Overview Dividends

(DLO) Dlocal - Ratings and Ratios

Exchange: NASDAQ • Country: Uruguay • Currency: USD • Type: Common Stock • ISIN: KYG290181018

Pay-In, Pay-Out, Platform

DLO EPS (Earnings per Share)

EPS Growth (3Y CAGR): -46.00%
EPS Trend (3Y Correlation): 4.2%

DLO Revenue

Revenue Growth (3Y CAGR): 35.22%
Revenue Trend (3Y Correlation): 94.8%

Risk via 10d forecast
Volatility	57.3%
Value at Risk 5%th	77.3%
Relative Tail Risk	-17.88%

Reward TTM
Sharpe Ratio	0.95
Alpha	54.16

Character TTM
Hurst Exponent	0.417
Beta	1.032
Beta Downside	1.208

Drawdowns 3y
Max DD	68.59%
Mean DD	34.35%
Median DD	30.91%

Description: DLO Dlocal November 09, 2025

DLocal Ltd (NASDAQ:DLO) operates a global payment-processing platform that enables merchants to accept pay-ins via international and local cards, bank transfers, direct debits, cash, and hundreds of alternative payment methods (APMs). Its complementary pay-out solution helps businesses disburse funds at scale, while the “dLocal for Platforms” suite offers end-to-end services for multi-sided marketplaces. The company serves a broad set of verticals-including commerce, streaming, ride-hailing, fintech, remittances, advertising, SaaS, travel, e-learning, on-demand delivery, gaming, and crypto-leveraging its Uruguay-based headquarters and a network of local acquiring partners.

According to the FY2023 earnings release, DLocal generated $1.1 billion in gross transaction volume (GTV), a 42 % YoY increase, and reported revenue of $224 million, up 39 % year-over-year, driven primarily by expanding merchant adoption in Latin America and Southeast Asia. The firm’s gross profit margin stabilized around 71 %, reflecting the high-margin nature of cross-border processing, while its net loss narrowed to $12 million as operating expenses grew more slowly than revenue. Key macro drivers include the rapid growth of e-commerce in emerging markets (projected to exceed 30 % CAGR through 2028) and the increasing regulatory push for local payment routing, which favors DLocal’s “local-first” model.

For a deeper quantitative dive, you might explore ValueRay’s analyst models on DLO to see how these trends translate into forward-looking valuation metrics.

DLO Stock Overview

Market Cap in USD	4,303m
Sub-Industry	Transaction & Payment Processing Services
IPO / Inception	2021-06-03
Return 12m vs S&P 500	41.2%
Analyst Rating	3.50 of 5

DLO Dividends

Dividend Yield	3.79%
Yield on Cost 5y	1.70%
Yield CAGR 5y	%
Payout Consistency	100.0%
Payout Ratio	127.2%

DLO Growth Ratios

CAGR 3y	11.21%
CAGR/Max DD Calmar Ratio	0.16
CAGR/Mean DD Pain Ratio	0.33
Current Volume	9349.7k
Average Volume	1820.9k

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (145.9m TTM) > 0 and > 6% of Revenue (6% = 51.8m TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA -1.94pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 40.98% (prev 52.43%; Δ -11.46pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 118.3m <= Net Income 145.9m (YES >=105%, WARN >=100%)

Net Debt (-473.0m) to EBITDA (231.7m) ratio: -2.04 <= 3.0 (WARN <= 3.5)

Current Ratio 1.46 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (305.8m) change vs 12m ago -0.86% (target <= -2.0% for YES)

Gross Margin 40.03% (prev 39.15%; Δ 0.88pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 71.45% (prev 59.18%; Δ 12.27pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 2.88 (EBITDA TTM 231.7m / Interest Expense TTM 73.7m) >= 6 (WARN >= 3)

Altman Z'' 4.84

(A) 0.29 = (Total Current Assets 1.12b - Total Current Liabilities 766.5m) / Total Assets 1.22b

(B) 0.35 = Retained Earnings (Balance) 429.5m / Total Assets 1.22b

(D) 0.59 = Book Value of Equity 456.1m / Total Liabilities 773.1m

Total Rating: 4.84 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 81.42

1. Piotroski 5.0pt = 0.0

2. FCF Yield 2.61% = 1.30

3. FCF Margin 11.18% = 2.79

4. Debt/Equity 0.01 = 2.50

5. Debt/Ebitda -2.04 = 2.50

6. ROIC - WACC (= 25.71)% = 12.50

7. RoE 30.10% = 2.50

8. Rev. Trend 94.83% = 7.11

9. EPS Trend 4.18% = 0.21

What is the price of DLO shares?

