DLocal Limited

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $230M normalized annual FCF base (estimated from TTM revenue of $1.36B at an ~18% net margin, consistent with recent profitability); 20% FCF growth years 1-5, 10% years 6-10; 12% discount rate; 3% terminal growth; $747.9M net cash ($815.3M cash less $67.4M total debt); 288.42M shares outstanding.

Reasoning: DLocal is a high-growth emerging-markets cross-border payments platform with TPV growth consistently above 50% YoY, so a DCF with elevated near-term growth is appropriate, offset by a higher discount rate reflecting emerging-market currency, regulatory, and competitive risk.