DLO Stock Analysis: Dlocal | NASDAQ
Software - Infrastructure | NASDAQ, USA | Market Cap: 4.273m USD | 12M Return: 4.3% | KYG290181018 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 21.6M
EPS Trend: 83.8%
Qual. Beats: 0
Rev. Trend: 96.8%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.3 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 is a Uruguay-headquartered payment processing company that delivers pay-in and pay-out solutions to global merchants and digital platforms. Its pay-in offering supports international and local cards, online bank transfers, direct debit, cash, and a broad range of alternative payment methods (APMs), and covers both cross-border and local-to-local transactions. The company also operates dLocal for Platforms, a product designed to manage payments for global digital platforms.
DLocals customer base spans a wide set of verticals, including commerce, streaming, ride-hailing, financial services, remittances, advertising, SaaS, travel, e-learning, on-demand delivery, gaming, and crypto. Founded in 2016 and based in Montevideo, DLocal went public on NASDAQ in June 2021 and is classified within the Transaction & Payment Processing Services sub-industry.
A defining feature of the business model is its focus on emerging markets in Latin America, Africa, and Asia, where it localizes payment acceptance, currency settlement, and regulatory compliance on behalf of cross-border merchants that would otherwise face fragmented payment infrastructure.
- Cross-border payment volume growth accelerates across emerging markets
- Take rate compresses as competition intensifies from global processors
- Emerging market FX volatility pressures gross margins and profitability
| 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 October 07, 2026, the stock is trading at USD 14.53 with a total of 1,496,490 shares traded. Over the past week, the price has changed by +6.14%, over one month by -2.81%, over three months by -4.72% and over the past year by +4.27%.
Current recommended Stop Loss: 13.20 (which is 9.2% or 2.8 ATR below the current price).
Dlocal has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy DLO.
- StrongBuy: 6
- Buy: 3
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 18.8 | 29.4% |
P/E Trailing = 21.3529
P/E Forward = 19.6078
P/S = 3.1513
P/B = 7.6611
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 2.74m
Net Debt = -804.0m USD (calculated: Debt 70.1m - CCE 874.2m)
Enterprise Value = 3.47b USD (4.27b + Debt 70.1m - CCE 874.2m)
Interest Coverage Ratio = 17.39 (Ebit TTM 232.1m / Interest Expense TTM 13.4m)
EV/FCF = 8.19x (Enterprise Value 3.47b / FCF TTM 423.8m)
FCF Yield = 12.22% (FCF TTM 423.8m / Enterprise Value 3.47b)
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 = 1.58 (Enterprise Value 3.47b / 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 = 10.14% (E(4.27b)/V(4.34b) * Re(10.05%) + D(70.1m)/V(4.34b) * Rd(19.04%) * (1-Tc(0.17)))
Discount Rate = 10.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -47.94 | Cagr: -2.07%
[DCF] Terminal Value 72.40% ; FCFF base≈292.9m ; Y1≈335.7m ; Y5≈494.1m
[DCF] Fair Price = 36.24 (EV 5.65b - Net Debt -804.0m = Equity 6.45b / Shares 178.0m; r=10.14% [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=-13.56% | Revisions=+50% | Analysts=3
EPS current Year (2026-12-31): EPS=0.85 | Chg30d=-0.91% | Revisions=+0% | GrowthEPS=+5.7% | GrowthRev=+45.8%
EPS next Year (2027-12-31): EPS=1.14 | Chg30d=+1.14% | Revisions=+29% | GrowthEPS=+34.2% | GrowthRev=+30.2%
[Analyst] Revisions Ratio: +36% (up=8, down=3)