (3-yr 6.4%/yr). Revenue grew 4.3% over the last year.
- **EPS growth (1 yr): 35.6%** (3-yr 37.3%/yr). Earnings per share rose 35.6%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 2.9%/yr**. Free cash flow has compounded at 2.9% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 9/9**. 9 of 9 fundamental checks pass: strong and improving financials.
- **Cash and short-term investments: C$10.4 billion**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. PayPal CDR (CAD Hedged) does not currently pay a dividend, but it returned 9.6% of its market value through buybacks over the last year.

## Price and momentum
- **From 52-week high: -7.6%** (48.0% above the low). Trading 8% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 56**. An RSI of 56 is neutral.
- **Beta (1 yr): 0.75** (volatility 45%). Beta of 0.75 against the S&P/TSX Composite: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=PYPL.TO · Page: https://foliofundamentals.com/stocks/pypl.to

Not investment advice.