6 years of historical data (2019–2024) · Technology · Software - Infrastructure
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
DLocal Limited trades at 31.4x earnings, 49% below its 5-year average of 61.1x, sitting at the 25th percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a premium of 24%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Market Cap | $2.0B | $3.4B | $5.4B | $4.6B | $10.5B | — | — |
| Enterprise Value | $1.7B | $3.1B | $5.1B | $4.1B | $10.3B | — | — |
| P/E Ratio → | 31.38 | 28.87 | 36.10 | 42.08 | 137.27 | — | — |
| P/S Ratio | 2.72 | 4.61 | 8.24 | 11.00 | 43.13 | — | — |
| P/B Ratio | 7.64 | 7.03 | 11.78 | 11.53 | 37.57 | — | — |
| P/FCF | — | — | 19.47 | 27.56 | 174.13 | — | — |
| P/OCF | — | — | 18.26 | 27.40 | 97.06 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
DLocal Limited's enterprise value stands at 10.5x EBITDA, 78% below its 5-year average of 48.2x. The Technology sector median is 15.7x, placing the stock at a 33% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.11 | 7.90 | 9.79 | 42.24 | — | — |
| EV / EBITDA | 10.50 | 19.41 | 26.79 | 30.14 | 116.39 | — | — |
| EV / EBIT | 11.79 | 20.23 | 28.70 | 34.05 | 120.39 | — | — |
| EV / FCF | — | — | 18.68 | 24.52 | 170.51 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
DLocal Limited earns an operating margin of 18.8%. Operating margins have compressed from 30.5% to 18.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 25.5% indicates solid capital efficiency. ROIC of 59.4% represents excellent returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 39.5% | 39.5% | 42.6% | 48.3% | 53.4% | 57.7% | 64.9% |
| Operating Margin | 18.8% | 18.8% | 27.6% | 30.5% | 34.3% | 29.7% | 31.8% |
| Net Profit Margin | 16.1% | 16.1% | 22.9% | 25.9% | 31.9% | 27.1% | 28.2% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| ROE | 25.5% | 25.5% | 34.9% | 32.0% | 47.9% | 81.0% | 63.6% |
| ROA | 10.7% | 10.7% | 15.6% | 15.4% | 19.9% | 20.1% | 19.6% |
| ROIC | 59.4% | 59.4% | 210.4% | — | 199.9% | 236.5% | 73.0% |
| ROCE | 29.5% | 29.5% | 41.6% | 37.1% | 50.8% | 88.3% | 71.0% |
Solvency and debt-coverage ratios — lower is generally safer
DLocal Limited carries a Debt/EBITDA ratio of 0.3x, which is very conservative (88% below the sector average of 3.0x). The company holds a net cash position — cash of $425M exceeds total debt of $54M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 2.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.11 | 0.11 | 0.01 | 0.01 | 0.03 | 0.00 | 0.02 |
| Debt / EBITDA | 0.34 | 0.34 | 0.02 | 0.03 | 0.10 | 0.01 | 0.02 |
| Net Debt / Equity | — | -0.76 | -0.48 | -1.27 | -0.78 | -0.96 | -0.26 |
| Net Debt / EBITDA | -2.35 | -2.35 | -1.14 | -3.73 | -2.47 | -1.36 | -0.36 |
| Debt / FCF | — | — | -0.80 | -3.04 | -3.62 | -0.51 | -0.22 |
| Interest Coverage | 2.83 | 2.83 | 2.02 | 722.66 | 154.11 | 461.87 | 585.47 |
Net cash position: cash ($425M) exceeds total debt ($54M)
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.58x means DLocal Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.82x to 1.58x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.58 | 1.58 | 1.63 | 1.82 | 1.77 | 1.26 | 1.41 |
| Quick Ratio | 1.58 | 1.58 | 1.63 | 1.82 | 1.77 | 1.26 | 1.41 |
| Cash Ratio | 0.84 | 0.84 | 0.52 | 1.22 | 0.77 | 0.34 | 0.41 |
| Asset Turnover | — | 0.64 | 0.60 | 0.51 | 0.42 | 0.52 | 0.69 |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 223.69 | 179.29 | 209.50 | 267.45 | 235.56 | 161.36 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
DLocal Limited returns 5.0% to shareholders annually primarily through share buybacks. The earnings yield of 3.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | 53.2% | 64.1% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.2% | 3.5% | 2.8% | 2.4% | 0.7% | — | — |
| FCF Yield | — | — | 5.1% | 3.6% | 0.6% | — | — |
| Buyback Yield | 5.0% | 2.9% | 1.8% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 5.0% | 2.9% | 1.8% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $305M | $303M | $296M | $295M | $293M | $293M |
Compare DLO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| DLOYou | $2B | 31.4 | 10.5 | — | 39.5% | 18.8% | 25.5% | 59.4% | 0.3 |
| XYZ | $38B | 30.3 | 22.9 | 15.8 | 42.8% | 7.1% | 6.0% | 6.4% | 4.3 |
| CPAY | $23B | 23.3 | 13.7 | 12.9 | 78.1% | 45.0% | 31.2% | 14.7% | 3.7 |
| AFRM | $15B | 313.2 | 158.0 | 25.4 | 67.5% | -2.7% | 1.8% | -0.7% | 57.0 |
| TOST | $14B | 48.8 | 34.9 | 23.5 | 25.8% | 5.0% | 18.6% | 30.8% | 0.1 |
| KSPI | $13B | 6.5 | 5.0 | 13.8 | 62.3% | 50.4% | 77.7% | 113.5% | 0.2 |
| WEX | $5B | 19.9 | 8.9 | 15.3 | 60.5% | 26.1% | 18.7% | 10.2% | 4.4 |
| KLAR | $5B | 2023.9 | 39.2 | 9.4 | 77.7% | -4.5% | 0.1% | -218.7% | 11.6 |
| BLSH | $5B | -5.2 | — | — | 0.0% | -0.0% | -26.8% | -2.3% | — |
| STNE | $4B | -17.3 | — | — | 27.9% | -30.9% | -13.1% | -7.2% | — |
| ACIW | $4B | 18.4 | 11.1 | 13.2 | 49.0% | 18.7% | 15.4% | 11.4% | 2.0 |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 6 years · Updated daily
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Start ComparisonDLocal Limited's current P/E ratio is 31.4x. The historical average is 61.1x. This places it at the 25th percentile of its historical range.
DLocal Limited's current EV/EBITDA is 10.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 25.4x.
DLocal Limited's return on equity (ROE) is 25.5%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 47.5%.
Based on historical data, DLocal Limited is trading at a P/E of 31.4x. This is at the 25th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
DLocal Limited has 39.5% gross margin and 18.8% operating margin. Operating margin between 10-20% is typical for established companies.
DLocal Limited's Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.