TGM's two-stage DCF values Dlocal Limited (DLO) between $19.44 and $33.14 depending on assumptions, with a base case of $25.44. 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 (8.5%) reflects its beta.
What would today's price require?
$14.17 is justified only if free cash flow grows about +2.8% a year (fading to 2.5% long-run) at a 8.5% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 15.0%/yr | 9.5% | $19.44 |
| Base case | 18.0%/yr | 8.5% | $25.44 |
| Optimistic | 20.0%/yr | 7.5% | $33.14 |
| Third-party model estimate (FMP) | independent reference · retrieved Aug 16, 2026 · assumptions not provided | $90.32 | |
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
$14.17
Market-Implied Growth
+2.8%/yr
vs +57.2% 5Y actual
Model Scenario Range
$19.44 – $33.14
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 DLO (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 $221.2M · 0.29B shares · net cash $337.6M
Estimated Fair Value
$25.44
+79.5% vs $14.17
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 $14.17; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.5% | $31.76 | $34.78 | $38.54 | $43.38 | $49.82 |
| 7.5% | $26.32 | $28.30 | $30.67 | $33.57 | $37.19 |
| 8.5% | $22.44 | $23.83 | $25.44 | $27.35 | $29.63 |
| 9.5% | $19.55 | $20.56 | $21.72 | $23.05 | $24.61 |
| 10.5% | $17.31 | $18.08 | $18.94 | $19.92 | $21.03 |