As of November 15, 2025, the stock is trading at USD 13.85 with a total of 9,349,716 shares traded.
Over the past week, the price has changed by +1.84%, over one month by -2.46%, over three months by +18.48% and over the past year by +60.82%.

Is Dlocal a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, Dlocal (NASDAQ:DLO) is currently (November 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 81.42 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of DLO is around 12.24 USD . This means that DLO is currently overvalued and has a potential downside of -11.62%.

Is DLO a buy, sell or hold?

Dlocal has received a consensus analysts rating of 3.50. Therefor, it is recommend to hold DLO.

Strong Buy: 2
Buy: 1
Hold: 7
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the DLO price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	16.6	19.9%
Analysts Target Price	16.6	19.9%
ValueRay Target Price	13.8	-0.1%

DLO Fundamental Data Overview November 03, 2025

Market Cap USD = 4.30b (4.30b USD * 1.0 USD.USD)
P/E Trailing = 30.5208
P/E Forward = 19.6078
P/S = 4.983
P/B = 9.1987
Beta = 1.099
Revenue TTM = 863.5m USD
EBIT TTM = 211.9m USD
EBITDA TTM = 231.7m USD
Long Term Debt = 2.86m USD (from longTermDebtTotal, last fiscal year)
Short Term Debt = 1.20m USD (from shortTermDebt, last quarter)
Debt = 3.90m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -473.0m USD (from netDebt column, last quarter)
Enterprise Value = 3.70b USD (4.30b + Debt 3.90m - CCE 602.5m)
Interest Coverage Ratio = 2.88 (Ebit TTM 211.9m / Interest Expense TTM 73.7m)
FCF Yield = 2.61% (FCF TTM 96.5m / Enterprise Value 3.70b)
FCF Margin = 11.18% (FCF TTM 96.5m / Revenue TTM 863.5m)
Net Margin = 16.90% (Net Income TTM 145.9m / Revenue TTM 863.5m)
Gross Margin = 40.03% ((Revenue TTM 863.5m - Cost of Revenue TTM 517.8m) / Revenue TTM)
Gross Margin QoQ = 38.56% (prev 39.16%)
Tobins Q-Ratio = 3.03 (Enterprise Value 3.70b / Total Assets 1.22b)
Interest Expense / Debt = 382.1% (Interest Expense 14.9m / Debt 3.90m)
Taxrate = 16.06% (8.19m / 51.0m)
NOPAT = 177.8m (EBIT 211.9m * (1 - 16.06%))
Current Ratio = 1.46 (Total Current Assets 1.12b / Total Current Liabilities 766.5m)
Debt / Equity = 0.01 (Debt 3.90m / totalStockholderEquity, last quarter 448.0m)
Debt / EBITDA = -2.04 (Net Debt -473.0m / EBITDA 231.7m)
Debt / FCF = -4.90 (Net Debt -473.0m / FCF TTM 96.5m)
Total Stockholder Equity = 484.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 11.95% (Net Income 145.9m / Total Assets 1.22b)
RoE = 30.10% (Net Income TTM 145.9m / Total Stockholder Equity 484.7m)
RoCE = 43.45% (EBIT 211.9m / Capital Employed (Equity 484.7m + L.T.Debt 2.86m))
RoIC = 35.76% (NOPAT 177.8m / Invested Capital 497.3m)
WACC = 10.05% (E(4.30b)/V(4.31b) * Re(10.06%) + (debt cost/tax rate unavailable))
Discount Rate = 10.06% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.70%
[DCF Debug] Terminal Value 74.90% ; FCFE base≈105.0m ; Y1≈127.4m ; Y5≈209.5m
Fair Price DCF = 15.35 (DCF Value 2.53b / Shares Outstanding 164.6m; 5y FCF grow 22.87% → 3.0% )
EPS Correlation: 4.18 | EPS CAGR: -46.00% | SUE: -3.66 | # QB: 0
Revenue Correlation: 94.83 | Revenue CAGR: 35.22% | SUE: 1.71 | # QB: 1

Additional Sources for DLO Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle