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Stocks GTM DCF valuation

DCF valuation

What is ZoomInfo Technologies Inc. worth?

With the base-case assumptions below, a discounted cash flow model on ZoomInfo Technologies Inc.'s reported free cash flow gives $36.25 per share. The share price was $3.75 on September 25, 2026, 90% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$389.3M
Average free cash flow, last 5 years
$353.2M
Cash
$147.6M
balance sheet of June 30, 2026
Debt
$1.26B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
324,014,369
Revenue growth per year, last 5 years
21.3%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$20.67+451%
Base15.0%9.0%2.5%9.0%$36.25+867%
Bull20.0%11.5%3.0%8.0%$65.26+1,640%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$48.04$51.72$56.22$61.83$69.06
8.0%$39.18$41.57$44.39$47.77$51.90
9.0%$32.74$34.37$36.25$38.45$41.04
10.0%$27.85$29.01$30.32$31.83$33.56
11.0%$24.03$24.88$25.83$26.90$28.11

Where the presets come from

Base: years 1 to 5 grow at ZoomInfo Technologies Inc.'s revenue growth rate over the last 5 fiscal years (21.3% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

ZoomInfo Technologies Inc. company page