(DLO) Dlocal - NASDAQ
Sector: Technology | Industry: Software - Infrastructure | Exchange: NASDAQ (USA) | Market Cap: 3.308m USD | Total Return: 10.6% in 12m
Avg Turnover: 31.2M
EPS Trend: 83.4%
Qual. Beats: 0
Rev. Trend: 97.3%
Qual. Beats: 0
Warnings
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
DLocal Limited (DLO) is a Montevideo-based financial technology firm specializing in cross-border and local payment processing across emerging markets. The company’s infrastructure enables global merchants to accept diverse payment forms, including international credit cards, bank transfers, and regional alternative payment methods (APMs), while also facilitating automated pay-outs to sellers and service providers.
The company operates within the high-growth pay-fac (payment facilitator) sector, acting as a bridge between multinational enterprises and fragmented financial ecosystems in regions like Latin America, Africa, and Asia. By consolidating hundreds of local payment methods into a single API, DLocal reduces the operational complexity for clients in industries ranging from e-commerce and streaming to financial services and ride-hailing.
Investors looking for deeper financial metrics should evaluate detailed performance data on ValueRay. This business model relies on a land and expand strategy, where revenue scales as existing global merchants enter additional geographic territories through the DLocal platform.
- Alternative payment method adoption across emerging markets drives transaction volume growth
- High merchant concentration risks revenue stability if Tier 1 clients churn
- Currency devaluation in Latin American markets pressures reported net income margins
- Expansion into African and Asian corridors diversifies geographic revenue streams
- Regulatory shifts in cross-border capital controls impact operational cost structure
| Net Income: 192.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA -1.88 > 1.0 |
| NWC/Revenue: 33.97% < 20% (prev 57.95%; Δ -23.98% < -1%) |
| CFO/TA 0.23 > 3% & CFO 418.5m > Net Income 192.1m |
| Net Debt (-553.1m) to EBITDA (262.6m): -2.11 < 3 |
| Current Ratio: 1.33 > 1.5 & < 3 |
| Outstanding Shares: last quarter (299.8m) vs 12m ago -3.55% < -2% |
| Gross Margin: 36.00% > 18% (prev 40.68%; Δ -4.68% > 0.5%) |
| Asset Turnover: 79.07% > 50% (prev 62.68%; Δ 16.39% > 0%) |
| Interest Coverage Ratio: 8.29 > 6 (EBIT TTM 233.9m / Interest Expense TTM 28.2m) |
| A: 0.23 (Total Current Assets 1.68b - Total Current Liabilities 1.27b) / Total Assets 1.83b |
| B: 0.28 (Retained Earnings 519.6m / Total Assets 1.83b) |
| C: 0.15 (EBIT TTM 233.9m / Avg Total Assets 1.53b) |
| D: 0.43 (Book Value of Equity 553.1m / Total Liabilities 1.27b) |
| Altman-Z'' = 3.89 = AA |
| DSRI: 1.00 (Receivables 740.4m/477.3m, Revenue 1.21b/778.3m) |
| GMI: 1.13 (GM 40.68% / 36.00%) |
| AQI: 1.06 (AQ_t 0.08 / AQ_t-1 0.07) |
| SGI: 1.56 (Revenue 1.21b / 778.3m) |
| TATA: -0.12 (NI 192.1m - CFO 418.5m) / TA 1.83b) |
| Beneish M = -2.49 (Cap -4..+1) = BBB |
As of June 09, 2026, the stock is trading at USD 11.49 with a total of 1,769,690 shares traded.
Over the past week, the price has changed by -4.41%,
over one month by -14.72%,
over three months by +0.72% and
over the past year by +10.64%.
Dlocal has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold DLO.
- StrongBuy: 2
- Buy: 1
- Hold: 7
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 17.4 | 51% |
P/E Trailing = 17.5625
P/E Forward = 13.5318
P/S = 2.7275
P/B = 6.2618
Revenue TTM = 1.21b USD
EBIT TTM = 233.9m USD
EBITDA TTM = 262.6m USD
Long Term Debt = 2.31m USD (from longTermDebtTotal, last fiscal year)
Short Term Debt = 1.00m USD (from shortTermDebt, last quarter)
Debt = 2.76m USD (from shortLongTermDebtTotal, last quarter) (leases 2.76m already included)
Net Debt = -553.1m USD (calculated: Debt 2.76m - CCE 555.9m)
Enterprise Value = 2.75b USD (3.31b + Debt 2.76m - CCE 555.9m)
Interest Coverage Ratio = 8.29 (Ebit TTM 233.9m / Interest Expense TTM 28.2m)
EV/FCF = 11.07x (Enterprise Value 2.75b / FCF TTM 248.8m)
FCF Yield = 9.03% (FCF TTM 248.8m / Enterprise Value 2.75b)
FCF Margin = 20.51% (FCF TTM 248.8m / Revenue TTM 1.21b)
Net Margin = 15.84% (Net Income TTM 192.1m / Revenue TTM 1.21b)
Gross Margin = 36.00% ((Revenue TTM 1.21b - Cost of Revenue TTM 776.1m) / Revenue TTM)
Gross Margin QoQ = 35.34% (prev 34.27%)
Tobins Q-Ratio = 1.51 (Enterprise Value 2.75b / Total Assets 1.83b)
Interest Expense / Debt = 1.02k% (Interest Expense 28.2m / Debt 2.76m)
Taxrate = 17.62% (41.1m / 233.3m)
NOPAT = 192.7m (EBIT 233.9m * (1 - 17.62%))
Current Ratio = 0.70 (Total Current Assets 1.68b / Total Current Liabilities 2.38b)
Debt / Equity = 0.00 (Debt 2.76m / totalStockholderEquity, last quarter 553.1m)
Debt / EBITDA = -2.11 (Net Debt -553.1m / EBITDA 262.6m)
Debt / FCF = -2.22 (Net Debt -553.1m / FCF TTM 248.8m)
Total Stockholder Equity = 518.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 12.53% (Net Income 192.1m / Total Assets 1.83b)
RoE = 37.04% (Net Income TTM 192.1m / Total Stockholder Equity 518.7m)
RoCE = 44.88% (EBIT 233.9m / Capital Employed (Equity 518.7m + L.T.Debt 2.31m))
RoIC = 38.46% (NOPAT 192.7m / Invested Capital 500.9m)
WACC = 10.07% (E(3.31b)/V(3.31b) * Re(10.08%) + (debt cost/tax rate unavailable))
Discount Rate = 10.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -15.56 | Cagr: 0.62%
[DCF] Terminal Value 72.61% ; FCFF base≈226.3m ; Y1≈259.4m ; Y5≈381.7m
[DCF] Fair Price = 27.85 (EV 4.41b - Net Debt -553.1m = Equity 4.96b / Shares 178.0m; r=10.07% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 83.37 | EPS CAGR: 19.05% | SUE: 0.0 | # QB: 0
Revenue Correlation: 97.33 | Revenue CAGR: 30.31% | SUE: 0.20 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.21 | Chg30d=+0.10% | Revisions=-20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.23 | Chg30d=+1.64% | Revisions=-20% | Analysts=2
EPS current Year (2026-12-31): EPS=0.86 | Chg30d=-2.09% | Revisions=-20% | GrowthEPS=+6.7% | GrowthRev=+40.5%
EPS next Year (2027-12-31): EPS=1.10 | Chg30d=+0.55% | Revisions=-33% | GrowthEPS=+28.3% | GrowthRev=+27.6%
[Analyst] Revisions Ratio: -33%