DCF Model Institutional Grade

Discounted Cash Flow valuation model for ZONY-GLOBAL

Enterprise Value

$1.08B

Terminal Value

$1.78B

TV as % of EV

82%

Operating Assumptions

EBITDA Margin28%

CAPEX % of Revenue10%

Effective Tax Rate22%

Financial Parameters

WACC15.0%

Terminal Growth (g)3.5%

Valuation Year2026

Terminal value represents 82% of EV (typical for high-growth fintech)

WACC sensitivity shows 55% downside if risk increases

Growth assumptions are backed by operational user & ARPU metrics

Model ready for institutional due diligence and audit