DLocal Limited

NasdaqGS:DLO Stock Report

Market Cap: US$3.3b

DLocal Valuation

Is DLO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DLO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DLO ($11.61) is trading above our estimate of fair value ($10.07)

Significantly Below Fair Value: DLO is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DLO?

Key metric: As DLO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DLO. This is calculated by dividing DLO's market cap by their current earnings.
What is DLO's PE Ratio?
PE Ratio27.8x
EarningsUS$119.25m
Market CapUS$3.31b

Price to Earnings Ratio vs Peers

How does DLO's PE Ratio compare to its peers?

The above table shows the PE ratio for DLO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average66.2x
PAYO Payoneer Global
27.8x10.9%US$3.6b
FLYW Flywire
125.4x56.8%US$2.5b
STNE StoneCo
7.2x13.2%US$2.4b
PAY Paymentus Holdings
104.5x22.9%US$4.2b
DLO DLocal
27.8x27.8%US$3.3b

Price-To-Earnings vs Peers: DLO is good value based on its Price-To-Earnings Ratio (27.8x) compared to the peer average (66.2x).

Price to Earnings Ratio vs Industry

How does DLO's PE Ratio compare vs other companies in the US Diversified Financial Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FOA Finance of America Companies
1.6x-136.3%US$610.65m
PMIR PMI Group
0.09xn/aUS$518.61k
ACGX Alliance Creative Group
1.3xn/aUS$280.75k
No more companies available in this PE range
DLO 27.8xIndustry Avg. 17.5xNo. of Companies11PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DLO is expensive based on its Price-To-Earnings Ratio (27.8x) compared to the US Diversified Financial industry average (17.5x).

Price to Earnings Ratio vs Fair Ratio

What is DLO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DLO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.8x
Fair PE Ratio21.5x

Price-To-Earnings vs Fair Ratio: DLO is expensive based on its Price-To-Earnings Ratio (27.8x) compared to the estimated Fair Price-To-Earnings Ratio (21.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DLO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$11.61
US$11.18
-3.7%
18.2%US$14.00US$9.00n/a11
Dec ’25US$11.44
US$11.00
-3.8%
18.6%US$14.00US$9.00n/a11
Nov ’25US$8.40
US$10.73
+27.7%
21.4%US$14.00US$8.00n/a11
Oct ’25US$8.10
US$10.73
+32.4%
21.4%US$14.00US$8.00n/a11
Sep ’25US$8.92
US$10.64
+19.2%
22.4%US$14.00US$8.00n/a11
Aug ’25US$7.34
US$13.68
+86.4%
24.8%US$21.00US$8.00n/a11
Jul ’25US$8.20
US$13.86
+69.1%
25.0%US$21.00US$8.00n/a11
Jun ’25US$9.15
US$15.55
+69.9%
13.3%US$21.00US$13.00n/a11
May ’25US$14.02
US$18.83
+34.3%
14.0%US$25.00US$15.00n/a12
Apr ’25US$15.58
US$19.17
+23.0%
14.7%US$25.00US$15.00n/a12
Mar ’25US$16.74
US$20.71
+23.7%
13.7%US$25.00US$15.00n/a12
Feb ’25US$16.43
US$20.71
+26.0%
13.7%US$25.00US$15.00n/a12
Jan ’25US$17.69
US$19.96
+12.8%
14.9%US$25.00US$15.00n/a12
Dec ’24US$17.82
US$19.96
+12.0%
17.6%US$25.00US$15.00US$11.4412
Nov ’24US$17.02
US$20.46
+20.2%
18.4%US$25.00US$15.00US$8.4012
Oct ’24US$19.17
US$19.23
+0.3%
22.2%US$25.00US$12.00US$8.1011
Sep ’24US$21.61
US$19.00
-12.1%
23.2%US$25.00US$12.00US$8.9211
Aug ’24US$15.09
US$16.55
+9.6%
23.1%US$25.00US$10.00US$7.3411
Jul ’24US$12.21
US$16.40
+34.4%
24.3%US$25.00US$10.00US$8.2010
Jun ’24US$10.95
US$16.60
+51.6%
22.9%US$25.00US$10.00US$9.1510
May ’24US$13.79
US$18.56
+34.6%
22.7%US$25.00US$14.00US$14.029
Apr ’24US$16.22
US$19.90
+22.7%
25.7%US$31.00US$14.00US$15.5810
Mar ’24US$15.30
US$22.10
+44.4%
29.9%US$36.00US$15.00US$16.7410
Feb ’24US$16.95
US$22.60
+33.3%
32.8%US$36.00US$15.00US$16.4310
Jan ’24US$15.57
US$23.30
+49.6%
30.5%US$36.00US$15.00US$17.6910
Dec ’23US$12.39
US$28.44
+129.6%
25.8%US$38.00US$16.00US$17.829

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 21:35
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

DLocal Limited is covered by 15 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
John CoffeyBarclays
Cassie ChanBofA Global Research