Discounted Cash Flow

Dlocal Ltd. Foreign

DLO · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2019 $55.3m $17.8m $30.6m 32.2% $0.06
2020 $104.1m (88.4%) $31.4m (76.3%) $87.6m (186.6%) 30.2% (-6.4%) $0.10 (66.7%)
2021 $244.1m (134.4%) $85.5m (172.1%) $106.5m (21.6%) 35.0% (16.1%) $0.27 (170.0%)
2022 $418.9m (71.6%) $120.3m (40.7%) $269.0k (-99.7%) 28.7% (-18.0%) $0.37 (37.0%)
2023 $650.4m (55.2%) $178.5m (48.4%) $9.9m (3562.1%) 27.4% (-4.4%) $0.51 (37.8%)
2024 $746.0m (14.7%) $151.0m (-15.4%) $13.8m (40.1%) 20.2% (-26.2%) $0.42 (-17.6%)
2025 $1.1b (46.6%) $228.7m (51.4%) $21.6m (56.3%) 20.9% (3.3%) $0.68 (61.9%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model