DLOCAL LIMITED |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.66 USD | +3.32% |
|
+0.64% | -45.44% |
| May. 20 | Barclays Adjusts Price Target on DLocal to $14 From $17, Maintains Equalweight Rating | MT |
| May. 15 | Sector Update: Tech Stocks Advance Pre-Bell Wednesday | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 10,530 | 4,608 | 5,122 | 2,700 | - | - |
| Enterprise Value (EV) 1 | 10,202 | 4,144 | 4,590 | 1,745 | 1,456 | 1,234 |
| P/E ratio | 143 x | 44.5 x | 36.1 x | 20.4 x | 12.6 x | 9.79 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 43.1 x | 11 x | 7.88 x | 3.11 x | 2.37 x | 1.91 x |
| EV / Revenue | 41.8 x | 9.89 x | 7.06 x | 2.01 x | 1.28 x | 0.87 x |
| EV / EBITDA | 103 x | 27.1 x | 22.7 x | 7.89 x | 4.77 x | 2.96 x |
| EV / FCF | 169 x | 29.2 x | 16.7 x | -436 x | -162 x | - |
| FCF Yield | 0.59% | 3.43% | 6% | -0.23% | -0.62% | - |
| Price to Book | 37.6 x | - | - | 4.82 x | 3.35 x | 2.49 x |
| Nbr of stocks (in thousands) | 295,028 | 295,985 | 289,558 | 288,820 | - | - |
| Reference price 2 | 35.69 | 15.57 | 17.69 | 9.350 | 9.350 | 9.350 |
| 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 | 868.3 | 1,139 | 1,417 |
| EBITDA 1 | - | 99.16 | 153.1 | 202.3 | 221.1 | 305.6 | 417.2 |
| EBIT 1 | - | 83.84 | 127.9 | 179.7 | 202.3 | 275.1 | 349.9 |
| Operating Margin | - | 34.34% | 30.53% | 27.62% | 23.3% | 24.15% | 24.69% |
| Earnings before Tax (EBT) 1 | - | 85.5 | 120.3 | 178.5 | 179.6 | 276.9 | 348 |
| Net income 1 | 28.18 | 77.88 | 108.7 | 149 | 161.4 | 231.5 | 306.7 |
| Net margin | - | 31.9% | 25.94% | 22.91% | 18.59% | 20.32% | 21.64% |
| EPS 2 | 0.000200 | 0.2500 | 0.3500 | 0.4900 | 0.4580 | 0.7406 | 0.9549 |
| Free Cash Flow 1 | - | 60.47 | 142.1 | 275.2 | -4 | -9 | - |
| FCF margin | - | 24.77% | 33.92% | 42.32% | -0.46% | -0.79% | - |
| 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 | 207.2 | 223.3 | 243.2 | 243.2 | 246.8 |
| EBITDA 1 | 29.07 | 32.86 | 38.18 | 41.62 | 40.41 | 45.48 | 52.04 | 55.58 | 49.23 | 36.77 | 50.33 | 62.97 | 75.02 | 56.96 | - |
| EBIT 1 | 24.57 | 29.08 | 35.09 | 37.23 | 26.5 | 39.36 | 47.77 | 51.53 | 41 | 26.9 | 44.05 | 52.78 | 59.5 | 56.8 | 62.97 |
| Operating Margin | 32.21% | 33.26% | 34.68% | 33.28% | 22.38% | 28.67% | 29.64% | 31.44% | 21.81% | 14.59% | 21.26% | 23.64% | 24.46% | 23.35% | 25.52% |
| 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 | 30.37 | 39.2 | 47.68 | 41.42 | 52.91 |
| Net margin | 30.93% | 30.06% | 30.22% | 29.02% | 16.34% | 25.82% | 27.74% | 24.59% | 15.17% | 9.6% | 14.66% | 17.56% | 19.61% | 17.03% | 21.44% |
| EPS 2 | 0.0800 | 0.0800 | 0.1000 | 0.1000 | 0.0600 | 0.1100 | 0.1500 | 0.1300 | 0.1000 | 0.0600 | 0.0970 | 0.1243 | 0.1507 | 0.1420 | 0.1779 |
| 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% | 25.2% | 29.5% | 28.2% |
| 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 | 1,261 | 1,808 | 2,456 |
| Book Value Per Share 2 | - | 0.9500 | - | - | 1.940 | 2.790 | 3.750 |
| Cash Flow per Share 2 | - | 0.3500 | 0.4900 | 0.9700 | 0.8000 | 0.9100 | 1.340 |
| Capex 1 | - | 48 | 12.4 | 18.2 | 18 | 19 | 21.8 |
| Capex / Sales | - | 19.67% | 2.95% | 2.8% | 2.07% | 1.67% | 1.54% |
| 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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
9.35
USD
Average target price
16.27
USD
Spread / Average Target
+74.04%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -47.15% | 2.7B | |
| +13.07% | 87.88B | |
| +0.28% | 64.42B | |
| -13.87% | 41.11B | |
| -18.71% | 26.35B | |
| -4.48% | 18.97B | |
| -16.68% | 12.28B | |
| -9.84% | 10.39B | |
| -18.26% | 8.66B | |
| -3.07% | 7.9B |
- Stock Market
- Equities
- DLO Stock
- Financials DLocal Limited
