Financials DLocal Limited

Equities

DLO

KYG290181018

Business Support Services

Real-time Estimate Cboe BZX 02:48:35 2024-05-15 pm EDT 5-day change 1st Jan Change
10 USD -26.33% Intraday chart for DLocal Limited -27.71% -43.89%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 10,530 4,608 5,122 3,922 - -
Enterprise Value (EV) 1 10,202 4,144 4,590 2,967 2,678 2,455
P/E ratio 143 x 44.5 x 36.1 x 28.5 x 17.7 x 14.3 x
Yield - - - - - -
Capitalization / Revenue 43.1 x 11 x 7.88 x 4.46 x 3.37 x 2.67 x
EV / Revenue 41.8 x 9.89 x 7.06 x 3.37 x 2.3 x 1.67 x
EV / EBITDA 103 x 27.1 x 22.7 x 12.9 x 8.02 x 5.67 x
EV / FCF 169 x 29.2 x 16.7 x -742 x -298 x -
FCF Yield 0.59% 3.43% 6% -0.13% -0.34% -
Price to Book 37.6 x - - 6.69 x 4.62 x 3.37 x
Nbr of stocks (in thousands) 295,028 295,985 289,558 288,820 - -
Reference price 2 35.69 15.57 17.69 13.58 13.58 13.58
Announcement Date 3/14/22 4/5/23 3/18/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 244.1 418.9 650.4 879.6 1,165 1,466
EBITDA 1 - 99.16 153.1 202.3 229.6 333.9 432.7
EBIT 1 - 83.84 127.9 179.7 198.7 274.4 350.7
Operating Margin - 34.34% 30.53% 27.62% 22.59% 23.55% 23.91%
Earnings before Tax (EBT) 1 - 85.5 120.3 178.5 186.5 281.3 352.7
Net income 1 28.18 77.88 108.7 149 171.8 242.5 316.6
Net margin - 31.9% 25.94% 22.91% 19.53% 20.82% 21.59%
EPS 2 0.000200 0.2500 0.3500 0.4900 0.4761 0.7666 0.9511
Free Cash Flow 1 - 60.47 142.1 275.2 -4 -9 -
FCF margin - 24.77% 33.92% 42.32% -0.45% -0.77% -
FCF Conversion (EBITDA) - 60.98% 92.83% 136.03% - - -
FCF Conversion (Net income) - 77.65% 130.75% 184.76% - - -
Dividend per Share 2 - - - - - - -
Announcement Date 4/13/21 3/14/22 4/5/23 3/18/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 76.26 87.45 101.2 111.9 118.4 137.3 161.1 163.9 188 184.4 208.2 221.4 242.4 248.4 249.5
EBITDA 1 29.07 32.86 38.18 41.62 40.41 45.48 52.04 55.58 49.23 36.77 52.35 62.6 77.06 - -
EBIT 1 24.57 29.08 35.09 37.23 26.5 39.36 47.77 51.53 41 26.9 50.29 53.52 58.89 59.48 62.97
Operating Margin 32.21% 33.26% 34.68% 33.28% 22.38% 28.67% 29.64% 31.44% 21.81% 14.59% 24.15% 24.18% 24.3% 23.94% 25.24%
Earnings before Tax (EBT) 1 25.66 27.49 34.87 34.62 23.3 39.73 53.56 49.26 35.96 24.83 43.92 52.59 65.17 59.23 65.33
Net income 1 23.58 26.29 30.57 32.46 19.36 35.44 44.7 40.31 28.52 17.71 35.14 42.07 52.13 47.97 52.91
Net margin 30.93% 30.06% 30.22% 29.02% 16.34% 25.82% 27.74% 24.59% 15.17% 9.6% 16.87% 19% 21.51% 19.31% 21.2%
EPS 2 0.0800 0.0800 0.1000 0.1000 0.0600 0.1100 0.1500 0.1300 0.1000 0.0600 0.1100 0.1400 0.1700 0.1630 0.1909
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 3/14/22 5/17/22 8/22/22 11/14/22 4/5/23 5/17/23 8/15/23 11/21/23 3/18/24 5/14/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - 327 464 532 956 1,244 1,467
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 60.5 142 275 -4 -9 -
ROE (net income / shareholders' equity) - 47.9% 32% 34.9% 28.3% 31.5% 30.2%
ROA (Net income/ Total Assets) - 19.9% 15.4% 15.6% 12.8% 12.8% 12.5%
Assets 1 - 391.7 704.7 955.4 1,342 1,895 2,535
Book Value Per Share 2 - 0.9500 - - 2.030 2.940 4.030
Cash Flow per Share 2 - 0.3500 0.4900 0.9700 0.5700 1.070 1.340
Capex 1 - 48 12.4 18.2 20.3 23 23.6
Capex / Sales - 19.67% 2.95% 2.8% 2.31% 1.98% 1.61%
Announcement Date 4/13/21 3/14/22 4/5/23 3/18/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
13.58 USD
Average target price
17.82 USD
Spread / Average Target
+31.21%
Consensus
  1. Stock Market
  2. Equities
  3. DLO Stock
  4. Financials DLocal Limited
-40% Limited Time Offer: Our subscriptions help you unlock hidden opportunities.
BENEFIT NOW