DLO Stock Analysis: Dlocal | NASDAQ
Software - Infrastructure | NASDAQ, USA | Market Cap: 4.423m USD | 12M Return: 22.9% | KYG290181018 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 35.7M
EPS Trend: 83.8%
Qual. Beats: 0
Rev. Trend: 96.8%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 5.2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
DLocal Limited (NASDAQ: DLO) is a payment processor that operates within the Transaction & Payment Processing Services sub-industry of the Financials sector. Founded in 2016 and headquartered in Montevideo, Uruguay, the company listed on NASDAQ in June 2021 and is currently classified as a mid-cap stock.
The company delivers cross-border and local-to-local pay-in and pay-out solutions, supporting international and local cards, online bank transfers, direct debit, cash, and a broad set of alternative payment methods (APMs). It also offers dLocal for Platforms to help global platforms manage multi-market payment flows. The core value proposition of the business model is acting as a single integration point between merchants and hundreds of fragmented local payment rails across multiple countries, particularly in emerging markets where card penetration is lower and local methods dominate.
DLocal serves a wide range of verticals, including commerce, streaming, ride-hailing, financial services, remittances, advertising, SaaS, travel, e-learning, on-demand delivery, gaming, and crypto, giving it exposure to multiple high-growth digital consumption trends through one payments infrastructure layer.
- Latin America cross-border volume drives top-line growth
- Take rate pressure intensifies from global payment competition
- Share buyback program supports earnings per share growth
| Net Income: 204.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.19 > 0.02 and ΔFCF/TA 11.43 > 1.0 |
| NWC/Revenue: 29.95% < 20% (prev 40.98%; Δ -11.03% < -1%) |
| CFO/TA 0.20 > 3% & CFO 434.6m > Net Income 204.0m |
| Net Debt (-804.0m) to EBITDA (263.2m): -3.05 < 3 |
| Current Ratio: 1.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (295.9m) vs 12m ago -3.24% < -2% |
| Gross Margin: 34.28% > 18% (prev 40.03%; Δ -5.75% > 0.5%) |
| Asset Turnover: 79.46% > 50% (prev 70.70%; Δ 8.76% > 0%) |
| Interest Coverage Ratio: 17.39 > 6 (EBIT TTM 232.1m / Interest Expense TTM 13.4m) |
| A: 0.19 (Total Current Assets 2.05b - Total Current Liabilities 1.64b) / Total Assets 2.19b |
| B: 0.23 (Retained Earnings 495.3m / Total Assets 2.19b) |
| C: 0.14 (EBIT TTM 232.1m / Avg Total Assets 1.71b) |
| D: 0.33 (Book Value of Equity 540.2m / Total Liabilities 1.65b) |
| Altman-Z'' = 3.21 = A |
| DSRI: 1.50 (Receivables 1.15b/487.3m, Revenue 1.36b/863.5m) |
| GMI: 1.17 (GM 40.03% / 34.28%) |
| AQI: 0.82 (AQ_t 0.06 / AQ_t-1 0.08) |
| SGI: 1.57 (Revenue 1.36b / 863.5m) |
| TATA: -0.11 (NI 204.0m - CFO 434.6m) / TA 2.19b) |
| Beneish M = -2.17 (Cap -4..+1) = BB |
As of September 07, 2026, the stock is trading at USD 15.52 with a total of 1,445,168 shares traded. Over the past week, the price has changed by +3.26%, over one month by +1.44%, over three months by +31.86% and over the past year by +22.91%.
Current recommended Stop Loss: 14.80 (which is 4.6% or 1.3 ATR below the current price).
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 | 18.4 | 18.6% |
P/E Trailing = 22.1029
P/E Forward = 13.5318
P/S = 3.2619
P/B = 8.2521
Revenue TTM = 1.36b USD
EBIT TTM = 232.1m USD
EBITDA TTM = 263.2m USD
Long Term Debt = 2.31m USD (from longTermDebtTotal, last fiscal year)
Short Term Debt = 65.7m USD (from shortTermDebt, last quarter)
Debt = 70.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 2.76m
Net Debt = -804.0m USD (calculated: Debt 70.1m - CCE 874.2m)
Enterprise Value = 3.62b USD (4.42b + Debt 70.1m - CCE 874.2m)
Interest Coverage Ratio = 17.39 (Ebit TTM 232.1m / Interest Expense TTM 13.4m)
EV/FCF = 8.54x (Enterprise Value 3.62b / FCF TTM 423.8m)
FCF Yield = 11.71% (FCF TTM 423.8m / Enterprise Value 3.62b)
FCF Margin = 31.25% (FCF TTM 423.8m / Revenue TTM 1.36b)
Net Margin = 15.04% (Net Income TTM 204.0m / Revenue TTM 1.36b)
Gross Margin = 34.28% ((Revenue TTM 1.36b - Cost of Revenue TTM 891.1m) / Revenue TTM)
Gross Margin QoQ = 31.81% (prev 35.34%)
Tobins Q-Ratio = 1.65 (Enterprise Value 3.62b / Total Assets 2.19b)
Interest Expense / Debt = 19.04% (Interest Expense 13.4m / Debt 70.1m)
Taxrate = 17.44% (43.1m / 247.3m)
NOPAT = 191.6m (EBIT 232.1m * (1 - 17.44%))
Current Ratio = 1.25 (Total Current Assets 2.05b / Total Current Liabilities 1.64b)
Debt / Equity = 0.13 (Debt 70.1m / totalStockholderEquity, last quarter 540.2m)
Debt / EBITDA = -3.05 (Net Debt -804.0m / EBITDA 263.2m)
Debt / FCF = -1.90 (Net Debt -804.0m / FCF TTM 423.8m)
Total Stockholder Equity = 541.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 11.95% (Net Income 204.0m / Total Assets 2.19b)
RoE = 37.65% (Net Income TTM 204.0m / Total Stockholder Equity 541.8m)
RoCE = 42.66% (EBIT 232.1m / Capital Employed (Equity 541.8m + L.T.Debt 2.31m))
RoIC = 35.05% (NOPAT 191.6m / Invested Capital 546.8m)
WACC = 9.93% (E(4.42b)/V(4.49b) * Re(9.84%) + D(70.1m)/V(4.49b) * Rd(19.04%) * (1-Tc(0.17)))
Discount Rate = 9.84% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -47.94 | Cagr: -2.07%
[DCF] Terminal Value 73.03% ; FCFF base≈292.9m ; Y1≈335.7m ; Y5≈494.1m
[DCF] Fair Price = 37.16 (EV 5.81b - Net Debt -804.0m = Equity 6.62b / Shares 178.0m; r=9.93% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 83.76 | EPS CAGR: 19.52% | SUE: -0.60 | # QB: 0
Revenue Correlation: 96.83 | Revenue CAGR: 32.57% | SUE: 1.46 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.22 | Chg30d=+3.79% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=0.85 | Chg30d=-0.13% | Revisions=-17% | GrowthEPS=+6.0% | GrowthRev=+44.2%
EPS next Year (2027-12-31): EPS=1.13 | Chg30d=-0.19% | Revisions=+40% | GrowthEPS=+31.8% | GrowthRev=+29.5%
[Analyst] Revisions Ratio: +10% (up=4, down=3)